20 May 2007 - GoldMoney today announced the availability of Customer Segregated Funds Accounts, making it even more convenient to buy and sell gold and silver through GoldMoney.
GoldMoney customers can use their Customer Segregated Funds Accounts to diversify their holding into four major currencies: US dollars, British pounds, Euros and Canadian dollars, and use this money to purchase gold and silver from GoldMoney. When customers sell metal, the proceeds can be placed into these same accounts and earn interest at very competitive rates, while GoldMoney continues to provide 24/7 access to their money and their metal.
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.
An additional new feature allows GoldMoney customers to add or remove funds from their Holding, and easily transfer between GoldMoney and their conventional bank accounts.
GoldMoney accepts money transfers by electronic check or bank wire. Once funds are received and placed in a Customer Segregated Funds Account, customers begin earning interest until they buy gold or silver at the site.
WHAT THIS MEANS
1) A new way to use our electronic check feature
As before, customers can use electronic checks to debit their bank account in the US to pay for metal purchases or to automatically receive sale proceeds. Beginning today, customers can also write and receive electronic checks from the US dollar Customer Segregated Funds account. This function enables customers to deposit money directly into a GoldMoney Customer Segregated Funds Account and earn interest while waiting for the desired market condition to buy gold or silver.
2) Purchases paid by bank wire
Presently when purchasing by bank wire, the funds must be received within 2 business days for customers to 'lock-in' the buying rate. Bank wire fees are costly and often delayed, with the consequence that late orders are sometimes completed at a price different than what the customer had expected to receive. This new feature eliminates the time lag and allows customers to buy immediately at the price at which they desired.
In addition, customers can sell their goldgrams and silver ounces and dictate which currency they wish to use.
3) Earn interest on your money before buying gold or silver
Customers earn interest on their money in the Customer Segregated Funds Account before they buy gold and silver. There is no minimum or maximum amount, but the funds must be used to buy a precious metal.
FASTER AND CHEAPER
Our new segregated funds feature save customers both time and money. Buying and selling is now easier and faster, and eliminates the costs of funds transfers every time an order is placed.
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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