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. When you make your purchase, you will see the total ounces that are being added to your account.
Gold purchases are measured in grains so that you receive very precise quantities of gold in your account. When you make your purchase, the amount of metal you will receive is displayed in grains. There are 480 grains in a troy ounce. To convert the quantity purchased to ounces, divide the displayed quantity by 480.
At any time you can convert your holdings to a specific item (such as smaller bars and coins) 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.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article