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As you consider investing in precious metals, you will likely come across many company names, such as the Oxford Gold Group. Today, we will look at this company in depth.
Is Oxford Gold Group a legit company? What kind of services does Oxford Gold Group offer? What are customers saying? We will answer these questions as you read through our Oxford Gold Group review.
Oxford Gold Group is headquartered in Beverly Hills, California, and opened its doors in 2017. The company's goal is to guide its customers through investing in physical precious metals both inside and outside of a precious metals IRA.
The company offers a wide array of gold bullion and other precious metals to help customers with their IRA investments and diversify their investment portfolios. The company partners with Brinks and the Delaware Depository to store gold safely and securely.
This section is probably the number one reason you are reading this review. People want to know about a company's rating and what its customers say. Is Oxford Gold Group everything it promises to be for its customers, or does it fall short?
When we begin researching a company like Oxford Gold Group, our primary focus is learning as much as possible. We want to know if there have been any major complaints or lawsuits. Below, you will find details on what we discovered as we researched beyond Oxford Gold Group's website.
We first checked out the Better Business Bureau profile of Oxford Gold Group to see their ratings. The company was accredited by the Better Business Bureau since 2018.
At present, the company has had their accreditation revoked, and has a rating of F, with a current alert for the number of complaints they have received recently.
We read through each complaint, each of which most revolved around what appears to be fraud and mismanagement of clients' precious metals investments. Non-delivery of precious metals, lack of communication, misrepresentation, and financial losses.
Oxford Gold Group has 4.1 out of 5 stars on Google Reviews. This star rating is based on 247 customer reviews – many of which were recently posted as 1 star reviews.
As we say time and time again, no company is perfect. Companies selling precious metal products are going to have unhappy customers from time to time, but this should not be the norm. The following are the pros and cons we discovered about the company.
Pros
Cons
Oxford Gold Group is a legitimate company, but as of August 2024 it appears the company is having numerous complaints assessed against it for non-delivery of precious metals, lack of communication, misrepresentation, and financial losses.
Many people are happy with the gold IRA services they have received from Oxford Gold Group. Some customers complained that only two employees handle every average IRA client.
Oxford Gold Group has a wide array of products and services offered to its customers. These services will appeal to the average IRA client. Oxford Gold Group offers the following services:
Oxford Gold Group has partnered with two of the most-trusted IRA custodians, Equity Institutional and Strata Trust Company. This partnership allows them to offer a flat fee structure for their customers.
It is important to understand that you cannot store your gold at home with a precious metal IRA. The IRS requires you to store your metals in a third-party depository, such as Delaware Depository. With this Oxford Gold Group partner, your silver and gold coins will be safe.
The company offers a blog that is updated regularly with new content. The blog provides information on opening a self-directed IRA, investing in physical gold, and how to choose the correct metals.
The Oxford Gold Group blog is full of information that helps investors use their retirement accounts wisely. The subject of these blog articles will help you improve your financial outlook and learn how to work with approved IRA custodians, such as Equity Institutional.
Oxford Gold Group offers many gold and silver coins. Unfortunately, the prices are not listed on the Oxford Gold Group's website. The following are some coins included in the Oxford Gold Group offer:
Oxford also offers platinum and palladium coins and bars. Consider the following in your search for precious metals:
When it comes time to withdraw precious metals from your account, Oxford offers a generous buyback program. In fact, they offer both a buyback program and a flat fee service for their customers. They will be there for their customers when they buy precious metals and when they need to sell them.
The fees charged by this precious metals IRA provider are on par with most other companies. Oxford Gold Group charges an annual flat fee based on the IRA's size. The annual fee ranges from $175 to $275 at the time of this writing.
There are also annual storage fees paid. These range from $175 to $225 each year, depending on your storage options and the depository. With a new self-directed IRA, you cannot store your precious metals in a personal safety security box.
If you have an existing IRA, you are well on your way to getting started investing in precious metals. The process is not difficult, even if you need to open self-directed retirement accounts. Companies like Oxford handle most of the paperwork as they work with their current IRA custodian.
You will need to complete the application online to open your retirement account with Equity Institutional. After completion, you will simply need to sign and submit your identification. Your new account will typically be open in 24 hours.
Once your account is open, you will need to fund it so you can begin to buy precious metals. You can contribute money to your account with a rollover or wire transfer. You can also carry out an IRA transfer for your new tax-advantaged account.
As you can see, Allegiance Gold's products vary considerably, and the above is just a small snippet of the gold and other precious metals that are available from Allegiance Gold.
With a precious metals investment, you can successfully diversify your investment portfolio, hedge against inflation, and see improved retirement funds.
Whether you are interested in the Palladium Canadian Maple Leaf, the Silver American Buffalo, or the Platinum American Eagle, custodial services will help you shop for your self-directed IRAs.
There are many reasons people invest in precious metals. One of the most common reasons is diversification. You could lose money quickly if all your retirement accounts are tied up in the stock market.
Diversification is essential in today's economy. Metals also act as a hedge against inflation. They typically retain their value, even when Fiat currencies begin to fall.
You have the option of investing in precious metals without the need for paying maintenance or storage fees, though you should be careful when self-storing any metals. Storing precious metals at home can be risky because of theft.
The following are some of the top benefits of investing in precious metal IRAs:
As you can see, there are many benefits to investing in a gold IRA. Once you decide to invest in precious metals, you need to know which company to choose to guide you through the process.
Investing in a gold IRA is not overly difficult, but you will need an IRA custodian and a depository for storing your gold. The Oxford Gold Group partner makes the process of opening precious metals IRAs much easier.
Most of Allegiance Gold's fees are charged as flat fees. Flat fees are preferable over scaled because you will not have to pay more if you have a larger account.
We have attempted to be transparent with the details we have provided about this precious metal IRA company. As people begin searching for a no-fee liquidation program, Oxford will undoubtedly be a choice, but are they the right one?
Can you feel confident when you buy metals from Oxford? The following are some of the top questions people have about this company and the process of investing in precious metal IRAs.
Oxford Gold Group is a good company with a fairly solid reputation. There have been some complaints over the years, but these were all 100% resolved by the owner.
This company is not perfect. You will never find one that will entirely meet your needs.
Patrick Granfar owns Oxford Gold Company and is the CEO. He has worked in the precious metal industry for many years, including those spent working in some of the top competitors of Oxford.
You can buy from many sources, including pawnshops, private sellers, auctions, estate sales, and more. Some people even purchase this commodity from yard sales and flea markets.
You can buy precious metals online by visiting dealers like Oxford. There are many to choose from, so make sure you are cautious.
Always remember, if the deal sounds too good to be true, it likely is. Consistently know the spot price at the current moment before buying for your taxable accounts.
The best company to buy metals from is Goldco. We cannot recommend this company enough because they offer the highest level of customer service and make buying metals much easier and less stressful.
At the time of this writing, Oxford no longer seems to be a solid company, and has a dwindling reputation. We cannot recommend them to our readers because we feel better options are available. Any company can experience an issue that leads to customer stress, but this appears excessive.
We recommend you choose the very best company you can find before investing in precious metals. Do not put your hard-earned money into the hands of companies that may not be able to offer the level of service you need.
The information provided in this website is intended solely for educational purposes and general informational use. It is not intended as, nor should it be considered, financial or investment advice. Investing in gold or any other financial asset carries inherent risks, and decisions regarding investments should not be made solely based on the information presented here.
We strongly recommend that you consult with a licensed and qualified financial advisor or investment professional before making any investment decisions. They can provide you with personalized guidance and take into account your individual financial situation and goals.
We do not assume any responsibility for the accuracy, completeness, or suitability of the information provided on this website for your specific circumstances. Any reliance you place on such information is strictly at your own risk.
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