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Schiff Gold Reviews

If you are considering purchasing precious metals, you must consider all the facts before making such an important decision. You can choose from many companies in the precious metals industry, but you will want to ensure they align with your wishes and desires.

In order to help you with your decision, we have decided to write a review on Schiff Gold, a precious metals dealer in New York City. In this review, we will tell you about the company, the founder, the pros and cons, products, services, ratings, reviews, and more.

We hope you will find this information valuable and make the right choice when investing.

About Schiff Gold, Formerly Known as Euro Pacific Precious Metals

Schiff Gold is a full-service precious metals company. It was named Euro Pacific Precious Metals until 2014 when the name was changed to Schiff Gold. The company was founded by Peter Schiff in 2010 and has been serving clients in the market for gold and silver coins and precious metals since then. Today, Schiff Gold is one of the most renowned precious metal dealers that sells the most popular bullion around the world.

Some services clients like to take advantage of when it comes to Schiff Gold are the physical gold IRAs and precious metals storage options. However, we have learned since researching the company that the services are limited compared to other precious metal dealers. This seems to be because the dealer is more committed to the value of precious metals than its other elements.

Who is Peter Schiff?

Peter Schiff is the founder and owner of Schiff Gold. He is an economist who started his silver and gold precious metals business in 2010. Mr. Schiff knew early in his career that he wanted to eventually open a business that focused on gold, foreign equities, and currencies.

He had always been a precious metals specialist but wanted to take his experience and skills further to open his own business. One of the main motivations behind opening his business was to offer brokerage services to clients who wanted to sell or buy gold and silver bullion.

Mr. Schiff was concerned that his clients were having difficulty choosing whether to invest in high-quality or low-price products, so he wanted to start a company offering both.

He also wanted to ensure that his clients had the opportunity to secure a steady and bright post-retirement and financial future for themselves. So, he opened Schiff Gold, formerly Euro Pacific Metals, to combat these issues and ensure that customers did not have to go into their hard-earned savings to begin investing.

In 2016, there were reports of Mr. Schiff selling the establishment for gold money, but he remains on the board.

Schiff Gold Pros & Cons

Whenever you are interested in a company, you must determine the pros and cons before investing in them. You should do this to see if the pros outweigh the cons and to find out if there is anything you ultimately cannot get on board with.

For your convenience, we are providing the pros and cons that we found on Schiff Gold below:

Pros

Cons

Even though the pros outweigh the cons in our review, you should do your own research to see if you have different pros and cons that may influence your decision differently.

Schiff Gold Products and Precious Metals

Schiff Gold commits to its customers, company goals, and services, but it is more dedicated to its products. In fact, the company was founded on putting the value of its precious metals and coins first.

If you are in the market for coins, liquid bullion products, or bars, you may be happy to know that Schiff Gold provides each of these. You may choose to receive these products in gold, silver, platinum, or palladium.

Schiff Gold makes it a priority to offer the most popular and highest-quality collector items. They know that their products are popular and will always sell out fast due to the price and demand. Here are a few of the precious metals and coins that they offer:

  • 1 Ounce Canadian Gold Maple Leaf
  • 1 Ounce Gold Bars
  • 1 Ounce Silver Maple Leaf
  • Silver Rounds
  • 1 Ounce Gold American Eagle
  • 1 Ounce Silver American Eagle

Depending on what you are looking for, you may be able to contact the company directly at 1-888-465-3160 to find out more. A customer service representative may answer any questions or address your concerns regarding the company's long-time precious metals and new special offers.

Schiff Gold Services

Schiff Gold offers various services for individuals and companies looking for a precious metals dealer. Below, we will tell you about some of the services offered.

A precious metals IRA:

Schiff Gold offers investors the option of starting a precious metals IRA. While a lot of people already have traditional IRA accounts, they can now add their precious metals to their existing IRA.

Rolling over your old IRA to the new IRA as well as converting your 401K to a precious metals IRA are also options for individuals interested in investing with this company.

A safe and secure storage service:

Schiff Gold works with international and domestic vault companies to ensure that your precious metals are always safe and secure.

They also allow you to have a full-security vault at your home. Therefore, you will never have to worry about if this company is dedicated to protecting your purchases.

Market research and analysis:

Schiff Gold uses data resources to keep its clients updated and informed about market developments relating to the precious metals industry.

Investors can check the company's website as well as social media accounts to access original commentaries and see a real-time price update on the value and price of precious metals. This may be extremely important when deciding which products to add to your investment portfolio next.

Safe, secure, and fast shipping:

The company's shipping partners include the U.S. government postal service corporation, the United Parcel Service, and FedEx Corporation. It usually takes around 1 to 2 days for processing. After that, you can expect shipping to take between 2 to 4 days. The company also offers shipping abroad.

It is important to mention that if you want your order quicker, orders placed by wire transfer are cleared and shipped faster than those paid by check.

An attractive precious metals buyback program:

Since it is common among investors to purchase precious metals and then decide they no longer want them, Schiff Gold offers an attractive buyback program. This means that whenever you decide that you would like to trade or sell your metals back to the company, they will gladly take them.

They also offer fair and reasonable buyback rates to show you that they stand by their products and clients.

Schiff Gold Prices

Unfortunately, Schiff Gold does not provide its prices anywhere on its website. Therefore, you cannot know how much their products cost until you reach the point of purchase. Even then, you must contact a precious metals specialist for assistance.

This may be seen as a red flag to some investors because it may make the company look less trustworthy. It may also make other companies that give prices seem more convenient as you do not need to contact customer service or wonder how much the product is beforehand.

In addition, many people simply do not want to waste their own time. For example, if the price is too high, they may feel like they wasted their time by reaching out. They also do not want to feel pressured or awkward if the fees are above their budget limit.

Schiff Gold Company Ratings, Reviews, and Complaints

We researched to find out if there were any ratings, reviews, and complaints regarding Schiffgold. We will provide the details below.

Better Business Bureau:

We searched for Schiffgold on Better Business Bureau (BBB), and found that they had an A+ rating. There are currently no complaints against the company and they have been in business since 2010.

TrustPilot:

When we searched for Schiffgold on TrustPilot, we found only 1 review and an overall total score of 3.2

Sitejabber:

We decided to check Sitejabber for any information on the company as well. This led to a blank page created for Schiffgold, but no reviews, ratings, or complaints were found. The company's old name brought us no luck either.

We believe it is very important to find as many reviews as possible as it proves that the company is legitimate, living up to its promises, and meeting customer satisfaction.

Is Schiff Gold Legitimate?

Since the company has been operating for over a decade, believe that it is legitimate.

For Whom Is Schiff Gold Best?

We believe Schiffgold is best for long-term investors who know and understand the process of investing or making a very important purchase. We think it is best for these individuals because there is a lot of information about the company, which could lead to a beginner investor becoming lost and making a mistake.

If beginner investors are interested in Schiffgold, they may be able to purchase or sell their precious metals with lots of help from a precious metals specialist and customer service representative. However, when it comes to a large purchase like this, you do not want to take a chance, or you could mess up your future.

Schiff Gold FAQ

The following are some commonly asked questions regarding Schiff Gold.

Mr. Schiff suggests investing 10 to 20 percent in gold. Since he is one of the wisest investors, these percentages are probably great to follow.

Peter Schiff is the founder, owner, and president of Schiffgold. However, there are reports of him selling the company for gold money in 2016, but he still remains on the board.

 

It is difficult to know for sure if Schiffgold is reputable. No reviews, complaints, or ratings are online, making it impossible to know what customers' experience has been like.

Final Verdict: Should You Choose Schiff Gold?

We cannot recommend Schiff Gold to anyone in the market for any type of metal for several reasons. While it seems to be located conveniently in the largest city in America, the company's lack of online prices, limited reviews, and ratings are red flags.

Without the proper knowledge of how customers feel about Schiff Gold or the price of products, we do not have enough information to endorse the dealer. Therefore, we believe there are far better companies that will meet your needs and provide the information you need to make a trusted purchase.

Overall, we think you should do your own research. If you think you can trust this company, that is your choice. However, we suggest taking your time and ensuring you want to invest your money in a company that does not provide valuable information.