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TL;DR: OneGold is a legitimate app and website for buying, storing, and selling insured gold, silver, and platinum, backed by two established bullion dealers, APMEX and Sprott. It charges a flat 0.30 percent over spot, runs an AutoInvest feature for recurring purchases, and secures accounts with two factor authentication. The catch for gold401k readers: OneGold does not offer a gold IRA, so a 401(k) or IRA rollover needs a self directed IRA custodian instead. Goldco is the one I personally use.
Product type: Digital precious metals investing through a website and mobile app, not a self directed IRA.
Who is behind the company: APMEX and Sprott, two well established bullion dealers, own and operate OneGold.
Can you use it for a 401(k) or IRA rollover: No. Neither APMEX nor Sprott offers gold IRA accounts through OneGold, so if you want to hold gold in an IRA, you will need a separate self directed IRA custodian.
The OneGold app is a platform for buying, selling, and managing investments in gold, silver, and platinum. Below, I cover what makes it stand out in the crowded digital gold market, and where it falls short if your actual goal is a gold 401(k) or IRA rollover rather than a personal trading account.
One Gold Review
OneGold gives you a mobile first way to buy, store, and sell insured physical gold, silver, and platinum, backed by two established bullion dealers rather than a single startup.
Let’s dive into exactly what services this company offers.
Platform Features and Specs
OneGold occupies a unique position in the digital gold market due to its exceptional features and specifications. It operates through a user friendly website and a mobile application available on Android and iOS platforms, making accessibility easy for everyone.
In terms of security, OneGold utilizes a two factor authentication approach, ensuring that users’ accounts are protected. Unlike some other platforms, OneGold does not hold any of your passwords, which greatly reduces the risk of potential security breaches.
One notable feature that I personally find very useful is the AutoInvest feature. This allows users to set up a regular investment amount and interval, automating the investing process and enabling dollar cost averaging. It eliminates the need to manually purchase gold every time, making it easier to manage investments and establish a bullion backed savings account.
Additionally, the OneGold app offers custom market alerts, which help users monitor their investment portfolios, track live prices, and get notified of significant market movements related to precious metals.
Performance and Durability
In my experience, OneGold performs seamlessly in handling transactions and storing digital gold. The platform’s speed and reliability are worth mentioning, as these features are critical in the fast paced investment world.
OneGold’s precious metals holdings are fully insured against theft and physical loss, providing additional security for investors.
OneGold also endures market fluctuations by offering transparent and competitive pricing, which is tied to the spot price of gold. This means when the market price rises or drops, OneGold’s pricing adjusts accordingly, keeping your investments fair and market relevant.
Product Comparison
Compared to competitors like GoldMoney and BullionVault, OneGold fares well in terms of ease of use, security, and affordability. OneGold makes it easy and convenient to buy gold through their platform, offering various payment options and instant access to your investments. While each platform has its commendable features, OneGold surpasses them in aspects such as user interface simplicity and ease of transactions.
Additionally, OneGold offers a bullion card that enhances the investment experience for users, especially those who engage in auto investing and require functionalities like limit orders.
Pricing and Value
OneGold offers a clear pricing model that adds a 0.30 percent charge to the spot price of gold. This makes it stand out in a market where pricing often contains hidden fees or complicated calculations. For me, this straightforward, easy to understand pricing model demonstrates significant value, making OneGold a worthy consideration for those venturing into the digital gold market.
Features of One Gold
OneGold’s standout features are AutoInvest for automated recurring purchases, two factor account security, and a flat 0.30 percent price above spot with no hidden fees.
OneGold shines in the world of digital gold investment platforms with standout features that make it ideal for both beginner and experienced investors. These highlights range from an array of investment opportunities, top level security, and unparalleled price transparency.
Investment Opportunities in Precious Metals
For investors who crave versatility, OneGold provides a haven. The platform tailors its services not only to seasoned gold investors, but also to individuals making their maiden voyage into precious metal investments. OneGold stands behind its mission to democratize precious metal investing with various investment options such as gold, silver, and platinum. Additionally, OneGold offers platinum products that are securely and insuredly stored in top tier global vaults, ensuring ease of purchase through a digital platform.
One of the standout elements I noticed here is the AutoInvest feature. As a busy individual, I found this option priceless. It allows me to automate my investments, setting up regular purchases that can fit my budget and investment goals. This feature is part of OneGold’s unique investment tools, which also include custom market alerts and real time access to market data. It’s like having your own personal gold buying assistant that never takes a day off.
Security and Custom Market Alerts
Moving on to security, OneGold gets significant kudos from my end. My precious metal investments felt safe and secure thanks to the platform’s state of the art security measures. OneGold stores precious metals in secure vaults, ensuring the safety and insurance of investments. With two factor authentication and the policy to avoid storing user passwords, the risk of security breaches remains decisively low. As a security conscious investor, these measures offer me an additional level of confidence in OneGold.
Price Transparency
Lastly, the feature that put a measurable distance between OneGold and its competitors is its commitment to price transparency. Unlike other platforms that are often associated with hidden charges and bitter surprises, OneGold maintains a clear pricing model. It charges a transparent 0.30 percent above the spot price of the gold, ensuring that investors are fully aware of the prices without needing to worry about sudden changes or hidden fees. OneGold also provides daily market news to keep investors informed about real time market conditions and precious metal prices. This straightforward pricing structure is, in my opinion, a shining feature that elevates OneGold in the murky waters of digital gold investments.
Advantages of One Gold
OneGold’s advantages come down to an easy interface, automated investing, strong account security, and transparent pricing.
Simple interface. Whether you use the website or the mobile app, account setup, buying, and selling are straightforward from the first login, which helps less tech savvy investors get comfortable fast. The mobile app also tracks live gold and silver prices with instant trading and real time alerts.
AutoInvest. Set a budget and interval once and OneGold will automatically invest in gold for you going forward, so you are not manually placing every purchase.
Two factor security. OneGold uses two factor authentication and does not store your password on its servers, which cuts down the platform’s most common breach risk.
Transparent pricing. A flat 0.30 percent charge over spot, so the price you see stays close to the price you pay even when the market moves.
Multiple metals. Gold, silver, and platinum are all available in one account, in line with the platform’s goal of making precious metals investing accessible to more people.
Stacked against GoldMoney and BullionVault, OneGold wins on ease of use, security, and affordability. Based on my own use, I would recommend it to anyone who wants a simple, secure, and affordable way to invest in gold digitally, outside of a retirement account.
Disadvantages of One Gold
OneGold’s biggest drawbacks are a narrow product lineup limited to gold, silver, and platinum, geographic limits on physical delivery, no peer to peer resale market, and a 0.30 percent spot markup that adds up on large purchases, so heavy or wide-ranging buyers may outgrow it.
Even though I genuinely appreciate OneGold’s commendable approach to digital gold investment, I need to mention a few areas where the platform could potentially improve. The objective here is not to discredit the platform, but to provide a balanced view to help you make a well informed decision.
The first concern is its limited product selection. While OneGold does offer gold, silver, and platinum, the options are comparatively fewer than some other platforms. For those interested in investing in a broader array of precious metals or specific coins and bars, OneGold might seem restrictive.
Another potential downside is the platform’s geographical restrictions. Not all services, like home delivery for physical gold, are available worldwide. Hence, investors from some regions might not be able to fully utilize all that OneGold has to offer.
One more thing that caught my eye is the absence of a peer to peer market. Some gold investment platforms allow users to sell their investments directly to other users, which can sometimes fetch a better price than selling back to the platform. OneGold doesn’t provide this feature, limiting the exit options for investors.
Lastly, although OneGold’s pricing is pretty straightforward, it’s worth noting that the 0.30 percent addition to the spot pricing might drive the cost higher than some expectations, especially for large volume purchasing.
Despite these considerations, remember that no platform is perfect, and the suitability of OneGold greatly depends on your investment needs and preferences. If the mentioned limitations align with your acceptance threshold, this digital gold investment platform can still serve as a smart choice for your portfolio.
User Experience with One Gold
OneGold’s user experience is strongest on navigation and support responsiveness, and weakest on self serve education for first time investors.
Being a user of One Gold for a fair period now, I can say that examining its user experience is a multi faceted task. Let’s delve into the intricacies of the platform, starting from website navigation and also supporting customer service.
Website and OneGold Mobile App Navigation
Navigation is OneGold’s strongest usability feature. Top level menu bars make signing up, depositing, buying, and checking your balance self explanatory, and market alerts notify you when gold, silver, or platinum prices reach the buy or sell targets you set. The site is fast and visually prioritizes the three metals you can hold, so picking an asset never feels complicated, even on a first visit.
The one real gap is education. OneGold does not offer a detailed FAQ section or tutorial videos for first time investors, so anyone new to online gold buying will want to understand the basics before they start.
Customer Service
Any platform’s user experience is significantly affected by the quality of customer service, and One Gold is no exception. On the positive side, I found the support team to be quite responsive. They feature a “Contact” option prominently on their website that opens up a form page. Here you can specify your query or issue, and I found the response time ostensibly speedy.
Another thing that I appreciated is that beyond the internet form, they also provide a phone number for direct contact, an option not always available with all digital platforms. This telephonic support certainly adds a human touch to their customer service.
However, an area of improvement could be their working hours. Currently, the support team is available only five days a week, which leaves the weekend investors in a lurch if they require immediate assistance. Expanding customer service availability over the weekend could considerably enhance the user experience.
All in all, One Gold’s overall user experience reflects its mission, to simplify online precious metal investments. As they continue growing and enhancing the platform, I have high hopes that they’ll be addressing the minor bottlenecks as mentioned before.
Performance of One Gold
OneGold performs consistently because every purchase is backed by fully allocated, audited physical metal, though pricing still moves with the broader precious metals market.
Scrutinizing the performance of OneGold is a pivotal part of helping potential investors grasp the full picture of what this platform has to offer. Here, we’ll delve into the key aspects of stability and profitability.
Stability
In the hectic and unpredictable world of investment, consistency and stability are of utmost importance. OneGold has demonstrated remarkable consistency in performance since its launch, showcasing its commitment to reliability and trustworthiness. OneGold ensures all investments are backed by physical metal, providing transparency and trust in the investment process.
OneGold achieves its stability through real time auditing. By partnering with globally recognized precious metals smelters and refiners, it ensures 100 percent backing of all digital assets. This means all gold you invest in through OneGold is securely stored, fully allocated, and regularly audited. This reduces the risk of inflation and makes certain that your investments are safe and sound.
However, it’s worth noting that although OneGold’s performance is generally stable, no investment is entirely risk free. The value of gold and other precious metals can fluctuate based on market trends. But as far as platforms go, OneGold’s commitment to security provides a much needed layer of protection for investors.
Profitability
Now let’s shift our focus to the profitability aspect of OneGold. In terms of return on investment, OneGold fares reasonably well in comparison to its competitors. Thanks to its transparent pricing model of a 0.30 percent charge on the spot price, you’re less likely to encounter hidden fees that detract from your profit.
One compelling feature that may enhance profitability is OneGold’s AutoInvest tool. The feature enables automatic regular purchases, so you can leverage dollar cost averaging in your investment strategy. This method, spreading out your investment over time, can safeguard against market volatility and enhance long term profitability.
However, keep in mind that the 0.30 percent fee on transactions could add up for large scale investors making substantial purchases. Therefore, you should factor this into your investment plans. Despite this, the platform’s various advantages position it as a profitable choice for anyone looking to invest in the precious metals market.
Comparison with Other Gold Investment Platforms
Against GoldMoney, BullionVault, and Kitco, OneGold wins on usability and pricing transparency, and gives up ground on product breadth and peer to peer trading.
When comparing OneGold to other platforms in the same niche such as GoldMoney, BullionVault, and Kitco, certain points stand out, both positively and negatively. All these companies operate on a global scale, providing a platform for users to invest in and trade precious metals, mainly gold.
OneGold’s standout factor is clearly its user friendly interface. As noted earlier, both their website and mobile applications are designed with usability in mind. For new clients who are starting their journey in gold investment, this is one less hurdle to cross. On the downside, GoldMoney and BullionVault offer more extensive product selection and Kitco offers a peer to peer market, which is lacking in OneGold.
Let’s take a closer look.
Ease of Use
Personally, I found the OneGold platform to be extremely user friendly. The layout is intuitive, with clear navigation menus and transparent pricing. Comparatively, BullionVault and GoldMoney’s platforms are sophisticated but can seem complex for beginners. Kitco’s platform is fairly user friendly but lacks the modern aesthetic of OneGold’s app.
Variety of Offerings
In terms of product selection, OneGold only offers gold, silver, and platinum. By comparison, GoldMoney offers a slightly wider range with the inclusion of palladium. BullionVault (gold, silver) and Kitco (gold, silver, platinum, palladium, rhodium) are in line with OneGold. However, BullionVault’s selection includes specific coins and bars, giving them a bit more variety.
Pricing
In a competition for the most transparent pricing, OneGold takes the lead. As I mentioned earlier, OneGold charges a 0.30 percent fee on top of the spot price. In contrast, BullionVault employs a tiered commission structure, which can effectively become a hidden cost. GoldMoney’s fees are somewhat hidden within the bid and ask spread, and Kitco has wide spreads which may not seem apparent to new investors.
Hands-on Experience with One Gold
Signing up and using OneGold firsthand was fast and simple, and both AutoInvest and customer support lived up to the platform’s reputation.
Signing up took only a few minutes, a welcome relief next to platforms that drag account opening out over days. Once inside, the dashboard stayed clean and informative rather than cluttered, and setting up AutoInvest with a budget and frequency took just a few quick clicks, though large scale buyers should still factor that 0.30 percent transaction fee into the math.
Customer service matched its reputation during my testing, with quick, knowledgeable responses through both the contact form and the phone line, weekend coverage aside. The same limitation from earlier still applies here too. OneGold’s product lineup and lack of a peer to peer marketplace put it behind GoldMoney and BullionVault for investors who want more range or a resale option. For anyone who wants simple, transparent precious metals investing outside of a retirement account, though, OneGold continues to impress in daily use.
OneGold Competitors
If OneGold isn’t the right fit, Monument Metals and BullionTradingLLC offer comparable digital gold products worth comparing.
You have many options when it comes to investing in gold. Monument Metals, (full review here) offers similar products, as does BullionTradingLLC.
Final Verdict on One Gold Review
OneGold earns a solid recommendation for straightforward, security conscious digital gold investing, with one hard stop: it will not work for a 401(k) or IRA rollover.
OneGold backs up its case with real strengths, strong security, transparent 0.30 percent pricing, an intuitive interface, and an AutoInvest feature that makes recurring purchases effortless. Customer service holds up its end too, even if weekend coverage is thin.
The shortcomings are real but narrow. A limited product lineup and no peer to peer resale market will bother investors who want more range or exit options, and heavy buyers should watch that 0.30 percent fee add up over large purchases. For gold401k readers specifically, remember that APMEX and Sprott do not run OneGold as a gold IRA, so it cannot receive a 401(k) or IRA rollover directly.
If you are investing outside of a retirement account and want a simple, secure, transparently priced way into physical gold, silver, or platinum, OneGold is worth a look. If your money is coming out of a 401(k), 403(b), TSP, or existing IRA, you need a self directed IRA custodian instead.
Before you leave, make sure you see which companies I’ve personally vetted and endorsed for gold investing.
>> Click Here for the list of ten best companies <<
Hopefully this review helped you make sound investing decisions. We aim to offer straightforward guides.
OneGold FAQ
Is OneGold legit?
Yes. OneGold is owned and operated by APMEX and Sprott, two well established, reputable bullion dealers, and it insures customer holdings against theft and physical loss while using two factor authentication to protect accounts.
What is OneGold?
OneGold is a website and mobile app for buying, selling, and holding physical gold, silver, and platinum. Pricing is a flat 0.30 percent above the spot price, and the AutoInvest feature lets you automate recurring purchases.
Can I hold OneGold gold in a 401(k) or IRA?
No, not directly. Neither APMEX nor Sprott offers a gold IRA through OneGold, and IRA eligible metal must sit with an approved custodian and depository under the fineness standard in IRC § 408(m)(3). To move 401(k) or IRA money into gold, use a self directed IRA custodian instead, per IRS Publication 590-A.
What does OneGold charge in fees?
A flat 0.30 percent added to the spot price of the metal you buy. OneGold does not otherwise advertise a separate account fee.
Does OneGold offer a peer to peer marketplace?
No. Unlike some competitors, OneGold does not let users sell directly to other users, so you sell back to the platform instead.
Who are OneGold’s main competitors?
GoldMoney, BullionVault, and Kitco, plus dealers like Monument Metals and BullionTradingLLC.
Disclosure: Companies featured on this page may compensate us for click throughs, which is how we fund free research for readers, and our full disclosure of who we have personally invested with is on this page.
By Tim Schmidt + Sean Webster Reviewed by Sean Webster
