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Can I hold gold coins and small bars in GoldMoney?

All precious metals within GoldMoney are held in allocated storage in the form of London Bullion Market Association (LBMA) and London Platinum and Palladium Market (LPPM) approved bars. Therefore, it is not possible to store coins or small bars with GoldMoney.

Instead, we offer our customers the option to take physical delivery of small gold bars by converting their goldgrams into 100 gram or 1 kilogram (1,000 grams) GoldMoney bars. The refiner Baird & Co. Ltd produces all bars to an exacting standard, ensuring each bar has a purity of 99.9 per cent gold. Further information on GoldMoney gold bars is available here.

GoldMoney’s use of LBMA bars benefits our customers in two ways:

The cost of fabricating coins and small bars adds a premium to the spot price of gold and silver. In contrast, the cost to manufacture an LBMA bar (which weigh about 400 ounces and 1,000 ounces respectively) is insignificant. Therefore, by using LBMA bars, GoldMoney customers are not subject to high premiums when purchasing precious metals.

Additionally, the LBMA has the highest possible chain of integrity. All bullion held by GoldMoney meets the LBMA standard, providing assurance that all bars are real bars of gold, silver, platinum and palladium, not clever forgeries.