Here’s something you don’t see every day. A company called Acre Gold has started a monthly guying guide. It’s a “loot crate” kinda thing, but with precious metal. According to their website, you pay a monthly fee and then periodically — once you hit the equivalent of current market price — they actually ship you physical gold…as in, a piece of metal. TL/DR: visit GetAcreGold.com.
What is Acre Gold?
The company itself describes the metal as follows:
Each bar bears an authenticity certifying assay card in tamper-evident packaging, offering protection and quality you can trust for each bar.
- Contains 2.5 gram (0.0881 oz) of .9999 fine Gold.
- Individual bars are presented in a sealed protective assay package that lists the weight and authentication of the bar by the assayer.
- Obverse: Features a single stamped Acre logo along with weight and purity.
- Reverse: Features the Acre logo in a pattern stamped in simple perfection.
*”retained value” refers to the market value of Gold now and in the future
Is Acre Gold the cheapest way to buy gold, or reliable?
Is it any good? We have no idea. We haven’t tried it. It does sound intriguing, though it’s the constantly changing price of gold seems like it might make effective implementation a little difficult. Then again, modern technology being the way it is, it might be stupid easy.
Where can I buy physical gold?
Well, there’s the local pawn shop of course. And grave-robbing is certainly an option, but there’s no guarantee someone you dig up will have any gold teeth (or for that matter wearing any gold jewelry). You can use AG’s monthly service, of course, but if looking for an option we recommend doing some research first. To wit:
Gold is typically held physically in bars or rounds that range from as small as 1/10 of an ounce to a kilogram. The standard quality of gold fineness is .999, or 99.9%, pure. Gold in its purest form is too soft to handle, so an alloy like copper is added to keep the shape of the gold bar or round intact. Once you understand how to buy gold, here are some things to keep in mind:
Gold is a commodity
Any basic good used in commerce is a commodity. Historically, gold and other precious or noble metals (such as silver and palladium) have functioned as currency and a commodity. Gold is sometimes considered a fiat commodity, meaning it has qualities of a typical commodity, like oil or coffee, as well as the qualities of currency or other monetary assets.
Gold is different from many other commodities in that it can also have sentimental or collectible value, which makes its price more subjective. Compared to copper, tin, or lead, gold is more valuable because of its rarity, malleability, and resistance to corrosion.
Types of gold investments
Investors can purchase gold bullion or opt into gold-backed securities as an alternative to buying physical gold. In addition to bullion and coins, some of the most popular types of gold investments include mining stocks, exchange-traded funds (ETFs) and individual retirement accounts (IRAs). With all gold investments, the ultimate goal is to see the value of the metals increase over time and earn a net profit.
- Gold bullion: Bullion is bars, ingots or coins made of gold. Investors say bullion holds its value better than currencies. Many nations’ mints, including the U.S. Mint, produce numismatic coins for collectors and bullion coins for investors in addition to circulating coins for commerce. Bullion coins from some nation’s mints are considered more established and of higher quality than others and come with a higher premium. For example, the South African Mint is known for its quality Krugerrand bullion coins and also produces its country’s currency and commemorative coins.
- Gold jewelry and numismatic coins: Buying jewelry is an excellent way to invest in gold if you also want to wear it and pass it down through generations. Numismatic coins often carry additional value based on their rarity, artistry, condition, and history. Unique gold jewelry and special gold coins are often worth more than the value of their metal’s weight.
- Mining stocks: Mining stocks are a way to invest in companies that source gold through mines. With mining stocks, the value of your investment is tied to the companies and not the value of gold. Raw gold is sourced from mines all over the world, including South Africa, Russia, China, Australia and parts of the United States.
- Gold ETFs or mutual funds: Exchange-traded funds, or ETFs, are traded like stocks on the exchange. Gold ETFs are traded on the New York Stock Exchange, SIX Swiss Exchange, London Stock Exchange, Bombay Stock Exchange and Paris Bourse. Gold ETFs hold the value of the physical gold behind them. Gold mutual funds are issued with ETFs as their underlying asset. For example, SPDR Gold Shares (GLD) is a popular gold fund.
- Individual retirement accounts: Gold and silver can be included as an option for retirement planning. If you’re interested in IRA options for investing in gold or silver, read our Gold IRA Buyers Guide. Essentially, a gold IRA is similar to a traditional IRA, but physical gold backs the money you place in a gold IRA.
Read more at Consumer Affairs.
Buy Acre Gold or not: but if you decide to check it out, do us a solid and do it via our link.