Goldmoney is a precious metals dealer with more than 20 years of industry experience. Rather than being a typical online dealer, they offer some unique features. You can use their online platform to purchase precious metals, but then Goldmoney takes care of all of the storage and allocation for you.
The company's goal is to help more people invest in precious metals. By taking the hassle out of the portfolio, they make precious metals more accessible to new investors.
But despite the hype, there have been some concerning online reviews. Is Goldmoney really everything it claims to be? Are their practices actually legitimate?
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About Goldmoney
Goldmoney was created in 2001. The company's main service is their Goldmoney Holding system, which allows people to purchase precious metals and store them directly with the company. Your precious metals belong completely to you, but you don't have to worry about where or how to store them.
When you sign up for a Goldmoney Holding account, you are able to buy and sell precious metals. You can look at your account holdings in real time and access data about the value.
Goldmoney stores the holdings of their clients in vaults scattered across seven different countries. If you've wanted your investments to be secure and separate from any government or banking entity, their solutions will appeal. All accounts have a full insurance policy.
Audits are regularly performed of each client's vault to make sure that the person's listed holdings match up to what's actually inside their vault. You can liquidate your metals at any time by selling them back to Goldmoney, and then you can transfer the cash to your bank account.
That said, there have been quite a few customer complaints from people who say that they were not able to properly transfer their funds. It seems like Goldmoney's staff is very slow to process any transaction that takes money out of your account instead of putting money into it.
Features of Goldmoney Holding
When you make a Goldmoney Holding account, you get access to the following features: