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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 Internation Limited
Paul Alston paul.alston@inspectorate.co.uk

About GoldMoney

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. 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 vaults near London, England and Zurich, Switzerland. GoldMoney services can be accessed at GoldMoney.com.

About Inspectorate International Limited

Part of the Inspicio group; Inspectorate International Limited has been established through the consolidation of various industry leading companies over the last 150 years. Notable developments include the appointment as assayer to the Bank of England and the Royal Mint in 1885, expansion into Europe and the Middle East in 1927 and establishment of one of the first major foreign inspection companies in China in 1992. Inspectorate provides professional inspection and testing services to various sectors including oil, petrochemicals, minerals and metals with localized expertise in a range of technologically advanced inspection, sampling and testing services around the world. Inspectorate International Limited is an associate member of the London Bullion Market Association. For more information, please visit http://www.inspectorate.com/technical_expertise/gold_services.asp.