Hello and welcome to my OneGold Review!
Investing in precious metals has been on the rise lately. Especially that the economy has been unstable for the past years. Precious metals are a good investment whenever the economy is unstable, since its value does not change in connection with the economy.
However, you must also be vigilant on where you purchase your precious metals. Furthermore, there are a lot of companies that are hassle to deal with.
Is OneGold one of those companies? Well, come and join me as I unravel this precious metals company.
OneGold Review : Quick Summary
Name: OneGold
Website: onegold.com
Owner: Sprott and APMEX
Price: Depends on your budget
Rating: 4 out of 5
OneGold Review : Basic Information
OneGold is a company dealing in precious metals buying and selling. In addition, they are a joint project between two precious metals company, Sprott and APMEX.
Founded in 2018, they have promised to make precious metals investment as easy as possible. OneGold offers customers a convenient and secure platform for precious metals trading. Furthermore, they have many features such as AutoInvest and a Mobile App.
We will talk more about those later.
What is APMEX and Sprott
APMEX and Sprott are precious metals company which have been operating in this industry for a long time. Furthermore, they have served many clients over the years.
APMEX
APMEX is an industry leader of online precious metals dealer. They have been operating since Scott Thomas founded the company in 1999. In addition, their headquarters is located in Oklahoma city.
They have a huge clientele numbering 1.5 million. Furthermore, they also have over $10 billion dollars in lifetime sales.
In addition, they have also been called as leaders in the precious metals industry when it comes to innovation. You can learn more about APMEX in my in-depth review of them here.
Sprott
Sprott is an investment manager which specializes in precious metals. Eric Sprott founded the company in 1981.
Sprott has over 200,000 customers worldwide. Furthermore, they are holding over $7 million in customer assets.
What Does OneGold Offer?
OneGold divided their products into two types which are U.S. Products and Vaultchain Gold and Silver
U.S Products
U.S Products are gold, silver, and platinum that are distributed in the United States. The APMEX team created these products. In addition, OneGold's partners namely APMEX, Brinks, and Loomis are the ones responsible in storing these U.S. Products.
In addition, the precious metals are also insured by the Lloyd's of London. Furthermore, they segregate your precious metals investment in many locations.
Vaultchain Gold and Silver
TradeWind developed Vaultchain Gold and Silver. Moreover, TradeWind is the world's biggest gold and silver marketplace. Furthermore, they are the most innovative company when it comes to digital goods that is why they made Vaultchain Gold and Silver.
Vaultchain Gold and Silver products are kept in the Royal Canadian Mint in one of its vaults.
How to Get Started with OneGold?
Dealing with OneGold is simple. All you have to do is follow the steps down below.
- Create an account by going to their website.
- Choose what precious metals you want to purchase.
- Pay using Bitcoin, Check, Credit Card, and PayPal; in addition, you can also connect your bank account if you have one based in the U.S.
In addition, you would also have to pay annual storage fees of 0.30% for Silver and 0.12% for Gold.
What is OneGold's AutoInvest Feature?
OneGold's AutoInvest is a unique feature created by OneGold. With it, you can create a monthly recurring buy order of a precious metal of your liking. All you have to do is set an amount of dollars or ounces to purchase per month.
Moreover, they also have a calculator where you can see your possible future portfolio value based on the presets you choose.
What is OneGold's Mobile App?
OneGold's mobile app is a handy tool for their investors to track the market and their investments. You can download their app in Google Play and in the App Store. In addition, their mobile app has Google Play rating of 3.9 out of 5, and an App Store rating of 4.8 out of 5.
Their mobile app has the following functionality.
- Modern Metals Trading
- Portfolio Management
- AutoInvest
- Physical Redemption
- Live Spot Prices
- Market News
- Custom Market Alerts
What is OneGold's Switch and Save?
OneGold's Switch and Save feature is for potential investors which are on the fence about transferring to them from another company. In addition, they claim that they are willing to reimburse switching clients by offering them a reimbursement of up to $1,000 on their first purchase.
First, you have to create an account with OneGold. Your OneGold account name must match with the account name of the company that you are switching from
Second, you have to contact them to let them know that you want to switch. Furthermore, tell them about their competitors invoice and the amount that you are going to transfer.
Third, you have to sell your assets from the other company and transfer it into your bank account. You can start locking the current spot price of a precious metal you want to purchase while waiting for the funds to clear.
Fourth, you have to send them your final bill and they will give you credit in your account cash balance equal to 0.50% of your first purchase. However, they will only give you a maximum credit of $1,000.
Lastly, OneGold will transfer your credit into your account as cash balance once the transaction has been verified.
Does OneGold Offer IRA Services?
Yes, OneGold offers IRA services. All you have to do is contact one of their custodians namely, STRATA Trust company, Kingdom Trust, and New Direction Trust Company. Next, you have to add funds to your account. Lastly, create an IRA account in OneGold and set your custodian from your profile to the one you have contacted.
OneGold Reviews and Ratings
The following are OneGold reviews and ratings I have found online.
- BBB - 4.32 out of 5 based on 19 customer reviews, A+ Accredited Business
- TrustPilot - 2.8 out of 5 based on 3 review.
It seems there have been mixed reviews about this site, unlike our most recommended precious metals company.
OneGold Review : Pros and Cons
Pros
- Run by reputable companies of the industry.
- Website is simple and easy to navigate. Furthermore, they have tools that make investing easy.
- Low storage fees
- Their mobile app is very useful.
Cons
- There are some negative reviews
Alternatives
Before you make your final decision, here are some companies you should check out first.
OneGold Review : Final Verdict
OneGold is not a scam. Furthermore, they offer many features to help their clients with their investments.
In addition, the fact that they are created jointly by two renowned precious metals company tells you a lot about them.
So, if you are going to ask me whether it is fine investing with them, then I'll say go ahead. There is no reason not to. However, I recommend you to check out Augusta Precious Metals first. My most trusted and recommended precious metals company. They have tons of positive ratings and reviews from different sites. Furthermore, they have superb customer service.
Click the button below to learn more!