Goldmoney Stock Price

GadsillaGadsilla Posts: 78 Copper ✭✭
Thoughts on ''$XAUMF'' ? It keeps breaking support, it's at an all-time low so if it's isn't a collapse it'll likely rebound. RSI is 39, float is under 100m and trading volume is at around 20k, it's pretty empty. Thoughts on XAUMF ?
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  • nienie Posts: 27 Copper ✭✭
    Without looking at the stock price, there are a few big arguments against Goldmoney:
    1) Sometimes a very slow response.
    2) Roy is nearly only promoting MENE.

    However, there are more chances than risks:
    1) Mastercard (Goldmoney should promote this more)
    2) Keep your Gold/Silber outside of, for example, EU for a small fee
    3) People from the crypto currency community invest in Gold
    4) There are a lot of insider trades that buy Goldmoney stocks and nobody is selling them.

    To sum it up, I strongly believe in Goldmoney. The stock price would probably rise very fast in case of more marketing and promotion activities.
  • powslayerpowslayer Posts: 111 Bronze ✭✭✭
    Peter Schiff promoted goldmoney on the Joe Rogan show and they were backed up for months causing many negative reviews. I think the demand is so large for this platform that they can't promote it on a large scale until they are done building out the infrastructure to handle the inflow of new users.
  • powslayerpowslayer Posts: 111 Bronze ✭✭✭
    as far as share price goes Roy has said that he wants the shares to be as rare as gold. If gold ever does make a multi year run I think a market cap north of a billion dollars is possible that would put shares over 10 dollars. In a perfect storm a 10 billion market cap and shares are over 100 dollars!!! then I retire 😎
  • nienie Posts: 27 Copper ✭✭
    100 dollar per share would bring you all a free beer, too (I will pay). :D
  • frankgoldfrankgold Posts: 1 Tin ✭
    I joined years ago (2014?) but it looks like this concept never took off. That Goldmoney joined crypto hype in late 2017 tells you a lot.
    They will have to close down or merge soon (again).
  • nienie Posts: 27 Copper ✭✭
    The platform statistics show that GM grows slowly (but it grows). The tranaction volume is also relatively high. I think we just have to wait for the next Gold hype.
  • powslayerpowslayer Posts: 111 Bronze ✭✭✭
    well looks like earnings are a flop... now the long wait for June and the year end conference call. Owning this stock has been a great test of patience for me... also a complete disaster.
  • nienie Posts: 27 Copper ✭✭
    I do not get it. Why is the stock price falling? It is actually time for a big party. :|
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