GoldMoney® Digital Currency: The Ultimate Precious Metals Saving Account
The GoldMoney® advantage is effortless buying and selling gold or silver bullion anytime day or night from your personal computer. GoldMoney® is always backed by 100% pure gold or silver stored in a secure and insured vault!
If you have been watching the world news lately, you may be thinking of adding some gold to your savings portfolio. Historically, precious metals have been a safe haven in times of war or economic turmoil. However, buying gold or silver especially online can be complicated.
Here are 3 of the most frequently asked questions heard from potential buyers.
- Should I buy coins or perhaps bars from a local store I find listed in the Yellow Pages? Who can I trust?
- What fees or commissions should I pay when buying, selling or storing my precious metal?
- Where would I store the gold for safe keeping?
GoldMoney.com has answered all these questions and taken the mystery out of buying, selling and saving pure gold and silver. Today, GoldMoney® is the Internet’s most convenient, cost-effective and secure method to buy and own gold or silver. It is the ultimate precious metals savings account. All customer transactions for GoldMoney® are handled online so when placing a buy or sell order you never have to leave the convenience of your home or office. Each GoldMoney® goldgram® you own is safely kept in allocated storage and a specialized bullion vault insured by Lloyd’s of London.
A GoldMoney® account is very much like an online bank account except your funds are held in precious metal and not paper currency. The balance on your statement is denominated by weight in goldgrams® and mils not dollars or euro. GoldMoney® accounts are free to set up and there is a very low minimum purchase well under $100 USD which will get you started. The GoldMoney® web site offers online access to your precious metal holdings and account information 24/7.
Since your precious metal is being held in a secure vault and not delivered, you also avoid costly shipping and handling fees. All gold and silver is stored in a vault by VIA MAT International Ltd. near London, England, and is insured by Lloyd’s of London. The precious metal in GoldMoney’s vault is examined by external auditors several times a year and annual audit information is available to all GoldMoney® account holders.
When you make a GoldMoney® purchase the price is based on the prevailing goldgram® or silver ounce exchange rate. This rate is equal to the metal’s current spot price plus a small exchange fee. All fees are displayed on the GoldMoney® web site and converting a weight balance from grams to dollars is very simple.
Unlike some other online precious metal storage accounts (BullionVault.com), GoldMoney® allows the instant transfer of unlimited amounts of your gold or silver between user accounts. The funds in your gold account can be used as online currency and instantly transferred to anyone else with a GoldMoney® account. This even includes merchants selling products over the Internet. All transactions are final and not reversible. As a GoldMoney® online merchant, there are no such things as CC chargebacks!
GoldMoney® receives and sends wire transfers to most banks throughout the world. Consequently, account holders can buy or sell using any of the following currencies: British pound, Canadian dollar, US dollar or euro. Immediately, after opening a GoldMoney® account, users in the US and Canada can purchase goldgrams® and silver using the GoldMoney® electronic check feature to debit US or Canadian dollars directly from your bank account. Buying precious metal online has never been safer or easier.
To make a purchase, simply log into your new account and select the amount you would like to buy. You can pay for your purchase by bank wire, electronic check (US & Canada) or CHAPS/BACS (UK). The payment information will be provided to you after your confirmed order is received.
Fast and Simple Liquidations
When it comes time to sell some or all of your precious metal holdings, GoldMoney® offers a fast and easy sell execution plus some very convenient payment options. To sell precious metal, account holders simply choose the amount of goldgrams® or silver they wish to liquidate and the payment currency. GoldMoney® will automatically send the proceeds directly to your account by bank wire. You can also receive the funds credited to your bank account via electronic check (for amounts up to $10,000). All sell orders are executed at the Current Spot Rate and there are no seller transaction fees.
Transaction Time Frames
When you sell GoldMoney® either gold or silver, electronic check payments are typically in your bank account within 1 business day. Domestic bank wires are generally received within 1 business day. International transfers may take 2-4 days to be received into your account.
As of August 31, 2006 GoldMoney® had over $155 million worth of gold and silver in circulation. GoldMoney’s main office is located in Jersey, one of the British Channel Islands situated in the English Channel near the north-western tip of France. Web site and database servers, also located in Jersey, are housed in a secure, state-of-the-art data centre.
