OneGold is a digital platform for investing in gold and silver. Established in 2018 by AMPEX, an industry leader in precious metals, OneGold aims to make buying and selling bullion accessible for everyone.
While OneGold may offer fewer product options than some competitors, they focus on the most popular precious metals – gold and silver. What sets OneGold apart is its low, competitive pricing. By using digital representations of physical metals, OneGold cuts down on overhead costs and passes those savings to customers.
While OneGold may have some limitations, its simple, low-cost platform appeals to new and casual investors looking to buy gold and silver without the hassle. If you want to dip your toe into the precious metals market without committing to physical delivery or storage, OneGold could be a great place to start.
Why not sign up for a free account and see the deals you can find? You’ve got nothing to lose and some major savings to gain!
Learn More About OneGold
OneGold aims to make investing in precious metals simple and accessible. Their service offers an easy way to buy, sell and redeem gold, silver, platinum and palladium.
Simplicity and Ease of Use
Simplicity starts with the first impression, and OneGold has made a lot of effort to ensure your first impression is positive. The platform is incredibly easy to access, available via a web browser and through a dedicated mobile app (offered for both iOS and Android devices). Opening an account takes just a few minutes.
Digital and Physical Metal Options
OneGold’s primary feature is the buying and selling digital assets, which represent physical metals stored by the company. Should they decide that they’d prefer to have physical metals instead, OneGold allows its customers to redeem their assets via APMEX. Investors redeeming their investments will receive the equivalent of their digital precious metals’ current spot price minus 0.30%.
Competitive Pricing and Fees
OneGold aims to offer competitive pricing for investors. They charge no account fees, inactivity fees or minimum balance fees. They charge a commission of just 0.30% of the total transaction amount for buy and sell transactions. Storage fees for physical metal redemptions are also very reasonable at just 0.015% per month (0.18% annually) of the metal value.
OneGold has some attractive benefits worth considering.
- Insured via Lloyd’s of London: OneGold stores your gold in secure vaults insured by Lloyd’s of London, one of the world’s oldest insurance markets. This provides an added layer of protection for your investment.
- Accessible via mobile app: The OneGold mobile app makes buying, selling, and tracking your gold on the go easy. You can check your account balance, view price charts to spot trends, set price alerts, and place buy/sell orders from your phone.
- Founded by an industry leader: OneGold was founded by CEO Scott Thomas, a recognized thought leader in precious metals.
OneGold Pricing & Plans
OneGold offers two straightforward pricing plans: Free and Paid. The main difference between the plans is how much you want to invest in precious metals and the needed features.
You will have instant, 24/7 access to OneGold as a free member. This allows you to view current metals prices, buy, sell, and redeem metals at any time. However, non-US users can only purchase gold and silver with the Free plan.
The Paid plan provides additional benefits for more serious investors. OneGold does require a minimum deposit of $100 each time you fund your account. Domestic shipping is free, but international shipping will incur fees.
With the Paid plan, you’ll gain access to:
- Platinum and palladium metals, in addition to gold and silver
- Lower premiums (the amount over the spot price) when buying and higher payouts when selling
- A dedicated account representative to provide personalized support
- Discounts on storage and insurance fees
- Eligibility to open a self-directed IRA
The Paid plan does come with an annual membership fee of $99. For frequent traders or those with a sizable portfolio, the lower costs and extra perks may offset this fee. For smaller investors, the Free plan should suit your needs well to get started.
Is OneGold Right for You?
So, is OneGold right for you? That depends on what you want in a precious metals investment platform. If the traditional buy-and-hold approach of physical bullion or mining stocks isn’t appealing, OneGold offers an innovative digital alternative.
With OneGold, your investments in gold and silver are represented by blockchain-based digital assets. This means you get the security and stability of precious metals and cryptocurrency’s efficiency. Your holdings are 100% backed by physical bullion stored in secure vaults, but you can buy and sell instantly with the click of a button.
If a streamlined, digital-forward approach to buying and selling gold and silver appeals to you, OneGold could be an excellent choice. The platform is ideally suited for new investors looking to get started with precious metals or those seeking an alternative to traditional investment methods. Click here to start your metal trading journey today.
Get Started with OneGold