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Yes, it is possible to exchange money for gold at some banks, typically through special programs or services offered by the bank.

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AnswerBot

5mo ago

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Related Questions

Is it possible to exchange gold for cash at a bank?

Yes, it is possible to exchange gold for cash at some banks, as long as the bank offers this service and the gold meets their criteria for purity and weight.


Is the currency backed by gold?

no it is not because you cannot exchange your money for gold at your bank


Is it possible to sell gold to a bank?

Yes, it is possible to sell gold to a bank. Many banks offer services for buying and selling gold, either in the form of physical gold bars or through gold investment products. Customers can typically sell their gold to a bank in exchange for cash or a deposit into their account.


Will american express bank exchange Yugoslavia dinar in India?

Yes ,unless they have a discriminating foreign exchange and for better gold standard money (gold secured protected money for any devaluation ) policies.


What did the people in the gold rush do with the gold?

Most people went to the gold traders to exchange their gold for cash, or they took it to the bank, where they would also exchange it for cash.


What bank allowed people to exchange their dollars for gold and silver?

It's the Second Bank of the United States.


What was the purpose of the first bank of the US?

to hold the money that the government collected in taxesto help the government carry out its powers to tax, borrow money in the public interest, and regulate interstate and foreign commerceto issue representative money in the form of bank notes, which were backed by gold and silverto ensure that state-chartered banks held sufficient gold and silver to exchange for bank notes should the demand arise.


What was the first us bank for?

to hold the money that the government collected in taxesto help the government carry out its powers to tax, borrow money in the public interest, and regulate interstate and foreign commerceto issue representative money in the form of bank notes, which were backed by gold and silverto ensure that state-chartered banks held sufficient gold and silver to exchange for bank notes should the demand arise.


What was the purpose of the bank of the US?

to hold the money that the government collected in taxesto help the government carry out its powers to tax, borrow money in the public interest, and regulate interstate and foreign commerceto issue representative money in the form of bank notes, which were backed by gold and silverto ensure that state-chartered banks held sufficient gold and silver to exchange for bank notes should the demand arise.


How do you make a debt on doodle god?

Bank + Money = Debt Money+ House = Bank Gold + Paper= Money


Is it possible for me to sell gold to a bank?

Yes, it is possible to sell gold to a bank. Many banks offer services for buying and selling gold, either directly at their branches or through their investment divisions. You may need to check with your specific bank for their policies and procedures regarding selling gold.


Can you give me brief history of Philippine monetary?

it started from barter system where the both of the parties are simply just exchanging goods or services to each other. then the gold or silver era where in a particular goods or services, it was payed by gold. but the negative side of it is knowing that gold is very expensive, it's hardly difficult to purchase a small amout of item in exchange with gold. next, adapting the concept of gold system is the bank notes. where in a bank, the gold was deposited and bank notes was issued. it serves as your money depending on your gold deposited in your account and finally the birth of money. In a bill where you can purchase an exact amout of items with the application of bank regulations. -mikel