HelloGold - Ask Me Anything, related to HelloGold or gold in general
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 Jan 26 2023, 03:53 PM
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#1
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Senior Member
4,665 posts Joined: Jan 2003 
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QUOTE(wjleong15 @ Jan 26 2023, 12:38 PM) Just got this email When they are offering it too cheap they canβt survive selling gold as costs too high in operating micro gold investments π€¦ββοΈWhat happened?  Gold shot up a lot this year by 8% hence it is cheaper to buy paper gold directly in Stashaway now |
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Jan 27 2023, 10:17 AM
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#2
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Senior Member
4,665 posts Joined: Jan 2003
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QUOTE(Unkerpanjang @ Jan 27 2023, 09:09 AM) Hello Sifus, Business failed because economies of scale hence small user base less profitablePls help explain the Hello Gold biz model and mechanism why it failed. (As though I'm a 15 yo student, 1st lesson in Physics)...which I scored 17 / 100 marks. Luno will be next soon π€¦ββοΈ |
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Jan 27 2023, 11:00 AM
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#3
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Senior Member
4,665 posts Joined: Jan 2003
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QUOTE(Sunshape @ Jan 27 2023, 10:45 AM) You did not study Luno well to calculate how much profits they made per day based on their daily trade volume. You think Luno been doing well now since crypto winter π€¦ββοΈHence your comments are not valid without facts and data to support. 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 This post has been edited by xander2k8: Jan 27 2023, 11:03 AM |
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Jan 27 2023, 11:51 AM
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#4
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Senior Member
4,665 posts Joined: Jan 2003
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QUOTE(Unkerpanjang @ Jan 27 2023, 11:42 AM) Bro, thanks good insight. We see price drops for Binance, Coinbase, etc. Ok, as long no hanky panky. Banks in the 1st place will not buy Crypto licenses as they are not regulated π€¦ββοΈLikely, the traditional banks will be interested to buy up crypto licences. So not concerned with customers...change ownership from A to B. Otherwise, MAS n MOF semua malu...apa regulators? Even the big boys in US will partner with to run a fund while earning fees hence they are not in the eyes of SEC if anything goes sideaways Remember banks is always keep the risk as low as possible while earning fees π |
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Jan 30 2023, 06:00 PM
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#5
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Senior Member
4,665 posts Joined: Jan 2003
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QUOTE(Avangelice @ Jan 30 2023, 05:52 PM) Told you guys so. Back in 2018 I felt the way the system works is similar to what we see in bitcoin. The asset may be just numbers and pumped up by transactions. Once nobody buys and people keep selling. Sure cannot sustain. I believe got ppl buy but no selling π€¦ββοΈDah lah he says we will take abit of your gold as management fee. Dude what management fee when you didn't keep any gold pun Most ppl buy gold long term investment and seldom trade hence HelloGold failed because they only make more money via selling through its spread π€¦ββοΈ Management fee is only to cover its operating expenses as you can see from the disclosure it is not making profit hence it is business decision to close down |
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Feb 5 2023, 10:22 PM
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#6
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Senior Member
4,665 posts Joined: Jan 2003
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QUOTE(hlyh1230 @ Feb 5 2023, 08:52 PM) the end for Hellogold, any other paper gold alt? Stashaway flexible portfolio for GLD ETF or Versa Gold thematic portfolio Otherwise you can buy Bursa Gold or NYSE GLD ETF directly instead |
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