GoldMoney: The Ultimate Precious Metals Saving Account
Mark Herpel
September 04, 2006
The GoldMoney advantage: Effortless buying and selling bullion transactions for customers and 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 can be complicated.
Here are some of the most frequently asked questions heard from potential buyers: Should I buy coins or perhaps bars from a local store I find in the phone book? Where would I store the gold for safe keeping? Finally what fees should I pay when buying, selling or storing the precious metals?
GoldMoney.com has addressed all these questions and taken the mystery out of buying, selling and saving pure gold and silver. Today, GoldMoney is the most convenient, cost-effective and secure way to buy and own gold or silver. It is the ultimate precious metal savings account. All customer transactions for GoldMoney are handled online so you never even have to leave your home. Each GoldMoney goldgram® you own is safely stored in allocated storage in a specialized bullion vault.
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 in goldgrams® and mils not USD. GoldMoney accounts are free to set up and there is a very low minimum purchase under $100 USD. The GoldMoney web site offers online access to your gold and account information 24/7.
Since your gold is being held in a secure vault and not delivered you will 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 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.
Unlike some other online precious metal storage accounts (BullionVault.com), GoldMoney allows the instant transfer of unlimited amounts of gold between user accounts. Your gold account can be used as online currency and instantly transferred to anyone else with a GoldMoney account. This includes merchants selling products over the Internet. That is why GoldMoney is considered an 'online currency' or 'digital gold currency'. It can be exchanged for goods and services or bought and sold by any third party.
GoldMoney receives and sends wire transfers to most banks throughout the world. 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 dollars or Canadian dollars directly from your bank account. Buying precious metal has never been easier.
To make a purchase, simply log into your new account, select the amount you would like to buy. You can pay for your purchase by bank wire, electronic check (US and Canadian bank account only) or CHAPS/BACS (UK bank account only). The payment information will be provided to you after your confirmed order is received.
Before GoldMoney, if you were to purchase gold coins or bars you were facing many disadvantages such as high transaction costs, a serious amount of time to locate a bonded and secure storage facility plus you could only buy in the available denomination of the item being sold whether it was a coin or bullion bars.
GoldMoney has simplified buying and selling of these precious metals. Account holders can buy any quantity of gold and silver you choose without the hassle of shipping, storage and insurance and there are no large monthly storage fees and no oversized transaction costs.
Storage Fees
Unlike some other online gold currencies (e-gold), which charges a gold storage fee of 1% per year (debited month), GoldMoney only charges a fixed gold account fee of 0.1 grams per month (or 1.2 grams per year)
Fast and Simple Liquidations
When it comes time to sell some or all of your holdings, GoldMoney offers a simple sell transaction and some very convenient payment options. To sell the precious metal, account holders simply choose the amount of goldgrams® or silver they wish to liquidate and the payment currency. GoldMoney will automatically send by bank wire to your account the proceeds of your sale. You can also receive the funds directly 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.
Time Frames
When you sell, electronic check payments are typically in your bank account within 1 business day. Domestic bank wires are generally received within 1 business day, but can take longer depending upon your bank's location. 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.
Office Address
Net Transactions Limited
ASL House (view photo)
12-14 David Place
St Helier, Jersey
JE2 4TD
British Channel Islands (about)
Tel: +44-1534-760-133
Fax: +44-1534-760-125
More Information About GoldMoney
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 can be complicated.
Here are some of the most frequently asked questions heard from potential buyers: Should I buy coins or perhaps bars from a local store I find in the phone book? Where would I store the gold for safe keeping? Finally what fees should I pay when buying, selling or storing the precious metals?
GoldMoney.com has addressed all these questions and taken the mystery out of buying, selling and saving pure gold and silver. Today, GoldMoney is the most convenient, cost-effective and secure way to buy and own gold or silver. It is the ultimate precious metal savings account. All customer transactions for GoldMoney are handled online so you never even have to leave your home. Each GoldMoney goldgram® you own is safely stored in allocated storage in a specialized bullion vault.
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 in goldgrams® and mils not USD. GoldMoney accounts are free to set up and there is a very low minimum purchase under $100 USD. The GoldMoney web site offers online access to your gold and account information 24/7.
Since your gold is being held in a secure vault and not delivered you will 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 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.
Unlike some other online precious metal storage accounts (BullionVault.com), GoldMoney allows the instant transfer of unlimited amounts of gold between user accounts. Your gold account can be used as online currency and instantly transferred to anyone else with a GoldMoney account. This includes merchants selling products over the Internet. That is why GoldMoney is considered an 'online currency' or 'digital gold currency'. It can be exchanged for goods and services or bought and sold by any third party.
GoldMoney receives and sends wire transfers to most banks throughout the world. 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 dollars or Canadian dollars directly from your bank account. Buying precious metal has never been easier.
To make a purchase, simply log into your new account, select the amount you would like to buy. You can pay for your purchase by bank wire, electronic check (US and Canadian bank account only) or CHAPS/BACS (UK bank account only). The payment information will be provided to you after your confirmed order is received.
Before GoldMoney, if you were to purchase gold coins or bars you were facing many disadvantages such as high transaction costs, a serious amount of time to locate a bonded and secure storage facility plus you could only buy in the available denomination of the item being sold whether it was a coin or bullion bars.
GoldMoney has simplified buying and selling of these precious metals. Account holders can buy any quantity of gold and silver you choose without the hassle of shipping, storage and insurance and there are no large monthly storage fees and no oversized transaction costs.
Storage Fees
Unlike some other online gold currencies (e-gold), which charges a gold storage fee of 1% per year (debited month), GoldMoney only charges a fixed gold account fee of 0.1 grams per month (or 1.2 grams per year)
Fast and Simple Liquidations
When it comes time to sell some or all of your holdings, GoldMoney offers a simple sell transaction and some very convenient payment options. To sell the precious metal, account holders simply choose the amount of goldgrams® or silver they wish to liquidate and the payment currency. GoldMoney will automatically send by bank wire to your account the proceeds of your sale. You can also receive the funds directly 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.
Time Frames
When you sell, electronic check payments are typically in your bank account within 1 business day. Domestic bank wires are generally received within 1 business day, but can take longer depending upon your bank's location. 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.
Office Address
Net Transactions Limited
ASL House (view photo)
12-14 David Place
St Helier, Jersey
JE2 4TD
British Channel Islands (about)
Tel: +44-1534-760-133
Fax: +44-1534-760-125
More Information About GoldMoney
Print
Email
