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Update 2014: Since we announced we no longer accept gold transfers, we have received countless emails asking to keep the free gold charts and the PGP encryption tools. We sincerely wish you the best in life and hope to keep in contact with you. After that period, any unclaimed gold will go to fund an economic development project in Honduras helping local people to become entrepreneurs.
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We will give everyone at least two full years (until 2016) to contact us to claim their gold. For smaller quantities, we offer to settle in Bitcoin, however we will also settle with any other reasonable payment system. To learn more about the Bitcoin protocol and its feature, please watch " (Bitcoin 2012 London: Mike Hearn).įor those having gold in their iGolder account, we will ship the physical metal to anyone having more than 1 ounce of gold, assuming the owner is willing to assume the shipping costs. Bitcoin is a communication protocol with a built-in "escrow service" capable of protecting both the buyer and the seller, rendering our Safetransit completely redundant. Bitcoin is far superior to iGolder in every way, both in privacy and security as our server is always vulnerable to confiscation. For those who have no idea what Bitcoin is, we recommend doing your own research. The iGolder experiment has been personally rewarding as we met many gold enthusiasts and also learned about Bitcoin in the process. Since iGolder has a central point of failure (our server may be raided by thugs wearing some kind of uniform), we feet it is safer for us to cease operations.
We believe in physical gold ownership, and developed iGolder as a mechanism for people to acquire physical gold by trading with one another. During the past years, we have been recommending Bitcoin more than our own payment system. Since August 1st, 2013 iGolder is no longer accepting new accounts and balances can only be redeemed.
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