With all thanks and grace to Lucki, I was allowed to post this in our blog, note that this isn’t official from GDCA, but just a response to Lucki on the situation that GoldAge is facing.

As of now, if you access GoldAge’s site, they have temporarily suspended their business.

I got in touch with one of my contacts within the GDCA about this arrest yesterday and this was his reply

Dear Lucki,

> What far reaching effects do you think this GoldAge arrest is going to
> have?

None. There are only a couple of exchangers left in the US anyway. The NYAG went after GoldAge because the NYAG likes to go after any and everyone they can. Read the press releases with a grain of salt, because like the ones that circulate about e-gold in December they are filled with half-truths and deliberate distortions, such as:

“GoldAge charges fees of 6-10%”
Utter nonsense. GoldAge’s fees are posted publicly on their website.

“6-10% is a surefire indicator of criminal activity”

Um, then you’d better start arresting people who use Western Union, since that’s about what it costs to send a WU

“GoldAge is run out of these two dudes’ apartments”