GoldMoney is a digital gold currency founded in 2001 by James Turk. GoldMoney's main office and servers are located in Jersey, one of the Channel Islands. GoldMoney is primarily used by clients to buy gold as an investment and, secondly, as electronic money amongst users. Unlike BullionVault, for example, GoldMoney allows the instant transfer of gold between user accounts. Clients can always sell their gold back to GoldMoney at the current gold price.
As of June 30, 2006, GoldMoney had 176,600 ounces (5,492,899 grams) of gold in storage, which was worth $108.0 million. They also had 2,666,445 ounces (86,935,772 grams) of silver, worth $28.5 million at the time.
As of June 30, 2006, GoldMoney had 176,600 ounces (5,492,899 grams) of gold in storage, which was worth $108.0 million. They also had 2,666,445 ounces (86,935,772 grams) of silver, worth $28.5 million at the time.
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