The account is denominated in either silver or gold and if you need cash you can sell off a portion of your position and use the gold or silver debit card to make.
Gold backed bank account.
They earn interest on their funds prior to placing an order.
Meanwhile for customers already.
With a gold backed card this takes a few more steps but the general process is mostly the same.
Buy sell and hold physical gold silver platinum and palladium bullion online.
A great savings account.
One unique feature of owning gold and silver in your precious metals storage account is bank card access.
Fully reserved accounts with audited one to one metal ownership.
You can even get a gold debit card that you can use anywhere in the world.
When you use a debit card your bank logs the transaction and pulls the money from your account balance.
And like most u s.
For the most part gold backed debit cards work just like normal debit cards.
The abc bullion gold saver account the abc bullion gold saver account is the perfect solution for those looking to build up a savings account in physical precious metals both gold and silver.
Competitive interest rates and no monthly maintenance fees are two big benefits of our package money market savings account 6 available to our gold checking package customers.
Customers transfer funds from traditional bank accounts into these unique gold backed bank accounts.
How does a gold backed debit card work.
I stumbled upon euro pacific bank based in the caribbean the other day.
If the name euro pacific sounds familiar that s because it s one of peter schiff s latest creations.
Bank savings accounts 7 it can also be used to provide overdraft protection.
Your metal your money.
Goldmoney is a global leader in precious metal custody and the world s largest precious metals network.
Unlike other precious metals products we offer the access and flexibility of quickly liquidating some of your holdings and spending the cash proceeds by atm withdrawal or point of sale.
Eligibility to save on closing costs.
Individuals can set up a regular direct debit from their bank account which abc bullion will convert into either gold or silver upon receipt.
It s backed by actual gold which converts to whatever currency you re needing at the time you hit that atm.