DigiGold

We’ve traded precious metals for 1,100 years. Now you can do it in seconds. Buy, sell and spread your risk, all at the click of a button with our DigiGold account.

DigiGold

Frequently Asked Questions

DigiGold is a simple and cost-effective way to own physical gold, silver and platinum in quantities to suit all budgets, allowing you to purchase and own a fractional amount of large gold, silver and platinum bars that are held securely in The Vault™.

These large bars allow us to offer economies of scale and pass on the savings to customers. Unlike buying coins or bars, it enables you to purchase gold, silver and platinum-based on value rather than weight e.g. £25 instead of a 1 oz. coin or bar, providing you with control and flexibility. Please note that DigiGold products cannot be delivered.

DigiGold offers direct ownership of real physical gold, silver or platinum without the delivery or fabrication fees associated with coins and bars. Unlike coins and bars, DigiGold enables you to purchase gold, silver and platinum-based on value rather than weight e.g. £25 instead of a 1 oz. coin or bar.

As you purchase fractions of a large bar, DigiGold cannot be delivered. Subject to a minimum order value of £25, you can purchase any amount you choose in 0.001 ounce units, and unlike larger coins and bars, you can spend exactly what you choose.

The Royal Mint buys large bars and stores them securely within The Vault™. Subject to a minimum order value of £25, you can purchase fractions of these bars to the nearest 0.001 oz., but unlike buying coins or bars, it enables you to purchase gold, silver and platinum-based on value rather than weight e.g. £25 instead of a 1 oz. coin or bar.

When you purchase DigiGold, you own it and have legal title to it, with The Royal Mint acting as a custodian only. This means that we don’t have any direct claim on the gold you’ve purchased, and you have the assurance that your gold, silver and platinum are protected.

DigiGold allows you to purchase and own individual ounces of large 400 oz. gold, silver and platinum bars, that are held securely in The Vault™. These large 400 oz. bars allow us to offer economies of scale to our clients and pass on the savings. Please note that DigiGold cannot be delivered.

DigiGold is a product offered alongside our existing investment coins and bars. If you already have an Invest account on royalmint.com, then you simply need to log in to purchase digital gold, silver and platinum.

If you haven’t opened an Invest account, this process only takes a few minutes to complete. Once your application is approved, you can add funds and begin trading.

DigiGold management fees are charged at 0.5% + VAT per annum based on the average daily market value of your total holding that is stored in The Vault.

When you choose to purchase DigiGold from The Royal Mint, we offer:

  • No hidden charges
  • No minimum monthly fee
  • Zero vault extraction fees

Invoices are issued quarterly and must be settled immediately or you will be liable to interest charges thereafter. For example:

Total value of metal held

Flat annual rate

Estimated quarterly fee excluding VAT

VAT at 20%

Estimated quarterly fee including VAT

£5,000.00

0.5%

£6.25

£1.25

£7.50

£10,000.00

0.5%

£12.50

£2.50

£15.00

£25,000.00

0.5%

£31.25

£6.25

£37.50

£50,000.00

0.5%

£62.50

£12.50

£75.00

£100,000.00

0.5%

£125.00

£25.00

£150.00

 

Unlike The Royal Mint’s coins and bars, DigiGold enables you to purchase and own a fractional amount of a large gold, silver or platinum bar. However, this means that DigiGold products cannot be delivered.

When you purchase DigiGold, you own it and have legal title to it, with The Royal Mint acting as a custodian, meaning that we don’t have any direct claim on the gold, silver or platinum you have purchased.

For your piece of mind, The Royal Mint guarantees:

  • That you own and have full legal title to every ounce of gold, silver and platinum on your account.
  • Every ounce of gold, silver and platinum on your account is backed up by an ounce of fine gold, silver and platinum in The Vault™.
  • Your gold, silver and platinum is stored securely in The Vault™, which is reconciled and accounted for each day.
  • The product remains within the custody and security of The Royal Mint at all times, protected by trained security staff and is fully insured.
  • The Royal Mint always holds more gold, silver and platinum in The Vault™ than is held by our clients.

Subject to a minimum order value of £25, you can purchase any amount of gold, silver or platinum you choose in 0.001 ounce units. There is no maximum order value.

Yes, you can sell your digital gold, silver and platinum 24 hours a day, 7 days a week, 365 days a year on royalmint.com, keeping you firmly in control of your assets.

Please note that The Royal Mint will offer to buy your Digital Silver and Digital Platinum back at the live metal spot price minus a 1% fee.
The VAT paid on purchase is a requirement under UK law and is passed to HM Revenue & Customs. It is not refundable upon sale.
There is no VAT liability on the sale of goods by non-VAT registered individuals.

A recurring payment enables you to automatically invest in a set monetary amount of a precious metal each month. When setting up a recurring payment, you can select the exact day you wish to purchase gold, silver or platinum each month, and choose how much you would like to invest in each metal.

Digital Gold is VAT exempt as it falls under HM Revenue and Customs’ definition of investment gold. VAT is payable on our Digital Silver and Digital Platinum products as the underlying metal is not exempt from VAT under UK law, and the metal is stored in The Royal Mint’s Vault in the UK.

The VAT paid on Digital Silver and Digital Platinum passed to HM Revenue and Customs and is not refundable upon sale.

There is no VAT liability on the sale of goods by non-VAT registered individuals.
VAT is payable on the storage of your DigiGold holdings across all products; Digital Gold, Digital Silver and Digital Platinum.

Yes, it does. If you are looking for CGT exemption, then all UK legal tender bullion coins from The Royal Mint can offer this benefit. If you are unsure about implications in relation to capital gains tax, please speak to your financial adviser.

Yes it is. Customers are granted full legal ownership of the digital gold, digital silver or digital platinum that they purchase. The Royal Mint has no claim over this metal and simply acts as a custodian. The metal is pool allocated in the form of c.400oz LBMA Good Delivery gold bars (Digital Gold), c.1,000oz LBMA Good Delivery silver bars (Digital Silver), and c.5kg LPPM Good Delivery platinum bars (Digital Platinum). As DigiGold allows customers to own a portion of large bars- enjoying the economies of scale without having to purchase full bars- it is not possible to take delivery of your metal. The Royal Mint does not sell unallocated gold, silver or platinum, neither does The Royal Mint use any of the metal held by DigiGold customers for any purpose..

Pool allocated refers to the investment grade bars that are used to back our digital gold, silver and platinum products (DigiGold).  These bars are set aside  and segregated within The Royal Mint’s vault and are used to physically back the amount of metal we owe to customers who choose to invest digitally, they are not used for any other purpose.  Customers who purchase one of our DigiGold products own a portion or a share of the physical metal bars within this segregated pool. 

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