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
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
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
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 two properties totaling approximately 280,000 sq. ft. (GIA) that produce $6.9 million in net rental income per annum.
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Financial Reports & Regulatory Filings
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.
Latest Company NewsNov 7, 2023
Goldmoney Inc. Reports Financial Results for Second Quarter of Fiscal 2024 for the period ending in September 30, 2023
TORONTO – (November 7, 2023) – Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney” or the “Company”), today announced financial results for the financial quarter ended September 30, 2023. All amounts are expressed in Canadian dollars unless otherwise noted.Financial HighlightsGroup Tangible Capital...Read MoreSep 27, 2023
Goldmoney Inc. Announces Sale of Schiff Gold LLC and Intention to Cancel Securities
TORONTO – (September 26, 2023) – Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney” or the “Company”), today announces that it has signed a binding term sheet (the “Term Sheet”) with PDS Family Hycet Trust (the “Purchaser”) to sell all of its membership interest in its wholly-owned...Read MoreAug 11, 2023
Goldmoney Inc. Reports Financial Results for First Quarter of Fiscal 2024 for the period ending in June 30, 2023
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 MoreAll News Articles
Roy Sebag - Chief Executive Officer, Director
Alessandro Premoli - Chief Technology Officer
Mark Olson - Chief Financial Officer
Paul Mennega - Chief Operating Officer
Investor RelationsPlease contact [email protected]
Corporate AuditorsKPMG LLP
333 Bay St. #4600
Toronto, ON M5H 2S5
Board of Directors
James TurkLead Director
Roy SebagChief Executive Officer, Director
Mahendra NaikDirector, Chairman of Audit Committee
Audit & RiskCompensationNominating & Governance
James TurkMember Member
Stefan Wieler MemberChair
Corporate Governance Charters and Policies
Board of Directors Contact
For items related to the duties and responsibilities of the Board, you can contact:Goldmoney Inc.
Attn: Goldmoney Inc. Corporate Secretary
334 Adelaide St. West
Toronto, ON M5V 1R4