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DGC Magazine
“Paper is poverty.... it is only the ghost of money, and not money itself.” - Thomas Jefferson 1788
Premiere Digital Gold IssueJanuary 2008
 
Interview withSean Trainor of Crowne Gold
part 1December 2007
(Q) Why did you start working full time withdigital gold? Is it just a paycheck to you or does it mean more?
My telecom company was reviewing options to re-place the money market fund option I used for our 
30-day oat fund in the 90’s. An alternative medi
-um of exchange surely seemed able to provide theemerging Internet marketplace with a solution to
the need for instant nal based exchange of value.
Just as email provided a superior solution to snailmail digital gold could bring a superior option tocredit cards.I pondered and believed in the need for this solu-tion as I followed the exploding fraud being perpe-trated online, which was only possible due to thepayment/exchange medium allowing the perpe-tration of the fraud, credit cards. Digital gold as atechnology based medium would provide the me-dium that this new online marketplace and its us-ers did and do require to eliminate the credit cardfraud. Which by the way, causes all costs to raiseon all goods sold online or not. The merchant’scredit card fraud loss is obscene. Strangely thecredit card companies don’t seem to lose in fraud-ulent transactions.The digital gold mediums’ transaction could be and
is now instant and nal so each party is secured in
their transaction agreement. The transaction takesplace in one server eliminating the process used
by credit card companies that has data owing all
over the internet seeking approval codes, identityproof, valid card accounts, card limits and mer-chant approval.Credit card payment systems also prohibit thegrowth of the Internet as a medium for commerceby prohibiting billions of people around the worldwho do not have or cannot qualify for the ability toobtain a credit account. Hence the growth of alter-native mediums, like Pay Pal and others.
I nally negotiated in early 2002 with this company
to bring the idea to the USA where I could get in-volved in the operations, as I was really beginningto love the idea passionately. This forced me tounwind then sell my telecom business leading meto involve myself in the Digital Gold industry almostfull time. From early 2002 until late 2003 CrowneGold was a miserable attempt at success. I was
nally able to step in as the full time President of 
Crowne Gold, Inc. in late 2003.As I believed then I still believe today that Digi-tal Gold is the safest, cheapest, easiest, most se-cure way to exchange wealth that man has known.However, this is only true when the issuer has tak-en the steps to reach levels of regulated, compli-ant operations. Securing the compliance demand-ed by the global monetary regulators is not easywhen such a lack of operational standards exists.KYC compliance AML audits and compliance areparamount for security in the terrorist’s times welive in today. Hence Crowne has applied grave ef-forts to obtain this compliancy.Those that provide alternative exchange mediumsusing gold understand correctly there are grey ar-
eas dening operations. This has provided confu
-sion for all issuers, their clients and the regulatinggovernments. Alleged illegal operations are easily
 
applied when no compliance for clients and opera-tions are adhered to.Crowne has found through compliance we areable to offer even more services then we initiallybelieved. While a long and grueling road was trav-eled to get here, our gold and silver products areoffered today via a compliance-based platform.
(Q) Who else’s name might I recognize thatworks for Crowne Gold or is associated withyour operation?
During this run of time I had the opportunity tomingle and meet several other players in the min-ing industry, the technology industries, account-ing, software, legal on and on. This allowed meto bring in Jim Schilling, Michael Neal and ShirleyPalmer to the Crowne family. The efforts providedby this team have allowed the company to replacethe seat of the pants entrepreneur style operation;
with sound scally sensitive structure I needed in
order to ready ourselves for the future growth weenvision. Crowne’s involvement in the legal sys-tem of the USA demanded we engage in hiring
several attorney rms around the country to assist
us in defending our rights to operate. Today wehave formal bonds with legal several legal teamsto help us provide compliance for our users.
(Q) Where does Crowne operate from?
Currently we operate from the United States andPanama primarily. USA participation is vital as onehas to realize the dollar is still the worlds reservecurrency and services we offer demand US Dollar accounts be provided to allow the buying and sell-ing of our products through Fincen system. Lookfor Crowne to announce our relocation of corpo-rate headquarters in 2008.
(Q) Can I buy physical gold bullion fromCrowne?
Our products are offered to anyone around theworld. As we continue to evolve, we will worktowards offering a walk in service in many juris-dictions around the world. However our goal isto provide an online medium of exchange that issecured by metals. Crowne is the only companyin this arena that will provide client’s gold or silver to them in as small as a one-ounce medallion. Cli-ents can take down form 1 troy ounce to 400 tryounce bars.
(Q) Is the Crowne Mint a precious metals dealer and what is their association to Crowne Gold?
Crowe Mint is the service provider that issues anddistributes physical and digital gold to the CrowneGold marketplace users. It is also the entity thatholds and distributes, as needed the physical spe-cies we offer our clients outside of the CG market-place.
(Q) You mentioned before, that the companyhas a seat on the commodity exchange in Pan-ama. Can you give us more details?
As Crowne begins to expand global operations itis our goal to offer our back end engine to users inother countries or cultures the opportunity to ex-change with gold and silver.
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