Investing can be risky in this modern age. Many investors are anxious about the stability in the stock market after seeing multiple market crashes. Precious Metals have experienced a resurgence. Silver and gold tend to rise in value when stocks drop.
GoldMoney is just one of the many investment companies that can help you connect with gold and other precious metals. Are they, however, legitimate?
Overall, companies are offering the same products as GoldMoney with none of the drawbacks.
This review will go over GoldMoney to see if it really is the best trusted precious metal and Cryptocurrency custodian out there.
You’ll learn whether precious metal is the right online business for you.
And at the end, you’ll find answers to some of the most frequently asked questions regarding GoldMoney and precious metals in general.
But most importantly, you’ll see the exact system many others have used to build their own internet marketing business to over $40,000 a month in mostly passive income.
This system made them swear off precious metals for good, because it uses some of the same skills but in a much more powerful and profitable way!
The gold payment technology company was established in 2001. Since then, it has been in existence for over two decades. You have the opportunity to invest in precious metals.
BitGold joined the company in 2015. This is a technology-based payment that facilitates gold transactions, much like other currencies.
Roy Sebag and Joshua Crumb co-founded BitGold. The company’s purpose is to help investors find precious metals that meet their investment requirements. Services are available that can help diversify or grow your portfolio over the long term.
The company’s system is unique among others in the industry. The Holding system is what makes the company stand out in comparison to other reputable companies in the market. This system is appealing to people with limited financial resources and new to the investment process.
A holding account doesn’t require any prior financial experience. It doesn’t take long to learn all you need, as long as you pay attention.
Additionally, tools are available to help transfer metals between individuals and businesses. These tools can be used to coordinate international metal transfers.
You can easily invest in any of the four precious metals currently on the market by setting up a holding fund.
The minimum amount of gold you must invest in is one gram. The company can also store precious metals. There are six international vaults you can choose to store your precious metals.
The company stated that they are planning to expand their storage options in the future. You can also store self-directed IRA account accounts. These accounts must conform to stricter IRS standards.
GoldMoney Kids is a program of the company that teaches investing to children. The ideal program for children is the one that teaches them about investing and gives them a foundation in economics. It is engaging and informative, which will keep kids engaged.
It is also pretty easy to use. It contains a wealth of information about economics, including updated stock market data and information on the cost of precious materials. A quick glance at the website update can give you a snapshot of the current state of the world economy.
GoldMoney is a bit complex. But you can easily navigate the website and explore their options with minimal effort.
You need a Holding account to open new accounts. This means you will need to hold a gram (or more) of gold. Once you have completed this, you will fund your GoldMoney account and purchase any precious metals or other items you choose.
There are many account types that you could open. You can open multiple accounts at once. Your investment goals and financial circumstances will determine which account is right for you.
If you open a Personal Account, you can store up to 1000 grams of gold. You don’t have to pay any annual storage fees. You get a legal title for a portion of the one-kilo Gold Bar.
Apart from the six vaults internationally, there are two vaults available in the US. All purchases are fully protected.
Each time you sell gold or buy them, you’ll be charged a commission. This company, unlike other companies, allows you to pay for your gold with a debit card or credit card. A bank wire transfer is an alternative option, but you will need to pay an additional fee.
You can return your gold to the dealer at any time, but it might not be worth the same amount as what you paid.
Business Accounts operate in a similar way to personal accounts. But they can include payments and invoices.
Invoices are a way to invoice customers for products and services. You’ll then receive payment in the form of gold. GoldMoney converts customer payments into gold purchases if they prefer to pay in foreign currency.
Although there is a small fee for invoices, it is still less than that charged by PayPal.
Payouts allow you to pay vendors, contractors, and employees in gold instead of cash. This can be used to lower foreign exchange fees when you work with contractors abroad.
Wealth Accounts are designed for those who own more than one kilogram of pure gold. This account can be used to store various types of precious metals as well as international currencies.
This allows you to quickly trade between currencies and precious metals whenever you need liquidation.
They are transparent with their fees and are clearly stated on their website. They don’t seem to have any hidden costs.
There is, however, one crucial point to be aware of. The company’s fees are calculated based on your overall holdings. It means that the company charges more for more assets.
Many of their industry rivals use flat fees instead. This will mean that you will be charged the same amount every year regardless of how much money your bank account has.
This structure is advantageous because it protects you against losing money as your assets increase.
These are some of these fees:
The cost of gold and palladium are subject to small fees. The highest fees apply to gold, ranging from 0.01 up to 0.018 percent. Although it isn’t too high, this can quickly add up if large amounts of gold are purchased.
Referring people on the GoldMoney site can earn you money. When people sign up, you will earn commissions on the purchases they make. There are many commission rates, but they can be as high as 25%.
Still, some companies out there offer better products, which are easier for you to sell. The referral program is an excellent incentive. However, you will find better referral programs with fewer overall complaints.
Scammers are well-known in the precious metals sector. These are companies who might offer you fraudulent information about products, low prices for gold or take your hard-earned dollars.
A company could be considered a fraud company if it makes false promises, takes your money, and fails to deliver as promised. GoldMoney, according to this definition, is not a fraud. They have been around for more than 20 years and are a legitimate organization.
While there are some complaints, many customers are happy with their experience. This shows that the company does follow through with its advertisements. However, they may not have best business practices.
They work with secure vault firms. Brinks, Rhenus, and Royal Canadian Mint are just a few of their partners. Your assets can be expected to be fully protected against theft, loss, and damage. If anything happens, you can get their value back.
For the first few years, the company had a solid reputation in the business. The company has seen a change in ownership. Most of the negative reviews were said after the business was sold. It appears that the new owners aren’t maintaining the company’s integrity.
The customer service experience can be changed entirely by changing the ownership. It doesn’t always have to be a big deal, especially when the new owners work hard to win back the old customers. It doesn’t seem that this has been the case.
This is an unfortunate fact, but data from real customers indicates that it’s much more common to have a negative experience in the present than it was several years ago.
Some of the outstanding customer reviews about the company are very positive. Goldmoney states that they are among the most respected in the business. It’s pretty different when you consider third-party monitors. Some consumer reviews are absolutely horrible.
They do have an A rating from the Better Business Bureau, but they are not accredited. Accreditation is something that most businesses seek after twenty years of experience in the industry.
GoldMoney might have once been an excellent company. It seems to have been founded based on solid investment principles. People who used the services years back were happy.
If you are interested in investing in precious metals to protect your portfolio, work for a company that cares about making your wealth as secure as possible.
Although we consider GoldMoney a decent company, I feel that there are better options.
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense, it’s all digital.
Where GoldMoney falls short is in scalability.
There’s only so much time in a day and there’s only so much money you have to start with.
Let’s face it, unless you have a lot of money to start with, you don’t stand to make much money with gold.
But what if you could make even more money off of little local websites without having to worry all day about losing your money in the blink of an eye?
With this digital real estate program, you can make recurring monthly income without worrying about losing all your money overnight!
Sound too good to be true? Of course it does! But it isn’t…in fact, business owners wish they had this skill!
All you have to do is build and rank a LOCAL website and forward the jobs off to a business owner in town, you could even email it to them!
This works for literally any service based business, tree service, plumbing, towing, etc.
How do you get paid and how much?
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%…let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 10 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $500 a month!
See why they call it digital real estate now? That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to worry about the constant and crazy market volatility that cryptocurrency entails.
So, getting back to GoldMoney , if you invest with them…you could lose BIG TIME.
The course we recommend actually allows you to collect HUGE FLAT RATE DEALS. Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group much better than the GoldMoney group in our opinion. This group is much more active.
Unlike GoldMoney , where you’re profiting maybe $10 per trade, you could be getting 10-20X THAT.
A business will always want more leads and another job. In fact it doesn’t even matter that the job isn’t coming from their website name…they see it as it is…expanding digital real estate.
Unlike GoldMoney , more people have been able to walk away from their 9-5 job as well.
Digital real estate allows you to have passive income with most of your day being spent ENJOYING your money, NOT losing it.
Now, I know you probably have tons of questions…