OneGold Review

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OneGold is a digital precious metals platform built by two established industry names: APMEX, the Oklahoma City-based retailer with over $10 billion in lifetime sales, and Sprott, an alternative asset manager overseeing roughly $7 billion in client assets.

Together they created a platform where investors can buy, sell, and hold gold, silver, and platinum entirely online, without ever needing to physically touch a bar or coin. The metals are real, vaulted, insured, and redeemable. The trading happens on your phone at 2 a.m. if that is when you feel like it.

Key Takeaways

• OneGold offers fully insured, vaulted precious metals with storage fees as low as 0.12% annually for gold, well below most ETF management fees.
• The platform charges no transaction fees and keeps premiums consistent regardless of purchase size, giving smaller investors the same rates as large ones.
• Physical redemption is available at any time, with metals shipped through APMEX the next business day.

What OneGold Actually Is

When you buy gold on OneGold, you are buying a digital representation of physical metal held in an audited vault. It is not a futures contract, not an ETF, and not a certificate. Every ounce you hold digitally corresponds to an actual ounce sitting in a secure facility.

OneGold performs daily reconciliations between physical vault inventory and platform balances, and an independent third-party auditor (one of the top 10 global audit firms by revenue) verifies holdings twice per year.

Vault locations span four countries: the United States (APMEX, Brinks, Loomis International, and COMEX-approved vaults), Canada (the Royal Canadian Mint), Switzerland (Brinks and MKS PAMP in Kloten), and the United Kingdom. Investors choose where their metals are stored.

All positions held in the U.S., Switzerland, and U.K. are insured through Lloyd's of London. Canadian holdings are insured through the Royal Canadian Mint, a Crown corporation fully owned by the Canadian government.

The Fee Structure, Laid Out Plainly

OneGold's pricing is easier to understand than most competitors. There are no transaction fees for buying or selling. There are no fees that scale up based on purchase size.

The costs break down into two categories: a premium above spot price when you buy, and an annual storage fee.

Storage fees are billed quarterly, calculated against your average daily balance. There is a minimum of $5 per quarter regardless of holding size. A $100,000 gold position costs $120 per year in storage.

Most gold ETFs charge between 0.40% and 0.60% annually in management fees, which on the same $100,000 position would run $400 to $600 a year. The difference compounds over time.

Silver occupies more physical space per dollar of value than gold does, which is why its storage rate is higher. That is not a quirk of OneGold's pricing model. It is a physical reality of the metal, and any platform with transparent storage pricing will reflect the same logic.

How Trading Works Day-to-Day

Account creation is free and takes a few minutes. After signing up, investors browse products from the U.S., Canada, Switzerland, and the U.K., then buy using bank wire, ACH, check, credit card, or PayPal. Spot prices refresh every 60 seconds on the platform.

Trading runs 24 hours a day, seven days a week, including weekends and outside standard market hours.

A few features worth knowing about:

• AutoInvest schedules recurring purchases by dollar amount or ounce on a timeline you set. Useful for dollar-cost averaging without logging in manually each time.
• Limit orders allow purchases to execute automatically when a metal hits a target price.
• The Bullion Card is a credit card that earns 4% back in precious metals on OneGold purchases, marketed as the first precious metals rewards card in the industry.
• Switch and Save is a promotion for new users that may cover up to $1,000 in fees on a first purchase.

Selling works the same way buying does. Select what you want to sell, and the cash goes to your OneGold balance for withdrawal or reinvestment.

Redeeming for physical metal follows a standard e-commerce checkout through APMEX, with shipping typically happening the next business day. Gold can be redeemed in amounts as small as one gram.

Precious Metals IRA

OneGold supports self-directed precious metals IRAs through partnerships with several custodians: STRATA Trust Company, New Direction Trust Company, Preferred Trust, RocketDollar, and Kingdom Trust. Investors can also use their own preferred custodian if they have an existing relationship.

The IRA setup mirrors the standard account process. Choose a custodian, open and fund the IRA through new contributions or a rollover from an existing retirement account, then buy IRA-eligible gold, silver, or platinum through the platform.

OneGold does not charge transaction fees within an IRA account. Storage fees and premiums apply the same way they do for regular accounts.

OneGold provides the trading infrastructure and vaulting. It does not act as a custodian and does not offer financial advice. The custodian is always a separate, independently regulated entity.

Investors who want guidance on whether a precious metals IRA fits their retirement strategy should speak with a qualified financial advisor before proceeding.

Security and Transparency

Monthly inventory reports from vaulting partners are published publicly, so investors can verify what is in storage without waiting for an annual audit.

The twice-yearly independent audits provide an external check on those figures. Daily reconciliations catch any discrepancy between vault records and platform balances in real time.

All metals stored through OneGold are held in the investor's name. Full legal title stays with the investor, not the platform. That distinction matters in a liquidation scenario. 

If OneGold ceased operations, the metals in the vault would not be part of any corporate estate because they are not OneGold's property to begin with.

Customer support is available by phone, email, or live chat five days a week at (800) 492-9144.

What OneGold Does Not Offer

The platform focuses on gold, silver, and platinum. Investors looking for palladium, rare coins, or numismatics will need to look elsewhere. OneGold does not sell collectibles. The product range is deliberately narrow: investment-grade bullion, stored and traded digitally, with optional physical delivery.

There is no financial advisory component. OneGold gives you the tools to buy, hold, and sell. What to buy, how much, and when to sell is entirely up to the investor. For those who want portfolio guidance alongside a trading platform, that gap is worth factoring in before signing up.

Pros and Cons at a Glance

Who This Platform Is Built For

OneGold suits investors who want exposure to precious metals without the logistics of physical ownership. Storing gold at home creates insurance problems, security risks, and liquidity headaches. 

Buying a gold ETF solves the storage problem but removes direct physical ownership. OneGold lands between those two options: you own physical metal, a specific vault holds it on your behalf, you can sell instantly or request delivery, and the annual carrying cost comes in lower than most ETF alternatives.

It also works for investors who want to contribute to a precious metals IRA without navigating multiple platforms.

The ability to fund, buy, and manage a self-directed IRA from one interface, connected to regulated custodians, reduces the friction that often prevents people from adding metals to retirement accounts.

International investors should note that while the platform is accessible online, its vaulting locations, custodial partnerships, and IRA structures are built around U.S. and North American regulatory frameworks.

Those outside these markets should verify account eligibility and local tax obligations before opening an account.