I believe they did not hedge or have actual gold bought, then when gold prices up from 1500 to 1900+ now, they can't sustain
HelloGold - Ask Me Anything, related to HelloGold or gold in general
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 Jan 26 2023, 07:33 PM
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1,027 posts Joined: Jul 2018 
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Jan 27 2023, 10:45 AM
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#2
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QUOTE(xander2k8 @ Jan 27 2023, 10:17 AM) Business failed because economies of scale hence small user base less profitable You did not study Luno well to calculate how much profits they made per day based on their daily trade volume.Luno will be next soon π€¦ββοΈ  Hence your comments are not valid without facts and data to support. |
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Jan 27 2023, 11:44 AM
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#3
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QUOTE(xander2k8 @ Jan 27 2023, 11:00 AM) You think Luno been doing well now since crypto winter π€¦ββοΈ Oh They downsizing now and cutting more than 1/3 of the workforce hence they will be next π€¦ββοΈ Donβt forget the actual owner of Luno is DCG which have already failed venture from Genesis π€¦ββοΈ hence cutting the left arm to save the right  |
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