Clients wishing to move their existing metal between any of our 15 vault locations may do so using the Vault Exchange tool. A Goldmoney Vault Exchange is a quick and cost-effective way to ensure that your precious metals are globally diversified, taking advantage of our unparalleled global location choices in North America, the United Kingdom, the European Union, Switzerland, and Asia.
The Vault Exchange tool is available from our main Holding menu, as well as in our metal-specific menu:
Frequently Asked Questions
How much does it cost to exchange metal between vaults?
The vault exchange fee matches our metal exchange fee at 0.75%, though we will have a price of 0.5% in effect during introduction of the feature.
How long will the exchange take?
Depending on the size of the order, the exchange can take anywhere from a few minutes to a couple of days. As we are dealing with a physical bullion stored in actual vaults, effecting the exchange can take time depending on the size of the order.
Can I physically move the same metal from one vault to another?
Goldmoney can, in certain circumstances and when dealing with sufficient quantities of metal, facilitate a movement of metal between vaults. The minimum metal transport order would typically be measure in kilograms. If you would like to explore this possibility, please reach out to the Relationship Management team.
Does the vault exchange trigger tax reporting?
The vault exchange is facilitated by selling metal in the source vault and re-buying it in the selected destination vault. Please check with your local tax authority to ensure what if any reporting requirements this may trigger.
Please be advised that this service is not available for residents of the Canadian Province of Quebec.