February 11, 2004

GoldMoney hits the Tonne

Goldmoney, a DGC with strong governance and strong growth, announced it had reached a metric tonne in mass of gold in accounts. That's about $13.2m worth, or about €10.3m at today's spot prices.

It also announced 10,000 customers in 100 countries.

Goldmoney's growth has been consistent at about 4 times per year for the last year. If it maintains this rate of growth, it will take over prime position from e-gold sometime around the middle of 2004, measured by mass of gold.

Other measures - primarily the number and size of transactions - are not reported byDGCs other than e-gold, the current market leader. The provision of detailed gold bar reports and statistics is necessitated by good governance practices, something that doesn't apply so clearly to transaction statistics.

Posted by iang at February 11, 2004 04:43 PM | TrackBack