Precious Metal Industry Leaders APMEX & Sprott Launch OneGold, First Online Marketplace to Securely Buy, Sell & Redeem Digita...
November 12 2018 - 7:00AM
Business Wire
OneGold marketplace built to meet unique needs
of precious metal investors, reflecting APMEX and Sprott’s decades
of experience and deep knowledge
OneGold’s digital gold combines key investment
benefits of physical gold with those of blockchain-based digital
assets
Investors who have bought or considered buying
precious metals or cryptocurrencies are encouraged to learn more
and create a free account today at OneGold.com
APMEX, Inc. and Sprott Inc. (TSX:SII), leaders in the precious
metals industry, today announced the launch of OneGold.com, the
first online marketplace to securely and conveniently buy, sell and
redeem digital gold and other precious metals. Both partners bring
decades of experience and knowledge to OneGold: APMEX is a leading
precious metals e-retailer, with more than $10 billion in sales and
1.5 million customers; Sprott is an alternative asset manager and a
global leader in precious metal and real asset investing with more
than $7.5 billion under management.
“This launch is a major milestone for both our companies as we
enter the next era of precious metal investing,” said Ken Lewis,
CEO of APMEX. “Providing security, convenience and efficiency is
the mission of OneGold. This is reflected in the technology and
design of the marketplace, from the industry-leading VaultChain
blockchain ledger that immutably records ownership, to our choice
of the Royal Canadian Mint as the vault for physical precious
metals. Today we have launched with digital gold and silver, and
look forward to offering additional digital precious metal options
in the future. In the end, OneGold is unique because it was built
by precious metal investors for precious metal investors.”
Peter Grosskopf, CEO of Sprott, added, “We are excited to offer
precious metal investors a compelling new way to own metals.
There’s really only one kind of digital gold, and it’s not Bitcoin
or other cryptocurrencies. What differentiates the digital gold and
other precious metals available on OneGold is that they are all
backed by physical assets, and that customers can easily buy, sell
or redeem them for physical metal. Digital gold combines the
stability, risk diversification and long-term store of value
provided by physical gold with the security and efficiency of
blockchain technology, without the significant limitations of
Bitcoin or other cryptocurrencies.”
Some of the unique aspects of the OneGold online marketplace and
digital precious metals include:
- OneGold digital gold and silver are
fully-backed by physical metals held at the Royal Canadian
Mint;
- OneGold uses VaultChain, a secure,
immutable blockchain ledger developed by Tradewind Markets, the
leading innovator in distributed ledger and blockchain technologies
for digital precious metals;
- OneGold digital gold and silver are
100% redeemable for physical precious metals, delivered to
customers’ doors;
- Digital gold and silver can be bought
in any amount, at competitive prices with low transaction costs;
and
- OneGold.com is secure and accessible
24/7 on any device, allowing investors to buy, sell or redeem
precious metals at their convenience.
Investors are encouraged to learn more and create a free account
today at OneGold.com.
About APMEX, Inc.
For more than 15 years, APMEX has been one of the nation's
largest Precious Metals e-retailers, boasting over $10 billion in
transactions. APMEX has the largest selection of bullion and
numismatic items provided by a retailer, boasting more than 10,000
products. Product offerings include all U.S. Mint bullion such as
Gold, Silver and Platinum American Eagle coins. APMEX also sells
products from leading mints around the world including The Royal
Mint, Perth Mint, Royal Canadian Mint and many others. APMEX is a
member of the American Numismatic Association, the International
Precious Metals Institute and the Industry Council for Tangible
Assets. For additional information, visit www.APMEX.com or call
(800) 375-9006.
About Sprott Inc.
Sprott Inc. is an alternative asset manager and a global leader
in precious metal and real asset investments. Through its
subsidiaries in Canada, the US and Asia, the Corporation
is dedicated to providing investors with best-in-class investment
strategies that include Exchange Listed Products, Alternative Asset
Management and Private Resource Investments. The Corporation also
operates Merchant Banking and Brokerage businesses in
both Canada and the US. Sprott is based
in Toronto with offices in New
York, Carlsbad and Vancouver and its common
shares are listed on the Toronto Stock Exchange under the
symbol (TSX:SII). For more information, please
visit www.sprott.com.
About Tradewind Markets
Tradewind Markets has built a technology platform for digitizing
the ownership and trading of physical assets. The Tradewind
solution combines the world-class exchange technology of IEX, the
fair, simple and transparent stock exchange with a blockchain
application tailored for precious metals. Tradewind is operated by
a team of 22 professionals with extensive experience in electronic
trading, gold investment management, market operations and
blockchain technology, and has been financed by industry leaders
such as Sprott Inc., Goldcorp Inc., Agnico Eagle Mines Ltd.,
IAMGOLD Corporation, and Wheaton Precious Metals Corp. For more
information please visit tradewindmarkets.com.
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Gagnier CommunicationsJeffrey Mathews/Jeremy
Schulman646-569-5711onegold@gagnierfc.com
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