In today’s world, online shopping is prevalent, and this convenience also applies to buying and selling gold and silver.
Enter OneGold, a modern platform launched in 2018 by APMEX and Sprott, is designed to make investing in precious metals simple and secure.
OneGold offers a diverse selection, including American, Canadian, British, and Swiss gold and silver, plus platinum, all available through its easy-to-use website and mobile app.
With many platforms available, what makes OneGold stand out? Is it a reliable choice compared to traditional metal dealers?
This OneGold review dives into what OneGold offers, its credibility, and how it changes how people invest in metals.
Key Takeaways
- OneGold operates as a digital platform enabling investors to trade precious metals with ease and security.
- The platform emerged from a partnership between APMEX and Sprott in 2018, bringing together expertise in precious metals trading.
- Your investments are safely stored in two prestigious facilities: the Royal Canadian Mint and Loomis International.
- The platform offers convenient features like the AutoInvest program and a specialized Bullion Card for seamless transactions.
- OneGold maintains credibility through insurance coverage from Lloyd’s of London.
- Customer satisfaction remains high, particularly evident through positive feedback on Shopper Approved platform.
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Table of Contents
- 1 What is OneGold?
- 2 How Does OneGold Work?
- 3 Products Offered by OneGold
- 4 Precious Metals IRAs Service Offered by OneGold
- 5 The Bullion Card-OneGold: What is It?
- 6 What is OneGold’s AutoInvest Program?
- 7 Get OneGold Mobile App: Is it Safe to Use?
- 8 Physical Redemption: How it Works
- 9 Switch & Save: How it Works
- 10 OneGold Alternatives
- 11 Customer Reviews and Ratings for OneGold
- 12 Pros and Cons of OneGold
- 13 Frequently Asked Questions
- 14 Conclusion
What is OneGold?
OneGold operates as a digital platform enabling you to own precious metals like gold, silver, and platinum through a secure online system.
This platform emerged from the collaboration between APMEX and Sprott, combining over five decades of industry expertise.
You can access your investments around the clock while receiving support from dedicated customer service representatives.
The platform maintains high trust levels, evidenced by positive customer feedback and an excellent BBB rating.
The platform distinguishes itself through partnerships with respected institutions like Loomis and the Royal Canadian Mint for secure storage solutions.
Managing over 3 million ounces of precious metals demonstrates the platform’s reliability and widespread adoption.
OneGold serves 1.5 million customers globally, handling transactions worth $16.2 billion in precious metals.
You’ll find this platform offers a streamlined approach to metal investing, providing security and convenience for your investment journey.
Founded by APMEX and Sprott
OneGold represents a breakthrough in precious metals investment, created through the partnership of industry leaders APMEX and Sprott.
This collaboration leverages combined expertise to provide you with an enhanced, secure platform for precious metal ownership.
APMEX
APMEX, established by Scott Thomas in 1999, has evolved into a leading force in precious metals trading. The company serves over 1.5 million customers worldwide, with lifetime sales reaching $16.2 billion.
Known for exceptional product selection and customer service, APMEX sets industry standards in retail precious metals distribution.
Sprott
Founded by Eric Sprott in 1981, this company has grown into a global investment leader, serving 250,000 clients with assets totaling $17.9 billion.
Sprott excels in wealth management and asset building, bringing valuable financial expertise to OneGold’s operations.
The platform benefits from strategic partnerships with Loomis, Royal Canadian Mint, and Lloyd’s of London insurance, ensuring premium security for your investments.
Team Behind the Company
Let’s explore the accomplishments and responsibilities of Kenneth Lewis, CEO, and Doug Sterk, CFO, showing their contributions to company growth.
Kenneth Lewis: CEO
Kenneth Lewis brings over two decades of leadership experience across various enterprises, including major corporations.
Since joining APMEX in 2011, he has driven significant company growth while maintaining high employee and customer satisfaction levels.
His journey included roles as EVP of Operations and Chief Operating Officer before assuming CEO responsibilities.
Doug Sterk: CFO
Doug Sterk contributes over 20 years of financial management expertise to his role. Before joining APMEX in 2017, he played a crucial role in financial reporting at Paycom, handling planning and financial operations.
As APMEX’s CFO, Sterk oversees financial operations, regulatory compliance, and risk management. His recognition by key financial institutions validates his professional excellence.
How Does OneGold Work?
OneGold provides a straightforward platform for investing in precious metals like gold, silver, and platinum.
Here’s a comprehensive guide to begin your investment journey with OneGold:
- Sign Up: Creating an account on the OneGold platform is quick and free, requiring basic information.
- Look at Choices: Browse through available precious metals options and select your preferred storage locations for safekeeping.
- Add Money (If You Want): Fund your OneGold account beforehand or proceed directly with purchases when ready.
- Make a Purchase: Execute precious metal transactions at market prices whenever suitable.
- Safe Keeping: Your investments remain secure in insured storage facilities, ensuring complete protection.
- Get Physical Metals (If You Wish): Through the APMEX partnership, convert your digital holdings into physical precious metals.
- Sell Anytime: Liquidate your metal holdings round-the-clock according to your convenience.
- Get Your Money: After selling, transfer funds seamlessly back to your preferred payment method or bank account.
OneGold maintains robust security measures throughout your investment journey. Monitor your portfolio performance through their website or mobile application.
The platform offers flexibility in selling precious metals and provides options for physical delivery, making it a comprehensive solution for precious metal investments.
Products Offered by OneGold
OneGold provides comprehensive precious metal investment options across major global markets. You can securely invest in gold, silver, and platinum through their trusted platform, with storage facilities located in strategic international locations.
The company maintains secure storage facilities across four major regions: the United States, Switzerland, Canada, and the United Kingdom, each offering specialized services.
For U.S. investors, gold is available at $2,552.56 per ounce, silver at $30.36 per ounce, and platinum at $993.45 per ounce, plus nominal premiums.
Your metals are stored securely at APMEX or Brinks facilities, with regular audits conducted by leading accounting firms.
Selling prices are slightly below market rates, with quarterly storage fees structured at 0.12% for gold and 0.30% for silver and platinum, with a minimum quarterly charge of $5. Lloyd’s of London provides comprehensive insurance coverage against loss or damage.
Swiss storage options in Zurich offer gold at $2,551.65 per ounce and silver at $30.33 per ounce, plus minimal premiums.
Storage costs mirror U.S. rates at 0.12% for gold and 0.30% for silver, billed quarterly. Regular audits and insurance coverage ensure your investment’s security.
Canadian storage through Ottawa’s Royal Canadian Mint prices gold at $2,531.30 per ounce and silver at $29.73 per ounce, plus modest premiums.
Competitive annual storage rates (0.12% gold, 0.30% silver) combined with robust insurance protection make this a secure investment choice.
British facilities leverage the UK’s rich precious metals heritage, offering gold at $2,551.65 per ounce and silver at $30.31 per ounce.
Storage fees start at $5 quarterly, with regular audits and comprehensive insurance coverage protecting your investment.
Each storage option guarantees segregated storage of your metals, ensuring complete security and peace of mind for your investment portfolio.
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Precious Metals IRAs Service Offered by OneGold
Precious metals IRAs through OneGold offer a streamlined and cost-effective investment approach.
A precious metals IRA with OneGold can give high-quality investment options, and you can do various tasks like selecting metals, managing accounts, and making beautiful investment portfolios of your preferred precious metals.
These services make your investment journey very easy by giving you possibilities that help to complete your financial goals.
How to Get Started
You can begin your precious metals investment journey with OneGold through these steps:
- Choose and Fund Your Custodial Account.
- Select a custodian from OneGold’s trusted partners:
+ New Direction Trust Company.
+ Strata Trust Company.
+ RocketDollar.
+ Preferred Trust.
After selecting your custodian, transfer your existing funds to establish your new account.
- Set Up Your Account: The account creation process with OneGold is straightforward. Navigate to the “Sign Up” page, enter your basic information, and choose “IRA” as your account type.
- Add Money to Your Account: Once your OneGold account is established, fund it through a bank wire transfer. After initiating the deposit order, notify OneGold, and they will handle the remaining process.
For assistance with fund transfers or account setup, reach out to their support team directly. These investment options convey many possibilities such as precious metals selection and also natural elements like portfolio management which symbolize good investment strategy.
The Bullion Card-OneGold: What is It?
The Bullion Card-OneGold stands as a pioneering credit card offering rewards in precious metals, specifically gold and silver, based on your spending habits.
This innovative card enables you to build precious metal investments through regular purchases. Simply use the card for everyday expenses like groceries and utility bills, and earn points that convert directly into gold or silver holdings within your OneGold investment account.
The reward structure offers compelling benefits, featuring 4% back in precious metals for OneGold purchases and 1% back on all other transactions.
New cardholders can earn 15,000 bonus points, equivalent to $150, by spending $1,500 within the initial period.
The card comes with zero annual fees and provides a 12-month interest-free period on purchases. Your earned points remain valid indefinitely as long as you maintain an active account, allowing for long-term accumulation strategies.
Credit lines of $5,000 or more unlock premium benefits including travel insurance coverage, lost luggage protection, roadside assistance, and rental car collision coverage. These features enhance the card’s value proposition beyond metal investments.
What is OneGold’s AutoInvest Program?
The AutoInvest program from OneGold offers automated precious metal investing. You specify your preferred investment amount or metal quantity and select your frequency – daily, weekly, bi-weekly, monthly, or quarterly intervals.
Setting up requires minimal effort – access your OneGold account settings, navigate to AutoInvest, select your metal preference, investment amount, payment method (credit card, PayPal, or bank transfer), and desired frequency. Once established, the system handles all transactions automatically.
AutoInvest Calculator: Use This Before Investing!
The AutoInvest Calculator serves as an essential planning tool before committing to regular investments. This utility helps visualize your investment trajectory and implements dollar-cost averaging strategies effectively.
This investment approach maintains consistent investment amounts regardless of market conditions. During price decreases, your fixed investment acquires more metal, while price increases result in smaller quantity purchases. This strategy eliminates timing concerns from your investment decisions.
The calculator provides clear insights into your investment plan’s potential outcomes, helping align your AutoInvest strategy with financial objectives.
Whether accessing through desktop or mobile platforms, you can easily adjust and monitor your investment parameters.
The combination of the Bullion Card-OneGold and AutoInvest program creates a comprehensive precious metals investment ecosystem.
The card’s reward structure encourages regular metal accumulation through everyday spending, while AutoInvest facilitates systematic investment planning.
Together, these tools provide accessible entry points into precious metals investing, supported by user-friendly calculators and flexible payment options.
This integrated approach simplifies precious metal investing while offering valuable additional benefits for cardholders who maintain higher credit lines.
Get OneGold Mobile App: Is it Safe to Use?
The OneGold Mobile App provides secure management of gold and silver investments through your smartphone. This platform offers robust security measures for worry-free money management.
Users can establish automated investments, request physical precious metal deliveries, and monitor real-time pricing. The app delivers market updates and alerts, keeping investors informed about gold market developments.
While the app maintains high-security standards, users should implement strong passwords and activate two-factor authentication for enhanced protection. This platform simplifies precious metal investing while maintaining security protocols.
Physical Redemption: How it Works
APMEX and OneGold offer straightforward physical precious metal redemption services. They securely store your metals and allow partial ownership of larger bars at your preferred storage location.
The redemption process involves converting your stored metals into physical items for delivery. You’ll sell your portion at market rates, pay a 0.30% fee, and use the proceeds for metal acquisition.
U.S. residents receive complimentary next-day shipping. International shipping fees may apply for overseas deliveries.
Remember that funds from card or electronic payments must remain in your OneGold account for 60 days before redemption.
Verify account details thoroughly before submitting redemption requests. Should metal delivery become impossible, funds return to your account balance.
Switch & Save: How it Works
OneGold welcomes new investors with potential savings and offers up to $1,000 cashback on initial purchases.
Follow these steps:
Begin by creating your OneGold account. Many investors achieve approximately $100 yearly savings on $1,000 investments. The platform features streamlined investing options, competitive pricing, and efficient delivery services.
Their reduced precious metal storage fees generate annual savings:
- OneGold storage rates offer significant cost advantages compared to competitors.
Contact them to initiate your transfer via support@onegold.com or 1-800-492-9144. Provide existing precious metal account information and transfer amount details. Ensure name consistency between OneGold and the previous account.
Transfer investments from your current provider to your bank. Meanwhile, secure current metal prices through OneGold purchases.
Submit your previous provider’s latest statement. They calculate your bonus at 0.50% of initial purchases, maxing at $1,000.
Following verification, your bonus promptly appears in your OneGold account. Reduced storage fees particularly benefit larger investment portfolios, maximizing long-term savings potential.
OneGold Alternatives
A comparison between OneGold and its competitors, Goldmoney and BullionVault, reveals why OneGold stands as a superior choice for precious metals investment management.
OneGold vs. Goldmoney
Both OneGold and Goldmoney provide precious metals investment platforms, yet OneGold offers distinctive advantages.
The platform features user-friendly operations, transparent fee structures, and reduced costs for transactions and storage services.
- Special Offer: New customers transferring from Goldmoney to OneGold qualify for bonuses up to $1,000 on initial purchases.
- Costs and Fees: OneGold maintains transparency with competitive pricing structures. Storage fees amount to $20 annually, significantly lower than Goldmoney’s $120 fee.
- Mobile Platform: OneGold’s mobile application enables real-time price monitoring and swift execution of trades.
- Physical Delivery: OneGold streamlines physical metal acquisition through online ordering and APMEX fulfillment, contrasting with Goldmoney’s manual phone or email process.
OneGold vs. BullionVault
Comparing OneGold with BullionVault demonstrates OneGold’s focus on accessibility and cost-effectiveness while maintaining essential services.
- Account Creation: OneGold provides five-minute account setup processes, considerably faster than BullionVault’s two-hour requirement. The platform accepts various payment methods, including cryptocurrency.
- Storage Costs: Annual storage fees remain competitive at $20, offering substantial savings compared to BullionVault’s rates, particularly for silver and platinum holdings.
- Metal Delivery: OneGold simplifies physical metal acquisition processes, whereas BullionVault’s delivery system involves complex procedures and higher expenses.
- Price Transparency: OneGold emphasizes clear pricing structures, eliminating the ambiguity often found in BullionVault’s pricing model.
OneGold prioritizes the simplification of precious metals investment processes while maintaining transparency and cost-effectiveness. Special incentives attract customers from competing platforms like Goldmoney and BullionVault.
The combination of mobile accessibility, reduced costs, and efficient physical delivery systems positions OneGold as a leading choice for precious metals investors.
Customer Reviews and Ratings for OneGold
OneGold has garnered diverse feedback and ratings across multiple review platforms, offering valuable insights into their services.
- The Better Business Bureau (BBB) awards OneGold an ‘A’ rating, with customers giving it 3.9 out of 5 based on 10 reviews, indicating strong business trustworthiness and reliability.
- Trustpilot showcases a positive trend with 50 reviewers rating OneGold at 4.2 out of 5, demonstrating consistent customer satisfaction.
- Shopper Approved presents the most extensive feedback pool, featuring 10,226 reviews with an impressive 4.8 out of 5 rating, highlighting widespread customer approval.
- Google My Business page reflects similar satisfaction levels, with 183 reviewers giving OneGold 4.6 out of 5, reinforcing positive experiences across platforms.
Satisfied customers frequently praise OneGold’s user-friendly approach and dependable service, making precious metal investing accessible to newcomers.
Users particularly value the seamless conversion between digital and physical gold, along with responsive customer support.
However, some feedback mentions challenges with fund transfers. Many reviewers appreciate the competitive pricing structure and reasonable fees for physical gold conversion.
The platform receives consistent praise for its intuitive interface, making it particularly appealing to those new to precious metal investments.
The collective feedback across these platforms suggests that OneGold maintains high service standards and meets customer expectations effectively.
While occasional concerns arise, the overwhelming majority of reviews indicate positive experiences with the platform’s core services and features.
Pros and Cons of OneGold
Understanding the advantages and limitations of OneGold helps you make informed investment decisions. This comprehensive overview examines OneGold’s strengths and challenges, enabling both novice and experienced investors to align their investment strategies effectively.
Pros:
- Protected Investments: Your investments receive comprehensive protection through Lloyd’s of London insurance coverage, offering peace of mind for your financial assets.
- User-Friendly Mobile App: Trading precious metals becomes seamless through OneGold’s mobile application, allowing you to manage investments wherever you are.
- Trusted Company: AMPEX’s backing provides OneGold with strong industry credibility, establishing a reliable foundation for your investment activities.
- Helpful for Beginners: Educational resources and guidance materials make the platform accessible for newcomers entering precious metals investment.
- Always Open: Round-the-clock trading capabilities ensure you never miss investment opportunities, regardless of time zones.
Cons:
- Can be Complex: The learning curve might feel steep when you first navigate digital precious metals trading platforms.
- Retirement Account Rules: Managing retirement investments requires coordination with third-party custodians, adding an extra layer to account administration.
Choosing OneGold as your investment platform offers significant advantages, particularly its accessibility and cost-effectiveness, supported by established industry leaders.
However, you should consider several factors before proceeding: adapting to platform operations, understanding retirement account requirements, managing market volatility, and accessing customer support when needed.
This balanced understanding of OneGold’s features and limitations helps you approach precious metals investment with realistic expectations and proper preparation.
Frequently Asked Questions
Q1. Is OneGold a legitimate company?
OneGold operates as a trusted digital precious metals investment platform, established through a partnership between APMEX and Sprott Inc.
Q2. Is OneGold insured?
OneGold secures all investments with comprehensive insurance coverage through Lloyd’s of London, protecting against physical loss.
Q3. What is the minimum investment for OneGold?
You can start investing with OneGold at around $100, though this amount may change depending on your chosen metal.
Q4. How do I withdraw money from OneGold?
You can withdraw funds by linking your bank account through secure login credentials. Simply specify your withdrawal amount and submit your request.
The processing typically completes within one business day, and you’ll receive confirmation via email once the transfer is finalized.
Conclusion
OneGold delivers an accessible and secure platform for precious metals investment, utilizing advanced technology that serves both novice and seasoned investors effectively.
The platform distinguishes itself through quick liquidity options and diverse metal selections. For investors seeking portfolio diversification and inflation protection, OneGold presents a compelling investment solution.
Goldco Precious Metals
- Goldco Surpasses $2 Billion in Precious Metals Placements
- Over 6,000 Five-Star Ratings on BBB, Trustpilot, and ConsumerAffairs
- Seven-Time Winer on the Inc. 5000 List