Type Public Industry Holding Company Founded 2001 | Traded as TSX: XAU Area served Worldwide Headquarters Toronto, Canada | |
 | ||
Key people Roy Sebag CEO
Josh Crumb CFO
John Butler Head of Wealth Services
Mahendra Naik Chair Audit Committee
Stefan Wieler V.P. Goldmoney Insights
Alasdair Macleod Goldmoney Insights
Darrell MacMullin CEO of Goldmoney Network Products Payment systems
Savings
Precious Metals Stock price XAUMF (OTCMKTS) US$ 2.37 0.00 (+0.21%)15 Mar, 4:00 PM GMT-4 - Disclaimer Subsidiaries BitGold, GoldVault Limited, Schiff Gold, LLC, BitGold Vault Inc., Net Transactions Limited Founders Roy Sebag, James Turk, Joshua Dale Crumb, Josh Crumb Profiles | ||
Goldmoney at baird co
Goldmoney is a global full reserved gold-based financial services company founded by James Turk, Roy Sebag, and Josh Crumb. The company operates under the Network, Wealth, Physical, and Insights subsidiaries which offer full reserve precious metal focused financial services encompassing savings, payments, wealth services, dealing, execution, custody, and research. Goldmoney Inc. was formed as a holding company following the acquisition by publicly listed BitGold Corp. of the Goldmoney business in 2015. The company subsequently changed its name to Goldmoney Inc. The company has over 1,400,000 clients and total customer assets of 1.8 billion representing 34.1 tonnes of gold making it one of the largest privately owned gold reserves in the world.
Contents
Max keiser report live w goldmoney s roy sebag josh crumb
Corporate affairs
Goldmoney Inc is headquartered in Toronto Canada and in Saint Helier Jersey. The company is listed on the Toronto Stock Exchange and has a market capitalization of $312 million as of February 27, 2016. GoldMoney Inc. investors and backers include Eric Sprott, Albert D. Friedberg, George Soros, Adam Fleming, and Canadian Banks Canaccord Genuity.
Goldmoney Network
Goldmoney Network is a self-directed gold payments and savings network based in Toronto, Canada. Users of the network may open personal or business accounts allowing them to save, spend, send, receive, earn and redeem physical gold bullion within the network. The company has stated that it is a full-reserve and gold-based financial service. Roy Sebag who is one of the founders invented and patented a gold settlement technology which is a ledger that collects and distributes real-time gold prices from bullion counterparties making it more accessible to buy and sell physical gold at the market spot price.
Goldmoney Wealth
Goldmoney Wealth is a worldwide precious metal custodian and investment firm headquartered in Saint Helier, Jersey in the British Channel Islands. Goldmoney Wealth allows its customers to buy, sell or hold physical allocated metal stored in high-security vaults located in five countries. Goldmoney also provides its clients with wealth services, trading and execution, custody, and research on macroeconomic market trends relating to financial markets. The company was founded by former Chase Manhattan banker and commodity forecaster James Turk in 2002. Turk has stated that the company's mission was to “establish a financial institution that would recognise gold's significance as a financial asset.” As of December 2015, the company has stated it looks after over 1.5 billion in customer assets held under bailment contract (company has possession but client retains property, full title).
Goldmoney Physical
Goldmoney Physical sells and distributes physical precious metal products including minted coins, bars and trademarked Goldmoney GoldCubes™ and 100 gram Goldmoney gold bars. These are available as a redemption option for Goldmoney clients with accounts or holdings and the general public who can purchase directly from Goldmoney's new physical division (previously SchiffGold). The division was formed following the acquisition of Peter Schiff's SchiffGold business based in New York, USA.
Goldmoney Insights
Goldmoney Insights® is a research portal available to Goldmoney clients providing objective and unbiased insights into prevailing market conditions and global macro trends affecting the world, markets, and culture. Goldmoney Insights research is led by Alasdair Macleod, Stefan Wieler, John Butler, James Turk, and Joshua Crumb.
Awards and Accolades
On March 2, 2017, Goldmoney was selected as the most innovative technology solution of the year at the 2016 Canadian Startup Awards. Following this achievement, Goldmoney was invited to participate in a roundtable discussion with Ontario Premier Kathleen Wynne and Minister of Finance Charles Sousa by the Private Capital Markets Association of Canada (PCMA). Having received the 2016 PCMA Corporate Finance Award, Goldmoney was chosen as an example private market success story and invited to join members of PCMA leadership team to discuss how the company has benefited from the private capital ecosystem in Ontario.