Goldmoney Inc

XAU-T

TSE:XAU

2.28
0.03 (1.33%)
Goldmoney is a global full reserved gold-based financial services company founded by James Turk, Roy Sebag, and Josh Crumb.
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Analysis and Opinions about XAU-T

Signal
Opinion
Expert
BUY
BUY
May 16, 2019
He rarely talks about Gold. He thinks it is a strong sector bet. It is been out of favor for so long that mines have closed, productions have closed, mergers and acquisitions happened. Central Banks are now massive buyers of Gold. they want to get out of the US dollar. The Fed is not raising rates. The US dollars is threaten just because it has done so well. Demand is enhanced and supply is curtailed. Technically we are still at a point where nothing has happened.
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He rarely talks about Gold. He thinks it is a strong sector bet. It is been out of favor for so long that mines have closed, productions have closed, mergers and acquisitions happened. Central Banks are now massive buyers of Gold. they want to get out of the US dollar. The Fed is not raising rates. The US dollars is threaten just because it has done so well. Demand is enhanced and supply is curtailed. Technically we are still at a point where nothing has happened.
COMMENT
COMMENT
January 24, 2018

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.

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Goldmoney Inc (XAU-T)
January 24, 2018

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.

COMMENT
COMMENT
November 9, 2017

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.

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Goldmoney Inc (XAU-T)
November 9, 2017

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.

COMMENT
COMMENT
October 31, 2017

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.

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Goldmoney Inc (XAU-T)
October 31, 2017

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.

BUY
BUY
August 25, 2017

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.

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Goldmoney Inc (XAU-T)
August 25, 2017

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.

WATCH
WATCH
June 6, 2017

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.

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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.

WATCH
WATCH
March 27, 2017

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.

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Goldmoney Inc (XAU-T)
March 27, 2017

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.

COMMENT
COMMENT
January 18, 2017

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.

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Goldmoney Inc (XAU-T)
January 18, 2017

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.

PAST TOP PICK
PAST TOP PICK
August 19, 2016

(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.

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Goldmoney Inc (XAU-T)
August 19, 2016

(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.

BUY
BUY
April 28, 2016

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.

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Goldmoney Inc (XAU-T)
April 28, 2016

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.

COMMENT
COMMENT
January 22, 2016

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.

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Goldmoney Inc (XAU-T)
January 22, 2016

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.

WAIT
WAIT
January 15, 2016

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.

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Goldmoney Inc (XAU-T)
January 15, 2016

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.

COMMENT
COMMENT
December 9, 2015

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.

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Goldmoney Inc (XAU-T)
December 9, 2015

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.

DON'T BUY
DON'T BUY
November 19, 2015

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.

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Goldmoney Inc (XAU-T)
November 19, 2015

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.

COMMENT
COMMENT
October 16, 2015

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.

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Goldmoney Inc (XAU-T)
October 16, 2015

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.

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Goldmoney Inc(XAU-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Goldmoney Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Goldmoney Inc(XAU-T) Frequently Asked Questions

What is Goldmoney Inc stock symbol?

Goldmoney Inc is a Canadian stock, trading under the symbol XAU-T on the Toronto Stock Exchange (XAU-CT). It is usually referred to as TSX:XAU or XAU-T

Is Goldmoney Inc a buy or a sell?

In the last year, there was no coverage of Goldmoney Inc published on Stockchase.

Is Goldmoney Inc a good investment or a top pick?

Goldmoney Inc was recommended as a Top Pick by Paul Gardner, CFA on 2019-05-16. Read the latest stock experts ratings for Goldmoney Inc.

Why is Goldmoney Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Goldmoney Inc worth watching?

0 stock analysts on Stockchase covered Goldmoney Inc In the last year. It is a trending stock that is worth watching.

What is Goldmoney Inc stock price?

On 2020-07-10, Goldmoney Inc (XAU-T) stock closed at a price of $2.28.