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?
Can I fund my GoldMoney account with gold or silver coins?
Why should I buy precious metals through GoldMoney instead of buying coins or certificates?
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GoldMoney is the Registered Business Name of Net Transactions Limited which is regulated by the Jersey Financial Services Commission under the Financial Services (Jersey) Law 1998.