A new case for GOLDMONEY - formerly BITGOLD

Early in 2016 I discovered an online service, called BITGOLD, that allows members to save in an electronic form of gold. My basic understanding was that BITGOLD is a form of crypto-currency like BITCOIN, but backed by gold. Then in May, I decided to give BITGOLD a try after watching an interview of Rick Rule, the CEO of SPROTT USA. Since then, BITGOLD bought out a bullion bank called GOLDMONEY and named the combined companies GOLDMONEY Inc.

I have been impressed with the service for it's speed and accuracy in completing transactions. Depositing funds is a snap. As the funds are deposited, your gold is bought with the proceeds and deposited in the vault of your choice within 48 hours. My experience with the Toronto vault is that transactions and confirmations of the deposit are completed in just over 24 hours.

GOLDMONEY has a Golden Heart referral program for referring people to join the service. My personal referral link is Goldmoney.com/r/2QRkgb. Using this link to join GOLDMONEY may result in me getting as much as 0.511 grams of gold. The way it breaks down is this:

1. use the above link to join GOLDMONEY and I receive 0.011 grams
2. fund your GOLDMONEY account with at least 1 gram of gold within the first 72 hours of opening your account and I receive an additional 0.5 grams

A word of caution - the value of the GOLDMONEY account is updated approximately every 15 minutes with the latest gold price. Because of this, it is a very risky investment vehicle if your timing is wrong. An example is depositing cash into the account when the gold price up and then redeeming your gold at a lower price will result in a loss. However, if cash is deposited while gold prices are low and the gold is redeemed at a higher price will result in incredible gains. Let's say you use my link to join GOLDMONEY today, December 11, 2016, and use your credit card to deposit CDN $300.00. That will result in just over 6.09 grams of gold ( at a price of CDN $49.23/g.) being added to your portfolio. Let's say in February, gold gets up to CDN $59.00/g and you redeem your gold to your bank account, you would receive CDN $359.53 approximately for a profit of $59.53 in just two months. However, if the cash was deposited when gold is $59.00/g, the account would be credited with only 5.08 grams. If these 5.08 grams are then redeemed at $49.23/g will result in a loss of $49.91.

GOLDMONEY provides four ways for redeeming gold:

1. Bank transfer to your registered bank account
2. Prepaid GOLDMONEY branded MASTERCARD
3. Physical gold in the form of coins or GOLDMONEY patented cubes
4. To your GOLDMONEY Wealth Holding account

I have tried both the bank transfer and the prepaid MASTERCARD for redeeming my gold and found the prepaid card option to be the quickest. At some point I will try the redeem for physical metal. This option will take the longest to complete as the physical metal is shipped by insured mail.

GOLDMONEY has other features that are similar to BITCOIN. These features includes:

• the ability to pay merchants, that accept GOLDMONEY, in gold
• send payments, in gold, to others that also have a GOLDMONEY account
• may be both faster and less costly to send funds to family and friends, with GOLDMONEY accounts, than using traditional means like Western Union or bank transfer

The only concern I have with GOLDMONEY may not be a concern to others - there are two directors that were employed by Goldman Sachs. They are Josh Crumb, Chief Strategy Officer at GOLDMONEY, and Leslie Biddle. While at Goldman Sachs, Josh was the Senior Metals Strategist. Leslie spent 10 years at Goldman Sachs, where she was named Managing Director in 2004 and Partner in 2006. This may be a confidence booster for you as they come from the premier investment bank in the world. This is a concern for me as all the wars since 2001 has been a result of the Wall Street banking cartel headed by Goldman Sachs.

As world governments ramp up their printing presses to print more currency, the price of gold will continue to rise. Combine that with the very real prospect of negative interest rates, both real and effective, spread across the world, savings will loose it's value and purchasing power. So in the long term, physical gold and silver will preserve a person's purchasing power. GOLDMONEY provides a convenient way to save in gold (in electronic form) while preserving the ancient monetary capabilities but in a crypto-currency form.

Sign up for GOLDMONEY now and start saving in gold.