4 January 2006 - GoldMoney today announced that its customers can now buy physical silver bullion online through the popular GoldMoney.com website.
The GoldMoney website now offers silver buy and sell rates in the same four currencies available to customers already transacting in gold - US dollar, Canadian dollar, Euro and British pound.
Additionally, in keeping with GoldMoney's underlying basic principle that 'gold is money', customers can use their goldgrams to purchase silver.
To purchase silver, customers simply log into their GoldMoney account through the secure online link and choose the amount of silver they wish to purchase, and the currency to pay for their purchase. Also, as is the case with gold, purchases using US dollars can be automatically deducted from a customer's bank account with our convenient electronic check feature.
In addition, if they want to sell, customers sell their silver at the current spot rate for any of the four national currencies and goldgrams that is provided 24/7 on the GoldMoney website. The proceeds from the sale will be in their bank account the next day, or in their Holding the same day if they sell their silver for goldgrams.
As a special bonus to introduce this new way to buy silver, GoldMoney is waiving all silver storage costs through March 2006. Beginning April 1st, normal storage cost will apply, which is less than 1% per year (0.0825% per month). The silver is stored in a specialised bullion vault near London, England, and all silver is insured through a policy underwritten at Lloyd's of London.
In announcing this new service, James Turk, founder of GoldMoney said: 'Customers now have the same convenient way to buy and sell silver already being enjoyed when they transact in gold. And for our customers in the USA, payment for silver purchases can be deducted directly from the customer's bank account, so anyone can therefore purchase silver easily and conveniently at low cost compared to other alternatives.'
Anthem Blanchard, GoldMoney's Director of Product Development & Marketing, adds: 'Our customers appreciate the convenient, economical way they now buy gold, and the safety GoldMoney provides them with insurance arranged through Lloyd's of London and the extensive governance applied to their gold. But they've told us they want to purchase silver as well. In fact, silver has been the most requested addition to the GoldMoney website, so we are pleased to announce this new innovation, which simplifies the purchase and storage of silver just like GoldMoney has simplified the purchase and storage of gold.'
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. The same advantages that have made GoldMoney a world leader in gold bullion are now available with silver.
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 vault near London, England.
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