Buyer be away
For every 1gram you buy Metfolio takes £80+ premium
Be Careful Before Investing Through This App
Please read carefully before investing through this application, as you may end up losing a significant amount of money.
This application allows you to buy fractions of a gold coin or gold bar based on the current gold price. On the surface, the concept sounds appealing, especially for people who cannot currently afford to buy a full coin or bar outright.
However, what is not immediately apparent is that if the market price of gold is, for example, £100 per gram, you would reasonably expect a £100 purchase to give you approximately 1 gram of gold. In reality, you may receive only around 0.5 grams. The difference is not clearly explained during the purchase process.
It is only after making enquiries or submitting a complaint that the automated chat system explains that additional costs and charges have been applied.
To put this into perspective, a gold coin containing almost 8 grams of gold would cost around £1,600 through this application. The same coin could be purchased directly elsewhere for approximately £800. In other words, you could end up paying nearly double the market value.
Another major concern is that you cannot simply withdraw or refund your money. The only way to take delivery is to accumulate enough gold to obtain a full coin or bar, effectively forcing you to continue purchasing until you reach that threshold.
The alternative is to “scrap” the gold, which is their term for cashing out. However, doing so results in a substantial loss, often around 50% of the amount you have paid.
Please read other reviews before investing. You will find many experiences similar to mine. I only wish I had read those reviews before investing, as this has resulted in a significant financial loss.
This application allows you to buy fractions of a gold coin or gold bar based on the current gold price. On the surface, the concept sounds appealing, especially for people who cannot currently afford to buy a full coin or bar outright.
However, what is not immediately apparent is that if the market price of gold is, for example, £100 per gram, you would reasonably expect a £100 purchase to give you approximately 1 gram of gold. In reality, you may receive only around 0.5 grams. The difference is not clearly explained during the purchase process.
It is only after making enquiries or submitting a complaint that the automated chat system explains that additional costs and charges have been applied.
To put this into perspective, a gold coin containing almost 8 grams of gold would cost around £1,600 through this application. The same coin could be purchased directly elsewhere for approximately £800. In other words, you could end up paying nearly double the market value.
Another major concern is that you cannot simply withdraw or refund your money. The only way to take delivery is to accumulate enough gold to obtain a full coin or bar, effectively forcing you to continue purchasing until you reach that threshold.
The alternative is to “scrap” the gold, which is their term for cashing out. However, doing so results in a substantial loss, often around 50% of the amount you have paid.
Please read other reviews before investing. You will find many experiences similar to mine. I only wish I had read those reviews before investing, as this has resulted in a significant financial loss.
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Metfolio
A perfect place to invest in gold, you can buy gold at a pace that suits yourself (monthly or one off payment) and when you have gold invested, you can convert this into physical gold (sent to your door), the process is easy, Thanks
Only started
Hopefully this app it’s very helpful
Scam. You make them rich.. over charge for gold
They over charge for gold and trick you… when you redeem your gold they will give you very low price and they will cut like 5g of gold from you amount without even saying or showing.. on the screen you will see lower amount then you actually have.. Refund all my money you scammers.. this is no saving.. they selling you over price so you have to wait like 10 years even to make any money if so..
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