Thursday 30 June 2016






The GoldMoney

 Revolution 

 

Free For All


 

 

  What if there was a way for 'We, The People' globally to acquire pure physical gold easily, cheaply and securely utilizing the power of the web. Well, GoldMoneys stated mission is to democratize global access to real physical gold for stable savings, and to make gold useful in transactions (from micro up) using the Internet or mobile phones, and at point of sales with a free MasterCard debit card.


Folks, it’s free to join, easy to fund in any amount, secure, offers the lowest price to buy/highest price to sell, actual allocated 99.95% plus pure physical deliverable gold, with 24/7 liquidity, a free MasterCard debit card for purchases, and all this with the lowest fees in the industry!

If that's not truly 


then I don't know what is.

 


“We are excited to unveil the GoldMoney platform, an architecture and technology that’s taken years of careful planning and execution, which now allows users to seamlessly use gold again as a store of value and medium for payments,” said co-founder and CEO Roy Sebag.

“As a global asset, gold is recognized in nearly every culture as a long-term protector of value, but has been a poor medium of exchange compared to the advances in money technology,” Sebag said. “We felt that gold needed the modernization and mobilization that’s now happening in the global payments revolution. We have built a financial services platform that is as close to being counterparty-free as possible, enabling economic transactions within the existing global financial system to be settled in full reserved gold bullion.”




Hello Everyone,

I'm sure you're wondering what in the world is 'The GoldMoney Revolution, and how is it ‘free for all’, right? 

This looks to me to be important, (nothing is for sure about the future, of course) so giving good attention should be very worth your while. 

I feel strongly, as I hope you do also, that the current global financial system is monstrous, in that an impure, debt based ‘fiat’ system like the one we have necessarily encourages widespread over-indebtedness (essentially debt slavery) of the 'common' people, to the great financial advantage of the power elite. 

The key issue in this situation that is not well understood happens to involve GOLD at its centre, which is what we will be addressing here.



Background

For a system like our current one to function it needs the ‘debt based fiat' currency to be accepted, not just as a means of exchange, (which is the only true role of a currency), but also as the markets 'store of value' (SOV), which historically has been the role of gold. (a means of saving ‘value’ for longer term future use) To accomplish this the ‘elite’, through the misuse of gold paper derivatives (futures, gold certificates, hedges, etc), both suppresses and makes volatile the gold price. This destroys the critical trust that Gold will be able to hold its value over time, which a SOV needs to do. That effectively blocks gold from acting as the store of value, which opens that role up to ‘fiat’. (which is of course the whole point of the exercise)

Those same elite know this whole situation is a con job which greatly distorts natural market structures, and is therefore destined to eventually fail, so while they themselves hold plenty of gold secured quietly away in vaults and have their private banks (so called central banks) hold lots of gold as reserve assets, they at the same time discourage physical gold ownership for the common people, both with propaganda (it doesn't pay a dividend, is useless, etc) and physically by making sure it is not widely easy to acquire and outlawing its use as a means of exchange, while at the same time encouraging paper gold which they easily control (which also sets the physical gold price).

So what does this have to do with this GoldMoney, thing, you ask? Lets find out;

There have been a number of attempts to provide a net-based physical gold purchase, storage, and digital trading platform for the modern era, but none of them were really successful. They all had some major weakness; like they were kind of 'fly by night', or had clunky relatively expensive wire transfer account funding good only for large players, or didn’t provide for taking delivery, or that the gold delivery was only available in large quantities. And none of them provided a means to make point of sale consumer purchases. 

Well, folks, I’m happy to be able to say, (drum roll) - its finally arrived - I’m very pleased for you to meet:





“We are excited to unveil the GoldMoney
platform, an architecture and technology that’s taken years of careful planning and execution, which now allows users to seamlessly use gold again as a store of value and medium for payments.”
 Co-founder and CEO Roy Sebag








- Well financed? - check

- Strongly backed? - check

- Publicly traded transparent company? - check 

- Officially registered Canadian precious metals dealer? - check

- Pure allocated physical gold? - check

- Secure? - check

- No counter party/bail-in risk? - check

- Free and easy online account setup? - check

- Lowest fees? - check

- Free gold storage? - check

- Multiple act. funding options (bank/Interact/credit/debit cards etc)? - check

- Multiple free international insured gold storage locations? - check

- Buy/sell/send any amount of gold with 24/7 liquidity? - check

- Deliverable pure physical gold in small or large amounts? - check

- Free debit card for global point of sale transactions? - check 

- No currency conversion fees? - check

- Frequent physical gold audit by major accounting firm? - check

- Make and receive instant payments of any size? - check 

- Free Affiliate program available? - check







QUICK GoldMoney FACTS:

- GoldMoney is a very secure, officially certified, Canadian government regulated, digitally based, precious metals dealer and financial platform where your money is denominated in physical gold. It’s like any other bank account in that you can deposit money that is converted at the current rate for gold, and you can spend it in any currency or transfer/take delivery of it as gold. 

- GoldMoney is not some fly by night operation. It is a strongly funded and backed (Soros, Sprott, Sandstorm, Dundee, Clarus etc) publicly traded company.


- GoldMoney is not a pseudo, cloud, or crypto currency. It is real, allocated physical 99.95% + pure gold securely stored, individually allocated and reserved in your name, in insured Brink’s vault depositories located at your choice in Zurich, Hong Kong, London, Singapore, Toronto or Dubai. It is 100% insured.

- The gold belongs to you. GoldMoney does not re-hypothecate, hedge or otherwise pledge your gold for any reason at any time. It’s your gold, period.

- You can think of GoldMoney as like PayPal but denominated in grams of gold. You can transfer or receive gold with any other BitGold user. You can spend it in local currency anywhere with a free MasterCard debit card.

- Due to American financial regulations, GoldMoney cannot be used for transactions by US residents. (but they can buy/sell/take delivery)

- GoldMoney is issuing free MasterCard debit cards for account holders. 

- GoldMoney offers the most competitive rates in the industry for buying and selling gold (new 0.5%), and is the only platform that allows users to purchase point of sale merchandise from their gold account (free debit card) wherever credit/debit cards are accepted. (not available in USA due to anti gold regulations)

- GoldMoney maintains a stock of gold in their own account. When an account holder wants to buy or sell gold, they buy from or sell it to GoldMoney at the current official spot price of gold. GoldMoney charges a very low 0.5% fee for either buying or selling gold or receiving payments. That’s how they make their money. GoldMoney doesn’t charge anything for sending/receiving from one account holder to another or for storage.  For the account holder GoldMoney offers the lowest price available anywhere to buy gold, and the highest price to sell gold with 24/7 liquidity.

- GoldMoney account holders may deposit money into their account via Bank Wire transfers, bank account, credit or debit cards, China UnionPay, Interac or SEPA. Accounts offer the highest military grade security. The gold is purchased with U.S. dollars (because that’s how physical gold is traded globally) but note that GoldMoney charges no currency conversion fees. 

- The company’s financial statements and stored gold are regularly audited by major international accounting firm Price Waterhouse Coopers.

- GoldMoney account holders may sell gold and transfer money back out of their account at any time based on the current price of gold. Should account holders want physical gold, they can take delivery in either 10-gram cubes or 1-kilo bars. There is a small, about $25 CAD, redemption for either the 10-gram cubes or 1-kilo bars (plus shipping fee for cubes only).
             
- GoldMoney has no counter party/bail-in risk. You own the gold. It’s yours. Every gram of gold in your account is your property: fully reserved, allocated, and redeemable under Bailment Law in Canada as per the Customer Agreement.

- There are no gold bullion storage or insurance fees. (zip/zilch/nada)

- The only fees for physical delivery are the $25 CAD redemption fee (plus shipping for gold cubes).

- GoldMoney is not a securities dealer or financial institution. It is a registered precious metals dealer and provides many valuable advantages/services available nowhere else, at very low cost. When the banking system crashes, your gold is safe. No bail-in is possible and there is No counter-party risk.

- The safest way to own gold is to hold it in your hands. GoldMoney is the second safest way to own gold.

- Governments around the world have declared a war on cash. With GoldMoney you have the benefit of having access to your money in the form of gold. You effectively have cash without having cash. Very cool.



I feel certain that GoldMoneys’ unique and valuable service is going to be very successful.

 Why would anyone who learns about GoldMoney not sign up? After all, it’s free to join, easy to fund in any amount, completely secure, offers lowest prices to buy/highest price to sell/transfer actual allocated 99.95% + pure physical deliverable gold, 24/7 liquidity, and all this with the lowest fees in the industry! 

Meet the ‘new Paypal’, folks. 
  

Monday 27 June 2016

More GoldMoney


GoldMoney OVERVIEW



A new public company called GoldMoney has launched an international net based software digital payments platform that connects personally allocated and insured physical gold stored in real-world secure, insured vaults with online payment networks, and soon a free debit card for global point of sale purchases. 
GoldMoney is a TSE-V (xau.v) listed Canadian corporation with offices in Toronto and Milan. It offers a global network of secure vaults for gold storage, operated in partnership with The Brink’s Company, a global leader in security-related services for banks, retailers and a variety of other commercial and governmental customers. Users have multiple choices where in the world they want their gold physically stored. 
The company’s financial statements and stored gold are regularly audited by Price Waterhouse Coopers. GoldMoneys' stated mission is to democratize global access to real physical gold for stable savings, and to make gold useful in transactions (from micro up) using the Internet or mobile phones and soon at point of sales with a free debit card.

ACCOUNTS

Customers can fund their accounts with local-currency by bank account, debit card, SWIFT, Visa, MasterCard, Interac, SEPA, UnionPay, Discover, American Express and others, even including Bitcoin, and also using a network of ATMs.

New users are provided with an easy to use, secure vault account to;

  • purchase/sell/receive any amount of physical gold at current official spot price (plus 1% fee) globally 24/7,
  • the ability to make and receive instant payments, from micro on up, globally 24/7
  • a free debit card now available for normal purchases at traditional points of sale in local currency,
  • provided choices for free international secure, insured vault storage provided by Brinks
  • importantly, users can even take delivery of physical gold at any time (nominal $25 redemption fee. Shipping fees apply for 10 gram cubes, free for 1000 gram bars)
  • gold can be delivered in 10 gram cubes, 1000 gram bars, and even by the ton (for the biggies - you know who you are)



GENERAL
GoldMoney is now partially available to U.S. residents.

Though GoldMoney emphasizes that it is not a crypto currency,  there are some similarities. The GoldMoney platform allows for the quick settlement of gold trades so that a users gold is easily acquired and accessible across various payment networks such as bank account, debit card, SWIFT, Visa, MasterCard, Interac, SEPA, UnionPay, Discover, American Express and others, even including Bitcoin. 
The GoldMoney payment fees for buying, selling physical gold and receiving payments, at 1%, are lower than other alternatives. Sending payments and all gold storage are free. Thus, GoldMoney provides some of the advantages of Bitcoin payments – faster and cheaper digital cross-border transactions – combined with the advantages of physical gold as a store of value, and could be seen as a ‘Paypal like’ system for gold. 
The GoldMoney website states that the company views its gold transactions as a modern secure payments option for a world that is increasingly digital, and it has implemented high security features to protect users’ accounts and identities, such as commercial grade vaults secured by Brinks, full insurance with Lloyds of London against theft or loss, military-grade encryption (RSA 4096 and AES256) to secure users’ accounts and personal information, and bank level multi-factor authentication measures.
GoldMoney offers the most competitive rates in the industry for buying and selling gold, and is the only platform that allows users to purchase point of sale merchandise from their gold account (free debit card) wherever credit/debit cards are accepted.




From the GoldMoney website:

9. WHAT IS A BAILMENT?
9.1
A "bailment" occurs when a person (the "bailor") delivers personal property into the possession of another person (the "bailee") for safekeeping but retains legal title to the property. The bailee (the person who has possession of the goods) holds possession of the property on the understanding that the property will be returned to the bailor (you) once the bailment relationship is terminated according to the bailor's (your) instructions.
9.2
In the case of your BitGold account, the gold in your account is held by BitGold as bailee, which means that you retain legal title to your gold but that you have asked BitGold to maintain possession of your gold on your behalf until such time as you redeem your gold.
9.3
Since you retain legal title to your gold, if, due to unforeseen circumstances, BitGold were to become insolvent or bankrupt, the insolvency or bankruptcy of BitGold would not affect your property rights with regard to your gold in a BitGold account.


What’s not to like here, folks? Why would anyone with a heart beat who learns about GoldMoney not sign up? After all, it’s Free to join, easy to fund in any amount, secure, offers the lowest price to buy/highest price to sell actual allocated 99.95% + pure physical deliverable gold, with 24/7 liquidity, a free debit card for purchases, and all this with the lowest fees in the industry!






Wednesday 15 June 2016

FOR INVESTORS





If you ask me, (hey I know you didn’t but I’ll tell you anyway since it’s my site ha ha, and I expound on my reasons below) it is my firm contention that GoldMoney offers investors a very low risk, very high potential return on share purchases.

What follows is why I feel confident saying that:


- GoldMoney is a new, well financed, debt free, strongly backed publicly traded Canadian company.   TSX - (XAU)


- You have to admire the founders. They could easily have listed GoldMoney years ago as an ‘if, maybe, could, should, eventually, forward looking statements’ type of speculation, but they waited until they had all the duckies lined up and quacking before launching the stock. I’m sure co-founder and CEO Roy Sebag risked millions of his own money setting everything up. And he’s the biggest investor with 51% of the shares. (is he a future billionaire?) GoldMoney is a happening open for business going concern as we speak! 

- The necessary substantial investment in people, structure, security, digital platform, proprietary patent pending trading software, secure gold vaulting/shipping/auditing contracts, multiple account funding financial linkages, etc etc has already taken place and been funded. So that has already been de-risked. And remember, some of these issues were too difficult to solve for others who tried this.

- The structure and platform, carefully developed over many years, as I see it is very well designed to facilitate a virtually unlimited number of customer accounts globally. It enjoys all the benefits of net based businesses that made success so huge and fast (Amazon, Google, EBay, PayPal etc) It is very scale-able (easily expandable to meet demand). Every new customer is less expensive to support than those that joined earlier. Along with its many other positive attributes adding value, the low fee structure and no minimums or maximums for account funding/gold purchases means to me that it should have a very wide appeal. 

- In this age of global economic and financial crisis/uncertainty, with bank account bail-ins (realized and potential) and high counter party risks, it seems rather likely that the unique, inexpensive and high quality service offered by GoldMoney will be in big and growing demand, not so?

- Anyone who can/has opened a bank account will be easily able to open and fund a GoldMoney account

- GoldMoney is available globally (except sanctioned countries).

- MasterCard Debitcard now available (free)

- Thinking just of China, for example, (whose citizens are strong physical gold advocates and where gold export is forbidden), how many Chinese citizens will be interested in having access to a free GoldMoney account with low fees funded easily through China UnionPay, facilitating holding gold outside the country (secure, deliverable and spendable anywhere on the planet)? Many many millions, in my estimation. Not to mention Indians, Asians, Japanese, Europeans, and everyone else. (Note that PayPal, with many similarities to GoldMoney, has hundreds of millions of accounts!)

- As I’ve said before, what’s not to like here, folks? Why would anyone with a heart beat who learns about GoldMoney NOT sign up? After all, it’s free to join, easy to fund in any amount, secure, offers the lowest price to buy/highest price to sell actual allocated 99.95% + pure physical deliverable gold, with 24/7 liquidity, a free MasterCard debit card for purchases, and all this with the lowest fees in the industry! Now I feel I’m far from naive, so I don’t underestimate the limitations of the common man, which means many will fail to see the major advantages of opening a GoldMoney account, (let alone buy the shares) but at the same time you must admit that given the obvious tremendous value here, many many will.

- The free optional affiliate program is icing on the cake. It helps ensure a more rapid growth. (Affiliates earn gold from GoldMoney for each referral that opens an account.) Already I have come across 3 separate articles on GoldMoney, and I wasn’t even looking. Not to mention banners. And that’s after only 2 weeks since the startup! So word will quickly spread.

- Remember GoldMoney has no real effective competition in their field. Amazing when you think about it, really. It doesn’t seem possible, but that’s the undeniable fact of the matter. They have simply found a way around the barriers, where others failed.


POTENTIAL
So what realistically is the potential here, you may ask. I did a really quick, back of the envelope guesstimate. (do your own due diligence) Here is my Guess: Average annual turnover for every customer - I come out with a possible average of $100/yr in fees. (Note, thats the average - some will be more/much more and some less) Now that’s maybe not unrealistic, given that PayPal is said to be worth $80 per customer, and if you ask me the average GoldMoney customer could easily do more than the average PayPal customer. So for each 1 million customers, GoldMoney might be worth 100 million dollars (or even conceivably more). Divide that by say 40 million shares and you get $2.50/share x how many million customers you think GoldMoney could deliver over a reasonable time?

Remember PayPal quite quickly generated umpteen million and now has hundreds of millions! I just found out that GoldMoney signed up 10,000 accounts in the first week (4x more than hoped for) And that’s with no advertising and not much time for affiliate promotion, Get the picture? Lots and lots of realistic potential.

ACCOUNTS UPDATE

Sept 15 - 170,000 acts

Dec 15 - over 500,000

Mar 16 - over 800,000 and $1.7 Billion Gold in accounts

Jun 16 - over 1,000,000 

Sept 16 - over 1,250,000

And remember China! That alone is a company maker, isn’t it. ha ha ha


CONCLUSION

IMHO, this is an amazing opportunity, as both a GoldMoney customer and investor. GoldMoney is the right product at the right time at a great price, no? Is there some theoretical risk? Maybe, but likely only very short term. Price should only trend higher over time as the customer base builds and the word gets out. It’s surely not a matter of whether GoldMoney will be a success, the only real question is how big? To me, investing in shares of this company is a no brainer. It’s like getting a tiny piece of gold every time a GoldMoney account holder makes a transaction, in perpetuity! And in the case of a financial fiat ‘Reset’, it only gets many multiples better, doesn’t it?

PS: All this should happen with the gold price somewhere around here (which at $1200/oz is about the average mining all in cost of production, which should provide a floor for anything but a short term panic fall) What happens if gold should happen to rally strongly? Not to mention the 'reset', hey!




Note: I’m not a financial/investment advisor. I’m a speculator who believes in physical gold in personal possession and owns GoldMoney shares. Do your own due diligence. 

Sincerely;

Don


Monday 13 June 2016

A Quick Look At Why GOLD and Why NOW?


 




Last (but maybe not least) a short piece on Gold. For the deepest, most thorough exposition I have found, (and believe me I’ve looked) on ‘why gold, and why now’ I can most highly recommend THIS post and also be sure to check the whole site out. Beautiful. But that will take a while, as it is rather long. For here and now, try this. 

Nearly everyone, most quite erroneously, think they know about gold, or at least enough. (It’s an expensive precious shiny metal, used for jewellery and collected as coins by enthusiasts and ‘gold nuts’, the wealthy have some as diversification, in the olden days gold coins were used as currency, the price increased a lot for a while but lately not so much. You can invest in risky gold mining shares.) Like that, right? What more could anyone possibly need to know? It’s just rare shiny metal.

As BitGold points out here;  Why Gold?, physical gold has, because of it’s many properties; (rare, robust [inert], divisible, fungible, hoardable [as not used for much], hard to imitate, of known quantity, widely held, used by the wealthy/central banks as a reserve asset, etc etc) throughout all known history has perfectly provided society a long term store of value (SOV). In doing so it has supported and promoted trust and cooperation between people to the advantage of all. Very few people outside of high finance realize the importance to society of a perfect SOV. All advanced societies need something into which savings can be safely kept and maintained over long timeframes, don’t they? Both for each generations old age and, for the wealthy even into future generations. Although other things also are used in that role, like land, antiques, art, etc none but gold have all the qualities necessary to do so perfectly. Fulfilling this critical role, along with its being quite rare and therefore needing a great deal of energy to find, mine, process, and distribute, has meant that gold possesses a high value for society and has been priced accordingly.

Now we come to the modern ‘debt based fiat’ era and its associated problems, both economic and financial. In a nutshell, I can say that the main issue is that an impure debt based ‘fiat’ system like the one we have (one that suppresses and makes volatile the gold price and through the misuse of gold paper derivatives blocks gold acting properly as a store of value) engenders instability by both widespread over-indebtedness and mis-pricing of real assets (real estate, stock, bond, art, antiques and collectable bubbles, anyone). This leads to many highly problematic systemically threatening crisis. 

The key issue in this situation that is not well understood happens to involve Gold at its centre. For something to be able to act well as a long term SOV it necessarily needs to have its value be stable and at the same time be responsive to destabilizing events. The main conditions necessary to accomplish that have been found to be twofold - that it be widely held and also freely traded in its physical form. 

Now we get to the tricky part, so please pay especially close attention. Although physical gold is generally traded freely most everywhere, a process has developed gradually over fairly recent times which enables those who most profit from the debt based fiat system to subvert gold from playing its role as the SOV. That process, gradually increasing in scope over recent centuries, has really been perfected in the last 50 or so years.

To explain this properly would take too long here (that's why I gave the link to the FOFOA site above ) but suffice to say that the current ability to trade non physical (paper) gold in the futures market without full physical backing (selling short without needing to hold physical gold), creates both price suppression and price volatility. And that in turn destroys golds ability to act as what it historically has been, a perfect SOV, because those two factors impair the necessary ‘trust factor’ needed by a store of value. This is by evil design, BTW, because what this then supports and encourages is that ‘fiat’ currency takes on the role of the ‘store of value’ (and falsely gains thereby) which it should not, because, unlike gold, it doesn’t possess all the properties necessary to fulfill that role properly, and will eventually fail. The bottom line is that because of this manipulated and distorted false fiat financial setup, we have a very problematic unstable global economic/financial system which is doomed to catastrophic failure sooner or later (soon now IMHO). 

Any time you have widespread long-term ‘interference’ in natural free human exchange/trade (usually effected through government edict/laws/regulations) what is engendered is mis-pricing market distortion (assets become either grossly over or under valued). This happens to allow for those few who recognize the opportunity created, to position themselves properly to profit (sometimes greatly) when the fundamental natural market process reasserts itself, as it always does eventually. This time when that happens (called by some the ‘Reset’) GOLD, whose price has been long and greatly suppressed because, as we just briefly described, it has been prevented from exercising its historically proven role as global store of value ‘par excellence’, will suddenly be ‘repriced’ in the marketplace to its natural real value, which is MUCH MUCH HIGHER, as it regains its true value operating as societies main SOV. 

(BTW, knowing this is why the power elite, both individually and collectively through central bank gold reserve holdings, always keep lots of physical gold safely and quietly stored away for themselves) 

If this short exposition happens to indeed be in fact true, it means that anyone with the power of correct knowledge and the foresight to properly position themselves (by accumulating physical gold at the suppressed price), will benefit greatly after the system ‘resets’ to its real/natural free trading condition. This is destined to happen at some point because natural market forces cannot be suppressed forever. That’s my strongly held perspective and I am positioned accordingly, and will remain so. Folks, for the little guy, opportunity like this knocks rarely. 

As I said to a friend when discussing, “If there were ever advantageous times to own gold, this surely one of the best”. Full stop.

That about covers it, I think? Good enough for me, anyway! Go Gold! Go BitGold!