Only Gold Review 2023: Overpriced Precious Metals?

June 1, 2023

Only Gold Review

Hello and welcome to this Only Gold review!

Investors have been attracted to precious metals especially those of Gold and Silver. Aside from it stunning beauty and the fact that it's some way of holding real wealth, it provides multiple benefits in investment perspectives. 

Today, there are a lot of precious metal dealers and brokers that personally claim their products and services are better than competition. However, that doesn't seem to be so accurate, and instead, clients get scammed.

Have you been researching on companies and came across a firm named Only Gold? Do you want to know if they're trustworthy? Are you finding answers whether they are legit or a precious metals scam?

Well, this Only Gold review might give you a hand in determining whether or not they your money is worth investing in this company. Without further ado, let's start answering your curious questions!

Only Gold Review Quick Summary

only gold logo

Name: Only Gold


Owners/CEO: Undisclosed

Price: Varies depending on your investment

Rating: 3.5/5

Fill Counter

What is Only Gold?

only gold website

This Phoenix, Arizona-based precious metals organization started during the year 1981. With that, they carry a reputation amongst many bullion dealers in the precious metals industry.

As part of the CMI Group, they became part of the leading metals dealers in the United States. Additionally, their employees and experts are well-versed in all the dwellings involved in this business.

Due to them being a specialist in precious metals, they have been a force when it comes to selling and buying them. Moreover, they have claims of having the lowest prices possible for these metals.

Admirably, Only Gold trades solely on Certified Coin Exchange. In this manner, it has tangible support from reputable organizations such as Professional Grading Service and Numismatic Guaranty Group.

This company is a member and is insured by Lloyd's of London. Over decades of good business, they have built a good reputation in the precious metals industry. They have been featured in publications like the Wall Street Journal, Forbes, and Bloomberg.

Only Gold Management

The company Only Gold is a privately held company and therefore does not disclose its ownership or executive team publicly. Moreover, their website does not display any list of members of the team.

However, in their "About This Website" page, it is stated that Only Gold is a division of a bigger company named GoldMoney, Inc. This company has listed in their website the following people:

  • James Turk - CEO
  • Juan Pablo Faundez - CFO
  • Eduardo Fernandez - COO
  • Sebastian Fernandez - CTO

Although not officially stated, these people are most likely involved in running and managing Only Gold. On the other hand, as I have researched further, I discovered the following people linked to Only Gold:

  • Michael Burry is a hedge fund manager who is known for his successful bet against the housing market in the early 2000s. Burry is a major investor in Only Gold and is believed to be one of the company's largest shareholders.
  • Doug Casey is a financial author and publisher who is known for his advocacy of gold ownership. Casey is a member of Only Gold's advisory board and is believed to be one of the company's most vocal supporters.
  • Ron Paul is a former U.S. Congressman who is known for his libertarian views on economics. Paul is a member of Only Gold's advisory board and is believed to be one of the company's most influential supporters.

Available Products and Services

Surprisingly, Only Gold does not only offer gold. Their inventory consists of products including silver, platinum, and palladium. These can be bough in bars, coins, and even jewelry.

In addition, a certain section entitled "Specials" houses discounts on some of these precious metals. However, these discounts rarely come and the stock of these product easily goes to zero.

To enumerate, the list of their products are as follows:


  • American Eagle
  • American Buffalo
  • Double Eagles
  • Austrian Gold Philharmonics
  • Canadian Maple Leafs
  • Chinese Panda
  • Among others


  • American Eagle
  • Australian Kangaroos
  • Canadian Maple Leafs
  • Austrian Philharmonics
  • Among others


  • American Eagle
  • American Platypus
  • Canadian Maple Leaf


  • Canadian Maple Leaf

Lastly, the company provides educational services too. You can see in their website resource materials about gold, including articles, videos, and webinars.

Product Types and Prices

As mentioned above, Only Gold offers several choices for coin items. But, it must be said that the prices of these items change because of spot prices and regularity of purchases.

Furthermore, you will be presented with different characteristics to further narrow down your list of purchase. To illustrate, you can filter by face value, weight, purity, physical properties, etc.

On the hand, bullions on their inventory only has four sizes, from 28.3 grams (1 oz.) to 1 kilogram. To add, the type of bars you will find in their online platform are as follows:

  • PAMP Suisse Fortuna Bar
  • Royal Canadian Mint Bar
  • PAMP Suisse Dragon Bar

However, the availability of these bullions differ on several cases. For example, a certain type will not be available for a certain weight class.

As for their prices, I have no idea how much their items are since there are no relevant information available. Instead, you need to call one of their representatives to inquire about their prices.

Regrettably, ordering also needs to be done by contacting them since they do not allow online purchases. Moreover, spot prices on their website can only help you so much. Regardless, they need to work on their degree of transparency.

Customer Ratings and Reviews (Updated May 2023)

As for their customer ratings and reviews, it would appear that only Better Business Bureau gave them an "A+" rating. Although accredited, the lack of reviews from other websites and organizations might dissuade you.

Unfortunately, there are no reviews, ratings, and reports available from other companies such as Business Consumer Alliance, Trustpilot, and Yelp. In a sense, this gives you an idea on where they stand in terms of web presence.

Pros and Cons


  • Availability of platinum and palladium
  • Selling to them is possible
  • Part of the CMI group (CMI is the one that offers precious metals IRA for Only Gold)


  • No precious metals IRA 
  • No relevant information regarding prices and fees
  • Confusing name
  • Minimum purchase is quite high
  • Outdated online platform
  • Few reviews and ratings available

Conclusion - Are They Overpriced?

As a summary to this "Only Gold Review", let me start by saying that it is not a scam. It is a legitimate company hat has tantalizing products and is accredited by Better Business Bureau since 1999.

However, it needs major reconstruction and change. To start, the lack or IRA services will usually discourage buyers and sellers alike. For a company that started in 1981, the availability of such service is imperative.

Second, prices and fees are not present on their website. Spot prices are not enough to educate their buyers. What's more, their minimum purchase is quite high.

Lastly, they need to work on their online presence. As a bullion dealer, having little to no reviews at all is a red flag. Clients are more inclined conducting business with a firm that has reviews to back their claims.

As usual, thank you for reading this Only Gold Review. Feel free to toss your comments or suggestions in the comment section below.

Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.

By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2023!


Leave a Reply

Your email address will not be published.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

 Questions? Call 855-444-7022