Oxford Gold Review 2024: Pros, Cons, and Pricing

If you’re searching for the best gold IRA company, Oxford Gold Group is worth considering. We understand the significance of making the right choice when selecting a company, and we’re here to provide valuable insights that can assist you in your decision-making process.

Our extensive research has evaluated many companies, including Oxford Gold Group, considering important factors like customer service, reputation, and investment choices. By comparing these leading companies against each other, you can choose the one that best aligns with your needs and investment goals.

Now let’s dive into the rich history of Oxford Gold Group while exploring its distinctive features, advantages, disadvantages and unique offerings. We will also examine how they can help safeguard your wealth. Get ready for an enlightening journey where gold, wisdom, and prosperity converge within the world of Oxford Gold Group.

What Is Oxford Gold Group?

Oxford Gold Group presents a range of investment options, including gold IRAs, 401ks, silver IRAs, and precious metals IRAs. They’re an authorized dealer of precious metals recognized by the IRS for IRA investments. These offerings encompass coins and bars made from gold, silver, platinum, and palladium.

Besides their investment products, Oxford offers the expertise of IRA account managers to assist clients in comprehending the intricacies involved in opening and funding a gold IRA account. They provide guidance on selecting the most suitable metals for purchase. To ensure secure storage of clients’ gold IRA metals (as home storage isn’t permitted by the IRS), Oxford has partnered with reputable entities such as Brinks Global Services and the Delaware Depository Service Company.

What Does Oxford Gold Group Offer?

Oxford provides two distinct types of customer engagements. The first is tailored for individuals investing in precious metals, while the second caters to those who are interested in a self-directed IRA for their retirement savings. Under IRS regulations, investment options within these relationships encompass physical metals like gold, silver, palladium, and platinum.

Gold IRA

Investing in an Oxford Gold IRA provides the opportunity to allocate funds towards tangible metals like gold, silver, platinum, and palladium. This account permits the inclusion of paper assets such as mutual funds, exchange-traded funds (ETFs), futures for precious metals, and mining stocks.

To comply with IRS regulations, all physical assets must be securely stored in a depository certified by the IRS. A certified custodian manages purchases and sales on behalf of the account holder.

Silver IRA

The primary focus of an Oxford Silver IRA is to invest in silver. The IRS regulations allow for a wide range of metals to be held in these accounts, including gold, silver, palladium, and platinum.

Precious Metals IRA

To meet the IRS’s requirements for self-directed accounts, a precious metals IRA must adhere to specific legal standards. An approved trustee is responsible for storing any physical coins, bars, or ingots in an IRS-sanctioned depository.

The coins held in the account must meet certain criteria. When opening these accounts, only cash can be used. It’s not possible to contribute precious metal coins or transfer them from another account.

401(K)

An employer-sponsored retirement plan, known as a 401(k), allows both the employee and employer to contribute. These plans offer options for investing in gold through exchange-traded funds and stocks related to gold mining, rather than physical metals.

To avoid any penalties imposed by the IRS, Oxford Gold Group can assist in setting up a new gold Individual Retirement Account (IRA) by rolling over assets from an existing 401(k) within a 60-day period. This process involves withdrawing funds from the old 401(k) and depositing them into the new gold IRA.

Gold Coins and Bars

Oxford Gold Group possesses the expertise to facilitate the acquisition of tangible assets for individuals who own IRA accounts. The company is proficient in acting as an intermediary for those interested in investing in precious metals outside of their IRAs.

When it comes to gold coins, customers have a wide array of options to choose from, including the American Eagle, South African Krugerrand, Canadian Maple Leaf, as well as coins produced by renowned mints such as those in Great Britain, Austria, and Australia.

Silver Coins and Bars

The Oxford website provides comprehensive explanations about the various coins that are offered for sale, along with important details for collectors.

An instance of this is the iconic Walking Liberty half dollar, which consists of 90 percent silver or approximately .3617 ounces, and was minted between the years 1916 to 1947. If you’re interested in knowing the current price of these coins or any others, simply provide your name and phone number to receive a quote.

Platinum Coins and Bars

Platinum, a precious metal that’s silver in color and heavier than gold, is highly sought after in industries such as auto manufacturing and medical devices due to its rarity, high melting point, and resistance to corrosion and chemical attack.

Unlike gold, platinum is primarily mined in South Africa and its price tends to be more unstable. Oxford Gold Group offers platinum in the form of coins or bars for retirement investors and short-term speculators.

Palladium coins and bars

The inclusion of palladium in self-directed IRAs has been sanctioned by the IRS as well. Palladium, the scarcest among the precious metals, finds application in diverse industries and serves as a vital element in many catalytic converters.

Jewelers frequently employ a combination of palladium and gold for their creations. The scarcity of palladium has driven its price higher than platinum or gold. It’s obtainable in coin and bar forms.

Oxford Gold Group Pricing

Gold IRAs are associated with various fees. However, when it comes to Oxford Gold Group’s precious metals IRA, there’s no annual account maintenance fee. As for storage, customers are charged $200 per year, but the company offers a rebate for every $25,000 in the account for a whole year.

The prices of precious metals tend to change along with market fluctuations. Similar to other gold dealers, Oxford includes a markup percentage in their prices. Oxford provides clients with the option to sell back their precious metals. However, it’s important to note that they may offer bids lower than spot market prices.

Pros of Oxford Gold Group

• Personalized assistance: Oxford Gold Group offers hands-on support from experienced advisors who can guide you through the investment process. This is beneficial for newcomers to gold investing or those seeking expert advice.
• Educational materials: The company provides a wealth of educational resources and FAQs on its website. These materials serve to enhance investors’ understanding of gold IRAs, investment choices, and the offerings of Oxford Gold Group.
• Gold buyback program: Oxford Gold Group features a buyback program, enabling investors to sell their gold holdings back to the company if they decide to divest. This offers liquidity and flexibility to investors who may need to exit their investments.
• Retirement account support: The company assists individuals in transferring their existing 401k or retirement account funds into gold. This service proves valuable for those looking to diversify their retirement portfolio with precious metals.

Cons of Oxford Gold Group

• Fee transparency concerns: Oxford Gold Group’s website lacks precise and detailed fee information, opting instead for broad fee ranges. This limited transparency may pose challenges for prospective investors in accurately evaluating the investment costs associated with the company.
• Inaccessible free investment guide: While the company promotes a “free investment guide,” reports indicate that obtaining this document was unattainable. This situation could prove frustrating for individuals seeking additional information or insights to inform their investment choices.

Where Does Oxford Gold Group Store My Precious Metals?

When engaging in the investment of precious metals, one must carefully consider the storage aspect. It’s crucial to guarantee the safety of your metals in order to prevent theft or damage.

Oxford Gold Group uses two depositories for this purpose: the Delaware Depository located in Wilmington, Delaware, and the Brinks Depository in Salt Lake City, Utah. To transport precious metals to and from these depositories, insured carriers are employed by the company.

Both locations benefit from insurance coverage provided by Lloyds of London, a highly regarded and reputable insurance company. State-of-the-art technology and well-trained personnel ensure that both depositories are properly secured.

Can I See How My Precious Metal Investments Are Performing?

To effectively monitor the performance of your investment, it’s crucial to have a means of tracking your portfolio. Oxford Gold Group offers an online account portal that grants you access to this capability. Through this portal, you can keep tabs on the value of your metal and stay informed about any recent fluctuations in its price.

You’ll receive quarterly electronic statements from your account custodian. These statements provide regular updates regarding the status of your portfolio, ensuring that you’re kept well-informed even if you don’t log in to your account regularly. If desired, there’s also an option to receive paper statements for a fee.

How to Open an Account?

To become a member of the Oxford Gold Group, you must follow a specific four-step procedure.

Open an Account

To begin, you’ll need to create an account either by visiting the company’s website or contacting them at (877) 544-1523. The application consists of a few pages and can be finished in approximately ten minutes. Once you have completed the application, most new accounts will be activated within 24 hours.

Transfer Funds

After successfully opening the account, you will be able to transfer funds into it. If you possess an IRA or retirement account already, you can easily transfer your assets or execute a rollover in order to finance this new account.

Alternatively, you may opt to fund your fresh account by contributing from your bank. It’s important to note that transfers typically require up to five business days for processing and completion.

Select Metals

Once the funds are available in your newly established precious metal IRA, you can proceed with your investment plans. Collaborate with your account partner to explore various investment opportunities, such as specific coins and bars. Once you have finalized your portfolio, your account partner will handle the order placement on your behalf.

Ship Metals

After your account partner places an order for the metals you wish to keep in your IRA, they will coordinate the delivery to one of Oxford Gold Group’s storage facilities located in either Delaware or Utah.

How Can I Withdraw From My Account?

If you decide to open an IRA, keep in mind that you won’t be able to make any withdrawals until you reach the age of 59 ½. If you do withdraw money before reaching this age, not only will you have to pay taxes on the amount, but there will also be a penalty fee of 10%.

Fortunately, with Oxford Gold Group, there are two options available for withdrawing funds from your account.

The first option involves selling the metals that are currently held in your account. If you choose this route, Oxford Gold Group will handle the sale and transfer the proceeds directly into a bank account of your choosing.

Alternatively, if desired, it’s possible to request delivery of the physical metals themselves. Should this be chosen as an option for withdrawal, Oxford Gold Group will ship the selected metals straight to your home. It’s important though to have a plan in place for storing these metals safely upon their arrival.

Oxford Gold’s Reviews From Real Users – How Legit Is It?

Is Oxford Gold Gold legitimate? Yes. Being realistic, it’s rare for everyone to be completely satisfied with every business they interact with. As a wise consumer, you understand the importance of looking out for any warning signs before making significant decisions, such as investing in precious metals. Therefore, it’s crucial to consider what customers have to say about Oxford Gold Group through their reviews.

Oxford Gold Group has received high ratings from reputable customer review organizations. The Better Business Bureau (BBB) has awarded the company an A+ rating and an impressive 4.83 out of 5 stars.

Oxford Gold Group is a reputable and reliable company that has received high ratings from various sources, such as Trustpilot.

Alternatives to Oxford Gold IRA – Oxford Gold Group Review

Augusta Precious Metals – Best Precious Metal IRA Company Overall

With over 45 years of industry experience, Augusta Precious Metals is a leading company in the gold IRA market. They specialize in providing investment products such as gold and silver bullion. Augusta stands out for their commitment to transparency, as they offer detailed breakdowns of expenses and personalized web panels for clients. Unlike many competitors, they do not charge transaction fees but do have price spreads for physical metals.

Although Augusta requires a higher minimum investment, their reputation, generous refund policy, and secure storage facilities make them a reliable choice for investors. Their selection of metals is somewhat limited, and the minimum investment may be too high for some individuals. However, their exceptional customer service compensates for these drawbacks.

In conclusion, Augusta Precious Metals offers extensive expertise in the industry while prioritizing transparency and client satisfaction

American Hartford Gold – Best Precious Metals IRA Company for Small Investments

American Hartford Gold is a well-known company specializing in gold IRAs, boasting an impressive track record and receiving high ratings for customer satisfaction. Their range of services includes precious metal IRAs, rollovers of gold and silver IRAs, as well as direct purchases of gold and silver bars/coins.

In terms of investment options, they offer flexibility with a minimum investment requirement of $5,000 for direct purchases and $10,000 for gold IRA rollovers. When it comes to custodial services, American Hartford Gold works alongside Equity Trust while ensuring secure storage options through reputable companies like Brinks and Delaware Depository.

To further assist investors in making informed decisions, the company provides ongoing support via dedicated account representatives along with a complimentary guide.

Lear Capital – Best for First-Time Buyers

Lear Capital is an esteemed player in precious metals IRAs, providing a range of valuable metal coins for diversification. They pride themselves on their personalized service, assigning dedicated account managers to cater to each client’s needs.

Their commitment to transparency extends to their fee structure as well. Lear Capital has garnered praise from satisfied clients and has maintained a stellar Trustpilot rating despite occasional criticism. With nearly 25 years of experience under their belt, they strive to offer a seamless investment process and expert advice for individuals looking into precious metals IRAs. Read our complete Lear Capital review here.

Oxford Gold Group Review – Frequently Asked Questions

How Does Storage With Oxford Gold Group Work?

Oxford Gold Group, like other firms specializing in precious metals IRAs, has formed partnerships with IRS-approved companies that offer secure storage for coins and bullion. They currently work with two IRA custodians, Equity Institutional and STRATA, who have received the stamp of approval from the IRS.

It’s important to note that according to IRS regulations, individuals aren’t allowed to keep their IRA precious metals assets such as coins and bars at home.

Is Oxford Gold Group Legitimate?

According to various sources and reviews from Oxford Gold Group, they’re indeed a reputable company. Like any business, they may have some negative feedback and critics, but there’s no evidence to suggest that they’re involved in any fraudulent activities. Both customers and reviewers have given them consistently positive ratings.

What Is the Stock Symbol for Birch Gold?

Birch Gold Group doesn’t have a designated stock symbol. As per my research, the majority ownership of the company lies with Laith Paul Alsarraf, based on the most recent available information.

Final Thoughts on Oxford Gold Group Review

Oxford Gold Group is a fresh player in the field of IRA management, catering to IRA and non-IRA clients. The company has joined forces with two well-regarded custodians specializing in precious metals.

While the website lacks clarity on fees, account minimums, and rebates, interested parties can easily obtain this information by reaching out to Oxford’s account representatives. Just like other managers overseeing precious metals IRAs, Oxford emphasizes the importance of hands-on collaboration with its agents.