Founded in 2001, Goldmoney is a TSX listed company invested in the real economy. The leading custodians and traders of precious metals, Goldmoney Inc. also owns and operates businesses in jewellery manufacturing, coin retailing, and property investment.
We believe there are two economies. The real economy, which produces real things in cooperation with the natural order, and the service economy, which depends on the real economy to render a service or produce goods. Gold by its very nature is a product of the real economy and the premier money of both.
In societies where money is not gold, the greatest risk and opportunity in any investment process is monetary debasement. In such an economic environment, we believe that sustainable and concrete returns can only be achieved through structural exposure to the real economy.
Our name reflects this central philosophy, and our business activities are all tethered to the flourishing of the real economy in their own unique way.
We are a balance sheet driven company focused on returns on tangible capital and opportunistic investing. Our Board of Directors and Management Team is led by seasoned investors with over a century of combined interdisciplinary investment experience.
Precious Metal Trading and Custody
(100% Ownership)For 22 years, we have operated Goldmoney.com, the premier precious metal custody and investment platform, serving clients in over 100 countries and safeguarding $2.1 billion in assets. This business segment produced $87 million in revenue and $15 million in operating earnings in Fiscal 2023.
Precious Metal Coin and Bar Retail
(100% Ownership, 50% Profit Share)Through SchiffGold.com, we operate one of the leading D2C precious metal coin dealers in North America. For 13 years, SchiffGold has been trusted by tens of thousands of precious metal investors. The business segment produced $180 million in revenue and $1.6 million in operating earnings to Goldmoney Inc. in Fiscal 2023.
Jewelry Manufacturing and Retail
(36% Ownership)In 2018, we founded Menē (TSXV:MENE), a luxury jewelry brand offering 24 karat gold and platinum jewelry priced by gram weight. Menē has disrupted the jewelry industry with a vertically integrated business model that produced $27 million in annual revenue and $0.5 million in EBITDA in Fiscal 2023.
UK Property Investment
(100% Ownership)In 2023, we began investing in the UK property market through the establishment of our wholly owned subsidiary Goldmoney Properties Limited. Our multi-decade experience in precious metals markets helped shape our property investment philosophy. Our objective is to produce investment returns in excess of gold over the medium to long term by investing in low-risk property assets with secure long-term income streams. We currently own one property totaling 219,000 sq. ft. (GIA) that produces $4.3 million in net rental income per annum.
Please visit SEDAR to access Goldmoney Inc.’s public filings and financial reports.
Goldmoney Inc. has one class of shares and no debt. There are currently 13,781,491 issued and outstanding shares as of September 13, 2023. The company founders including members of the board of directors own roughly 40% of the outstanding shares.
Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney” or the “Company”), today announced financial results for the financial quarter ended June 30th, 2023. All amounts are expressed in Canadian dollars unless otherwise noted.Financial HighlightsGroup Tangible Capital of $143.5 million, an increase...
Read MoreTORONTO – (June 26, 2023) – Goldmoney Inc. (TSX: XAU) (US: XAUMF) (“Goldmoney” or the “Company”), is pleased to report that further to its press release of June 13, 2023 announcing the Company’s real assets investment strategy, the Company’s subsidiary Goldmoney Properties Ltd. has completed...
Read MorePlease click here to read our 2023 Shareholder Letter.
Read More
For items related to the duties and responsibilities of the Board, you can contact:
Goldmoney Inc.