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Can I hold gold coins and small bars in GoldMoney?

No, it's not possible. All gold within GoldMoney is held in the form of London Bullion Market Association bars. We do this for two reasons. First, the LBMA has the highest possible chain of integrity, so users have assurances that LBMA bars are real bars of gold and silver, and not clever forgeries.

Second, coins and small bars have premiums to the spot gold price because of fabrication costs. The cost of fabricating an LBMA gold or silver bar (which weigh about 400 ounces and 1,000 ounces respectively) is insignificant. Therefore, by using LBMA bars, fabrication costs do not factor into the cost of the gold and silver in GoldMoney.

Related Questions

What are the cost advantages of using GoldMoney?
GoldMoney is the least expensive way to own gold and silver in allocated storage, which is the ...

Can I fund my GoldMoney account with gold or silver coins?
Yes, you can ship your gold coins and bars to Kitco who will exchange them for goldgrams or silver ...

Why should I buy precious metals through GoldMoney instead of buying coins or certificates?
Coins and bars have many disadvantages, including high costs and the time consuming searches for ...


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