BitGold Now Available in US! Why BitGold?

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Roy Sebag born June 28, is a contrarian investor, entrepreneurand writer. According to Robert J. Moriartywho met Sebag on a tour of a company they had both invested in, Sebag showed promise as an investor from a very young age and is an autodidact.

Sebag believes that financial events described in the black swan theory are not as rare as financial models predict. On July 23,Sebag authored a letter entitled "Reality Approaching" [9] where he discussed the housing bubble: I am not entirely sure as to how the economy will fare out roy sebag bitgold debit this cycle but I believe that it will be a long time before valuations are attractive again and our portfolio is positioned accordingly.

His investment thesis was predicated on the long-term roy sebag bitgold debit opportunity present in BP shares due to the Deepwater Horizon Oil Spill that occurred between 20 Apriland 19 September American Apparel is a perfect example of that.

Roy sebag bitgold debit of sexual harassment lawsuits, an auditor resigning and employees being deported — which all makes for great headlines but has nothing to do with consumers around the world wanting to go into the stores and buying the product.

In an interview with the financial newspaper Barron'sSebag argued that the legal overhang due to the short squeeze of Volkswagen provided a unique roy sebag bitgold debit to purchase shares of Porsche at a discount. He calculated the value of the shares at euros. InSebag formed Natural Resource Holdings, an asset consolidator of historically delineated natural resource deposits.

In an interview with Max Keiser roy sebag bitgold debit, Sebag explained that his view of financial markets and the economy changed following the financial crisis of —08and he began to develop a deep interest in gold. SinceSebag and his team at Natural Resource Holdings have been compiling and distributing a database of the world's largest gold mines. Following the financial roy sebag bitgold debit, Sebag met Josh Crumb, a senior metals strategiest at Goldman Sachsand the two developed the idea of a full-reserve banking gold-based financial institution.

This ultimately led to the formation and launch of BitGoldwhich subsequently became GoldMoney. In Roy sebag bitgold debitSebag published two patents for Systems Concerning Gold Commerce and Converting Digital Wallet Value to Physical Gold Bullion [18] According to the patent, the software system allows consumers with gold stored in one or more vaults to purchase goods or services using an electronic commerce system which calculates the quantity of gold to match the purchase price of the goods or services the consumer wants to buy.

The system then facilitates the transfer of ownership of the buyer's quantity of gold in the one or more vaults to the seller's vault which represents the payment for the good or service. The software allows consumer transactions to happen in continuous sequences, while the underlying medium of gold remains vaulted during and after the transaction unless the owner requests a transfer or withdrawal from its present vault. The software allows goods or services to be purchased electronically with gold that is stored in a vault.

In early Sebag began to study and write about the global jewelry market which contributes the majority of the world's annual gold demand 2, tonnes [20] far exceeding demand for gold investment coins. Following extensive travels to India, Asia, and Southeast Asia, Sebag recognized an opportunity in bringing the ancient tradition for jewelry being a store of enduring value and accessible savings to the West. In October ofhe founded Mene Inc. We retail our jewelry direct-to-consumer roy sebag bitgold debit a transparent and empowering online shopping experience.

On our website, customers can buy, sell, and exchange their jewelry by weight at roy sebag bitgold debit prevailing daily price for gold as quoted on the international bullion markets. Since the days of his investment partnership Sebag has consistently written what he calls roy sebag bitgold debit which outline his views on investing, economics, natural philosophy, and physics.

According to Max Keiserhe is "a gold philosopher" [23] that thinks beyond the discipline of economics. In March he began to publish a series of essays and think pieces. In March he published a 29 page essay titled: From Wikipedia, the free encyclopedia.

Retrieved 14 December Retrieved 12 May BitGold co-founder Roy Sebag explains company's philosophy". Retrieved 3 January Retrieved 24 June Retrieved 15 December Retrieved 20 December Retrieved 20 July Retrieved 23 June Retrieved 2 July Retrieved 3 April Collecting Metal Inner and Outer Worlds".

Retrieved from " https: Living people births Investors. Views Read Edit View history. This page was last edited on 16 Marchroy sebag bitgold debit By using this site, you agree to the Terms of Use and Privacy Policy. TorontoOntarioCanada.

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The Goldmoney Community is a great place to securely share and connect with other people that are passionate about the same things you are! Get your questions answered, share your ideas and feedback, start a discussion, and give back by helping others! Create your Goldmoney Community handle now to join the conversation.

Existing Goldmoney Personal or Business User? Claim your Community Name today! By signing up you agree to follow our community guidelines. Toggle navigation Goldmoney Community.

Join the Conversation The Goldmoney Community is a great place to securely share and connect with other people that are passionate about the same things you are! Your personal information is never shared with anyone. December edited January in News and Announcements. Dear BitGold Community, I want to personally thank you all for the passion and support you have exhibited for BitGold.

Ultimately, it is you we have built this for and it is you who make this successful. An idea, hatched by two young entrepreneurs has now evolved into a global platform spanning , members in nearly countries. What we have achieved this year is truly historic. In fact, I believe the ramifications will only be truly appreciated several decades from now. We have shown that gold as commodity money has a place within the existing laws and regulations and can be consistent with the ethos of social progress and upward mobility.

We do not need to be fearful or greedy to educate people on the merits of gold. We do not need gold to rise in one specific currency USD for hundreds of thousands to derive value and be empowered by our platform.

We do not need to be opposed to the beautiful improvements in the quality of life or social cohesion achieved over the last 50 years. Instead, we can show why gold helps solidify the continuation of these trends.

Utilizing commodity money makes sense for responsible citizens seeking to peg their labour, goods, and services to a unit of account that mimics their own personal consumption and savings requirements. Take a look at your own monthly aggregate spending, unless the majority of your income is spent on financial assets, you are likely better off utilizing a commodity money to measure your earnings power and net worth.

Utilizing gold as commodity money makes sense because of universal truths and the laws of physics. Unless you have superhuman powers, you too are bound by the laws of physics and so it makes sense to own the one element of just 92 which is immortal to human entropy and can be bequeathed to your family tree as an heirloom leaving an enduring legacy to posterity.

Utilizing gold as commodity money makes sense because it removes friction costs, settlement times, and foreign exchange from the transfer of value between two parties. There's an upheaval in financial services coming. This upheaval will see long held axioms tested to their core. Why does it cost money to move money?

Why does one nation have stronger money while others have weaker money? From the ancient Minoan traders in Crete 4, years ago to John Law and the Mississippi Bubble just years ago, history is littered with thousands upon thousands of experiments with different types of money. Money that was deposited with banks paying an unfair rate of interest, money that was government backed by a promise, money that favoured the elite, or money that favoured a specific ideology or doctrine over others.

These have all been tried and have failed over and over again. Yet no matter how many times these experiments take place, our natural states cause a reversion to the mean with respect to what we regard as money. We seem to always rediscover the value of utilizing gold as a neutral global commodity medium and unit of account.

We are a brilliant species that is enthralled by our planet and universe. We seek to work hard and share our prosperity with our family and neighbours.

And we engage in trade as a byproduct of our natural evolutionary productivity. As the scale of time is stretched, our species resorts to our default state of cooperation, empathy, and prosperity. I believe that BitGold has spawned yet another reversion and that our success coincides with the upheaval we are seeing in digital value transfer cryptocurrencies and fintech in general Apple Pay, Samsung Pay, Google Wallet, Square, Stripe, Paypal.

That feeling is akin to that of the last riders of horse buggies in Detroit in as they began to notice the Ford Model T driving down the streets. That we use gold as our only unit of account and store of value means that we are in pole position to create a global unified payments and savings network not restricted by any nations currency or debt system. To that end, we are working tirelessly to complete our ecosystem.

We are also working on several confidential features that will improve the user experience and allow more of you to rely on the platform for your everyday financial services needs.

We ask you to continue in your efforts to spread the word about BitGold. In the GoldenHeart program saw enormous success. We made changes to the program that some of you are unhappy with. I have heard these criticisms but respectfully disagree. The GoldenHeart program today is more aligned than ever and those of you that have reached four or five star status can attest to this. There are no more settlement delays and the per user gold bonus for 4 and 5 quality score users is much higher than it ever was.

I assure you that if you take the time to refer quality members who will make deposits, use the platform, and provide transparent information about their identity, you too will see your quality score rise and your ability to earn gold through referrals compound. Remember, we are in this for the longterm and expect you to be as well. Here is to you, our community and an even more incredible Thank You and Happy New Year!

I fully support this platform, and have become an affiliate as well as a customer. I'm getting up to 14, views a month and climbing on my website, promoting Bitgold prominently, and helping the company gain more visibility, in addition to earning from my efforts. Thank you Roy and the other founders for this great product, and opportunity! January edited January Thank you Roy for educating me on the meaning of value. Your ability to break-it-down in a way that can be easily understood in laymen's terms is what makes this company so great.

All the best in ! Happy New Year Roy and may god bless you and the family of BitGold with more ideas in the forthcoming. We sincerely hope and prey for BitGold to do much much better for this year and year to come. I am one of the , Drop the " Golden heart " plan and reward the users that are the backbone of the company.

Having K plus members sitting back and watching, not getting involved and likely just here to keep someone happy, is a waste. Maybe they are waiting for the price of gold to go up so they can purchase less. Give the " Golden hearters " a period of time to get involved and if they choose to just watch, move them to the sidelines account holders with no status and no free gold redistribute the grams involved with those that are on side.

I'd rather see , accounts that are all in. Being rewarded for saving gold, what a concept, sounds a bit like the olden days when one got interest. Keep up the good work Roy Sebag Melanie the information that I have found about the Golden Heart program does not seem to give details about how one can move through the levels and such.

The document has a ton of information on how and where to promote, but is general and vague in giving specifics about moving through the levels. What exactly does it take to move from 1 to 5? I went to level 2 today in the program but have no real understanding of what I or my referrals did for that move to happen. Would you or your team explain in more detail for us?

I love your vision and brilliance. Truly appreciate being involved and am proud to share BitGold with others as the company grows. Roy Sebag , Thank you for everything. Happy New Year Bitgold. I just realized the huge benefits of Bitgold in the late of I am going to take bold steps in getting more valued referrals this year! Please facilitate the process of bringing the prepaid card to my country,Nigeria.

Thanks and God Bless you sir. Remember, we are in this for the longterm and expect you to be as well". Probably the new sponsored members fail make any deposits. Winter4Cold , it is a great platform. Roy Sebag How is it a good platform when you take referred bonus gold from members who are active users, spending and investing, just because they refer an individual who do not share the same ideas on investment?

When I asked her to check, she lost her bonus, which makes sense But I am, although not pumping thousands into the platform, I spend what I can afford. Please look into this and for the sake of bitgold, stop robbing your active membership. I am frustrated as all hell. AND I used to love the online interac. So I switched my scotiabank card to a visa debit intentionally just to buy gold from Bitgold.

Bitgold will NOT accept my card. So I went to the bank and switched cards, because Bitgold locked my card. Yep, I have absolutly no means to buy gold and I am not linking my bank account with a company who takes gold whenever they please Or when the value increases.

A response, and an inquiry would be greatly appreciated. I have almost hundreds of dollars in this account and want to buy physical gold. But if you guys keep stealing it, you are just another banking scheme.