Quarterly Report to Customers

1 July 2009

Dear Sir or Madam:

I am pleased to provide you with this report on the GoldMoney Governance model.

As of 30 June 2009, a total of 13,068,875.790 goldgrams, valued at US$392.6 million, are in circulation within GoldMoney. Additionally, our customers also own 15,802,391.851 silver ounces valued at US$220.2 million.

I refer to the reports by VIA MAT International Ltd. that record the total weight of gold in allocated storage in its vaults in London and Zurich for GoldMoney customers as of 30 June 2009 is 420,175.260 ounces of fine gold.

The reports by VIA MAT International Ltd. that record 15,802,391.851 ounces of silver in allocated storage for GoldMoney customers as of 30 June 2009 can be viewed for its vaults in London and Zurich.

I also refer to the report by Andium Trust Company. It records from the GoldMoney database tables that the total quantity of goldgrams as of 30 June 2009 is 13,068,875.790 and 15,802,391.851 ounces of silver.

Thus, we are pleased to confirm that the total weight of fine gold in the vaults near London, England and Zurich, Switzerland equals the total quantity of goldgrams within GoldMoney, which is our guarantee to you. GoldGrams are 100% gold, always.

Additionally, as part of our guarantee to you, we are also pleased to confirm that the total weight of silver in the vaults near London, England and Zurich, Switzerland equals the total quantity of silver within GoldMoney.

Yours truly,

James Turk
Founder