GoldMoney - GoldMoney introduces quarterly vault audits

GoldMoney introduces quarterly vault audits

London: 6 October 2009 - GoldMoney is pleased to announce that it has recently appointed Inspectorate International Limited to perform independent audits of gold, silver and platinum held on behalf of GoldMoney customers.

Inspectorate performed the first such audits as at 31st August 2009 in respect of both the London and Zurich vaults, their audit certificates can be viewed here. Going forwards Inspectorate will perform their audits on a quarterly basis which will provide a high level of assurance to GoldMoney customers.

'GoldMoney has always aimed to achieve high standards of governance and assurance for customers; now the introduction of independent audits on a quarterly basis raises the bar still further,' said GoldMoney CEO, Geoff Turk.

'We are delighted to be working with GoldMoney. They have recognised the value of appointing an independent Inspection Company with the reputation of Inspectorate's as part of their ongoing enhancements to the level of assurance provided to their customers,' said Inspectorate representative, Paul Alston.

GoldMoney customers can open an account with as little as £10 and transfer funds to specially segregated customer funds accounts prior to placing a specific order for gold or silver. Orders and payments are made through a secure online system and processed by GoldMoney's servers, which record transactions and store currency and metal balances. All customer metals are insured and held in allocated storage in specialised bullion vaults in Zurich and London, and the metals are audited quarterly and reported to customers.

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Contact:

Pelham (PR advisers to GoldMoney)
Damian Beeley damian.beeley@pelhampr.com +44 (0) 20 7337 1508
Charles Goodwin charles.goodwin@pelhampr.com +44 (0) 20 7337 1521

Inspectorate International Limited
Paul Alston paul.alston@inspectorate.co.uk