drd invests in online gold firm

DRD is making some pretty astute investments with an eye to the future .... to go with its 19+% stake in EMP it is now building a stake in James Turk's "baby":

"Durban Deep invests in online gold firm

JOHANNESBURG, Jan. 26 (Reuters) -- South African gold
producer Durban Roodpoort Deep said on Monday it had
bought a stake in online trading firm GoldMoney.com, which
enables investors to buy and sell gold or purchase other
items using it.

DRD said it had bought a 1.4 percent stake in GoldMoney
for $200,000 and had the option to buy more later.

GoldMoney offers a market in so-called goldgrams -- which
represent a gram of pure gold held by the firm -- and can be
transferred online instantly.

Gold is traditionally seen as a store of value in times of
economic insecurity and is currently offering attractive returns
in dollar terms as the U.S. currency sags.

"We see gold not only as a metal but also as a form of
currency," GoldMoney founder James Turk said in a statement.
"We believe there is huge potential for gold to be used for more
low-cost online payments."

DRD said its initial investment in GoldMoney included an option
to increase its stake to $2 million or 14.3 percent of the firm at a
later stage. "