About Goldmoney
Who is Goldmoney?
Goldmoney is a precious metals investment company founded in 2001 and headquartered in Canada. The company is publicly listed on the Toronto Stock Exchange under the ticker symbol XAU. Through its operating subsidiaries, Goldmoney provides bullion trading, custody, and storage services, as well as jewelry manufacturing via its subsidiary Menē.
Regulation and Oversight
Goldmoney is not regulated by a major financial authority for investment services. However, its Canadian entity, Goldmoney Vault Inc., is a reporting entity to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for anti-money laundering purposes. Similarly, its UK entity reports to the National Crime Agency. The company also received exemptive relief from Canadian securities regulators in 2024 to continue its precious metals services without dealer registration.
Services Offered
Goldmoney offers clients the ability to buy, sell, and store physical precious metals including gold, silver, platinum, and palladium. Metals are stored in a global network of non-bank vaults, and clients have online access to their holdings. The company emphasizes real ownership and protection against counterparty risk.
Fee Structure
Goldmoney charges a 0.5% fee on both buy and sell transactions. There is a minimum monthly storage fee of US $10 for accounts with any balance. The fee schedule is publicly available and updated regularly.
Target Audience
Goldmoney is aimed at individuals and institutions looking to invest in physical precious metals as a store of value or hedge against economic uncertainty. The platform serves clients in over 100 countries and is not designed for forex or CFD trading.
Overview compiled by FXCanary from regulatory records and public data. full Goldmoney review