Welcome to my OneGold Review!
As 2021 passes by, it seems like more and more people are getting into precious metals like gold and silver.
Perhaps you are one of those people. And perhaps you have heard of a company by the name of OneGold.
So, who (or what) is OneGold? What type of products do they offer? How's their support? Are they the right fit for you?
Well, let's jump in a take a look, shall we?
OneGold Review Quick Summary
Owners: APMEX and Sprott
Account minimum: Claims that you can invest with as little as $1
What is OneGold?
Let's begin this OneGold review by gathering some background information.
OneGold is a precious metals company, online marketplace and platform.
It was hatched as a result of the combined knowledge, experiences and resources of two partner companies, APMEX and Sprott.
OneGold aims to provide the best experience for everyone to acquire the features and benefits of both physical and digital products relating to precious metals such as gold and silver.
Who are its owners?
APMEX is one of the leading online dealers of precious metals. It was founded in 1999 by Scott Thomas. Currently, APMEX is headquartered in Oklahoma City.
With a global customer base of 1.5M and lifetime sales of $10 billion, APMEX has proven to be a great dealer of precious metals.
Moreover, it has a reputation of being an industry leader and innovator when it comes to metals. Apart from that, APMEX has a wide range of products and aims to satisfy its customers with its services.
Sprott is an alternative asset manager and a worldwide leader in real asset investments, such as precious metals. Eric Sprott founded it in 1981.
It has approximately 200,000 global clients and a total of $7 million of customer assets. Sprott's subsidiaries are in the U.S., Asia and Canada. They aim to provide investors with world-class strategies.
OneGold offers U.S. gold, silver and platinum. These are developed in-house by the APMEX team.
Possession and ownership of U.S. products might provide security and assurance that these are safe and in good hands with OneGold's partners: Loomis, APMEX or Brinks.
Moreover, all of the products are physically segregated and are fully insured by Lloyd's of London.
Vaultchain Gold and Silver
OneGold also offers "Vaultchain Gold & Silver" as a digital product developed by TradeWind. It is a leader in the world of digital asset innovation.
Vaultchain products will give you advanced features and are stored and vaulted at the Royal Canadian Mint.
How does it work?
Below, you can see a couple of pictures from OneGold's website, explaining the whole process of how it works.
OneGold also offers IRA services. If you wish to avail them, you have two choices of choosing where you would like to entrust the safety of your precious metals: STRATA Trust and Preferred Trust Company.
The process involves 3 steps.
- You contact either STRATA Trust or Preferred Trust Company to create an account.
- Fund your account (or if you have an existing IRA account, you can transfer your funds).
- OneGold will then create and fund your account and send you your login information.
Note that other gold IRA companies have different recommended gold IRA custodians. Our top-rated gold IRA company works with Equity Trust.
The prices of OneGold's products varies. Do your own due diligence to ensure you are getting the best deal.
However, keep in mind that lower-priced service may come with a loss of services compared with companies such as our first-choice gold IRA company.
OneGold aims to provide its customers precious metals and services at the lowest price. Because of that, it has designed its fees to be as low as possible.
Below, you can see the information you need regarding the storage fees. There is also a calculator in its website to help you find out how many fees you need to pay depending on your investments.
To expand its platform, OneGold has a mobile app for its customers. It's available in both the Apple Store and Google Play.
It's actually fairly well developed and with it, you can stay up-to-date about the marketplace and even your purchases.
This is not as robust as the educational offerings of our top-rated gold IRA company, which provides a unique one-on-one web conference designed by its on-staff, Harvard-trained economist.
Switch and Save
OneGold also has a feature called Switch and Save. With this feature, each customer is given a reimbursement with an amount up to $250 per account whenever a purchase of OneGold's U.S. products is made.
This is to save customers the pain of switching around. Below are pictures from the website, which explains how it works.
Trust Ratings (Updated For 2021)
So, how are OneGold's customer ratings?
Well, according to the BBB, they have an "A+" rating based on 12 customer reviews (as of December 17 2020):
Update For 2022: It appears that Onegold has 2.8 out of 5 rating, based on 3 reviews.
What about their customer reviews? Are they legit? Well, here's what some customers had to say:
If timing is important to you, consider working with a gold IRA company that specializes in efficient transactions.
Pros and Cons
- Has no complaints so far
- Owned by two companies who are well known in the industry
- Low fees
- The website is full of useful and helpful information
- You can start with just $1
- The mobile app is helpful
- The products are good
- There might be better options for you based on your unique situation
- Some reviews mention slow processing times
Is OneGold a scam?
To conclude this OneGold review, we just need to answer a commonly asked question, "Is OneGold a scam"?
OneGold is not a scam. It's a legit company founded by two excellent companies in the precious metals industry.
It has low fees and features that greatly benefits each and every one of it's clients.
For those who need more complete service and better processing times, check out our top-rated gold IRA company here.
There are also no complaints that I found on the internet regarding OneGold which is great! That said, if you want to know the #1 Precious Metals and Gold IRA company, read the next section and click on the link.
Thank you so much for reading my OneGold Review! If you have any questions, comments or experience with OneGold, feel free to share them below in the comments section!