Goldmoney Inc. Introduces New Vault-to-Vault Metal Exchange FeatureSep 17, 2019
New Vault Exchange tool allows clients to exchange metals between locations on the Goldmoney global vault network
TORONTO – (September 17, 2019) – Goldmoney Inc. (TSX:XAU) (US:XAUMF) (“Goldmoney”) (“the Company”), a precious metal financial service and technology company, today unveiled a new tool that allows clients to securely and effortlessly exchange their metals from one vault to another on the Goldmoney global vault network.
Goldmoney Holding clients can now exchange some or all of their metals from the source location to a new geographic area with a vault operator of their choosing. The new tool further expands the versatility of the Goldmoney Holding platform, facilitating the secure and liquid movement of precious metals between any of our 15 vault locations in eight countries. Operated by our most trusted, world-class vaulting partners, Goldmoney offers clients unparalleled access to locations in North America, the United Kingdom, the European Union, Switzerland, and Asia.
“Following on from our recent addition of insured storage locations in Singapore and Frankfurt, we are excited to offer our clients a tool designed to allow them to cost-effectively transfer their metals to any of our growing number of locations,” said Goldmoney Chief Operating Officer, Paul Mennega. “We look to continue to refine and enhance our core storage offering in the future through the addition of new locations and new functionality.”
For a limited time, clients can exchange metals between vaults at a promotional rate of 0.5%. After the promotional period, the vault exchange fee will be 0.75%, matching the fee for metal-to-metal exchanges.
About Goldmoney Inc.
Goldmoney Inc. (TSX: XAU) is a precious metal focused company that safeguards $2 billion of assets owned by clients located in over 150 countries. The company’s activities include: sale and purchase of precious metals and their storage through Goldmoney.com, online jewelry retailing through Mene.com (TSX-V: MENE), coin and bar sales and purchases through SchiffGold.com, and gold and silver collateralized lending and borrowing through LendBorrowTrust.com. Through these businesses, Goldmoney provides its shareholders with long-term exposure to the precious metals. For more information about Goldmoney, visit goldmoney.com.
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This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “may”, “potential” and “will” or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. believes, expects or anticipates will or may occur in the future, is forward-looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.
Forward-looking information in this release includes, but is not limited to, statements with respect to: service times for transactions on the Goldmoney network; growth of the Company’s business, expected results of operations, and the market for the Company’s products and services and competitive conditions. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company’s operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company’s common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company’s operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company’s ability to manage rapid growth; competition; the ability to identify opportunities for growth internally and through acquisitions and strategic relationships on terms which are economic or at all; effectiveness of the Company’s risk management and internal controls; use of the Company’s services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company’s most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.