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Politics : Gold and Silver Stocks and Related Commentary

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To: goldsheet who wrote (9189)	3/21/2005 2:41:25 PM
From: The Vet	Read Replies (2) of 18308

Several times I have felt tempted to open a goldmoney account but every time I read the following passages from their web site I get nervous... What is the transaction limit? The transaction limit is imposed only on a Holding that is CAP-Limited. It controls the amount of money that can be transferred from a Holding in any one month. This limit is 50gg every calendar month. There is no transaction limit for a Holding that is CAP-Verified. Hmmm ... No transaction limit for CAP-Verified accounts.. Then why do they have this... (on another page)... Further Information GoldMoney may request further information from you and a notarised copy of your documents, generally depending upon the activity and usage of your Holding. For more information, see our User Agreement, Section III, A. If you expect your Holding to have a balance greater than 1,000gg or a significant volume of activity, A thousand grams is only 32 ounces of gold.. I don't know about you but I wouldn't even bother opening an account for less than 32 ounces, and then apparently if I wanted to sell it then they could delay and frustrate me by demanding " Further information" . I have had plenty of occasions where banks and brokerages have decided to delay a transaction for their own reasons.. It seems Goldmoney has the same trick up their sleeve as well!

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