In today’s world, shopping online is common, and this convenience extends 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.
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What is OneGold?
OneGold is a special online platform where you can own gold, silver, and platinum easily and safely. It was created by two big companies, APMEX and Sprott, bringing together more than 50 years of experience.
With OneGold, you can manage your investments anytime and get help from live customer support if needed. It’s known for being trustworthy, with many happy customer reviews and a top-notch BBB rating.
OneGold stands out because it keeps your precious metals in secure places with the help of well-known partners like Loomis and the Royal Canadian Mint.
OneGold securely manages more than 3 million ounces of metals, which shows that many people trust and use this service.
Since starting, OneGold has helped 1.5 million customers worldwide, handling over $16.2 billion in valuable metals.
This platform is designed to make investing in metals simple and secure, offering peace of mind and a convenient way to build your investments.
Founded by APMEX and Sprott
OneGold is a significant innovation in the precious metals market, resulting from a partnership between two prominent entities: APMEX and Sprott.
This enterprise combines its extensive knowledge and experience to offer investors an upgraded, secure platform for metal ownership.
APMEX
APMEX, established in 1999 by Scott Thomas, has become an authoritative force in the precious metals industry. It has a global customer base of over 1.5 million and lifetime sales of $16.2 billion.
Renowned for its comprehensive selection and customer service, APMEX has set the bar for retail precious metals distribution.
Sprott
Sprott began in 1981, founded by Eric Sprott, and has since developed into a global leader with 250,000 clients and customer assets amounting to $17.9 billion.
Specializing in wealth management and asset accumulation, Sprott is a trusted name in precious metals investments. It brings financial expertise to OneGold’s collaborative effort.
Together, these industry leaders have created OneGold, which benefits from influential partnerships, including those with Loomis, the Royal Canadian Mint, and the security backing of Lloyd’s of London, offering a premier, efficient, and secure investment experience for their collective clientele.
Team Behind the Company
Let’s discuss the achievements and roles of Kenneth Lewis, the CEO, and Doug Sterk, the CFO, highlighting how they’ve helped the company grow.
Kenneth Lewis: CEO
Kenneth Lewis, the CEO, has worked in leadership roles for over twenty years in various businesses, including some very large companies.
He joined APMEX in 2011 and has played a big part in making the company more successful and ensuring the happiness of customers and employees.
Lewis first worked as the EVP of Operations and then as the Chief Operating Officer before becoming the CEO.
Doug Sterk: CFO
Doug Sterk, the CFO, brings over 20 years of experience handling company money and financial records.
Before coming to APMEX in 2017, he helped prepare a very important financial report for another company, Paycom and helped with their planning and finances.
Now, as CFO at APMEX, Sterk manages the company’s finances, ensures compliance with financial rules, and helps manage risks and projects. He’s recognized by important financial groups, which shows that he’s very good at what he does.
How Does OneGold Work?
OneGold is an easy way to start investing in gold, silver, and platinum. Here’s a simple breakdown of how to get going with OneGold:
- Sign Up: It’s free and fast to make an account on their website.
- Look at Choices: Check out which precious metals you can buy and choose where they will be kept safely.
- Add Money (If You Want): You can put money into your OneGold account before buying or just buy directly when you’re ready.
- Make a Purchase: Buy precious metals anytime you want at the current prices.
- Safe Keeping: Your metals are stored in secure places and insured, so don’t worry; they’re in good hands.
- Get Physical Metals (If You Wish): You can exchange your stored metals for physical ones you can hold, thanks to a partnership with APMEX.
- Sell Anytime: Decide to sell your metals? You can do it 24/7.
- Get Your Money: After selling, you can easily put the money back into your bank or payment method.
Your investments are kept safe throughout your experience. You can see how they’re doing anytime, online or on the app. Selling is easy with OneGold, and buying physical metal is also an option.
Products Offered by OneGold
OneGold offers a wide variety of precious metals tailored for different global markets. Investors worldwide have safe and trusted options for buying precious metals like gold, silver, and platinum.
Key places like the United States, Switzerland, Canada, and the United Kingdom provide top-notch security and storage.
In the US, gold costs $2,552.56 per ounce, silver costs $30.36 per ounce, and platinum costs $993.45 per ounce, with small extra fees added to these prices.
These metals are kept in well-known places like APMEX or Brinks and are checked regularly by major accounting firms.
The prices when you sell these metals are a bit lower, and there are small quarterly storage fees – 0.12% for gold and 0.30% for silver and platinum, with at least $5 charged every three months. Lloyd’s of London, a big insurance company, covers all the metals for any loss or damage.
Switzerland offers secure gold and silver storage in Zurich. Gold is priced at $2,551.65 per ounce, and silver is priced at $30.33 per ounce, with additional small costs per ounce.
Gold and silver are also insured and checked for accuracy. They cost a little bit each year (0.12% for gold and 0.30% for silver) and are charged every three months.
Gold and silver are safely kept in Canada at the Royal Canadian Mint in Ottawa. Gold costs $2,531.30 per ounce, and silver $29.73 per ounce, with additional small fees.
Cheap yearly storage rates (0.12% for gold and 0.30% for silver) and a solid insurance policy make investing here very secure.
The UK has a long history of dealing in gold and silver and offers reliable storage options. Gold sells for $2,551.65 per ounce, and silver for $30.31 per ounce.
Storing your metals costs a little, starting at $5 every three months, and everything is checked and insured for safety.
Each option guarantees that your metals are stored separately and securely, giving peace of mind for your investment.
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Precious Metals IRAs Service Offered by OneGold
Investing in precious metals through an IRA with OneGold is now simple and inexpensive. Below, you will find a step-by-step guide to help you start investing in precious metals through OneGold.
How to Get Started
Here’s what you need to do to start investing in precious metals with OneGold:
- Choose and Fund Your Custodial Account.
- First, pick a custodian from OneGold’s trusted partners:
– New Direction Trust Company
– Strata Trust Company
– RocketDollar
– Preferred Trust
After setting up your account with one of these custodians, move your existing funds into this new account.
- Set Up Your OneGold Account: Creating an account with OneGold is quick. Visit the “Sign Up” page, fill in your basic details, and select “IRA” as the account type.
- Add Money to Your OneGold Account: After your OneGold account is ready, you’ll need to deposit money into it. You can do this by making a bank wire transfer. Once you’ve sent the order to deposit money, let OneGold know, and they will take care of the rest.
If you have any questions about moving your money or starting a new account, contact them directly for help.
The Bullion Card-OneGold: What is It?
The Bullion Card-OneGold is the first credit card that lets you earn precious metals, like gold and silver, when you spend money.
When you get this card, you can start building your investment in gold and silver without extra effort. Use the card for your daily purchases, like groceries or bills, and you’ll get points. These points can be turned into gold or silver and added to your OneGold investment account.
This card is great because you get 4% back in gold and silver when you buy from OneGold and 1% back on everything else. Plus, if you spend $1,500 soon after you get the card, you’ll get 15,000 bonus points, like getting $150 for free.
The card has no yearly fee, and for the first 12 months, you won’t pay any interest on what you buy. Your points also don’t expire as long as your account is open, which means you can keep saving them for as long as you want.
If you have a $5,000 or more credit line, you also get special benefits like travel insurance, help if you lose your luggage, roadside help, and coverage if you rent a car and it gets damaged. These extras make the card a good choice for investing in metals and for everyday use and travel.
What is OneGold’s AutoInvest Program?
OneGold’s AutoInvest program is a simple way to invest in precious metals without thinking about it. When you join, you tell OneGold how much money or how many ounces of metal you want to buy and how often – this could be every day, week, two weeks, month, or three months.
You pick a start date, and then OneGold does the buying for you at those times. Getting started is easy: just go to your OneGold account settings, click on AutoInvest, and choose what you want to buy, how much you want to spend, how you want to pay (with a credit card, PayPal, or bank account), and how often.
AutoInvest Calculator: Use This Before Investing!
Before you use AutoInvest, playing around with the AutoInvest Calculator is a good idea. This tool helps you see how your money will be spent over time. It works with a smart plan called dollar-cost averaging. This means you spend a fixed amount regularly.
If the price of metals decreases, you get more for your money. If prices go up, you get less. This method is great because you don’t have to worry about the best time to buy or sell.
The calculator makes it easier to understand and see if your AutoInvest plan matches your money goals, whether on a computer or using the mobile app.
Get OneGold Mobile App: Is it Safe to Use?
The OneGold Mobile App is a safe way to buy and keep track of gold and silver investments right from your phone.
It has security features that help you manage your money without worry. You can set up automatic investments, ask for physical gold or silver to be sent to you, and check the latest prices anytime. Plus, it sends you news and alerts about the gold market, so you’re always in the know.
Although it’s safe, remember to use a strong password and two-step verification for extra security. This app makes investing in precious metals straightforward and secure.
Physical Redemption: How it Works
Getting physical precious metals from your investment is simple with APMEX and OneGold. They keep your metals safe and let you own a part of big bars stored where you like.
Here’s what you should do: change your stored metals, like gold or silver, into physical items that are sent to you. You sell your share at today’s prices; they take a fee of 0.30%, and you use the money to get your metals.
If you’re in the US, they’ll send your metals for free and quickly, usually in one day. You may need to pay for shipping if you live in another country.
Before you start, make sure any money you used from cards or online payments has been in your OneGold account for 60 days.
Double-check that your account information is correct before you ask for your metals. If something goes wrong and you can’t get your metals, they’ll refund the money in your account.
Switch & Save: How it Works
Switch to OneGold to buy gold and silver, and you might save money. They are so sure you’ll find value in switching that they offer up to $1,000 back on your first purchase.
Here is what you need to do:
Start by signing up with OneGold. Lots of people save a good amount—about $100 a year on a $1,000 investment. They offer great options like easy investing, good prices, and quick delivery.
They have much lower fees for looking after your gold and silver, which means you save money every year:
- OneGold’s storage fees are cheaper, saving you money compared to what others charge.
Then, let them know you want to switch. You can email them at support@onegold.com or call them at 1-800-492-9144, giving them details about your current gold or silver account and how much you want to move over. Make sure the name on your OneGold account matches your other account.
Now, move your investment from the other company to your bank. While you wait, you can buy gold or silver from OneGold to lock in current prices.
Next, show them your last bill from your previous company. They will give you extra money in your account based on 0.50% of what you first buy, up to $1,000.
After they check your details, they’ll quickly add the bonus to your OneGold account. With the lower fees for storing your metals, your savings can grow, especially if you’re investing a lot.
OneGold Alternatives
Let’s look at how OneGold compares to two others: Goldmoney and BullionVault. I’ll show why OneGold might be the better pick for managing your precious metals investments.
OneGold vs. Goldmoney
OneGold and Goldmoney are both places where you can invest in metals. But OneGold has some cool things that make it stand out. It’s easy to work with, has no hidden fees, and charges less for transactions and keeping your metals safe.
- Special Offer: If you switch from Goldmoney to OneGold, you could get up to $1,000 when you first buy something.
- Costs and Fees: OneGold is more upfront about how much things cost, which can save you money. For example, storing your metals only costs $20 a year with OneGold, while Goldmoney charges $120.
- Using Your Phone: OneGold’s mobile app lets you check prices and buy or sell metals quickly, which is super handy.
- Getting Physical Metals: If you want to hold your metal in your hands, OneGold makes it easy. Unlike Goldmoney, where you have to call or email and wait, OneGold lets you pick what you want online, and APMEX sends it to you fast.
OneGold vs. BullionVault
Let’s also look at how OneGold stacks up against BullionVault. The basics are the same, but OneGold tries to make everything easier and cheaper.
- Quick Setup: With OneGold, you can start owning metal in just 5 minutes, way faster than the two hours it might take with BullionVault. OneGold also takes lots of different payments, even Bitcoin!
- Saving on Storage: OneGold charges only $20 a year to keep your metals safe, which is less than BullionVault, especially for silver and platinum.
- Physical Metals: They make it simple to get your metal if you want it. BullionVault does let you get physical bars, but it’s more complicated and more expensive.
- Clear Pricing: OneGold makes sure you know what you’re paying and getting. With BullionVault, it can be tricky to know if you’re getting a good deal or not.
OneGold tries to make buying and keeping precious metals simple, clear, and cheap. They even have special deals for people coming from Goldmoney or BullionVault.
With its easy app, low costs, and quick online shopping for physical metals, OneGold is a strong choice for precious metals investors.
Customer Reviews and Ratings for OneGold
OneGold has received a variety of customer reviews and ratings across several platforms.
- The Better Business Bureau (BBB) gives OneGold an ‘A’ rating and shows a score of 3.89 out of 5 from 9 people’s reviews. This means that quite a few people think it’s a trustworthy place to put their money.
- On Trustpilot, 28 people have given OneGold a slightly better score of 4.1 out of 5, showing more people are happy with it.
- Even more impressive, on Shopper Approved, a huge number of 9,915 people rated OneGold even higher at 4.8 out of 5. This suggests that most people are really satisfied with their experience.
- Lastly, on Google My Business Page, 174 people have left reviews, giving OneGold a score of 4.6 out of 5. This shows that on different websites, a lot of customers have good things to say about investing with OneGold.
Happy users like OneGold for being simple and reliable, making gold investing easy for beginners. Customers enjoy being able to swap online gold for real gold and find the customer service quick and helpful.
But, one person had problems with money transfers. Others think the prices and cost of getting physical gold are fair, and like the website’s ease of use for first-time investors in metals.
Pros and Cons of OneGold
It’s helpful to know what’s good and what might be tricky about using OneGold for your investments. This quick look into OneGold’s ups and downs will guide both newbies and those who have been around the block to make choices that fit their investment plans.
Pros:
- Protected Investments: OneGold keeps your investments safe by using insurance from Lloyd’s of London, which is reassuring for those putting in their money.
- User-Friendly Mobile App: The OneGold app makes it simple to buy and sell precious metals from your phone, making it handy for people on the move.
- Trusted Company: OneGold is supported by AMPEX, a big and trustworthy name in the metals market, giving it a solid support system.
- Helpful for Beginners: The platform offers a lot of helpful tips for people just starting out, which is great for learning.
- Always Open: You can make trades any time of the day, every day, which means you never have to wait.
Cons:
- Can be Complex: If you’re new to buying gold and silver online, it might take some time to understand how it works.
- Retirement Account Rules: If you’re using OneGold for retirement savings, they make you work with another company to manage your account, which might not be what everyone wants.
Putting your money into OneGold has its perks, like being easy and affordable, and it’s backed by big, trusted names.
But there are also things to watch out for, like getting used to how it works, dealing with retirement account rules, facing ups and downs in metal prices, and getting the help you need when you have a problem.
Knowing all of this will help you have a better experience with investing in gold and silver through OneGold.
Frequently Asked Questions
Q1. Is OneGold a legitimate company?
OneGold is a legitimate company offering digital precious metals investment, founded by APMEX and Sprott Inc.
Q2. Is OneGold insured?
Yes, OneGold investments are fully insured by Lloyd’s of London against physical loss.
Q3. What is the minimum investment for OneGold?
The minimum investment for OneGold typically starts at approximately $100 and varies by metal type.
Q4. How do I withdraw money from OneGold?
To get money from OneGold, connect your bank by sharing your banking login info. Enter the amount you want to withdraw and send the request. It usually takes one day to process. You will receive an email when your money transfer is complete.
Conclusion
In summary, OneGold provides a simple and safe way to invest in precious metals. Its use of modern technology makes it easy for both beginners and experienced investors.
OneGold stands out because you can quickly convert investments to cash and choose from different metals. It’s a strong choice for spreading out your investments and guarding against rising prices.
Goldco Precious Metals
- Goldco Surpasses $2 Billion in Precious Metals Placements
- Over 5,000 Five-Star Ratings on BBB, Trustpilot, and ConsumerAffairs
- Seven-Time Winer on the Inc. 5000 List