OneGold
BobSav
Posts: 937 ✭✭✭
Does anyone know anything about or done business with a company called " OneGold ". ( Onegold.com )
Apparently they are owned or connected with AMPEX and Sprott Inc. Right now you can purchase Gold and Silver at 1% and 3% respectively. They claim total liquidity for all your holdings at any time.
Bob
Past transactions with:
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
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Comments
First I heard of them
if they "hold your gold for you in their vault" then the general consensus is not to do that.
Yepper, more like you're renting it from them.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Ugh. Argh.
Maybe a bit o spam.
I'll pass !!!
If the gold isn't in your possession, do you really own it?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I have not heard of them....Nor would I use such a service. I want my gold where I can touch it if needed... same with silver. Why pay them to store/hold your gold? Makes no sense...Cheers, RickO
two highly respectable names in the PM world. They've partnered to create a product that some investors prefer: outside storage and ease of trading. Sorta like the Kitco unallocated PM pool account. Sprott and Apmex are banking that their name recognition will make outside storage a little more acceptable.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
You own a "claim" to it. Claims are only as good as the party expected to honor it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Why that sounds like 'counter-party' risk...
oh - and LOL
I have played with OneGold, just to check it out. I am currently in the process redeeming what I had in in gold bullion.
I can answer any questions you may have. The process was interesting but not for me.
Excellent transaction with: ffcoins, Proofmorgan, fivecents, MorganMan94
Never heard of them.
Got a PM asking about my experience with OneGold. Here are the points I made.
A few things to note:
1) Money deposited from Paypal incurs a 3% fee.
2) Money deposited has to stay in the account for 60 days before you can redeem anything. No limits to how often you can buy, sell or switch investments within the account.
3) In order to redeem in metals you have to email them a copy of your drivers license to verify identity and address. This takes a few days to be verified.
4) Redeeming in metals is easy after that, you get the Apmex cheapest price (which is still spendy). Shipping is fast and free.
5) They had gold, even when it was hard to get anywhere else.
Excellent transaction with: ffcoins, Proofmorgan, fivecents, MorganMan94