What is GoldMoney? My honest goldmoney review
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WARNING: I now recommend buying gold and silver here instead of Goldmoney: https://hoply.io/buygoldsilver
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Simple. It's a very easy way for you to buy real gold, silver, palladium, and platinum and have them stored for you without the hassles of physical possession. You can also buy in smaller quantities, much like bitcoin.
If you want a business or Wealth Holding account (which allows you to have gold, silver, platinum, palladium, and other precious metals and Bitcoin or Ethereum and keep it in your IRA or registered account), use this link:
https://www.goldmoney.com/w/andrew
You MUST use code "andrew" when you sign up to get the promo special.
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UPDATE:
I have been a Goldmoney customer for nearly 10 years now. And my Goldmoney Review has changed significantly in recent times.
Goldmoney has implemented a MINIMUM $10 USD fee per month on ALL accounts, which is working out to about $13.50 in Canadian for me.
See page 3 of their new fee schedule:
https://www.goldmoney.com/images/media/Files/Docs/goldmoney-fees.pdf
Because of this, and the constant re-working of their offering, I no longer endorse Goldmoney.
If you want to buy gold (or silver), here's what I recommend:
https://hoply.io/buygoldsilver
I am also a fan of keeping gold and silver physically in your house. Always good practice just in case you need something of value quickly.
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Goldmoney did in the past offer a PERSONAL account. This has been discontinued. They are consolidating everything towards one central product offering, the GoldMoney HOLDING account.
https://www.goldmoney.com/w/andrew
Gold Money review about James Turks' digital gold service, goldmoney.com and about bitgold, and why I personally use Gold Money to hold some of my digital currencies.
[UPDATE: James Turk is on the board of Directors, but GoldMoney is owned by Roy Sebag and Josh Crumb, who are Canadian and founded BitGold.]
I have used Goldmoney and have not only bought, but also withdrawn money from Goldmoney. It is my personal opinion that it's a good idea to have some diversified assets outside of fiat currency (paper dollars.)
one of the ways I do that is my taking a portion of my income and putting it into GoldMoney.
You can get your GoldMoney Holding account here:
https://www.goldmoney.com/w/andrew
GoldMoney is open to anyone internationally and the main benefit is that is is an easy way to hold and accumulate precious metals.
The fees for your storage - which is allocated and independently audited by the way - USED TO BE minuscule. 12-18 basis points per annum. This works out to 36 cents per year on a $300 value of gold, for example. Now they are EXTREMELY HIGH. BEWARE.
I am not offering financial advice. I am simply sharing what I do. Always do your own due diligence in any financial matters.
It is the easiest way to get exposure to real gold, and you an do it in small increments like a savings account, which I am a big fan of.
https://www.goldmoney.com/w/andrew
For those interested in some of the risks associated with buying gold in an ETF as opposed to something you own, this article is a good primer:
https://www.forbes.com/sites/oliviergarret/2017/03/09/3-reasons-why-investors-should-avoid-gold-etfs
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