Introducing Robin Hood’s New Gold Giveaway: The Real Deal
Robinhood, an internet brokerage, is rounding up 2025 with a stunning attempt at real gold. The new event will reward a grand prize of 2,025 grams of gold, with 2,024 additional winners receiving 1-gram bars each.1
The company’s “Robinhood December Gold Bar Sweepstakes.” Robin Hood has a history of making waves with sparkling gold. Last month’s top prize was 1,000 grams, roughly half today’s top award. The remaining 999 awards were 2.5-gram bars.
The current top reward is approximately 65 troy ounces of gold, or 2,025 kg. Although the price of gold fluctuates daily, as of Tuesday, December 9, that amount would be equivalent to more than $273,880. At today’s prices, one gram of bar is almost $136.
How to Participate and What You Need to Agree To.
The standard entry procedure for the contest requires a valid W-9 form, an active Robinhood Gold membership, and a Robinhood brokerage account.1 That’s because the program’s primary goal is to make net contributions to your Robinhood brokerage account. Membership must be active as of 11:59 p.m. Eastern Time on December 17 to be eligible for the $5 monthly or $50 yearly Gold subscription.
You can make as many deposits as you want throughout the sweepstakes period, and every dollar you put in earns you one entry.1 Your funds must remain in your account until at least December 17 for them to be tallied, as withdrawals reduce your total entries.1 Furthermore, each individual is limited to 1,002,000 submissions.
However, entering via mail requires neither a Robinhood account nor a Gold membership.1 Each valid mail-in entry is worth 3,000 sweepstakes entries, provided it is received by the deadline and meets all of the official requirements.1 The regulations for Robinhood’s contest include specific instructions.
Is Taking a Chance on Gold Worth It?
Putting money into your brokerage account and keeping it there until after December 17 is the primary way for current Robinhood Gold users to enter the sweepstakes. Any interest your funds may lose owing to the impending holding period is virtually nonexistent at this point.
Individuals who are not currently Gold members follow a different formula. To be eligible for deposit-based entries, you must join Robinhood Gold for $5 per month or $50 per year, unless you pick the snail-mail entry method.31 Membership offers a variety of perks, including lower mortgage rates, access to Morningstar research, and a 3% matching contribution on IRAs. Other requirements include a one-year holding period to qualify for the match and a five-year holding period to avoid paying an Early IRA Match Removal Fee.
The heroic Robin Hood. “What’s Robinhood Gold?” However, the value is determined by your actual use of those traits.
You can enter the contest with only $5 and the inconvenience of depositing funds into your Robinhood account, because you can cancel Gold after one month. Your ambition to earn the gold prizes, as well as your ability and willingness to contribute financial resources until December 17th, will determine whether the effort is worthwhile.
But remember, this is a sweepstakes, so keep your ego in check: you have a slight chance of winning anything, let alone a 1-gram gold bar. If you do not find a Robinhood trading account or a Gold membership appealing, the gift may not be worth it.
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