GoldMoney
Goldmoney is a financial services company based in Toronto, Canada, specializing in precious metal investment. Founded in 2001, it has established itself as a global leader in the sector, boasting the world's largest precious metals payment network. The company safeguards nearly $2 billion in assets for clients across more than 150 countries, aiming to democratize access to gold and other precious metals through innovative technology. Goldmoney's primary offering is the Goldmoney Holding, an online account that allows clients to invest in, earn from, or spend gold, silver, platinum, and palladium, all securely stored in insured vaults worldwide. Additionally, Goldmoney is involved in precious metal sales, delivery, storage, coin retailing, and lending through its various subsidiaries, operating under three main segments: Goldmoney.com, Goldmoney Properties, and Corporate and Other.
Lend & Borrow Trust Company
Acquisition in 2019
Lend & Borrow Trust Company Limited, founded in 2014 and based in St Austell, United Kingdom, operates an online peer-to-peer lending platform that facilitates loans collateralized by investment-grade precious metals. The platform allows individuals and businesses to secure financing at lower interest rates compared to traditional banks by using their precious metal holdings as collateral. This approach not only reduces borrowing costs but also mitigates lending risks, as loans are backed by physically allocated precious metals. Additionally, the platform provides options for monthly interest payments and flexible loan repayment facilities, enabling borrowers to raise funds without the need to sell their metal assets. Lend & Borrow Trust Company Limited is a subsidiary of Goldmoney Inc. as of May 2019.
Mene Inc. is a jewelry company based in Toronto, Canada, specializing in the design, manufacture, and marketing of gold and platinum jewelry products. The company offers a wide range of items, including charms, chains, bands, earrings, pendants, rings, bracelets, and gifts under the Mene brand name. It operates a direct-to-consumer model through its online portal, allowing customers to purchase jewelry with a unique value proposition. Mene's mission is to reintroduce the concept of investment jewelry in the Western market, where a significant portion of the purchase price—between 80-90%—is attributed to the weight of pure gold or platinum. This innovative approach enables customers to buy, sell, and exchange their jewelry easily by weight, reflecting current market prices for these precious metals.
Schiff Gold
Acquisition in 2016
SchiffGold is a discount precious metals dealer that specializes in investment-grade gold and silver bullion. Founded in 2010 by investor Peter Schiff, the company aims to provide a reliable source of bullion for clients, particularly those seeking to safeguard their financial future against inflation and currency crises. SchiffGold offers a variety of services, including the buying and selling of precious metals, as well as storage and vaulting options. The firm distinguishes itself by focusing exclusively on liquid bullion products, avoiding the high markups associated with numismatic coins, and ensuring that customers receive transparent and competitive pricing.
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