OwnX Review

Updated June 24, 2024

At a glance

overall

4.0

Overview

OwnX is a platform that enables users to buy, sell, and store precious metals like gold and silver, offering a secure and convenient way to invest in physical assets.


In the unpredictable US market, smart investing goes beyond just stocks. It's about making long-term, resilient choices. OwnX emerges as a guiding light for investors aiming for stability in economic downturns.

With inflation casting shadows, gold’s allure becomes evident. Savvy investors, noting Warren Buffet’s nod towards a gold IRA, ponder—how does OwnX render precious metals investment feasible for the typical American?

Key Takeaways

  • OwnX platform facilitates simplified precious metals investment for everyday investors.
  • Investing in a gold IRA is made user-friendly, countering the complex landscape of traditional precious metal acquisition.
  • Dollar cost averaging on OwnX allows for manageable, incremental investments, appealing to a broad range of financial capacities.
  • Physical delivery of accumulated metals provides tangible security in an increasingly digital investment age.
  • As inflation rises, OwnX's offerings become ever more critical for investors seeking to safeguard their financial future.

Consider Investing With Top Gold IRA Companies:

Fees: None

Min. Investment: $25,000

Fees: $180/year

Min. Investment: $5,000

Fees: $225/year

Min. Investment: $2,000

Understanding OwnX: The Gateway to Precious Metals Investing

OwnX is reshaping the financial scene, focusing on enhancing precious metals investments. It stands as both a dealer and a trading platform, simplifying gold investment for everyone. This approach makes investing in gold more straightforward and manageable.

What is OwnX and Who Can Benefit From It?

OwnX offers a comprehensive platform for buying, holding, and managing precious metals easily. It's ideal for those eager to invest in gold but lacking significant funds. With secure custody services in Delaware or Texas, investors get protection and secure storage for their assets.

The Founding Principle: Democratizing Gold and Silver Investments

OwnX's mission is to make gold and silver investments available to all, focusing on unaccredited investors. The platform allows buying precious metals in fractional amounts. This opens doors for portfolio diversification without major upfront costs. OwnX is thus expanding access to precious metals, helping many secure their financial futures.

  • Provides an accessible gold investment avenue for average investors.
  • Serves as a trusted custody service ensuring the safety of physical assets.
  • Operates as a comprehensive trading platform for buying and managing metals.
  • Enables significant portfolio diversification, crucial for financial stability.

OwnX marks a leap forward in precious metals investing, ensuring security and wider access. Through its ease of use and secure investment solutions, OwnX leads in integrating precious metals into diversified investment strategies.

Goldco is an industry leader in the precious metals space, offering a comprehensive approach to protecting your retirement savings in an ever-changing economic landscape.

ABOUT GOLDCO

  • Rated A+ by the BBB
  • Inc. 5000 Aware Recipient, 7+ Years
  • Money.com 2023 Best Customer Service
  • Earned over 5,000+ 5-Star Customer Ratings

An In-Depth Walkthrough of How OwnX Works

Starting your journey with OwnX is crafted for ease, focusing on a stellar user experience and financial security. We'll guide you through initiating your OwnX account and discuss how to buy and grow your precious metal holdings.

Getting Started: Account Creation and Verification

Creating your OwnX account is the first step in building your precious metals portfolio, ensuring financial security and compliance. The process entails a few simple steps:

  1. Go to the OwnX website and click on "Create Account."
  2. Enter your details, safeguarded by stringent data security protocols.
  3. Identity verification is required to activate your account. It boosts financial security and adheres to anti-money laundering legislation.

After setting up and verifying your account, you're poised to embark on your precious metals investment journey.

Investment Process: Purchasing and Accumulating Precious Metals

OwnX makes purchasing and accumulating precious metals adaptable to your investment strategy. It allows for monthly investments or substantial one-time buys, catering to diverse investment needs:

  • The Automated Monthly Purchasing Program lets you invest consistent, smaller amounts. It's designed for those utilizing a dollar-cost averaging approach.
  • For ad-hoc purchases, OwnX offers real-time precious metals pricing. This ensures you purchase at the latest market rates.

Every purchase is securely logged in your OwnX account, with comprehensive reports on your assets. Metals bought are stored in segregated facilities, ensuring security. They remain yours, under your control, ready for delivery or sale at your discretion.

Combating Inflation: The Strategic Advantage of OwnX Investments

In our time of economic flux, wise investors are turning to precious metals to guard against inflation. Warren Buffet, a key figure in investment, champions this strategy. He suggests a portion of wealth should be in precious metals for diversification and security.

OwnX stands out by offering a practical way to include these assets in one's financial planning, thus shielding against the detrimental impact of inflation.

Why Warren Buffet Recommends Gold as an Inflation Hedge

Warren Buffet, noted for his investment acumen, strongly backs gold as an inflation defense. He advises keeping at least 5% of net worth in precious metals. This highlights gold's critical role in preserving one's buying power during inflationary times. Gold thus serves both as a refuge from declining currency values and as a cornerstone of a well-rounded investment strategy.

Correlation Between Inflation and Gold Prices

The link between inflation and gold prices is profound. When inflation climbs, so does gold's value, affirming its role as a value store. This elevates gold's status as a reliable asset for wealth protection in uncertain economic times.

  • Gold's value retention is boosted by its scant supply and worldwide demand.
  • With inflation, paper money's buying power drops, making gold an attractive option for preserving capital.

OwnX provides an effective channel for adding gold and other precious metals to investment portfolios. It offers a way to mitigate inflation's impacts and enhance portfolio strength.

Transparent Fees Structure: Understanding the Costs of OwnX

Interested in investing with OwnX, it's vital to grasp the various fees involved. This includes costs for precious metal delivery, depository transfer, and other charges. Understanding these fees is crucial for informed investment decisions.

Delivery Fees and Depository Transfers

OwnX showcases a transparent fee structure, with costs clearly presented upfront. For deliveries to your door or transfers between security locations, the financial aspects are:

  • OwnX imposes a straightforward 1% fee on both precious metal deliveries and depository transfers. This fee aims for affordability and clear communication.
  • The delivery system for precious metals is streamlined for efficiency. It ensures the safe arrival of your silver or gold investments with little fuss.
  • Similarly, depository transfer fees are set at 1%. This facilitates the secure movement of assets between depositories to meet investor needs.

Special Considerations for Canadian Investors

Canadian investors navigate unique hurdles regarding cross-border precious metal investments. Being aware of these specific financial aspects is essential:

  • Key is understanding GST/HST potential impacts on precious metals transfers or receipts. These might not align with certain purity standards.
  • Canadians must also consider possible extra charges from international dealings or logistics. These could stem from Canada's specific regulations and tax requirements.

Grasping the cost components of joining OwnX assists investors in strategic planning. It aids in budgeting for initial buys and ongoing asset management.

Exploring Alternatives to OwnX: Other Gold Investment Options

For those aiming to diversify their gold investments beyond OwnX, the fintech world offers several options. Options like the Glint debit card and numerous gold ETFs ring in innovative ways to weave gold into investment plans. These alternatives lend dynamic approaches to embolden investors' portfolios with gold.

Investing Through Fintech: Glint's Gold Debit Card

The Glint debit card introduces an exciting avenue in gold investment within the fintech space. It lets users buy gold to use as currency via the card. This approach melds investment with daily financial use, making gold both an asset and spendable money. The Vaulted app partnership makes managing transactions and gold purchases smooth.

Gold ETFs and Gold Stocks: Diversifying Beyond Physical Gold

  • Gold ETFs: Gold ETFs emerge as a favorable pick for those wishing to tap into precious metals without managing physical assets. These ETFs mimic gold’s price, offering a clear, liquid investment pathway.
  • Gold Stocks: Gold stocks present a route to directly engage with the gold market’s movements. They involve shares in gold mining, refining, and trading companies, with growth potential linked to these firms' success and gold’s market behavior.

The breadth of these gold investment paths highlights the wide-ranging potential within the precious metals realm. Whether through the pioneering Glint debit card, trusted gold ETFs, or direct gold stocks, investors are presented with expansive options. These alternatives serve as stellar complements to typical gold holding methods, enriching investment strategies in the sector.

OwnX Review: Pros and Cons from an Investor's Perspective

The OwnX platform shines in the realm of precious metals investing due to its streamlined process. It offers significant benefits. Yet, it also presents its own set of challenges. An OwnX investment review unveils the good and the bad. This helps future users make choices that suit their investment strategies.

Pros

  • Accessibility and Entry Points: A major advantage is the platform's accessibility, welcoming novice investors into the metals market. It enables a wide demographic to secure their finances against economic uncertainties.
  • User Experience: The platform's design and functionality are applauded for their simplicity and user-friendly navigation. This ease of use from account creation to trade execution wins investor approval.
  • Educational Resources: OwnX offers educational content that demystifies the complexities of precious metals investing. It plays a crucial role in enabling informed investment decisions.

However, potential investors should consider some points:

Cons

  • Geographical Limitations: OwnX primarily serves the U.S. and Canada, excluding global investors from its offerings.
  • Costs Associated with Physical Assets: Owning physical gold and silver is appealing, but costs for storage and insurance can lessen overall investment attractiveness.

Prospective investors need to carefully balance these considerations with the OwnX platform's advantages. Fully understanding the benefits and possible disadvantages is crucial. It leads to informed decisions enhancing outcomes in the precious metals investment field.

Conclusion

For those deeply involved in the stock market, OwnX appears as a wise option. It offers a reliable way to shield against financial unpredictability through diversifying one's portfolio.

The platform offers an auto-investment feature and physical gold delivery, adding to its appeal by blending convenience with reliability. This breaks traditional barriers, inviting more people to invest.

To sum up, OwnX is essential for investors looking to broaden their horizons with the solidity and growth potential of precious metals.

QUICK SUMMARY

  • Services: Gold Dealer
  • Products: Gold, silver, copper, palladium and platinum
  • Promotion: None

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