flix (OP)
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December 07, 2011, 10:35:48 AM |
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Coinabul gold price Gold Oz in BTC ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fcoinabul.com%2Fskin%2Ffrontend%2Fdefault%2Fdrug-store%2Fimages%2Fmedia%2Fchart.png&t=665&c=Hb0sz8k3OPbdhg)
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Stephen Gornick
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December 21, 2011, 02:31:09 AM |
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tl;dr; Customers may no longer send and receive payments in precious metal. Dear Customer, We are writing to advise you of a change of services we currently offer to our customers with a Full Holding. Since the launch of GoldMoney in 2001, we have continued to change and adapt to the global increase of compliance requirements for payment service providers. Due to this growing trend of regulation we have decided to suspend the following services until further notice with an effective date of the 21st January 2012: * The facility to make and receive payments in precious metals to or from other GoldMoney Full Holding customers. * The facility to convert directly between the various currencies. Basic Holding owners do not have access to these features and are therefore not affected by this change. Our research has proven that our customers' use of the metal payments and currency exchange services is not significant and we trust that the suspension of these services will not be inconvenient for the majority of our customers. In accordance with our Customer Agreement, we are providing advance notice of this change to our services that will take effect on the 21st January 2012 at 12am local London time (GMT). You will be able to make metal payments and currency exchanges up to this date. We continue to provide a secure and reliable platform for the purchase, sale and storage of your precious metals. This includes enhancing our systems, introducing and adjusting our products and services, and making our website the most effective tool for managing your precious metals portfolio. With this in mind, we have prepared a brief survey to gauge your interest in current products and also possible future products we may introduce, depending on the feedback we receive from you. The survey can be completed at the link below. All feedback received is anonymous unless you choose to provide us with your contact details. https://www.surveymonkey.com/s/goldmoneyWe thank you for your continued business, and we will sincerely appreciate any feedback to help us determine the products and services that are of most interest to you. Kind regards Your Relationship Management Team - http://www.thebitcointrader.com/2011/12/goldmoney-is-no-longer-money.html
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Dusty
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December 21, 2011, 06:36:31 AM |
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Customers may no longer send and receive payments in precious metal And so much for the proposal of Doug Casey: There’s huge and growing appetite around the world for alternatives to the dollar. Bitcoin is a beta version of what’s coming in the post-dollar world. GoldMoney, however, is already a proven version 2.0. Maybe Doug now will start to understand what a "proven version 2.0" is and looking at bitcoin in a different way...
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flix (OP)
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December 21, 2011, 09:21:18 AM |
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So sad. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif) At least we have a month left to still use it: In accordance with our Customer Agreement, we are providing advance notice of this change to our services that will take effect on the 21st January 2012 at 12am local London time (GMT). You will be able to make metal payments and currency exchanges up to this date.
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flix (OP)
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December 21, 2011, 05:14:56 PM |
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It's probably all about this: United States: FinCEN Answers Frequently Asked Questions About Regulatory Requirements For Gift Cards, Gift Certificates And Similar Stored-Value Cards08 December 2011 http://www.mondaq.com/unitedstates/x/156712/Consumer+Credit/FinCEN+Answers+Frequently+Asked+Questions+About+Regulatory+Requirements+For+Gift+Cards+Gift+Certificates+And+Similar+StoredValue+CardsThe Final Rule regulates all prepaid access, including future access to products or services, such as software, songs, telephone minutes, and games. It is important for retail merchants, when evaluating its prepaid products, to understand that application of the Final Rule is likely not limited to devices that are denominated in dollar value, but rather prepaid access likely includes devices that can be redeemed for a specific good or service.
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Stephen Gornick
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January 05, 2012, 11:08:38 PM |
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Odd that he doesn't mention that in two weeks they'll be killing their online payments capability that Lauren (host) was asking about.
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flix (OP)
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January 17, 2012, 10:52:40 AM |
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fm1234
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January 17, 2012, 03:17:13 PM |
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posted by flix:This interview with the founder of e-gold explains a lot:
Doug had some interesting things to say on Bitcoin as well. Frank
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flix (OP)
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March 01, 2012, 11:37:09 AM |
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Google scrapped plans for virtual currency over regulatory concerns http://www.finextra.com/news/fullstory.aspx?newsitemid=23484Google chairman Eirc Schmidt says the Internet search giant once considered issuing its own peer-to-peer money system, dubbed Google Bucks, but binned the idea because of regulatory concerns. "Depending on how our payments product evolves, we may be subject to a variety of laws and regulations in the United States, Europe, and elsewhere, including those governing money transmission, gift cards and other prepaid access instruments, electronic funds transfers, anti-money laundering, counter-terrorist financing, gambling, banking and lending, and import and export restrictions."
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flix (OP)
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March 09, 2012, 10:46:42 AM |
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flix (OP)
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March 27, 2012, 06:06:18 PM |
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And another place to buy gold with Bitcoin... http://www.bitcoinmint.us/
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miscreanity
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April 02, 2012, 07:35:30 AM |
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Recently, I contacted GoldMoney with a few questions. Here are the interesting bits: Concerning Bitcoin: GoldMoney does not have any connections with Bitcoin and at present has no plans to establish a relationship.
Sad, but things change. About delivery and the risk involved with fractional bar ownership: As GoldMoney safeguards physical metals for our customers, you have the option to take physical possession of your metals at any time. Smaller gold bars of 100 gram and 1 kg can be delivered to your home address and larger LBMA bars to a financial institution of your choice at any time.
Provided we are able to agree on transfer arrangements with the other storage provider, we would be happy to accommodate the request to transfer metal to an alternative provider.
Very good should a situation arise where it's undesirable to transfer your holdings to your home country. On asset seizure and/or forced repatriation as occurred with the Netherlands: The UK, Switzerland and Hong Kong have no history of confiscating assets. While circumstances can of course change, the established track record in these countries gives comfort to our customers. We intend to launch further vault locations in the future, giving our customers additional opportunities to diversify the storage of their metal in yet more locations.
Nice to have diverse locations, but it's the legal issues that are more concerning - pressure can be exerted. GoldMoney has to protect itself and its clients as best it can, yet there's only so much it can do. Regarding production sources: Rand Refinery Limited (South Africa) Metalor Technologies SA (Switzerland) Argor-Heraeus SA (Switzerland) Johnson Matthey Limited (United Kingdom)
GoldMoney does not have any direct relationships with miners or mining companies.
No direct relationships can mean a few different things. As far as I'm concerned, it would be better to have established lines for sourcing metal in case of a supply squeeze, but there may be other contingencies in place for that event.
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Stephen Gornick
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April 03, 2012, 09:16:02 AM |
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Recently, I contacted GoldMoney with a few questions. Here are the interesting bits:
Thanks for sharing that info. I just read "An interview with James Turk": JT: Our decision to turn off the facility to transfer metals between GoldMoney customers in all countries except Jersey is based on lack of customer demand and increasing regulatory burdens. It is our intention to offer this service again in the future, which will depend on customer feedback and regulatory changes. [emphasis added] - http://www.internationalman.com/im-interviews/an-interview-with-james-turk-co-founder-of-goldmoney-com-part-2
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World
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April 25, 2012, 09:39:40 AM |
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interesting interview James Turk gives his timeline on the Dollar's Collapse and Gold's role as the messenger! http://www.youtube.com/watch?v=R0Gag8rvYF8&feature=youtube_gdata_player
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Supporting people with beautiful creative ideas. Bitcoin is because of the developers,exchanges,merchants,miners,investors,users,machines and blockchain technologies work together.
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imanikin
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December 13, 2012, 05:32:59 AM |
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Does anyone have any pros & cons regarding moving to the new Brinks vault in Singapore, which GM just announced?
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