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Last Updated on November 7, 2023
When considering investment options, diversification is often advised as a means of spreading risk and ensuring a balanced portfolio.
One such option for diversification is investing in precious metals.
The Oxford Gold Group is a company that offers a range of precious metal investment opportunities, including gold IRAs. This comprehensive review will delve into the various aspects of the company, its services, and its reputation.
What is Oxford Gold Group?
The Oxford Gold Group is a precious metals dealer and investment firm based in Los Angeles, California. With a team of experienced professionals, the company provides a wide range of services related to buying, selling, and investing in precious metals, such as gold, silver, platinum, and palladium.
Additionally, the Oxford Gold Group offers precious metal IRAs, allowing investors to diversify their retirement savings by including gold and other precious metals in their portfolios.
Buying Precious Metals: What Do They Sell?
Oxford Gold Group offers a variety of precious metals products, including:
- Gold bullion coins and bars: These are available in various sizes, ranging from 1 gram to 1 kilogram. Some of the most popular options include American Gold Eagles, Canadian Gold Maple Leafs, and South African Gold Krugerrands.
- Silver bullion coins and bars: These come in different sizes as well, with some of the most popular choices being American Silver Eagles, Canadian Silver Maple Leafs, and Australian Silver Kangaroos.
- Platinum and palladium bullion: These are available in coin and bar forms, with popular options including the American Platinum Eagle and Canadian Palladium Maple Leaf.
- Pre-1933 gold coins: These historic coins can hold both numismatic and precious metal value and include options such as the $20 Saint-Gaudens Double Eagle and the $20 Liberty Head Double Eagle.
Oxford Gold Group Gold IRA
A gold IRA (Individual Retirement Account) allows investors to include physical gold and other precious metals in their retirement portfolios.
Oxford Gold Group offers gold IRA services, working with custodians and depositories to ensure the safe storage and management of precious metal assets.
How to Set up a Precious Metals IRA
Setting up a precious metals IRA with the Oxford Gold Group involves the following steps:
- Choose a custodian: The IRS requires that a qualified custodian hold the precious metals in an IRA. Oxford Gold Group can assist in selecting a suitable custodian for your needs.
- Fund your IRA: You can fund your precious metals IRA through a transfer, rollover, or new contribution.
- Select your precious metals: Choose the specific gold, silver, platinum, or palladium products you want to include in your IRA.
- Purchase and store your precious metals: Oxford Gold Group will assist in purchasing the metals and arranging for their storage at an approved depository.
Should You Invest in Precious Metals?
Investing in precious metals can be a valuable addition to a diversified investment portfolio. Precious metals, such as gold and silver, have historically acted as a hedge against inflation and economic instability.
They can provide a store of value and a measure of security during times of economic uncertainty.
However, it is essential to consider your individual financial goals, risk tolerance, and investment horizon before deciding to invest in precious metals.
Consulting with a financial advisor can provide personalized advice based on your unique circumstances.
Reasons to Consider a Precious Metals IRA
There are several reasons to consider a precious metals IRA as part of your retirement strategy:
- Diversification: Including precious metals in your retirement portfolio can help diversify your investments, reducing overall risk and volatility.
- Inflation Hedge: Precious metals have traditionally been considered a hedge against inflation, as their value tends to rise when the purchasing power of paper currency declines.
- Protection against economic uncertainty: Precious metals can provide a measure of financial security during times of economic instability, as they often retain their value or even appreciate when other investments falter.
- Tax advantages: A precious metals IRA offers the same tax advantages as a traditional IRA, including tax-deferred growth and potential tax deductions on contributions.
Fees and Pricing
Oxford Gold Group’s fees and pricing for precious metals and IRA services vary depending on the specific products and services chosen. It is essential to carefully review the fee structure and associated costs with your chosen custodian and depository.
Be sure to inquire about any setup fees, annual maintenance fees, storage fees, and potential transaction fees for buying or selling precious metals within your IRA.
BBB Rating and Complaints
At the time of publication, Oxford Gold Group doesn’t currently have an overall rating listed at the Better Business Bureau (BBB), but they are an accredited business.
This rating indicates that the company has met the BBB’s stringent accreditation standards, including a commitment to resolving customer complaints and maintaining transparent business practices.
While complaints are relatively few, it is essential to research and consider customer feedback when evaluating any investment firm.
Oxford Gold Group Pros and Cons
- Wide range of precious metals products available
- Assistance in setting up and managing a precious metals IRA
- A+ rating with the BBB and accreditation
- Experienced team of professionals
- Fees and pricing can vary, making it essential to carefully review costs
- Limited information available on the company website
Oxford Gold Group Lawsuit?
As of the publication of our article we weren’t able to find any reported lawsuits involving the Oxford Gold Group. However, it is always advisable to conduct thorough research and monitor any potential legal issues or customer complaints when considering an investment firm.
Is Oxford Gold Group Legit?
Based on the available information, the Oxford Gold Group appears to be a legitimate and reputable precious metals dealer and investment firm.
The company holds an A+ rating with the BBB and offers a wide range of products and services to assist investors in diversifying their portfolios with precious metals.
Oxford Gold Group Alternatives
Augusta Precious Metals, Goldco, and American Hartford Gold are well-established and reputable precious metals dealers that offer a variety of products and services similar to Oxford Gold Group.
These firms are considered good alternatives for investors seeking to diversify their portfolios with precious metals or set up a precious metals IRA.
Here are some reasons why these companies can be appealing alternatives:
1. Augusta Precious Metals
- Educational Resources: Augusta Precious Metals (read review) is known for its strong focus on investor education. They provide a wealth of educational resources on their website to help investors make informed decisions about precious metals investing and retirement planning.
- Dedicated Customer Support: Augusta assigns a dedicated customer success agent to each client, ensuring personalized and attentive service throughout the entire investment process.
- Transparent Pricing: Augusta Precious Metals is transparent about their pricing and fees, making it easier for investors to understand the costs associated with their investments.
- High Customer Satisfaction: The company has received numerous positive reviews and testimonials from satisfied customers, showcasing their commitment to customer service and satisfaction
- Specialization in IRAs: Goldco (read our review) specializes in setting up and managing precious metals IRAs, making them a suitable choice for investors looking to diversify their retirement portfolios with gold and silver.
- Comprehensive IRA Services: Goldco offers end-to-end IRA services, including rollovers, transfers, and new account setup, making it convenient for investors to manage their precious metals IRA.
- Expert Guidance: Goldco’s team of experienced professionals provides expert guidance to help investors navigate the complexities of investing in precious metals and setting up an IRA.
- High Industry Ratings: Goldco has received high ratings from industry watchdogs and independent review sites, reflecting their strong reputation and commitment to customer satisfaction.
3. American Hartford Gold
- Wide Range of Products: American Hartford Gold offers a diverse selection of precious metals products, including gold, silver, platinum, and palladium bullion, as well as premium coins and pre-1933 gold coins.
- Competitive Pricing: The company offers competitive pricing on their precious metals products and strives to keep fees and costs as low as possible for their clients.
- Excellent Customer Service: American Hartford Gold is known for its attentive and responsive customer service, ensuring that investors receive the support and guidance they need throughout the investment process.
- Strong Online Presence: The company maintains an informative and user-friendly website that offers a wealth of resources and information about precious metals investing and the products they offer.
Augusta Precious Metals, Goldco, and American Hartford Gold are all reputable precious metals dealers that can serve as good alternatives to the Oxford Gold Group. Each company offers its unique advantages, such as a focus on investor education, specialization in IRAs, or competitive pricing.
When considering these alternatives, investors should carefully evaluate their individual needs, investment goals, and risk tolerance to determine which company is the best fit for their specific situation.
The Oxford Gold Group is a precious metals dealer and investment firm that offers a range of services, including the buying and selling of gold, silver, platinum, and palladium, as well as assistance in setting up and managing precious metals IRAs.
With an experienced team and an A+ BBB rating, the company appears to be a reputable option for investors looking to diversify their portfolios with precious metals.
However, it is essential to carefully review fees and pricing, consider your individual financial goals, and consult with a financial advisor before making any investment decisions.