Goldmoney® was founded in 2001 by James Turk, an international banker who spent 40 years in the financial services industry at The Chase Manhattan Bank and the Abu Dhabi Investment Authority.
James, his eldest son Geoff, and several prominent financiers came together to establish a financial institution that would recognise gold's significance as a financial asset. They understood the valuable role it would play in a global economic system that was, for the first time in thousands of years, unlinked to precious metals. Before Goldmoney, the opportunity to preserve purchasing power and diversify wealth with precious metals had been inconvenient, expensive, and restrictive.
Our founders' ambition, focus, and prescient timing led Goldmoney to become the global leader in precious metals custody and investment. By offering transparent access to precious metals, we have empowered tens of thousands of clients with the ability to safeguard their wealth in times of crisis and prosperity alike.
In 2015, Goldmoney® merged with BitGold, an innovative gold payments technology company founded by Roy Sebag and Joshua Crumb forming a new entity, Goldmoney Inc which was listed on the Toronto Stock Exchange in May 2015.
Goldmoney® is the world's most trusted precious metals custodian and investment firm. Since 2001, we have been serving individuals, families, and corporations with physical access to gold, silver, platinum, and palladium for investment and long-term wealth protection. We provide the best way to invest and trade allocated precious metals online and ensure secure storage in specialised vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom.
James has over 40 years' experience in international banking, finance, and investments. He has lead assignments and Commodity departments in Abu Dhabi, Thailand, the US, the Philippines, the UK, and Hong Kong.
Goldmoney Inc. (TSX:XAU) is a global, full-reserve, and gold-based financial services business. Goldmoney Inc. provides financial services as a limited third-party, combing the unique attributes of gold with technology driven innovation. Through Goldmoney® the company offers precious metals custody, trading and execution, wealth management, and research to individual investors and institutions. Through BitGold the company operates a self-directed savings platform and payments network allowing individuals and businesses to make or receive online, in-store or mobile payments. Goldmoney Inc. has over 1,000,000 customers from over 200 countries and $1.6 Billion in client assets under administration. Goldmoney is regulated by the Jersey Financial Services Commission (JFSC) as a Money Services Business. The JFSC is the main supervisory body that oversees and regulates Jersey's large financial services industry. For more information on Goldmoney, please visit our Investor Relations Portal.
The benefits and dependability of gold and silver should be easily available to everyone, with assurances of integrity, security, and transparency. It is Goldmoney's mission to offer an easy and efficient way to buy gold, silver, platinum, and palladium online with safe and secure storage.
We do not permit any financial activity that is not fully reserved. All transactions are paid in full at the time they are settled. All currencies, precious metals, and even investment securities are fully paid and unencumbered.
We are required by our regulator to keep client assets segregated from our operational assets. Your currency, metal, and investments are held in allocated client accounts and vaults with property rights corresponding to each client.
Goldmoney Inc. has adopted best practices in Corporate Governance. The corporation is governed by a Board of Directors that has implemented a Code of Conduct, Code of Ethics, Internal Audit Policy, and Whistle Blower Policy.
Every metric gram, kilogram, or tonne of gold, silver, platinum, or palladium that a client has acquired or transferred into Goldmoney® is owned and allocated to the client upon settlement.
Goldmoney operates in Jersey under two Jersey-based wholly owned subsidiaries of GoldMoney Inc. Net Transactions Limited, which provides metal storage services for GoldMoney clients, and Net-Gold Services Limited, which undertakes the purchase and sale of precious metals.
Goldmoney is regulated by the Jersey Financial Services Commission (JFSC). The JFSC is the main supervisory body that oversees and regulates Jersey's large financial services industry. Goldmoney is largest regulated Precious Metals custodian and investment firm.
Jersey enjoys a global reputation as a key offshore financial centre. It has achieved this position with its well-developed financial and professional services infrastructure, system of regulation, a robust legal system, including strong privacy and data protection legislation, and a stable political environment. Goldmoney in all respects operates within the legal framework and the data privacy regulations applicable in Jersey.
Goldmoney is regulated by the JFSC as a Money Service Business, and its regulated status can be confirmed by searching for 'Net Transactions Limited' on the JFSC website's regulated entities Search Page
Goldmoney Inc. has paired human civilization's best performing money with innovative financial technology. At Goldmoney, we were the first to identify the power of the internet and transparent access to precious metals. Through Goldmoney Personal, we're advancing the digital payments revolution by helping people securely acquire, store, and now spend gold with unprecedented simplicity.
Both Goldmoney and Goldmoney Personal, Goldmoney Inc's wholly owned payments subsidiary, utilize the "Aurum" Patent-Pending Technology. Aurum reinvents gold trading and settlements by integrating all aspects of the trade into one process, allowing for instant settlements and secure transactions across any device, in any currency, around the world.
Our development team builds on decades of experience in the financial space, crypto-currency, security, legal and compliance, and develops all the Goldmoney Inc. software in-house.