Sounds like a great company, will check it out. If you are in touch with the owners it might be interesting for them to think about accepting crypto: (btc/eth...) for their jewelry. Would bring in a new group of customers and be a great pr piece to get attention to their brand/stock. Love the Vids
Legit have been considering this since March.. Once I learned how worthless my 10-14k chains were I had to find something that wouldn’t be a waste of money.
Really interesting. I have a long and painful history with gold having been sold on gold by my father as a young boy. I bought gold in the 80's at $500 per ounce. It was a stupid investment for a young man considering the alternatives at that time that could have made me rich (AAPL or MSFT) or even just investing in the S&P 500. Gold is not an investment - at best it's insurance. Having said that, Mene's approach makes sense. Having a bit of bullion locked up in a vault somewhere in the event of an apocalypse? Good luck getting it - might as well just throw that money out the window. 24K jewelry you can wear makes more sense. My great grandfather kept my father's family alive during the European hyperinflationary years of the 1930's by clipping links off a gold watch chain.
@@nicosmind3 Hah, I challenge you to take your bullion to Starbucks and buy a coffee. So, is it money in a conventional sense? I'd say no. Is it savings? Pretty lousy as a savings instrument for the average person if you ask me. And gold mines - highly speculative and risky full of all forms of swindlers. Better to go to Vegas.
Gold is a store of value, much better at this than cash which depreciates overtime in purchasing power. It's also an investment, just like art and fine wine and should really be part of a balanced portfolio. The top performing asset class in the last 11 years, better than the S&P 500.
Jack Burgess Total rubbish - it is a super volatile asset which makes it highly unsuitable as a store of value. I’ll buy the argument that it’s effectively insurance against economic apocalypse, but in that scenario no point having any more than you can have immediate access to.
I'm surprised to see Gali of all people hyping Mene. I've known about the company for a while through Peter Schiff. Didn't know they were public though. I have a goldmoney account.
I found out about menē a 2-3 years ago and I have never been disappointed with my purchases with menē. Plus when you rate a purchase they also give you in store credit as well. Which is awesome. Absolutely love this brand. Countries in Asia, like India and Pakistan have been making and prefer jewelry in 24k gold for centuries and over there any less gold is un sellable. And over there gold jewelry has been used as an investment for centuries as well. But what I like about menē is that I can get a more western style jewelry.
Gali, I've been trying to get my friends/family to shop MENE for their gold jewelry. Some jewelry stores are selling 10k gold which we tested and it turned out to be closer to 9k gold which is more than 50% not-gold. Gold would have to triple in price to break even.
Here's some more ideas: - Jump into wedding/engagement rings. Men are usually the one that pays for the rings, and 90% of them know what a waste of money the hunk of rock is that loses half of its value off the lot like a car. If you can actually track the value of the ring, ALL men (and even some women) would be far more inclined to purchase their rings from Menē. - Allow brand/logo customization. Companies could do limited edition sales of branded rings/pendants/etc. or even give them as executive bonuses. - Get into watches. That is one dedicated community, and collaborating with established player or even a startup to make investable time pieces that have value beyond the brand itself would be amazing.
All of the above. They've got to be planning to do this at some point. Watches would require a larger scale company or larger brand recognition to justify partnerships etc with watch producers (I expect), but I'd love to see like that.
Hurry up and take my money. Having sold cars 15 years ago I find it very hard to pay retail. With Mene. I’ll have no problem this time. For example. I was going to buy a gold bar pendant that was 14 k 29g for 3000 after finding this website I’m now going to buy a ring that’s it about 30 g for 2220 and it’s 24 k. I found my jeweller and will tell anyone that will listen
I bought a Mene rounded box chain. I wore it only twice; once to go out, and one full day (to the gym). One of the links got messed up only after two times of wear. I cant think of anything that got into direct contact with the chain. From personal experience I disagree with your statement. 24k gold is not as durable as Mene advertise it to be. Thicker chains? Sure, paybe they will hold up better. But a 2mm chain is not thick enough to be worn everyday.
It looks cool but the gold value is about 70% of the selling price. Nothing wrong with that, but you are paying 30% for the jewelry value, 70% for the gold.
This was a great video, You are diversifying your investments while investing in one company in two different ways! Great job finding out about this and thank you as well.
This video is awesome. Love the enthusiasm and learning about these types of hyper-change-driving, disruptive companies *EARLY* is why I subscribe. That's a big thumbs up from me, dawg.
Traditionally especially in Asian culture your savings account is in gold jewellery. If you go to those countries, what Mene does is nothing new. But that culture really doesn’t exist here so it’s nice to see that. Having pure gold or plat is great for investing but not great when you want gems in your jewellery. That’s why gold and plat is mixed with alloys to give it the strength to set a stone like a diamond. So, unfortunately that will be a part of the market they wouldn’t be able to access which actually is the majority of jewellery sales. If they ever did open retail locations, they wouldn’t be able to keep the 20% mark up that would have to increase. So, hopefully they could just stay as an online store. Overall, very cool concept, but probably wouldn’t disrupt the jewellery industry. IMO
I have held 24k gold coins for 40 years and sold them last year. Bought some Tesla stock with the proceeds and you know how that turned out. I made a very small gain on the gold and probably lost purchasing power so am not sure it is a hedge against inflation unless you buy low. If you like jewelry though, then this is probably the way to go.
One problem with the apocalypse insurance - Everyone will know you have it if its an art piece. Smart preppers know to hide their goods. Although I suppose one could just hide it... Thx for another banger company!! You always bring the heat!
I have listened for over 14 minutes so far and have not heard just the basic information about your chain like it’s length? I would have preferred knowing this up front as well as the name of this specific chain.
As a jeweler, I don't know how they do it. Those margins are craaazy low. But I must admit their products are very simple and probably very very automated.
@@vmxx345 It was 40% (x1.4) when I wrote that comment. For jewelry that's crazy low. But they get the gold for really low, have big volume, everything is probably made by machines and quality not super good quality (I'm speculating from the pictures I've seen, I have not seen one in real life). That said, they sound like good investment if you can resell it retail price or maybe x1.25-1.3
Gali, love your stuff. On this topic however, you are off base a little bit. Regardless of how little wear you have seen in your chain in 8 short months, your gold "investment" chain is slowly wearing away as the links rub together and move. Over time that movement is scraping away metal from your chain and it will loose weight. It will wear away over time because 24 K is so soft. If you were talking about a big chunky ring or pendant perhaps the wear would not be as noticeable to you. A 24 K chain is a huge mistake if you are wearing it everyday and never taking it off. Chains are better when made out of lower karat because those additional metals added also add strength. As an investment a 24k chain is a bad idea. A ring, pendant or earrings are a much better idea. As a Goldsmith doing jewelry repairs since 1980, I know of what I speak....Peace!
I think your off because in Asia 24 karat gold necklaces and bracelets are passed down generation to generation, its clear western jewelry companies are ripping off consumers with huge mark ups.
@@Eric00700 that may be true, I can only speak from experience as a jeweler working at the bench since 1979. It may be that the 24kt jewelry you are speaking of was much thicker heavier links which are not made today due to the high cost of gold and labor. Again, I am only speaking from my experience.
Science geek who knows enough about mining. Asteroid mining wont be a thing for a long time, if it ever becomes a thing. I would assume we would basically have to dry up on Earth, and that would mean ocean mining becomes a thing first, before the energy values allow it to become a thing. And if things are that bad get off Earth
This kind of thing is pretty common in India, but it does not happen online. A lot of people like to touch and feel the costly things that they buy... especially gold which is bought only on special occasions.
By jewelry standards that's puny. Most jewelry is only 10 carat gold and MSRP has a profit allowance of at least 70%. That's why jewelry stores can afford to hold supposedly great sales and still wind up with gross margins above 50%.
Very fair, and why I'm "waiting" to buy the stock (if at all). Their products themselves are actually very compelling, from the perspective of a millenial looking for jewelery that isn't actually value-less trash.
Used their service first year the hit the market, love the company vision and their products are creative and lavish. I believe an app would be a great addition.
I've been taking my gold chain out surfing for the last few years. The big days I do take it off just to be on the safe side. If I ever do lose it I'd just be pouring for the homies. I live near the treasure coast of Florida and there is plenty more where that came from, haha!
Dear Gali! There is one thing that you should improve in my opinion, and that's the sound quality. Usually I'm not thinking a lot about sound, but everything you do is so professionally fresh and I think a great sound is just you. You know, just quality. I know you don't have a cheap setup, so either it's just me or maybe its the acoustics of the rooms or smth. Anyways, great videos, thank you!
MENE markup is huge if you compare to the spot price of gold. Additionally 24k is "soft" and will wear down over time especially a ring or bracelet. Buying gold coins and bars offer better value as an investment and hedge against a paper dollar.
This is a very old idea. How do you think those escaping parts of Russia after the collapse of the royal family got their money out. Ask any Asian or African and gold is something you give to babies, brides, at certain milestones in your life and if things get hard, you pawn it. LOL It is a wearable bank account. The designs are very nice if you want understated bling. Go Gali, you do look fresh.
Wow what a coincidence I was talking about this stock to my fund’s partner just the other day! We invest in mostly TSXV stocks, albeit pure primarily gold & precious metal miners (& been doing rather well of late ;)...so not invested in Mene but in my view its a very interesting concept & a very different approach to an industry that has overvalued craftsmanship (without detracting from it) to the value of the underlying metal...to me gold is a currency and as an investment jewelry should trade to this currency as closely as possible.
Ah Gali forgot to mention I am Italian, we have fine jewelry in our blood. We should form a transatlantic alliance & conquer the other side of the pond ;). Definitely space for other market participants in this space (& I take inspiration from a ring I bough and sold at an 80% discount)...
How much do you know about GoldMoney's strength as a company? I'm not trained to evaluate financials like you, but it seems like we should have high confidence in all of a CEO's companies to be willing to invest in one of them. I love this business model of Mene and really appreciate this video! I am trying to learn as much as possible about them and their leadership. Looks like their CFO helped run a failed AI based travel business not too long ago. Their CEO seems like a really really smart guy but I can't wrap my head around why he has so much faith in gold as an investment over fiat currency.
Don't sell your soul dude. Life is worth much more than gold, although you'd be wise to invest in gold and silver, only GOD knows how it ends. The LORD JESUS bless you 🦅. REPENT
Doesn't seem like they are going after men at all. The site is def designed for women. The chain options are quite limited but its a really cool idea. I've been wearing the same 14k necklace for 15 years, wouldn't mind upgrading/investing.
How does Menē protect themselves from buying back jewelry that has been adulterated? Or how do I ensure that the jewelry I buy from Menē is pure 24 Karat, ensure that it has not been adulterated?
Kindly explain how to adulterate a branded 24k gold chain? Melt it, mix in base metal, remelt it, cast it into exactly the same shape and size chain, and then hope that they don’t notice, perform a metallurgy test, or simply reweigh it? Is that what you are worried about? 🤣
10% of total value? Thats high man. U prolly dont get ur taxes back on sale either but I agree that it is a lot better than the Tiffany BS. My wife watched this vid with me and she still wants the Tiffany garbage...
I love the transparency on disclosing the weight of the gold, and that the price reflects real time gold prices. HOWEVER, before you order two things to consider: 1. They only offer refund or exchanges after taking a 10% restocking fee on the product. So if you purchase a $2000 chain and don't like the craftmanship, you will either get a $1800 refund, or a $1800 credit. 2. One of the reasons that 24K gold isn't widely used in the jewelry industry is due to it's softness. Most intricate designs cannot be produced using 24K gold. When 24K gold does get used in jewelry, they tend to look coarse and uneven. Google for Mene product videos and you'll see how uneven their rings and how kinked their chains are. And, side note: most of their clasps are made in 18K gold and on a 24K chain, that clasp really stands out because it's in a very different shade of yellow!.
Menē X HyperChange $50 Code :) ➡️ mene.com/?promo=HyperChange
Gali, can you please let us know which chain you bought? I want something similar in size. 💭
@@RealerTM 18 inch rounded box chain
Sounds like a great company, will check it out.
If you are in touch with the owners it might be interesting for them to think about accepting crypto: (btc/eth...) for their jewelry.
Would bring in a new group of customers and be a great pr piece to get attention to their brand/stock. Love the Vids
@@andrewmiller2591 Would love to buy with Eth :) The Mene fee would make money laundering much less appealing.
@@andrewmiller2591 Just checked. They accept BTC, but will only refund in Mene credit
Legit have been considering this since March.. Once I learned how worthless my 10-14k chains were I had to find something that wouldn’t be a waste of money.
Really interesting. I have a long and painful history with gold having been sold on gold by my father as a young boy. I bought gold in the 80's at $500 per ounce. It was a stupid investment for a young man considering the alternatives at that time that could have made me rich (AAPL or MSFT) or even just investing in the S&P 500. Gold is not an investment - at best it's insurance. Having said that, Mene's approach makes sense. Having a bit of bullion locked up in a vault somewhere in the event of an apocalypse? Good luck getting it - might as well just throw that money out the window. 24K jewelry you can wear makes more sense. My great grandfather kept my father's family alive during the European hyperinflationary years of the 1930's by clipping links off a gold watch chain.
Well gold is savings aka money. Its not an investment but mining, royality, and other sectors exposed to gold are investments
@@nicosmind3 Hah, I challenge you to take your bullion to Starbucks and buy a coffee. So, is it money in a conventional sense? I'd say no. Is it savings? Pretty lousy as a savings instrument for the average person if you ask me. And gold mines - highly speculative and risky full of all forms of swindlers. Better to go to Vegas.
Gold is a store of value, much better at this than cash which depreciates overtime in purchasing power.
It's also an investment, just like art and fine wine and should really be part of a balanced portfolio.
The top performing asset class in the last 11 years, better than the S&P 500.
Jack Burgess Total rubbish - it is a super volatile asset which makes it highly unsuitable as a store of value. I’ll buy the argument that it’s effectively insurance against economic apocalypse, but in that scenario no point having any more than you can have immediate access to.
@@jackwilliamburgess its a pretty good store of value and on average gold prices have increased, although much much slower than stocks.
I'm surprised to see Gali of all people hyping Mene. I've known about the company for a while through Peter Schiff. Didn't know they were public though. I have a goldmoney account.
Your color scheme is killer in this vid, slate gray/gold tones.
I found out about menē a 2-3 years ago and I have never been disappointed with my purchases with menē. Plus when you rate a purchase they also give you in store credit as well. Which is awesome. Absolutely love this brand. Countries in Asia, like India and Pakistan have been making and prefer jewelry in 24k gold for centuries and over there any less gold is un sellable. And over there gold jewelry has been used as an investment for centuries as well. But what I like about menē is that I can get a more western style jewelry.
"Navy seal in-person retail strategy," is not a term I thought I would ever hear in my life.
I picture a sales associate in a gilly suit appearing out of nowhere... lol
@@AMortalDefiant all I can picture is Jocko, "Got a new sales strategy, boys. Make sure she's loaded."
The pure gold looks way better. It feels heavier in your hand... and it stays FRESH
You must have really precise senses to feel the difference in weight between 18K gold and pure gold. 18K gold is maybe 15% lighter.
Feel some first then comment... it’s not about crunching numbers
Is there a international east based gold jewelry company you recommend?
787.478.6899 Whatsapp at least from my experience in the East these, things are often made bespoke... often by melting pure gold coins etc
@@SejalPatelDrSej yes, lots of opportunity for that. Thanks for sharing your experience
I believe the founder is the great granddaughter of Picasso! True story.
I believe he mentioned that and showed that, true story ;)
2nd3rd1st yeah heard it later on in the talk 😎
Mene is amazing, bought a heart from them and ya its "more expensive" but your jewelry is actually worth something
14k and 18k jewelry seem to be more expensive than 24k jewelry
Gali, I've been trying to get my friends/family to shop MENE for their gold jewelry. Some jewelry stores are selling 10k gold which we tested and it turned out to be closer to 9k gold which is more than 50% not-gold. Gold would have to triple in price to break even.
I wear every single chain, even when I'm in the house.
Started from the 52W low, now we're at all time highs.
I really like the idea of heritage products - really high quality long lasting products that have value and can be passed down! Great video!
Passed down tax free and not declared to the government, its worth it for that!
Passed down tax free and not declared to the government, its worth it for that!
@@nicosmind3 With 40% mark up not sure if this is a good idea.
What a great video Galileo. Something totally different. Fascinating find
Here's some more ideas:
- Jump into wedding/engagement rings. Men are usually the one that pays for the rings, and 90% of them know what a waste of money the hunk of rock is that loses half of its value off the lot like a car. If you can actually track the value of the ring, ALL men (and even some women) would be far more inclined to purchase their rings from Menē.
- Allow brand/logo customization. Companies could do limited edition sales of branded rings/pendants/etc. or even give them as executive bonuses.
- Get into watches. That is one dedicated community, and collaborating with established player or even a startup to make investable time pieces that have value beyond the brand itself would be amazing.
All of the above. They've got to be planning to do this at some point. Watches would require a larger scale company or larger brand recognition to justify partnerships etc with watch producers (I expect), but I'd love to see like that.
I love that you understand the beauty and value. I LOVE Mene it will forever be my favorite jewelry brand.
My engagement ring is from Mene, great company, great customer service. I'm sold on Mene and Ive talked about them too!
Hurry up and take my money. Having sold cars 15 years ago I find it very hard to pay retail. With Mene. I’ll have no problem this time.
For example. I was going to buy a gold bar pendant that was 14 k 29g for 3000 after finding this website I’m now going to buy a ring that’s it about 30 g for 2220 and it’s 24 k.
I found my jeweller and will tell anyone that will listen
Picked up some MEMEF shares this morning. Already up 20%. Thanks Gali ;)
Where did u buy this? Can’t find it on Robinhood
I bought a Mene rounded box chain. I wore it only twice; once to go out, and one full day (to the gym). One of the links got messed up only after two times of wear. I cant think of anything that got into direct contact with the chain. From personal experience I disagree with your statement. 24k gold is not as durable as Mene advertise it to be.
Thicker chains? Sure, paybe they will hold up better. But a 2mm chain is not thick enough to be worn everyday.
It looks cool but the gold value is about 70% of the selling price. Nothing wrong with that, but you are paying 30% for the jewelry value, 70% for the gold.
Still a lot better than any other jewelry seller
@@saintnico6268 - good point.
Buying physical gold or silver you pay a premium over spot of around 10% so Mene pricing really isn't bad
Most jewelry is x2.5-x3
Right. This is a jeweler purchase that also has solid intrinsic value. Interesting.
Ive been purchasing from Mene for 1 year now and have accumulated 29 pieces. I did unboxing videos for all of them also.
Can't wait to see Gali get more bling with all our referrral promotions. HyperChain gang what what
Every new video about Mene he'll have one extra chain.
✨
This was a great video, You are diversifying your investments while investing in one company in two different ways! Great job finding out about this and thank you as well.
This is a much better way to buy physical gold than an etf imo.
And was it Buffet or Soros or both that bought gold mining company recently?
635574 Buffett
This video is awesome. Love the enthusiasm and learning about these types of hyper-change-driving, disruptive companies *EARLY* is why I subscribe. That's a big thumbs up from me, dawg.
Damn! Mene is a pretty nice company AND a good opportunity to invest. Thaaanks a lot for the vid 👍
Digging the video and the haircut my man! Definitely looking Fresh
I just purchased a wide band 24K gold ring. Very happy with Mene!
Aren’t people who wear gold exposing themselves to heightened risk of getting mugged?
Or maybe the muggers will mistake you for a thug and pass you by.
Traditionally especially in Asian culture your savings account is in gold jewellery. If you go to those countries, what Mene does is nothing new. But that culture really doesn’t exist here so it’s nice to see that.
Having pure gold or plat is great for investing but not great when you want gems in your jewellery. That’s why gold and plat is mixed with alloys to give it the strength to set a stone like a diamond. So, unfortunately that will be a part of the market they wouldn’t be able to access which actually is the majority of jewellery sales.
If they ever did open retail locations, they wouldn’t be able to keep the 20% mark up that would have to increase. So, hopefully they could just stay as an online store.
Overall, very cool concept, but probably wouldn’t disrupt the jewellery industry. IMO
I have held 24k gold coins for 40 years and sold them last year. Bought some Tesla stock with the proceeds and you know how that turned out. I made a very small gain on the gold and probably lost purchasing power so am not sure it is a hedge against inflation unless you buy low. If you like jewelry though, then this is probably the way to go.
AYYYYY, HOPPING ON THE PETER SCHIFF TRAIN!!!!
I like the current HyperChange logo.
what size chain are you wearing in the video, 21inch or 18inch?
One problem with the apocalypse insurance - Everyone will know you have it if its an art piece. Smart preppers know to hide their goods. Although I suppose one could just hide it... Thx for another banger company!! You always bring the heat!
Wondering about the potential to make a market for these products - owner to owner take out the middle-man (to some degree)? What do you think?
I'd also be really interested what the process of selling/buying a Mene piece from another owner is.
Very interesting, love your vision and enthusiasme keep it going :)
Howdy there. Do you mind me asking, what inch length chain is that?
my mom has been a big investor in Gold jewellery.....she will love this way of buying jewellery and keeping a tab on her investment
What style/model necklace you wearing?
The discount didn’t work for me why?
I have listened for over 14 minutes so far and have not heard just the basic information about your chain like it’s length? I would have preferred knowing this up front as well as the name of this specific chain.
I wear my mene pieces everyday also, I don't want to take them off lol. They still look new and have them for months now.
Gold maybe, platinum doesn't looks good after short wearing.
@@vmxx345 my gold pieces that I never take off still look new, I don't know about platinum as I don't own any
@@ecor150 I mainly wear platinum and bought from MENE because markup was only 28%
a gold chain over a Walmart t-shirt makes all the difference :D
As a jeweler, I don't know how they do it. Those margins are craaazy low.
But I must admit their products are very simple and probably very very automated.
Don't worry, won't last long with 40% mark up they start charging recently.
@@vmxx345 It was 40% (x1.4) when I wrote that comment. For jewelry that's crazy low.
But they get the gold for really low, have big volume, everything is probably made by machines and quality not super good quality (I'm speculating from the pictures I've seen, I have not seen one in real life).
That said, they sound like good investment if you can resell it retail price or maybe x1.25-1.3
@@ricois3 3 month ago I got chain and charm with 28% markup from them.
Thanks for code. Just bought a chain for wife's birthday.
Peter Schiff approves this video
I recently bought some menē jewelry. Let’s see how it is.
Gali, love your stuff. On this topic however, you are off base a little bit. Regardless of how little wear you have seen in your chain in 8 short months, your gold "investment" chain is slowly wearing away as the links rub together and move. Over time that movement is scraping away metal from your chain and it will loose weight. It will wear away over time because 24 K is so soft. If you were talking about a big chunky ring or pendant perhaps the wear would not be as noticeable to you. A 24 K chain is a huge mistake if you are wearing it everyday and never taking it off. Chains are better when made out of lower karat because those additional metals added also add strength. As an investment a 24k chain is a bad idea. A ring, pendant or earrings are a much better idea. As a Goldsmith doing jewelry repairs since 1980, I know of what I speak....Peace!
This is the most important comment on this video.
I think your off because in Asia 24 karat gold necklaces and bracelets are passed down generation to generation, its clear western jewelry companies are ripping off consumers with huge mark ups.
@@Eric00700 that may be true, I can only speak from experience as a jeweler working at the bench since 1979. It may be that the 24kt jewelry you are speaking of was much thicker heavier links which are not made today due to the high cost of gold and labor. Again, I am only speaking from my experience.
MORE PEOPLE SHOULD READ THIS COMMENT!!!!!
I just bought my first mene piece! i have the box chain. i wish they sold the Italian horn pendant. I'm gonna suggest that to them.
I went on their website and their inventory right now is VERY LIMITED.
They have very few items and sizes. I'd like to see more variety.
How durable is this chain
This is why I like 24k anything lower like 14k and 10k is just water down stuff 😁
“As a pimp I’m always looking for fresh” thanks for the hookup G
Long term this isn't way to go... The second major plans start to mine high quality metal based astroids these markets will become extremely unstable
was waiting for this comment :)
We will all just be way more blinggged out !
🙄🤣🤣🤣🤣🤣
In like 30 years though
Science geek who knows enough about mining. Asteroid mining wont be a thing for a long time, if it ever becomes a thing. I would assume we would basically have to dry up on Earth, and that would mean ocean mining becomes a thing first, before the energy values allow it to become a thing. And if things are that bad get off Earth
This kind of thing is pretty common in India, but it does not happen online. A lot of people like to touch and feel the costly things that they buy... especially gold which is bought only on special occasions.
I just checked the chart from Mene Inc and I am surprised to see it is pubic since 2005 already and down 99.7% from it's highest peak
why is that?
@@TheTeslaTess I mean it went down big time from 525 to .41. Thats a huge drop - worth investigating.
I'll admit, I never noticed your gold chain nor ever thought you looked fresh
They have a big fee when you buy, almost 35%
Much cheaper to buy through Goldmoney
Yes but you’re buying wearable jewelry not just a chunk of metal.
By jewelry standards that's puny. Most jewelry is only 10 carat gold and MSRP has a profit allowance of at least 70%. That's why jewelry stores can afford to hold supposedly great sales and still wind up with gross margins above 50%.
Gali moving Penny stocks like Jeremy of Financial Education. LOL!
I think i will pass on the 30% run up from Robin hood investors.
Very fair, and why I'm "waiting" to buy the stock (if at all). Their products themselves are actually very compelling, from the perspective of a millenial looking for jewelery that isn't actually value-less trash.
Used their service first year the hit the market, love the company vision and their products are creative and lavish. I believe an app would be a great addition.
They shut themselves in a foot start charging 40% mark up.
I've been taking my gold chain out surfing for the last few years. The big days I do take it off just to be on the safe side. If I ever do lose it I'd just be pouring for the homies. I live near the treasure coast of Florida and there is plenty more where that came from, haha!
Amazing video!🔥🔥🔥
I like Mene's image with this art-collector echelon.
Another great video, thanks HyperChange!
just got my mene bling today thanks
For the apocalypse, I rather have a gun than a gold chain.
This is crazy I was hoping there was a business like this I’m gonna buy one soon
Hope you already did, because they charge 40% mark up now.
Dear Gali!
There is one thing that you should improve in my opinion, and that's the sound quality. Usually I'm not thinking a lot about sound, but everything you do is so professionally fresh and I think a great sound is just you. You know, just quality. I know you don't have a cheap setup, so either it's just me or maybe its the acoustics of the rooms or smth.
Anyways, great videos, thank you!
I tested a new mic for this setup. Thank you for the feedback!!!
whats the length on that chain??
18 inches
This is cool as hell. I may need to upgrade from my Aldo chains 😂
MENE markup is huge if you compare to the spot price of gold. Additionally 24k is "soft" and will wear down over time especially a ring or bracelet. Buying gold coins and bars offer better value as an investment and hedge against a paper dollar.
Denmark Vessey or the miners themselves tbh
I first heard of Menē cause of Goldmoney :)
This is a very old idea. How do you think those escaping parts of Russia after the collapse of the royal family got their money out. Ask any Asian or African and gold is something you give to babies, brides, at certain milestones in your life and if things get hard, you pawn it. LOL It is a wearable bank account. The designs are very nice if you want understated bling. Go Gali, you do look fresh.
Wow what a coincidence I was talking about this stock to my fund’s partner just the other day! We invest in mostly TSXV stocks, albeit pure primarily gold & precious metal miners (& been doing rather well of late ;)...so not invested in Mene but in my view its a very interesting concept & a very different approach to an industry that has overvalued craftsmanship (without detracting from it) to the value of the underlying metal...to me gold is a currency and as an investment jewelry should trade to this currency as closely as possible.
Ah Gali forgot to mention I am Italian, we have fine jewelry in our blood. We should form a transatlantic alliance & conquer the other side of the pond ;). Definitely space for other market participants in this space (& I take inspiration from a ring I bough and sold at an 80% discount)...
How do I buy stock in mene?
you made me want a chain and I'm not even a chain guy
How much do you know about GoldMoney's strength as a company? I'm not trained to evaluate financials like you, but it seems like we should have high confidence in all of a CEO's companies to be willing to invest in one of them. I love this business model of Mene and really appreciate this video! I am trying to learn as much as possible about them and their leadership. Looks like their CFO helped run a failed AI based travel business not too long ago. Their CEO seems like a really really smart guy but I can't wrap my head around why he has so much faith in gold as an investment over fiat currency.
Don't sell your soul dude. Life is worth much more than gold, although you'd be wise to invest in gold and silver, only GOD knows how it ends. The LORD JESUS bless you 🦅. REPENT
Can you explain the difference in the different ticker symbols? Thanks gali
Trades on the TSX as MENE in canadian dolalrs, and over-the-counter as MENEF in USD
How much did you pay for the chain
Doesn't seem like they are going after men at all. The site is def designed for women. The chain options are quite limited but its a really cool idea. I've been wearing the same 14k necklace for 15 years, wouldn't mind upgrading/investing.
Yeah collab with crowd-based design would be cool too
i had a custom 24k chain made 5 years ago still wear it daily !
How does Menē protect themselves from buying back jewelry that has been adulterated? Or how do I ensure that the jewelry I buy from Menē is pure 24 Karat, ensure that it has not been adulterated?
Kindly explain how to adulterate a branded 24k gold chain? Melt it, mix in base metal, remelt it, cast it into exactly the same shape and size chain, and then hope that they don’t notice, perform a metallurgy test, or simply reweigh it? Is that what you are worried about? 🤣
Do they sell gold coins?
San N no they are not a refinery, they are a jeweller. You can buy coins directly from refiners if needed, RCM, Perth Mint etc. Check their websites
10% of total value? Thats high man. U prolly dont get ur taxes back on sale either but I agree that it is a lot better than the Tiffany BS. My wife watched this vid with me and she still wants the Tiffany garbage...
Whats the length of your menē chain Gali
18 inch
I haven’t even purchased yet and I already love mene but the item I want for a few days now is out of stock 😩
That chain makes you look really great😊😜😊
I love the transparency on disclosing the weight of the gold, and that the price reflects real time gold prices. HOWEVER, before you order two things to consider: 1. They only offer refund or exchanges after taking a 10% restocking fee on the product. So if you purchase a $2000 chain and don't like the craftmanship, you will either get a $1800 refund, or a $1800 credit. 2. One of the reasons that 24K gold isn't widely used in the jewelry industry is due to it's softness. Most intricate designs cannot be produced using 24K gold. When 24K gold does get used in jewelry, they tend to look coarse and uneven. Google for Mene product videos and you'll see how uneven their rings and how kinked their chains are. And, side note: most of their clasps are made in 18K gold and on a 24K chain, that clasp really stands out because it's in a very different shade of yellow!.
Jewelry is step 1. Clothes is step 2. I have a massive idea for clothes/ bags if you’d like to know
Do they also sell chains made of 24k BTC?
Great video!
What service would you recommend to invest in OTC stocks like this one?
Gali, the audio is quite bouncy, it makes it hard to listen. Thanks man!
I used a new shotgun mic, thanks for the feedback
Yeah unfortunately it's the worst I've heard your mic in a while. There's this echo. Great content though!
Do you know how much mm that chain is?
Stock up 35% today.. you moving markets over here??
Gali pumping the stock. Up 30% already :D