Goldmoney To Acquire Schiff Gold Inc. and Create JV with Peter Schiff

[kreslik.news]

A leading global operator of a gold-based financial network, Goldmoney Inc., listed on the Toronto Stock Exchange (TSX) under ticker XAU, today revealed that it has entered into an agreement to acquire US-based precious metals dealer Schiff Gold Inc (SGI).

SGI is a retail gold dealer, and caters to a sizable client base handling transactions related to precious metals, including storage and vaulting agreements, and IRA arrangement services for Gold and Silver. Last year SGI had sold $125m worth of precious metals while grossing $2.8m in profit, and XAU expects efficiencies to be unlocked for additional cost savings as part of acquiring ... (read more)