Forum Replies Created
I’m closing my shop in Romania because I realized that I will never be able to be profitable.
Last problem after increasing delivery costs: when there is a peak in demand, I’m out of stock. I now realized how rare the gold is.
Wholesaler are very low in supply for gold. People don’t realize yet, but when all retailers will be out of stock, the price will really go up. Inflation is key. The current status quo will only continue as long as the general rise in prices is contained. One event that will drive key investors to move from stocks to tangible assets and the game is over.
I don’t know what will happen with this forum, I may need it for my Romanian soon to be online shop. We’ll see.
All the best!
AlexandruJuly 13, 2020 at 5:51 pm in reply to: 2020 Goldmoney Year end and letter to shareholders #186
For some reason I can’t find the letter. The Goldmoney news page doesn’t load for some reason. Do you have a link?
The fees are still to high for the small investor. The only option for the small gold saver remains gold bars and coins kept at home.March 10, 2020 at 9:11 pm in reply to: Thoughts on closing this community and moving to some social media – PART II #175
Hi Benjamin and thank you for the kind words!
I will keep this forum for a while. There should be no problems with sharing insights from Goldmoney or commenting about Goldmoney, BullionStar and other companies, as long as we don’t consistently advertise one company. I will just remove the Goldmoney section of the forum and all the news about Goldmoney should go to Community Updates.
I want this forum to be more than just sharing news, but more about personal insights about how a banking system based on gold may function. Since the main goal of Goldmoney was to be a gold bank for payments, we should focus on this idea. And also on the idea of a gold bank for credit.
I will close this forum when there will be something bigger to replace it.
AlexandruMarch 5, 2020 at 9:29 pm in reply to: Thoughts on closing this community and moving to some social media – PART II #172
OK, I found an workaround. This anti-spam has a freemium version but the price is that we can’t use is to promote Goldmoney, and I can’t use it to promote Gold’n’Roll 🙂
I don’t have ads on my site
I don’t sell products/services on my site
I don’t promote a business on my site
The community continues!March 5, 2020 at 9:14 pm in reply to: Thoughts on closing this community and moving to some social media – PART II #170
… That doesn’t mean that I don’t think of workarounds this week. I don’t want to lose this community as small as it is 🙂
Thanks for sharing!
It looks like the focus on regulatory issues should shift to platform development and customer support.
The only gold mining stock that I follow is the Canadian ESM, because they develop projects in Romania so it’s easier for me to understand the context and the potential.
I recommend their website, well structured, transparent and complete information. I understood they have a great executive team.
The only problem is raising capital. Every 3-4 months they’re short of cash.
Simplywallstreet are very bearish on ESM:
This view keeps the stock cheap which makes them a good opportunity in case they get to sell the 1st ounce.
@MrTroyOz Good to see some activity, it’s silence here indeed.
For GM we have to rely on Roy’s tweets:
Some of the latest things I have begun to see coming down the pipeline truly scare me. Pre-Crime is real and we are now being forced to screen clients for ethical flags. New tools are being forced upon us as well that flag people for social media behavior. Truly dystopian.
The Good News: Goldmoney clients – you can rest assured your assets are safe and legally compliant with tax/aml/kyc laws while residing outside the fractional reserve banking system. Goldmoney shareholders – after fiscal Q3, revenue will rise and opex will decline significantly.
Thanks for sharing @MrTroyOz! We can see the hold rising already despite new stock highs and gold shorts record on COMEX.
There is no bank holiday in Canada or UK after the New Year’s eve. I withdrew my funds from GM in December and it worked fast, I got my money in 2 working days. The support always answered to my messages in up to 48 hrs. I never contacted them by email or phone.
@MrTroyOz I like what you say about Singapore, it gives me a hint of where to go if things turn ugly here in Europe.
I hope you can start topics, I set it this way 🙂 Though I’m not very good with frameworks either. You cannot start forums (categories). I create a Goldmoney category right now.
Since I am a bullion dealer, I store my gold but my wholesale partner has good storage options and they are very trustworthy. They are present in Singapore also:
I know that Bullion Star are the largest gold dealer in Singapore and they have storage in Singapore and New Zealand:
Goldmoney is still an option for more than 1 kilo in storage but they have to somehow differentiate from traditional gold storage services like GVS and Bullion Star. Traditional dealers offer segregated storage all over the world, easy to withdraw physically, at the same price Goldmoney stores in allocated accounts, with no possibility to withdraw in person.
So if it’s just for storage, I don’t think Goldmoney are the best option even for large quantities.
Instead, Goldmoney is a great trading platform. I think GM is excellent for traders too small for bullion banks, who prefer to trade physical rather than futures, who buy and sell frequently or exchange between metals. Their main competitor now is BullionVault.
It’s great to have you here AlienMe, RocketDog! I was a little bit worried that you disappeared 🙂