Onetroyounce.com Reviews

From an Islamic perspective, dealing in precious metals like gold and silver is permissible under specific conditions, primarily concerning riba interest and gharar excessive uncertainty. The website explicitly states “Payment by Bank transfer only,” which, depending on the nature of the transfer and its underlying structure, could involve interest-based banking systems. Furthermore, the concept of “investment” in physical commodities can sometimes blur the lines into speculative practices if not managed carefully. The website also lists “Nebü Bullion Jewellery,” which, while being 24K gold, falls under the category of jewelry—a topic that requires careful consideration regarding modesty and adornment in Islam, particularly for men. While the website presents itself as a straightforward platform for acquiring tangible assets, it’s always recommended for individuals to seek guidance from qualified Islamic scholars on the permissibility of specific transaction methods and the broader implications of such investments in their personal financial planning. Better alternatives for wealth preservation that align with Islamic principles often include direct ownership of productive assets, ethical businesses, and halal equity investments, focusing on real economic growth rather than speculative gains.

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IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Onetroyounce.com Review & First Look

Upon an initial review of Onetroyounce.com, the website presents a clean, professional interface primarily focused on selling physical gold, silver, and platinum.

The layout is straightforward, making it relatively easy to navigate through their product categories.

The site immediately highlights real-time precious metal prices for gold, silver, and platinum in Euros, indicating a European market focus, specifically mentioning Ireland for competitive pricing.

Initial Impressions of User Experience

The website’s design is intuitive, with clear product categories and prominent calls to action.

The inclusion of current metal prices at the top of the page is a useful feature for potential buyers. Appliance.io Reviews

However, the site’s simplicity in design might also mean a lack of in-depth educational resources that some first-time precious metals buyers might seek.

• Homepage Clarity: The homepage clearly showcases featured products and key selling points like “Zero VAT in the EU” for gold coins and insured shipping.
• Product Presentation: Each product listing includes a clear image, name, and price, with options for viewing all items in a category.
• Minimalist Design: While functional, the design is minimalistic, which can be a pro for some users seeking direct access to products but a con for others looking for extensive market analysis or educational content.

Transparency in Sourcing and Pricing

Onetroyounce.com emphasizes sourcing products from LBMA London Bullion Metals Association certified suppliers, which is a significant trust factor in the precious metals industry. This certification assures that the metals meet stringent quality and ethical standards.

• LBMA Certification: This is a crucial indicator of legitimacy and quality in the precious metals market, ensuring that the gold and silver are from reputable sources and meet international standards.
• Pricing Structure: The website states that all prices include “Insured UPS shipping and secure payment fees,” which is a transparent approach, avoiding hidden costs. This bundled pricing can simplify the purchasing decision for customers.
• VAT Information: For EU customers, the mention of “Gold Coins are Zero VAT in the EU” is a key piece of information, highlighting tax benefits that could influence purchasing decisions. Conversely, silver and platinum coins and bars include 23% VAT, which is clearly stated.

Payment Methods and Customer Focus

The site explicitly states “Payment by Bank transfer only.” While this simplifies their payment processing, it might be a limitation for customers preferring other methods like credit cards or digital payments.

• Bank Transfer Only: This payment method is common for high-value transactions due to lower fees and increased security compared to other options, but it can also be less convenient for some users.
• Customer Service Emphasis: The “Why One Troy Ounce?” section highlights a commitment to “personal service with the best pricing,” aiming to foster long-term customer relationships.
• Target Audience: The mention of “our prices are amongst the most competitive in Ireland” suggests a primary focus on the Irish and broader EU markets.

Understanding the Precious Metals Market

The precious metals market, encompassing gold, silver, and platinum, operates globally, driven by a complex interplay of supply, demand, economic indicators, geopolitical events, and investor sentiment.

While often seen as a safe haven, it’s essential to grasp the fundamentals. Bnnbusiness.com Reviews

Factors Influencing Precious Metal Prices

Several macroeconomic and geopolitical factors significantly impact the prices of gold, silver, and platinum.

Understanding these can help in evaluating the long-term potential and risks associated with such assets.

• Economic Uncertainty: During times of economic instability, recessions, or high inflation, investors often flock to gold as a store of value, driving up its price. For example, during the 2008 financial crisis, gold prices surged as investors sought refuge from volatile stock markets.
• Interest Rates: Generally, higher interest rates make non-yielding assets like gold less attractive compared to interest-bearing investments. Conversely, lower interest rates tend to support gold prices.
• Currency Strength: The US dollar’s strength often has an inverse relationship with gold prices. A stronger dollar makes gold more expensive for holders of other currencies, potentially dampening demand.
• Geopolitical Events: Wars, political instability, and major global events can trigger a flight to safety, increasing demand for precious metals. For instance, the ongoing conflict in Ukraine has contributed to gold’s resilience.
• Industrial Demand: For silver and platinum, industrial applications play a significant role. Silver is used extensively in electronics, solar panels, and photography, while platinum is crucial for catalytic converters in the automotive industry and in various technological devices. According to the Silver Institute’s 2023 report, industrial demand for silver reached a new high of 632.4 million ounces.

The Role of LBMA Certification

The London Bullion Market Association LBMA sets global standards for the gold and silver markets, ensuring the quality and integrity of bullion traded.

• Good Delivery List: The LBMA maintains a “Good Delivery” list of refiners whose bars meet stringent requirements for purity, weight, and form. This provides confidence that the metals are genuine and of high quality.
• Market Integrity: LBMA certification contributes to the overall integrity and transparency of the precious metals market, reducing risks associated with counterfeiting or sub-standard products.
• Ethical Sourcing: The LBMA also emphasizes responsible sourcing, encouraging refiners to adhere to strict ethical guidelines concerning human rights and environmental impact. This is increasingly important for conscious consumers.

Understanding Troy Ounce vs. Avoirdupois Ounce

It’s critical to distinguish between a troy ounce and an avoirdupois ounce, as this can impact perceived value and quantity.

• Troy Ounce: A troy ounce oz t is the standard unit of measurement for precious metals. One troy ounce equals approximately 31.1035 grams.
• Avoirdupois Ounce: This is the more common ounce used for everyday goods, where one avoirdupois ounce equals approximately 28.35 grams.
• Practical Impact: This difference means that a troy ounce is about 10% heavier than an avoirdupois ounce. When purchasing precious metals, always ensure the weight is specified in troy ounces to avoid miscalculations of value. Onetroyounce.com explicitly uses “One Troy Ounce” in its product descriptions, aligning with industry standards.

Onetroyounce.com Cons

While Onetroyounce.com offers a streamlined experience for purchasing precious metals, several aspects might be considered limitations or areas for potential concern, especially from an Islamic finance perspective. Hanoiexploretravel.com Reviews

It’s crucial to weigh these carefully before proceeding with any transaction.

Limited Payment Options

The website’s exclusive reliance on bank transfers as a payment method can be a significant drawback for some customers.

• Inconvenience for Some Users: Many online shoppers are accustomed to a variety of payment options, including credit cards, debit cards, or digital wallets like PayPal. The requirement for a bank transfer might deter those who prefer quicker, more automated payment processes or do not wish to share their bank details directly.
• Potential for Delays: Bank transfers, particularly international ones, can sometimes take longer to process compared to instant digital payments, delaying the dispatch of goods.
• Islamic Finance Considerations: While bank transfers themselves are neutral, the underlying banking system often involves interest-based operations riba. Engaging with such systems, even for permissible transactions like buying gold, can raise concerns for individuals strictly adhering to Islamic financial principles. Seeking financial services from Islamic banks or cooperative models Takaful that avoid interest is a better alternative.

Absence of Detailed Educational Resources

The website focuses primarily on sales, with limited educational content beyond basic product descriptions.

• Lack of Market Analysis: There’s no evident section for market news, historical price data, or expert commentary that could help buyers make informed decisions about market timing or trends.
• No Investment Guidance: For newcomers to precious metals, guidance on portfolio diversification, long-term vs. short-term strategies, or the role of precious metals in a balanced financial plan is absent. This gap could leave less experienced buyers feeling unsupported.
• Limited FAQs: While FAQs are present, they are relatively brief and focus on logistics rather than broader market insights or investment strategies. A more robust FAQ section could address common investor queries.

Minimum Order Requirements for Silver

The requirement for a minimum order of 10 items for silver coins might restrict smaller investors.

• Barrier to Entry for Small Investors: If someone is looking to purchase just one or two silver coins for personal collection or small-scale wealth preservation, this minimum order quantity can be a deterrent.
• Increased Initial Outlay: This requirement means a higher initial financial commitment for silver buyers compared to gold or platinum, where single items can be purchased. For instance, if a silver coin is €50, a minimum order of 10 means a €500 purchase, which might be too much for some.

No Clear Refund or Return Policy Details

While general shipping and payment information is provided, detailed information on return or refund policies is not immediately apparent on the product pages or in easily accessible sections. Lonelykidsclub.com Reviews

• Uncertainty for Buyers: A clear, explicit return and refund policy is crucial for consumer confidence, especially for high-value purchases. Its absence or lack of prominence can create uncertainty about what happens if a customer receives a damaged item or changes their mind.
• Industry Standard Expectations: Most reputable online retailers provide transparent policies regarding returns, exchanges, and refunds, including conditions, timelines, and procedures.

Investment in Jewelry Nebü Bullion Jewellery

The inclusion of “Nebü Bullion Jewellery” raises concerns from an Islamic perspective, particularly regarding the permissibility of gold for men and the general concept of excessive adornment.

• Permissibility of Gold for Men: In Islam, it is generally impermissible for men to wear gold jewelry. While purchasing gold as a store of value e.g., coins, bars is permitted under specific conditions, wearing it as adornment is usually restricted for men. The website does not specify if the jewelry is exclusively for women, potentially leading to confusion.
• Emphasis on Worldly Adornment: While permissible for women, focusing on high-value gold jewelry can sometimes lead to excessive materialism, which is discouraged in Islam. The emphasis should be on practical wealth preservation rather than ostentatious display. Better alternatives for wealth preservation that align with Islamic principles often include direct ownership of productive assets, ethical businesses, and halal equity investments.

Onetroyounce.com Alternatives

For those seeking to acquire precious metals or other forms of wealth preservation, there are numerous alternatives to Onetroyounce.com, each with its own advantages and disadvantages.

These alternatives can offer different payment options, product ranges, and customer service models, potentially aligning better with diverse needs and preferences.

Reputable Online Precious Metal Dealers

There are several well-established online dealers known for their wide selection, competitive pricing, and strong customer service.

• BullionVault: Offers direct access to institutional-grade gold, silver, platinum, and palladium in professional vaults around the world. Known for its low costs, secure storage options, and real-time trading. BullionVault stores over $4 billion in client assets.
• JM Bullion USA: A major online retailer in the United States, offering a vast selection of gold, silver, and platinum products, including coins, bars, and rounds. They often have competitive pricing and frequent sales.
• Goldsilver.com Mike Maloney: Founded by financial educator Mike Maloney, this platform offers not just precious metals but also extensive educational content on monetary history and economics.
• APMEX USA: One of the largest online retailers of precious metals, offering a huge inventory, competitive pricing, and a strong reputation for customer service and secure shipping. They claim to have served over 1.5 million customers since 2000.
• European Mint EU/Global: Based in Estonia, European Mint offers a wide range of precious metal products with international shipping, often catering to European customers with competitive pricing.

Local Coin Shops and Dealers

For those who prefer a more personal touch or immediate possession, local coin shops and dealers are a viable option. Monastore.com.mx Reviews

• Direct Interaction: You can inspect the product in person before purchasing and receive immediate possession. This can be reassuring for first-time buyers or those wary of online transactions.
• Expert Advice: Local dealers often have extensive knowledge of numismatics coin collecting and market trends, offering personalized advice.
• Payment Flexibility: Cash payments are often accepted, which might be preferred by some. However, prices might be slightly higher due to overhead costs.

Diversifying Beyond Precious Metals

From an Islamic perspective, while physical gold and silver can be permissible assets, a holistic approach to wealth preservation and growth should consider other halal investments.

• Real Estate: Investing in income-generating properties e.g., rental units or land is a tangible asset that can provide both capital appreciation and regular income, aligning with Islamic principles of productive assets.
• Halal Equity Investments: Investing in sharia-compliant stocks and mutual funds that avoid interest, alcohol, gambling, and other prohibited activities can offer growth potential and diversification. This involves investing in ethical businesses with real underlying assets.
• Halal Certificates/Sukuk: These are Islamic financial certificates that represent ownership in tangible assets or a share in a project, providing returns based on profit-sharing rather than interest.
• Ethical Businesses/Startups: Investing directly in ethical businesses that produce goods or services, particularly those that align with Islamic values, can be a rewarding way to contribute to the real economy and generate returns. This also aligns with the emphasis on productive capital.
• Agriculture and Farming: Investing in agricultural land or farming operations is a direct investment in a productive sector, generating real output and potentially providing food security.

How to Cancel Onetroyounce.com Subscription

Based on the information available on the Onetroyounce.com homepage, there is no indication of a subscription service, recurring payments, or a free trial period for their precious metal products. The website operates as a direct sales platform for individual purchases of gold, silver, and platinum coins and bars.

Direct Purchase Model

Onetroyounce.com appears to follow a traditional e-commerce model where customers make one-time purchases of specific items.

• No Recurring Billing: The product descriptions and payment methods bank transfer only suggest that each transaction is a standalone purchase. There’s no mention of memberships, automatic re-orders, or subscription boxes.
• One-Time Transactions: When you purchase an item, you pay for that specific item, and the transaction concludes once the payment is processed and the product is shipped.
• No Free Trial: Given the nature of selling high-value physical commodities, a “free trial” is not a standard offering in this market, and Onetroyounce.com does not advertise one.

Implications for “Cancellation”

Since there’s no subscription model, the concept of “canceling a subscription” as understood in a recurring service context does not apply to Onetroyounce.com.

• Order Cancellation: If a customer wishes to cancel an order after placing it but before it has been shipped, they would need to contact Onetroyounce.com’s customer service directly via email [email protected] as indicated on the website. The feasibility of cancellation depends on the order’s processing stage.
• Return Policy: For items already received, cancellation would fall under their return policy, which isn’t explicitly detailed on the main page. Customers would need to inquire about this directly with their customer service for specific conditions and procedures.
• Account Deletion: If a customer has created an account on the website and wishes to delete it, they would typically need to contact customer support. This is distinct from canceling a subscription.

In summary, if you are looking to “cancel” something with Onetroyounce.com, it would likely pertain to an existing order that has not yet been fulfilled, or perhaps an inquiry about a return for a received item, rather than discontinuing a recurring service. Always communicate directly with their customer service for any transaction-specific queries. Ingoldwetrust-official.com Reviews

Onetroyounce.com Pricing

Onetroyounce.com provides clear pricing for its gold, silver, and platinum products directly on its website, updated to reflect current market rates.

The pricing structure is designed to be transparent, incorporating several key costs into the advertised price.

Pricing Model and Transparency

The website lists prices for each product in EUR, reflecting its focus on the European market.

• Real-time Market Prices: The top of the homepage displays live spot prices for gold, silver, and platinum, indicating that product prices are linked to the fluctuating global market. For example, as of a recent check, gold was listed at €2922.09, silver at €29.28, and platinum at €952.76 per troy ounce.
• All-Inclusive Pricing: A significant aspect of Onetroyounce.com’s pricing is its “all-inclusive” approach. The website explicitly states:
  • “All prices include Insured UPS shipping and secure payment fees.” This is a strong positive, as customers know the final cost upfront without worrying about additional shipping or processing charges.
  • This transparency helps in direct price comparison with other dealers who might list lower base prices but add substantial fees later.
• VAT Implications:
  • Gold Coins: “Gold Coins are Zero VAT in the EU.” This is a major advantage for EU customers purchasing investment gold, making it more attractive.
  • Silver and Platinum: “Silver Coins and Bars Incl VAT 23%” and “Platinum Coins and Bars Incl VAT 23%” clearly state that these products are subject to a 23% VAT, which is included in the listed price. This honesty is commendable, as VAT can significantly impact the final cost of these metals in the EU.

Product Examples and Price Points

The website showcases a range of products across different price points, from fractional gold coins to larger bars.

• Gold Products:
  • Gold Eagle Coin – One Troy Ounce – 2024: €3,185.00 EUR
  • Gold Sovereign Coin – 7.32g – 2024: €756.00 EUR This is a smaller fractional coin, not a full troy ounce, reflecting a lower price point for accessibility.
  • Gold Bar – 50g – Pamp Fortuna: €4,932.00 EUR
  • These prices reflect the significant value of gold, with one-ounce coins typically ranging around the €3,000 to €3,200 mark, dependent on market fluctuations and specific coin premiums.
• Silver Products:
  • Silver Kangaroo Coin – One Troy Ounce – 2023: €50.00 EUR
  • Nadir 500-gram pure silver bar: €650.00 EUR
  • Silver prices are considerably lower per ounce than gold, making it a more accessible entry point for new investors, though Onetroyounce.com applies a minimum order of 10 items for silver coins.
• Platinum Products:
  • Platinum Maple – One Troy Ounce – 2023: €1,406.00 EUR
  • 100g – Platinum Bar – Valcambi: €4,110.00 EUR
  • Platinum generally sits between gold and silver in terms of per-ounce price, with significant industrial demand playing a role in its valuation.

Competitive Pricing Claim

Onetroyounce.com states, “Our prices are amongst the most competitive in Ireland.” Tablet-rentals.co.uk Reviews

• Due Diligence Required: While this claim is made, potential buyers should always conduct their own price comparisons with other reputable dealers, both within Ireland and across the EU, to verify competitiveness. Factors like premiums the cost above the spot price for specific coins or bars can vary significantly between dealers.
• Bank Transfer Discount for Platinum: The website mentions a “2% Bank Transfer Discount available to customers with this preference” for platinum, if they email [email protected]. This suggests a potential cost saving for a specific payment method on platinum purchases.

Overall, Onetroyounce.com’s pricing is transparent, clearly stating what’s included and the VAT implications.

The prices appear to be in line with market rates for physical precious metals, though direct comparison shopping is always recommended for high-value purchases.

Halal Alternatives for Wealth Preservation

While precious metals like gold and silver can be permissible assets in Islam, the methods of acquisition and the overarching financial philosophy are paramount. Instead of focusing solely on speculative gains or storing wealth in ways that might touch upon riba interest or gharar excessive uncertainty, Islamic teachings encourage investments in real, productive assets that benefit society and generate ethical returns.

1. Direct Ownership of Productive Assets

Investing in physical assets that generate income or have intrinsic use value is highly encouraged in Islam.

• Real Estate Residential & Commercial: Purchasing properties for rent, development, or even for personal use is a classic example of a productive asset.
  • Income Generation: Rental income provides a steady cash flow, making it a viable alternative to interest-based savings.
  • Capital Appreciation: Property values can increase over time, offering wealth growth.
  • Example: Owning a small apartment building or commercial units that generate monthly rent. In Q1 2024, the average rental yield in major European cities ranged from 3-5%, offering tangible returns.
• Agricultural Land/Farms: Investing in land for farming or agricultural production is an excellent way to contribute to food security and generate income from tangible output.
  • Real Economy Contribution: Directly supports the production of essential goods.
  • Long-Term Value: Agricultural land often retains its value and can appreciate.
• Small Businesses Halal Ventures: Investing in or starting businesses that offer permissible goods and services.
  • Partnership Mudarabah/Musharakah: Engaging in profit-sharing partnerships where capital is provided for a share in profits, rather than fixed interest. This embodies the true spirit of Islamic finance.
  • Ethical Operations: Focus on businesses that operate within sharia guidelines, avoiding forbidden activities like gambling, alcohol, or interest-based lending.

2. Halal Equity Investments

Investing in publicly traded companies that adhere to Islamic ethical guidelines. Empireanimate.com Reviews

• Sharia-Compliant Stocks: Investing in companies whose primary business activities are permissible and whose financial ratios e.g., debt-to-equity, interest-bearing assets fall within sharia limits.
  • Diversification: Provides exposure to various industries and markets without direct ownership of physical assets.
  • Growth Potential: Offers potential for capital appreciation and dividends from profitable, ethical businesses.
  • Example: Using platforms like Wahed Invest or IdealRatings to screen for sharia-compliant stocks and ETFs. In 2023, the S&P Global Islamic Index outperformed its conventional counterpart by 1.5%.
• Islamic Mutual Funds/ETFs: Funds that pool money from multiple investors to invest in a diversified portfolio of sharia-compliant stocks, managed by professionals.
  • Professional Management: Ideal for those who lack the time or expertise to research individual stocks.
  • Diversification: Built-in diversification reduces risk.

3. Sukuk Islamic Bonds

Sukuk are Islamic financial certificates, often compared to bonds, but they represent ownership in a tangible asset or a share in a project, generating returns from profit-sharing rather than interest.

• Asset-Backed: Sukuk are typically backed by tangible assets, providing more security than conventional bonds.
• Profit-Sharing: Returns are derived from the actual profits generated by the underlying asset or project, aligning with Islamic principles.
• Types: Can be issued by governments or corporations for various projects e.g., infrastructure, real estate. The global sukuk market reached over $800 billion in outstanding value by the end of 2023, indicating significant growth and availability.

4. Takaful Islamic Insurance

As an alternative to conventional interest-based insurance, Takaful operates on principles of mutual cooperation and solidarity, where participants contribute to a fund that is used to help those who suffer loss.

• Risk Sharing: Participants collectively agree to share risks and provide financial aid to each other.
• No Riba/Gharar: Avoids elements of interest and excessive uncertainty found in conventional insurance.
• Ethical Investment of Funds: Contributions are invested in sharia-compliant ventures.

5. Ethical Business Practices and Honest Trade

The foundation of Islamic finance is honest trade and transparent dealings, focusing on real economic activity.

• Direct Commerce: Engaging in buying and selling of goods and services where profits are generated through legitimate trade.
• Avoiding Speculation: Focusing on transactions where ownership and risk are clearly transferred, avoiding excessive speculation gharar.
• Zakat: Paying Zakat on wealth as prescribed in Islam is not just an obligation but also a mechanism for wealth redistribution and purification, contributing to societal well-being.

By exploring these halal alternatives, individuals can build a robust and ethically sound financial portfolio that aligns with their values, fostering sustainable growth and contributing to the real economy.

Onetroyounce.com vs. Other Precious Metal Dealers

When evaluating Onetroyounce.com, it’s insightful to compare its offerings and unique selling points against other established players in the precious metals market. Earlscourtgardenshotel.co.uk Reviews

Each dealer has its own strengths, whether it’s pricing, product range, customer service, or payment flexibility.

Onetroyounce.com’s Positioning

Onetroyounce.com appears to carve out a niche focusing on simplicity, transparency in bundled pricing, and catering specifically to the EU market, particularly Ireland.

• Strengths:
  • All-Inclusive Pricing: Including insured shipping and payment fees upfront is a significant advantage for transparency, eliminating hidden costs.
  • LBMA Sourced: Assurance of quality and authenticity from certified suppliers.
  • Zero VAT on EU Gold Coins: A major draw for European investors looking to buy investment gold tax-free.
  • Focused Product Range: By only listing “popular coins and bars,” they streamline the selection process, potentially appealing to those who don’t want to sift through hundreds of options.
• Potential Weaknesses:
  • Bank Transfer Only: Limits payment flexibility for some customers.
  • Minimum Silver Order: A barrier for smaller investors in silver.
  • Limited Educational Content: Less supportive for new buyers seeking market insights.
  • Geographic Focus: While a strength for the EU, it might not be ideal for global customers.

Comparison with Larger, Global Dealers e.g., JM Bullion, APMEX

Larger players often offer a broader range of products and services, but may also come with different pricing structures.

• Product Variety:
  • JM Bullion/APMEX: Typically boast vast inventories, including rare coins, pre-1933 gold, and various types of silver and platinum products, offering collectors and diverse investors more choices. JM Bullion alone lists thousands of unique items.
  • Onetroyounce.com: More curated, focusing on high-volume, easily fungible bullion.
• Payment Options:
  • JM Bullion/APMEX: Offer a wider array of payment methods, including credit/debit cards though often with higher premiums, PayPal, bank wires, and cryptocurrencies, catering to a broader customer base.
  • Onetroyounce.com: Limited to bank transfers.
• Shipping & Fees:
  • JM Bullion/APMEX: Often offer free shipping over a certain order value, but may have separate processing fees for certain payment methods. Customers need to calculate the final price carefully.
  • Onetroyounce.com: All-inclusive pricing simplifies the final cost for the customer.
• Educational Resources:
  • JM Bullion/APMEX: Provide extensive educational content, market news, historical charts, and investment guides, which are valuable for both novice and experienced investors.
  • Onetroyounce.com: Less emphasis on market education.

Comparison with Storage Providers e.g., BullionVault

Some platforms focus not just on sales but also on secure storage and easy trading.

• Ownership Model:
  • BullionVault: Allows fractional ownership of large bars stored in professional vaults, offering high liquidity and low storage costs. You own a share of a specific bar.
  • Onetroyounce.com: You purchase and take physical delivery of specific coins or bars.
• Access vs. Storage:
  • BullionVault: Ideal for investors who want exposure to precious metals without the hassle of physical storage or shipping. Access is digital, and physical withdrawal is possible but less common.
  • Onetroyounce.com: For those who desire immediate physical possession of their assets.
• Fees:
  • BullionVault: Charges trading commissions e.g., 0.5% on first $75,000 and annual storage fees e.g., 0.12% for gold, 0.48% for silver with minimums.
  • Onetroyounce.com: Charges premiums on products inherent in the listed price but includes shipping. no ongoing storage fees unless the customer arranges their own.

Conclusion on Comparison

Onetroyounce.com stands out for its direct, all-inclusive pricing model and EU-specific tax advantages for gold. Insightpetsolutions.com.au Reviews

It caters well to buyers who prioritize simplicity and clear final costs for popular bullion products.

However, those seeking a wider selection, diverse payment options, or extensive market education might find larger, more generalized dealers like JM Bullion or APMEX more suitable.

For investors prioritizing secure, liquid storage without physical possession, platforms like BullionVault offer a distinct alternative.

The choice ultimately depends on an individual’s investment goals, geographical location, and preference for product range and service features.

Addressing the ‘Nebü Bullion Jewellery’ Feature

The inclusion of “Nebü Bullion Jewellery” on Onetroyounce.com, offering 24K embellished and classic bangles and cuffs, warrants specific attention, particularly from an Islamic perspective. Predicomm.com Reviews

While the website presents it as an “investment in Timeless Elegance,” the nature of gold jewelry, especially for men, has specific rulings in Islamic law.

Islamic Perspective on Gold and Jewelry

In Islam, the permissibility of gold for men and the general emphasis on modesty in adornment are important considerations.

• Gold for Men Generally Forbidden:
  • A foundational ruling in Islamic jurisprudence states that it is generally forbidden for men to wear gold jewelry, including rings, chains, or bangles. This prohibition is based on numerous authentic narrations Hadith of the Prophet Muhammad peace be upon him. For example, a Hadith narrated by Abu Musa al-Ash’ari mentions that the Prophet said: “Gold and silk are lawful for the females of my Ummah and unlawful for the males.”
  • The wisdom behind this prohibition is often cited as discouraging extravagance, effeminacy, and the pursuit of worldly adornment that can distract from spiritual focus.
  • Impact on Onetroyounce.com: The inclusion of “Nebü Bullion Jewellery” with generic images means it’s not explicitly marketed for women only. This could lead male customers to purchase items that are impermissible for them to wear.
• Gold for Women Permissible with Conditions:
  • For women, wearing gold jewelry is permissible, as long as it is done within the bounds of modesty and does not lead to excessive extravagance or showing off.
  • The jewelry should not be worn to attract undue attention or violate the principles of hijab modest dress and behavior.
• Investment vs. Adornment:
  • Purchasing gold as a form of wealth preservation or investment e.g., in the form of coins or bars is generally permissible in Islam, provided the transaction adheres to sharia rules e.g., avoiding riba and ensuring qabd – immediate possession or constructive possession. This is distinct from wearing gold as adornment.
  • However, when gold is fashioned into jewelry for the purpose of wearing, it falls under the rules of adornment.

Implications for Customers

Given these Islamic rulings, potential Muslim customers considering the “Nebü Bullion Jewellery” section should exercise caution.

• Clarity Needed: The website does not provide any disclaimers or guidance regarding the permissibility of this jewelry for different genders, which might be helpful for a diverse customer base.
• Focus on Purpose: If the intent is purely wealth preservation, then gold bars or coins are generally the preferred and more straightforward option from an Islamic perspective, as they are clearly for investment and storage rather than adornment.
• Avoiding Imitation of Women: For men, wearing jewelry that is commonly associated with female adornment is also discouraged, even if it were made of a permissible metal like silver, due to the prohibition of men imitating women and vice-versa.

Better Alternatives for Wealth Preservation Reiterated

Instead of high-value jewelry for adornment, especially for men, better alternatives for wealth preservation that align with Islamic principles include:

• Physical Gold and Silver Bullion Coins & Bars: As discussed, these are permissible for wealth storage and investment, provided transactions are interest-free and ownership is clear. Onetroyounce.com’s other offerings fall into this category.
• Investing in Halal Businesses: Direct investment in ethical, productive businesses that deal in permissible goods and services. This contributes to the real economy and generates returns through profit-sharing.
• Real Estate: Purchasing properties that generate rental income or appreciate in value.
• Sharia-Compliant Funds: Investing in Islamic equity funds that screen out impermissible industries and financial practices.

By understanding these distinctions, Muslim customers can make informed decisions that align with both their financial goals and their religious obligations. The emphasis should always be on purposeful and ethical wealth management, rather than mere adornment that may cross permissible boundaries. Mtt-bd.com Reviews

Frequently Asked Questions

What is Onetroyounce.com?

Onetroyounce.com is an online retailer based in Ireland specializing in the sale of physical gold, silver, and platinum coins and bars, sourced from LBMA-certified suppliers, with prices including insured shipping and payment fees.

Does Onetroyounce.com offer free shipping?

Yes, according to their website, all prices listed include insured UPS shipping costs, meaning there are no additional shipping fees added at checkout.

What types of precious metals does Onetroyounce.com sell?

Onetroyounce.com sells gold, silver, and platinum in the form of coins and bars, including popular options like Gold Eagle coins, Silver Kangaroo coins, and Valcambi gold and platinum bars.

Are the precious metals sold by Onetroyounce.com authentic?

Yes, Onetroyounce.com states that all their products are sourced from LBMA London Bullion Metals Association certified wholesale suppliers, which ensures authenticity and adherence to global quality standards.

What is the primary payment method accepted by Onetroyounce.com?

Onetroyounce.com primarily accepts payment by bank transfer only, as stated on their product pages. Reclaim-yourcredit.com Reviews

Does Onetroyounce.com charge VAT on all products?

No, Gold Coins are Zero VAT in the EU.

However, Silver Coins and Bars, and Platinum Coins and Bars include 23% VAT, which is incorporated into their listed prices.

What is a troy ounce, and why is it important for precious metals?

A troy ounce is the standard unit of weight for precious metals, equal to approximately 31.1035 grams.

It’s crucial because it’s different from the standard avoirdupois ounce approx.

28.35 grams, and all precious metal prices are quoted per troy ounce. Muhpaws.com Reviews

Does Onetroyounce.com have a minimum order quantity for silver?

Yes, for silver coins, Onetroyounce.com applies a minimum order of 10 items.

Does Onetroyounce.com offer storage services for purchased metals?

Based on the website’s information, Onetroyounce.com sells and ships physical metals for direct delivery.

There is no mention of offering long-term storage services.

Customers are responsible for their own storage arrangements after delivery.

How can I contact Onetroyounce.com customer service?

While a specific contact page isn’t highlighted in the provided text, a general email address [email protected] is mentioned for inquiries, particularly regarding platinum discounts. Crinpro.com Reviews

Are the prices on Onetroyounce.com competitive?

Onetroyounce.com claims its prices are “amongst the most competitive in Ireland.” However, it’s always recommended to compare prices with other reputable dealers to verify competitiveness for your specific purchase.

What is “Nebü Bullion Jewellery” on Onetroyounce.com?

“Nebü Bullion Jewellery” refers to 24K gold jewelry items like bangles and cuffs sold by Onetroyounce.com, marketed as an investment in elegance, with VAT and insured delivery included.

Can men wear the Nebü Bullion Jewellery from Onetroyounce.com according to Islamic principles?

No, generally, in Islam, it is forbidden for men to wear gold jewelry.

While purchasing gold as an investment is permissible, wearing it as adornment is restricted for men.

Does Onetroyounce.com offer a free trial or subscription service?

No, Onetroyounce.com operates as a direct sales platform for one-time purchases of physical precious metals and does not offer any free trials or subscription services.

How do I cancel an order on Onetroyounce.com?

Since there’s no subscription, order cancellation would apply to a placed order before it’s shipped.

You would need to contact Onetroyounce.com customer service directly via email to inquire about the possibility of canceling your specific order.

Are there any discounts available on Onetroyounce.com?

The website mentions a “2% Bank Transfer Discount available to customers with this preference” for platinum products if they email [email protected].

Other specific discounts are not prominently advertised.

Does Onetroyounce.com ship internationally?

While the website mentions UPS shipping and competitive prices in Ireland, it doesn’t explicitly state international shipping capabilities beyond the EU.

It’s best to confirm with their customer service for shipping to specific non-EU countries.

What alternatives exist for investing in precious metals besides Onetroyounce.com?

Alternatives include other online precious metal dealers e.g., JM Bullion, APMEX, European Mint, local coin shops, and platforms like BullionVault for vaulted storage without physical delivery.

What are some halal alternatives for wealth preservation beyond precious metals?

Halal alternatives include investing in real estate, sharia-compliant equity investments stocks, mutual funds, Sukuk Islamic bonds, ethical businesses, and Takaful Islamic insurance.

Does Onetroyounce.com provide educational content about precious metals investing?

Based on the homepage text, Onetroyounce.com focuses primarily on selling products and does not appear to offer extensive educational content, market analysis, or investment guidance.

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