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Goldmoney Review – Is it Safe or a Scam?

Read our full review on this gold company


goldmoney gold ira review logo
Ranked #36 of 68


3 / 5

goldmoney gold ira review logo
See our top rated Gold IRA Companies of 2023
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The best about [company name]
  • Personalized investing solutions with a dedicated Relationship Manager

  • Outstanding investing options that are superior to paper investments

  • A safe investment platform

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Before we get started with this review:
  • Choosing a business you can rely on with your precious savings is challenging. We are aware of this, which is why we produce informative content to provide you with as much knowledge as possible before making a choice.

    We have compiled a list of our top-rated investing firms so that comparing and selecting one that best meets your needs will be as simple as possible.

    >>CLICK HERE to read our list of the top gold investing companies.<<

    Look to see if Goldmoney was selected to our list this year!



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Goldmoney Review

In today's economy, many people are looking for alternative investment options to diversify their portfolios and protect their retirement savings. Gold has long been considered a safe haven asset that can provide a hedge against inflation and economic uncertainty. Goldmoney is a company that offers a unique way to invest in gold through their Gold IRA program. 

It is a financial technology company that provides a variety of services to help people buy, sell, and store precious metals like gold, silver, platinum, and palladium. The company's flagship product is the Goldmoney Personal and Business Accounts, which allows users to buy and hold physical gold and other precious metals securely in vaults located in various countries around the world. Goldmoney also offers a Gold IRA program, allowing investors to hold physical gold and other precious metals in a tax-advantaged retirement account. 

Additionally, Goldmoney provides a suite of payment and metal-currency services for individuals and businesses, including the ability to send and receive payments in gold and other precious metals. With a commitment to transparency and security, Goldmoney's services provide a convenient and reliable way to invest in and use precious metals for financial transactions.

In this review, we will take a closer look at Goldmoney's Gold IRA, its features, fees, and overall performance, to help you decide if it is the right choice for your investment needs.

goldmoney gold ira review homepage

Our Rating Categories

We will rate Goldmoney Gold IRA company services based on the following categories;

  • Product range and Services
  • Pricing
  • Customer care
  • Company reliability
  • Customer Review

Goldmoney Review:

Goldmoney (TSX: XAU) is a global precious metals company. The company sells precious metals to its clients through several operating companies, including arranging delivery and storage of precious metals for its clients, coin selling, and loans.

Over $2.8 billion in precious metal assets are held by Goldmoney clients in over 200 countries.,, and Lend & Borrow Trust are the company's operating subsidiaries.

In addition to the Company's primary business sectors, the Company owns a large interest in Mene Inc., which manufactures pure 24-karat gold and platinum investment jewelry sold in grams.

Goldmoney acquires long-term exposure to precious metals through these enterprises and other investing activities.

Review Of Goldmoney: Overall Rating: 3/5

Goldmoney Pros & Cons

  • Outstanding investment options as preferable options to paper investments

  • Trustworthy investment platform

  • Fee disclosure before making an investment

  • A dedicated Relationship Manager to provide individualized investing advice

  • Transparency

  • Simple to use

  • Support for PayPal and cryptocurrencies

  • They are serious about safety

  • Gold IRA support

  • High monthly fees

  • The refund procedure is quite complex.

  • High Prices for Metal & Storage

  • Lack of Flexibility When Selling

  • A Line of Negative Reviews

goldmoney gold ira review products and services

Goldmoney Review: Key Summary

ExperienceGoldmoney has been in business for at least 22 years. For clients in more than 100 nations, they protect precious metal assets worth close to $2.5 billion.
WebsiteThe company controls a website that is user-friendly that is easy to navigate.
Client EducationGoldmoney provides a customer library for substantial information Click here to access their educational material.
Customer ServiceThey control a well informative and reliable customer service that operates 24/7 with few complaints.
Available Precious Metals OfferThey deal in precious metals like; Gold Coin, Silver Coin, Platinum, and palladium.
Physical Storage Brink’s vaults
Other Investments AvailableThey also offer: IRA, SIPPs, and TFSAs.
Annual FeesGoldmoney will charge you a fee of  $10 minimum monthly storage
Trust link Rating2.2/5
Consumer Alliance RatingAAA

The Bottom Line

GoldMoney is a reliable company despite the fact that it occasionally gets bad reviews. It is clear that they did a terrific job developing a reliable online system that makes things simpler for everyone. 

They must, however, enhance both their pricing and offboarding practices.

You've heard it from Goldmoney, third-party company review sites, and a few of Goldmoney's former customers.

Product Range and Services

 Goldmoney Gold IRA offers four precious metals for your investment portfolio and personal accounts,:

  • Gold

It is, after all, one of the things in GoldMoney's catalog. However, unlike other organizations that push you to purchase coins and bars, this one offers it as online units via its Holding company.


When purchasing Platinum from GoldMoney, keep in mind that you must first open a Holding account.

The biggest disadvantage of employing this strategy is that you must pay a 1% charge each time you sell your precious metals.

  • Palladium

Without a doubt, palladium is a rare metal. Palladium, like the other three metals, may be purchased as a physical asset with no counterparty risk through GoldMoney.

However, there is a 0.5% buy/sell cost for this metal, as well as a storage fee ranging from 0.065% to 0.082%.

They provide a Goldmoney Holding account, which was created to assist investors in precious metal investing and asset protection. Clients may purchase, sell, or hold/vault precious metals online with ease using this platform.

All precious metals handled by the Holding system are completely insured and held at various vaults in various nations.

You have the option of storing your precious metals in Toronto, London, Hong Kong, Ottawa, Singapore, or Zurich.

Pricing: Goldmoney Gold IRA Costs/Fees


Account Withdrawal Fees:

Before money is sent back to your bank account, Goldmoney deducts withdrawal fees from your currency balance. The banks levy these costs, which are then transferred to you. Before each transfer is approved, they openly disclose these fees to you.

Monthly Precious Metal Storage Fees:

For as low as $10 a month, $100,000 worth of gold bullion may be held and insured with Goldmoney.

Please be aware that you will  be charged a US $10 minimum monthly storage cost for every Holding, regardless of the amount of precious metals remaining.

Minimum Investment

  • Every time you buy or sell precious metal bullion on the Goldmoney platform, you are charged a 0.5% fee.
  • To transfer a metal position between accounts or between accounts housed at one of its worldwide vault locations, they levy a fee of 0.75%.
goldmoney gold ira review customer care

Customer Care

Goldmoney Gold IRA Educational Materials

Goldmoney is one of the reputable companies that provides customers with educational material in their library. Accessing the Goldmoney Library is more equal to gaining access to a substantial store of useful knowledge for your investing path.

You may access a broad variety of books and whitepapers written by various authors and industry experts in the library.

You can use a wide range of forward-looking content, depending on your investing interests, to become a more knowledgeable and active precious metal investor. Such as;

  • The Aboveground Gold Stock
  • A detailed look at Bank of England gold
  • The Science of Gold and Precious Metals
  • The fiat money quantity (FMQ) etc.

Company Reliability: Why Choose Goldmoney Gold IRA? 

Yes, Goldmoney is reliable. They have been in existence for at least 22 years and offer gold IRA services. Despite some negative consumer reviews, they offer trusted precious metals like gold, silver platinum and palladium. Goldmoney also accommodates international currencies since they are found in some other countries in the world like: UK, Singapore, Switzerland, etc.

In 2015, they also partnered with BitGold, a gold payment technology company. They have A+ better business bureau ratings.

Goldmoney Gold IRA Company History and Background

Goldmoney is a precious metals sales and storage company as well as a wealth management organization. It was created in 2001 by Roy Sebag, James Turk, and Joshua Dale Crumb and is based in Toronto, Canada.

They now have physical presences in Hong Kong, Canada, the United States, the United Arab Emirates, the United Kingdom, Singapore, and Switzerland.

Customer Reviews 

Let's look at some of the reviews and rankings the business has received from different sources of their solid investment principles so you can come to your own conclusion.

To find the most reliable and trustworthy precious metal investment company to invest your hard-earned money lies in the hands of the third party and customer reviews. These responses and ratings will certainly help you to make a good investment decision.

GoldMoney IRA is one of the best online investment companies in the world. They have over 10,000 satisfied customers and they have helped them to make a lot of money.

The company offers many different products, but their main focus is on gold and other precious metals. The company has been around for more than a decade and they have become one of the most trusted investment firms in the world.

Goldmoney IRA Independent 3rd Party Customer Reviews

Our Goldmoney review covers all you need to know about this gold IRA company and ratings from other review websites compared to most businesses and their fee structure.

  • Better Business Bureau (BBB) - A rating( But it is not BBB-accredited) 1.2 stars out of 5
  • Trustpilot: 2.2 stars out of 5 from 1,916 reviews
  • Sitejabber: 1.6 stars out of 5 from 78 reviews
  • Glassdoor: 3.6 out of 5, based on over 19 reviews

Goldmoney Bitcoin Review

By standardizing communication between the top BSC protocols and blockchain infrastructure, GoldMoney unites both in order to develop and carry out complicated financial transactions while upholding Privacy, Anonymity, and Sovereignty.

A blockchain ledger, a native coin (DGM), and a strong ecosystem of on-chain apps and services make up the distributed network known as GoldMoney.

There are no reviews on bitcoin or cryptocurrency.

Goldmoney Personal Account

Based on the Goldmoney account, they assign a good relationship management team to guide you and make sure you stay up to date whether you have multiple accounts. They provide advance notice about any given changes.

Most customers complained of their foreign exchange fees on a physical metal , which has prompted customers with personal accounts to close their accounts.

Average star ratings
  • BBB logo

    BBB: 1.2/5

  • Trustpilot

    Trustpilot: 2.2/5

Goldmoney vs the competition
goldmoney gold ira review logo

Best Customer Reviews

  • Gold, Silver, Platinum & Palladium

  • $10,000

    $5,000 non IRA

  • 80$

    80$ Annually

  • $100


  • A+

  • AAA

  • None

goldco precious metals IRA

Best for inflation protection

Visit Goldco
  • Gold & Silver IRA

  • $25,000

    $3,500 non IRA

  • $50 + $30

    $100 Admin Annually

  • $150 Segregated

    $100 Non Segregated

  • A+

  • AAA

  • Get 10% back in FREE silver

Augusta Precious metals
Augusta Precious Metals

"Best Company Reviews"

Visit Agusta
  • Gold, Silver, Platinum & Palladium

  • $50,000

    $50,000 non IRA

  • $50

    $200 Admin Annually

  • $125


  • A+

  • AAA

  • None

American Hartford Gold
American Hartford Gold

Best Gold IRA Price

Visit AHG
  • Gold & Silver IRA

  • $10,000

    $2,500 non IRA

  • $50

    $180 Admin Annually

  • Variable

  • A+

  • AA

  • Free silver worth up to $5,000 on qualifying purchases

birch gold group
Birch Gold Group

Best Customer Reviews

Visit Birch Gold
  • Gold, Silver, Platinum & Palladium

  • $10,000

    $5,000 non IRA

  • 80$

    80$ Annually

  • $100


  • A+

  • AAA

  • None

Alternatives to Goldmoney

We have carefully and critically examined these gold IRA companies in the best way we can. Despite the fact that there are many investment companies, few are remarkable and carry out the best business practices. If GoldMoney services are not a match for what you’re looking for, checkout these two alternatives below:

>>CLICK HERE to read our list of the top gold investing companies.<<

Alternative “Augusta Precious Metals”

Augusta Precious Metals employs Harvard economists to guarantee that their clients have the greatest information available to make well-informed decisions.

With the client in mind, they created a user-friendly website that makes it simple to research and buy precious metals with assurance.

Additionally, they assign a personal Gold Assistant to each customer to help them with the gold purchase.

Setup Fees (One-Time)

  • A guardian can be appointed for $50.
  • The custodian cost is $100 per year.
  • The cost of storage in a non-government depository might be $100.
  • The entire one-time cost is $250.

Alternative: Goldco

When you want to roll over to a new gold IRA account or start a gold investment account, Goldco is a great gold investment firm to invest in. It has been in the precious metals market for years.

To learn more about securing a Precious Metals IRA, those with an IRA, 401(k), 403(b), TSP, retirement funds, or any other tax-advantaged savings account can talk to a Goldco Specialist.

Goldco is rated A+ by the Better Business Bureau (BBB) and triple-A by the Business Consumer Alliance (BCA).

How to invest in Goldmoney

To invest in Goldmoney Gold IRA, you will basically need to open a holding account and have it validated. As part of the company's Know Your Customer (KYC) standards, the verification procedure entails you delivering your supporting documentation. Both online and offline methods are available for the verification procedure.

Having a holding account gives you more freedom to bank wire transfers and make purchases anywhere in the world. Here is the investment process:

Step 1:

If you're applying for a Holding Account for the first time using GoldMoney, you must submit some basic information, such as:

  • Your full name
  • Date of birth
  • Email
  • Password
  • Nationality
  • Place of Birth
  • Current Country of Residence
  • Phone Number

Step 2:

In order to verify your account information, you will essentially need to present a copy of your government-issued ID as well as your current utility or bank statement as address proof.

Step 3:

The third step is to fund your account. You will be expected to submit answers on details identifying your funding source as part of your first registration. However, account approval delays might occur if insufficient information is provided. Make sure this information is correct. Your funding may come from any of the following:

  • Pension/retirement income
  • Gifts
  • Sale of business
  • Salary
  • Profit

You may deposit money into your Gold Money account via a variety of techniques, including:

  • Bank Wire transfer
  • Credit Card
  • Wechat Pay
  • Alipay
  • Transferwise & Xoom
  • PayPal
  • Cryptocurrency


Simply navigate to the menu, which is represented by a three-lined hamburger icon at the top of your account, and purchase your first piece of gold, silver, platinum, or palladium. Choose Precious Metals from the menu, then click "Buy Metals."

You will next be invited to choose the vault in which you want your precious metals stored. There are at least 13 vaults to select from across 6 countries.

Please keep in mind that each vault has a separate storage cost, which typically ranges from 0.065% to 0.082%.

Your purchase and sell order will be fully handled within 24 to 48 business days.

Do We Recommend Goldmoney?

Yes, Goldmoney is a legitimate company and provides investments via IRAs, SIPPs, and TFSAs. Goldmoney allows you to physically own precious metal bullion bars and coins at the vaults in various places if you prefer offline transactions. As an alternative, they make physical delivery straight to you.

The company furthermore offers a number of customized pension packages to safeguard your investment over a lengthy period.

Our Verdict : 3/5

goldco precious metals IRA

$25,000 Minimum Investment

Get up to 10% Back in FREE Silver


Goldmoney's FAQs

What is the minimum investment for Goldmoney Gold IRA Precious Metals Gold IRA?

Holdings or Personal/Business Accounts with any balance are subject to a US $10 minimum monthly storage fee. The minimal fee is charged if the overall storage cost for keeping your precious metals in custody is less than US $10 per month.

What type of metals should I have with my Goldmoney Gold IRA?
  • Gold
  • Silver
  • Platinum
  • Palladium
When would I be qualified for the Goldmoney Gold IRA distributions?

At age 72, you’ll have to begin taking necessary distributions from your gold IRA.

Is there a buyback program for Goldmoney Gold IRA?

Honestly, it is not stated on their website but there must be a buyback program since they are one of the IRA investment companies.

Loomis International (Nasdaq OMX: LOOM), Brinks (NYSE: BCO), G4S (LSE: GFS), Malca-Amit, Rhenus Logistics, and the Royal Canadian Mint.

Loomis International (Nasdaq OMX: LOOM), Brinks (NYSE: BCO), G4S (LSE: GFS), Malca-Amit, Rhenus Logistics, and the Royal Canadian Mint.

Why would I need a custodian to handle precious metals in my Goldmoney Gold IRA?

Yes, they help you to secure your precious metals and give the best investment plans.

Who is the custodian of Goldmoney Gold IRA Precious Metals Gold IRA?

Malbex Resources Inc., BlockVault Inc.,

How long will it take to rollover my IRA to the Goldmoney Gold IRAs Precious metals Gold IRA?

Depending on the location in which your bank is based, rollover might take anywhere from 1 to 6 business days to arrive at your bank account.