Acre Gold at a Glance
Acre Gold’s primary mission is to help investors acquire and invest in precious metals easily – even without much capital. It comes with 3 different subscription plans that investors can choose from to best suit their cost considerations at $50, $100, or $250 a month.
Gold is a hedge against inflation, and it will often rise when the stock market falls. Many people are looking to gold for investment safety during economic uncertainty, and Acre Gold’s business model has just made the process more affordable for everyone.
Acre Gold Review – How Does It Work?
The subscription plan you pick is actually your layaway plan. Each month, the amount you pay goes towards the total sum of a bar of gold. The lower the price of the plan, the longer it takes to pay off a bar. When you pass the threshold, Acre Gold will automatically ship the physical gold bar(s) to you. As of now, there is no clear listing of how much gold bars cost on the subscription pages, but we assume it’s because the market value fluctuates. However, we were able to find the listing for purchasing bars via a Google search (but we weren’t able to find the listings directly from the homepage of Acre Gold).
Is There a Cancellation Policy?
Yes, our Acre Gold review has shown that the platform does have a cancellation and a refund policy as well. They state that members can cancel or modify their account whenever, but as for refunds, Acre Gold does not offer refunds for physical products once they have been shipped. If any issues arise with the shipment, you can always contact their customer service for assistance.
Acre Gold Price
Aside from the monthly subscription cost, anyone looking to join Acre Gold will have to pay a one-time $12 signup fee (which is essentially a processing fee). Then there are the shipping and fulfillment costs every time gold is sent to you. Any overpayments you make towards the price of gold assets will be reimbursed as credits to your account. Purchases and payments can be made using a Mastercard, Visa, or American Express card.
To give you a better idea on the final costs, we’ll take a closer look at the different purchasing options below.
We’re not sure if Acre Gold recently started offering outright sale on gold bars or if they previously offered them. Regardless, we weren’t able to find them by simply navigating the website. Instead, we could only find/access them through a Google search. Nonetheless, Acre Gold does allow you to purchase gold outright.
Unfortunately, it appears that you can only buy a 2.5-gram gold bar outright; the five-gram gold bullion can only be purchased via a subscription plan. As of the time of this review, the “Buy-It-Now” price for a stamped Acre Gold 2.5-gram bar was $226.62.
Unlike the subscription options, you won’t have to pay a one-time fee for processing. However, you will still be responsible for shipping costs and any applicable taxes.
The ability to purchase grams of gold over time via ongoing subscriptions payments is the main appeal of this unique gold market. All the gold bars are made of .9999 fine gold, and labeled with the Acre Gold’s logo. You’ll receive a soft-touch box for storage alongside the gold bar you’ve purchased. Currently, Acre Gold offer four different subscriptions plans:
- 1G – With this plan, you’ll be making monthly payments of $30 towards a 1 gram (0.03215 oz) bar of gold. Once you’ve paid enough to cover the costs of the gold and any applicable fees, your bar will be shipped to you.
- 5G – Slightly larger at 2.5 grams (0.08038 oz), this bar will cost you $50 per month. The bar—which is shipped once all applicable costs have been funded—is labeled with both the stamped Acre Gold logo and the weight.
- 5G – Twice the size of the previous bar (at 0.1607 oz), this subscription plan will cost you $100 per month.
- 10G – This is the largest bar currently offered by this gold company. The 10G (0.3215 oz) bar of gold costs $250 per month, making it the most expensive monthly subscription fee from Acre Gold.
If your current investment strategy doesn’t include storing gold yourself, then Acre Gold’s “Digital Gold” may interest you. With this take on the online subscription service, Acre Gold still lets you finance a purchase from their gold market, but they also take care of storage once you’ve paid off the balance.
Storage fees are extremely affordable, costing a mere $1 per month (regardless of which bar size you purchase). However, while you might be thinking you won’t have to pay shipping fees, that’s not the case. “Digital Gold” purchases—unfortunately—still include Acre Gold’s one-time membership fee, taxes, and shipping/fulfillment fees.
“Digital Gold” only offers three subscriptions, compared to the four options offered via regular physical gold subscriptions.
- Acre Digital Gold (2.5 grams/0.08038 oz) – $50 per month
- Acre Digital Gold (5 grams/0.1607 oz) – $100 per month
- Acre Digital Gold (10 grams/0.3215 oz) – $250 per month
Is It Possible to Cancel My Order?
Surprisingly, Acre Gold does allow customers to cancel eligible orders. Only orders that have not shopped yet will be eligible for cancellation. If the product has already been shipped, it will not be eligible for a refund.
However, if your shipment was scheduled and then delayed (i.e., it hasn’t been shipped yet), you can still cancel the order prior to shipping. However, you will be charged a cancellation fee. Any applicable processing fees will also be subtracted from your refund.
Referral Program for Acre Gold
Acre Gold has a referral program for its members as an added incentive. If you refer friends and family, the platform will compensate you for it, although there isn’t much information regarding the rewards. There is also an affiliate program for businesses looking to partner with them.
A company’s customer support says everything, and Acre Gold is very responsive. However, it does not offer many channels to get in touch with its customer support team. You can either email them or turn to its social media platforms (Instagram and Facebook) to get an answer to your question.
As of now, there is no customer service phone number or live chat function on their site, but hopefully, Acre Gold will integrate these formats in the future. However, they do have an email address listed (firstname.lastname@example.org).
Fintech veterans will be fairly familiar with the basic customer portal offered by Acre Gold. While it does not—as noted above—allow you to get in contact with customer service, it does allow you to view your account. The customer portal shows gold investors their current subscription plans, progress, and shipments. You can also cancel your account from the customer portal.
How Does Gold Compare to Other Investments?
Many investors consider gold to be a safe investment. Although gold prices aren’t immune to price depreciation, they’re much less volatile than other assets like stocks. Historically, gold is more reliable in times of financial uncertainty. Still, gold only offers returns via price appreciation; it doesn’t produce any income on its own.
Gold can be part of a strong portfolio, but it should never be the majority. While it does have the benefit of liquidity, so do stocks and bonds (both of which have outperformed gold in the past!).
Is Acre Gold Right for You and is it Legit?
Acre Gold is quite a new player in the gold investment industry, and it’s only natural for potential clients to wonder if it is legit. Acre Gold says its products are 99.90% pure gold, they are minted in Switzerland and each bar comes with a certificate of authenticity.
To protect your shipment during transport, Acre Gold carefully packages its products in tamper-evident packaging. This type of packaging will reveal if someone tried to open your package and other forms of tampering.
Whether or not it’s right for you will depend on your financial goals, risk tolerance, investment profile, and preference. If you have the capital to buy whole bars at once, you may not need Acre Gold’s services. However, if its layaway payment structure is appealing, then Acre Gold is a legitimate service.
Keep in mind that bars of gold is not a very liquid asset and are usually something investors hold and wait for it to appreciate. If you’re looking for assets that you can flip quickly and make a profit, then you should consider other options besides Acre Gold’s offerings.
Acre Gold really lowers the threshold for new investors in gold. Potential clients can choose from Acre Gold’s variety of subscription plans that matches their budget and slowly pay off bars of gold in installments throughout the investment process. Your product is secured and protected until it reaches your hands with tamper-evident packaging. Find out more about what Acre Gold can do for you here.