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Investing in precious metals has long been an attractive option for those looking to diversify their portfolio and mitigate risk associated with volatile stock markets.
Inflation has been rising, and many people are looking at precious metals to hedge.
However, is signing up for a subscription-based gold investment a good idea?
This article will take an in-depth look at what Acre Gold is, the advantages of investing in these types of accounts, and try to understand why they may be a good fit for an investor's financial goals.
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What is Acre Gold?
Acre Gold is an organization that provides a subscription for gold purchases. Investors can buy a physical gold bar and pay for it in increments. Since you can purchase a home, it is quick, easy, and convenient.
Plus, shoppers do not have to visit pawn shops or third-party dealers if they use their service.
Acre Gold's partnership with fintech veterans has enabled their business model. These financial vets understand gold's benefits for investment strategies. On the other hand, Acre Gold has an exclusive gold-based offer, so other precious metals are off the table.
In other words, investors may not use their platform to buy silver, platinum, or palladium. The company's focus is strictly on gold, and they do a good job of it.
Most of the time, investors have to find trustworthy vendors, but not here. Acre Gold sources exceptionally pure gold bullion, cutting through the clutter. Once you buy an order, it will be sourced from reputable vendors.
Understanding the Way Acre Gold Works
Originally, Acre Gold began its life as a layaway program for gold purchases. To sign up, users must remit a small fee before they are ready to begin investing. The size of the subscription payment for your precious metals depends on what you sign up for.
Heavier gold bars will require a more sizeable payment and vice versa. When you buy gold on the stock market, you only own it on paper. Nevertheless, things are different at this company, and you get to own it physically.
After you have paid for it, Acre Gold will ship it to your door, so you can hold onto it at home. Acre Gold's product list includes precious metal bars and merchandise for the company. The precious metal bats are available in 1 G, 2.5 G, 5G, and 10 G increments.
To start investing, you must make a small payment on one of the gold bars, and then you must wait. Once your payments have totaled the gold's market value, they ship it to you.
What Occurs After Meeting the Threshold
Customers must continue making subscription payments until they reach the bullion's market price. Upon hitting this threshold, Acre Gold sends a discrete shipment to your home without delay.
This straightforward process has been the company's backbone since its inception in 2018. The shipping and fulfillment fees are your responsibility when it is time to ship the gold. Additionally, the company has a buy-it-now program for gold bars.
How Much Time Does It Take to Receive Your Gold?
Since gold's market value fluctuates, the length of time till you receive it will vary. Your shipment depends on the market value of gold and how much you have paid for it already.
Even though there is no clear-cut answer, the average time is four to six months. If gold's price swings down, it can hasten your process. Nonetheless, your timeline can extend if gold starts to appreciate a ton.
How Much of a Premium Do They Charge?
Because gold has a fluctuating value, nailing down an exact premium is difficult. Ask Acre Gold's customer service if you want to see how much Acre Gold is charging at a particular time.
The cost can increase or decrease according to where the market is at a specific point in time. Shoppers can reach out to Acre Gold via email, but reaching them through social media may be quicker.
Ask them how much gold costs in the current market's climate, and they will get back to you soon.
What Does the Service Come With?
Today, the company gives customers a solid physical and digital gold catalog.
The 1-gram gold bar is Acre Gold's most affordable subscription, but it still has a ton of value. Customers can pay $30 per month, which accumulates until they hit the full bar's price tag.
When you first sign up for the program, you must pay a $12 upfront membership fee. Each package contains 0.03215 ounces of 0.9999 fine gold and comes with an assay card. The assay card verifies the gold's authenticity.
Every bar is sealed in a protective package that lists the content's weight and has a logo on it. The bars also have a premium, soft touch box with a display drawer, and the bar has an Acre logo on the back.
This 2.5-gram gold bar has a mirror-like finish, and it is slightly more expensive than the 1-gram model. The cost to invest in the subscription is $50 per month, accumulating over time.
Acre Gold ships the physical product after you have paid for the entire bar at its current market value. To get started on a subscription, investors must submit a $12 membership fee upfront. The package will hold 0.08038 ounces of 0.9999 fine gold upon arrival.
On the packaging, you can see the content's weight and the bar's authentication by an assayer. The obverse side features a stamped logo, weight, and purity markings. Then, on the reverse side, there is an Acre logo stamped in a pattern.
Furthermore, each shipment arrives with a premium box with a display drawer.
Acre's newest product is the 5-gram gold bar, and it is suitable for any class of investor. They are twice the size of their previous product, and the cost per month is $100. The membership fee is still $12, so it is a moderately better deal in that regard.
Once you have purchased the bar outright via payments, they will ship it to your home. Each package will have 0.1607 ounces of 0.9999 gold, and it comes with a protective assay container. The container shows the gold's weight and assayer authentication.
There are stamped logos on the front and back sides of the bars. Plus, you will get a soft touch box with a display drawer to see what is inside.
Acre's 10-gram bar is also one of the newest additions to its product lineup. The subscription's price is two and a half times what the 10-gram bar costs. Nevertheless, the company still charges the same $12 membership, which is the best value.
They will ship the physical product to your home after paying for the entire package. Every bar has an authenticity-certifying assay card, which is kept in a tamper-evident package.
When you receive it, the contents will weigh 0.3215 ounces, and it will be 0.9999 fine gold. You can see a stamped Acre logo on the front and the back of the bar. Additionally, the package comes with a soft touch box that has a display drawer.
If you are an existing customer, you can upgrade to the $250 per month subscription by sending them an email.
Progress Reports via Email
Acre sends a monthly progress report to each of their customers after they pay. You will receive your first report after signing up for the service, which will link to the customer portal.
In the customer portal, you can view and edit your account details, and you can monitor your progress. It will show you how much more you need to pay before getting the physical shipment.
In addition to tracking your progress, you can also use the customer portal to cancel. If you have been sent a shipment, its tracking details will appear here, also.
Client Service Team
Acre's customer support team is reachable through email and social media alone. Even though a phone number would be a welcome addition, the service is quite simple.
Therefore, email and social media are enough to field most questions that a customer has. Acre is quite active on Facebook, and you can get them to respond quickly. For example, many customers have used social media to get real-time gold pricing.
How Legitimate is Their Service? Is it a Scam?
No, Acre Gold is not a scam. Acre Gold is a real company that provides a legitimate product and service in an accessible way. Their gold is of high purity, and the subscription model is unique in the industry.
They designed their gold in California, and it is minted in Switzerland. Purchasing products through their website is surprisingly simple, and they focus on ease. Even though the Better Business Bureau does not accredit Acre Gold, it does have a B- rating. Furthermore, plenty of positive Google reviews for the company are floating around.
Advantages and Disadvantages
There is a bunch to like about the company, but they could improve in some areas. On the positive side, they offer an accessible investment for people interested in gold. They charge the same $12 membership, no matter what you purchase.
Moreover, the gold they sell is of the highest purity level, and their customer service is top-notch. On the negative side, they have a $20 cancellation fee and are limited to gold alone. Users cannot buy silver, platinum, or palladium on their website.
How Much Does It Cost to Use Their Service?
There are four payment models available on Acre's website: 1 G, 2.5 G, 5 G, and 10 G. Each of these requires a $12 membership fee. It costs $30 per month to sign up for the 1-gram option and $50 per month for the 2.5-gram option.
The 5-gram option is $100 per month, and the 10-gram option is $250 monthly. Apparently, there is a buy-it-now option, but our editors could not locate it on the website.
How Does the Cancellation Policy Work?
Acre Gold's refund policy depends on whether you have received physical gold. Their policy is not to refund people who have gotten their physical shipments. If you cancel while making payments, they will refund you anything you have invested.
However, you cannot send them back bullion if it has been shipped to your home already. The customer service department answers questions through email, so you can reach out.
Sometimes, they will cancel a shipment if there is a delay, refunding you the money. The cost to cancel is $20 if you decide to sever ties with the company.
Do They Utilize Fair Pricing Standards?
Acre Gold implements fair pricing standards, and the $12 startup fee is manageable. Most precious metal brokers will refuse to pay the spot price unless they profit from it. Since so many gold companies are on the market, many compete for the lowest prices.
Acre Gold guarantees its bullion's purity and authenticity, so you don't need to worry. Further, their pricing model makes it so that anybody can get started in precious metals. You can also choose a subscription level that is comfortable for your budget.
Conclusion
Acre Gold is an ok company, they are not a scam, but we do not recommend them.
They are not the best option if you are looking to make cash purchases and certainly not if you are looking to protect your savings with a precious metals IRA, like other companies we have written about.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:
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Or, if you like what you have read about Acre Gold, you can go to there website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
