Mr. Peter Grosskopf reports
PRECIOUS METAL INDUSTRY LEADERS APMEX AND SPROTT LAUNCH ONEGOLD, FIRST ONLINE MARKETPLACE TO SECURELY BUY, SELL AND REDEEM DIGITAL GOLD AND OTHER PRECIOUS METALS
APMEX Inc. and Sprott Inc. have launched the OneGold website, the first on-line 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, chief executive officer 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 on-line 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-per-cent 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;The website is secure and accessible 24/seven 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 the OneGold website.
About Sprott Inc.
Sprott is an alternative asset manager and a global leader in precious metal and real asset investments. Through its subsidiaries in Canada, the United States 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 U.S.
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