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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 does the rate of exchange between precious metals fluctuate?
Gold, silver, platinum and palladium are bought and sold throughout the world each day by ...
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Your metal purchase is based upon the prevailing goldgram, silver ounce, platinum gram or palladium ...
Are there limits to how much metal I can buy, sell or exchange?
No, there is no minimum or maximum amount for metal purchases, sales or exchanges. There is, ...
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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.