15 October 2007 - GoldMoney has today introduced a new storage facility in Zurich, Switzerland, thereby adding a new dimension to its online service allowing investors and consumers to purchase gold and digitise it into currency.
Customers now have the choice of buying/selling gold in Zurich or London. Importantly, they can use their gold in London to buy gold in Zurich, thus giving them the opportunity to move gold from one vault to the other or to diversify their holdings between the two.
In order to facilitate the transfer of gold from London to Zurich, GoldMoney has also today introduced a 20% across-the-board reduction on the fee it charges on metal-to-metal exchanges.
The Zurich vault is owned and operated by VIA MAT International Ltd., which also operates the vault in London. And just like London, all gold stored in Zurich is insured by a policy underwritten through Lloyd's of London.
'This new service is an important step forward for GoldMoney to expand globally,' said James Turk, founder of GoldMoney. 'Investors recognize that gold is the bedrock asset in their portfolio, so they do not want to take risks with it. One way to reduce risk is to diversify the storage of your gold in different countries, which is exactly what this new service accomplishes.'
The GoldMoney website offers gold and silver buy and sell rates in four currencies - US dollar, Canadian dollar, Euro and British pound. To purchase gold in Zurich, customers simply log into their GoldMoney account through the secure online link and choose the amount of metal they wish to purchase and the currency to pay for their purchase. Purchases using US dollars can be automatically deducted from a customer's bank account with GoldMoney's convenient electronic check feature.
In addition, if they want to sell, customers sell their gold and silver regardless where it is stored at the current spot rate in any of the four national currencies that is provided 24/7 on the GoldMoney website.
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 specialised bullion vaults in London and Zurich.
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