Is Acre Gold Legitimate?
What Is It?
Acre Gold is a subscription-based gold merchant that makes it possible to pay for gold purchases on a month-to-month basis. You can sign up with their subscription service to begin making payments that will count towards the purchase of a 2.5-gram bar of gold. There are also different subscription levels to choose from – a pricier subscription means you’ll pay off the price of the gold delivery faster.
The aim of Acre Gold is to make gold purchasing accessible to more people. Tapping into today’s online, shipping-friendly business environment, they make purchasing gold simple, easy, and affordable. Breaking up payments incrementally cuts down on the financial shock of the investment. It makes investing in gold similar to other investment alternatives such as adding money each month to a retirement account or investing in tradable stocks.
Once you’ve made enough monthly payments to match what was the offering price of 2.5 grams of gold when you started your subscription, the gold bar will be shipped directly to you. Mounted inside a laminated, credit-card-sized certificate for easy storage and transport, a gold bar such as this locks in your money’s worth. Gold prices have consistently risen in recent years and investing in gold is a good strategy if you’re looking for assets that are a safe bet to hold their value no matter what.
How Does It Work?
To initiate the gold-purchasing subscription, you need to enroll at getacregold.com. The enrollment process sets up automatic monthly payments that will go towards the purchase of your gold. The price of the 2.5-gram gold bar is determined by what the going market price was when they purchase their current stock of gold for sale to customers. This locked-in pricing means you don’t have to worry about fluctuating gold prices during the term of the subscription.
There are a couple of options when it comes to the length of a subscription. There’s the option of an indefinite subscription, in which case payments will accumulate and gold bars will be systematically delivered until you decide to cancel the subscription. The other option is to specify how many gold bars you wish to purchase. If, for example, you want to by three 2.5-gram gold bars, the subscription will only last as long as it takes for monthly payments to pay off the price of three bars of gold.
Once the gold has been paid for, it’s discreetly shipped strait to you. The Swiss-minted gold bar is stamped and mounted inside a laminated card for ease of transportation and storage. The gold investment will then be fully yours and there are no further terms of the subscription.
The Prices
There are $30 and $50 subscription options. The time it takes to pay off the price of a 2.5-gram gold bar depends on the monthly subscription payment and the going price of gold at the time you enroll, but it generally takes several months to pay off the market price of 2.5 grams of gold. There’s also a $100 subscription option that pays toward the delivery of a 5-gram bar of gold.
There’s a $12 upfront membership fee to enroll in the subscription program. There’s also a small fee covering shipping and handling costs when the gold bar is shipped to you. All of these payments are automatically deducted via the payment method registered during subscription enrollment.
Pros and Cons
PROS
A consistent comment about Acre Gold is that their customer support team gives quick responses. They’ll let you know about any changes and you can reach out to them at any time if you have questions along the way or want to change your subscription plan. The best way to contact them is by emailing them directly, but they often reply to social media posts and reviews on business-review sites.
Another positive is the fact that the word is it’s simple and easy to cancel a subscription. If for whatever reason you don’t want to continue the subscription, simply contact them immediately and they will refund your payments and cancel the subscription, for a reasonable fee.
CONS
A cause for concern is that they’re fairly new to the gold purchasing industry. Because of this there aren’t a lot of company reviews available online. On top of this they don’t have consistent 5-star ratings among the reviews that are available. A common complaint of customers is that there can be delays to the shipment of gold once it’s been paid for. The lack of a gold supply consistently on-hand to meet all customer purchases can be a worrying sign, since a potential fault in the industry is a lack of solvency leading to bankruptcy without enough assets to cover customer purchases.
Another problem is the website design. Customers have complained about the lack of information provided to them on the website as well as the difficulty of accessing their account information. A lack of clear account information or confusion over the account login process has caused concern for some customers. The automatic payment process has also caused confusion when customers become concerned about unauthorized charges.
Final Verdict
If you’re looking for a hassle-free, convenient way to invest in gold, this subscription service is for you. Subscription-based purchase of gold is a great way to invest in gold without a huge, all-at-once financial strain. This is a way to bring gold investing into the 21st century. Subscription payments and shipped-to-your-door gold purchases allows customers to access gold the same way they purchase other items – ordering online and getting them shipped straight to their door.
However, despite the convenience of this subscription service, there are some concerns existing about the solvency of the company. Delays in the shipment of gold could be an indication of a lack of gold inventory to meet customer purchases. However, up until now there has never been any missed shipments, only delays due to sudden changes in market or shipping conditions. The gold investment industry as a whole is subject to fluctuating demands and availability. Because of this gold purchasers need to realize the investment they’re making is not immediate. Especially with a subscription service like this, you need to hold tight and accept the risk inherent in making payments now for the delivery of a future asset. There is more risk inherent in a subscription-based gold purchase than in a traditional, onetime payment to purchase a stock of gold.
As long as you’re willing to take on a little bit more risk with the subscription-style purchase of gold, this is a very good option for those who aren’t able to make a big investment in gold all at once. It’s also a good option if you’re investing in diverse portfolios and gold is just one part of an investment strategy. If this approach to gold investment is the right fit for your gold purchasing needs, this is a legitimate way to invest in the consistently valuable asset that is gold.