While metals markets are open across the world, precious metals prices can change from one moment to the next. A spot price is a snapshot at a given point in time, of the current spot market price for these metals. The spot price is based on paper contracts.

NOTE: In normal markets, the price for large bar physical bullion is very close to the “spot” price quoted on large bullion exchanges. However, recent market disruptions have caused a significant increase for actual physical bullion in large bar form over the quoted “spot” price, which is based on paper contracts. As market conditions return to normal, we expect this divergence to return to normal. 

Live pricing is obtained from a third-party data feed. A data feed is a mechanism for users to receive updated data from multiple sources. It requires structured data and a centralized data management system to collect, normalize and integrate multiple data feeds. Major providers include Thomson Reuters, FactSet, Capital IQ, and Bloomberg.

NOTE: In normal markets, the price for large bar physical bullion is very close to the “spot” price quoted on large bullion exchanges. However, recent market disruptions have caused a significant increase for actual physical bullion in large bar form over the quoted “spot” price, which is based on paper contracts. As market conditions return to normal, we expect this divergence to return to normal.

Each business day when the metals markets are open and actively traded, we acquire necessary quantities of precious metals to replenish metal that is allocated to each client making scheduled purchases. The price we receive becomes the OWNx base price. Over the years the OWNx Base Price has averaged within pennies +/- of the London Daily Fix for gold and silver.

You will find a complete list of historical prices here.

When you buy gold and silver through your dashboard via OWNx Automatic or OWNx Now, you will own a specific weight of a low premium “large bar.” 1000 oz. silver bars are .999+ and kilo gold bars are also .999+.  Silver purchases are measured in ounces, while gold purchases are measured in grains (there are 480 grains in a troy ounce). At any time you can convert that to a specific item and have it delivered to your home.

Platinum and Palladium work a little differently. You own a specific weight of 1 oz. bars, which are the same items that you would take delivery of if you choose to do so. There is no need to convert them to smaller items.

*For purchases made using a Canadian bank account, a small transaction fee of $1.75USD is deducted from the purchase.

To purchase metals on the OWNx platform you will need to link a bank account using either Plaid or via micro-deposits similar to the method Pay-Pal offers. You will then initiate transfers of cash to your OWNx cash account or schedule purchases that will be funded from that account.

Please note: Only one bank account can be linked to an OWNx account.

You can set up an Automatic schedule for as little as $25 per month. Purchases through our 24×7 Now dashboard have no minimum.

Our platform was designed to help you accumulate precious metals over time. Total lifetime purchases determine the premium over our cost for large bar precious metals bullion. The more you purchase, the lower your premium is. To learn more about how it works, just click here.

“Automatic Sell – Scheduled” : By selecting this tab you will schedule your sell to automatically happen at the next daily base price.
“Sell Now – Live” : by selecting this tab you will sell at the live price that is quoted to you.

Yes, your OWNx Cash Account is primarily used for purchasing gold and silver according to a live price by selecting “Buy Now – Live.”

When you sell metal, using “Sell Now – Live,” the proceeds are automatically deposited into your OWNx cash account. When selling using the Daily Base Price, you can choose to have the proceeds of the sale deposited into your OWNx Cash account.

There are three ways to deposit into your OWNx Cash Account.
1. From your bank account via ACH. From your Dashboard, select “OWNx Cash Account” then select the button “Deposit Cash To OWNx”
2. Via wire transfer (typically for larger amounts). Please call customer service for assistance.
3. When selling metal cash is moved into your OWNx Cash Account.

Yes, each client has “pass-through” FDIC insurance on the money that is deposited into their cash account, up to $250,000.

On a normal banking day, you have until 9pm (Central time) to schedule a deposit for the next banking day. After 9pm and on holidays and weekends, the earliest you can create a schedule for is +2 business days. I.e. scheduling on Friday at 10pm or on Saturday: the earliest you may select is Tuesday. Scheduling on Friday at noon: you may select Monday.

The funds will be available for you to purchase metal with, on the morning of the date that you scheduled the deposit to take place. You may use these funds to make a purchase using a live price transaction 24x7x365 without exception.

At any time, you may request a withdrawal from your OWNx Cash Account out to your verified bank account. Please allow 2-3 business days for the money to show up in your bank account.

Each delivery request must consist of at least 20 oz. of silver, 1/2 oz. of gold, 1 oz. of platinum, or 1 oz. of palladium.

From your homepage: Click on “Take Delivery”
Select which account and click “OK”
Specify the quantity of each form you want shipped to you
Scroll to the bottom of the page click “Submit Order”
After reviewing your delivery order, click “Submit Delivery Order”

Subject to individual item availability, we keep a wide selection of items from well-known mints and refiners. Visit our Delivery page for more information.

Large bars (1,000-oz Silver and Kilo Gold) and 1 oz. Platinum and Palladium bars come with free delivery.

All other items carry a premium (charged by the refiner or government) to fabricate them into smaller items such as coins and small bars. When you exchange your ownership of large bars (in the case of gold and silver) for these items, we pass that cost through to you with no additional markup. This, along with shipping, handling, and insurance make up the “exchange cost.”

For example, if the market price for silver is $20 per troy ounce and the American Silver Eagles cost an additional $3.00 per troy ounce for us to obtain, we merely pass that cost through to you. OWNx does not charge any additional fees or premiums in this process.

The exchange cost is currently paid as an additional amount of metal added to your delivery transaction.

The following information is important to know when taking delivery of your metal:

• Your package is fully insured and requires an adult signature.
• After 3 failed delivery attempts, the carrier will return your package to the sender.
• You may enter an alternate delivery address before submitting the delivery request.
• You may contact us if you are not going to be home and request a hold for pick-up at the nearest hold facility. This must be requested before the 3rd delivery attempt.
• A hold for pick-up must be picked up within 5 business days or the package will be returned to the sender.
• NOTE: Do not request delivery if you are leaving town.

Purchases made using Canadian bank accounts will take place in U.S. dollars. Exchange rates will be handled by the Canadian bank so that the transaction goes through at the specified U.S. dollar amount.
There is a small $1.75 transaction fee to cover our cost for Canadian banks

The Canadian government may impose a Goods and Service Tax/Harmonized Sales Tax (GST/HST) on precious metals entering Canada which do not meet a minimum purity requirement.

• Gold must be 99.99% pure and either government issued legal tender, or in bar form (this excludes Gold Eagles and Gold Krugerrands).
• Silver must be 99.9% pure and either government issued legal tender, or in bar form (this excludes silver rounds and 90% silver coins).
• Clearing companies charge fees for clearing international shipments and the rates and prices vary depending on the shipment.

Typically, orders ship within 7 business days. The delivery time may range between 1-7 business days from the date of shipment. You will receive an email notification from the carrier once your shipment has been initiated. 

There is a small storage fee of 0.05% per month regardless of which depository it is being stored in. This fee is deducted from your metals account automatically on the first of each month. For example, if you have 20 ounces of silver in your account, it would amount to .01 troy ounces of silver.

Your holdings are always allocated in your name, fully insured, and stored at world-class, non-bank depository facilities.

Current Locations:
Delaware (USA) – International Depository Services
Texas (USA) – International Depository Services

You choose which depository you want your metal stored in.

Learn more about storage.

OWNx charges a small fee of 1% per transfer to move your metal between depositories. To view a video on how to transfer your metals, click here.

OWNx provides you with your own rewards link or Share-Code that you can give to others when they sign up for their OWNx account. Once they do, up to 25% of the premium (markup) for their transactions is added to your account in silver, gold, platinum or palladium time they purchase. You will continue to be rewarded as long as you have made a purchase in the past month.

Simply start saving again and you will be eligible once more.

Log in to your account, roll your mouse over “Account Profile” in the top navigation bar then click on Share Now! You will then be presented with various methods on how to share. The Easy-Share method is the simplest way.

Log into your account, roll your mouse over “Account Profile” in the top navigation bar and click on My Rewards. For security purposes, you will not see individual names, but you will be shown the total number of people with whom you have successfully shared OWNx.

To qualify for Silver and Gold Rewards, you must have made a purchase within the last month. The other possibility is that your referral has created an account, but has not made any transactions yet.

Sensitive information such as password, bank information, and answers to your security questions are encrypted and stored in a secure location with strict access controls. Information transmitted between you and OWNx.com is also encrypted. Encryption on the website site is powered by Digicert.

Your privacy is very important to us and is safeguarded by our Privacy Policy which you can view here.

Your precious metals are safely stored and fully insured at a world-class, non-bank depository.

There are several differences, but “unallocated” versus “allocated” is the central difference between a “pool account” and OWNx.

Allocated:

This is how OWNx operates. Allocated silver or gold is very simple. The metal is held on behalf of the account holder under a custody agreement. It is held at a depository and is registered in your name as your property. The metal is neither the property nor liability of the depository. With this type of agreement, it is not subject to any third party creditors. You initiate every transaction via secure.OWNx.com. At the time the transaction is completed, ownership transfers from OWNx to you and is held in custody at one of our non-bank depositories, until at your instruction, you decide to sell your metal back or initiate delivery exclusively via secure.OWNx.com.

Pool:

OWNx does not operate using pool accounts, though other dealers do. In a pool or “unallocated” account the account holder does not have title to the silver or gold he/she has “purchased.” Rather, in reality what the investor has “purchased” is an asset or claim to a certain amount of silver or gold. So essentially, in an unallocated account you are promised a defined amount of silver or gold. (“Your” metal is simply a liability on the balance sheet of the bank or company). There may or may not be physical metal held to back the purchase and if there were it could conceivably be leased out to generate interest for the bank or company with the expectation of it being returned if needed. What this means is, you could find yourself standing in line with all of the other unsecured creditors in the event of financial problems or insolvency of the purveyors of this type of account.

In the highly unlikely instance that OWNx is unable to replenish “big bar” inventory at a given time, OWNx would inform all account holders and temporarily suspend all scheduled incoming funding until the situation was resolved. (Remember as well, YOU have complete control to change or remove your scheduled purchases via OWNx.com at any time) This would NOT affect your metal held in custody by the depository. Your purchased metals would be held safely in the depository until you submit instructions via OWNx.com. When metal availability is restored, we would notify all clients allowing you to re-activate your schedules.

No. This must be done through a will just like any other physical asset you own.

First, create an account where you select “Trust” as the account type.

Also, please email the following to our team at service@ownx.com:

– The first page of the trust agreement
– Signature page
– Government Issued ID

Once we review the documents we will email to let you know we have received them or if further information is needed.