Convert gold jewelry into gold money

SamIam23SamIam23 Posts: 3 Tin ✭
If you I physical gold, can it be converted to gold money and put into my account?


  • RocketDogRocketDog Posts: 806 Silver ✭✭✭✭
    @SamIam23 I do not believe Goldmoney currently receives physical gold for conversion to GoldMoney and deposit into your account. Though there has been talk of that feature being available thru retail outlets in the future.
    Maybe if you bought Mene it could be sold back without much problem.
    If you own your own physical gold now, Goldmoney would have to assess the gold before they could purchase it. The gold that is stored in the vaults is insured to be a certain level of purity, so they can't just put any gold in the vaults.
  • SamIam23SamIam23 Posts: 3 Tin ✭
    Thanks for the info! Greatly appreciated. Its what i thought as i didnt find much info on this in the FAQs section. I have reached out to the company via email. I'll post on this thread any new info i might be given !
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