Home > How It Works > FAQ > What are the cost advantages of using ...

What are the cost advantages of using GoldMoney?

GoldMoney is the least expensive way to own gold, silver, platinum and palladium in allocated storage, which is the safest and most secure way to store precious metals. Also, because you are purchasing metals already stored in a vault, you never have to pay shipping fees. More savings arise with GoldMoney because you avoid the premium that is paid for fabrication costs when you purchase coins and bars.

Perhaps most importantly, the cost to buy and sell through GoldMoney is generally much less than coins and bars. Our purchase rates are based on the metal's current spot price plus a small exchange fee that depends on the size of the transaction. There is no exchange fee to sell your metals.*

With GoldMoney, you get more metal for your money.

* In exceptional circumstances, GoldMoney may charge a sell fee. The purpose is to provide liquidity to the seller regardless of market conditions. For example, during rare events such as extreme market conditions, we may need to sell to a bullion dealer the metal that we purchase from a customer. If the dealer charges a fee that GoldMoney cannot reasonably absorb, the fee would be passed on to the customer. In keeping with our longstanding policy of full disclosure, if a sell fee is ever imposed, you will be advised of the fee before you transact, thus giving you the choice whether or not to proceed with the sale.