Goldmoney Inc (XAU-T)

Doesn't know this super well, but obviously with what is going on in the blockchain/Bitcoin space, this is a bit of a hybrid. They are doing a similar type of business in gold. You are seeing a big trend and big interest in that sector, but at the same time, you are also seeing gold and a commodity increase. An interesting way to have an alternate form of currency in gold. If you think gold is going up and that we are going to start looking at alternative currencies, this is an interesting one to hold.

He was a founding shareholder. It treated him well. Sold his holdings because it exceeded every possible expectation he had for it in a short period of time. Good management. They are adding assets under management very quickly, and are expanding into the physical gold space. He hopes to be in competition with them in a joint venture with Tradewinds with a blockchain cleared and settled with a gold physical token.

Zero rates are about to nudge higher and Quantitative Easing by buying bonds is starting to taper and unwind. The European Central Bank announced that instead of buying $60 billion of their bonds, they are now buying $30 billion each month, and that is going to zero by September of next year. Therefore, the thesis of gold going up in the next 18 months is going to look a lot different. The scenario of not trusting your own currency has a lot of bigger problems, and in that environment, this would be a higher risk stock. Don't be afraid of peeling off profits.

Seasonality from Mid-July until Mid-October. It is happening again as it has already had a huge gain. It broke a long term downward trend, it is outperforming the market and momentum is positive. This is an interesting play that will last until the second week in October.

This is where you can deposit gold and have access to it at merchants, whoever will accept that as a form of payment. He likes the concept, but it is still a little too early. You are now competing with all kinds of other alternatives as well. This has a good management team and they’ve done some good acquisitions. Their customer acquisition costs are still kind of high, and the industry acceptance is still not quite there.

If you believe you will be buying your coffee in the morning with gold, this is the company for you. It is a 10 year plan. They are starting to get critical mass. They are trying to change the market. The management team is good, but it is still a bit early.

Trying to create gold as a currency. You deposit gold and they store it for you, and then you use it like a debit card. Has a very good customer growth rate. A lot of people like the concept. They are really trying to change the world a little. Management has a pretty good pedigree. They’ve raised some money and the growth is there. Unfortunately, customer acquisition costs are quite high. He isn’t really excited about this and wouldn’t expect a whole lot of profits for a couple of years. Maybe a better stock down the road.

(A Top Pick Aug 5/15. Down 21.47%.) A complicated story and difficult for people to understand. This is based on the possession and use of gold to undertake transactions for goods, and set up arrangements with MasterCard (MC-N) and other major card services. They are building subscribers. He still likes.

They have an ingenious system where you can store gold with them and attach a credit card to it. 250k registered people. He does not know if it will attract money laundering activities.

Has been adding to his holdings. He loves the concept. It is complete destructive technologies. This company has figured out a way to monetize physical gold that is stored around the world. Launched in April and have over 500,000 accounts now. Thinks the concept will continue to grow. They have no debt and it is growing quite fast.

This is alternative currency using gold deposits that can be used for transactions. The balance sheet is great. He wouldn’t buy just yet, but wait and see how they grow in terms of actual merchants that are accepting the product. Too early in the development of the company.

Very fascinating as an alternative payment system. Hasn’t really seen their financial history yet. The last quarter was actually fairly solid. Would like to see a couple more quarters to see how the users continue to come into their system, and also how much they use it. It is one thing to attract users, but another to really be using it. Has this on his radar screen.

Very interesting. When it first came out he just shook his head not thinking it would fly. But then they did a merger and there is some potential there for sure. Thinks this is going to be a very long-term story. Also, customer acquisition costs are very expensive because they have to convince you to join and have to give some giveaways. He wouldn’t be a buyer right now, but kind of likes what is going on. One to look at in perhaps 3-4 years.

They now have over $1 billion in terms of the value of the gold on hand. You are buying physical gold that this company is storing for you. They are also growing globally. Thinks the growth rate is going to be quite fast. He is interested both in the stock and what they are doing.