Oxford Gold Group: All To Know About
With many companies providing gold and other precious metal investments in the United States you may think that they’re competing and then decide to go for the one that costs you less.
Well, it is good to be conscious of the price, but there are a lot more factors to consider before putting your money or setting up your IRA with precious metals.
Oxford Gold Group is a registered gold dealer operating in the United States. It delivers precious metals to retirees and investors who wish to make infallible investments into gold, silver, precious coins, bullions, and bars.
You may have heard about this gold dealer, which may be your reason for checking out for the Oxford Gold Group Review.
Interestingly, this review piece is unbiased and well-detailed to explain everything you need to know about this precious metals firm.
While this article recommends the Oxford Gold Group, it also points out the company’s flaws so that you can compare it with other alternative companies that seem better off.
Address: 11500 West Olympic Blvd.Suite 642 Los Angeles, CA 90064
Operating Hours: Mon – Fri: 7am – 6pm
Oxford Gold Group is a collaboration of highly-experienced experts in the precious metals industry; thus, there is no 3rd party involved in the whole process of dealing with its clientele. It is claimed that Oxford Gold Group operates with over 20 years of experience in the industry.
There are quite a lot of positive things that have been said about this precious metals firm including online reviews from its previous customers.
It is located in Los Angeles, California, and a registered precious metal company in the United States. Its services are available to both indigenes and foreign residents living within the states.
Oxford Gold Group lets their clients discuss directly with the partners to ensure a smooth, seamless investment experience.
Also, the company says that it is dedicated to providing its clients with easy to navigate tools for purchasing precious metals or adding them to an Individual Retirement Account (IRA).
Irrespective of whether you’re a first-buyer buyer or a seasoned investor, Oxford Gold Group treats its clients with utmost priority.
The Oxford Gold Group was incorporated in 2017. It hasn’t functioned for a long time, anyway, but the employees are all experts in the industry with many years of experience. Also, this company has received quite a lot of positive reviews across many platforms from satisfied customers.
Oxford Gold provides different types of precious metals to its clients ranging from gold coins, silver coins, platinum coins, and palladium coins. More so, the company provides bullion and bars that are well-refined to meet with all required standards.
Furthermore, since individuals are not allowed to save precious metals included in their IRA at home, Oxford Gold Group recommends safe depositories where their clients can store their precious metals, and gain access to them when needed.
👍 Pros of Oxford Gold Group
- The company’s website contains so many important information you’ll ever need to know about precious metals and IRAs
- Faster and seamless processes for buying precious metals or rolling over IRAs
- Highly-experienced partners
- Flexible pricing and affordable annual fees
- Fast and conditional free shipping
👎 Cons of Oxford Gold Group
Typical of precious metals firms, the Oxford Gold Group provides different kinds of precious metals, as well as offers services that commensurate the buying and storing of your precious metals in a reliable depository. All services provided by the Oxford Gold Group are discussed below:
1. Precious metals
This is the main service offered by the Oxford Gold Group. The company provides different types and kinds of precious metals. Interestingly, it is quite easier to buy precious metals from Oxford Gold Group, but you have to phone a representative at first.
You can access the various precious metals offered by Oxford Gold Group via the “Products” page on the company’s website.
If you’re looking to strengthen your IRA, this company is available to put you through all that you need to know, as well as the processes it would take to rollover your IRA into precious metals or add a gold/silver coin to your IRA.
In fact, for anything that has to deal with IRAs regarding the addition or precious metals, this company seems the best that would offer you great support.
3. Precious metals storage
Your precious metals won’t be saved in your house if the precious metal isn’t attached to any IRA, it can be saved in the house. IRA standard restricts precious metals being added to an IRA to be saved in residential houses.
Thus, the Oxford Gold Group will recommend storage facilities where you can save your investments. Nevertheless, you can choose other precious metals storage service providers that are not the ones recommended by Oxford Gold Group.
Oxford Gold Group IRA Fees
At the moment, this precious metal firm works with just two IRA custodians (STRATA and Equity Institutional); thus, they charge a flat fee for maintaining self-directed IRAs.
As you may already know, IRA fees vary from custodians, but Oxford Gold Group has made it possible for its clients to pay a flat fee, irrespective of their IRA custodian (only for its partnered IRA custodians).
However, the admin fee, which is paid annually, does not cover the storage cost – the amount you’ll pay as storage cost depends on the precious metal storage company you are trusting to save your precious metal.
The annual admin fee charged:
- $175 for the accounts with investments less than $100,000
- $225 for the accounts with investments larger than $100,000
The minimum investment amount of precious metals for IRAs is $7,500.
If you’re not adding the precious metal to an IRA, the minimum you can buy from OGG is $1,500 worth of precious metals.
Oxford Gold covers a client’s storage fees for up to 5 years.
Is Oxford Gold Group SCAM or Legit?
Since this company is not listed on quite many business directories such as BCA, Trustlink, etc., some people are uncertain about its operation.
Nevertheless, it would interest you to know that the Oxford Gold Group company has lots of positive reviews online, and has not received any critic review from its previous customers.
Also, Oxford Gold Group is listed on BBB and Trustpilot, where it gained A+ rating and 4.8-star positive rating, respectively. It is a recommendable gold dealer in the United States.
Overview of all Features
In other to make this Oxford Gold Group review understandable, touching all important aspects of the company, it is best to highlight and explains different factors of this company.
Kindly read through this section carefully as it contains the actual information you have been seeking to know. With a lot said above about Oxford Gold Group, this part of this article is to expatiate on the PROS and CONS of Oxford Gold Group, so get your legs crossed, and let’s read this.
All tips on how to purchase precious metals from Oxford Gold Group are clearly written on the company’s website. More so, the website features an intuitive interface, and users can easily find their way to the various pages that contain the information they wish to know.
Nevertheless, before you can make a purchase, you will have to reach out to customer support.
2. Available Precious Metals
Basically, Oxford Gold Group products are available either as coins or bars. The company provides gold, silver, platinum, and palladium products.
Interestingly, OGG’s gold and silver coins are acceptable into IRAs – the coins are well-refined to reach the acceptable fineness standard for precious metals IRAs.
3. IRA-Eligible Products
Before a precious metal can be accepted into an IRA, it must meet a required level of fineness:
- IRA-eligible gold must meet at least .995 fineness level
- IRA-eligible silver must meet at least .999 fineness level
- IRA-eligible platinum must meet at least .9995 fineness level
- IRA-eligible palladium must meet at least .9995 fineness level
Oxford Gold bullion coins and bars meet this fineness level; thus, they can be accepted into an Individual Retirement Account.
4. Account Setup Procedures
It won’t take more than 20 minutes to complete your account setup with Oxford Gold. Whether you are rolling over an existing account or setting up a new one OGG makes the whole time easier and faster.
If you’re opening a precious metal IRA account, Oxford Gold contacts your IRA custodian and arrange how to move your funds into your new account.
5. Cost of Oxford Gold Precious Metals
You must make of purchase up to $7,500 for IRAs and $1,500 if it is a direct purchase. However, the actual price for the coins and bars is not listed on the website.
You have to place a call to any of the partners or the customer support to get the individual prices of the various precious metals provided by Oxford Gold Group.
More so, it is important to say that OGG doesn’t charge brokerage fees; however, they place commissions for buying or selling precious metals. Oxford’s no-fee liquidation program is flexible, and the company has a buy-back program, too.
6. Customer Support and Service
Oxford Gold can be reached on the phone via (888) 200-5586. Alternatively, the company has a live chat feature on its website, where you can chat with an available human agent. But you won’t always find the live chat “online.”
So, the best option is calling the company according to below schedule:
- 8:00 AM – 5:00 PM during weekdays (Mon to Fri).
- The company support is usually closed on weekends (Saturdays and Sundays).
7. 401k Services
If you have an eligible 401K plan that you wish to convert to gold investment or other precious metals, Oxford Gold Group can help out with this service at a decent-enough price.
8. Rollover or Transferring Into Precious Metals
Here’s another area that the Oxford Gold Group specializes in. But you would still need to place a call to the company and speak with any of its expert partners/representatives.
Arguably, you should know that self-directed IRA owners can purchase and own physical precious metals your OGG partner will provide all the necessary information you need to know regarding this service.
Also, the company can help you to set up a no-obligation Self-Directed IRA (SDIRA). After your account setup is completed, you can choose any Oxford Gold precious metal to add to your account. The selected precious metals will be shipped to any choice storage depository of your choice.
9. Delivering Precious Metals
Non-IRA precious metals can be delivered to your doorstep via insured courier service so that you can save them in your private vault. It may take up to 5 days to receive your precious metals; however, you can be able to track the delivery.
More so, the precious metals won’t be left on your doorstep. They must be delivered into your hands.
🙋 Frequently Asked Questions About Oxford Gold Group
Your physical precious metals from OGG will be saved in the depository you choose. You can access the precious metals at any time based on the T&C’s of the precious metals storage service provider.
After you have submitted the required documents, it takes approximately 15 – 20 minutes to get your account fully functional and ready to receive funds.
You won’t be charged any dime for transferring funds from your retirement account into your precious metal IRA. Interestingly, Oxford Gold Group gets in touch with your IRA custodian and follows up on the transfer processes; you have nothing to worry about here.
You are going to be provided with an online means of accessing your account at any time. Through the online platform, you can track your precious metals.
🥇Recommended Investment Company in 2020: Regal Assets
Regal Assets stands out as the best precious metal and cryptocurrency investment company in 2020. The business is multiple times featured by Forbes, SmartMoney, and many other reputable publishers in the field. Either you want to buy gold with cash or rollover your IRA into a gold-backed IRA, Regal Assets is your one-stop-shop.
Here is why you should work with Regal Assets:
FREE first year, FREE set up, 7-day delivery, Flat rate annual fee, Brinks segregated storage, A+ BBB, #20 Inc. 500, 5-star Trustlink.
The company is offering a free Gold investment guide for a limited time, a free edition of Forbes magazines, and a free DVD providing facts about the future of the dollar and US economy.