OneGold vs Goldmoney 2024: What is the difference?

Factor 1: Investment Philosophy and Features

OneGold

OneGold, a joint venture between precious metals industry leaders APMEX and Sprott, focuses on making gold and silver investments more accessible through its digital platform. If you’re not looking to store your own Gold or Silver,  OneGold is the solution you’re looking for.

OneGold is designed to simplify the investment process for both novice and experienced investors by offering a user-friendly interface and intuitive tools.

One of OneGold’s standout features is its AutoInvest option, which allows users to automatically invest a predetermined amount in gold, silver, or platinum on a recurring schedule. This feature encourages a disciplined, long-term investment approach and enables investors to dollar-cost average their precious metal purchases.

The platform also allows users to track the value of their digital metal holdings in real-time and offers multiple redemption options, including converting digital assets into physical gold and silver coins or bars, or cashing out to a linked bank account.

Goldmoney

Goldmoney is a global leader in precious metal custody and offers a comprehensive suite of services designed to empower individuals, businesses, and institutions to manage their wealth through gold-backed assets.

At the core of Goldmoney’s offering is the Goldmoney Holding, a secure and regulated account that allows users to buy, sell, and store physical gold, silver, platinum, and palladium.

Goldmoney provides several value-added features, including the ability to load a portion of your precious metal holdings onto a gold-backed debit card, which can be used for everyday transactions and cash withdrawals.

Additionally, Goldmoney offers a wide range of redemption options, including converting digital assets into physical gold, silver, platinum, and palladium coins or bars, or cashing out to a linked bank account or via a wire transfer.

Factor 2: Security and Storage

OneGold

OneGold’s security and storage features are built on its partnership with the Royal Canadian Mint and Loomis International, both of which are trusted names in the precious metals industry.

OneGold utilizes VaultChain technology, which is based on blockchain, to track and manage digital metal holdings securely and transparently. Each digital asset represents a direct ownership interest in a specific quantity of physical gold, silver, or platinum held in the Royal Canadian Mint or Loomis vaults.

OneGold offers allocated and segregated storage options, ensuring that customers’ precious metals are securely stored separately from other assets. The company also provides detailed transaction records, allowing investors to verify their holdings and transactions at any time. OneGold’s platform is built with multiple layers of encryption and security protocols, ensuring that users’ personal information and digital assets are well protected.

OneGold has lower storage fees than Goldmoney, particularly for gold storage which is more than half the cost.

Goldmoney

Goldmoney’s security and storage infrastructure is designed to provide users with peace of mind, knowing that their precious metal holdings are safely stored and protected. The company employs military-grade security measures, including multi-factor authentication, encrypted communication, and secure socket layer (SSL) technology to safeguard users’ data and transactions.

Goldmoney partners with Brink’s and other accredited vaults across the globe to securely store users’ physical precious metals. These vaults are strategically located in politically stable jurisdictions to minimize risk. Goldmoney provides fully allocated, segregated, and insured storage options, meaning that customers’ precious metals are held separately from other assets and are insured against theft or loss.

Factor 3: Fees and Pricing

OneGold

OneGold takes pride in offering competitive pricing for its digital precious metal products. They strive to keep their fees as low as possible, ensuring that investors can access gold and silver investments without having to worry about excessive costs.

OneGold shines in fee and pricing comparison to Goldmoney for the majority of the population who fall outside of the high-net worth status that Goldmoney caters to.

For platinum storage, OneGold employs a transparent fee structure, charging a monthly storage fee based on the value of the platinum holdings. OneGold’s platform also displays live spot prices for gold, silver, and platinum, allowing investors to make informed decisions about their investments.

Goldmoney

Goldmoney’s storage fees vary by metal, with gold typically having the lowest fees and platinum and palladium having higher fees. The fee structure is designed to cover the costs of fully allocated, segregated, and insured storage in their accredited vaults.

To cater to high-net-worth investors, Goldmoney offers volume-based discounts for large investments. The company’s platform also provides live spot prices for gold, silver, platinum, and palladium, ensuring that users can make informed decisions about their investments.

Final Thoughts – OneGold vs Goldmoney

After comparing OneGold and Goldmoney across three essential factors – investment philosophy and features, security and storage, and fees and pricing – it becomes evident that both platforms have their unique strengths. However, in our analysis, OneGold emerges as the winner for several reasons.

OneGold’s platform is designed to simplify the investment process and make gold and silver investments more accessible to a wider range of investors. Their user-friendly interface and intuitive tools, such as the AutoInvest feature, cater to both novice and experienced investors who appreciate a streamlined approach to precious metal investing.

OneGold’s partnership with the Royal Canadian Mint and Loomis International ensures secure and reliable storage for users’ gold and silver holdings. Additionally, the platform’s storage fees are lower across the board, and more than half the price for Gold storage.

OneGold’s commitment to simplifying the investment process, offering an intuitive platform, and providing low storage fees for gold and silver holdings make it the winner in our comparison.

Click here to learn more about OneGold today.

Learn More About OneGold