GoldMoney was founded in 2001. Based on the British Channel Island of Jersey, the company allows people to buy gold, silver, platinum and palladium online, and store their metal in secure vaults in Canada, Hong Kong, Singapore, Switzerland and the UK. GoldMoney also allows people to take physical delivery of gold and silver bars. GoldMoney's vaults are audited by Big Four accounting firms, and the company also uses ultrasound bar testing to ensure the quality of the gold held for customers. It costs nothing to open a GoldMoney Holding, and GoldMoney can conduct currency transactions in US dollars, euros, British pounds and 6 major other currencies. As of November 2014, GoldMoney safeguards over US$1.2 billion of precious metals, held by over 22,000 customers in 105 countries.