Fintech Minted Launches App To Buy, Sell and Save Physical Gold

Minted has unveiled a new savings app in the UK aimed at breaking down traditional barriers to investing in gold.

The FCA licensed UK-based fintech company’s app lets customers invest as much or as little as they want each month, as well as withdraw their physical gold.

Savings plans with Minted start at £30 per month, with users buying the highest pure gold from an LBMA (London Bullion Market Association) approved delivery partner. Minted also provides customers with free insurance and the option to store their gold for free in a London vault.

Becky Hutchinson, MD at Minted, says: “Right from the start, we wanted to make investing in gold a possibility for absolutely everyone. There is no reason why it should still be thought of as the preserve of the extremely wealthy or experienced investors. These are uncertain times and investing in precious metals can provide stability and the prospect of strong growth.

“We’ve worked hard to ensure that our app is easy to use, intuitive and gives customers just the right amount of information to guide their investment decisions. The fintech sector is evolving rapidly and the boundaries are constantly being pushed in terms of the investment products and services coming to market. It is extremely important to us that our platform stands out from the crowd.”

According to Minted, gold is well-known globally as a ‘safe haven’ asset because it holds its intrinsic value and performs well compared to equity investments on a short and long-term basis. Its app lets users control regular savings plans and see detailed insights into account balances. Once they have saved enough for a gold bar, customers can then withdraw or sell their physical gold. Users can pay by credit or debit card, as well as PayWithMyBank and other e-wallet options.

Currently, Minted offers gold bars ranging in size from 10g to 1kg but it also has plans to add other precious metals to its platform.

Hutchinson adds: “People may have various reasons for choosing gold: diversifying their investments, building an emergency fund, putting away money for their families in a safe place or simply saving enough to splash out on a big purchase. We believe Minted offers options for everyone, and we are extremely proud to be bringing this new product to market.”