Goldmoney Completes 2nd Acquisition, Reports Record Quarter, & Gives Back to Users

Goldmoney today announced financial results for Q2 2017, revealing its second consecutive quarter of revenue growth (+25%).

The company has decided to reinvest in the platform and give back to Goldmoney Network users in two ways :

  • Reducing gold deposit, redemption, and vault-to-vault exchange fees by 50% (from 1% to 0.50%) for both Personal and Business users, which makes Goldmoney the least expensive route to physical gold by a wide margin. Gold transfers and gifts remain free on the network, and storage up to 1,000 grams will continue to be provided without charge.
  • Doubling bonus gold payouts for user referrals via the Goldmoney Golden Heart Program: Goldmoney Personal users can now earn two times the bonus gold through the Golden Heart program when those who they invite to join the network make a deposit of 0.1 grams or more within the first seven days of signing up.

You can view the full release here.

Goldmoney also announced the completion of its second acquisition since becoming a publicly traded company in May 2015. The company has successfully acquired Schiff Gold LLC, including all intellectual property and operating assets, and has entered into a Marketing and Service agreement with Peter Schiff. Acquiring Schiff Gold significantly advances Goldmoney’s position in the physical side of the gold business, where it continues to grow market share.

Keep an eye on Goldmoney as they are clearly on the move.

 

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