2022 was a really lousy year for investors. In fact, it was the worst year since 2008 for the stock market. Bonds were absolutely crushed, plunging by nearly 13 percent, making it the worst year since 2000 for that so-called “safe haven”. In the meantime, the crypto market cap collapsed by $2 trillion.
But in spite of all of that carnage, one asset managed to hold its own. Yes, gold closed out the year in positive mode. And, bullish sentiment about gold and silver hasn't been this high in a long time.
It was also an impressive start to 2023 for precious metal prices. COMEX silver has recently approached $25 an ounce, while gold prices have risen over $1,880 an ounce. And, that’s where our complete review of Acre Gold starts.
Our review of Acre Gold in short
Company name: Acre Gold
BBB grade: B (not accredited)
Summary: You probably have monthly subscriptions to AppleTV+, Hulu, or Netflix, but perhaps you never knew that you could also subscribe monthly to gold. Right? And, that's exactly what Acre Gold allows you to do.
It’s loosely described as a “layaway program for gold bars.” That means that you’re buying a fraction of a gold bar each month with your subscription fee. Then, an actual gold bar is shipped to you every time you pay for one in full. So, basically, you’re building up a stash of gold for a nominal monthly payment.
Our rating: 4/5
Should you work with Acre Gold in 2023?
We understand how difficult it is to choose a reliable precious metals company to work with. For that reason, we created a list of gold dealers that we think are best to avoid. Click on the button below to make sure Acre Gold isn’t one of them and discover our top 3 recommendations for this year.
About Acre Gold
Acre was originally founded in 2018 by Brendon Mcqueen and Jared Hines heading up a team of Fintech veterans who were hellbent on making Gold more affordable, approachable, and even easier to hold for future generations to come. Now, Acre is known as the new store of value and is based both in Boise, ID, and sunny Santa Monica, CA.
With this new precious metal brand, consumers can have a much easier and more engaging precious metal experience. At Acre Gold, they think that the old ways that people have been buying Gold today, from visits to older e-commerce sites to actually going to pawn shops, can be replaced by a process that’s a lot more affordable as well as greatly improved.
How it Works
Acre Gold works in a different way from the many other precious metals firms that we’ve been reviewing. In fact, it’s more of a layaway program and basically, you simply pay a monthly subscription fee.
Once you accumulate sufficient payments needed to meet the price of your gold minus the fulfillment and shipping fees, your Acre Gold is shipped and delivered directly to your front door.
So, it's basically like you're making monthly payments for your gold. And, you can even receive 2.5-gram or 5-gram gold bars deliveries or even more. Then, in the event that you find yourself wanting to stop, you can simply cancel your subscription at any time you choose.
Acre Gold Bar Highlights
All gold bars from Acre Gold offer the following features:
- Bars are packaged in a premium, soft touch box with a display drawer.
- Bars contain 2.5 grams ( 0.08038 ounces) of .9999 fine Gold.
- Individual bars are shipped in a sealed protective assay package listing authentication and weight.
- Obverse view features a single stamped Acre logo, purity, and weight.
- The reverse view features the Acre logo in a pattern that’s stamped with simple perfection.
Is Acre Gold a Scam?
Or, on the other hand, is it legit? No, it’s not a scam, and, yes, the company is legit because they do deliver the gold whenever a client accumulates enough monthly payments in their account. It also appears that the company’s BBB rating has seen some improvement up to a “B” rating from its previous “C” rating.
However, when we researched Acre Gold, we discovered that it’s fairly new to the industry, so when it comes to ratings and reviews, we were only able to find a handful of them.
It appears, however, that Acre Gold really cares about the quality of its products. The gold bars that the company sells are supposedly 99.9% pure, designed in the state of California, and then minted in Switzerland.
An authenticity card is provided with each bar, which lists its weight as authenticated by the assayer who evaluated it. Tamper-evident packaging is used for shipping the bars discreetly so that you'll be able to detect if they have been tampered with during shipping.
How is Their Customer Support?
Unfortunately, Acre Gold doesn’t currently offer live chat on their website. However, you can address any concerns or questions that you have about Acre Gold via Instagram or Facebook.
They clearly seem to be quite responsive to clients on both of those social media platforms. There is another route to Acre Gold’s customer service as well and it’s their email address, which is listed at the bottom of the site’s home page.
Have There Been Any Complaints About Acre Gold?
Yes, there have been some complaints but Acre Gold seems to make sure to respond to them. In fct, their response rate is 100 percent and their customer complaints summary is as follows:
- 50 total complaints over the past three years.
- 19 total complaints were closed during the last 12 months.
All of the complaints involved issues with delivery issues, billing and collection issues, and problems with products or services.
Acre Gold's Pros & Cons
Companies worldwide have differing numbers of pros and cons no matter how good or bad they are. Here are a few of Acre Gold’s pros and cons:
- An affordable way to purchase gold
- Aiming to become an industry disruptor
- Offers a low entry threshold
- Seeks to make investing in gold more approachable
- Offers flexible subscription models
- Has a referral program
- You can cancel anytime
- Responsive support staff
- The website is not the most informative
- Some negative comments and complaints
- New to the industry
- No 2021 Trustpilot reviews
- No clear path to liquidation
- Lack of clarity regarding how much a gold bar actually costs
- Limited customer service
- No focus on community-building
Why Buy Gold?
Gold and silver are back in style in a big way, and both are up again this year. And, although U.S. stocks and oil are tumbling, gold is holding its own. With oil prices slipping and the S&P seeming to be down more often than it’s up, gold is looking better every day to savvy investors like you.
An Investment Everybody Can Count On
Due to its constant uptrend, gold is the one investment that you can always rely on in today’s volatile market. When the banks, big oil, mortgage companies, and the stock market are in major trouble, gold is still king of the hill.
Gold is in High Demand
As a result of all the uncertainty in the world of finance, many savvy people choose gold as an investment. In general, they want to invest their hard-earned money in something that is synonymous with wealth.
Gold was the very first iteration of money, and it is in high demand worldwide since there may not be enough to support global money's liquidity requirements.
It's an Excellent Investment
Gold is an excellent investment both now and in the future for a variety of reasons, including:
[1.] Value: When you search for the market's deep value, gold is always at the top of the list. Therefore, gold is a great investment right now.
[2.] Price: In and of themselves, gold fundamentals make it a great investment. Generally speaking, gold prices are close to their average production costs, but below their marginal costs.
In addition, you should never hesitate to purchase an asset when its replacement value is lower than its current price. Gold is currently trading around the incremental cost of production.
Mining companies are always scrambling to produce more gold as gold prices and production costs rise. As a result of incremental mining costs of $1,200 on average, gold prices continue to soar. Furthermore, gold prices will continue to rise exponentially as production costs rise and demand is highly unlikely to fall.
[3.] Diversification: Gold should make up at least two to five percent of any diversified portfolio. As a general rule, most investors' portfolios lack adequate diversification, and in hindsight, they tend to believe that they lost far more money than they thought they would.
They simply had a non-diversified position that lost value. The fact is that investing in gold is the ideal way to diversify your assets and secure real wealth.
Building Wealth with Gold
There’s one simple reason why gold is the best place to begin building wealth. Whether it's an international incident, an unexpected inflation spike, the instabilities of global politics, or some other financial crisis, gold prices are more than likely to heat up. In contrast, other commodities require positive economic activity to drive their prices up.
Gold is an asset that has existed since civilization began. Gold shares are therefore considered ancient wealth storehouses that still play an important role in contemporary portfolios. In fact, gold's proportional purchasing power has remained quite stable throughout history due to its relatively finite global supply.
Did you know that every ounce of gold in the world has the same intrinsic value everywhere? It’s true and that’s what makes it so easy to trade. And, not only that but gold is also the optimum vehicle for you to hand down tangible wealth to future generations.
Changing priorities and perspectives are part of aging. For example, when we’re young, we’re all about spending as fast as we can. But as we age, we become more focused on maintaining our lifestyles and enjoying all that life has to offer.
Regardless of where you are in life, there are a few ways to make your golden years more golden and one of the best ways is by securing your wealth with gold.
You're well aware (especially if your savings are largely in the stock market) that things can go up and down and sometimes considerably. And, neither the stock market nor the world economy can be controlled. However, you can easily hedge against all of that uncertainty by investing in other forms of wealth.
Gold is one of the oldest and most common hedges in the world. Since ancient times, it has protected against inflation, currency devaluation, and political risk. About ten percent of your portfolio should be invested in gold, according to most financial experts. Lastly, be mindful that not everyone who deals with gold is reputable.
Finding a Reputable Precious Metals Company
Now that you’ve gained a basic understanding of why buying gold is a good investment, a little bit of guidance could go a long way. First, you’ll want to select a precious metals company that has received some good testimonies from investors, like Acre Gold, so that you know you can start buying gold with confidence.
Buying gold should be an easy and pleasant part of your investing journey besides being an excellent wealth-building investment. So, stay on top of things by reading our reviews to be in the know regarding up-to-date happenings in the wide world of gold.
Final Thoughts on Acre Gold
We’re going to conclude our audit with this final verdict. If you would like to invest in precious metals on an ongoing basis outside of an IRA, Acre Gold is a great option.
As an added bonus, Acre Gold offers a referral program that pays you when you refer a client. However, since there are few reviews and ratings, it might not give you that warm and fuzzy feeling yet.
Acre Gold does provide an affordable way to acquire gold. However, if what you really want is the retirement benefits of an IRA along with those of precious metals, then a traditional gold IRA company could possibly be more advisable for you. It really just depends on what you're looking for.
Lastly, you’ve heard of “the golden rule”, and “the gold standard”. Well, they may be old sayings but they still ring true even today and it’s important to always remember that “He who has the gold, makes the rules.”
Would you rather invest in silver?
Our rating: 4/5