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APMEX onegold.com

Posted: Mon Feb 03, 2020 5:25 pm
by ppnewbie
Hi folks,

I have not been here for a while but have using the Permanent Portfolio. I wanted throw something out that just started up this year. APMEX onegold.com. The fees all seem much lower for allocated or pooled storage as well as storage outside of the country (Canada). Also the buy sell commissions are better than I have seen anywhere. Finally the physical redemption cost (redemption and shipping) are very good as well. I have a feeling things are so cheap because it's a new product. It's the best I have seen. If someone has used this product please post your impressions.

Thanks!

Re: APMEX onegold.com

Posted: Mon Feb 10, 2020 1:34 pm
by dualstow
I'm curious about it. I don't like that Sprott is the partner, though.
Have you ever taken physical possession?

Re: APMEX onegold.com

Posted: Tue Feb 11, 2020 1:12 pm
by ppnewbie
Actually, I am not a customer yet. For the large portion of gold I am buying IAU but would love a way to have a large cache of physical gold that is easily acquired, stored offshore, low cost over spot, easily sold, easily converted to physical gold from multiple locations, preferably fully allocated, and.....low cost of storage! How's that for a mouthful.

I did notice that Sprott is a major partner. Maybe for the Canadian side of the offering. What's your take on Sprott?

Thanks!

Re: APMEX onegold.com

Posted: Tue Feb 11, 2020 9:45 pm
by dualstow
I don’t know much about Sprott. Just that they took over another company I was holding — Central something — and after that the value of my shares seemed to sink. I should have sold before the takeover along with everyone else.

If you search the forum for ‘Sprott’ you’ll probably see complaints. From technovelist for one, if I recall correctly.

I’m biased against anything but physical gold these days. Trying to get rid of my IAU as well.

Re: APMEX onegold.com

Posted: Sat Feb 15, 2020 5:36 pm
by technovelist
dualstow wrote:
Tue Feb 11, 2020 9:45 pm
I don’t know much about Sprott. Just that they took over another company I was holding — Central something — and after that the value of my shares seemed to sink. I should have sold before the takeover along with everyone else.

If you search the forum for ‘Sprott’ you’ll probably see complaints. From technovelist for one, if I recall correctly.

I’m biased against anything but physical gold these days. Trying to get rid of my IAU as well.
Yes, I sold my CEF and GTU when Sprott took the first one over. He arranged a hostile takeover by overcoming the protections in place against that through what I thought were ethically dubious means.

Given that, I saw no reason to do business with any company he was in charge of.