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Oxford Gold Group Reviews 2022 (With Fees): Is This Gold Dealer Legit?

WARNING!
Oxford Gold Group has been involved in several lawsuits lately and has gotten their BBB Accreditation revoked. We DO NOT recommend investing with this company! Instead, you can find our list of the 9+ top rated precious metals IRA companies.

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Thank you for visiting our Oxford Gold Group review (2024). In this review, we’ll go over Oxford Gold Group’s products, annual fees, reviews, pros & cons, and more to give you an idea of who you might be working with in case you decide to choose Oxford as your precious metals company.

With that being said, let us now look at how Oxford Gold Group measures up! Please feel free to use the quick links in the TOC list to jump straight to any section:

What Is Oxford Gold Group?


Oxford Gold Group Reviews 2022 (With Fees): Is This Gold Dealer Legit?For whatever reason, Oxford Gold Group is one of those companies with a scarce profile and background. As we tend to point out, this isn’t necessarily a bad thing and certainly not an indicator of anything naughty: some companies just prefer not to keep that side of their profile open to the public.

Oxford Gold Group is, as you might have guessed, both a dedicated IRA provider and a bullion vendor. That means you can purchase physical gold and silver from them within an IRA as well as have it delivered outside of it.

Past that, there aren’t many details about the company available.

Through their Better Business Bureau page, we know that they’ve been in business for only five years, which is among the briefest periods we’ve come across.

The About site likewise doesn’t tell us much about the California-based company, though it says that any customer can deal directly with a Managing Partner, which is presumably not just an account manager.

They also outline their approach, underscoring how important it is for them to achieve customer satisfaction and mentioning their all-inclusive guidance process for IRA customers.

How To Buy Gold From Oxford Gold Group


As tends to be the case with IRA companies, there are no Oxford Gold Group prices listed for any of the products. This is oftentimes, though not always, the result of a company not wanting to reveal their markup, but also because precious metals prices change daily.

You can opt to buy gold and silver from Oxford Gold Group either as an independent customer, so to speak, or one that will open an IRA account with them.

Should you opt for the latter, you’ll have an account manager assigned to you, but more on that later. Anyone interested in Oxford’s products has to reach out to the company first: there is no way to simply make an online shop-style purchase.

The products section is very straightforward and no-nonsense, both in description and offerings. It has an assortment of bullion that is almost exclusively IRA-eligible, with some notable exceptions. All four precious metals are covered, with gold and silver obviously having the widest product offering.

With that said, here’s an overview of what you can find in the inventory right now:

Gold

  • American Gold Eagle, bullion and proof, 1oz
  • Canadian Gold Maple Leaf, 1oz
  • American Buffalo, 1oz
  • Austrian Gold Philharmonic, 1oz
  • South African Krugerrand, 1oz
  • Various Canadian Wildlife-themed gold coins, 1/4oz, and 1/10oz
  • Various Australian Wildlife-themed gold coins, 1/4oz
  • Gold bars, 1oz, and 10oz, from various manufacturers

Oxford Gold Group Gold Coins and Gold Bars

Silver

  • American Silver Eagle, bullion and proof, 1oz
  • Canadian Silver Maple Leaf, 1oz
  • Austrian Silver Philharmonic, 1oz
  • Various Canadian Wildlife-themed silver coins, 1.5oz
  • Various Australian Wildlife-themed silver coins, 1.3oz, and 1.5oz
  • America the Beautiful, 5oz
  • Many different “junk silver” coins, individually listed
  • Silver rounds, 1oz
  • Silver bars, various mints, 1oz, 10oz, and 100oz
  • PAMP Suisse silver bars, individually listed, 100oz and 1kg

Oxford Gold Group Silver Coins and Gold Bars

Platinum

  • American Platinum Eagle, proof, 1oz
  • Australian Dolphin Platinum coins, 1/3oz and 1.5oz
  • Canadian Platinum Maple Leaf, 1oz
  • Austrian Platinum Philharmonic, 1oz
  • Platinum bars, various mints, 1oz

Oxford Gold Group Platinum Coins and Gold Bars

Palladium

  • Canadian Palladium Maple Leaf, 1oz
  • Palladium bars, various manufacturers, 1oz

Oxford Gold Group Palladium Coins and Gold Bars

If you are ready to take action, >>>>see our list of the top 9 precious metals IRA companies (cash sales also available).

What Retirement Accounts Do They Offer?


As is the norm in this industry, Oxford Gold Group offers the option to open either a gold or silver IRA through them. This self-directed IRA is more than likely an improvement over whatever retirement vehicle you have now, as you’ll get to steer your investments without worrying too much about the details.

It’s also the norm to work with both third-party custodians and depositories to handle the paperwork and store the bullion in your IRA, but Oxford Gold Group doesn’t mention any companies facilitating the latter.

Judging by the Oxford Gold Group IRA reviews, though, we’d say this part is well-polished. The custodians listed are STRATA and Equity Institutional, with the option to utilize others presumably available.

Oxford Gold Group Annual Fees And Investment Minimums

Their fee structure is outlined as follows:

  • $175 annual maintenance fee for IRAs valued under $100,000 and $275 for those valued over $100,000
  • $175 to $225 storage fee, covered by Oxford Gold Group for up to five years. The difference in storage most likely has to do with whether you are holding only gold or other precious metals in the IRA
  • No shipping fees
  • $7,500 minimum purchase in an IRA
  • $1,500 minimum non-IRA purchase
Annual Fees Custodial Fees Investment Minimums
$175 (for IRAs valued under $100,000)

$275 (for those valued over $100,000)

$175 to $225 (Covered by Oxford Gold for 5 years) Precious Metals IRA $7,500

Regular Purchase $1,500

The newly-created IRA can be either a Traditional or Roth IRA depending on your preferences, with additional customizations available. This account, besides the custodian, will also be managed by the representative you’re assigned, often early on.

If you are ready to take action, >>>>see our list of the top 9+ precious metals IRA companies (cash sales also available).

Oxford Gold Group IRA Reviews


5 star customer ratings

Oxford Gold Group IRA reviews were overwhelmingly positive once upon a time. But that has recently changed!

On 06/25/2024 this business’s accreditation in the BBB was revoked by the BBB’s Board of Directors due to failure by the business to adhere to the BBB requirement that Accredited Businesses meet and abide by the BBB’s standards. This is alarming news. We would NOT move forward with this company despite other (prior) good reviews.

Oxford Gold Group BBB Rating Revoked

 

They still have a 5 out of 5 star rating on the Business Consumer Alliance page based on 39 reviews, and an AA rating from the website itself.

However, on the Trustpilot page, Oxford Gold Group went from this:

Oxford Gold Group TrustPilot Reviews

To this rating:

Oxford Gold Group Trustpilot Reviews

People talk about how they were swindled and that Oxford Gold Group has stolen their whole 401(k), which is very alarming.

Oxford Gold Group Trustpilot Reviews

 

Oxford Gold Group Complaints


Oxford Gold Group complaints are growing in huge numbers and they are currently in several lawsuits.

Additionally, the BBB has also revoked their accreditation. Again, don’t do business with this company.

For a safe investment, you should consider investing with any of these top-rated precious metals and gold IRA companies.

Pros And Cons Of Oxford Gold Group


  • $7,500 is one of the lowest investment minimums you’ll come across for a gold or silver IRA
  • Good selection of products, clearly meant to appeal to retirement investors
  • Specialized approach to retirement investment as opposed to just bullion dealership
  • Currently in several lawsuits
  • BBB Accreditation revoked
  • Lots of bad reviews from customers being scammed of their whole investment
  • No prices or markup listed
  • Somewhat high minimum for non-IRA purchases, though not unusually so
  • It seems the easiest way to spring them to action is to file a complaint

Verdict Oxford Gold Group Review (2024): Legit?


Oxford Gold Group Reviews 2023 (With Fees): Is This Gold Dealer Legit?Oxford Gold Group WAS a good name in the gold IRA industry that’s currently under several alarming lawsuits for stealing peoples’ whole investments. They also got their BBB Accreditation revoked in June, 2024.

With several customer reviews stating that Oxford Gold Group has stolen their whole investments, they aren’t considered a legit precious metals company anymore.

We do not recommend investing your money with this precious metals company!

To ensure you’re investing your hard-earned money with a legit gold IRA firm, see our list of top-rated precious metals companies below.

>

Company Reviews Annual Fees Investment Minimums (IRA) Preferred Custodian Free Gold Kit
Goldco: Best Overall Gold IRA Company Reviews $0 $25,000 Equity Trust
Reviews $0 $50,000 Equity Trust
Reviews $180 $10,000 Equity Trust
Reviews $100 $10,000 Equity Trust
Reviews $80 $2,000 Equity Trust
Golden Crest Metals Review (2024) Reviews $0 $10,000 Entrust
Reviews N/A $5,000 Equity Trust
Reviews $180 $10,000 Equity Trust
American Coin Co. Review - Is The Company Legit Or A Scam? Reviews $0 $10,000 Equity Trust

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If not, you can go directly to Oxford Gold Group website.

author avatar
Stina Pettersson Senior Editor
Stina is an entrepreneur who's passionate about personal finance, investing, and digital marketing. She's been a writer in this space for over a decade.

Frequently Asked Questions & Answers

Why is gold considered a safe haven investment?

Because gold serves as a hedge against inflation, deflation, currency risk, stock market volatility, etc. Gold is a store of value and should be seen as financial insurance. Historically, gold moves in the opposite direction of traditional securities like stocks, bonds, and mutual funds. When the stock market goes down, the price of gold and silver tends to rise. So, if you are looking to minimize risk, diversify your portfolio, and safeguard your wealth during times of heightened volatility, you should hold physical gold.

Why should you invest in a gold IRA?

You should invest in a gold IRA to protect your retirement savings account and make sure your assets are safe and secure, while also ensuring that your wealth will appreciate. By investing in gold and other precious metals through a gold IRA, you do not have to worry about a possible stock market crash or inflation, where your paper assets would lose their value. It also allows you to take advantage of a simple and easy IRS loophole that allows you to hold physical gold and silver with the money you already have saved in your retirement accounts, completely tax and penalty-free.

Is a gold IRA a safe investment?

Yes. Your precious metals investments are stored with a custodian, just like any other IRA asset. An IRA custodian is a financial institution that holds your account’s investments for safekeeping and sees to it that all IRS and government regulations are adhered to at all times. The custodian could be a bank, credit union, trust, or another company called a non-bank custodian.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals in an actual gold IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access and keeps all precious metals segregated by the customer. This ensures exact metals purchased by a specific customer are returned to that same customer once legal distribution requirements are met.

In other words, just like a Traditional IRA, the access to the precious metals in your Precious Metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Is the value of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. This is why it is good to diversify your portfolio with other asset classes such as cryptocurrencies, real estate, etc.

Should I invest in physical gold, future options (ETFs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

Should I buy gold coins or gold bars?

It depends on your individual investment goals and situation. Gold bars are the largest and most efficient way to purchase and store large amounts of gold. They are usually also the most cost-efficient because they have the smallest premium over the gold spot price and the lowest markups for design and transportation. They are also easier to stack and more difficult to counterfeit.

Gold coins are smaller and more convenient than gold bars, but they are also harder to store because they are easier to lose. Gold coins are less efficient than bars for holding large amounts of metal and some of them may come with a higher premium over spot since they can be marked-up for design or rarity. Although, gold coins are more useful for people who intend to use their gold as money.

When it comes to gold IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS or your gold IRA company maintains a list of acceptable forms of precious metals for IRAs.

When will I be eligible for distributions from gold IRA?

At age 59½, you or the beneficiary of your gold IRA can start taking penalty-free distributions from the account, according to the IRS.

Extended Gold IRA FAQ

See more frequently asked questions and answers about Gold IRAs
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