Gold pass Perth mint

Discussion in 'General Precious Metals Discussion' started by Anniesilver, Apr 6, 2020.

  1. Anniesilver

    Anniesilver Well-Known Member Silver Stacker

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    Hi
    Has anyone using goldpass from Perth mint
    Is it a good platform? regards
     
  2. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    Had a try to see what it's like and it seems okay. I would actually like to try to send some to someone as a trial to see how easily a transaction goes.
     
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  3. SteelHand

    SteelHand Well-Known Member Silver Stacker

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    I've got it, it's a pain in the bum to set up, which I can understand as you need to prove your identity to be able to use it. That took about a week from memory.

    After that, it's easy to use. You direct deposit money into PM's account, they send you a push notification and email once the money is uploaded to the app (either same day if you're early enough or the next day) and you buy gold. Once you have a minimum of 1oz, you can convert it to physical (have to pay a casting fee) and collect it. They charge a 1% fee on the spot price when you buy and 1% when you sell. I haven't sent to another person so I can't comment on that side of things.
     
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  4. silverhair

    silverhair Well-Known Member

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    A friend sold his holdings in gold pass a month or two ago, and they settled with in 24 hours via EFT.
     
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  5. Anniesilver

    Anniesilver Well-Known Member Silver Stacker

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    Great thanks for replies
     
  6. Anniesilver

    Anniesilver Well-Known Member Silver Stacker

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    I will report back once I am up and running
     
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  7. Anniesilver

    Anniesilver Well-Known Member Silver Stacker

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    Just to report
    Open account at 9am
    person verification in under 10min
    Bank account verified in 2 hrs
    Money transferred over night as they use westpac
     
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  8. XB

    XB Active Member Silver Stacker

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    Thanks Anniesilver. Thant's pretty snappy.

    Other than potentially smaller dollar amounts being able to be transferred, I'm still trying to get my head around how this differs from say Goldstackers system?
     
  9. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    I think it's meant to be like a crypto currency, except it's backed with gold. I'm wanting to do a test transfer with any another Goldpass user to see how it goes.
     
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  10. SteelHand

    SteelHand Well-Known Member Silver Stacker

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    Nice one, looks like they may have streamlined the verification process from when I did it.
     

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