Goldmoney review
One of the oldest online precious-metals holdings, letting clients in more than 150 countries buy allocated metal and choose the vault jurisdiction — Canada, Switzerland, the UK, Hong Kong or Singapore — inside a single account.
Visit Goldmoney- Premium
- 0.50% buy
- Storage fee
- 0.25% / yr
- Minimum
- No stated minimum
- Custody
- Allocated
Our verdict
The published tariff is clean: 0.5% to buy, 0.5% to sell, 0.25% a year to store gold in any location, and free bank funding. The catch is the US$10 monthly storage minimum, which means anything under roughly $48,000 is effectively paying more than the headline rate.
What it does well
- Choice of five vault jurisdictions inside one holding
- Flat, published 0.5% buy and sell fee with no volume games
- Free bank wire, CHAPS and SEPA funding
What to watch
- US$10 minimum monthly storage fee dominates small balances
- Silver storage is double the gold rate at 0.50% a year
- Metal sits in third-party network vaults rather than an operator-owned facility
Cost structure
| Line item | Cost | Note |
|---|---|---|
| Buy fee | 0.50% | Charged on the quoted buy price |
| Sell fee | 0.50% | Charged on the quoted sell price |
| Gold storage | 0.25% / year | 0.020833% monthly, all locations |
| Minimum storage | US$10 / month | Applies to any balance |
Over a ten-year hold, the annual custody line usually matters more than the entry premium. Model both together in the savings-plan calculator.
Cost of ownership illustration
A $25,000 position held at Goldmoney, charging the entry premium once and the published storage rate each year. The metal price is held flat so the fee drag is visible on its own — it is arithmetic on the tariff above, not a forecast, and it excludes minimum monthly charges, withdrawal fees, tax and FX.
| Holding period | Entry cost | Storage total | All-in cost |
|---|---|---|---|
| 1 year | $125 | $63 | $188 (0.75%) |
| 5 years | $125 | $313 | $438 (1.75%) |
| 10 years | $125 | $625 | $750 (3.00%) |
How the platform actually works
Goldmoney is one of the longest-running online precious-metals holdings, operating since 2001. You open a single holding and can then buy allocated gold, silver, platinum or palladium into any of five vault jurisdictions — Canada, Switzerland, the United Kingdom, Hong Kong or Singapore — without opening separate accounts.
Pricing is quote-based rather than order-driven: the platform shows you a price, you accept, and a flat 0.5% fee is applied. That simplicity is the appeal. There is no order board to learn, no volume tier table to optimise against, and no product catalogue to decode — the trade-off is that you take the quoted price rather than setting your own.
What it costs in practice
The published tariff is unusually clean: 0.5% to buy, 0.5% to sell, and 0.25% a year to store gold in any location. Bank funding by wire, CHAPS or SEPA is free, and so is the outbound wire when you sell.
The number that changes the analysis is the US$10 monthly storage minimum. That is US$120 a year regardless of balance, so the effective storage rate only converges on 0.25% once the holding passes roughly US$48,000. A US$10,000 position pays an effective 1.2% a year — more than four times the headline figure and more than most physical dealers charge for vaulting. Silver storage is 0.50% a year, double the gold rate.
Custody, ownership and security
Metal is allocated and held with third-party vault operators in the chosen jurisdiction, insured through the vault operator, and independently audited. Unlike BullionVault's daily public bar list, verification here is through periodic audit reporting rather than a continuously published inventory — a slightly weaker transparency posture at a similar ownership standard.
The five-jurisdiction choice is the real structural benefit: an investor who wants metal outside their home legal system, or split across two systems, can arrange it inside one login rather than duplicating onboarding and minimum charges.
Getting money in and metal out
Funding is bank-only — wire, CHAPS or SEPA — with no card route, which slows first deposits but keeps costs down and reduces chargeback-driven friction. Selling back is a quoted transaction at 0.5%, and the wire out is free.
Physical redemption exists for specific bar and coin formats depending on the vault, but as with any allocated fractional holding it requires enough value to cover a complete item plus fabrication and shipping. Most clients treat the holding as a cash-settled long-term store.
Who it suits — and who it does not
It suits an investor with a mid-to-large balance who values jurisdictional choice and a flat, comprehensible fee schedule with no volume games and no FX surprises on funding.
It suits poorly anyone below roughly US$25,000, where the monthly minimum makes it one of the more expensive options in this comparison, and it suits silver-heavy portfolios less well because of the doubled storage rate.
Goldmoney: common questions
- At what balance does the storage minimum stop mattering?
- The US$10 monthly floor equals 0.25% a year at roughly US$48,000. Below that you pay the floor, so a US$10,000 holding carries an effective storage cost near 1.2% a year.
- Can I choose where my metal is stored?
- Yes. Canada, Switzerland, the UK, Hong Kong and Singapore are all available inside one holding, and you can split a position across more than one jurisdiction.
- Is there a fee to fund or withdraw cash?
- No. Bank wire, CHAPS and SEPA funding are free, and the outbound wire after a sale is free. The costs are the 0.5% buy fee, the 0.5% sell fee and annual storage.
- Who holds the metal?
- Third-party professional vault operators in the jurisdiction you select, with the metal allocated to clients and verified through periodic independent audit.
Is Goldmoney the cheapest for your order size?
Premium alone rarely decides it. Put your contribution, holding period and storage fee into the calculator and the ranking often changes.