Goldmoney vs. Coins & ETFs

Goldmoney vs. ETF

The benefits of a Goldmoney Holding extend beyond the qualitative aspects, and are vastly superior to Exchange-Traded Fund (ETF) holdings such as SPDR Gold Shares (NYSE:GLD) or the iShares Gold Trust (NYSE: IAU).

GLD, the leading ETF, is designed so that its shares track the price of gold. For this service, GLD charges an annual management fee of approximately 0.4%, which is three times greater than the annual all-in storage fee paid by Goldmoney clients for the storage, bar testing, insurance, and audits of their gold as well as the full suite of features provided for free with a Goldmoney Holding.

But this is only one reason to not own an ETF. There have been many recent examples of ETFs abruptly suspending redemptions or restricting shareholders from accessing or buying more of the underlying security.

The pyramid diagram displays the varying risks of metal ownership. While there is nothing that comes closer to owning gold in hand, allocated gold bullion – what Goldmoney Holdings provide – is the next best thing, while ETFs and unallocated bullion carry significantly more counterparty risk.

For students of history and those who understand common law property rights, the decision to have physical metal owned under your name at a vault custodian rather than a complex web of securities with limited redemption rights should be obvious. That’s ultimately the difference between owning precious metals through Goldmoney vs. ETFs.

Goldmoney Holding vs. Gold ETFs

Goldmoney vs. Coins & Bars

Owning gold in smaller physical units such as coins and small bars generally results in paying 7-10% above the price paid at Goldmoney.

Dealers also tend to offer buybacks at a discount of about 2-3%. Prices can be reliably compared against the published spot price.

Although storing coins and small bars at home is free, it isn’t advisable and any sizeable amount would require insurance. Generally, insurance for homeowners on gold amounts to 1-2% a year of its value.

As a Goldmoney client, you benefit from our access to wholesale insurance prices (as little as 0.12% for gold), which we include in our storage fees.

For those who are not concerned with the higher fees, Goldmoney offers clients the ability to redeem their metal value into coins and bars through our subsidiary Schiff Gold, a joint venture between Goldmoney Inc. and legendary gold investor Peter Schiff.

When you are ready to convert your precious metals balance into coins or bars, simply follow the process from your Goldmoney Holding. Schiff Gold representatives can call or email you to help guide you through the selection and delivery of coins and bars.

If you have old bars or coins you wish to sell, Schiff Gold can also arrange to buy your existing coins and bars and fund your Goldmoney Holding with the proceeds of your sale(s).

Call a Schiff Gold representative today at 1.888.GOLD.160 (1.888.465.3160) or visit

Goldmoney Gold Bar and Gold Cubes