When it comes to investing in precious metals, finding a reliable and trustworthy partner is crucial. With so many companies claiming to be the best in the business, how do you know which one to choose?
In our Oxford Gold Group review, we’ll take a closer look at the company to see if it lives up to its reputation as a legitimate precious metals IRA company. Is Oxford Gold worth considering for your investment needs? Let’s find out.
Pros
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Oxford Gold Group is a reputable company offering precious metal IRAs and investments with excellent customer service.
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The majority of customers have had positive experiences with Oxford Gold Group.
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Oxford Gold Group's account opening process is quick and easy.
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The company has great customer service.
Cons
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Oxford Gold Group been receiving an increasing number of complaints on the BBB (Better Business Bureau) since the beginning of 2023. A total of 17 complaints have been received from customers over the course of 3 years, with 13 of those received in the last 12 months.
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The fee structure isn't transparent; the first-year fees are significantly higher than those of some other precious metals IRA companies.
If you want to open a gold IRA with Oxford Gold Group, we recommend Augusta Precious Metals as a better alternative due to their exceptional customer service, transparent pricing, and solid reputation in the industry. Download Augusta Precious Metals' free gold IRA guide to learn more about gold IRA scams, precious metals dealers' lies, and some pitfalls associated with gold investments.
Oxford Gold Group Precious Metal IRA: Overview
Oxford Gold Group is a reputable company specializing in precious metal IRAs and physical precious metal investments. Founded in 2017, the company has quickly gained a positive reputation in the industry, setting itself apart with their commitment to customer service, meticulous attention to client needs, and adherence to ethical practices in a sector often characterized by questionable practices.
Many investors wonder, “Is Oxford Gold Group legit?” and the company’s track record speaks for itself. With the Oxford Gold Group store, clients can access a wide range of investment options to suit their needs. For more information, visit the Oxford Gold Group website.
But what exactly does Oxford Gold Group offer, and how do their services stack up against the competition?
Company background
Established in 2017, under the leadership of its current President, Patrick Granfar, Oxford Gold Group has rapidly developed a strong and positive reputation within the industry. As a privately held company, they have been able to focus on providing exceptional service to their clients, gaining recognition as a trustworthy provider of precious metal investment services.
Their commitment to customer service and satisfaction has been the cornerstone of their success, and they have been able to build a loyal customer base that continues to grow. They offer a wide range of services, including gold and silver bullion, coins, and more.
Services provided
When it comes to services, Oxford Gold Group offers a wide range of options for investors. They provide Gold IRAs and sell precious metals directly to customers, including gold, silver, platinum, and palladium coins and bars from various countries. By investing in physical precious metals, you can safeguard against potential stock market declines and concerns about the dollar’s potential devaluation.
In addition to their precious metal investment services, Oxford Gold Group also offers educational resources for investors. Their comprehensive investor kit, available through their website, includes a 15-page PDF detailing information on precious metals, storage depositories, and diversification options. This valuable resource can help both new and experienced investors make informed decisions about their precious metal investments.
Oxford Gold Group Pricing and Fees
When considering a precious metals IRA provider, it’s important to understand the costs involved. Oxford Gold Group charges a flat fee for account setup and maintenance, which ranges from $175 to $275 per year. Storage fees range from $100 to $200 per year. Additionally, there may be additional fees for services such as paper statements and other services.
Let’s take a closer look at these fees to help you make an informed decision.
Setup and maintenance fees
Oxford Gold Group charges an annual flat maintenance fee for precious metal IRAs, which ranges from $175 to $275 per year. Accounts with less than $100,000 will incur an annual fee of $175. Accounts with a balance higher than $100,000 will be charged a fee of $225.
Keep in mind that these fees are competitive when compared to other precious metals dealers, and they contribute to the overall cost of investing with Oxford Gold Group.
Storage fees
Storage fees for your precious metals with Oxford Gold Group generally average from $175 to $225 a year. These fees help cover the costs of securely storing your precious metals at one of their chosen depositories, ensuring the safety and security of your investment.
It’s also worth noting that rebates may be available for larger accounts, making it even more cost-effective for investors with significant holdings.
Additional fees
While Oxford Gold Group strives to keep fees as low as possible, there may be additional fees that apply in certain situations. For example, there may be fees for paper statements or other services not included in the standard account fees.
It’s essential to understand these potential fees when considering a precious metals IRA provider, so you can make the most informed decision for your investment needs.
Oxford Gold Group Reviews
Overall, Oxford Gold reviews have been quite positive, with many customers praising the company’s professionalism, responsiveness, and friendly service.
However, as with any company, there are always areas for improvement. In this section, we’ll explore both positive feedback and areas where Oxford Gold Group could improve to provide an even better experience for their clients.
Overview of Oxford Gold Group reviews and ratings:
| BBB (Better Business Bureau) | 94 reviews (4.9/5 average rating) |
| Consumer Affairs | 106 reviews (4.7/5 average rating) |
| Google Reviews | 195 reviews (4.8/5 average rating) |
| Trustpilot | 181 reviews (4.7/5 average rating) |
Positive feedback
Customers have consistently praised Oxford Gold Group for their professionalism, responsiveness, efficiency, and friendly service. They have also noted that the company guided them through the entire process, educated them on the advantages and disadvantages of precious metal IRAs, and answered their queries in detail.
With an A+ rating from the Better Business Bureau, a 4.8/5 rating on Google, and a 4.9/5 rating on Trustpilot, it’s clear that Oxford Gold Group has established itself as a legitimate and trustworthy provider of precious metal investment services.
Oxford Gold Group Complaints and areas for improvement
While the vast majority of feedback regarding Oxford Gold Group has been positive, there are some areas where the company could improve. For example, some customers have noted that delivery of physical metals took longer than anticipated. Additionally, a few customers have mentioned that the company could be more transparent about fees and precious metal prices.
Finally, limited customer service hours may be a concern for some investors. Addressing these areas of improvement could help Oxford Gold Group continue to enhance its reputation and attract even more satisfied clients.
Security and Storage of Precious Metals
Ensuring the security and storage of your precious metal investments is of utmost importance. Oxford Gold Group has made it a priority to partner with secure depositories for storage, offer comprehensive insurance and protection, and provide access to investment performance for their clients.
Let’s explore the measures in place to protect your precious metals and keep your investments safe.
Depository partners
Oxford Gold Group has created alliances with two reliable depository partners. These are Delaware Depository, situated in Wilmington, Delaware, and Brinks Depository located in Salt Lake City, Utah. Both of these locations are insured by Lloyds of London and boast state-of-the-art security technology and highly trained personnel.
By partnering with these secure depositories, Oxford Gold Group ensures that your precious metal investments are well-protected and safely stored.
Insurance and protection
In addition to partnering with secure depositories, Oxford Gold Group provides insurance and protection for your precious metal investments through Lloyds of London. This esteemed insurance provider utilizes state-of-the-art technology and highly trained staff to guarantee the safety of your investments.
With constant monitoring and rapid response to any potential risks, Lloyds of London ensures that your precious metals are well-protected at all times.
Access to investment performance
Oxford Gold Group understands that keeping track of your investment performance is crucial for informed decision-making. That’s why they provide investors with an online account portal and quarterly electronic statements to track the performance of their precious metal investments.
This allows you to review your portfolio performance, including profits and losses, as well as the current market value of your investments, ensuring you have all the information you need to make the best decisions for your financial future.
Diving into Precious Metal IRAs
Precious metal IRAs are self-directed Individual Retirement Accounts that hold gold bullion and other approved precious metals as defined by the Internal Revenue Service. By investing in a precious metal IRA, you can enjoy tax advantages, a variety of investment options, and professional account management. Precious metals IRAs offer a secure and diverse investment opportunity for your retirement planning.
Let’s delve deeper into these benefits and how Oxford Gold Group can help you make the most of them.
Tax advantages
One of the primary benefits of investing in a precious metal IRA is the potential for tax-deferred growth. This means that your investments can grow in value without being taxed while they are held in the account.
When it comes time to withdraw funds, however, you may be subject to taxation, with the standard rate for collectibles being 28%. This tax advantage can provide great value to investors, allowing them to maximize the growth of their investment strategies.
Investment options
Oxford Gold Group offers a variety of investment options for precious metal IRAs, including gold, silver, platinum, and palladium coins and bars. This enables investors to diversify their portfolios and capitalize on the performance of different precious metals within the market.
The account partner will guide you through the investment options to ensure you make the best decisions for your financial goals.
Account management
To ensure a smooth and seamless experience, Oxford Gold Group provides experienced IRA account managers to assist clients in understanding the process of opening, funding, and investing in a gold IRA. They also specialize in converting existing IRAs or eligible 401(K) plans into gold or other precious metals, providing clients with competitive pricing and excellent customer service throughout the entire process.
From setting up your account to selecting the right precious metals for your investment needs, Oxford Gold Group’s account management services make it easy to take control of your retirement savings.
Comparing Oxford Gold Group to Alternatives
Before making a final decision on whether to invest with Oxford Gold Group, it’s important to compare them to other alternatives in the market. Doing so can help you make an informed decision and diversify your investments, ensuring you have a well-rounded portfolio.
In this section, we’ll explore how Oxford Gold Group compares to other precious metal IRA providers and discuss the importance of diversifying your investments.
Competitor analysis
When comparing Oxford Gold Group to other precious metals dealers, it’s essential to consider factors such as fees, services, and customer reviews. As we’ve seen, Oxford Gold Group’s fees are competitive, and their services provide a convenient option for investors looking to diversify their portfolios with precious metals. Some alternative precious metal IRA providers to consider include Augusta Precious Metals, Goldco, and Birch Gold.
Customer reviews for the company have been largely positive, with many praising their professionalism, responsiveness, and friendly service. By comparing the Oxford Gold Group cost to other dealers, you can make an informed decision on whether Oxford Gold Group is the right choice for your investment needs. To further support your decision, consider checking out oxford gold group reviews online.
Diversifying investments
Diversifying your investments is a crucial aspect of any successful investment strategy. By exploring other precious metal IRA providers or different investment options, you can mitigate risk, enhance potential returns, and stabilize your portfolio.
Additionally, diversifying your investments with various precious metals, such as gold, silver, platinum, and palladium, can help ensure a well-rounded portfolio that can weather market fluctuations and provide long-term growth through precious metals investing in the precious metals market.
Opening an Account with Oxford Gold Group
If you’ve decided that Oxford Gold Group is the right choice for your precious metal investments, opening an account is a simple four-step process. In this section, we’ll walk you through the steps required to open an account, transfer funds, and begin investing in precious metals with Oxford Gold Group.
The first step is to create an account. You can do this online or by calling our customer service team. Once your account is created, you’ll need to transfer funds into your account. This can be done via bank transfer or credit card.
Account creation
To get started with the Oxford Gold Group, you can either visit their website or call (877) 544-1523 to speak with an account manager who will assist with your new customer application. This process is quick and straightforward, allowing you to begin your journey with precious metal investments as soon as possible.
Whether you prefer to handle the process online or over the phone, Oxford Gold Group’s knowledgeable representatives are there to help you every step of the way.
Fund transfer
Once your account is set up, you’ll need to transfer funds to get started with your precious metal investments. Funding your Oxford Gold Group account can be done by transferring funds from an existing IRA or other retirement account, as well as from a bank account or other financial institution.
Your dedicated partner will review the necessary paperwork and procedures with you, ensuring a seamless transition of funds into your new gold IRA account.
Metal selection
With your account funded, it’s time to purchase precious metals you’d like to invest in. Oxford Gold Group offers a variety of precious metal coins, including gold coins, silver, platinum, and palladium coins and bars for your investment needs.
Your account partner will guide you through the investment options, helping you make the best decisions for your financial goals. This personalized service ensures you have the support and expertise needed to make the most of your precious metal investments.
Metal shipping
Oxford Gold Group handles the shipping and storage of your precious metals, ensuring a hassle-free experience for their clients. Once you have made your metal selections, they will ship them to the designated depository for secure storage in your account.
You have the option to sell or withdraw the metals at any time, providing flexibility and control over your investments.
Withdrawing investments from an Oxford Gold Group IRA
If you decide to withdraw from your Oxford Gold Group IRA, it’s important to understand the potential penalties and options available to you.
In this section, we’ll explore the penalties for early withdrawals and the two withdrawal options you can choose from.
Early withdrawal penalties
Should you choose to withdraw from your Oxford Gold Group IRA before the age of 59 12, you may be subject to a 10% early withdrawal penalty. There are, however, some exceptions to this penalty, such as withdrawals for medical expenses, education expenses, and certain other qualified expenses.
It’s important to consider these potential penalties when making decisions about your precious metal investments.
Withdrawal options
When it comes to withdrawing from your Oxford Gold Group IRA, you have two options: selling the metals in your account or taking physical possession of the metals. To sell your metals, you can contact Oxford Gold Group to arrange for the sale, and they will provide you with a quote and guide you through the process.
If you prefer to take physical possession of your metals, simply contact the company to arrange for shipment, keeping in mind that you will be responsible for any shipping and handling fees associated with the delivery.
Frequently Asked Questions
Is Oxford Gold Group a reputable company?
Overall, there is strong evidence to suggest that Oxford Gold Group is a reputable company. Its ratings from various sources demonstrate its commitment to professionalism and customer satisfaction, making it a safe choice when looking for precious metal investments.
The company has been in business for over 20 years and has a long track record of success. It is also a member of the Better Business Bureau, which is a sign of goodwill.
Who owns Oxford gold?
Oxford Gold Group is co-owned by company president Patrick Granfar and headquartered in Beverly Hills, California. Oxford Gold Group specializes in gold and precious metal investment services, making them an excellent choice for those looking to diversify their portfolios.
As such, Patrick Granfar is the proud owner of the Oxford Gold Group.
How much is Oxford Gold Group?
Oxford Gold Group is a world-renowned gold trading firm which has achieved a market capitalization of $10 billion as of 2023, according to CBS News. Thus, it is undoubtedly a highly successful and profitable company.
What are the pros and cons of a gold IRA?
On the one hand, investing in gold IRA accounts can be a great way to protect your investments against inflation and diversify your portfolio. On the other hand, contributions are limited and returns tend to be lower than with other investment options.
Ultimately, it is up to you to decide if gold is the right option for your financial goals.
What types of precious metals can I invest in with Oxford Gold Group?
At Oxford Gold Group, you can invest in the four most popular precious metals: gold, silver, platinum, and palladium. Investing in these metals with Oxford Gold Group gives you access to a safe and trusted market. You can also purchase physical metals and store them in a secure vault.
Oxford Gold Group Reviews: Summary
In conclusion, Oxford Gold Group has established itself as a reputable and trustworthy provider of precious metal IRA services and physical precious metal investments. With their commitment to customer service, diverse investment options, and transparent fees, they offer a solid choice for investors looking to diversify their portfolios and safeguard their financial future. If you’re considering investing in precious metals, we encourage you to explore Oxford Gold Group as a potential partner in achieving your financial goals.
