RE: Numpty speaks again!!27 Jul 2018 01:48
I think its inability to deliver more than unwillingness.
All questions regarding delays are valid.
I am pretty confident that delayed launch will reduce uptake rate.
I am also certain that CP BoD are also well aware of this nightmare.
I suspect they need money and quiet a lot in 2 main respects.
1. PoG with concurrent holding expenses.
Possibily lost a lot on futures if they did buy them some months ago. USDX vs XAU has crippled all margins in last months.
2. Goldbloc feature for inter-bank transfers using IBAN.
Although no bank will ever say no to receving money through any means - (e.g Western Union etc) - Every bank would throw paperwork, security issues these days plus their per-transaction fee. For a Global UK Product you need at least top 5 banks signed up for fast-quick transfer. That's a lot of money.
Lastly I believe biggest delay cause would and could be regulatory affairs.
Goldbloc has the power to suck banking profits, there is nothing to stop Lionsgold to start offering Goldbacked Mortgages in future.
Forces of Status Quo wouldnt just let us walk over them.
FCA registration for Lionsgold and bearucracy in our country is probably more strong than govt.
Give it time and time it needs - perhaps they should start to put Goldbloc information and video presentation for public in few languages.
Some sort of pre-launch PR wouldnt go amiss.