Redeeming to the UK

Hi. I've just set up an account and deposited some money. I was very excited and enthusiastic about potentially owning some precious metals soon (the silver bars look great). But whilst talking through the system with my son tonight (he was about to set up an account too), I noticed some disturbing information about the extra costs of shipping gold/silver. I was under the impression (incorrectly) that purchasing gold in the London vault would mean local shipping :-(
Can anyone point me to the information I need to work out exactly how much it would cost to redeem some gold/silver to the UK and what liabilities I've lumbered myself with.
Can anyone point me to the information I need to work out exactly how much it would cost to redeem some gold/silver to the UK and what liabilities I've lumbered myself with.
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Goldmoney is so excellent in so many ways, but for me this is a showstopper. It's also a problem that the selection of coins for redemption is very limited. Why would i want to redeem into something as little known and poorly recognized as a gold cube?
For me the bottom line is that i need the ability to redeem into something other banking system credits. I am all over the physical redemption problem now after discovering, much to my disappointment, that the Goldmoney i bought with Bitcoin cannot be redeemed back into Bitcoin.
Keep in mind Goldmoney is a Payments and Savings platform which can be extremely useful and cost efficient to utilize the longer term benefits of saving in gold while also having the liquidity of being able to transact your gold when required. The Goldmoney card is also handy being accepted at any merchant that accepts Mastercard. It is also safer to save some money here with fully allocated and insured gold versus a bank account. However I understand wanting to own physical in your hands too, I own both.
I didn't realise this until I started looking into how much it would actually cost to get some precious metal delivered.
@Shanna Thanks for the reply :-) Hopefully, at some point, Goldmoney will see enough people wanting redemptions in other localities that it becomes a reasonable option for them to do that. I would be very interested to hear from Goldmoney themselves to explain why they can't do that already. I'm sure it will be a reasonable explanation, but it's a bit frustrating to be in a situation like this and simply not know why the London storage can't supply my gold.
@GoldIsCurrency That's quite interesting and it seems to indicate that Goldmoney really does want to expand its services, but sadly it looks like it might be a long time before local redemption will be considered. As a member with 5 star status :-D, do you have any insight or knowledge as to why this isn't already done?
Goldmoney keeps advising new developments as they keep developing and advancing the platform. I am just a user, not an employee so I can only offer so much insight. I think patience is key as there is no service on planet earth that remotely offers what they are doing here. Payments and Savings in the worlds best performing currency over time, fully allocated gold. Doing it within 1/2 percent of spot, free storage and insurance up to 1000grams and a free Goldmoney prepaid card to have the convenience of spending gold as money. Revolutionary. Give it time and the services will keep expanding. I was one of the 1st 25,000 users to sign onto this platform so I can say it is a constant development in process from a top notch, very busy management team with the best intentions for all at hand. Kindest regards.
@GoldIsCurrency Thanks for the info. You've certainly made me feel better about things.
Thanks to all for your input. I'd like to flag the question as answered, but to do that, it would be good if someone could provide a link to a site that explains the rules and regulations (and costs) of importing gold/silver into the UK. I'm likely to just hold on to see what happens if and when an outlet is opened in the UK, but if anyone else finds this question, it would be good to have a link like that for them.
In regards to duties and tax's / rules and regulations to the UK, I wish I were able to answer unfortunately I don't have that information. I am a Canadian user and all I can say is I have redeemed some of my gold holdings into physical silver bars. They shipped from Texas and I didn't incur any duties or tax's, just the cost of shipping which I recall being about $60. Considering the extremely competitive price on the physical compared to other sources I came out a winner. My shipping costs were covered in savings on the precious metal. Cheers.
Thanks.
Orders for physical delivery of metals are shipped from the USA. Please note different countries can experience different tariffs or charges on international precious metals orders. We recommend that you seek confirmation of charges, fees, or taxes prior to making your order. Tariffs for silver products differ by country, so please ensure that you have ascertained your liability before you place your order. Please note that, by placing an order for physical redemption, you agree that you will be fully responsible for paying any additional taxes or fees that apply. Subject to applicable law and the Goldmoney Terms of Service, Goldmoney does not accept returns.
IS it a case that Only Texas HAS the Gold ? or is it so high to discourage redemption ?
untill i see the shipping fee drop i will hold these thoughts