If you’re interested in investing in gold, chances are, you’ve come across gold purchasing platforms: Augusta Precious Metals and Acre Gold. This article will compare both platforms to help you decide which service is best suited for your personal investment strategy.
Investing in precious metals
Gold and other precious metals are some of the world’s oldest stores of value. At one point in the not-so-distant past, paper currency was backed by the amount of a precious metal held by a reserve bank.
Now countries may have moved away from the gold standard, but as an investor, it might be a great way for you to increase your wealth through ownership of a tangible good. Although gold won’t make you a millionaire overnight from asset appreciation, it historically tends to increase in value as stock market valuations go down. The largest challenge investors like you might face when trying to invest in gold is finding reputable platforms to buy it at a fair value.
Fortunately, both Acre Gold and Augusta Precious Metals are platforms designed to help investors add gold (and other precious metals for the latter) to their portfolios. Like other investments, the key components to deciding whether to invest in gold should be your budget for investing and desired allocation of gold as part of your investment.
The main difference between the two platforms is fairly straightforward, Acre Gold is a budget-friendly way to invest in gold at small price points, while Augusta Precious Metals is meant to be used largely as a replacement to a traditional IRA or 401(K). Now that might be enough for you to make a decision, but let’s dive into the details of both a bit more to help you make an informed decision.
Acre Gold
Acre Gold at a high level is the easiest way to enter into purchasing small amounts of gold to gain some exposure to the precious metals vertical. Unlike other platforms which require high capital expenditures, Acre Gold lets investors start investing for as little as $30 per month. They do have plans that go as high as $250 per month, which equates to $3,000 per year which is still significantly lower than investment platforms’ outright costs. All of their plans ultimately go toward purchasing physical gold, ranging in grammage between 1 gram to 10 grams of gold.
The primary (and almost only) drawback of Acre Gold comes from the inability to accelerate your purchase. At present, they only allow for subscription-based buying. All purchased gold can either be shipped directly to the purchaser or stored for a small fee from Acre Gold.
Acre Gold Subscription Tiers
Acre Gold down to its buying is built around simplicity. They price out their gold into four subscription tiers, all of which go toward the purchase of the physical asset. Acre Gold separates both their digital (stored) and physical gold options into 4 tiers, based on what you are able to afford each month and your preference on the amount of gold desired.
- Tier 1: $30 per month towards 1 gram of gold
- Tier 2: $50 per month towards 2.5 grams of gold
- Tier 3: $100 per month towards 5 grams of gold
- Tier 4: $250 per month towards 10 grams of gold
Augusta Precious Metals
Similar to Acre Gold, Augusta Precious Metals allows you to invest in gold. However, this is where the similarities between the two in essence end. Unlike Acre Gold, Augusta Precious Metals requires a minimum deposit of $50,000 to start on the platform. Ultimately because it’s targeted at investors already investing in gold, or those looking to move their retirement fund away from traditional IRAs and 401(K)s to investing in gold and silver.
The ability to invest in both gold and silver through IRS-approved gold and silver coins. It also offers personalized service, along with excellent customer experience, and the ability to speak directly with its very knowledgeable staff.
Augusta Precious Metals’ ability to offer IRA services is ultimately their greatest value-add. However, purchase decisions are still ultimately up to the buyer. In this way, the platform acts as an enablement tool for purchasing more than anything else.
Just like Acre Gold, there is a lot more information about the company that you might want to look into in a full Augusta Precious Metals review.
Summary
Both Acre Gold and Augusta Precious Metals offer the ability to purchase gold directly. Their key difference exists in the price point at which it takes to enter them, and the type of investment you’ll be doing. Acre Gold is widely focused on those just starting to invest in gold and those that want to diversify slightly into gold, while Augusta Precious Metals is for those looking to invest in the precious metals’ vertical heavily.
Whether you choose Acre Gold or Augusta Precious Metals, investing is a big decision and there is always risk involved, so your personal due diligence and budgeting are always important.
Jeremy Biberdorf is a long-time internet marketing pro turned online entrepreneur and blogger. Check out his investing blog at Modest Money.
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