DGC Blog

GoldMoney Holdings Pass US$1 Billion Mark

June 01, 2010

LONDON–(BUSINESS WIRE)–GoldMoney, one of the world’s largest providers and holders of physical bullion for retail investors, now stores more than US$1 billion on behalf of its customers in vaults in Zurich, London and Hong Kong. The company has achieved a growth of 112% over less than 18 months based on US $476 million of customer assets at the beginning of 2009, thanks to particularly strong demand for physical gold.

Geoff Turk, CEO of GoldMoney, said: “Investors are now more than ever looking for a safe haven for their money. As gold has, on average, registered a yearly appreciation of approximately 17% over the past nine years, many investors have chosen to safeguard their portfolio by owning a tangible asset and simultaneously benefit from the price appreciation of precious metals.

“The market is being driven by the growing fear in the financial community that just like Greece, other nations might end up revealing huge budget deficits. GoldMoney therefore expects that the uptrend in gold has further to go. We expect to see customer assets grow as the price continues to rise. More and more people will turn to GoldMoney to protect their wealth.”

GoldMoney is the leading provider for the online sale and storage of physical gold, silver and platinum to retail buyers.

About GoldMoney

GoldMoney is a fast growing enterprise founded by James and Geoff Turk. As one of the world’s largest providers of physical bullion for retail investors, GoldMoney is combining 21st century technology with the world’s oldest money: Gold. The company efficiently uses the internet to make the online purchase and the storage of gold, silver and platinum secure, convenient and economical. Residents of 85 countries can establish a GoldMoney Holding to build savings and secure their wealth by owning pure gold, silver and platinum with GoldMoney.com. All precious metals are insured and stored safely and conveniently for the investor in specialized bullion vaults in London, Zurich and Hong Kong. By performing regular audits GoldMoney constantly ensures and verifies the contents of their bullion vaults, thereby setting the industry standard for companies in this sector.

GoldMoney services can be accessed at GoldMoney.com.

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