What Is OneGold?


Jeremy BiberdorfBy: Jeremy Biberdorf

June 17, 2023June 17, 2023

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Whether you’re a first-time investor or a seasoned professional, OneGold is a platform that should certainly be on your radar. With a user-friendly approach to the intricate world of precious metals, this innovative company aims to simplify and streamline the precious metals investment process.

But what exactly is OneGold, and how does it stand out in the precious metals industry? This article dives deep into the features, benefits, and other aspects of OneGold to help you determine if it could be a great fit for your financial future.

Learn More About OneGold

Company Background

OneGold is a pioneering precious metals company that offers a new, digital way of buying, selling, and managing precious metals investments. Co-founded by industry leader APMEX and alternative asset manager Sprott, OneGold is headquartered in Oklahoma City and led by CEO Scott Thomas.

The company provides digital assets representing physical metal, effectively bridging the gap between the physical precious metals industry and the convenience of modern-day investment platforms. As a result, OneGold offers its customer base the ability to buy, sell, or redeem precious metals like gold, silver, and platinum products at their fingertips.

Features

OneGold sets itself apart with a unique blend of features designed to make precious metal investing as seamless, secure, and informed as possible. Some standout features include:

  1. Digital Representations of Physical Metals: OneGold offers digital assets representing physical gold, silver, and platinum. Each digital asset corresponds to a specific weight of physical metal stored in secure vaults. This allows customers to enjoy the benefits of precious metals ownership without the hassles of physical storage.
  2. Secure Storage: OneGold partners with top-tier vaulting partners to store customer assets. Their storage partners, including the Royal Canadian Mint and Loomis International, are insured by Lloyd’s of London, ensuring a high level of security for the stored metals.
  3. Transparent Pricing: OneGold links its prices to the current spot price of gold, silver, and platinum. This transparency ensures that customers buy and sell their digital assets at fair, real-time market prices.
  4. Multiple Payment Options: Customers can purchase digital assets on OneGold using a wide range of payment methods, including bank wire, credit card, check, and even Bitcoin.
  5. AutoInvest Program: This feature allows users to automate their precious metals investments, scheduling regular purchases based on their chosen amount and frequency.
  6. Market News and Insights: OneGold provides daily market news and insights, empowering customers with knowledge about the precious metals market trends.

Why Invest in Digital Gold with OneGold?

Investing in digital representations of precious metals through OneGold presents several advantages:

  1. Liquidity: OneGold’s platform allows users to buy and sell their assets at any time, based on the current spot prices of the precious metals. This flexibility and liquidity make OneGold an attractive option for investors.
  2. Storage and Security: Each digital asset is backed by physical metals stored in secure vaults, eliminating concerns about storage and security. The storage fees are competitive, with a minimum storage fee ensuring affordability for small and large investors alike.
  3. Accessibility and Convenience: OneGold’s platform is easily accessible online, enabling customers to manage their investments from anywhere at any time.
  4. Diversification: Adding precious metals to your portfolio can provide a hedge against market volatility and currency devaluation.
  5. Cost-Effective: Digital metals eliminate many of the costs associated with physical metals, such as shipping and handling, making them a cost-effective investment choice.

Pros

OneGold’s strengths lie in its innovative approach to precious metal investing and its commitment to customer satisfaction:

  • Customer Reviews: OneGold has received excellent reviews,
    with customers highlighting its user-friendly platform, transparent pricing, and exceptional customer service.
  • No Hidden Fees: The price you see is the price you get. OneGold’s pricing model is straightforward and transparent.
  • Easy Redemption: Customers can easily redeem their digital assets for physical metals or cash, based on their needs.
  • Diversified Product Options: OneGold offers a wide range of product options, catering to different investor preferences.

Cons

While OneGold offers many benefits, potential customers should also be aware of a few limitations:

  • Physical Delivery: While OneGold allows customers to redeem their digital assets for physical metals, the delivery options and costs may vary.
  • Limited Retirement Account Options: As of my knowledge cut-off in September 2021, OneGold didn’t support IRAs or other retirement accounts.

Storage Fees and Cost Transparency

One of OneGold’s primary advantages is its competitive and transparent storage fees. By leveraging relationships with industry leaders in the industry, the company ensures that customers’ holdings are secured, insured, and audited at a remarkably low cost. This arrangement gives users peace of mind, knowing that their assets are in safe hands.

The storage rates for different precious metals are as follows:

  • Gold Storage Rate: 0.12% per annum
  • Silver Storage Rate: 0.30% per annum
  • Platinum Storage Rate: 0.30% per annum

OneGold goes a step further in ensuring cost transparency by offering a storage fee calculator on their website. This tool helps users estimate their storage fees based on the type and amount of precious metals they wish to invest in. The calculator factors in the annual storage rates for each metal type, providing a clear and upfront picture of the potential costs involved.

Importantly, the platform has a minimum annual storage fee of $20.00, billed quarterly at $5.00. This pricing structure is designed to ensure affordability for all types of investors, whether they’re just starting with precious metals or are seasoned players.

OneGold’s low storage fees, combined with its user-friendly and transparent fee calculator, align well with their commitment to affordability and transparency. This approach puts customers in control of their investment decisions, providing a clear understanding of the cost implications right from the start. This transparency and affordability underscore why OneGold is an appealing option for those considering precious metal investments.

Adherence to Lloyd’s Of London Standards

Investors scouting the precious metals industry often seek assurance in a company’s security measures. The company’s vaults, where the precious metals are securely stored, are backed by Lloyd’s Of London – a prestigious insurance market known for its stringent security requirements. This adherence to high standards adds an extra layer of assurance for those looking to invest through OneGold.

Can I Buy With A Credit Card?

Yes you can. To make a purchase using a credit card on OneGold, you simply need to follow these steps. First, you’ll need to create an account on the platform if you haven’t already done so. Next, select the digital assets you wish to purchase and add them to your cart.

Once you’re ready to make the payment, choose ‘Credit Card’ as your preferred payment option. Key in your card details, confirm the purchase, and voila! The digital assets you purchased will be added to your account balance.

Also worth mentioning is the fees associated with credit card transactions. Like many other platforms, OneGold charges a minor transaction fee for credit card purchases which will be clearly displayed before your final purchase confirmation.

Security of Card Transactions on OneGold

One of the major concerns that any online shopper has, is the safety of their card transactions. OneGold is thoroughly committed to ensuring that your credit card details and transactions are kept secure. They use advanced encryption technology and protective measures to keep your data and purchases safe. Credit card information is not stored on their servers thereby providing an added layer of protection. Their Secure Vaults feature further enhances the security of your purchased digital assets.

For a more comprehensive understanding of their security measures, you can visit Is OneGold Legit.

What is OneGold – Final Thoughts

OneGold is a trailblazer in the world of digital precious metals. By providing a platform that merges the traditional precious metals industry with the modern-day conveniences of digital assets, OneGold has created a unique, accessible, and secure way to invest in precious metals.

With its transparent pricing, security features, and wide range of product options, OneGold is a compelling choice for both new and experienced investors. While it may have a few limitations, the benefits of investing with OneGold often outweigh these, making it a notable contender in the precious metals market.

If you’re seeking a seamless, secure, and innovative way to diversify your portfolio with precious metals, OneGold could be a great fit for your investment strategy.

For more information about OneGold and their offerings, click here to visit their website.

Get Started With OneGold

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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