Wiki-valley-lg-cyan 200px.png Did you know a wiki could be used internally in your company ? For better knowledge management and internal communication. Less email and office files. 30 days free trial. (Ad)


Welcome to EverybodyWiki ! Nuvola apps kgpg.png Sign in or create an account to improve, watchlist or create an article like a company page or a bio (yours ?)...

Roy Sebag

From EverybodyWiki Bios & Wiki
Jump to navigation Jump to search


Roy Sebag
Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
PronunciationLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
BornLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
(1985-06-28) June 28, 1985 (age 34)
Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
BaptisedLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
DisappearedLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
StatusLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
DiedLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Body discoveredLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Resting placeLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
MonumentsLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
ResidenceLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
NationalityLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Other namesLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
EducationLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Alma materLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Occupationlua error in module:wikidataib at line 665: attempt to index field 'wikibase' (a nil value).
Years activeLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
EraLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
EmployerLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
OrganizationLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
AgentLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Known forLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
WorksLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
See Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
StyleLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Home townLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
SalaryLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).Goldmoney Inc. $1 (2016)
Net worthLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
TelevisionLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
TitleLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
TermLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
PredecessorLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
SuccessorLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Political partyLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
MovementLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Opponent(s)Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Board member ofLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Criminal chargeLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Criminal penaltyLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Criminal statusLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Spouse(s)Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Partner(s)Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
ChildrenLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
RelativesLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
FamilyLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
DynastyLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Call-signLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
AwardsLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
HonorsLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
WebsiteLua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).
Signature
Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value).

Roy Sebag (born June 28, 1985) is an Israeli-Canadian[1] contrarian investor and entrepreneur[2] In 2014, Sebag founded GoldMoney Inc and currently serves as the Chief Executive Officer. GoldMoney Inc is a gold savings/payments company.[3] He is also the Founder of Bitfarms, Ltd. a publicly traded company on the Toronto Stock Exchange.[4][5]

In 2016, Sebag along with Diana Widmaier Picasso founded Menē - which designs, manufactures, and markets 24 karat gold jewelry that is retailed direct-to-consumer online.[6]

Mr. Sebag's views on precious metals have been covered by CNBC, Bloomberg[7], and The Wall Street Journal[8]

Early life[edit]

According to Robert J. Moriarty, who met Sebag on a tour of a company they had both invested in, Sebag showed promise as an investor from a very young age and is an autodidact.[9]

Investment partnership[edit]

In 2011, Sebag led an investment group that injected $43 million of rescue financing into American Apparel helping the company avert bankruptcy but the company later went bankrupt.[10] In September 2012, Sebag invested in German automotive company Porsche Automobil Holding SE. In an interview with the financial newspaper Barron's, Sebag argued that the legal overhang due to the 2008 short squeeze of Volkswagen provided a unique opportunity to purchase shares of Porsche at a discount. He calculated the value of the shares at 100 euros.[11]

Natural resources[edit]

In 2010, Sebag formed Natural Resource Holdings, an asset consolidator of historically delineated natural resource deposits. In his 2013 letter, Sebag explained that "gold and finite natural resources (what I define as money in our present global economy which relies on 100% fiat based mediums of exchange) have become cornerstones of my investment process", citing the fiat money system as being the chief enabler of debt which leads to unnecessary financial bubbles, and defers savings.[12]

In an interview with Max Keiser, Sebag explained that his view of financial markets and the economy changed following the financial crisis of 2007–08, and he began to develop a deep interest in gold.[13]

Since 2011, Sebag and his team at Natural Resource Holdings have been compiling and distributing a database of the world's largest gold mines.[14] Sebag would later claim that this laborious work helped him understand the relative crustal abundance of the elements and how gold ascended as money.

Roy Sebag and Josh Crumb, with Max Keiser and Stacy Herbert

Goldmoney Inc.[edit]

Following the 2008 financial crisis, Sebag met Josh Crumb, a senior metals strategist at Goldman Sachs, and the two developed the idea of a full-reserve banking gold-based financial institution. This ultimately led to the formation and launch of BitGold, which subsequently became GoldMoney, after BitGold acquired that company in 2015 as a reverse merger. In May 2016, Sebag won the Canadian Capital Markets Deal of the Year Award for the GoldMoney acquisition.[15] [16]

Mene Inc.[edit]

In October of 2016, he founded Mene Inc. a luxury online jewelry venture along with Diana Widmaier Picasso, the granddaughter of Pablo Picasso.[6][17]

References[edit]

  1. https://en.globes.co.il/en/article-roy-sebag-exits-cryptocurrency-market-1001277275
  2. "Executive Profile Roy Sebag". Bloomberg. Retrieved 14 December 2015.
  3. Waddell, Nick. "GoldMoney Announces Graduation to the Toronto Stock Exchange". Cantech Letter. Retrieved 12 May 2016.
  4. "Toronto Stock Exchange Profile: Bitfarms Ltd". TASE Site. Retrieved 2 August 2019.
  5. "Blockchain merger to make Natural Resource NIS 2b co". Globes.co.il. Retrieved 26 May 2018.
  6. 6.0 6.1 "Here's your chance to finally own a Picasso". nypost.com. 2017-06-15. Retrieved 2018-05-31.
  7. "The Guy Who Called Bitcoin a Bubble Now Wants to Help You Store It". Bloomberg. Retrieved 29 September 2017.
  8. "Coronavirus Sparks a Global Gold Rush". Wall Street Journal. Retrieved 31 March 2020.
  9. Moriarty, Bob. "BitGold Lights Gold's Fire". 321gold. Retrieved 14 December 2015.
  10. "American Apparel gets up to $43M in rescue financing, avoiding bankruptcy". New York Times. Retrieved 15 December 2015.
  11. "Porsche Preferred Shares Merit a Faster Track". Barons. Retrieved 20 December 2015.
  12. "Global Gold Mine and Deposit Rankings 2013". Visual Capitalist. Retrieved 20 December 2015.
  13. "Keiser Report Episode 934". RT. Retrieved 20 July 2016.
  14. "Global Gold Mines and Deposits Ranking 2012". Visual Capitalist. Retrieved 20 December 2015.
  15. "Will gold continue to shine?". CNBC. Retrieved 8 September 2016.
  16. "Gold starts to shine for investors". Financial Times. Retrieved 15 August 2015.
  17. "Jewelry Worth Its Grams in Gold". Retrieved 26 May 2018.


This article "Roy Sebag" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Roy Sebag. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.


Compte Twitter EverybodyWiki Follow us on https://twitter.com/EverybodyWiki !

Farm-Fresh comment add.png You have to Sign in or create an account to comment this article !