Welcome to my Acre Gold review! (UPDATED 2023)
If you're interested in working with gold, you've likely heard about Acre Gold. If you're like many people, you may be asking yourself, "Is Acre Gold legit? Or am I in danger of being scammed?
Before doing anything else, I recommend that you avoid getting ripped off and take a look at our Top Gold IRA Dealer here.
Or, if you'd rather learn more about Acre Gold first, read on! In order to determine if Acre Gold is reliable and legit, we'll begin this review with some important background information.
Acre Gold Review Quick Summary
Name: Acre Gold
Founder: Not disclosed
Price: $50 per month subscription, $12 one-time upfront membership fee
Rating: 3/5
What is Acre Gold?
Acre Gold is a company that provides an opportunity for clients to acquire gold in a more affordable way compared to other popular firms.
It was created by a group of fintech veterans and gold bugs, who recognize the importance and benefits of gold. With that, they aim to make precious metals more affordable and approachable.
Currently, Acre Gold is based out of Santa Monica, CA and Boise, ID.
How Does Acre Gold Work?
Acre Gold works differently from the other precious metals firms we have reviewed like Augusta Precious Metals, which helps you transfer precious metals to a new gold IRA account upon funding your account.
Acre Gold, on the other hand is more of a layaway program.
Basically, you pay a subscription fee every month. Once you have made enough payments to meet the price of the gold (minus the shipping and fulfillment fees) Acre Gold will then ship and deliver the gold directly to your front door!
Essentially, this means you're making your payments for your gold every month. This can go on for as long as you like, meaning you can receive additional 2.5-gram gold deliveries. If you want to stop, you can always cancel the subscription.
Price
To join Acre Gold, you must pay a one-time, upfront membership fee of $12. From here, you can start taking advantage of the $50 monthly subscription (there is also a $30 subscription option) for 2.5 grams of gold.
For example, if the total price of the 2.5 grams is $100, then you will need to pay $50 per month for two months. (But this is just a hypothetical example - 2.5 grams of gold does not really cost $100.)
This is quite different from a traditional gold IRA firm that charges no subscription or management fees and simply sells you metals before helping you set up your own gold IRA.
Acre Gold AffiliateReferral Program
Acre Gold also has an affiliate program powered by LeadDybo that offers compensation for those who introduce a new, subscribing client to Acre Gold (if you are into that sort of thing).
Support
Sadly, Acre Gold does not have a live chat function on its website. However, clients can address their concerns to Acre Gold via their Facebook and Instagram accounts.
As you can see below, they seem quite responsive to their clients on these social media platforms.
Acre Gold is helpful for those who would like automatic, ongoing investment in precious metals that they store themselves outside of an IRA.
However, for gold and silver investors who would like the benefits of an IRA and a closer advocate through the lifetime of their metals account, I suggest going with a company such as Augusta Precious Metals or Goldco.
A gold IRA company stays with you for the duration of your account and acts as a direct liaison on your behalf with the custodian and storage facility required by your IRA.
Rating and Reviews (Updated 2023)
Acre Gold is quite new to the industry, so I only found a handful of reviews and ratings during my research. And to be honest, they were not that impressive:
2023 UPDATE:
It appears that the BBB rating for Acre Gold has improved from a "C" rating to a "B" rating.
Currently, they are not BBB accredited and only have a B- rating. Here is a screenshot of their BBB rating (2.68) as of October 13, 2022:
Any updates on Acre Gold BBB Profile in 2023?
As of January 25, it looks like the Acre Gold BBB rating went down. In October 2022, their overall rating was 2.68/5. Now, we see that it went from the rating above to 2.52/5, as you can see in the screenshot below.
I really do like the idea behind Acre Gold and feel that it's one of the most legit companies we have reviewed on our site, but unfortunately, this consistent drop in ratings is a red flag.
This is something you would never see with our current top pick, Augusta Precious Metals, which keeps earning excellent reviews with happy and satisfied customers.
November 2022 UPDATE: It appears that Acre Gold still does not have any reviews on Trustpilot.
Why don't they have any reviews on Trustpilot in 2022? Not go a good sign!
Still No Acre Gold Trustpilot Profile in 2023?
We have reviewed over 200 precious metals companies on our blog. During this time, we've noticed that one common thing denominator among legit precious metals companies is they have solid BBB and Trustpilot profiles with lots of positive ratings and reviews.
As of January 2023, Acre Gold has no Trustpilot profile, and that makes me wonder a bit, to be honest.
This does NOT mean that Acre Gold is a scam, but it's not as convincing, for example, as our top picks like Goldco and Augusta Precious Metals, which are flooded with positive reviews everywhere.
Pros and Cons of Acre Gold
Pros
- Provides an affordable way to buy gold
- Has a referral program
- Clients can cancel anytime
- Responsive support
Cons
- Not the most information on their website
- There are complaints & negative reviews
- They seem quite new to the industry
- Still no Trustpilot reviews in 2023
Is Acre Gold legit? - Final Review
Let's conclude this review with my final verdict: Is Acre Gold legit? Yes, they are, since they do provide gold whenever clients make enough monthly payments.
However, since there are only a few ratings and reviews, it might not give one the warmest feeling. Yes, there are some complaints, but Acre Gold seems to work to ensure all issues are responded to and addressed.
Overall, Acre Gold provides a more affordable way of acquiring gold. For now, though, I would still recommend buying precious metals the old-fashioned way to really make sure you're in the best hands.
Additionally, if you want to take advantage of the retirement benefits of a gold IRA, a more traditional gold dealer, and IRA company might be advisable.
(Check out our TOP recommended gold company by clicking here) This will provide you with everything you need to get started with a company you can trust).
This review will be updated once I sort out more info about Acre Gold.
Thank you so much for reading my Acre Gold review!
Leave your comments and questions in the comment section below!
I had and still have some reservations about acre gold, my 1st reservation was that I wouldn’t believe it was legit till I received my 1st gold bar, today I received my 1st bar so that skepticism was laid to rest. My 2nd concern is one that others brought up in the comments on their sight “what if it is only gold plated bars?” I plan on taking my 2.5 gram bar to a jeweler to see if they can confirm that it is solid gold and not just plated, if it is in fact solid gold then I will be 100% satisfied with my experience with acre gold and continue to do business with them.
Thanks for your feedback Benji
Hey Benji
Did you have your bar tested?
RC
Hi Anis, we appreciate your review of our company. If you would like to speak to someone for further clarity or about any questions you may have, please feel free to reach out to our Head of Operations, Jared, by sending an email to Jared@getacre.io.