Precious metal investments are growing in popularity. This is due to the fact that they are immune to inflation and act as a haven during times of financial instability. Thanks to precious metals companies that have made their products simple to obtain, you may invest in precious metals in just a few clicks.
There are many dealers in the precious metals market, which you may already be aware of if you have been looking for a company to trust with your investment. You might be seeking verified reviews to assist you in making the best selection because making an investment of this kind is not something to be done casually.
For individuals who want to begin investing in this priceless commodity, OneGold is a possibility. To assist you in deciding if this precious company is for you, here is an unbiased OneGold review.
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OneGold Review Overview
Company Name: OneGold
Business Type: Online precious metals dealer and marketplace
Website: onegold.com
Ownership: Joint venture between Sprott and APMEX
Location: Headquartered in Oklahoma City, USA
Insurance Provider: Lloyds of London
Established In: Founded in 2018
Getting to Know More About OneGold
More About OneGold
OneGold is a business, platform, and online market that focuses on investing in actual metals like gold, platinum, and silver. Four main nations, including the United States, Switzerland, Canada, and the United Kingdom, offer these investment opportunities.
It offers users the affordable opportunity to acquire valuable vaulted metals. Additionally, the company gives you 24/7 access to your precious metals, which are kept at the Royal Canadian Mint in Canada or at APMEX, Brinks, or Loomis in the US.
Joint Ownership of One Gold
As a OneGold investor, you benefit from a top-notch buying experience as well as unparalleled peace of mind from dealing with one of the industry’s most formidable rivals. Two significant investors, Sprott and APMEX, jointly formed OneGold and currently hold it.
These businesses combined their resources, knowledge, and expertise to give customers the greatest possible experience when buying pricey metals and setting aside funds for their retirement. Additionally, the partners want to give online precious metal investors the safest experience possible.
APMEX is well-known in the precious metals sector.
Scott Thomas established the renowned and reputable global digital precious metals broker APMEX in 1999.
Another Reputable Company is Sprott
Eric Sprott founded Sprott in 1981 with the intention of offering clients top-notch solutions for their investing needs. Managing alternative assets is the company’s area of expertise, with a focus on real estate and precious metals.
Additionally, Sprott has banking and merchant brokerage activities in both the US and Canada.
OneGold Review: Positives and Negatives
Examining the advantages and disadvantages of investing with a firm is the best approach to decide if it is right for you.
Positives of Investing in OneGold
Hedge Against Inflation: A physical gold coin is often seen as a hedge against inflation. When the value of fiat currencies decreases, the price of gold and silver often rises, preserving purchasing power.
Accessibility: A precious metal dealer like OneGold make it easy for individual investors to buy, sell, and hold precious metals without the need for physical storage.
Liquidity: Precious metals are generally highly liquid assets, meaning they can be easily bought or sold, especially through reputable online platforms.
Transparency: Reputable platforms provide transparent pricing and information about the precious metals they offer, helping investors make informed decisions.
Negatives of Investing in OneGold
Price Volatility: Precious metals can be subject to significant price fluctuations over short periods, which can lead to both gains and losses for investors.
Storage Costs: If you choose to hold physical metals through services like allocated storage, there may be ongoing storage fees that can eat into your returns.
Counterparty Risk: When you don’t hold physical possession of the metals, you are exposed to counterparty risk.
No Income Generation: Unlike dividend-paying stocks or interest-bearing bonds, precious metals do not generate income on their own.
Limited Tax Benefits: Depending on your jurisdiction, there may be limited tax advantages to investing in precious metals compared to other investment vehicles.
Market Sentiment: Precious metals are often influenced by market sentiment, geopolitical events, and economic factors. This can lead to sudden price swings that are difficult to predict.
How this Company Work?
The OneGold platform holds physical precious metal assets as collateral for any digital assets it holds. These valuable, liquid assets are kept in OneGold’s vaults safely. The next section of our OneGold review goes through how to use OneGold’s online platform to invest in precious metals including silver, gold, and platinum.
Make a User Account
Anyone interested in using the OneGold services must first register on the website of the business. Filling out the online form and following the instructions to finish any verification procedures make this simple to achieve.
Responsive Mobile App
You can use the desktop application by logging in through the website or download the mobile app to access your OneGold online account. One of OneGold’s numerous advantages is an intuitive smartphone app. This is done in order to serve the large number of online business owners who use their cellphones to access, monitor, and manage different aspects of their operations.
Both the Apple App Store and the Google Play Store offer access to the OneGold mobile app. Use the login information you created when setting up your account to download the app and log in to your account. Then, while on the go, you may follow and manage your investments in precious metals by using the mobile app to keep an eye on the OneGold market.
Sign in and connect a payment option, such as a bank account
To start purchasing precious metals using a range of payment options, including PayPal, credit cards, bank checks, debit cards, and Bitcoin, you must first connect to your OneGold account.
Establish your purchase and investment rates.
The next step is for consumers to specify how many ounces of precious metals they want to purchase before choosing an acceptable investment rate. The ‘Autoinvest’ feature also gives you the option of choosing a suitable buying frequency.
In any scenario, your money is entirely guaranteed and kept in a secure vault. You can log into your OneGold account to watch the process and view the status of your priceless jewel.
Get Your Precious Metals Redeemed
There are two ways for users to redeem the precious metals they bought from the internet marketplace. The first method comprises selling all or some of your digital precious metal assets in exchange for a variety of high-value goods, which are then delivered to a location of your choice. Selling your digital precious metals for cash is a second strategy. The money can then be withdrawn and deposited into your bank account.
What Products Does OneGold Provide?
Without examining the products that OneGold has to offer its consumers, this review would not be complete. You can buy gold, platinum, and silver with OneGold.
Vaultchain Silver and Gold
OneGold brings their clients the ideal offers on digital precious metals by utilizing their superior knowledge, abilities, and connections. One of them is Vaultchain Gold and Silver, a well-known virtual asset technology created by TradeWind.
The Royal Canadian Mint vaults and holds all Vaultchain goods. Customers are supposed to gain from improved access and security as a result of this.
OneGold also closely monitors the development of digital precious metals trading and investing. Because of this, their customers can be sure that the platform only has the greatest and most recent offerings.
Holdings of Products in the United States
Those looking for the safest and most practical option to invest in virtual precious metals like gold and silver in the US may find OneGold intriguing.
For investing in the United States, this market offers unequaled rates and ease. U.S. Silver, U.S. Gold, and U.S. Platinum, all of which APMEX manufactures on-site.
The knowledge that their important investments are safe and secure with organizations like APMEX, Loomis, COMEX, and Loomis International allows those who invest in precious metals to rest easy.
Additionally, all digital services are backed by real investments in precious metals that are properly insured and safeguarded by a business named Lloyds of London.
OneGold is not the custodian of precious metals IRAs. It does, however, help consumers set up IRAs. IRAs are retirement accounts that, unlike standard IRAs, purchase gold, silver, and platinum and invest in precious metals rather than paper assets. These investments provide you with more control over your money and various tax advantages.
Make a User Account
Anyone interested in using the OneGold services must first register on the website of the business. Filling out the online form and following the instructions to finish any verification procedures make this simple to achieve.
Precious Metals IRA
OneGold is not the custodian of an IRA. It does, however, help consumers set up IRAs. IRAs are retirement accounts that, unlike standard IRAs, invest in precious metals rather than paper assets. These investments provide you with more control over your money and various tax advantages.
OneGold can assist you in locating a trustworthy IRA custodian with whom to open your IRA account, or you can select the custodian of your choice.
In any case, there are three steps to opening an IRA account:
With the IRA custodian, establish a precious metals IRA account.
Invest in your account
Include your investment in precious metals.
Review of OneGold: Fees and Prices
A lot of people base their decisions on the cost and fee structure of a precious metals firm. When compared to other precious metals companies, you might be pleased to learn that OneGold has priced its products fairly and offers minimal storage fees.
Storage Fees or Charges
As previously indicated, OneGold customers have the option of choosing to store their precious metals with the Canadian Mint for Canadian customers or at Loomis International, Comex, or Brinks in the United States. No matter which option you select, storage costs are not too high. The precious metals purchased are insured by Lloyd’s of London, a trusted insurance provider.
A storage fee of 0.12 percent of the value of your gold holdings and 0.30 percent of the value of your silver or platinum holdings must be paid if you are keeping gold in storage. In comparison to many other precious metals merchants who charge at least $10 per month, OneGold’s storage costs are significantly less expensive.
Product Costs
The cost of things made of precious metals varies at OneGold depending on the kind of precious metal being used. Additionally, the cost of the goods varies depending on which nation’s virtual precious metals you want to buy.
For instance, the cost of gold in Switzerland and the United States are different. OneGold, on the other hand, provides some of the most affordable precious metals investing options accessible anywhere in the globe.
Verified Customer Testimonials: What OneGold Users Have To Say
The most important step in deciding whether a precious metals dealer is ideal for you is reading client reviews.
Even though a company may appear to be successful on paper, it is important to carefully examine OneGold review data to evaluate whether it is wise to invest with them. You will gain a better understanding of the company’s operations and customer service as a result.
A nonprofit organization called The Better Business Bureau (BBB) works to build trust between businesses and customers. It assigns businesses a ranking based on consumer comments, ratings, and complaints.
On the Shopper Approved website, the business received more than 7000 ratings from prior and ongoing customers, earning an overall rating of 4.8 stars. Most individuals advise investing in precious metals through OneGold as a great option.
The majority of respondents said they found it simple to buy, sell, and access their funds as well as manage their precious metals. User reviews added that the business provided great customer service to clients who needed help with their investments.
According to the available data, working with OneGold is a smart move and a great way to invest in precious metals and make money from them.
OneGold: Is it a Scam?
If you have never used a trading platform to trade in precious metals, you could be questioning whether the operation is actually a fraud. It can be intimidating to invest in metals online because you cannot see the actual metals.
But based on our investigation, OneGold is a reliable precious metals merchant. The company has the support of two well-known and dependable industry leaders and has a large number of internet-verifiable customer reviews.
The firm has also shown the transparency you’d expect from a reputable dealer by providing comprehensive information about its location, owners, and structure. Additionally, it provides useful information on its website to help you buy and trade precious metals.
OneGold Review: The Essentials
If you’re looking for a company to makes purchasing and selling precious metals straightforward, OneGold is a fantastic option. Those wishing to diversify their investment portfolio with investments in precious metals can choose from a number of outstanding options offered by the business, which is run by two industry leaders.
The vast majority of favorable evaluations show that users appreciated the platform’s and website’s ease of use and the company’s exceptional customer service.
Overall, OneGold’s one-dollar minimum investment requirement, mobile and desktop applications, and accessibility make buying and selling precious metals on the platform both reasonable and open to anyone.
We sincerely hope that this OneGold review was beneficial and helped you make the best choice.
FAQ
Here are some frequently asked questions (FAQ) related to OneGold and its services, along with answers:
What is OneGold?
With the help of the internet portal OneGold, anyone may purchase, sell, and store precious metals including gold, silver, platinum, and palladium. It offers a digital, secure, and convenient way to invest in these metals.
Is OneGold a reputable platform?
OneGold is generally considered one of the many reputable companies in the precious metals industry and is backed by APMEX, one of the largest and most well-established precious metals dealers in the United States. To make sure it matches your unique demands, you must do your homework and read reviews.
How do I buy precious metals on OneGold?
To buy precious metals on OneGold, you typically need to create an account, deposit funds, and then select the metal and quantity you wish to purchase.
The portal provides a number of payment options, including credit/debit cards and bank transfers.
What types of precious metals can I invest in through OneGold?
Precious metals investments are a good choice. Among the precious metals available from OneGold are gold, silver, platinum, and palladium. Depending on your tastes and investing objectives, you can invest in any of these metals.
What are the storage options for my precious metals on OneGold?
OneGold provides both allocated and unallocated storage options. Allocated storage means you have specific metals stored in your name, while unallocated storage means you own a share of a pool of metals. Storage can be at secure facilities.
What are the fees associated with using OneGold?
Fees may vary, so it’s essential to check OneGold’s fee structure on their website. Common fees may include transaction fees, storage fees (for allocated storage), and potential withdrawal fees.
How do I sell my precious metals on OneGold?
You can sell your precious metals on this precious metals company by logging into your account, selecting the metal you want to sell, and specifying the quantity. OneGold will provide you with the current market price, and you can proceed with the sale if you agree.
Is there a minimum investment amount on OneGold?
OneGold may have a minimum investment amount, so check their website for specific details before deciding on precious metal investing. Minimums can vary depending on the metal and the type of investment (e.g., physical or digital).
Is my investment in precious metals with OneGold insured?
It’s important to check with OneGold regarding insurance coverage for your precious metals. Reputable providers often have insurance to protect against loss or theft.
Can I take physical possession of my metals with OneGold?
OneGold primarily offers digital ownership of precious metals, but they may offer the option to take physical delivery for some products. For information on how to achieve this, inquire with them.
You should visit OneGold’s official website or get in touch with their customer care to get the most recent and accurate information about their services and policies because the answers to these questions could change over time. Additionally, before making any investing decisions, think about speaking with a financial counselor.
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About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started this website to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.