GoldMoney

 

GoldMoney® was founded by James Turk and his son Geoff Turk to help both protect wealth and address today’s financial uncertainty using precious metals and electronic commerce.  They have been in existence since 2001 and store $1.9 billion in metals for over 18,000 customers. We think GoldMoney is a hugely convenient, fast and easy way to purchase, store, and track precious metal. 

GoldMoney® is also an inexpensive way to buy and sell gold, silver, platinum and palladium with storage in GoldMoney's insured vaults' and on-line access to your accounts. You have 24/7 online access to your metals, which you can sell at any time and have funds automatically sent to your bank account. You can also transfer your precious metals instantly to other GoldMoney® customers.

To conveniently buy, own and store precious metals with GoldMoney, the first step is to sign up for FREE.  When you sign up you will get a Holding, which is a personal record of your activity in GoldMoney® and the metal you own. After a short verification process, you can transfer money to fund your Holding and start buying metals.  If you live in the USA, the UK, Canada, Germany or any of the other fast track countries, you can complete the entire process online.

There is no paperwork to send-off by post and you can transfer funds to start buying gold, silver, platinum and palladium right away.

Your metal purchase is based upon the prevailing gold grami, silver ounce, platinum gram or palladium gram buy rate, which is the metal's current spot pricei plus a buy fee.

The buy fee for a gold gram purchase ranges from 0.98% to 2.74% above the prevailing spot gold price, depending upon the size of the transaction. The buy fee for a silver purchase ranges from 1.99% to 4.24% above the prevailing spot silver price. For platinum the buy fee ranges from 2.19% to 4.67% and for palladium from 2.63% to 5.52%.

With GoldMoney you save on shipping & handling because you are purchasing precious metals already stored in a vault.

When you purchase precious metals through your GoldMoney Holding, you actually hold and own the metal in your name. GoldMoney®  is not a "paper metal" product, which means that your metal ownership is not dependent upon the ability of, for example, an exchange traded fund (ETF) to obtain and redeem  metal for you when you want to sell it.

All of the precious metals held for customers by GoldMoney meet the London Good Deliveryi standard established by the London Bullioni Market Association for gold and silver bars and the London Platinum and Palladium Market for platinum and palladium bars. 

The quantity of allocated customer metal recorded in GoldMoney's database is always equal to the quantity of metal stored in the vaults. This one-to-one ratio is always maintained .  Your precious metals are not recorded on GoldMoney’s balance sheet, which means that GoldMoney does not have any direct claim on the metals.

Independent third party audits assure that all metal is accounted for and every allocated ounce is in one of GoldMoney's vaults.  You will have the choice of storing your metals in either London, Zurich or Hong Kong in specialized vaults operated by VIA MAT International, one of the largest independent vaulting and secure transport companies in the world.

You can read more about GoldMoney's robust security by clicking here.

To learn about GoldMoney's competitive storage rates or use their storage rate calculator click here.

To take advantage of GoldMoney's extensive research library of articles and videos click here.

To read about using GoldMoney to create your own personal gold standardi click here.

To go to GoldMoney’s website and learn more or to set up your own Holding at GoldMoney click here.

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Market Watch

February 20, 2012

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