Gold pass Perth mint

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

  1. Anniesilver

    Anniesilver Active Member Silver Stacker

    Joined:
    Mar 4, 2015
    Messages:
    478
    Likes Received:
    115
    Trophy Points:
    43
    Hi
    Has anyone using goldpass from Perth mint
    Is it a good platform? regards
     
  2. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

    Joined:
    Dec 31, 2014
    Messages:
    1,225
    Likes Received:
    874
    Trophy Points:
    113
    Location:
    Melbourne, Australia
    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.
     
    Anniesilver likes this.
  3. SteelHand

    SteelHand Active Member Silver Stacker

    Joined:
    Aug 26, 2019
    Messages:
    307
    Likes Received:
    234
    Trophy Points:
    43
    Location:
    Perth, WA
    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.
     
    Anniesilver likes this.
  4. silverhair

    silverhair Well-Known Member

    Joined:
    Dec 9, 2019
    Messages:
    222
    Likes Received:
    274
    Trophy Points:
    63
    A friend sold his holdings in gold pass a month or two ago, and they settled with in 24 hours via EFT.
     
    Anniesilver likes this.
  5. Anniesilver

    Anniesilver Active Member Silver Stacker

    Joined:
    Mar 4, 2015
    Messages:
    478
    Likes Received:
    115
    Trophy Points:
    43
    Great thanks for replies
     
  6. Anniesilver

    Anniesilver Active Member Silver Stacker

    Joined:
    Mar 4, 2015
    Messages:
    478
    Likes Received:
    115
    Trophy Points:
    43
    I will report back once I am up and running
     
    GoldenEye and XB like this.
  7. Anniesilver

    Anniesilver Active Member Silver Stacker

    Joined:
    Mar 4, 2015
    Messages:
    478
    Likes Received:
    115
    Trophy Points:
    43
    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
     
    SteelHand, XB and silverhair like this.
  8. XB

    XB Active Member Silver Stacker

    Joined:
    Mar 12, 2011
    Messages:
    2,085
    Likes Received:
    5
    Trophy Points:
    38
    Location:
    Brisbane
    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

    Joined:
    Dec 31, 2014
    Messages:
    1,225
    Likes Received:
    874
    Trophy Points:
    113
    Location:
    Melbourne, Australia
    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.
     
    XB likes this.
  10. SteelHand

    SteelHand Active Member Silver Stacker

    Joined:
    Aug 26, 2019
    Messages:
    307
    Likes Received:
    234
    Trophy Points:
    43
    Location:
    Perth, WA
    Nice one, looks like they may have streamlined the verification process from when I did it.
     

Share This Page