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PRESERVING PURCHASING POWER - A HISTORY

An industry leader since 2001

GoldMoney was founded by James Turk and his son Geoff Turk. Both understand gold's usefulness as a financial asset and value its worldwide role as money. By the early nineties they were already contemplating the use of gold in electronic commerce and increased use of the Internet enabled them to fulfil this goal. GoldMoney now offers the best way to buy gold, silver, platinum and palladium online and storage for all of these precious metals.

Strong growth as a result of the financial crisis

The charts below show the growth in the amount of metal stored with GoldMoney since its inception. Please note that GoldMoney did not start offering silver purchases and storage to its customers until January 2006.

After the economic crisis started to unfold in September 2008, the growth of customer assets accelerated, primarily due to an increasing number of individuals looking to protect their purchasing power by buying precious metals. For a detailed report on the metals and cash held for our customers, please see our latest monthly metals and cash report.

Important milestones

• 2001 – James and Geoff Turk introduce GoldMoney to the public in February
• 2002 – GoldMoney applies for further patents for the use of gold as an electronic currency
• 2003 – The redesigned GoldMoney website goes live
• 2004 – Customer orders lead to 1 metric tonne of gold in storage
• 2005 – Gold storage for clients reaches 4 tonnes
• 2006 – Silver becomes available for purchase and storage and the value of precious metals stored increases to US$100 million
• 2007 – Additional storage facility added in Zurich; storage fees for silver are reduced
• 2008 – Introduction of online verification using Equifax leads to acceleration of the sign-up process for US and UK resident customers
• January 2009 – Addition of new currencies; Swiss franc and Japanese yen (to existing currencies of US dollar, euro, Canadian dollar and British pound)
• April 2009 – Ability to register gold bars under customer name
• June 2009 – Physical delivery of smaller gold bars (in 100 gram and 1 kilogram weights)
• July 2009 – Platinum is introduced
• November 2009 – German website and relationship management service is launched
• March 2010 – Launch of high security vault in Hong Kong
• May 2010 – PIN-Codes for transactions now sent via SMS to customers’ mobile phones
• June 2010 – GoldMoney surpasses US$1 billion of customer assets in storage
• July 2010 – New and cheaper payment facility set up for euro transfers to GoldMoney within Europe
• September 2010 – Equifax online verification introduced for Canadian resident customers
• November 2010 – GoldMoney begins using ultrasound gold bar testing and introduces the GoldMoney Standard
• November 2010 – GoldMoney holds more than €1 billion of customer assets
• January 2011 – GoldMoney launches a redesigned website and introduces palladium as the fourth precious metal customers can buy and store. GoldMoney forges partnership with German Fidor bank
• February 2011 – Standard Life SIPP can now hold physical gold through GoldMoney
• March 2011 –  GoldMoney completes “GoldMoney Standard” testing of gold bars
• April 2011 – GoldMoney surpasses US$2 billion of customer assets in storage
• July 2011 – GoldMoney adds Australian, New Zealand and Hong Kong dollars as currencies that can be used to purchase precious metals
• September 2011 – Additional storage facility added in Hong Kong through G4S
• February 2012 – nanoRep self-service customer support added to the GoldMoney website
• March 2012 – LivePerson's LP Chat customer support added to GoldMoney.com
• April 2012 –  The GoldMoney Laboratory, an educational project to promote awareness of precious metals manufacturing and quality testing, goes live in the Gold Research section of GoldMoney.com
• July 2012 – GoldMoney unveils a new gold storage option: a vault at Zurich Airport operated by Rhenus
• August 2012 – New gold and silver storage offered at a vault operated by Brink’s in Toronto, Canada
• December 2012 – Gold and silver storage now offered in a Brink's vault in Singapore
• April 2013 – New small gold and silver bar storage options unveiled, along with a reduction in storage and exchange fees