With the current global financial upheavals, investing wisely is critical now more than ever. Unfortunately, most conventional investment options such as bonds, stocks, and mutual funds rely heavily on the dollar’s value. Consequently, your wealth can easily tumble due to currency inflation, a stock market crash, or unfavorable government policies.
Luckily, investing in precious metals offers you the opportunity to not only diversify your wealth but also insure against volatility and other financial meltdowns. This is because the financial value of precious metals historically rises when that of other financial products declines.
Even better, precious metal firms allow investors to store their assets outside banking and other financial systems in personal and third-party storage facilities. This not only enhances security and convenience of access but also limits government control on precious metal assets. It’s therefore wise to start consolidating your retirement portfolio with precious metal investments today.
However, picking the best precious metal company to invest your hard-earned wealth in is a tough call. That’s why we’ve made this in-depth comparison of Goldco and Oxford Gold Group to help you pinpoint the best one for your precious metals investment. Just like we compared Goldco vs Birch Gold Group, and our readers have massively benefited from it, we wanted to do the same for these two Gold IRA investment companies. Read on for more.
Table Comparison: Oxford Gold Group vs. Goldco
GoldCo ($25,000 Minimum Investment)
Oxford Gold Group ($7,500 Minimum Investment)
An excellent choice as well and a very close contender with Goldco. There have been many readers on our blog turned successful investors after going with Oxford Gold Group.
VS | Goldco Precious Metals (Goldco) | Oxford Gold Group |
|---|---|---|
Year of Establishment: | 2006 | 2017 |
Headquarters: | Woodland Hills, California | Los Angeles, California |
Products and Services on offer: | Precious Metals IRAs, non-IRA precious metal sale, IRA Rollover, Buy-back program, IRA Storage | Precious Metals IRAs, direct-sale of precious metals, IRA Rollover, and Buy-back, program, IRA Storage |
Minimum IRA Investment: | $25000 | $7500 |
Precious Metals on Offer: | Gold, Silver, Platinum, and Palladium | Gold and Silver |
Start for Free: |
Overview of Oxford Gold Group:
Established in 2017 and based in Los Angeles, California, Oxford Gold Group is a precious metals dealer that serves clients from the US and across the globe. They specialize in helping investors safeguard and diversify retirement portfolios via investments in a wide range of hands-on precious metal assets, including gold, silver, palladium, and platinum.
The firm was founded as a partnership by financial experts infuriated by the exorbitant commissions charged by precious metal brokerage companies. Consequently, Oxford Gold Group boasts an investor-focused products and services package along with white-gloves customer support.
And that’s not all:
Unlike most other precious metals companies, Oxford Gold Group takes customer satisfaction, protection, and privacy a notch higher. Their solid privacy policy protects customers from invasive marketing campaigns, while their vast educational resources will guide you to make a sound investment decision.
Name: | Oxford Gold Group |
Website: | |
Founder: | Patrick Granfar |
Year Established: | 2017 |
Account minimum: | $7,500 |
Free IRA Kit: |
Services and Accounts
If you’re looking for a fast, straightforward, and legit way to diversify your retirement package with precious metals, Oxford Gold is the way to go. As a full-service precious metals dealer, the company streamlines the process of opening, owning, funding, and transacting with various precious metal accounts. These include precious metal IRAs, non-IRA precious metal accounts, and IRA rollover services, all backed by personalized, world-class customer support.
Oxford Gold Group Precious Metals IRAs
Oxfords Gold Group offers self-directed IRAs to investors who want to add precious physical metals to their retirement wealth. This helps you enjoy the tax relief of ordinary IRAs and protects your wealth against the volatility of conventional investment markets. In turn, this safeguards your investment against currency inflation, system crashes, and other such financial meltdowns.
An Oxford Gold Group IRA allows you to hold wealth in gold, silver, platinum, and palladium. However, you must store the precious metal assets in an IRS-approved depository. You can elect to use the company-recommended Delaware Depository or choose another convenient IRS-approved storage facility. Either way, you can fund your Oxford Gold Group SDIRA directly or via funds transfer from another supported account.
Oxford Group Non-IRA Accounts
These accounts enable investors to open financial accounts to invest in precious metal assets for non-retirement purposes. The company offers a wide selection of gold and silver bullion and coins along with other precious metal products that you can invest in an IRA or stash in a private collection.
If you opt to store your precious metals in private storage as part of a personal collection, the assets won’t count as part of an IRA investment, thus aren’t eligible for tax advantages and other perks of IRA assets.
Buy-back program
In a move to make the precious metals trade more fluid, Oxford Gold Group buys back gold and other IRS-approved precious metals from its investors. Though the price may not match the actual value of your assets, the firm makes the entire process a breeze. Besides, you’re assured of a ready precious metals market, up-to-date market statistics, and on-hand customer assistance as long as you invest with the company.
IRA Rollover
Do you have another active retirement account and would like to transfer the funds therein to your Oxford Gold Group IRA? The firm offers a straightforward and quick process to rollover. In that case, Suppose funds from an existing supported retirement account to your new precious metals SDIRA. These accounts are eligible for rollover:
- SIMPLE IRA
- Traditional IRA
- SEP IRA
- Roth IRA
- 401(k)
- Thrift Savings Plan
What Are The Fees?
Contrary to many precious metal dealers, Oxford Gold Group offers straightforward and transparent costs for its products and services. Here’s a breakdown of their fees:
- Flat maintenance cost of $175 annually for accounts valued below $100,000 and $275 annually for accounts with $100,000 or more
- Average storage fees range between $175 and $225 annually. There are no shipping fees
- Minimum IRA investment of $7,500
- Minimum $1,500 investment for non-IRA precious metal purchases
- Free shipping
- Free 24/7 customer support
Along with these fees, Oxford Gold Group offers large-account investors rebates as part of a discount on maintenance fees. Nevertheless, the size and duration of the rebate depend on the value of the precious metal account. Additionally, the firm partners with STRATA and Equity Institutional IRA custodians to offer investors standardized and subsidized storage.
Are They Reputable?
Oxford Gold Group is a fully legit and reputable full-service precious metals firm. Their headquarters are in Los Angeles, CA, and the company has been serving precious metal investors since its inception in 2017. What’s more, most customer reviews show that customers are exceptionally satisfied with the company’s customer service.
With an average rating of 4.8/5, this company boasts an enormous number of satisfied customers. In fact, most customers indicate a willingness to continue investing with the firm in the future. Additionally, Oxford Group boasts a huge online presence with regular updates, cementing its reputation as a trusted precious metals dealer.
Furthermore, Oxford Gold Group founders and partners are all previous precious metal investment brokers with many years of experience. Thus, they understand the challenges precious metal investors face and are keen to offer a lasting solution. Besides, the firm has a bevy of educational resources to guide investors in making the best investment decisions.
Overall, Oxford Gold Group is a reputable precious metals firm boasting a rich selection of precious metal offerings backed by stellar customer service. You can fill in their contact form on the company website or call 888-200-5586 to get a free quote.
How to Open an Account with Oxford Gold Group
Opening an Oxford Gold Group precious metals account is a walk in the park. The entire process takes under 15 minutes and is straightforward. Here’s the breakdown:
- Contact the Oxford Group customer service desk via phone at 888-200-5586 or by filling out the online contact form on their website
- Provide all required details, including personal and financial information
- Receive the application from the Oxford Group partner, sign it, and attach copies of required documents
- Send your application and funding paperwork, and your new IRA will be ready within 24 hours
- If you want to roll over funds from another account, the Oxford Group personnel will contact the IRA custodian and arrange the fund’s transfer. Normally, this process takes 3-10 days to complete.
- Once you fund your Oxford Gold Group IRA, a company partner will guide you toward the best investment options for your particular account.
Click the button or image below and it will take you to goldco's official website, which you can download a free gold IRA investing kit.
Overview of Goldco Direct
A very bullish brand logo, wouldn't you say?
A top-rated precious metals firm based in Woodland Hills, California, Goldco was founded in 2006 and was formerly known as Gerson Financial Group LLC. Its former primary focus was to ease business-to-business precious metals trade. However, Trevor Gerszt acquired the firm in 2011, transformed it into a full-service precious metals firm, and renamed it Goldco Direct.
The company has since evolved to Goldco Precious Metals, majoring in gold and silver IRAs, direct sale of precious metal assets, and other related services. It aims to help investors grow, branch out, and secure wealth in precious metal assets. This way, investors can rest free of the worry about inflation and the market instability of common investment forms such as stocks and bonds.
A leading precious metal IRA provider, Goldco was created to help investors make the best financial decisions for future financial success and freedom after retirement. It offers precious metal retirement accounts and direct sale of precious metal assets for wealth diversification and growth.
Let’s take a closer look at Goldco:
Name: | Goldco |
Website: | |
Founder: | Trevor Gerszt, CEO |
Year Established: | 2006 |
Account minimum: | $25,000 |
Average Rating: | 4.9/5 |
Carson's Rating: | 4.8/5 |
Free Investing Kit: |
Services and Accounts
Goldco is a premier IRA firm that offers a broad range of precious metal products and services. Its leading offers include gold and silver IRAs, direct (non-IRA) precious metal sales, IRA rollovers, and a convenient buy-back program.
Precious Metal IRAs
Goldco is the go-to firm for investors seeking alternate investment options to hedge against common financial meltdowns caused by currency inflation and other crises. They offer customers an opportunity to hold wealth in world-class gold or silver IRAs or a combination of both. Whichever option you choose, a Goldco precious metals IRA is a sure way to rake in the tax benefits of traditional IRAs while safeguarding your wealth against the scary shortcomings of conventional investments.
A Goldco Gold or Silver IRA enables you to hold your wealth in precious metal assets in place of volatile paper-based investments. This provides better asset security and peace of mind and enables you to enjoy many other perks of diversifying investment wealth in multiple channels.
Once you open a precious metals IRA with Goldco, you can either fund it directly or transfer part or entire funds from an existing IRA. Afterward, you can purchase Goldco’s IRS-approved precious metals. The assets are then shipped to an IRS-accredited depositor for safe storage. Possibly the best part is that you can access your precious metals conveniently to liquidate, transfer, or sell back to the company.
Direct (non-IRA precious metal sale
Goldco also allows investors to purchase precious metals directly through the company. For this, you don’t need to have an IRA with the firm or be of a certain age gap. Better still, you can have the e assets shipped to a private storage facility or store them in a secure IRS-accredited vault. All the same, the precious metals you store privately are part of a personal collection and don’t count toward IRA investments.
IRA Rollovers
If you have an existing retirement account, Goldco can help you roll over the funds into your Goldco silver or gold IRA. Only a few retirement accounts are eligible for a Goldco IRA rollover, so you may want to visit their website to confirm whether your existing account is on the list. Besides, Goldco customer support personnel are adept and always on hand to assist you in processing IRA rollovers.
Eligible IRA rollovers enable you to access multiple investment benefits- you’ll continue enjoying the tax benefits of your traditional IRA along with the advantages of diversifying wealth in precious metal investments. For example, after a successful funds roll over into Goldco precious metals IRA, you can select a favorable mix of gold and silver assets to purchase. The company’s investment specialists will also point you to the best IRS-approved depository for the safe storage of your precious assets.
Buy-Back Program
The Goldco buy-back program enables Goldco investors to sell back their precious metal assets to the firm. It’s not a requirement but a convenient way to liquidate your precious metal investment without looking for other dealers who might lowball you.
Cryptocurrency IRAs
CoinIRA is a sister company to Goldco that offers cryptocurrency IRA services to investors keen to invest in digital currencies such as cryptocurrencies. Like Goldco, it’s a convenient way to play financial market dynamics to your advantage by diversifying investments.
What Are The Fees?
Goldco charges investors several fees for various purposes, including:
- One-off IRA setup fee of $50
- One-time $30 as wire transfer setup fee
- $100 annually for non-segregated IRA storage
- $150 annual fee for segregated IRA storage
- $80 charged yearly as maintenance fee for IRAs below $100,000
- $130 annual IRA maintenance fee for retirement accounts valued at $100,000 or more
- Minimum IRA investment of between $20,000 to $25,000
- Minimum investment of $3,500 for direct taxable (non-IRA) accounts
- Free and fast shipping
Overall, you can expect to pay $260 in your first year for a Goldco precious metals IRA with non-segregated storage. Afterward, you’ll pay $180 annually, while non-IRA transactions are free.
Are They Reputable?
Goldco is doubtlessly a reputable precious metals firm. They partner with renowned and trusted precious metal IRA custodians with fool-proof vaults to guarantee safe asset storage. Better still, their preferred depositories are all IRS-accredited and insured, so you can rest assured your precious metals are safe.
More so, the company has received phenomenal customer reviews and positive ratings on most review sites. Particularly, investors are pleased with the firm’s personalized customer assistance, customer-friendly interface, and rich choice of precious metal products. Here’s a breakdown of the company’s glowing accolades:
- Ranked 528 by Inc. magazine in its 35th annual Inc. 5000 among the fastest-growing private companies
- Named the 3rd fastest-growing company in the financial services sector in 2015 by Inc. Magazine
- The 17th most rapidly growing firm in Los Angeles, according to the Los Angeles Business Journal
- Highest AAA Rating from the Better Business Bureau
- AAA rating from the Business Consumer Alliance
- Registered member of Ethics.Net
- 4.8/5 average star rating on TrustLink
- 4.5/5 average rating on Consumer Affairs
- 4/5 average star rating on Trustpilot
How to Open an Account
Opening a precious metal (gold or silver) IRA is simple, short, and straightforward. Simply follow these steps:
Visit the Goldco website
Fill out the contact form to open a new gold or silver IRA
Provide all requisite details in the personal and financial information sections. A company representative will assist you in identifying the most suitable storage depository for your precious metals.
Set up your IRA funding: you can either choose direct funding or roll over the funds from another eligible retirement account
Once the funding is complete, select your preferred gold or silver assets to purchase. A Goldco representative is always available to walk you through the process and options and help you make the best investment decision in line with your situation, needs, and goals.
Decide what mix (bars or coins) of precious metals you want, and then place your order.
Receive your select precious metals in your preferred IRS-approved depository.
Download the free gold ira investing kit from Goldco to get started!
Which Do We Recommend: Goldco or Oxford Gold Group?
Choosing the best precious metals firm for IRA investment is a tough call to make because multiple factors are at play.
However, Oxford Gold Group has only been in the market for a few years and stands out as the best gold IRA Company for beginner and low-to-mid-budget investors. The firm’s minimum IRA investment of $7,500 and transparent costs are attractive to most investors. Moreover, its experienced specialists are keen to offer expert services at standardized and subsidized costs.
Additionally, Oxford Gold Group’s world-class customer support and rich investment resources (guides) make Oxford Group the go-to company for investors who need expert guidance to make the best investment decisions for retirement. Better still, the firm allows you to invest in gold, silver, palladium, and platinum. This makes it the best choice for investors looking to diversify retirement wealth in multiple alternative assets.
On the other hand, Goldco has braved the precious metals market for 14 years and has seen it all. Their specialists know the most precious metal assets market trends and are best positioned to point established investors to the best investment packages. So, naturally, they have more established investment packages for investors.
Nevertheless, Goldco has a high minimum IRA investment that’s restrictive to many low-and-mid-level investors. Besides, they only offer gold and precious silver metals, further limiting investor options.
Overall, Oxford Gold Group and Goldco are legit and reputable precious metal IRA firms with glowing reviews and ratings. They’re both worth looking into if you’re seeking a reliable alternative form of investment to expand your retirement portfolio.
Tips for Success from our Gold IRA Investor
With the ravaging effects of Covid-19, the U.S and other world economies are creeping deeper into national debt with each passing day. What’s scarier is that your traditional IRA/401(k) is at risk too. Worse yet, the government and banks may come after your hard-earned savings to keep their operations afloat unless you act now to safeguard your retirement.
Are you interested in investing in precious metals? This move is a sure way to diversify and protect your retirement wealth from inflation, market crashes, government confiscation, and other financial meltdowns associated with the volatile dollar-backed investments. Here are a few tips for wise precious metals investing:
- Investing in precious physical metals such as gold, silver, platinum, and palladium is a tried-and-true strategy toward stable retirement investment
- Do your due diligence to point out the best gold IRA firm for your retirement investment. In particular, look into the companies’ precious metal IRAs, buy-back program, customer reviews and ratings, pros & cons, and customer service.
- Investing in precious physical metals today will ensure your wealth financially in the event the dollar-based economy tumbles.
- Precious metal assets and investments offer freedom from unfavorable government policies and restraints.
Final take
Investing in financial products is undoubtedly one of the most profitable ventures. However, it also comes with great risk. It is our hope that this review should be able to paint a clear picture of the difference that lies between Goldco and the Oxford Gold Group.
Goldco
4.9/5
Oxford Gold Group
4.5/5