GoldMoney is a Canadian financial technology firm listed on the Toronto Stock Exchange.
The company is a precious metals payment network, offering precious metals investment services to a broad audience.
Legally regulated Goldmoney Holding, based on the company's patented technology, allows customers to open a warehouse account that they can manage online.
Customers can invest in gold, silver and other precious metals stored in insured vaults in various countries. The stocks are customer tracked and can be physically repurchased.
Goldmoney also holds interests in "Mene" & Schiffgold, both e-commerce jewelry providers and "L & B Trust", gold-based lending. The crypto business has left Goldmoney again at the end of 2018.
CUSTOMER BENEFITS
The fear of a bank collapse? Goldmoney helps. The customer is not dependent on the solvency of his bank as usual. Where the mass currently does not worry too much, as you firmly believe in your deposit insurance.
In many countries, inflation is high and people are afraid of further devaluation. There are also extreme examples like Venezuela where the fiat money is practically worthless. The prices increase. The cash withdrawal is only very limited possible. In Europe we can not imagine that "yet".
With the Goldmoney Mastercard the customer has a decisive advantage. The gold is physically deposited. The value remains stable in a crisis or even increases massively. If the customer wants to pay with the card, he can do so in his desired fiat currency.
The fee model is m.E. very fair.
BUSINESS REVIEW
- Share is not significantly above book value - Low schooling (equity ratio above 90%) - Big cash & gold stocks - Attractive investments (growth investments) - Organic growth is right
EXCLUSIVE RESEARCH
In so-called field research, among other things, they talk to the management, make surveys and put the services of the company through their paces. However, please understand that I can not share all the content with you here.
However, some information is also available internally. Among other things, no less than George Soros is involved in the company. (Source by PN) Soros is one of the best known and most successful investors. His investments have made him one of the richest people in the world.
The company founders also hold significant shares in the company.
OPPORTUNITIES
- Timing could fit well (rising gold price)
The price of gold is currently bullish. That should have a very positive effect on Goldmoney in many ways.
- Rating
The market has not even begun to notice how attractive the valuation of Goldmoney shares currently is.
- Crisis Share
The ultra-loose monetary policy will one day take great revenge. The hype about cryptocurrencies comes not by chance. In a crisis Goldmoney could become a high flyer.
- Takeover
For various reasons, I think it's not unlikely that Goldmoney will one day be taken over. Nevertheless, I prefer, of course, if Goldmoney remains independent.
RISKS
- Customer is king. Customer satisfaction needs to be improved
- New laws
Historically, there have already been "gold bans". Here, however, the advantage is that the gold, outside the EU, is physically stored and legally owned by you. In an emergency, you can immediately change your gold holdings into fiat currencies or alternative assets, or even physically purchase them.
- Competitor
Among the competitors should count Libra, where I put Libra in the same drawer as Apple Pay and so on.
Although Libra has an extremely large network and can reach the potential customers through your reach (Whattsapp, Facebook, etc.) very quickly. However, Libra is anything but crisis-proof. The client must open a bank account and also has an exchange rate risk & liquidity risk.
At the moment the politics is in the middle of what is a big risk for Libra.
- Copy of the business model
I think this unlikely because of the high entrance barrier, patent rights and infrastructure.
CONCLUSION
Goldmoney is a good deal for me as an investor.
I regard this participation as a kind of insurance. In the event of a crisis Goldmoney could go through the roof (rates beyond 10 CAD) Currently, Goldmoney is still quite unknown, which will hopefully change soon.
As Fiat money grows, Goldmoney's customers should grow as well. Sounds silly, but it is.
The company has a solid balance sheet. The current price is not far above book value which indicates that the down-risk is limited.
Reputable investors like Soros are invested. That makes me in addition positive.
Disclaimer: Disclosure pursuant to §34b WpHG due to possible conflicts of interest: I am regularly self-invested in the securities included in the investment universe. I take no responsibility for any consequences or losses that may arise from using my information. Risk Warning: The instruments mentioned here do not constitute investment advice or solicitation to buy or sell any securities. Securities may be subject to high volatility. In individual cases, this can lead to the total loss of the money invested or even to considerable losses. There is no liability for loss of assets. In addition, I point out that I personally hold positions in the respective genres and can dissolve at any time.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.