The following is not investment advice, just a quick few personal observations.
A writer on Seeking Alpha just put out an outstanding article on Goldmoney the stock.
Read the full article : https://seekingalpha.com/article/4309550-goldmoney-low-risk-precious-metals-play
This is a very balanced article and both positive and negative points are brought up with respect to Goldmoney as an investment vehicle.
Perhaps the most important part of this article to me is the observation of just how cheap Goldmoney is. The author points out that Goldmoney shares are trading SIGNIFICANTLY BELOW BOOK VALUE.
https://www.investopedia.com/terms/b/bookvalue.asp
This means that you are not only essentially getting the company for free by buying the shares, you are getting it for -23% better than free.
Most of time a Company trades at a premium to book value. Buying shares at a price less than the breakup value of the company might be seen by some as a very very good deal.
Need some icing on that cake?
Goldmoney now pays a gold linked dividend based on the current gold price.
Coming off the best quarter in Company history there are some compelling reasons to take a close look at this stock as a long term vehicle for gold exposure.
Please take the time to read the full Seeking Alpha article for further detail:
https://seekingalpha.com/article/4309550-goldmoney-low-risk-precious-metals-play
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The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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