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What happens in the event of a government gold confiscation?

GoldMoney operates in Jersey, British Channel Islands, a self-governing island located in the English Channel between the United Kingdom and France. While the future cannot be predicted, it is worth noting that gold has never been confiscated in Jersey. Jersey is a politically and economically stable jurisdiction that has become a major financial centre because its legislation relies upon the principles of common law, which prioritises property rights.

How gold confiscation would affect customers will depend largely on the scope and specifications of the restriction. For example, if gold were to be confiscated in the US, there may not be any repercussions for US customers holding gold in vaults outside the US.

We aim to provide our customers with as many options as possible to enable them to diversify their assets by class, storage location, and by offering the option of taking physical delivery of their precious metals. For more details about this, see our Bar Delivery & Registration page.

GoldMoney provides its customers with the facility to purchase gold, silver, platinum and palladium and the opportunity to diversify and optimise their investment portfolio. Furthermore, you have the ability to choose between storage locations in Canada, Hong Kong, Singapore, Switzerland and the UK, which affords geographical diversification.

GoldMoney never discloses any customer details to any third party, government, or tax authority and would not do so unless obliged to by law.

For additional information please refer to our Privacy Policy: http://www.goldmoney.com/privacy-policy.html