BitGold Soars 39% After Listing on Toronto Venture Exchange

Jon Banking, Blogosphere, Crypto Currency, Economy, Gold, Market Commentary, Precious Metals

Taking inspiration from Bitcoin, BitGold wants to make gold accessible and useful in digital payments and secure savings. It is essentially Paypal with gold. They are advancing the digital payments revolution by helping people securely acquire, store, and now spend gold with unprecedented simplicity.
BitGold provide users with a secure vault account to purchase and hold gold, the ability to make and receive instant gold payments, and a debit card for spending gold at traditional points of sale. All gold is fully redeemable as 1kg Bullion Bars or 10g GoldCubes.
Apparently investors like the idea. BitGold listed at 90 cents on May 13, and shares have since jumped to $3.77 apiece, with more than 4 million shares traded. The stock was up another 39% today, after their first day trading on the TSX Venture Exchange yesterday (CVE: XAU).
It is the culmination of several years of hard work by the founders, Roy Sebag and Josh Crumb, and is being backed by George Soros, Sprott Inc., Dundee Capital, Sandstorm Gold and other big-name financiers.

This post was published at GoldStockBull on May 14th, 2015.