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Goldmoney is a Canadian precious metals platform that has been operating since 2001. It lets individuals, corporations, and trusts buy, hold, and sell physical gold, silver, platinum, and palladium through an online account called a Goldmoney Holding.
The company is publicly listed on the Toronto Stock Exchange under the ticker symbol XAU and currently safeguards close to $5 billion in precious metal assets for clients across more than 100 countries.
For anyone looking to own allocated physical metal without managing the logistics of personal storage, and without relying on a paper-based product, Goldmoney offers a structured and independently audited way to do it.
Key Takeaways
- Goldmoney gives clients direct, allocated ownership of physical precious metals stored in insured, non-bank vaults worldwide.
- Buy/sell fees are a flat 0.5%, and annual storage fees start at 0.25% for gold, which is significantly cheaper than most ETF alternatives.
- The platform is publicly listed and independently audited by BDO Canada LLP, providing a level of governance transparency rare in the gold storage industry.
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What Is Goldmoney?
Founded by Roy Sebag in 2001, Goldmoney operates as a precious metals custodian and trading platform. Through its subsidiaries, the company handles bullion trading, physical custody and storage, and jewelry manufacturing.
The core product is the Goldmoney Holding, an account that allows clients to purchase gold, silver, platinum, or palladium and have it stored in their name in a network of professional vaults.
The company does not pool client metal or operate on a fractional reserve basis. Every gram of metal owned by a client corresponds to a specific physical gram sitting in a vault.
Goldmoney's approach is a direct contrast to most retail gold investment products available today, which tend to give clients exposure to the price of gold rather than ownership of the physical metal itself.
How the Goldmoney Holding Works
Opening a Goldmoney Holding works similarly to setting up an online brokerage account. After completing identity verification (KYC), clients fund their account via bank wire transfer or Direct Bank Transfer (CHAPS).
Funding is free on Goldmoney's end, though your bank may charge a fee at the point of origin. Once funded, clients can use their cash balance to purchase any of the four available metals at the current market rate plus a 0.5% transaction fee.
Trades settle quickly, and the metal appears in the client's Holding dashboard once the transaction is confirmed.
The metals are stored in the client's name, not commingled with Goldmoney's own assets. The company's balance sheet does not record client metal, which means that even in a scenario where Goldmoney faced financial difficulties, the client's metal would not be treated as a company asset.
That separation is one of the structural differences between Goldmoney and "paper metal" products like ETFs or unallocated certificates.
Storage Locations and Vault Partners
Client metals are stored in vaults across six countries. Goldmoney works with professionally recognized vault operators, including Loomis International, Brink's, and the Royal Canadian Mint.
| Vault Location | Available |
|---|---|
| Canada | Yes |
| Hong Kong | Yes |
| Singapore | Yes |
| Switzerland | Yes |
| United Kingdom | Yes |
| United States | Yes |
All vaults are fully insured. Goldmoney is responsible for ensuring that the insurance coverage maintained by vault providers is at least equal to the value of metals stored on behalf of clients. Insurance certificates are disclosed within each client's Holding Dashboard under the Governance section.
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Fees Breakdown
Goldmoney's fee structure is straightforward. There are no subscription fees or tiered pricing plans. Costs come from three sources: transaction fees when buying or selling, annual storage fees, and withdrawal fees when moving cash back to your bank.
Transaction Fees
- Buying precious metals: 0.5% of transaction value
- Selling precious metals: 0.5% of transaction value
Annual Storage Fees
| Metal | Annual Storage Fee |
|---|---|
| Gold | 0.25% |
| Silver | 0.50% |
| Platinum | 0.25% |
| Palladium | 0.25% |
There is a minimum monthly storage fee of USD $10, which applies to any Holding regardless of balance. If your annual storage fee already exceeds $10 per month based on your holdings, the minimum does not apply.
To put the storage cost in perspective, Goldmoney claims its storage rate is up to 90% less than comparable ETF products. Storing $100,000 worth of gold bullion works out to approximately $20 per month.
Withdrawal Fees
| Currency | Wire Transfer Fee | Alternative |
|---|---|---|
| USD | $25.00 | — |
| EUR | $25.00 | $10.00 SEPA |
| GBP | $20.00 | $7.00 Faster Payments/CHAPS |
| CHF | $25.00 | — |
| CAD | $35.00 | — |
Metal Quality and Bar Specifications
Goldmoney only purchases metals that meet the London Good Delivery standard, set by the London Bullion Market Association for gold and silver and the London Platinum and Palladium Market for the other two metals. Every bar carries a fineness mark, production year, serial number, and refinery assay stamp.
Refineries supplying Goldmoney include Valcambi, Metalor Technologies, Argor-Heraeus, and Johnson Matthey, all of which are among the most respected names in precious metal refining. Gold bars meet a purity standard of over 99.5%, while silver bars exceed 99.9% purity.
Clients who want an additional layer of security can register specific bars in their name with the vault custodian. This bar registration comes at a small metal fee that varies by bar size. For example, registering a Good Delivery gold bar costs 1 gram of gold.
Physical Redemption and Delivery
Clients who want their metal in hand have two options. Physical redemption from the vault requires ownership of at least 1 kilogram of gold or 1,000 ounces of silver.
Goldmoney arranges an appointment with the vault custodian, where clients can collect their metal with the necessary paperwork. Physical delivery by secure, insured courier is also available for smaller quantities. Vault and administrative costs for both options are communicated at the time of the request.
Security Features
Account security uses military-grade encryption: RSA 4096 and AES 256. Clients link their mobile phone to their Holding to validate transfers, withdrawal requests, and bar delivery instructions before they are authorized.
Bank accounts linked to a Holding can be locked so no new accounts can be added, even if someone gains unauthorized access to the account login. Two-factor confirmation is built into every significant transaction.
Governance and Auditing
As a publicly listed company on the TSX, Goldmoney files quarterly and annual financial statements that are reviewed and audited by BDO Canada LLP. These filings are publicly available through SEDAR+.
The company also uses patented daily settlement technology combined with independent third-party audits to verify that client holdings and vault metal are always in balance.
The one-to-one ratio between client-owned metal and vault-stored metal is a core governance rule, not a best-effort target.
This level of external accountability is uncommon in the precious metals storage industry. Many private gold storage programs do not publish audited financial statements or submit to independent vault testing.
The fact that Goldmoney's books are reviewed by a national audit firm, and that those reports are publicly accessible, gives prospective clients a way to verify the company's claims rather than simply taking them at face value. For clients storing significant wealth, that transparency matters.
Gold and Silver Performance Against Fiat Currencies
For global investors evaluating Goldmoney as a wealth preservation tool, the historical performance data on the platform's own research pages is worth reviewing.
According to Goldmoney's published data, gold gained 27.2% against the USD in 2024 and then 64.6% in 2025. Silver outperformed gold in both years, posting 21.5% in 2024 and 148% in 2025 against the USD. Over the past decade, gold has averaged 16.5% annual gains against the dollar and 307% cumulatively over the full ten-year period.
The performance story across other currencies is equally notable. Against the Indian rupee, gold posted a ten-year average annual gain of 20.1%, and against the Japanese yen, 19.5%.
These figures come from Goldmoney's own published data tables, updated as of January 2026, so the numbers track actual exchange rate movements rather than projections. For anyone holding cash in a currency with a history of depreciation, the storage fee of 0.25% per year looks relatively minor against that backdrop.
Goldmoney vs. Gold ETFs
| Feature | Goldmoney | Typical Gold ETF |
|---|---|---|
| Metal ownership | Allocated, in client name | ETF issuer holds the metal |
| Counterparty risk | Low (post-settlement) | Exists (issuer dependency) |
| Fractional reserve | No, always 1:1 | Often yes |
| Storage fee (gold) | 0.25% per year | Typically 0.25%–0.40% |
| Transaction fee | 0.5% buy/sell | Brokerage commission varies |
| Physical delivery | Yes | Rarely available to retail |
| Regulatory oversight | TSX-listed, independently audited | Varies by jurisdiction |
Account Types and Retirement Options
Goldmoney offers individual, corporate, and trust account types. UK residents can access Self-Invested Personal Pension Plans (SIPP) through Standard Life. US residents can open a precious metals Individual Retirement Account (IRA) through Entrust.
These options make it possible to hold physical metal within a tax-advantaged retirement structure, which is not something most standard gold ETFs offer in a comparable way.
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Who Goldmoney Is Best Suited For
Potential Drawbacks
Conclusion
Goldmoney offers a well-structured, transparent, and audited way to own allocated physical precious metals across six jurisdictions, with fees that are competitive against most ETF alternatives.
It is built for investors who prioritize genuine ownership and counterparty risk reduction over the convenience of a brokerage account.