OneGold

OneGold

OneGold

OneGold

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.

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Highlights

+5.53%

Asset Class Return30d

#4 Rank

In Gold30d

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OneGold Review

autor

Christy Rakoczy277 days ago

OneGold facilitates trading and storage of precious metals including gold, silver, and platinum.

Overview

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.

Things to Know

  • You make money on

    Value

  • Fees

    0.8%

  • Min Investment

    $1

  • Payout frequency

    Asset sold

  • Term of investment

    Zero

  • Target Return

    Varied

  • Liquidity

    Moderate

  • Open to

    All Investors

  • Mobile Application

    iOS, Android

Top Perks

  • All digital assets are backed by real, physical gold, silver, or platinum.

  • Combine the simplicity of buying and storing online with the security and peace of mind that comes with dealing with companies with a long-standing history in the precious metals industry.

  • IRA compatible, allowing any self-directed IRA account holder to set up and manage their precious metals account.

How you make money

OneGold offers four types of products, U.S. Products, Switzerland Products U.K Products, and Canadian Products. All of these products consist of physical investment grade retail products. Switzerland, Canadian, UK, 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. Through OneGold, you can earn a return through the appreciation over time of your gold, silver, or platinum.

How OneGold makes money

OneGold charges a quarterly fee on assets held in their vault. It is .12% of the average daily holdings of Gold and .3% of the average daily holdings of Silver and Platinum for the quarter.

Is it safe?

The supply and demand for gold and silver will constantly rise and fall (as will prices). But, you can’t quickly print out precious metals or change the terms of how much they are worth. What you own is what you own, and precious metals have been a form of currency for thousands of years. So, you know your coins will always be worth something.

When you fund your account and when you sell off your digital assets, the cash balance on your OneGold account is held at Wells Fargo Bank in an FDIC insured account.

  • Established

    2018

  • Country Available

    Worldwide

  • Assets Managed

    $8B

How You’re Taxed

Capital Gains

Capital Gains

Income Tax

Income Tax

Gold investments are classified as ‘collectibles’. Gains on gold held for one year or less are taxed as ordinary income—the same tax treatment as short-term capital gains (STCGs). Gains on gold held more than one year are taxed as long-term capital gains, except the maximum tax rate is 28%. Like physical gold, gold ETFs, traded on the stock market are taxed as collectibles (vs being taxed like stocks, which are subject to the long-term capital gains rate—typically 15% or 20%)

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