One Metric Tonne Now Circulating as Digital Gold Currency

11 February 2004 - GoldMoney announced that it has today issued the one millionth goldgram. There is now one metric tonne of gold circulating as currency within GoldMoney, which has 10,000 customers in over 100 countries.

In reporting this significant milestone, James Turk, founder and director of GoldMoney said: "We are very gratified by this achievement, and would like to thank all of our customers who made it possible. GoldMoney is making the purchase of gold easy and economical, and our tremendous growth shows that our customers are finding GoldMoney to be a better way to buy gold."

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 safe, convenient and economical. Not only is GoldMoney the fastest growing digital gold currency, it is also the largest one to be regularly audited, and its governance procedures have set the industry standard.

GoldMoney has made several important breakthroughs. For example, by linking GoldMoney directly to electronic fund transfer mechanisms in online banking systems, customers can hold their money in goldgrams and then have US dollars or British pounds transferred conveniently to their bank account when they need to pay bills or get cash at an ATM.

Turk adds: "The response from customers to our new lower rates and added convenience has been terrific. Customers are using our new electronic interface with the banking system in the US and UK to transfer directly to and from GoldMoney. It is clear that as uncertainty about national currencies grows, people are increasingly turning to the stability and security of gold."

Anyone can use GoldMoney to build their savings and secure their wealth by owning pure gold stored safely and conveniently 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.

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