One Gold Info

This page is devoted to explaining how One Gold works for anyone thinking about acquiring some gold or silver that prefers not to store it yourself. One Gold offers that option. I have used it myself with no problems so I don't mind devoting a page to it here. Also, should you decide you want to open an account with One Gold, I will post a link below the Q&A section that pays us both $5 if you open account and purchase $100 or more from them in physical gold or silver.

Here is some basic information on One Gold so you can see that it is backed by well known industry players:

"OneGold is the result of the knowledge, experience, and resources of two globally recognized partners APMEX and Sprott. They are working to make OneGold the precious metals buying experience of the future, where customers get the features and benefits of both physical and digital products in an easy-to-use, efficient and secure online marketplace. Together, APMEX and Sprott are committed to building OneGold into the best experience for anyone who wants to own precious metals."

Here is information taken directly from the One Gold site in a Q&A style format that should give you good feel for how it works:

Q: What is One Gold?

A: OneGold is an online platform for digital assets backed by precious metals. We select the best digital assets in terms of liquidity, security, and vault locations and provide a convenient, easy to use platform for your digital metal trading needs. Any product sold on OneGold will be 100% backed by physical metal.

Q: Why May it be Cheaper to buy One Gold Products?

A: OneGold offers three types of products, U.S. Products, Switzerland Products and Canadian Products.

All of these products consist of physical investment grade retail products. Switzerland, Canadian, and U.S. Products represent fractional ownership in London good delivery bars or pooled positions. These bars or positions are purchased directly through wholesalers and often do not carry the premiums associated with smaller, retail products.

All products purchased through OneGold are physically backed on a 1:1 basis and are typically purchased in large quantities. Therefore, we can offer ownership of these metals at better rates.

Q: How can I be sure my Holdings are Backed 100% with Physical Metals?

A: OneGold will only settle any digital asset transactions which are backed by 100% physical metal.

Canadian Gold and Canadian Silver are held at the Royal Canadian Mint (RCM). All precious metals stored within the RCM’s network of vaults are guaranteed ounce for ounce by the Royal Canadian Mint, a Crown corporation wholly owned by the Government of Canada.

U.S. Products and Switzerland Products are guaranteed by OneGold. Metal positions are independently verified twice a year by one of the top 10 provider of audit, tax and consulting services. OneGold performs a daily reconciliation of the balances between the physical metal at storage and actual balance in the OneGold account. On Switzerland Products, OneGold receives a Loomis inventory list identifying the specifics of each bar owned by OneGold and its customers, including bar refinery, bar number, bar weight and bar fineness.

All your stored precious metals are fully owned by you and you maintain full legal ownership and title to your physical metal.

Q: How Does One Gold Pricing Compare to ETF's or Physical Ownership?

A: Many ETFs charge between 40 and 60 basis points per year for management fees. OneGold charges only a small storage fee of 12 basis points yearly for gold and 30 basis points yearly for silver and platinum. In comparison to owning physical metal, which is both cumbersome and risky, the digital option is an economical solution. The spread on the digital metals (difference between the bid and ask price) is generally much tighter compared to the spread on physical metals.

Q: How Can I be Sure One Gold is Safe to do Business With?

A: OneGold was created by one of the most trusted names in precious metals, APMEX, Inc., as well as one of the largest names in the investment industry, Sprott Inc. With more than 50 years of combined experience, both companies have a long-standing history of best-in-class performance in quality products, solutions and customer care .In addition, OneGold contracts with reputable insurers to protect against loss of product, cybercrime and many other risks to ensure transactions are protected.

Q: How Do I Know Your Web Site is Secure?

A: OneGold takes security very seriously. OneGold also uses industry standard encryption technology and secure data transfer protocols to protect your account information when you transact with us. With two-factor authentication enabled, as well as a login history, you will always be alerted if an unknown device attempts to access your account. You'll be able to conduct fully-protected transactions that encrypt and tokenize all your personal information, including credit card number and banking information, so it cannot be read as the information travels from you to OneGold. Furthermore, all the customer data we collect is protected against unauthorized access. Employee access is heavily restricted and we require background checks on all employees.

Q: How Do I Know my Metals are in a Secured Storage Location?

A: Canadian Gold and Canadian Silver are stored at the Royal Canadian Mint (RCM). The Royal Canadian Mint has more than 100 years of experience in providing secure precious metals storage services. The RCM maintains its own insurance policy for loss, damage or destruction of precious metals while in its care as part of its risk management program. In the event of a loss, the RCM, a wholly owned Crown corporation of the AAA credit-rated Government of Canada, would reimburse its customers per the terms of its agreements.

U.S. Gold, U.S. Silver and U.S. Platinum are allocated and segregated in a secure tier one vaulting location managed by APMEX, Brinks or Loomis. Switzerland Products are allocated and segregated in a secure tier one vaulting location managed by Loomis. U.S. Products and Switzerland Products are fully insured against theft and physical loss by Lloyds of London, the world's leading insurance broker and risk adviser.

My added comments: I have used One Gold to hold some physical silver for a couple of years with no problems. I was able to link my bank account to my One Gold account so that transfer of funds back and forth was no problem. One Gold allows you to own some physical gold or silver without having to store it. It is also in a very liquid digital form in your account so that you can sell metals and transfer back cash very easily if desired. They use two factor authentication to sign in to your account for added security. If you want to, you can also choose to convert your vaulted digital gold or silver into actual physical gold or silver products and take delivery from Apmex. I have not used that option, but they do offer it. All of those features appealed to me, so I have used One Gold and liked it.

People who like Bitcoin and have interest in precious metals should look into One Gold. It offers the convenience of owning a digital form of actual gold, silver and platinum and a lot of flexibility in terms of holding long term, trading, or converting back to cash. It is easy to do using an online One Gold account. One Gold also accepts Bitcoin for account funding. They maintain a bid and ask price all the time so you can buy at the ask price or sell at the bid price any time in your account. The spread between the bid and ask price is reasonable and usually less than it is for actual gold and silver coins. For holding long term, the storage fee is quite reasonable. I pay $5 per quarter for that fee on what I hold in silver for example, and the silver is vaulted and protected by the Royal Canadian Mint.

Full disclosure: I bought some silver in One Gold at around $16 per ounce in 2019. At the current silver price (Feb 2021) I have a 30% annual return on money I had just been holding as extra emergency cash that was earning no interest and have had no storage issues to worry about. Of course the return fluctuates with the price of silver. If you have questions for me about my experience with One Gold, feel free to email me at: texwhite1000@yahoo.com and I will answer them if I know the answer.

If you are thinking about opening an account with One Gold, please use the link below. They will give us both $5 for using this link. You can also research One Gold further from this link as well. I encourage that. Just scroll to the bottom of their page to find lots of useful info links (you can read the white paper pdf here). As long as you access the One Gold site to open an account using the link below (if the time comes that you want to do that), you should get the $5 gift offer from One Gold with a purchase of $100 of any metal.

Link to One Gold that offers a $5 pay back to both of us

Watch this four minute video for a quick summary of One Gold