When reading the information below, please bear in mind that the gold dealer GoldMoney can change its sales conditions at any time. Even though we will make every effort to reflect up-to-date information, we cannot guarantee the accuracy, reliability, completeness or timeliness of the information contained underneath. This website is not responsible or liable in any way for the actions of its readers.
GoldMoney is a website that is run by Net Transactions Limited, a company that is registered in Jersey in the British Channel Islands. On the 22nd of May 2015, the publicly traded Canadian company BitGold Inc. signed an acquisition agreement with the owners of GoldMoney. The pending acquisition doesn't interfere with the current operations of GoldMoney. Over time, the collaboration between the two companies will result in new products, even better services and more competitive prices.
GoldMoney lets investors buy and sell gold, silver, platinum and palladium. Investors usually choose to keep their precious metal holdings in secure storage vaults (managed by Loomis International, Brink's, G4S, Malca-Amit, Rhenus Logistics) in Canada, Hong Kong, Singapore, Switzerland and the UK. However, taking physical possession of their precious metal assets can be arranged through delivery or collection.
The gold dealer GoldMoney charges Buy and Storage fees. These fees differ for the traded precious metals gold, silver, platinum and palladium. The Buy and Storage fees for gold are substantially lower than for the other traded precious metals.
|Trade Volume for Gold||Buy Fee||
Monthly Storage Fee
|$1 - $9.999||2.49%||0.01% - 0.015%|
|$10.000 - $99.999||2.19%||0.01% - 0.015%|
|$100.000 - $499.999||1.39%||0.01% - 0.015%|
|$500.000 and over||Call GoldMoney for a Quote!||0.01% - 0.015%|
Storage fees are only charged when gold, silver, platinum or palladium are currently owned in the customer's GoldMoney holdings. The actual charged storage fees depend on the chosen secure storage vault provider and location.
Signing up for a holding account with GoldMoney is free and takes just a few minutes. Customers can then transfer funds to their holding account. Identity verification is required within 15 days after funding the GoldMoney holding account. For 44 'fast-tracked' countries that simply means sending a scanned copy of the customer's photo ID and bank document. After identity verification has been completed, customers can start buying gold, silver, platinum and palladium with the funds they deposited in their holdings account.
The online purchasing of metal is very simple and straightforward. After logging in to their holding, customers choose the metal they want to buy, the currency they want to pay in and the cash or metal amount they want to purchase.
Customers transfer funds to their holding account by bank wire. GoldMoney is unable to accept checks, cash or credit/debit card payments.
GoldMoney customers can opt to have Good Delivery gold bars delivered to anywhere in the world. Delivery is fully insured and the delivery fees are determined on a case by case basis. Small gold bars and GoldMoney branded bars can only be delivered to certain countries.
Customers also have the option to personally collect their bars from the vault provider upon prior arrangement.