Can anybody know gold backed visa/master card ?

[troubled soul]

Do any body know service or product which provide gold backed visa/master card ?

Can you give the detail of it ?

Kind of bank account for GOLD.

I deposit the GOLD in them and Whenever I need money I can use that Visa/Master Card to use it .

Thanks

 

[LoveMyLife]

There are just a few. The most of them do not accept a gold which you send them. And if they do, just that exact product as they sell. And fees are brutal..

 

[troubled soul]

Can you name them?

 

[Martin Everson]

Maybe GlintPay for basic gold backed card.

Secondly for sending in your own physical gold and then getting a loan against it there is that option - but no card with that solution so not worth mentioning.

Maybe someone else has solutions.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[backpacker]

Debit card coupled to gold ETF -> Aramco-backed fintech opens bank branch in London to help Muslims invest .
Overall an interesting concept, built on a much more stable footing than all these dubious Western fintechs.

Last edited: Jan 26, 2023

 

[Juanpablo7]

BUMP.

I am looking for solutions like this too if anyone has any alternatives.

I understand GolVerCard had this practice but from my understanding they're defunct & out of business.

 

[fc70]

Juanpablo7 said:
BUMP.

I am looking for solutions like this too if anyone has any alternatives.

I understand GolVerCard had this practice but from my understanding they're defunct & out of business.
Click to expand...

The soon to open Battle Bank in the USA will likely offer something like this.

 

[Houdini]

LoveMyLife said:
There are just a few. The most of them do not accept a gold which you send them. And if they do, just that exact product as they sell. And fees are brutal..
Click to expand...

What are the few you talk about, names please?

 

[Marshal]

Not for me, but maybe someone will find it interesting - a solid gold payment card called Raris from the Royal Mint.

https://www.royalmint.com/raris/

There's also TallyMoney, but I think that they are aimed at UK residents.

Last edited: Jul 13, 2023