31p1.com is a company that was started in the US in 2015 to help individuals open Gold savings accounts online.
It claims to sell 99.99% pure Gold and that individuals who sign up for the 31p1.com Gold savings account can customize their investment plans by saving according to their budget.
31p1.com is listing their phone number as +1 (888) 688-3171 and email address as email@example.com.
However, this does mean that the website can be trusted 100% without asking questions upfront.
Because there are many Gold scams on the internet lately, it’s our job to educate investors and the only way to do it is to look for tell tale signs on a purported Gold investment website like 31p1.
Edits: It is safer to trade the financial markets than to purchase Gold from a shady dealer. If you don’t know how to trade, please use these trading resources.
One look at the website of this Gold dealer suggests that they are professional but most importantly desperate to let as many people as possible “buy their Gold”.
The promotion materials have managed to create a sense of urgency by telling readers that there’s need to invest in Gold to escape inflation.
The other message that the vendor wants to pass across is that they’re helping people develop a savings habit instead of spending.
31p1 also claims that they have signed up some 2,000 customers to their platform, yet the alexa ranking on their website suggests that they’re not getting a very huge traffic to convert this number of customers.
The website is targeting both individual Gold investors and employers.
Nevertheless, we still find it a very strange website because it’s not a popular Gold buying destination like some of its competitors.
There are no reviews talking about 31p1 anywhere on the internet except in the infamous Trustpilot website.
Furthermore, they claim to have a BBB.org badge and reputation but that page is a 404.
Link can be accessed here: bbb.org/us/nm/artesia/profile/precious-metal-dealer/31point1-llc-0806-99166899/#sealclick
A 404 basically means that someone removed or deleted the page and it no longer exists.
But why would someone do this to 31p1? Does it mean their BBB profile was getting too many negative feedback?
This is a classic sign that something is wrong.
How much does 31p1 sell Gold for?
Their website claims that the subscription cost for Gold is as little as $4. 99 per month.
And then the price of 24 carat Gold is $999. Currently, 1 Carat Gold Price = $11.124 USD.
I don’t know whether this is a typing error. Someone clearly needs to edit this part of their website to reflect accurate prices.
Otherwise, lack of clear communication makes them look bad in the eyes of potential investors.
31p1 Gold Vaults
One of the characteristics of a Gold scam is that they’ll tell you they’ve prepared Gold vaults where the precious metal is stored when that is not the case.
31p1 tells us the same story but we have no proof of vaults existing in Mexico belonging to this company.
It can be difficult verifying the authenticity of their statement without actually traveling to Mexico to verify it ourselves.
Who are the people behind this company?
The website does not have an about us page.
They just provide a short paragraph at the footer where they explain that 31p1 is helping save time by allowing the process of purchasing Gold to be fully digital.
They say nothing about company executives or the people in charge of their website’s operations.
I’ve searched online for additional details but all I can find is that 31p1 has between 11-50 employees.
I can’t find their company or tax registration number either.
This is quite weird as I expected a company that has existed for 5 years to provide these details in all their online profiles.
Is there a ready market?
Before you invest with a company like 31p1, you need to ask yourself how you can get your money out.
Their website states that they will help you get your money out if you’re in a financial emergency.
So, the question is, can we sell this Gold at any time we choose to?
Their FAQ section should have provided additional details regarding liquidating this Gold.
Unfortunately, this is not the case.
Most companies offering Gold savings accounts will attract some kind of public feedback.
31p1 has created a TrustPilot profile page with 16 feedback from people who purport to have used the service.
Trustpilot is however a shady reputation management website that cannot be trusted.
As a matter of fact, scammers and shady vendors use the platform to manipulate reviews.
As long as they pay for their profiles, they can post as many fake reviews as possible.
That said, we think 31p1 is a high-risk Gold investment website.