Oxford Gold Review: Is It a Legit Gold IRA Company?

If you're searching for a reliable retirement plan or investment option, Oxford Gold Group is worth considering. We understand the significance of selecting the right company, and we're here to provide you with valuable insights that will assist you in making an informed decision.

Our extensive research has evaluated various Gold IRA companies , including Oxford Gold Group, based on crucial factors like customer service, reputation, and investment choices. By comparing these leading companies, you can choose the one that aligns perfectly with your specific needs and investment goals.

Now let's dive into the history, characteristics, benefits, and drawbacks of Oxford Gold Group. We'll explore how they can help protect your wealth. Brace yourself for an enlightening journey where gold meets wisdom and prosperity within the realm of Oxford Gold Group.

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What Is Oxford Gold Group?

Oxford Gold Group presents a range of investment options, such as gold IRAs, 401ks, silver IRAs, and precious metals IRAs . The IRS recognizes them as an authorized dealer of precious metals for IRA investments. This includes coins and bars made of gold, silver, platinum, and palladium.

Oxford offers the help of experienced IRA account managers to guide clients through opening and funding a gold IRA account.

These experts help in making informed decisions about which metals to purchase. In terms of storage solutions for gold IRAs (as per IRS regulations), Oxford has established partnerships with Brinks Global Services and the Delaware Depository Service Company.

Storing your gold IRA metals at home is prohibited under IRS guidelines. With Oxford Gold Group's reliable storage options in place, you can have peace of mind knowing that your investments are securely held elsewhere.

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What Does Oxford Gold Group Offer?

Oxford provides two distinct types of customer relationships. One caters to individuals who invest in precious metals, while the other is designed for IRA retirement savers interested in a self-directed IRA.

According to the regulations enforced by the IRS, permissible investments within these accounts can encompass tangible metals such as gold, silver, palladium, and platinum.

Gold IRA

Investing in an Oxford Gold IRA allows funds to be allocated to tangible metals like gold, silver, platinum, and palladium. This account includes paper assets such as mutual funds, Exchange-Traded Funds (ETFs), futures contracts for precious metals, and mining stocks.

It’s important to note that IRS regulations require all physical assets to be stored in a depository certified by the IRS. Purchases and sales on behalf of the account owner must be handled by a custodian who holds proper certification.

Silver IRA

The primary focus of an Oxford Silver IRA is investing in silver. However, the IRS permits holding various metals in these accounts, including gold, palladium, or platinum, as long as they comply with their rules and regulations.

Precious Metals IRA

To establish a precious metals IRA, it’s crucial to adhere to the IRS's precise legal requirements for self-directed accounts. Any physical coins, bars, or ingots must be stored within an IRA by a trustee who meets the qualifications set by the IRS and uses an approved depository.

All coins held in such an account must meet specific standards. It’s important to note that only cash can initiate these accounts. Contributions cannot be made with precious metal coins or rolled over from another account.

401(K)

An employer-sponsored retirement plan known as a 401(k) allows the employee and employer to make contributions. This type of plan permits investments in gold Exchange-Traded Funds and gold mining stocks, rather than physical metals.

Oxford Gold Group offers the service of establishing a new gold IRA through a 401(k) rollover. This involves withdrawing assets from your existing 401(k) and transferring them into a new gold IRA within 60 days to avoid any penalties imposed by the IRS.

Gold Coins and Bars

Oxford Gold Group specializes in facilitating the acquisition of tangible assets for individuals with IRA accounts. They offer brokerage services for investing in precious metals outside of an IRA.

Their selection of gold coins includes popular options such as the American Eagle, South African Krugerrand, and Canadian Maple Leaf. They provide coins from reputable mints in Great Britain, Austria, and Australia.

Whether purchasing within an IRA or seeking investment opportunities outside of it, Oxford Gold Group can assist clients with their gold coin needs.

Silver Coins and Bars

The Oxford website provides extensive explanations for every coin available for sale, as well as important details for collectors. One example is the iconic Walking Liberty half dollar, which is 90 percent silver or approximately .3617 ounces.

These coins were minted between the years 1916 and 1947. If you’re interested in purchasing these or other coins, you can provide your name and phone number to receive a current price quote.

Platinum Coins and Bars

Platinum, a precious metal with a silver hue, is more scarce than gold. Its exceptional durability and resistance to corrosion and chemical erosion make it highly sought after in multiple sectors, such as automotive manufacturing and medical equipment production.

South Africa is the primary source of platinum mining, with its price being more unstable than gold. Oxford Gold Group offers platinum as coins and bars to cater to retirement investors and short-term speculators.

Palladium Coins and Bars

The inclusion of palladium in self-directed IRAs has been granted approval by the IRS. Palladium, the scarcest among precious metals, finds its use in multiple industries and serves as a crucial element in many catalytic converters.

Jewelry makers frequently use palladium, often mixed with gold. The limited supply of palladium has resulted in its price surpassing platinum or gold. It can be obtained as coins and bars.

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Oxford Gold Group Pricing

Oxford Gold Group's precious metals IRA doesn’t come with an annual account maintenance fee, setting it apart from other Gold IRAs with multiple fees. There’s a $200 fee per year for storage, but the company offers a rebate for every $25,000 in the account.

The prices of precious metals are subject to market fluctuations, and Oxford's prices include a markup percentage similar to other gold dealers. Oxford provides the option for clients to sell their precious metals back to them. However, it’s important to note that their bid may be lower than spot market prices.

Pros of Oxford Gold Group

Hands-on guidance: Oxford Gold Group offers personalized help from advisors who can support you at every step of your investment journey. This guidance benefits those new to investing in gold or who require professional advice.
Educational resources: The company provides an extensive selection of educational materials and frequently asked questions (FAQs) on its website. These valuable resources assist investors in gaining a deeper comprehension of gold IRAs, investment choices, and the services offered by Oxford Gold Group.
Buyback program: Oxford Gold Group offers a buyback program that enables investors to sell their gold holdings back to the company if they no longer want to keep them. This program provides investors with the opportunity for liquidity and flexibility, allowing them to exit their investments when necessary.
Assistance with retirement accounts: The company helps individuals transfer their current 401k or retirement account funds into gold. This service is helpful for those who wish to broaden their retirement portfolio by incorporating precious metals.

Cons of Oxford Gold Group

Lack of fee transparency: Oxford Gold Group's website doesn’t offer detailed information regarding its fees. It only provides average fee ranges. This lack of transparency can pose a challenge for potential investors in accurately evaluating the investment costs associated with the company.
Unobtainable free investment guide: The business promotes a "complimentary investment handbook," though it was stated that acquiring this document proved unattainable. This may prove exasperating for those in search of further details or perspectives before finalizing an investment choice.

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Where Does Oxford Gold Group Store My Precious Metals?

When investing in precious metals, one crucial factor to consider is the storage of these valuable assets. Ensuring the safety of your metals is paramount to prevent theft or damage.

Oxford Gold Group has implemented a solution by utilizing two reputable depositories: the Delaware Depository located in Wilmington, Delaware, and the Brinks Depository in Salt Lake City, Utah. To facilitate the transportation of precious metals between these depositories, insured carriers are employed.

Both locations have comprehensive insurance coverage provided by Lloyds of London, a highly regarded insurance company. State-of-the-art technology and well-trained staff are used to secure depositories.

Can I See How My Precious Metal Investments Are Performing?

Tracking the performance of your investment portfolio is crucial, regardless of the type. At Oxford Gold Group , they provide you with an online account portal that grants you access to monitor your portfolio.

This includes staying informed about the value of your precious metal holdings and any recent fluctuations in market prices.

Besides online access, their account custodian will send you quarterly electronic statements. These statements ensure you receive regular updates on your investment progress, even if you haven't logged into your account. If preferred, paper statements can be obtained for a fee as well.

How to Open an Account?

To start account creation with Oxford Gold Group, follow a four-step procedure.

Open an Account

To begin, you will need to create an account either by accessing the company's website or contacting them at (877) 544-1523. The application consists of a few pages and typically takes approximately ten minutes to finish. Once the application is complete, new accounts are usually opened within 24 hours.

Transfer Funds

After successfully opening the account, you can transfer money into it. If you already possess an IRA or retirement account, you can transfer your assets or initiate a rollover to fund this new account. You can fund your fresh account by contributing from your bank. It's important to note that transfers may take up to five business days to be completed.

Select Metals

Once you have funds in your newly acquired precious metal IRA, you’re prepared to make investments. Collaborate with your account partner to explore various investment opportunities, such as specific coins and bars. After devising your portfolio, your account partner will execute the orders on your behalf.

Ship Metals

After you provide your desired metals for your IRA, your account partner will take care of ordering them and organizing their delivery to either Delaware or Utah, where Oxford Gold Group's depositories are located.

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How Can I Withdraw From My Account?

If you decide to open an IRA, you will face restrictions on withdrawals until you reach the age of 59 ½. If you withdraw funds before this age, not only will you have to pay taxes, but you also incur a 10% penalty.

Oxford Gold Group offers two alternatives for withdrawing money from your account. The first option is to sell the precious metals in your account. Oxford Gold Group will handle the sale and transfer the resulting proceeds directly into your chosen bank account.

Alternatively, you can have the physical metals delivered to your home. Oxford Gold Group will ship the specific metals of your choosing straight to your doorstep. Just ensure that once they arrive, you have a plan for securely storing them.

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

Not everyone is constantly satisfied with every company they engage with. As a smart consumer, you understand the importance of identifying any warning signs before making significant choices, such as investing in precious metals. Therefore, it's essential to consider what Oxford Gold Group reviews reveal.

According to customer review agencies, Oxford has received exceptional ratings. 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 widely recognized and respected in the business industry, receiving high ratings from many sources such as Trustpilot.

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Alternatives to Oxford Gold IRA

Augusta Precious Metals - Best Precious Metal IRA Company Overall

With over 45 years of industry experience, Augusta Precious Metals is a reputable gold IRA company specializing in investment products such as silver and gold bullion.

Their commitment to transparency is evident through their provision of expense breakdowns and the opportunity for clients to engage in one-on-one web panels. While they don’t charge transaction fees, price spreads are associated with physical metals.

Despite requiring a higher minimum investment, Augusta's stellar reputation, reliable refund policy, and secure storage facilities establish them as a trustworthy option within the sector.

It should be noted that their metal selection is limited, and some investors may consider the minimum investment amount high. However, their exceptional customer service compensates for any drawbacks.

>> Check Out Augusta Precious Metals >>

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

American Hartford Gold is a well-known company that specializes in gold IRA services . They have a strong reputation and are valued by their customers.

Their services include precious metal IRAs, rollovers for gold and silver IRAs, and direct purchases of gold and silver bars/coins. One advantage they provide is flexibility in investment options, with a minimum investment requirement of $5,000 for direct purchases and $10,000 for gold IRA rollovers.

To ensure the safety of their client's investments, American Hartford Gold works with trusted partners such as Equity Trust to act as custodians. They collaborate with renowned storage companies like Brinks and Delaware Depository to offer secure storage options.

Besides these services, American Hartford Gold prides itself on providing excellent customer support through dedicated account representatives who can assist investors throughout their journey. To further aid investors in making informed decisions, they offer a free guide that provides valuable information.

American Hartford Gold stands out due to its outstanding track record and high levels of customer satisfaction. Whether you're looking to invest in precious metals or rollover your existing IRA into gold or silver assets, American Hartford Gold offers reliable services backed by years of expertise in the industry.

>> Check Out American Hartford Gold >>

Lear Capital - Best for First-Time Buyers

Lear Capital is well-known and respected within the industry of precious metals IRAs. They specialize in offering a range of metal coins that can diversify your IRA portfolio.

What sets them apart is their commitment to providing personalized service, with dedicated account managers who assist you every step of the way. Lear Capital also prides itself on being transparent about fees, ensuring you know exactly what you're paying for.

It's no wonder they have received positive client feedback and maintained a high Trustpilot rating. With almost 25 years of experience under its belt, Lear Capital aims to make investing in precious metals IRAs as hassle-free as possible while providing expert guidance along the way.

Oxford Gold Review – Frequently Asked Questions

How Does Storage With Oxford Gold Group Work?

Oxford Gold Group, like other providers of precious metals IRAs, has formed alliances with IRS-approved firms that safeguard and secure coins and bullion.

They currently offer Equity Institutional and STRATA as custodians for IRAs, both of which have been sanctioned by the IRS. As per IRS regulations, storing IRA assets like coins and bars at home isn’t permissible.

Is Oxford Gold Group Legitimate?

According to various sources and reviews from Oxford Gold Group, they seem to be a reputable company. Like most businesses, they do have some negative feedback and criticism, but they aren’t involved in any fraudulent activities. Both customers and reviewers have given them high ratings.

Final Thoughts on Oxford Gold Review

Oxford Gold Group is a recently established firm that manages IRAs for both IRA and non-IRA clients.

The company has partnered with two well-respected custodians of precious metals. While the website lacks clarity on fees, account minimums, and rebates, this information can easily be obtained by reaching out to the company's account representatives.

Oxford follows a similar approach to other managers of precious metals IRAs by requiring direct engagement with their agents.

Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.