By: Jeremy Biberdorf
December 24, 2023
In this OneGold review, I will get into the details of a company that has established itself in the precious metals industry for over two decades. OneGold has earned an excellent reputation for providing a variety of investment options in gold, silver, platinum, and palladium. This review aims to explore OneGold’s offerings and compare its services with other industry players, giving you insights into getting the best price on OneGold.
OneGold stands out as an online platform offering a simplified approach to owning precious metals. While they do sell physical metals directly, their most notable service is enabling investors to participate in precious metal investing without the need to physically handle these assets. This is particularly appealing for those who prefer the ease and security of digital assets.
The platform’s digital assets are backed by real, physical metals securely stored in vaults. This arrangement offers investors the assurance that their investments in tangible metals are safe and well-protected. OneGold’s straightforward pricing model, multiple storage options, and the positive feedback it has received from customers make it an attractive choice for potential investors.
As we explore OneGold’s real-life application, it’s clear that the company not only promises but also delivers an accessible and secure route for investing in precious metals. Whether you’re new to this type of investment or looking to diversify your portfolio, OneGold presents a compelling option, especially for those interested in the digital aspect of precious metal ownership.
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Getting the Best Price on One Gold
Unfortunately, since OneGold sells physical products, they do not offer discount or coupon codes. If you are interested in getting the best price on OneGold, it is important to understand all of the costs involved so that you can choose the right option for you.
OneGold offers a variety of services, blending free and paid options to cater to different investor needs. Creating an account on OneGold is free, allowing users immediate and continuous access to view and trade in metals. The availability of metals depends on the user’s location, with gold, silver, and platinum accessible to U.S. users, and only gold and silver available to non-U.S. users.
For paid services, OneGold requires a $100 minimum deposit for account funding, though it supports fractional purchases, allowing flexibility in investment amounts. Purchasing digital assets in gold, silver, or platinum involves paying the current price of these metals along with storage fees. Payment methods are diverse, including options like check, credit card, bank account, or Bitcoin.
When it comes to redeeming digital assets, fractional owners won’t receive the physical assets but rather the equivalent value of the current spot price minus 30%, shipped in the appropriate metal type via APMEX. Domestic shipping is complimentary, while international shipping incurs additional fees.
The fee structure of OneGold includes:
Storage Fees:
- Gold: 0.12% with a $5 quarterly minimum and an annual minimum of $20.
- Silver and Platinum: 0.30% with a $5 quarterly minimum and an annual minimum of $20.
Transaction Costs (Roundtrip):
- Gold: 1.6%
- Silver: 3.3%
- Platinum: 5.3%
Withdrawal Fees: There’s a $25 charge for bank wires, while other withdrawal methods are free.
Understanding these fees is essential for anyone looking to invest in precious metals through OneGold, ensuring investors can make informed decisions and get the best possible pricing.
Benefits of One Gold
Now that you know all about getting the best price on OneGold, I will cover the benefits of choosing them as your precious metals dealer. Here are the main advantages I came across:
- AutoInvest: This feature allows you to set up automatic, recurring buy orders for your chosen metal. You can base these orders on a specific amount of dollars or ounces, simplifying the investment process and helping to build your portfolio over time.
- The Bullion Card: OneGold introduces the industry’s first precious metals rewards credit card. With this card, you can accumulate points from everyday purchases and invest them into gold, silver, or platinum, seamlessly integrating investment with daily spending.
- Switch and Save: If you switch to OneGold, the company offers an incentive by reimbursing up to $1,000 on your first purchase. This offer is particularly attractive for those looking to transfer from other platforms.
- Insured Investments: Investments with OneGold are insured by Lloyd’s of London, offering a high level of security and peace of mind. This insurance coverage is a significant advantage, particularly for those who prioritize the safety of their investments.
- Mobile Accessibility: OneGold’s mobile app allows for easy and convenient trading on-the-go. This accessibility means that you can manage your investments anytime and anywhere, a crucial feature in today’s fast-paced world.
- Solid Reputation: The platform is backed by AMPEX, a leader in the precious metals industry. This backing gives OneGold a strong foundation and benefits from industry expertise, enhancing the trust and reliability of the platform.
Drawbacks of One Gold
A well balanced perspective must be formed with the limitations in mind as well as the benefits. Here are the main limitations I found with OneGold:
- Higher Minimum Investment Requirement: A minimum deposit of $100 is needed to fund an account, higher than some competitors, potentially excluding investors with limited funds.
- Learning Curve for New Users: Newcomers to digital assets or precious metals may face challenges in understanding how OneGold’s digital representation of physical metals operates.
- IRA Investment Limitations: IRAs are supported but require third-party management, which might not suit all investors.
Final Thoughts
OneGold stands out for its innovative features like AutoInvest and The Bullion Card, providing unique ways to invest in precious metals. The platform’s user-friendly interface and the backing of industry leader AMPEX add to its credibility and reliability.
OneGold’s approach to digital representation of physical metals, coupled with the assurance of insured investments, makes it an attractive option for both seasoned and novice investors.
For those interested in diversifying their investment portfolio with precious metals and getting the best price on One Gold, exploring OneGold’s offerings could be a wise step. The platform’s blend of innovative features and traditional investment security offers a unique opportunity in the world of precious metals investment.
Ready to explore the possibilities with OneGold? Click Here to learn more and start your journey towards savvy precious metal investing.
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