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 HelloGold - Ask Me Anything, related to HelloGold or gold in general

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Knight_2008
post May 11 2020, 09:42 PM

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How much is the redemption fee? There is nothing on the website except for that we should contact hellogold when we want to redeem the gold.

Even if the costs isn't fixed I think we need an illustrated / estimated cost to make an informed decision on whether to invest on hellogold platform.
Knight_2008
post Jun 4 2020, 12:02 AM

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QUOTE(robincflee @ Apr 27 2017, 11:38 PM)
I am the CEO of HelloGold, a retail financial services platform that enables mass market consumers to access micro savings in investment grade gold through a mobile app (both Android and iOS). The mobile apps allow users to save, borrow and send gold at a minimum transaction threshold of ~USD0.25. HelloGold users have the opportunity to better preserve and diversify their wealth, as well as the ability to access short term financing by collateralizing their gold.

HelloGold makes gold affordable by allowing its users to buy very small weightage per purchase at international spot prices. Customers have direct ownership of the gold they buy. The gold bullion is stored in a vault in Singapore, fully insured against physical loss, and is fully redeemable as physical bars and coins, or simply cash.

Our partner in Malaysia is Aeon and we are about to partner with one of the largest banks in South East Asia. When the agreement is finalised, I will be in a position to disclose the name of the bank.

Before HelloGold, I was CFO of the World Gold Council where I was also part of the senior management team of the world's largest gold fund, GLD, with US$30 billion of gold under management.
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Hi if we buy the gold via HelloGold, how much must we have when we want to redeem physical gold inclusive of delivery to our home?

Also, will the gold be given at 99.99% or 99.9% purity? And it is a LBMA gold bar?

Thanks in advance.
Knight_2008
post Jun 7 2020, 09:01 PM

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QUOTE(MUM @ Jun 4 2020, 12:11 AM)
while waiting for his/her responses and confirmation....
I googled and found this.....

" if we buy the gold via HelloGold, how much must we have when we want to redeem physical gold inclusive of delivery to our home? "
Is there a minimum amount of gold that can be physically delivered?
https://help.hellogold.com/en/is-there-a-mi...ally-delivered/

"Also, will the gold be given at 99.99% or 99.9% purity? And it is a LBMA gold bar?"
What type of gold does HelloGold use?
https://help.hellogold.com/en/what-type-of-...-hellogold-use/
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Thanks for sharing the information. Now left the cost to get the physical gold. I heard it's somewhat between 5-7% but this is not verified.

 

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