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Perth Mint GoldPass

Perth Mint GoldPass

Buy, sell and transfer gold

15 ratings
8 reviews
💰 Finance

Archived App

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

  • Released
  • Updated
  • September 18, 2019
  • May 31, 2023

Developer

Gold Corporation
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About

Easily buy, sell, and transfer digital gold and silver with a 24/7 trading platform. Invest with as little as $1, with no storage fees and government-guaranteed security.

✓24/7 trading platform
✓No minimum investment
✓Government-guaranteed gold
✓Live gold prices
✓No storage fees
✓Gift transfer
Show original description

What's New in Perth Mint GoldPass

4.17

May 31, 2023

GoldPass notification update

User reviews

Most RecentHighest RatedLowest Rated

Too much fee or hidden charges

They charge too many hidden charges for each transaction, this is not disclosed properly, you have to dig through the conditions.
Don’t waste your time and money
samgfihsweyhcxdsamgfihsweyhcxd

Response from developer

Thank you for taking the time to review Perth Mint GoldPass. We are constantly working towards improving the user experience and are taking all suggestions under advisement. Kind regards, The Perth Mint.

Some improvements

Wish y’all made the following improvements

1. Instant deposits
2. An iOS widget for iPhones and an app for the Iwatch
3. Need to add the ability to buy platinum and palladium too!

Still waiting on #1 & 2 but getting better
LdebroLdebro

Response from developer

Thank you for your feedback. We are constantly working towards improving the user experience and are taking all suggestions under advisement. Kind regards, The Perth Mint.

Terrible

To deposit money into the account you need to wire them money which if you planned on putting $50 a week or whatever into the app you would have to consider the wire fee on top of that killing the whole point of investing in small amounts. Just get the cash and buy your silver in person or online
TigerTmanTigerTman

Response from developer

Thank you for your feedback. We are constantly working towards improving the user experience and are taking all suggestions under advisement. Kind regards, The Perth Mint.

2 Weeks and Waiting

Well, it’s about 2 weeks and I’m still waiting to have my account activated to allow purchases. Seems to be an arcane, manual process for each step with people that do one thing per account request a day and then ask for the next piece of info. Or maybe this is because the price of gold dropped so much and they are reluctant to activate new accounts until the price goes up? Regardless, many emails and info requests and still nothing. They should take some coaching from other companies like Coinbase to see how things should be done with automatic online linking of bank account and no fee transfers of money then purchases almost immediately. I’m wondering if they use pencil and paper on clipboards and inter office mail carts to communicate internally. Based on my experience and those recounted in other reviews, I’m not even sure I want to use this service after all the effort.
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RJTaylorJrRJTaylorJr

Response from developer

Hi RJTaylor Jr, thank you for taking the time to review The Perth Mint GoldPass. We are continuously improving our service and wish to extend our apologies about the delay. Kind regards, The Perth Mint.

Lots of fees to use

I like the concept but there is a lot of work to be done here. The cheapest option to transfer money in is ACH, if your bank offers it, if not, there is a $30 fee to wire money to GoldPass. My bank charges $3 to ACH transfer money to GoldPass so if you are thinking of dollar cost averaging you need to take this fee into account.

Once you get your money to GoldPass (3 business days), there are fees to purchase and sell gold certificates.

Finally when you withdraw money from GoldPass, you have to go through a complex authentication process where you send “Gold Corporation (GoldPass)” your recent monthly bank statement so they can review your transactions and determine if your receiving bank account is legitimate (takes about 1 week). I tried a withdrawal to see how it worked, it took 3 days, and my bank charged me a $15 wire transfer fee to receive the withdrawal.

That is a lot of fees! Unfortunately the fees make this product in its current form unattractive as an investment vehicle.
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Ace AmericaAce America

Response from developer

Thank you for your feedback. The app offers both ACH or WIRE transfer to use as you prefer. We are aware of associated fees as charged by banks to complete the various transfer options, unfortunately such charges are outside our control as these are set by the banking institutions. You will notice a slight time lag in withdrawing funds as the operations team here in Australia need to approve the payments via JP Morgan. We typically remit funds via wire method as this is the most timely and based on customer feedback the preferred option. Kind regards, The Perth Mint.

See 3 more reviews

FAQ

What is Perth Mint GoldPass?

Perth Mint GoldPass is a secure and convenient mobile application that allows users to buy, sell, and transfer Perth Mint gold and silver. It offers a 24/7 trading platform with no minimum investment, starting from as little as $1.

How secure is Perth Mint GoldPass?

Your metal holdings are 100% owned by you and secured in vaults, fully insured under The Perth Mint’s unique government guarantee. The app is designed to be a secure and convenient way to manage your precious metal investments.

Can I invest with a small amount using Perth Mint GoldPass?

Yes, the app has no minimum investment requirement. You can begin your precious metal investment journey with as little as $1 worth of gold or silver.

Does Perth Mint GoldPass have storage fees?

No, Perth Mint GoldPass takes care of the storage and security of your gold or silver in The Perth Mint’s central bank-grade vaults at no additional cost to you.

Can I get physical delivery of my gold or silver?

Yes, you can redeem your digital holdings for physical 99.99% pure gold or 99.90% pure silver anytime. You can request to redeem your GoldPass certificates for Perth Mint gold or silver bars in-app.

What are the trading hours for Perth Mint GoldPass?

Perth Mint GoldPass offers a 24/7 trading platform, allowing you to easily buy and sell your digital gold or silver holdings and withdraw funds whenever you need.

What is the user rating for Perth Mint GoldPass?

Perth Mint GoldPass has a rating of 2.6 stars from 15 ratings. This indicates a mixed reception from users.

How often is Perth Mint GoldPass updated?

The latest version of Perth Mint GoldPass is 4.17, and it was last updated on May 31, 2023. This suggests a consistent update schedule.