Home > How It Works > FAQ > Why is the buy rate dependent on the ...
Frequently Asked Questions |
BOOKMARK & SHARE |
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Why is the buy rate dependent on the currency that I use for payment?
The global bullion market is priced in US dollars, which means GoldMoney must first convert any other currencies into US dollars before it can buy gold and silver in the market on behalf of its customers. Therefore, GoldMoney charges a slightly higher fee for non-US dollar purchases in order to cover the costs of converting those other currencies into US dollars.
Related Questions
How can I ensure the correct currency is placed in my Holding?
Instruct your bank to send your funds in the correct currency. Some banks convert your funds into ...
How does the rate of exchange between precious metals fluctuate?
Gold, silver, platinum and palladium are bought and sold throughout the world each day by ...
What does it cost to buy precious metals at GoldMoney?
Your metal purchase is based upon the prevailing goldgram, silver ounce, platinum gram or palladium ...
About GoldMoney (19) | Buying and Selling (21) | ||||
CAP (28) | Metal Storage (14) | ||||
Security (7) | Transfers and Funds (14) |
| Buy precious metals with us It only takes a few steps to create your Holding |
|
GoldMoney uses cookies on this website to improve your experience. To accept cookies continue browsing as normal. Click here for more information.
| Connect with us |
RSS
|
|
|
|
|
|
 |
Net Transactions Limited
1st Floor • 32 Commercial Street • St Helier
Jersey, JE2 3RU • British Channel Islands (UK)
Copyright © 2001-2013 Net Transactions Limited (Jersey, British Channel Islands)
GoldMoney is the Registered Business Name of Net Transactions Limited which is regulated by the Jersey Financial Services Commission under the Financial Services (Jersey) Law 1998.