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Goldmoney, a publicly traded Toronto-based precious metals platform founded in 2001, uses several security layers.
Client metals are held in allocated, insured vaults operated by firms like Brink’s and the Royal Canadian Mint, and holdings undergo independent audits by KPMG.
On the digital side, it employs AES 256 and RSA 4096 encryption, plus account-lock features restricting new bank-account links.
However, some reviewers note limited regulatory oversight compared to traditional banks, along with customer complaints about slow withdrawals and account access issues.
Overall, it appears reasonably secure for physical metal custody and cyber protections, but it isn’t insured like a bank deposit (e.g., no FDIC coverage), so investors should weigh custodial and liquidity risks before committing significant funds.
Related: True Gold Republic Review