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8/14/2019 C-gold Interview -Commerce Gold- DGC Magazine June09
1/9
June 2009 Edition
DGC MagazinePaper is poverty....it is only the ghost of money, and not money itself. - Thomas Jefferson 1788
Malaysia Does it Better!
an interview with C-golD FroM Penang, Malaysia
8/14/2019 C-gold Interview -Commerce Gold- DGC Magazine June09
2/98 DGC Magazine June 2009 Issue
IntervIew:
CoMMerCe GolD
c-gold.comTh ete tevew wth rbet, the cet Cmmece g (c-.cm)
What is you position at Commc Gold?fe M dect, wth vew t et thechmhp ce i h the e t peCEo cpe e.
Whn did c-gold opn it's doos?
Ofcially on 4 July, 2007.
Can I buy physical gold fom Commc?
nt ect, . We 't b, e exche th.o jb t ee ece te the tpve the c-.cm ptm. Eveth ee p tmecht e.
Is c-gold considd a Digital Gold Cuncy? A
th digital units 100% backd by gold?
n, i 't ce t cec, mch i ee t ct . Tht me tht we 't ce t tt meth bcke b , bt te t expe the ct .
Th, the mt te t tme exctthe mt expee t, w.
Are all transactions nal and not reversible?
Yes. In fact, our proprietary system specically has no
ct eve, cce, eet tct.n c we mke che ctme cct,eete cct, etc.
Our own support staff and even the compliance ofcer
hve "e-" cce thee "et" ct.Th t ptect ctme t , tmee tk t hte h t thehe.
Fo ach tansaction, snding digital gold fom on
account to anoth, th is a small tansaction
fee. Who pays that fee the sender or the receiver?
The ecpet.
Do you still vault gold at a location in Penang,
Malaysia?
it te b pvte ctct Pe, M,e.
Why did you cat Commc Gold?
i hve w bee beeve - evet pp- the e- tem. i ct, ht mbee wee ve, ve tme the mecht tht t ccepte e- pmet, becwe beeve the tem. le m the mt ptt tethe ptm e the cw the c ext tep, whe amec-cetc evce h tve the ee.
o ce, thee w the e tht cmc epc ppt w w ce, m ce, hpp pepe w cce, ech w t peeve whteve wethe h et - hve w t e tht wethcmmece.
What advantages does C-gold offer clients o
conventional banking or credit cards?
gve tht tet mket e p--cm ep t, c- tpc the mt ebe (eet t ) tetve mecht wh wt t
be the mt mpe b c bthe ct.
ftheme, the ct c- (e-t-e)tpc we th tet bk wee the p t pet ct cc mecht cct the cte whee mecht c ct et them. s, c- cheeasier to implement, and much faster than any ofin
tt evce tetve.
What are the three top benets to having a c-goldaccount?
1. Chepe th Bk.2. Qcke / Ee th Bk3. se th Bk.
a tht e't eve cct the ct tht e't ee mtpe cec cct, e't to fear ination, and that c-gold can't ever have a liqu
pbem.
What is th smallst amount of digital gold thcould snd to anoth us?
0.0004
As a consum, buying and slling mchandis
onlin, what can c-gold do fo m?
We c pve the ptm t e eceve pmet qck, ece cveet me
Is th an diffnc btwn a psonal c-g
account and a c-gold mchant account?
No. Any veried user account can be used as a merc
8/14/2019 C-gold Interview -Commerce Gold- DGC Magazine June09
3/9DGC Magazine June 2009 Issue 9
cct.
f I wantd to sll poducts fom my wb and add
a 'Pay me with c-gold' button for each item is that
possibl?ye. Tht c be e e the Cck-t-P urltem.
Dos c-gold off a shopping cat o cat
ntgation?o "cck-t-p" tece c be tete thpp ct.
As an onlin mchant, how long would it tak fo m
o add c-gold as a paymnt mthod to my wb sit?
depe c bte the e pct evce e e, mbe 5-10mte.
How much can a c-gold merchant expect to save in
ees over using a credit card merchant account?
Well, rstly there are no up front costs, and no complicatedc eqemet. The thee the ct tht ee 1% tp t t 0.05 bt $1.50 t cet te.Tht me tht ce tct excee 5.00 $150.00 the ee w w em the me 0.05Cmpe tht t the 3 - 12% che b cet cpce the e pve, ' ve tet tw th, bt mt pbb mch me.
e-gold was on of th most succssful opations
n th past dcad. Thi wb sit offd a ton of
statistics lik amount of gold gams on dposit,number of transactions, velocity of spends and
mo. Dos c-gold off simila stats?
c-gold Statistics)
http://c-.cm/tt.php hw the ctvte he t 24 h, we tt mbe cct,
ctve cct, te, etc.
c-gold Holdings)
http://c-.cm/h.php hw the ct embe hmke b te. c-
s the rst and only to actually do that, and we can supplyhe pche ecept ech them. o e, the
M te pve h t ct cct he the te et t the Mx eptmet.
c-gold exchang rats)http://c-.cm/exche.php hw the pce grams in a number of local at currencies
https://c-gold.com appas to b you main wb sit
addss. What is th domainhttps://c-goldpay.com/ ?
8/14/2019 C-gold Interview -Commerce Gold- DGC Magazine June09
4/9DGC Magazine June 2009 Issue 11
s this a phishing web site?
t tew om tt elp wt lo blc.
We ouce tew ou oum weeve te lo
o te m om le to poloe tme out
el. Te mpott t bout tew tt
hey always use the c-gold.com SSL certicate. So, to
avoid getting phished, always check that the certicatecome om c-ol.com
Has c-gold ever been hit with a DDOS attack?
ye.
For consumers, what is the benet of me having a
ocal ofce of Commerce Gold?
Te blt to mke blmet o te pot, t
te pot, pt o ou loe-tem tte, to collect
mece te oee om c-ol mect. i c't
ve ou too m etl bout tt jut et, but tkml oe ctloue om lobl upple to lobl
bue.
As an expert in this industry for many years, where
do you see an expanding customer base? What areas
of the world or age groups (demographic) etc?
We ve ope o C, soutet a, te
Mle Et ac, epecll. But ovemet
polce eem to be ell bet to k te epectve
ecoome te Wet, t look we mt e up wt
ubttl owt tou vtul ecoomc euee
toe coute, well. Bcll, we expect -
oot exploo o mll buee oce te cue
c et eepe, le umbe o people wo b
te ve lot te tut lel tee e look
o ltetve. We tt ppe, te c-ol te
locl (ol?) pt o expo o loclze bte
wpp, wc tpcll eplce ppe moe temt o evee c.
How many Commerce Gold shops (independent
franchisees) does c-gold have around the globe?
Can you tell us where they are located?
We have two types of franchisees. The rst is language
be ecompe ll coute tetoe
wc ptcul lue te m toue. Te
eco cout be, met o coute tt
use English as their primary (ofcial) language.
Cuetl we ve fec, gem, sp, ru
Farsi, Arabic and Indonesian, as well as our rst country
ce ne. We e tlk to teete pte
o M (Cee), Jpee Koe, o
i C o cout ce.
howeve, oe o tem ve opee toe ot
et, becue te cuet ecoomc tuto - te
leltve evomet ome coute - oe ot et
wt te outl. ate ll, op ot eque moe
t locto ek. Tk equpme
(c-gold Statistics) Shows the activities during the last 24 hours, as well as total number of accounts, activeaccounts, gold stored, etc. https://c-gold.com/stats.php
8/14/2019 C-gold Interview -Commerce Gold- DGC Magazine June09
5/912 DGC Magazine June 2009 Issue
stats page
Real Transparency in a DGC. This is the c-gold Holdings page for June 2, 2009.(partial) You can see theexact number of bars of being held at c-gold including their hallmark, serial numbers, weight and purity.
Our graphic is a partial list, the actual page is a lot longer on the web site. https://c-gold.com/holdings.php
8/14/2019 C-gold Interview -Commerce Gold- DGC Magazine June09
6/9DGC Magazine June 2009 Issue 13
t, toe clt, ecut, etc.
How do I become a Franchisee and what does that
mean?
fcee, wle u te buee
epeetl, o become c-ol' excluve o-to
vetue te epectve tetoe. Te pove
cutome uppot to te ue te e, ve te
excluve t to ope op, ppot ub-cee,
e te ol oe tt c ccept blmet cltte eempto. Exce mect
octe wt ce teto e lo el to el
wt te epectve cee, te t wt u.
On the direct benet side, franchisees earn up to 70% of
ll tcto ee, c et te ow blmet
eempto ee, te wt exce, etc. (epe
o te locto pplcble lw).
Becom cee tt ow l e
for qualied individuals. But we do vet applicants, and
m eque bo to be ble to c-ol, too c oce-ol ce ee (wc epe o
e cout potetl mket ze). We lo pove
raining in combating fraud, verication procedures, AML
tem, etc.
Multiple Choice - Has the number of c-gold
customer holding accounts grown:
A) Much faster than we expected. We are very
excited about the future.
B) Growth has been slow and has currently leveled
off.C) There is not way to know whether our growth is
ast or slow, there are no other companies like ours
or a proper comparison.
D) None of your business, stop asking me such
questions :-)
et) E-- slowe t expecte tll, but evetele
e umbe ow tel, ou to o ccout
ope to ccout ue mz 3.5 : 1 i beleve
hat c-gold is the rst to achieve anywhere near that
to.
Would you permit the funding of an account withgold Dinars?
do ou me te d ol co (e), o te e-
ol-bcke cuec (o)?
Where do you see the price of gold moving to in the
next 2-3 years?
Pce o ol? you me te bte vlue o ol etu
o ote tem o tble vlue? Well, tt wll pobbl
em ve muc te me o te oeeeble utue.
ate ll, tem o ol, te vee ome pce 't
ce muc o te pt 100+ e. no ve te
cot o bel o ol, ecet tee-pece ut, oo
e o two wt we, etc. Tee e occol pke
wc ol e o ll lowe t te cot o ote
items in at currency terms, but these are typically shor
lve.
i ou wt me to pect te doll vlue o ol, well, i'm
o popet o ocle, but, be o pt t, i' expect
ol to e te be coecto ext mot, te
cotue to e utl te c ove equlbum ece betwee te pce o ol te pce o
coume tem.
If I want to withdraw a kilo of gold from my account,
can you ship it to me outside of Malaysia?
We o't p t. But, ou c cotct pp
comp, ve tem pck up o b,
ve t elvee to ou, pove t llowble ou
cout o eece, o coue.
Does c-gold offer digital silver or digital platinum?
no.
What locations can I visit if I want to add gold bullion
to my c-gold account?
Te pm toe clt Pe, Ml. Tue
Tu 2:00 - 4:00 PM, b ppotmet.
Two o te cee e lo pep to ccept ec
blmet, but te locto o te clte e et to be
ouce.
I have three kilos of gold in my briefcase today, if was local and wanted to deposit that to my c-gold
account, what would I have to do?
Cll e, op b (b two pece o id), op tem
o, wt o pelm . Te ou et ecep
bt lte te klo ppe blmet ou
veried account.
If I want to redeem digital gold and pick up physical
gold at your ofce, is there a minimum amount for
this transaction?
ye. you c cuetl ol eeem klo b. smlle
mout wll become vlble we we tt mk ouow pece.
Can I pick up one or two ounces?
neve ouce. Commece gol pece wll be gm-
eomte (10, 25, 50, 100, 500)
Are there any c-gold merchants today that would
deliver a small amount of gold to me via snail mai
and accept c-gold grams?
not tt i kow o, but i'm ue ou' mke t wot te
wle tt omeoe mt e to te occo.
8/14/2019 C-gold Interview -Commerce Gold- DGC Magazine June09
7/9DGC Magazine June 2009 Issue 15
Gold-Pay.com
Immediate payment no waiting for checks to clearor credits to be made.Low fees lower than credit cards or competingpayment services, with no chargebacksPayment gateway makes it easy to accept Gold-Pay on any website.Secure, user friendly access to your account.
https://www.gold-pay.com
f I have questions or comments about c-gold can
pst them and get a respnse frm yur frum?
http://www.c-gld.ws/
abote. Te fom epec met oce
o omto me o e to commcte
wt ec ote, we ptom o to t
oc wt e tee eve pobem wt te c-o
ptom. Tt o w we coe exte pove
o ot te om.
Smart people have been parking their money in
digital gold and silver to avoid losing value as they
wuld if the mney was in a bank. GldMney is nt
yet widely used fr cmmerce, in fact I think c-gld
has mre merchants.
goMoe tet eet e be
eet evee moe to c-o. We we o ve
qte ew e wo e te c-o ccot cep
coveet w to toe o, wc we cet
wecome, o pm tet mket e mect
e ctome. a e, c-o moe mect
ote ve-be ptom oe to. ict, we moe eptbe exce opt c-o
within the rst month of our opening, than any other
pove te to o te t.
Multiple Chice:
knw the 'c' stands fr 'cmmerce' but was c-gld
riginally set up t facilitate:
A) online cnsumer/merchant sales transactins?
B) Easy and inexpensive online fund transfers
arund the glbe?
C) An easy way to accumulate wealth and savemney using gld?
D) All of the above?
E) None of the above?
[F] = A&C with the qualication that our merchant/
consumer-centric strategy encompasses ofine
mect, mc, ot ct moe, t oe
oe.
Where d yu get yur daily spt prices frm?
We ve tpe-te, tt wt dgCsC.o,
wc Ktco.com, wc tee tece o
po te om exte oce ( ce tee
web ote we ve to wok wt em, textmee, etc,)
Does c-gold have a referral or program so I could
earn sme gld referring new custmers?
ye. reee c e p to 20% o tcto ee
eete om e te eee.
Are there any mnthly fees fr a c-gld accunt?
Tee toe ee o 1% o te o toe.
T be ce 1/12t o 1% o mot
b. Me, 0.0833% o te o toe te
pece mot ce t te e o ec mot
T ee ct bot te me mot we e p
te toe pove. Wc pobb exp w we
tet mect te ctome, we eete
o come om te tcto ee.
If I wanted t start accepting c-gld as a payment
methd frm custmers, is there a lengthy merchant
accunt and acceptance prcedure like a credit card
merchant? Des my business need t g thrugh a
credit check when pening a c-gld accunt?
no. app o c-o ccot. upo o id. itetec-o pmet to o oe ptom (o e cck-
to-p url k). doe.
8/14/2019 C-gold Interview -Commerce Gold- DGC Magazine June09
8/916 DGC Magazine June 2009 Issue
DGC accounts aredenominated by weigh
in grams.
As an example if you lointo your c-gold accounyou will not see a $94.7dollar balance, you wil
see 3.000 grams.(USD x 31.58 per gram
C-gold makes it easyto convert your gram
weight into any of these
currencies at any time
If someone pays you100 euro, your c-goldbalance would increase
by 4.5269 grams.
8/14/2019 C-gold Interview -Commerce Gold- DGC Magazine June09
9/9DGC Magazine June 2009 Issue 17
Tee eco-te eqemet to become p-
pove exce te o mect ex, bt
eve tt ve mpe tt ow pocee.
o ve etee be o comp, te tee
are additional verication requirements (copy of registra-
o, ette o tozto om te bo o te peo
epobe o opet te ccot). Bt tt . no
cet ceck, bk eeece, etc. e eee.
s there a fee fr setting up a c-gld accunt as amerchant?
No. Every veried user account IS a merchant account.
Des c-gld ffer mbile access, can I lg n with
my cell phne?
depe o o ce poe evce pove o
o be be to cce te om webte o o ce
phone. We decided to forgo a specic cell phone / wap
cce opto, bece we coee te tecoo
oboete - wc a t ve mc . Mot poe
ee e g3 e cce pove oe
w-o" iteet cce. i beeve tt te tto m Eope b ow.
m really impressed with the number f exchangers
and merchants listed in yur nline directry
http://c-gld.biz/)
How many independent exchangers do you have
handling c-gld arund the wrld?
Tee e o 50 epeet exce, ome
30 o wc e ppove o t te mectex.
Fr peple reading this article and want t try ut a
new Cmmerce Gld accunt tday, what persnal
nfrmatin, dcuments r ID will they need t get
started?
noe. accot c be opee o tet ppoe wt
coe o te coect me e et
wok em ccot. Te ccot c te
be e o ew tcto beoe id poo o
e mt be poe. T met to ve peope
te cce to become comotbe wt te tem
beoe v to tt wt te ceet. howeve
compce ee tt me /o e ebo, te' ce te ppe em id
t w.
Both PayPal and Moneybookers accounts, which
accept credit cards, have limits on how much a user
can send r transact thrugh their accunt. Are
there any mnthly limits n the funding amunts r
number f transactins fr a c-gld accunt?
No, there are no limits for veried accounts, but
compce w ctze vome ccot moe
coe mt eqet to omto o
ce-b-ce b. We e t to bce ect potecto wt ee o e ctome como
mc pobe.
How much gold to you have on you right now?
Jt eo to be tke eo b Cee be
men ;o)
I'd like to thank Robert for taking time to answer my
questions.
Mark Herpel
###