OneGold is a digital platform for investing in gold and silver. Established by AMPEX, a leader in precious metals, OneGold aims to make buying and selling bullion simple for new and experienced investors alike.
While OneGold may offer fewer product options than some competitors, they focus on the most popular precious metals – gold and silver. What really sets OneGold apart is their low prices. By using digital representations of physical metals, OneGold cuts down on overhead costs and passes those savings onto you.
OneGold’s straightforward pricing means lower commissions and narrower spreads than traditional dealers. Their digital model also means 24/7 access to your account and the ability to buy or sell in real time whenever markets are open. So, should you sign up for OneGold? Here is a OneGold review to explain why you should.
OneGold Features
OneGold’s simplicity starts the moment you land on their website. The clean, intuitive interface makes it incredibly easy to set up an account and start buying precious metals.
- OneGold’s primary feature is the ability to purchase digital assets representing physical gold and silver stored in their vaults. You can buy, sell and trade these assets 24/7 through their website or mobile app. Prices are updated in real time based on live market rates.
- For new investors, OneGold provides an easy entry into the world of precious metals. You can start with as little as $50 to buy fractional shares of gold or silver. More experienced investors will appreciate the ability to purchase entire bars. OneGold offers a selection of gold and silver bars in different sizes to suit any investment needs.
- Should you decide you want physical gold or silver in your possession, OneGold allows you to redeem your digital assets for physical metals. They’ve partnered with APMEX, one of the world’s largest precious metals retailers, to facilitate the redemption and delivery process.
- OneGold allows you to buy, sell and redeem approved physical gold and silver bullion bars and coins. Your holdings are digitally represented, so you don’t have to deal with securely storing physical precious metals yourself. If you decide to redeem your investment, OneGold will ship you the physical gold or silver or the cash equivalent.
- For those interested in a gold IRA or silver IRA, OneGold has partnered with reputable third-party IRA custodians. You can fund your OneGold account with IRA monies and use it to invest in approved gold and silver assets for your IRA.
OneGold Pricing & Plans
Now that you know what OneGold offers, let’s go over their pricing and plans. Creating an account with OneGold is free. You can sign up right on their homepage, where you’ll see the current price of gold, silver, and platinum.
To fund your account, there is a minimum deposit of $100 each time. However, you won’t need to spend that much for each purchase since OneGold supports fractional buying. When purchasing platinum, gold, or silver as digital assets, you pay the price of the precious metals plus storage fees. You can pay via check, credit/debit card, bank account, or Bitcoin.
If you want to redeem your digital assets for physical precious metals, OneGold won’t ship you the exact assets you bought. Instead, they’ll send you precious metals equal to the current spot price of your assets minus a 30% redemption fee.
Who is OneGold Best For?
OneGold is best suited for a few specific types of investors and savers:
- Retirement savers. If you’re saving for retirement in an IRA or 401(k), OneGold lets you invest in physical gold and silver tax-advantaged accounts. The precious metals can help diversify your retirement portfolio and hedge against inflation.
- Long-term buy-and-hold investors. Precious metals like gold and silver are best as a long-term investment. If you’re looking to buy and hold for 5-10 years or more, OneGold’s low premiums and storage fees make it an affordable option.
- Inflation hedgers. Gold and silver have historically held their value during times of high inflation. If you’re worried about the declining purchasing power of the dollar, precious metals can help protect your money’s value over time.
- Diversifiers. Adding gold and silver to a balanced portfolio of stocks and bonds can help reduce overall volatility. The precious metals tend to move independently of the stock market, so they provide diversification benefits.
- Collectors. In addition to bullion bars and rounds, OneGold offers collectible coins for investors interested in the collectible value of precious metals. Rare coins may appreciate more over time due to their scarcity and demand from collectors.
Verdict: Should You Sign Up For OneGold?
While OneGold may not suit every investor, its innovative approach to precious metals investing is worth considering. The platform provides an easy way to gain exposure to physical gold and silver along with the benefits of blockchain technology. If this modern take on an age-old asset class appeals to you, OneGold could be worth your while.
So there you have it. OneGold isn’t your traditional investment platform, but for many investors looking to buy and own physical precious metals, it offers an attractive package with digital convenience and options for secure physical delivery and storage. Why not check it out and see if it’s right for your needs? Click here to get started on OneGold today.
Disclaimer: This article contains sponsored marketing content. It is intended for promotional purposes and should not be considered as an endorsement or recommendation by our website. Readers are encouraged to conduct their own research and exercise their own judgment before making any decisions based on the information provided in this article.
