what do you think about E-bullion?

below is their fee
SERVICE FEE
To help offset the costs associated with maintaining e-Bullion®, we charge a modest monthly service fee (instead of costly storage fees). This monthly charge is equivalent to 0.333 grams of Gold at current exchange rates. This equates to approximately USD$7.08 per month/ per account, which is more efficient and less costly to users of e-Bullion®.

so what do you think about the fee, high or not?