Buy and sell physical gold instantly in the click of a button – the price you see is the price you pay - NO HIDDEN FEES
Monte Carlo Gold has developed a proprietary technology platform granting it access to physical gold via a user-friendly portal feeding a live ‘bid’ / ‘offer’ price of gold.
Courtesy of the World Gold Council
MCG has a strategic alliance with Dillon gage preciouis metals in Texas, who are one of the few precious metals companies with access to the major mints of the world like the US Mint and the Royal Canadian Mint in Canada. All gold backing each MCG will always be 99.999% Fine Gold. The unique reference ID linked each MCG purchase will tell you the location of your gold backing your MCG.
This refers to the purity of the gold, in this case it is 99.99% pure and is the purest form of gold available and is often referred to as Fine Gold. It is also known as 24 karat gold. Conversely, the standard London Bullion Market Association (LBMA) gold bar weighs around 400 troy ounces and has a minimum purity of 995.0 parts/ thousand gold, being less pure at 99.50%. 22 karat gold refers to gold that is only 91.67% pure. The US Gold Eagle, for example, contains 91.67% gold, 3% silver, and 5.33% copper. The South African Kruger Rand, contains 91.67% Gold and 8.33% copper
At time of purchasing MCG, the transaction confirmation details, date & time of transaction, price, currency, location, and purchasers’ details are recorded on the ledger of MCG and reconciled with the ledger and allocated on the ledger in the name of the client
An owner of allocated gold is the outright owner of a certain amount of physical gold. Unallocated gold remains the property of the bank or mint – the investor is essentially a creditor of the bank or mint.
Yes. Your gold is allocated to you on the ledger at time of purchase. The ledger of the Royal Canadian Mint is recognised as “Good Title” by the Canadian Government. “Good Title” means that in the unlikely event that MCG went bankrupt or ceased to exist, your gold belongs to you and will be protected.
Refer to the FAQ “What happens to my gold if MCG goes bankrupt?“ for more information
Your physical gold is held securely in the Royal Canadian Mint and your ownership title is represented by the amount of MCG you own. Your gold is allocated on the ledger in your name at the Royal Canadian Mint meaning it is owned by MCG customers. You are the owner of your gold. In the unlikely event that MCG went bankrupt or ceased to exist, the holders of MCG will have 2 options available to them – 1) to sell their MCG back into fiat money of their choice at the live price of gold at time of selling 2) to redeem the MCG for physical metal and take physical delivery of their gold. Please refer to the link and follow the procedure. MCG works with the precious metals broker Dillon Gage who will assist in this regard
All gold backing each MCG is 99.99% pure. This means it is considered as Fine Gold, the highest purity that exists. Its purity is typically graded using a scale of millesimal fineness. As 100% pure gold is essentially impossible to achieve, this is the purest type of gold commercially available.
The Royal Canadian Mint carries out a daily audit of the Gold held in their mint on behalf of Monte Carlo Gold users. The Royal Canadian Mint is a Crown corporation, operating under the Royal Canadian Mint Act. The shares of the Mint are held in trust for the Crown in right of Canada. The Mint produces all of Canada’s circulation coins and manufactures circulation coins on behalf of other nations.
To register to buy MCG you simply log into the MCG website (Log in to MCG) and follow the instructions to ‘sign up’. You will be guided through the registration process and required to give some personal information and to supply some documents. This is known as a ‘KYC or ‘Know Your Customer’, a procedure that is required by law. Once all has been received and approved you will be able to load money into your wallet.