Anyone Using the Gold Backed Goldmoney MasterCard?

Discussion in 'Currencies' started by GoldenEye, Apr 14, 2017.

  1. GoldenEye

    GoldenEye Member Silver Stacker

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  2. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

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    I don't have one and don't really understand the motivation behind wanting one (particularly for Australians spending in AUD).

    In a bull market it would be an easy way to set yourself up with a big capital gains tax that you weren't really prepared for with the constant sale of gold from your account to fund the card. Not to mention it would be more complicated to take advantage of things like the CGT discount for assets held over 12 months.

    In saying that I might be overlooking the benefits, so interested to hear if anyone here has one and why...
     
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  3. zedstrange

    zedstrange Member

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    I have one, but I havent used it yet. I beleive it is much more costly than it seems particulary to get the money out if you want it in AUD.
     
    Last edited: May 4, 2017

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