Quarterly Report to Customers

5 January 2009

Dear Sir or Madam:

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

As of 31 December 2009, a total of 13,987,218.321 goldgrams, valued at US$496.4 million, are in circulation within GoldMoney. Additionally, our customers also own 17,881,353.483 silver ounces valued at US$303.8 million and 133,105.682 platinum grams valued at US$6.2 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 31 December 2009 is 449,700.781 ounces of fine gold.

The reports by VIA MAT International Ltd. that record 17,881,353.483 ounces of silver in allocated storage for GoldMoney customers as of 31 December 2009 can be viewed for its vaults in London and Zurich.

Finally, the report by VIA MAT International Ltd. that records the total weight of platinum in allocated storage for GoldMoney customers as of 31 December 2009 can be viewed for its vault in Zurich.

I also refer to the report by Andium Trust Company. It records from the GoldMoney database tables that as of 31 December 2009 the total quantity of goldgrams is 13,987,218.321, silver ounce is 17,881,353.483 and platinum grams is 133,105.682.

Thus, we are pleased to confirm that the total weight of fine gold, silver and platinum in the vaults equals the total quantity of goldgrams, silver ounces and platinum grams within GoldMoney, which is our guarantee to you.

Yours truly,

James Turk
Founder