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Report: Bitgold, Inc. Purchases for Nearly $52M
MONDAY,25 May 2015 The Domains
According to the news from Domain Forum of China on May 25th, BitGold has just acquired for CA$51.9 million (US$42.3 million), incorporating more than 135K of the website’s “gold bugs,” or gold-hoarding enthusiasts”.

“Founded in 2001 by James Turk…Goldmoney is a service that allows users to trade and safely store their gold assets, controlling over CA$1.5 billion worth of precious metals in their storage facilities.

GoldMoney’s “low cost storage” fees for gold ranged between 0.12% and 0.18% per year, deducted on a monthly basis from users’ accounts.

“With BitGold, users only pay a flat 1% fee for gold purchases, invoicing and redemption’s.”

Shares of BitGold have a 52 week high of 8.00 and a low of just 0.075 CAD closing at $4.65 CAD on Friday.

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