This article explains how to use the 7K Metals Sound Money Wallet to transfer precious metals like gold and silver between accounts. It covers setting up accounts for individuals or nonprofits, automating monthly contributions, and sending fractional amounts as gifts or investments, providing a valuable alternative to traditional fundraising and gifting methods.
If you are interested in fundraising or transferring value with a hedge against the declining paper dollar, using precious metals such as gold and silver can be an excellent option. Dave Gardner introduces a straightforward method to transfer funds between accounts using 7K Metals and the Sound Money Wallet.
7K Metals specializes in precious metals including gold, silver, and platinum. The platform allows users to purchase these metals in fractional amounts, making it accessible for various investment sizes. Alongside bullion, 7K Metals also offers collectible jewelry and numismatic items.
The Sound Money Wallet is an account system that tracks your holdings in precious metals. You can fund your account through one-time purchases or set up a monthly auto saver to invest automatically. This "set it and forget it" approach helps build your precious metals portfolio over time.
Instead of traditional fundraising methods like selling chocolates or other material goods that may lose value or go to waste, 7K Metals offers a way to give gold and silver as gifts or donations. This is particularly useful for nonprofits, churches, or community groups.
For example, if a church has a Sound Money Wallet account, members can automate their tithes or donations by sending precious metals directly to the church’s account. This method provides a more stable and valuable form of contribution compared to cash or checks.
Log into your Sound Money Wallet to view your balance. Your holdings may include items such as:
Within your account, there is a "Send a Gift" option. This allows you to transfer precious metals to other Sound Money Wallet users.
You can search for the recipient by name. The system will display users matching your search. It is important to ensure you select the correct person, especially if multiple users share the same name.
Once you select the recipient, add them to your list. You can then choose which precious metal you want to send, such as 1 oz Silver Eagles or 1 oz Gold Eagles.
You can send fractional amounts based on the current spot price plus a premium. For example, sending $5 worth of silver will convert to a fractional amount of silver credited to the recipient’s account.
After specifying the amount and asset, confirm the transaction. The recipient will receive the precious metals immediately in their Sound Money Wallet.
Automated Scheduled Gifts: You can set up recurring transfers to send precious metals regularly, such as weekly or monthly gifts to family members, friends, or organizations.
Sub Accounts: It is possible to create sub accounts for different purposes or groups, such as a team or community fund.
Flexible Asset Choice: You can choose to send different types of precious metals depending on your holdings or agreements with the recipient.
Hedge Against Inflation: Precious metals maintain value better than paper currency over time.
Fractional Ownership: Ability to send and receive fractional amounts makes it accessible for all budgets.
Secure and Immediate Transfers: Transactions are processed quickly and securely within the platform.
Alternative Fundraising: Provides a meaningful way to support nonprofits or community groups with valuable assets.
Gifting and Investment: Enables gifting precious metals as a form of investment or financial support.
The 7K Metals Sound Money Wallet offers a unique and practical way to transfer gold and silver between accounts. Whether you are fundraising for a nonprofit, supporting family members, or investing in precious metals, this platform provides flexibility, security, and value. By automating contributions or sending fractional gifts, you can leverage the stability of precious metals as a hedge against the diminishing value of paper currency.
Explore the Sound Money Wallet today to start transferring precious metals with ease and confidence.
