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GoldMoney Review - Why Choose GoldMoney?
GoldMoney is my preferred precious metals provider, allowing you to preserve your wealth by owning pure gold, silver, platinum and palladium bars that are fully insured, stored safely and economically in specialised bullion vaults. GoldMoney is independently audited on a quarterly basis by a Big Four accountancy firm and its governance procedures have set the industry standard. Their website is intuitive and very easy to use.
The Advantages of GoldMoney
• You have the ability to buy and sell gold, silver, platinum and palladium - few services offer all four!
GoldMoney Review Summary
Strategic Uses of GoldMoney
Scenario Based Investing & Geographic Diversification
There is a strong case for shifting a portion of your wealth out of Western jurisdictions. Consider what would happen if your country’s anaemic growth is followed by yet another severe recession or depression. With interest rates already close to zero our options to resurrect the economy are limited.
I recommend that you become a scenario planner for your investments. You should assess government policies on an ongoing basis – will they pull us out of crisis or lead us into hyperfinflation? Is your government increasing taxes and introducing measures to control the flight of capital, making it difficult to move your money out of the country?
Continuously re-evaluate your options and strive for flexibility. Do not disregard extreme scenarios and prepare for the unexpected. Having a portion of your bullion stored in Zurich, Switzerland and another portion stored in Hong Kong is a prudent approach to investment allocation in the current environment.
Reduce Your Exposure to Hyperinflating Currencies
When making an investment you sell one particular asset in order to purchase another asset which you perceive will provide you with a higher return than the original. So in a portfolio of stocks you might sell a laggard stock in order to purchase a superior stock which is just breaking out to new ground. There is however a step in between these transactions which doesn’t register with the public at the present time. Say that both stocks are listed on the New York Stock Exchange, what actually happens is that you sell Stock A and buy US Dollars. You then sell those US Dollars to purchase Stock B.
This exposes a key flaw in most peoples’ investment methodologies. If we head into a period of hyperinflation, as I believe we will, you may find that you are stuck in your current investments, unable to sell because you don’t want to convert into US Dollars or British Pounds – even if only for a moment.
GoldMoney has the advantage of offering a range of foreign currency bank accounts and you may switch between them at any time. The proceeds from the sale of your gold, silver, platinum or palladium held in any of the vaults can be made into any GoldMoney currency account you wish. So a US citizen who is weary of converting back into US Dollars can choose settle in Swiss Francs, Euros, Canadian dollars etc.
External Reviews & Endorsements of GoldMoney
“It’s the very convenient re-monetization of gold and silver. It’s putting gold and silver back to work for ordinary people, in a very convenient way as a form of savings and as a form of payment...I’m a very satisfied GoldMoney customer of many years”. Chris Powell, Director and Treasurer of the Gold Anti-Trust Action Committee (GATA) at the 2009 Precious Metals Trade Fair in Munich.
“GoldMoney may be the best monetary system ever, and if governments don’t adopt it, I predict it will be widely used as a commercial service”. Peter Schiff in The Little Book of Bull Moves in Bear Markets, page 123.
“In general i would be very reluctant to trust most storage programs, but one exception is GoldMoney.com, founded by James Turk, a long-time gold advocate and widely respected figure”. Peter Schiff in Crash Proof 2.0, page 302.
“For the record, even though I know Jim Turk personally, I believe GoldMoney to be 100 percent safe, have an account there myself and believe that risks in the banking system far outweigh anything I can imagine inside GoldMoney”. Robert Prechter in Conquer the Crash, page 273.
Before we move on, here’s an interesting point...both the inflationists (Schiff) and deflationists (Prechter) are recommending gold and GoldMoney!
“GoldMoney is the safest “bank” that I have found, currently with over $800 million in assets. Moreover, in my opinion, it is safer than a normal bank because its not operating on a fractional reserve system. If everyone showed up at once to withdraw their funds, all of the funds would be on hand (unlike a fractional reserve bank which is only required to maintain 10 % of its capital in reserve)”. R. K. Tipton in Financial Meltdown Phase II, page 72.
Also...Precious Metals Investing for Dummies p134, Buy Gold Now p154, Endless Money p350 and 374, Rich Dad's Advisors: Guide to Investing In Gold and Silver, Acknowledgements and p157, 5 Steps to Freedom: How to Cut Your Dependence on Institutions and Escape Financial Slavery p249, Secrets of Swiss Banking: An Owner's Manual to Quietly Building a Fortune p100.
GoldMoney Video: Gold price in 9 Major Currencies