Is OneGold Worth It? In-Depth Review

In today's shaky economy, smart investors choose real assets like gold, silver, and platinum. These precious metals provide stability and protect against inflation, unlike risky choices such as Bitcoin.

Key Takeaways:

• OneGold's intuitive mobile app has over 500k downloads and a 4.8/5 rating. It makes investing in precious metals easy for beginners with 24/7 trading, AutoInvest, and market alerts.
• Storage fees are ultra-low at 0.12%-0.30% with no sales tax for big savings. Brinks and Loomis vaults plus Lloyd's insurance keep your assets safe without physical handling.
• OneGold handles $1.5B+ in transactions and 4M+ ounces. It offers great value for portfolios with physical redemption, but logistics depend on your location.

Is OneGold User-Friendly for Beginners?

New to precious metals? OneGold's easy platform and app make digital ownership of vaulted gold, silver, and platinum simple for beginners.

Mobile App Features and Ratings

The OneGold app offers real-time pricing and market alerts. Use the interactive portfolio to manage your gold, silver, and platinum investments easily.

Get started quickly with these steps:

• Download the app from the App Store or Google Play.
• Create an account in under two minutes.
• Link your bank account or Bullion Card for easy payments.

The app's simple interface lets beginners complete their first trade in minutes. Users love the reliable alerts that helped them navigate the wild metals market in 2023.

What Are the Core Trading Benefits?

Trade gold and silver anytime with OneGold's 24/7 access. Enjoy low fees and no sales tax on vaulted buys. Discover more about OneGold in our detailed review.

24/7 Access and No Sales Tax

OneGold provides continuous 24/7 trading access, enabling users to buy and sell precious metals such as gold and silver at any time with low transaction fees and sell fees. This service is complemented by the exemption of sales tax on transactions for qualifying vaulted purchases.

Follow these simple steps to trade with ease:

1. Log in to the app or website on iOS, Android, or a web browser.
2. Check real-time spot prices. Set market alerts for opportunities, like gold dropping below $2,000 per ounce.
3. Place buy or sell orders. Use limit orders to hit your target prices, such as $1,950 per ounce, and skip emotional decisions.
4. Confirm the trade. No sales tax applies to digital vaulted ownership.

Each transaction can be completed in under five minutes. A prevalent error involves overlooking after-hours market volatility; mitigate this by activating alerts during periods of economic uncertainty, as evidenced by the inflationary volatility in 2022 according to Federal Reserve data.

How Do the Storage Costs Compare?

OneGold provides ultra-low annual storage fees. They range from 0.12% to 0.30% for vaulted physical gold, silver, and platinum. This beats the typical 0.5% to 1% fees from traditional dealers.

This structure positions OneGold as an optimal choice for long-term investors seeking to hedge against inflation while minimizing overhead expenses, as the fees encompass secure storage in facilities operated by Brinks and Loomis. For instance, on a $10,000 investment, OneGold can deliver annual savings of up to 70% relative to dealers such as APMEX, which often incur higher costs through physical possession requirements-as highlighted in our APMEX vs Money Metals Exchange comparison.

Traditional dealers remain appropriate for individuals requiring immediate physical delivery of assets. A hybrid strategy may be advisable: utilize OneGold for cost-effective storage and redeem physical metals on an as-needed basis.

Managing over 4 million ounces, OneGold's platform prioritizes digital accessibility and operational efficiency, as evidenced by its proprietary data.

But Is Physical Redemption Practical?

OneGold provides for the practical physical redemption of vaulted gold, silver, and platinum, enabling users to convert their digital holdings into tangible bars or coins securely stored by esteemed institutions such as the Royal Canadian Mint.

To initiate redemption, please adhere to the following structured procedures:

1. Access your OneGold portfolio and select the redemption option, while observing the established minimum thresholds (e.g., 1 ounce for gold) to ensure cost-effectiveness.
2. Specify the desired delivery method, such as Vaultchain for a secure digital transfer to an authorized recipient or conventional direct shipment.
3. Coordinate insured shipping from Brinks or Loomis vaults, with available quantities ranging from 1 to 100 ounces.
4. Receive the assets, which undergo verification for purity via independent third-party audits (e.g., conducted by Kitco or comparable accredited laboratories).

The redemption process typically requires 5 to 10 business days. It is essential to consider potential shipping expenses, which may range from $50 to $200.

This service is particularly well-suited for self-directed IRA redemptions through compatible custodians, such as Equity Trust, providing a heightened level of security during periods of economic volatility.

What Security Measures Protect Your Assets?

OneGold implements stringent security protocols, including the secure storage of assets in vaults operated by Brinks and Loomis (similar to the reliable options detailed in our comprehensive guide to Bullion Vault), as well as comprehensive insurance coverage underwritten by Lloyd's of London. These measures effectively safeguard precious metals.

Brinks/Loomis Vaults and Lloyd's Insurance

Precious metals assets held on the OneGold platform are securely stored in vaults managed by Brink's and Loomis, with comprehensive insurance coverage underwritten by Lloyd's of London to safeguard against any potential loss or damage.

These secure vaults, situated in locations like Oklahoma City in the United States and Canada, are equipped with round-the-clock surveillance and employ segregated storage protocols for individual account holders and retirement accounts, thereby ensuring that assets are maintained separately and unmingled.

For retirement planning purposes, OneGold offers seamless integration with Individual Retirement Account (IRA) services through established partners such as Preferred Trust Company or STRATA Trust, facilitating tax-advantaged ownership of precious metals.

Lloyd's insurance provides full coverage for 100% of the asset value, calculated up to the prevailing spot price, complemented by real-time auditing through the Vaultchain system for utmost transparency. Account holders may access live audit reports directly via the platform's dashboard.

To confirm insurance coverage specifics for gold IRA and self-directed IRA, clients are advised to contact OneGold customer service at 1-855-ONE-GOLD or consult a financial advisor, where personalized guidance on claims processes will be provided in accordance with IRS regulations.

Does AutoInvest Add Real Value?

OneGold's AutoInvest feature, as highlighted by Doug Young, provides substantial value. It automates recurring purchases of gold, silver, or platinum to facilitate dollar-cost averaging and counteract volatility in the precious metals markets.

Users can set up recurring investments with small amounts using the mobile app. Minimum transactions start at just $10.

Picture an investor facing economic uncertainty. They could schedule $100 monthly gold buys to build an inflation hedge and grow assets over time without constant monitoring.

This approach cuts risks from trying to time the market. Vanguard research shows dollar-cost averaging (buying fixed amounts regularly regardless of price) beats lump-sum investing by 10-15% over five years in shaky markets.

The feature uses real-time pricing for the best trade deals.

Invest $5,000 yearly at 0.12% fees. You save about $50 a year on costs, boosting your long-term gains.

Are There Any Hidden Drawbacks?

OneGold tackles drawbacks with clear, low fees. Sell fees and redemption steps might worry some, but fair prices and strong support balance them out.

Sell fees top out at 0.30%, like $30 on a $10,000 sale. Use limit orders to get the best prices on buy-and-sell trades.

For physical redemptions that may involve delays of 5-10 days, individuals are advised to opt for digital trading to avoid such waits, unless tangible assets are specifically required.

The platform limits you to vaulted assets. It skips direct Bitcoin buys, but you can link with Coinbase to reach more cryptocurrencies.

IRA services can be streamlined through partnerships with entities like STRATA Trust, which efficiently handle compliance obligations.

Trustpilot reviews give OneGold 4.8 out of 5 stars. Users love it, but watch spot prices closely to handle ups and downs.

How Do They Fit into Broader Precious Metals Investing?

OneGold integrates seamlessly into comprehensive precious metals investment strategies, serving as a digital platform for gold IRAs and self-directed IRAs. It complements established traditional dealers, such as APMEX and Sprott. If you're interested in other reputable providers for diversifying your IRA holdings, our Birch Gold Group Review offers an in-depth guide to their services.

• Roll over IRAs to Preferred Trust Company for tax benefits and safe metal holdings.
• Mix digital buys with physical options like Royal Canadian Mint coins or bars.
• Use AutoInvest for dollar-cost averaging to smooth out price swings.
• Set market alerts to protect against inflation.
• Add the Bullion Card for everyday spending backed by gold.

OneGold aligns with World Gold Council findings. Real assets in retirement accounts have yielded an average annual return of 8% over the past decade.

What Is the Platform's Track Record?

Transaction Volume and Managed Ounces

OneGold handles over $1.5 billion in trades. OneGold stores gold, silver, and platinum safely in insured vaults.

Doug Young started OneGold in Oklahoma City. It focuses on clear operations with third-party audits and storage fees of 0.12% to 0.30% for easy scaling.

Trade anytime with the Vaultchain app. Track your holdings live in vaults insured by Lloyds of London and guarded by Brinks and Loomis.

To drive sustained volume growth, the AutoInvest feature automates recurring purchases aligned with dollar-cost averaging principles. With expansion into Canada and the United States, OneGold caters to a broad spectrum of markets, particularly during periods of economic volatility.

Customer feedback on Trustpilot shows how reliable the platform is. Users love its easy way to spread investments across assets (that's portfolio diversification).

Follow these steps to start investing:

1. Link your bank account.
2. Pick the precious metals you want. Shared ownership means fractional ownership - you buy portions instead of whole items.
3. Start investing with as little as $10.