A new case for GOLDMONEY - formerly BITGOLD

Early in 2016 I discovered an online service, called BITGOLD, that allows members to save in an electronic form of gold. My basic understanding was that BITGOLD is a form of crypto-currency like BITCOIN, but backed by gold. Then in May, I decided to give BITGOLD a try after watching an interview of Rick Rule, the CEO of SPROTT USA. Since then, BITGOLD bought out a bullion bank called GOLDMONEY and named the combined companies GOLDMONEY Inc.

A case for BitGold

Earlier this year I heard about BitGold (sign up for BitGold here) and thought it was something like BitCoin (find out more information about BitCoin here). Because I am not interested in electronic crypto currencies I did not look into BitGold. All that changed when I watched an interview with Rick Rule where he admitted to testing the service. This got my interest.