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Gold has always been a popular investment, valued for its long-standing history as a store of value and its ability to provide diversification benefits to an investment portfolio. However, investing in this asset can be intimidating and complicated for many people due to the costs and complexities involved in buying, storing, and selling it. That's where Acre Gold comes in. It’s a company that offers a unique, affordable, and convenient way to add this asset to your portfolio through its subscription-based service.
In this comprehensive review, we will delve into the history and mission of the company, how the service works, its pros and cons, and our overall thoughts on whether it's worth considering as an investment option. We'll also take a closer look at its customer service, the security of its storage options, and other factors that investors may want to consider before deciding to invest in the company.
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History and Mission of Acre Gold
Acre Gold was founded in 2017 by Brendon McQueen and has partnered with a group of financial technology entrepreneurs (Fintech) with the mission of making gold accessible to everyone. The company's founders recognized that many were intimidated by the high cost and complexity of investing in the physical metal and saw an opportunity to make the process simpler and more affordable.
Its unique approach is to offer a subscription-based service that allows clients to accumulate gold gradually over time. Instead of buying an entire ounce of gold at once, investors can purchase fractions of an ounce, known as "micro-investments," on a monthly basis. The minimum subscription is $30 per month, and they can increase or decrease their subscription at any time. Overall, the company's founders believe that gold is a valuable asset that should be a part of every investor's portfolio, and they have made it their mission to make this a reality.
Acre Gold’s Products
Acre Gold offers two main types of products: physical and digital gold. Both products have different subscription terms to take note of.
Physical Gold
These are offered in varying subscription tiers. As of this article, they have an ongoing sale for all of their options. The cheapest you can purchase is 1 gram of the commodity for $30 monthly. Consequently, 2.5 grams is $50, 5 grams is $100, and 10 grams is $250 per month.
Each bar includes tamper-evident packaging that protects its authenticity and quality. Also, there is an assay card so that you can verify the bar’s authenticity and legitimacy. You can find the specifications of the metal, including its weight and authentication of the bar, as provided by the assayer, on its packaging. Thus, you can have peace of mind as the company provides an assurance of the bar's purity. Do note that each bar is made of 99.90% pure gold which is presented in a sealed protective assay package. The bar also features the Acre logo stamped in perfect detail.
Digital Gold
The company offers digital gold in different subscription tiers with similar price points to their physical counterparts. Essentially, it is a way to invest in gold without physically owning or storing the metal. They are typically backed by physical gold held in secure vaults and can be bought and sold electronically through various platforms and exchanges. Additionally, they provide investors with the convenience of trading gold without the need for physical storage or transportation, making it a popular option for those who want exposure to the precious metal.
The company’s cheapest plan for this asset is $30 a month for 1 gram, while the most expensive option is $250 for 10 grams. These also have the same features as the previous product, where they feature a fineness of 0.9999. Since they are digital assets, you will not be able to have these shipped to you. Instead, these will be held in the company’s secure storage for safekeeping.
Which Product is Right for You?
Both products provide a convenient and affordable way to add metal to your portfolio. Their physical product is best suited for investors who want to hold their assets physically and have them delivered directly to their doorstep. On the other hand, its counterpart is best suited for those who want to own gold without having to deal with the hassle of storing and securing it.
How Their Subscription Works
Acre Gold's subscription-based service is simple and straightforward. Here's how it works:
Advantages & Disadvantages of Acre Gold
Advantages
Disadvantages
Acre Gold’s Fees and Costs
There are various expenses that come with subscribing to Acre Gold’s different plans. Here's what you need to know:
Are They Legitimate?
Acre Gold is legitimate and not a scam. However, it’s important to note that they lack several features that make them a reliable company to work with. Here is what others say about them.
Industry Recognition
Their products are of high quality and the process of purchasing their products through their website is remarkably straightforward. Despite this, It is worth noting that they are not accredited by the Better Business Bureau. However, it has garnered a B- rating. This means it is lacking in some areas, such as transparency, and you might be better off transacting with other companies.
Customer Reviews
It is alarming that, according to BBB’s website, the company has received several complaints, such as supply shortages. Aside from this, it still does not have any profile on Trustpilot. This can be a sign to not transact with them, as it’s better to be safe than sorry.
Conclusion
In conclusion, it offers a unique and accessible approach to investing with a simple and user-friendly platform. Additionally, the quality of their products and the tamper-evident packaging provide peace of mind for investors. The company also makes it easy for anyone to start investing in gold without having to worry about high minimum investments involved in owning physical bullion or the hassle of storing and securing physical metals. But don’t forget that there are concerns surrounding the company such as the lack of clarity concerning the subscription process, hidden fees, higher premiums charged, and lack of reviews. These are potential red flags and warning signs that you should instead try investing with other companies.
Aside from this, it seems that the only unique selling point of Acre Gold is they offer a subscription-based service. Other than that, we don’t see any features that make them stand out from other companies. Though they are legitimate, we believe there are still other companies much worth your time.
Overall, we believe that it is a legitimate company that provides a valuable service for individuals who are interested in investing in gold. But do yourself a favor and work with other reputable companies with a proven track record. This will not only save you time but also protect you from its incompetencies, such as poor customer service and lack of reviews.
Overall, we believe that it is a reputable and legitimate company that provides a unique and cheap way for individuals to invest in gold. But do yourself a favor and work with other reputable companies with a proven track record. This will not only save you time but also protect you from its incompetencies, such as poor customer service and lack of transparency.
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