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GoldMoney completes “GoldMoney Standard” testing

29 March 2011 – GoldMoney, one of the world’s largest providers of physical bullion for investors, has completed testing of all the gold bars stored for customers in London, Zurich and Hong Kong. This marks the advent of the GoldMoney Standard, which now offers every customer added safety assurances.

Since October 2010, GoldMoney has utilised ultrasound technology to check the quality of customers’ precious metals for the GoldMoney Standard. If the scan shows that the bullion bar might contain foreign material, at GoldMoney’s expense the bar is melted down, assessed and recast. Only ten of the 1,377 stored gold bars failed the ultrasound test and were recast. Therefore, with the GoldMoney Standard, the company has once again taken the lead in establishing the highest quality standards for customers.

Geoff Turk, CEO of GoldMoney, said: “GoldMoney is an innovative company whose objective is to offer the best service to its customers. The quality of the precious metals bought by and stored for our customers is a top priority. By introducing this ultrasound test, we have included yet another independent check to make sure our chain of integrity is efficient and safe. We value the trust our customers place in us, and are therefore pleased to add these new security measures in the GoldMoney Standard to ensure we meet our customers’ high expectations.”

More information and a video on ultrasound testing are available at http://www.goldmoney.com.

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About GoldMoney

GoldMoney is a fast growing company founded by James and Geoff Turk. As one of the world's largest providers of physical bullion for retail and institutional investors worldwide, 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 storage of physical bullion secure, convenient and economical. Residents of 105 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 in specialized bullion vaults in London, Zurich and Hong Kong. By arranging regular audits by independent third-parties, GoldMoney reliably ensures and verifies the contents of the bullion vaults, thereby setting the highest industry standard – the 'GoldMoney Standard' – for safety of its customers' assets.