Good to know.

Yes. Every gram in your OneMG account is backed by 24-karat, 999.9 fine gold held in secure vault storage. You can see your holdings in My Vault and redeem them as physical bars once redemption opens in your market.

One milligram (0.001 g). That's where the name comes from. You can also buy by amount, for example A$50 or €20, and OneMG converts it to grams.

Paying from a preloaded wallet means your order fills at the price you see on screen, instead of waiting for a card payment to clear while the gold price moves.

OneMG follows the international spot price for gold and converts it to your currency per gram. The buy and sell prices, and any fees or taxes, are shown before you confirm each trade.

Australia comes first, followed by selected European countries and US states as licences and banking partners are confirmed. Join the waitlist and we'll tell you when your market opens.

OneMG Gold is built and run by INFINYX, the gold trading vertical of Candymens Technologies, the group's holding company.