OneGold launches card allowing spending of gold and silver holdings
1 report, 1 independent
Updated Oct 13
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What happened
OneGold, a Bullion International Group company, introduced the OneGold Card. This card allows customers to spend their gold and silver holdings wherever Mastercard is accepted, both in stores and online. The card instantly converts gold holdings at the current spot price without selling fees.
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Why it matters
The card removes a barrier to using precious metals for tangible goods and services, making gold as liquid as cash. Customers can use their metal holdings instantly, bypassing traditional processes like waiting for checks or transfers.
From mining.com
Who's involved
- MastercardThe payment network where the card is accepted
- Ken LewisCEO of Bullion International Group, who commented on the card's impact
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The entities involved
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Mastercard
American multinational financial services corporation