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Imagine a world where investing in precious metals is as seamless as online shopping, where you can buy gold and silver with just a few clicks.
Welcome to OneGold, a platform that’s revolutionizing the way we think about precious metal investments. Whether you're a seasoned investor or just starting out, OneGold offers a blend of convenience, security, and innovation.
Curious to know if it lives up to the hype?
Let's dive into this comprehensive review and discover how OneGold is changing the investment game.
Before we get started with this review:
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And now back to the review...
What Is OneGold?
OneGold is an online platform for digital assets backed by precious metals. They offer a different buying experience by allowing customers to tailor their investing experience to fit their needs.
Every investor can transact 24/7, and they have the option of buying immediately or pre-funding. Before accessing any of their services and products, you must create an account first. Be sure to go through all their features before investing.
To become a savvy investor, you need basic investing before going headfirst into OneGold. Although, based on the client reviews, they have a great reputation. They have options for anyone interested in platinum, silver, and gold.
Who Owns OneGold?
OneGold is a partnership between APMEX and Sprott. They had a shared vision of revolutionizing precious metal ownership. They are the owners of OneGold and are building to be among the best metal buying experience.
AMPEX
The company was founded in 1999 by Scott Thomas. Their headquarters is in Oklahoma City, and they have an extensive online product selection. AMPEX has a lifetime sales of $ 10 billion.
With a global customer base of 1.5M, the company was one of the industry leaders dedicated to customer satisfaction.
Sprott
Sprott was founded in 1981 by Eric Sprott. It’s a real estate and precious metal investment company. They managed to accumulate customer assets worth $ 7 billion. The company also had 200,000 global clients.
The company had subsidiaries in Asia, the US, and Canada. They were offering alternative asset management and private resources investing.
How Does It Work?
The first thing you do is create an account. Setting up an account is free and will only take you a few minutes. Once the account is set up, you can browse their products.
You choose between platinum, silver, and gold from the secure vault of your choice. The next step is usually buying or pre-funding.
If you are buying, you lock in your order at the current spot price. But if you are pre-funding, you send funds to your OneGold cash balance.
Once everything is done, you can redeem, withdraw, or sell your holdings at any time. AMPEX has over 20,000 physical products to pick from if you want to redeem your holdings.
If you want to get out for one reason or another, you simply withdraw funds from the cash balance back to the payment source.
Products and Services
Gold, silver, and platinum are the products offered to US investors. They are held in USA vaults approved by Loomis International, COMEX, or AMPEX. Every product is fully insured by Lloyd’s of London against theft or loss.
The digital representations are backed up by investment-grade physical platinum, silver, and gold. All the products have different buying, selling, and storage fees. They can help you calculate the storage fees based on the holdings in your vault.
If you are from Switzerland, Canada, or the UK, gold, and silver are the only available products OneGold helps you buy, sell and manage your digital investments. Their products are physically segregated.
Inventory Audit
An inventory audit strengthens the investor’s trust and gives them peace of mind. OneGold works with vaulting partners who provide inventory reports every month. They identify the specifics of the precious metal owned by investors and OneGold.
They have inventory reports for Switzerland, Canada, the UK, and the US. Everything is a public record; you can read the reports in detail from their official website.
OneGold updates its insurance policy once a year. They also have third-party verification that helps them stay on top of investments. Some of their products are physically counted and verified twice every year.
There is also daily reconciliation between the balance in customer accounts and the physical metal in storage.
Storage Fees
The minimum storage fee per quarter is $5. Gold storage rate is 0.12% per annum, silver storage rate is 0.30% per annum, and platinum storage rate is 0.30% per annum.
The storage fee is billed quarterly. It is based on the average daily balance of your holding multiplied by the storage rate of the precious metal.
Once you get started, you will have to calculate the exact storage fee for your holding. But they have tools on the site to help you do that.
OneGold Mobile App
OneGold app has made silver and gold investing very convenient with 24/7 trading. You can track prices and trade on the app anytime. You can use the app for portfolio management.
The management tools show you where you stand with your portfolio and help you make informed decisions. It tells you whether to add to your holdings or sell.
You can set custom alerts that tell you when metal prices reach your desired threshold. If the prices reach your threshold, you can buy metal even if the markets are closed.
You will have live spot prices on your fingertips and stay informed with daily market news for gold, platinum, and silver. It tells you what is driving metal prices so that you can find ways to invest properly.
AutoInvest
There is a unique feature on the OneGold mobile app that allows you to auto-invest. You can automate orders for real metal and put your investment on autopilot. It’s an ideal tool if you want to build a metal-backed savings account.
You can set it to occur quarterly, monthly, weekly, or daily. You can tailor the automated orders to fit your needs. You can set it in terms of metal ounces or a set dollar amount.
Redemption
Redemption is where you convert your OneGold vault holdings into physical products. You can also do it via the convenient app. There is a variety of AMPEX physical products listed on the app.
You can select the one that interests you and exchange your holdings for it. AMPEX will quickly ship the physical product you have redeemed directly to you. If you don't want to convert your holdings to cash, redemption to physical metal is the next best option.
If you don't see anything you like, you can contact OneGold, and they will add more products from the AMPEX diverse catalog.
Precious Metals IRAs
OneGold helps clients diversify their retirement accounts or investments using self-directed IRAs. With trusted partners, inventory audits, and secure vaults, most people trust them with their retirement plans.
Just like 401K and conventional IRA, a self-directed account from OneGold will help you grow your money with compound interest and take advantage of tax benefits.
You will have control over the IRA, so you can create the portfolio you want. OneGold presents you with plenty of investment options. Their main advantage as your custodian revolves around safety and pricing.
They have secure facilities to hold the precious metals. The IRS accepts palladium, platinum, gold, and silver as IRA investments.
OneGold IRA is an exciting retirement venture that can help you secure a better financial future when you do everything right.
When you are interested, you must contact them and ask all the questions before starting the account and exploring the investment options.
How Do Precious Metal IRAs Work?
An IRA is a tool you use to put money aside for retirement. There are different IRAs, but the self-directed ones are the most common because they give you full control. Instead of investing in the usual things you are used to, you can explore more options.
You can invest in precious metals, real estate, and even tax liens. OneGold accommodates individuals who want to create an IRA. It's important to learn the rules before buying precious metals or any other investment.
For example, you might get a withdrawal penalty if you take out the funds before you are 59 ½. Also, you can’t open a precious metal IRA without a custodian; you will get in trouble with the IRS.
OneGold has a list of custodians that meet their quality, services, and reliability standards. You can go through them and contact one of them to help you invest in precious metals.
Why Invest In Gold?
Gold is usually seen as the safe haven and the best balancer for an IRA portfolio. You can use it to secure other investments because its value usually goes up when other investments go down. It has been a store of value for thousands of years.
You won't have to worry about inflammation risks as much when you have precious metal, especially gold, as an investment. The investment may not grow as fast as other alternatives, but gold is a more solid investment.
Price stability is also an advantage. Gold prices are rather stable compared to other options, and they won't reduce by a big margin even if there is a crisis. When you weigh the options, you will realize that it's one of the most reasonable investments.
You can redeem your investment in OneGold into a physical gold coin anytime you want. These are the things to remember when creating an IRA.
Beginner’s Guide to Gold
Gold is a limited natural resource which makes it very valuable. It's also unparalleled in terms of chemical composition and beauty. If you are a beginner, you should know that the greatest demand for gold comes from the jewelry industry.
The interplay between demand and supply determines the spot price. It used to be the wealthiest people who had access to gold. But anyone can invest in gold today and reap the benefits.
If you have to buy physical gold, look for a reputable retailer. The rich history, intrinsic value, and no default risk make gold a worthy investment.
Pros
Cons
Reviews
Reviews from past and present account holders will tell you all you need to know about a company. It shows if the company reacts to complains and tells if they are worth it or not.
OneGold has managed to receive many positive reviews on BBB and other trusted sources. The reviewers are happy with the investment options and the variety of products.
OneGold has published some customer reviews on the site, but it's also good to find more information online. There are a few complaints, but it's mostly about managing the account. Based on the reviews, it's difficult to access help after hours.
Summary
OneGold is a precious metal dealer founded by two excellent companies. Their main products are silver, platinum, and gold.
They have been operating for years, trying to make precious metal buying a pleasant experience for customers.
There are no serious complaints laid against them, which is great. Their features and services can benefit anyone looking to diversify their investments.
If you are interested in their services and products, reach out to them first for a consultation.
OneGold is not a horrible company, but we do not recommend them. They are not a scam, but they aren't the best choice for gold investments and certainly not IRA's, like other companies we have written about on this website.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:
>> CLICK HERE to read our list of the top gold investing companies. <<
Or, if you like what you have read about OneGold, you can go to there website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
