Why is GoldMoney Secure? Secure Convenient Trustworthy
You are the absolute owner of your metal
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When you purchase precious metals through your GoldMoney account, you actually hold and own the metal in your name. GoldMoney is not a "paper gold" product, which means that your gold ownership is not dependent upon an exchange traded fund's (ETF's), certificate issuer's or pool account operator's ability to obtain and redeem metal for you when you want to sell it.
Nearly all of these types of "paper metal" programs work on a fractional reserve basis, so if the majority of the program's customer wanted to redeem their metal for cash, the program operator would not be able to meet all of its obligations. In other words, "paper metal" products represent merely a promise to pay metal; they are not products that give you direct ownership of metal, and therefore expose you to counterparty risk since you are dependent upon the program issuer's ability to meet all of its obligations.
Contrary to the fractional reserve nature of "paper metal" programs, the quantity of customer metals recorded in GoldMoney's database is always equal to the quantity of metals in the vaults. This one-to-one ratio is a critical part of GoldMoney's governance model.
Product Ownership Rights Protection Against Counterparty Risk 100% Metal
GoldMoney-Stored Precious Metals You Yes Always
Precious Metals ETFs ETF Issuer No ?
Unallocated Certificate Programs Certificate issuer No ?
Pooling Accounts Account Issuer No ?
Your metal is securely stored, insured and independently audited
When you purchase precious metals through GoldMoney, the gold, silver and platinum bullion is stored securely at the VIA MAT vaults in London, Zurich and Hong Kong. VIA MAT International is part of Mat Securitas Express AG, of Switzerland, one of Europe's largest and oldest armoured transport and storage companies. Your gold, silver and platinum are insured against theft from the vault.
Administration of all metals is provided by an independent party (Andium Trust Company Limited) that safeguards your metal by making sure gold, silver and platinum are only removed from the vaults under the direction of its owners, i.e., GoldMoney's customers.
A Big Four accounting firm semi-annually audits GoldMoney's operational procedures as well as the precious metal bar inventory at the vaults and metal circulating electronically in our system. All of these SAS 70 Type II reports are available for download by GoldMoney customers in their verified Holding.
GoldMoney also provides quarterly reconciliations between the vault and its database of the metal held for its customers. Read more about GoldMoney's governance model.
Advanced online security measures to protect your assets
GoldMoney uses advanced security technology to keep your precious metals safe. For more information about what we do to protect your assets, please read our security page.
You are the absolute owner of your metal
--------------------------------------------------------------------------------
When you purchase precious metals through your GoldMoney account, you actually hold and own the metal in your name. GoldMoney is not a "paper gold" product, which means that your gold ownership is not dependent upon an exchange traded fund's (ETF's), certificate issuer's or pool account operator's ability to obtain and redeem metal for you when you want to sell it.
Nearly all of these types of "paper metal" programs work on a fractional reserve basis, so if the majority of the program's customer wanted to redeem their metal for cash, the program operator would not be able to meet all of its obligations. In other words, "paper metal" products represent merely a promise to pay metal; they are not products that give you direct ownership of metal, and therefore expose you to counterparty risk since you are dependent upon the program issuer's ability to meet all of its obligations.
Contrary to the fractional reserve nature of "paper metal" programs, the quantity of customer metals recorded in GoldMoney's database is always equal to the quantity of metals in the vaults. This one-to-one ratio is a critical part of GoldMoney's governance model.
Product Ownership Rights Protection Against Counterparty Risk 100% Metal
GoldMoney-Stored Precious Metals You Yes Always
Precious Metals ETFs ETF Issuer No ?
Unallocated Certificate Programs Certificate issuer No ?
Pooling Accounts Account Issuer No ?
Your metal is securely stored, insured and independently audited
When you purchase precious metals through GoldMoney, the gold, silver and platinum bullion is stored securely at the VIA MAT vaults in London, Zurich and Hong Kong. VIA MAT International is part of Mat Securitas Express AG, of Switzerland, one of Europe's largest and oldest armoured transport and storage companies. Your gold, silver and platinum are insured against theft from the vault.
Administration of all metals is provided by an independent party (Andium Trust Company Limited) that safeguards your metal by making sure gold, silver and platinum are only removed from the vaults under the direction of its owners, i.e., GoldMoney's customers.
A Big Four accounting firm semi-annually audits GoldMoney's operational procedures as well as the precious metal bar inventory at the vaults and metal circulating electronically in our system. All of these SAS 70 Type II reports are available for download by GoldMoney customers in their verified Holding.
GoldMoney also provides quarterly reconciliations between the vault and its database of the metal held for its customers. Read more about GoldMoney's governance model.
Advanced online security measures to protect your assets
GoldMoney uses advanced security technology to keep your precious metals safe. For more information about what we do to protect your assets, please read our security page.
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