Precious metals are quickly gaining fame in the investment world, especially among people who want to make a retirement plan.
However, to invest in precious metals, you have to trust the correct company. Even though there are different options out there, you must only work with a trustworthy one.
OneGold is an online marketplace and a precious metals company. It started due to the combined expertise, resources, and knowledge of two reputable companies, which aim to help clients get the benefits of acquiring both physical and digital products.
The reputation of OneGold precedes it, but you might’ve not heard about the company. In this review, you’ll learn everything you must know about it before making any investment decisions.
Advisory! Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth. We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!
With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)
See if OneGold made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.
OneGold is a platform for digital assets with which you can buy precious metals. It offers a different experience because you can tailor your investment journey to fit your needs.
Precious metal investors can make transactions at any time of the day, and they have the option of pre-funding their purchase or buying immediately.
Before buying a physical gold coin, a silver coin, or anything else, though, you’ll have to open an account.
Savvy investors often do some research before buying physical metals. However, OneGold offers top-notch alternatives for people who want to buy gold, silver, and platinum products, and the company has a fantastic reputation. Therefore, you’ll probably get positive outcomes even if you’re a beginner.
OneGold is the result of a partnership between Sprott and Ampex. The precious metals companies shared a revolutionary vision of owning these products, and they created the new company to help clients enjoy a new metal-buying experience.
Scott Thomas founded the company in 1999. Its headquarters are in Oklahoma City, and it has an extensive online catalog.
With lifetime sales of 10 billion dollars and a global customer base of 1.5 million people, Ampex was one of the best companies to focus on customer satisfaction.
Eric Sprott founded it in 1981, and it was both a real estate and a precious metal investment company.
The company managed to make more than 7 million dollars worth of customer assets, as well as more than 200,000 global clients.
Lastly, Sprott had subsidiaries in the US, Canada, and Asia, offering alternative asset management and private resources investing.
Opening an account is the first thing to do if you’re relying on OneGold for precious metal investing.
Setting up your account will only take a few minutes, and the process is free. After you do that, you’ll be able to browse through the company’s products.
You can choose between gold, silver, and platinum products, and pick where you’ll store them – there are different secure vaults available. The next step is usually pre-funding or buying.
If you’re buying, you lock in your products at the current market price. However, if you’re pre-funding, you’ll add money to your OneGold cash balance.
Once you buy the metals, you can withdraw, redeem, or sell the products at any time. The company has over 20,000 physical products to choose from, so there is no shortage of options.
If you want to close your account or simply need the money back, you can withdraw it to your bank account or payment source.
US clients can access gold, silver, and platinum products. They’re available in US secure vaults, approved by the government.
At the same time, all precious metal alternatives have insurance with OneGold, so you’ll be safe from theft or loss.
The digital assets have an investment-grade, physical backup, and it’s either platinum, silver, or gold, depending on what you buy.
Furthermore, all products have different storage fees. The company representatives can help you determine how much you need to pay depending on what you have in your vault.
Clients who are from the UK, Canada, or Switzerland have fewer options because they can only buy gold or silver with OneGold. However, the company still helps them manage, buy, and sell their digital investments and physical metals.
An inventory audit can help you trust the company and give you peace of mind, and OneGold provides you with one, once a month.
OneGold works with partners who take care of doing inventory audits, and they take care of identifying the specific details of the physical metals you own.
You’ll get inventory reports from Switzerland, Canada, the US, and the UK. Everything is on public record, and you can go to OneGold’s website and read the reports in detail.
Once a year, OneGold will update its insurance policy. Plus, the company also has third-party verification, which helps them stay on top of all investments.
Moreover, experts physically count and verify some OneGold products twice a year, so your investments will always be safe.
Lastly, there is also daily reconciliation between your account and the precious metal you’re storing.
Five dollars is the minimum storage fee per quarter. The rate per year is 0.12% for gold, 0.30% for silver, and the same for platinum.
You’ll get storage fee bills quarterly, and they consider the average daily balance of your holdings multiplied by the storage rate of the precious metal you have.
Once you get started with OneGold, you’ll have to calculate how much you’ll pay in storage fees. However, you don’t need to worry – the precious metal dealer offers several tools to help you with that and make the process smoother.
The company has made precious metal investing a completely different process because now you can buy or trade products at any time of the day.
With the OneGold app, you can track prices and trade anytime. If you want to make a purchase, with just a few clicks, you’ll be able to withdraw from your bank account and use them to get the precious metal you want.
Furthermore, the app is a fantastic precious metal investing tool for portfolio management. It has various features and will suggest whether to sell your holdings or add to them.
You can also set custom alerts with the OneGold app, and they’ll tell you when prices reach the threshold you’re waiting for. If they do, you’ll have the opportunity to buy the precious metals, even if the market is closed.
Finally, you’ll have prices at your fingertips at all times and can turn on the option to get news about platinum, gold, silver, and other investments. Since the app tells you what the driving metal prices are, you’ll be able to make more intelligent decisions and improve your portfolio.
The OneGold app offers a unique feature, and it allows you to auto-invest. With it, you can automate orders for precious metal investing and put everything on autopilot.
If you want to get a good start in the precious metals industry, the app’s feature is ideal since you’ll be able to keep building your account even if you’re not actively making decisions.
The best thing about the auto-invest feature is that you can tailor it to fit your needs. It can, for example, work daily, weekly, monthly, or quarterly, or you can set it in terms of a specific amount of money or metal ounces.
It’s an option to change your vault holdings for physical products. To use it, select the precious metals that interest you and exchange your holdings for them.
After that, the company will immediately select the precious metals purchased and ship them to you.
Some people don’t want anything they see on the preliminary precious metals catalog. If that’s your case, you can contact OneGold and see if the company has any other option to consider.
If you’ve made it this far on the OneGold review, you’ve probably read some things you like about the company.
However, there are even more convenient options. The company guides clients who want to diversify their retirement accounts and investments by offering various options, such as precious metals IRAs.
OneGold relies on trusted partners, secure vaults, inventory audits, and other alternatives to provide clients with the security they need when it comes to retirement plans.
Just like a 401(k), an IRA allows you to plan for your retirement. Nonetheless, when you open a self-directed retirement account with OneGold, you’ll be able to invest in precious metals, which, in turn, allows you to take advantage of tax benefits and grow your wealth with compound interest.
OneGold gives you control over your IRA and precious metals investments. Therefore, you can create the portfolio you want.
The company gives clients numerous options when it comes to IRAs, and one of the best ones is that you’ll get fair prices and safe storage alternatives.
Since OneGold works with different storage facilities, you’ll never need to worry about the security of your precious metals. Plus, the IRS accepts gold, platinum, and silver as IRA investments, so you’ll get numerous products to choose from if you work with this company.
Overall, happy clients have said that working with OneGold has allowed them to feel more secure about their futures. Now, you can enjoy that too – the company’s workers are always happy to help, so you can trust them with your investment decisions!
Make sure you check out my #1 IRA Provider: Goldco Precious Metals.
An IRA is a type of retirement account that you can choose if you want to diversify your portfolio and secure your future.
There are different types of IRAs, but self-directed ones are very common because you get full control of what you do with your account.
While you can always keep money in regular accounts, IRAs are different because they allow you to have other types of assets, for example, precious metals.
With an IRA, you can invest in precious metals, real estate, and more. OneGold helps people who want to open these types of accounts, and they’ll guide you through the process.
However, it’s crucial that you learn all the IRS rules and regulations before purchasing precious metals or making any other kind of investment. If you have any questions, contact professionals to help you.
Good examples of this are clients who get penalties for withdrawing money because they don’t know they must be at least 59 and a half to take the funds out. At the same time, people who open IRAs without a custodian can also get in trouble with the IRS.
OneGold has a list of custodians to help you, and its professionals will explain what you need to know to invest in precious metals and make the most intelligent decisions for your future.
People usually see gold as a safe haven when it comes to investments, even among other precious metals.
Gold is one of the best options if you want to balance out your portfolio because its value usually increases when other investments go down.
Although precious metals have been valuable for thousands of years, gold is a more convenient option because its price is much more stable than others.
Even if there is a crisis, the price of gold probably won’t drop as much. Therefore, many people choose it, especially when they’re planning for their retirement because it decreases the chances of them losing their assets during times of financial hardships.
OneGold allows you to own physical precious metals, and you can redeem them anytime you want. Therefore, you’ll have plenty of convenient options, especially if you’re opening an IRA.
Although most of what you’ve learned in this OneGold review are positive things about the company, it has some drawbacks as well, and you should keep them in mind if you’re trusting it for your investments. Take a look at its pros and cons:
You’ll get plenty of information to make intelligent decisions.
OneGold offers different alternatives, especially for new account holders.
The mobile app is easy to use and convenient.
You can trade anytime you want.
Fees are considerably low with OneGold.
Two reputable, trustworthy companies own OneGold.
There are numerous physical products if you want to redeem your holdings.
When it comes to managing account issues, customer service is not the best.
OneGold has received many positive reviews on BBB and other reliable websites. Most clients are happy with the company’s options and are glad to trust it with their investments.
You’ll find some reviews on OneGold’s website, but you can also look online. Plenty of customers have said how happy they are, and that’s a fantastic sign if you want to open an account with the company.
Also Read: Gold Trust Financial Summary
This OneGold review proved that the company is trustworthy, offers numerous options for clients, and could be the ideal one to trust if you’re looking for multiple alternatives, attentive professionals, and fair prices for your investments.
If you’re convinced by what you learned in this OneGold review, it’s time to start working with the company to build the future you want!
They are because they’re a much more stable option than other asset alternatives.
It offers numerous alternatives if you want to invest in precious metals.
OneGold focuses on physical and digital assets, and it offers numerous options for clients, including precious metals.