Canadians can now use 'electronic checks' to buy & sell gold

28 October 2004 - GoldMoney today launched a new service that enables Canadian customers to purchase goldgrams with 'electronic checks' at GoldMoney.com.

The GoldMoney website is now linked into the Canadian banking system. So to purchase gold, Canadian customers can simply log into their GoldMoney account through the secure online link and choose the amount of Canadian dollars they wish to use in their goldgram purchase. The payment will then be automatically deducted from their bank account.

In addition, if they want to sell, they can now exchange their goldgrams at the current spot rate for Canadian dollars, which is provided 24/7 on the GoldMoney site. The proceeds from the sale will be in their bank account the next day. In addition to benefiting by receiving the current spot rate when they sell their goldgrams, the new electronic interface with the Canadian banking system enables GoldMoney to transfer the Canadian dollar proceeds directly to the customer's bank account without any bank wire fee.

In announcing the new service, James Turk, founder and director of GoldMoney said: "Canadians now have the same convenient way to buy and sell gold already being enjoyed by our customers in the USA. Payment for their goldgram purchases can be deducted directly from their Canadian dollar bank account, so they can therefore purchase gold easily and conveniently at low cost compared to other alternatives."

Adds Turk: "With our new lower rates and added convenience, customers can now hold their money in goldgrams and then have Canadian dollars transferred conveniently to their bank account when they need to pay some bills or get cash at an ATM."

It is expected that Canadians will find GoldMoney to be an easy and economical way to build their savings and secure their wealth by owning pure gold stored safely and conveniently for them in an insured vault in London, England.

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GoldMoney is digital gold currency - gold in digital form that can be accumulated, spent and transferred electronically. By converting the world's oldest money into a new and much-needed digital currency, GoldMoney allows merchants and consumers to avoid the risk and expense of credit cards as well as the hassle of using conventional fiat currencies online. GoldMoney has been awarded four US patents for its asset-based online transaction system. GoldMoney services can be accessed at GoldMoney.com.

For more information contact:
James Turk
Founder, GoldMoney
info@goldmoney.com

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