Goldmoney has decided to change it's Gold storage charging structure from a fixed fraction of a goldgram per month, regardless of holding size, to a % of the total value of gold held. I must admit, that for me, this fixed fee was one of the best features of Goldmoney, since it gave me extra encouragement to add even small regular sums to my Goldmoney holding, since they would not be subject to an extra storage fee.
If you're still looking for fixed fee gold storage, the best deal for larger holdings, then consider BullionVault, which continues to adopt this policy.
t must be said that you will need to calculate your own costs, since even though the Goldmoney fee could add a lot to the expense of your gold holding, whether it is worth selling and then paying new buying fees is another matter. I guess this is the attitude Goldmoney expect the majority of their customers to have.
Sunday 6 April 2008
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