Omas D.

Dear Omas,

Thank you for your message.

Your concern about pricing is an understandable one, as there are numerous factors that affect the prices that Goldmoney is able to offer on metal, many of which fluctuate constantly.

First, it is important to consider that the “spot price” of metal that is often found when searching open sources or marketing data is reflective of ‘paper metal’ and will not reflect any of the premiums and associated charges payable for physical bars.

Subsequently, these rates typically provide a baseline at which banks will trade between themselves, and Goldmoney is subject to those pricing tendencies and additional premiums imposed by our suppliers in their trading of physical metal.

Goldmoney’s pricing also involves other factors such as: the costs that Goldmoney incurs via the procurement of the underlying physical metals; the costs related to the secured and insured transport of metal to the vaults, and; the vault-specific handling costs for the physical bars in line with LBMA guidelines.

Goldmoney offers access to a physical, valuable asset that we treat with the utmost respect and diligence as part of our ongoing commitment to wealth preservation for our clients, and there are costs to meeting these benchmarks that will not be reflected in open source market data or the spot price of other modes of purchasing metal.