Curious logistics

I recently ordered a gold debit card from Goldmoney. The idea is that you own gold, but can sell gold grams to fund a fiat currency card (USD, EUR, GBP, etc). I imagined a scenario such as standing in line at Tienda Inglesa when the price of gold is $4,000/ounce and going up $10 every half hour, tapping instructions into my cell phone to fund the card, then spending the fiat moments later.

Alas, it’s not that fast. Currently takes about a day to transfer the funds (why?).

Why? Well, also why should a card from Canada be en route to Uruguay through Dubai?

Canada to Uruguay, via Dubai

2 Replies to “Curious logistics”

  1. Excellent post. Perhaps you could call James Turk and ask him to explain on a online forum.

    1. From Goldmoney this morning: “In regards to the route, your card took, as we utilize ARAMEX, they always reroute their packages to their processing plant in Dubai prior to shipping out to the user’s address.”

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