Awesome. GoldMoney is announcing this month that all customer accounts can now take delivery of physical gold bars in 100 gram or 1 kilo sizes.  Here is the news:

GoldMoney launches gold bars

London: 7 May 2009 – Customers of GoldMoney, the leading provider of digital gold currency payments and one of the world’s foremost dealers in gold and silver bullion to retail investors, can now redeem and take physical delivery of their gold in convenient units of 100 gram or one kilo (1,000 gram) gold bars. Through partnership with Baird & Co, one of the leading bullion merchants and refiners in the UK, conversion of goldgrams into physical gold bars for insured mailing or collection may be completed at any time.

“GoldMoney has always made it possible for customers to convert their goldgrams into 400 ounce gold bars; it is one of the foundations of the GoldMoney guarantee to its customers. Now the introduction of 100 gram and kilo bars makes it possible for a wider range of customers to take delivery of physical metal,” said GoldMoney founder, James Turk.

“We are delighted to be working with GoldMoney on this exciting new venture,” said Baird & Co. founder, Tony Baird.

GoldMoney customers can open an account with as little as £10 and transfer funds to specially segregated customer funds accounts prior to placing a specific order for gold or silver. Orders and payments are made through a secure online system and processed by GoldMoney’s servers, which record transactions and store currency and metal balances. All customer metals are insured and held in allocated storage in specialised bullion vaults in Zurich and London, and the metals are audited annually and reported to customers.

As of 7 May 2009, GoldMoney 100 gram and one kilo bars are only available to GoldMoney customers resident in the UK. We expect to make these bars available to all of our customers in June 2009 after the initial trial launch has been completed.

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Contact:
Pelham (PR advisers to GoldMoney)
Damian Beeley damian.beeley@pelhampr.com +44 (0) 20 7337 1508

Charles Goodwin charles.goodwin@pelhampr.com +44 (0) 20 7337 1521

Baird & Co.
Tony Baird tony@goldline.co.uk

About GoldMoney

GoldMoney, the inventor of digital gold currency, is combining 21st century technology with the world’s oldest money – gold – to make the online purchase of gold and silver safe, convenient and economical. Not only is GoldMoney the fastest growing digital gold currency, it is also the largest. Its regular audits and governance procedures have set the industry standard. These advantages have made GoldMoney a world leader in the buying and selling of gold and silver bullion. Anyone can use GoldMoney to build their savings and secure their wealth by owning pure gold and silver that is insured and stored safely and conveniently for them in a specialised bullion vaults near London, England and Zurich, Switzerland. GoldMoney services can be accessed at GoldMoney.com.

About Baird & Co.

Baird & Co. Limited was established as a firm in 1967 dealing in numismatic gold coins of the world and moved towards volume dealing in bullion gold as government restrictions eased in the 1970s. Commercial refining of precious metals is now one of the cornerstones of the Baird & Co. operation, as the UK’s largest gold refiner and leading producer of Precious Metal Investment Bars. Uniform and consistent hardness, dimensional accuracy and flawless surface are given maximum priority across all Baird & Co. production practices. In September 2000 Baird & Co. was accepted as a member of the London Bullion Market Association and as an associate member of the London Platinum and Palladium Market in April 2009. For more information, please visit Baird & Co. Limited.