Oxford Gold Group Review

In this Oxford Gold Group review, we researched that they are experts with over twenty years of expertise in precious metals or gold IRAs.

Clients who choose Oxford Gold Group for their gold or precious metals buying needs receive exceptional service and are respected as equals in every deal.

Clients enjoy having direct access in the execution and preparation of precious metal trades. Investors may establish retirement accounts secured by precious metals or buy and sell goods privately.

Platinum, silver, and gold are just some of the precious metals available in bar and coin form from this dealer, who also allows deposits in gold-backed IRAs approved by the IRS.

Right before we begin our Oxford Gold Group review:

Our team has provided a list of the best Gold IRA companies that have earned our top recommendation so that you can choose a Gold IRA company that fits your interests.

Click here to see our list of Best Gold IRA Companies. ⇐⇐⇐

About Oxford Gold Group

The Los Angeles-based Oxford Gold Group is an IRA gold dealer and trader of other precious metals. Investors with over two decades of expertise started the company in 2017 after becoming dissatisfied with the hefty brokerage fees charged by competitors. Without commission-based salespeople, the company’s partners can focus only on providing excellent customer service.

They are committed to providing first-class service to the general public:

• Education: The Birch Gold Group company believe it’s important that everyone interested in learning about and securing their retirement via precious metals investment has access to the educational resources they need.
• Securing a Comfortable Retirement: Another approach to guarantee you can retire well is to invest in a precious metal IRA. Their customers may rest easy in retirement since they are always there for them with advice and assistance.
• Excellent Service: Retirement is a significant life transition that requires careful planning and consideration. Birch Gold Group takes excellent satisfaction in accomplishing exactly that for every one of their customers enrolled.

Oxford Gold Group has been A+ accredited by the Better Business Bureau since 7/16/2018, with an average of 72 customer reviews and a 4.9/5 star rating. The Oxford Gold Group is a one-stop shop for buying and selling precious metals. The firm trades in various silver and gold coins and bars and other items sold in the precious metals exchange that are permitted for IRA contributions.

Silver, gold, palladium, and platinum are all suitable precious metal investments in a self-directed IRA. Oxford Gold Group’s associates can guarantee that these will be in a proper format for the IRS.

Oxford Gold Group’s service is what they’re offering. The partners operate as a company because they see the need for assistance with precious metals deals. They advise customers on how much risk is acceptable within an investing strategy.

Regarding safeguarding and expanding their precious metals account balances, customers can always depend on Oxford Gold Group’s round-the-clock customer care.

Oxford Gold Group has a yearly set rate to maintain your precious metals IRA. The annual charge to keep an IRA active may be anywhere from $175 to $275, depending on the amount deposited.

Oxford Gold can provide a fixed pricing model to consumers because it collaborates with Equity Institutional and Strata Trust Company, which has resulted in a standard level of expenses and services.

Products and Services

Product and service offerings from the Oxford Gold Group are extensive. The firm sells several types of precious metal coins, such as Gold Canadian Maple Leaf 1 oz and American Gold Eagle Proof 1 oz, among others. Investors also have various precious metal bars to choose from, including 1-ounce platinum bars, 1-ounce gold bars, and 100-ounce silver bars.

The maximum yearly contribution to a gold-backed IRA is $6,500. However, this amount might rise based on your earnings and other circumstances. At 59.5, you may begin withdrawing funds from your IRA, but these withdrawals will be subject to income tax. Withdrawals from the account become necessary when you reach age 70.5, although the amount is up to you.

Individual Retirement Accounts (IRAs) are an alternative for retirement savings for individuals who prefer to avoid their retirement funds being linked to a single job or are self-employed. Oxford Gold Group IRAs allow account holders to pick which precious metals to connect their accounts and facilitate rollovers and transfers from other retirement funds.

Oxford Gold Group Fees

Clients with more significant accounts get incentives that lower their monthly maintenance costs. The time that a rebate may be utilized depends on the size of the IRA account. The typical Oxford Gold Group IRA customer does not have to face storage or maintenance fees during the initial three years of the rebate program.

Vault rental fees might vary widely based on the storage provider Oxford Gold Group chooses to work with. The annual cost of self-storage is between $175 and $225. Oxford Gold, on the other hand, will reimburse you for storage costs for anywhere from one to 5 years, based on the amount of your deposit.

The price of this item covers the cost of shipping. When you buy or sell precious metals with Oxford Gold Group, you’ll pay a commission—the average for any investment—but zero broker costs.

The minimum amount to invest in precious metals via an IRA is $7,500, while the minimum amount to invest beyond an IRA is $1,500. When it is time to sell shares, Oxford Gold Group offers a buy-back program and a no-fee disposal option.

Precious Metals Approved by the IRS

You may put money into precious metals like silver and gold via your IRA if you can invest in a self-directed IRA. Precious metals IRA is an excellent method to spread your investment risk and secure your financial future. However, there are requirements for which precious metals meet IRS requirements.

Gold that the IRS accepts must be at least 99.5% pure. Precious metal IRAs only accept gold that is at least .995 purity.

Some popular forms of gold recognized by the IRS are:

• RMC Gold Bullion Bars
• Valcambi Gold Bullion Bars
• Gold Canadian Maple Leaf Coins
• Gold American Eagle Coins

It’s important to note that the purity requirement for silver IRA contributions is a whopping 99.9%. Silver bars and coins are both minted to this purity standard. Different forms of silver are accepted by the Internal Revenue Service, such as:

• Australian Koala Bullion Coins
• American Silver Eagle Coins
• Sunshine Silver Bullion
• Silver Franklin Halves

Have you thought about putting some platinum into your precious metals IRA? The required minimum fineness is .9995 or 99.95%. The Internal Revenue Service accepts Platinum Canadian Maple and most other platinum bars.

Investors also often put palladium into their IRAs since it is valuable. However, our review sho Internal Revenue Service specifies that only palladium that is 99.95% pure may be placed in an IRA. The Internal Revenue Service allows most palladium coins and bars to be held as legal tender.

The application procedure for a rollover and a new account at Oxford Gold Group is designed to take at most 10 to 15 minutes.

An Oxford Gold Group associate may help you establish a new self-directed IRA or a rollover IRA over the call. After filling out the registration, sign it and provide documentation identification.

After this is completed, starting a new IRA account from when the required documents and deposits are received is often less than a day.

If you have decided to establish a precious metal rollover IRA, Oxford Gold Group will notify your existing IRA custodian to arrange the transfer of money. Transferring custody may take anywhere from two to ten days, depending on how busy the caretakers are.

Once the deposits have been collected, an Oxford Gold Group partner will connect with you to discuss investment possibilities for the IRA’s initial precious metal acquisitions.

Conclusion on Oxford Gold Group review

The founding members of Oxford Gold Group recognized an opportunity to provide superior service and industry expertise at more reasonable rates.

Oxford Gold has made setting up a Precious Metals IRA as easy as possible by working with a select number of custodians and depository firms. Being a relatively young business, there are not many Oxford Gold Group reviews available online, but what there is has been quite favorable.

Whether you are considering working with Oxford Gold Group but aren’t sure if their services are a suitable match for your investment objectives and desired degree of involvement, they encourage you to chat with a consultant directly.

They are an ok firm in our Oxford Gold Group review. We believe that individuals interested in purchasing gold or establishing a precious metals IRA have much greater opportunities, which we describe in depth on our site.

FAQs

How Could I Safely Keep My Gold and Silver?
Clients may choose between free storage at Delaware Depository (thanks to OGG’s association) or self-storage (at home or elsewhere). However, due to the security risk, storing precious metals at home is not advised. Remember that many typical house insurance plans won’t reimburse you for lost or stolen jewelry and other valuables if they include precious metals. While bank safe deposit boxes often charge a fee, Delaware Depository via Oxford is free. It’s also important to remember that the Internal Revenue Service does not allow Individual Retirement accounts for precious metals to be kept in a private residence or a safe deposit box at a bank.

Are Gold IRAs Risky?
Investing in precious metals, although potentially more reliable than other assets, nonetheless entails some risk. The value of precious metals fluctuates with the market, just like the value of any other asset. Therefore it would not be brilliant to provide investors with any assurance. Gold’s prices spiked dramatically throughout 2010 and 2011, only to crash and take many years to recoup. Gold and silver, when evaluated over many years, have gradually increased in value, providing them with a much more reasonable investment than, say, a risky startup firm since most financial experts recommend taking a long-term strategy to invest.

Regarding IRAs, What Options Can Oxford Gold Group Provide For Self-Directed Investing?
Rollovers from 401(k) plans, SIMPLE IRAs, Roth IRAs, traditional IRAs, and SEP IRAs are all choices for the consumer who wants to open a gold IRA. A customer service representative from Oxford Gold Group may help them decide which account is best for them. Still, it is in their best interest to learn as much as possible about the options available.

Where Should I Look For An IRA Custodian?
In our Oxford Gold Group review we discovered that they collaborate with IRA custodianship regulators Equity Institutional and STRATA for Precious Metals IRA. If you decide to use a custodian for your Individual Retirement Account (IRA), the IRS keeps a list of those who qualify. If someone does not want to manage their own IRA and would instead hire a third party, they must first validate that this third party is authorized by the Internal Revenue Service (IRS) to serve in this capacity. Anyone without the skillsets, knowledge or legal standing to manage their finances should seek the services of a custodian.

How Often Does The Cost Of Gold Move?
Our review entails the supply and demand for gold, as well as the opinions and actions of potential buyers, all play a role in the market’s swings. Gold’s supply doesn’t change dramatically over time as printed money’s does. Therefore its value stays relatively steady.