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• RocketDog Posts: 821 Silver ✭✭✭✭

  August 13

  Really cool about the dividend! And the earnings are impressive.

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• Goldmatters Posts: 4,068 Admin

  August 13

  I agree @RocketDog , very interesting policy to link the divi to gold

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• GoldNRoll Posts: 233 Bronze ✭✭✭

  August 13

  Congratulations for the great results!
  
  Quick question, how this works?
  
  "Currency Loans totaling $20.1 million of balance sheet capital extended to users against their pledged precious metals, earning interest rates ranging from 3.75% to 4.69%."

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• Goldmatters Posts: 4,068 Admin

  August 13

  @GoldNRoll I believe this is in reference to LBT: https://lendborrowtrust.com/

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• GoldNRoll Posts: 233 Bronze ✭✭✭

  August 13

  @Goldmatters
  
  That makes sense
  
  I just got the news:
  
  "LBT is pleased to announce that, in the most recent fiscal quarter, we have been fully acquired by Goldmoney Inc, a TSX-listed, precious metals-focused financial services firm."

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• GoldNRoll Posts: 233 Bronze ✭✭✭

  August 13

  ... and the numbers match
  
  https://content.goldmoney.com/news/wp-content/uploads/sites/6/2019/08/Goldmoney-IR-Presentation-August-2019.pdf
  
  "Lend & Borrow Trust (LBT) is an FCA regulated peer-to-peer precious
  metal lending service founded by James Turk and Eric Sprott.
  
  As part of our investment, LBT entered into an exclusive dealing and
  storage agreement with Goldmoney. This agreement means that LBT’s
  growth and success contributes to the growth of Goldmoney assets under
  custody and transaction fees.
  
  As of June 30, 2019, LBT has financed $20.1 million of fully reserved
  precious metal loans with a minimum interest rate of 3.75%."
  

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• Goldmatters Posts: 4,068 Admin

  August 13

  Good catch @GoldNRoll

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• GoldIsCurrency Posts: 1,818 Gold ✭✭✭✭✭

  August 14

  Decent financials. Good on the dividend.
  
  The good news is continuing beyond the quarter date. At the time of writing, the total of Goldmoney Inc.’s client assets and our balance sheet is approaching $2.2 billion, an all-time record.
  
  I am of the hopes Goldmoney could update their twitter account changing the "nearly" to "over". Goldmoney twitter account currently: Goldmoney is the world’s most trusted precious metals custodian. We safeguard nearly $2 billion of assets for clients in over 150 countries.
  
  Thanks.

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• GoldIsCurrency Posts: 1,818 Gold ✭✭✭✭✭

  August 15

  Seems like a simple and appropriate request to me. If we are holding over 2 Billion in assets then why advertise ourselves for less than what we are? I would like to see this get done. Pretty please with a cherry on top??
  

  GoldIsCurrency said:

  Decent financials. Good on the dividend.
  
  The good news is continuing beyond the quarter date. At the time of writing, the total of Goldmoney Inc.’s client assets and our balance sheet is approaching $2.2 billion, an all-time record.
  
  I am of the hopes Goldmoney could update their twitter account changing the "nearly" to "over". Goldmoney twitter account currently: Goldmoney is the world’s most trusted precious metals custodian. We safeguard nearly $2 billion of assets for clients in over 150 countries.
  
  Thanks.

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• GoldIsCurrency Posts: 1,818 Gold ✭✭✭✭✭

  August 20

  All fixed up now. Thank you Renee for getting this done.
  
  Goldmoney is the world’s most trusted precious metals custodian. We safeguard more than $2 billion of assets for clients in over 150 countries
  
  

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• RocketDog Posts: 821 Silver ✭✭✭✭

  August 20

  Thank you @GoldIsCurrency !

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