Category Archives: Economic Issues

Goldmoney | The Facts

If you have been following this blog for some time you know that I have made numerous posts and have been an avid supporter of a company called Goldmoney Inc. (formerly BitGold). The following search links should provide some background:

Goldmoney is a game changing FinTech (Financial Technology) company with the goal of making gold useful as money again. Unlike all of the world’s paper (aka fiat) currencies, gold has held its value as money for over 5000 years. Goldmoney gives the average person the ability to save in gold with extremely low and reasonable fees. All gold held in Goldmoney is 100% allocated to users which means that every gram owned by every account user is physically stored in one of several vaults around the globe (you select which ones) and associated with each user. This is not “paper gold”, gold contracts, or gold ETFs. This is real gold. You can take delivery of your gold in a variety of forms (cubes, bars, coins, etc.) if desired. Buying and selling gold and transferring funds to and from your bank is quick and painless. The features and functionality provided by Goldmoney have expanded significantly in the two years or so since the company IPOed, as has its user base and assets under management. As a publicly traded company it is open to the highest levels of oversight and transparency.

The reason I am writing this today is that the co-founder and major share holder, Roy Sebag, has posted a request to the Goldmoney forum asking the forum members to combat the misinformation about Goldmoney Inc. that exists on the web. Much of this mis-information is merely ignorance of Goldmoney Inc. The rest is put forward by people with their own agendas.

All I ask of you, my good readers, is to keep an open mind and read Roy’s post below.

http://community.goldmoney.com/discussion/3835/help-correct-the-record-fakenews-and-clickbait-thank-you

Many money, currency, and precious metals expects are predicting that gold could go to $10,000 an ounce in the near future as global currency wars, real wars (Syria, North Korea), and Trump policies (or failure thereof) come into play. 

Ignorance is most certainly NOT bliss. 

Information is power. 

Be informed.

As John Pierpont Morgan said before congress in 1912 … Money is gold, and nothing else.

 
cb (aka @79Au197 on the Goldmoney forum and @d4t4wr4ngl3r on Twitter)

Orkney 

FIRST https://contrafactual.com/2017/03/01/islands-of-the-future/

THEN https://contrafactual.com/2017/03/01/islands-of-the-future-madiera/

NOW – Orkney

If you have you have access to NETFLIX watch Islands of the Future 

http://www.emec.org.uk/

http://www.emec.org.uk/about-us/wave-clients/pelamis-wave-power/

https://en.m.wikipedia.org/wiki/Pelamis_Wave_Energy_Converter

Sadly, Pelamis Wave Power is defunct

https://www.genewsroom.com/press-releases/ge-completes-acquisition-alstom-power-and-grid-businesses-282159

 

https://www.gerenewableenergy.com/innovative-solutions/tidal-energy/oceade-tidal-turbine-platform.html

 


Islands of the Future

Currently watching this series on Netflix. Just finished watching El Hierro. Gives me hope for the future.

If you have NETFLIX – watch it. 

Clicking on either image below should launch NETFLIX – Islands of the Future.

Also check out the YouTube clips below.



 

EL Hierro

 

Goldmoney Q3 Results

TORONTO – (February 2, 2017) – Goldmoney Inc. (TSX:XAU) (the “Company”), a financial technology company and operator of a global gold-based financial network, today announced financial results for the third quarter ended December 31, 2016.

Selected Highlights

  • More than 1.35 million user signups with $1.7 billion in customer assets as at December 31, 2016.
  • Added the Royal Canadian Mint’s secure precious metal storage facility in Ottawa as a vault on the Goldmoney Network, and entered into an agreement with the Mint to explore future co-marketing activities that aim to boost awareness and accessibility of precious metals.
  • Completed the Schiff Gold Acquisition and entered into a Marketing and Service Agreement with Peter Schiff; results reflect 47 days of Schiff Gold operations.
  • Launched the new Goldmoney App for iOS and Android.
  • Entered the lending space with the launch of the Goldmoney Maximizer tool, which enables verified Canadian Goldmoney Network users to borrow select currencies against up to 85% of their fully-reserved gold assets.
  • Extend P2P transfer capabilities to Goldmoney Network users residing in the U.S and registered a U.S. subsidiary with the Financial Crimes Enforcement Network (“FinCEN”).
  • Reduced Goldmoney Network fees by 50%, enabling users to deposit, redeem, and make vault-to-vault gold transfers for 0.5% above the spot gold price.
  • Doubled user referral rewards for the Goldmoney Personal Golden Heart™ Program
  • Introduced a connection between Goldmoney Network and Wealth that enables Wealth clients to fund their Holdings with gold balances stored in their Goldmoney Network accounts.
  • Extended peer-to-peer transfers to 49 U.S. states, enabling verified Network users in the U.S. to send and receive gold transfers to and from verified Goldmoney Network users worldwide (excluding residents of the U.S. state of Vermont).
  • Announced Goldmoney Network accounts and Wealth Holdings had been endorsed as Shariah-compliant by the Shariah Supervisory Board of Amanie Advisors, which issued the fatwa in accordance with the Shariah Standard on Gold set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and developed in cooperation with the World Gold Council.
  • Launched additional payment integrations allowing for direct-to-bank redemptions and credit card processing in Indian rupee for Goldmoney Network.

 Click HERE for the complete report

 

View the Real Time Audit


https://www.goldmoney.com/newsroom/investor-relations

 
Learn more and signup using the special URL   https://Goldmoney.com/r/niKIos   to earn a bonus of 5% additional gold on your first deposit (up to a maximum of 0.5 grams of bonus gold) if you make that deposit within 7 days of signing up.  Please note that wire transfer deposits are not eligible for the first deposit bonus.