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Is Birch Gold Group Legit, or Are They a Scam? (Review by an Investor)

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As more investors realize the importance of diversifying wealth, they're seeking alternative investment channels to hedge against unpredictable market variables that are commonplace and financially unfavorable. As a result, the precious metals market is seeing a gigantic surge of customers. 

When you join the bandwagon, searching for a trustworthy precious metals firm will yield Birch Gold Group as one of the leading Gold IRA companies. After that, you'll want to know whether they're a legit precious metals dealer worth investing your hard-earned wealth in. 

In this 2023 Birch Gold Group Review, we'll take a deep dive into the company's infrastructure, products, and services to reveal everything you need to know. Next, we'll inform you of our honest, professional verdict to decide whether they are ideal for your investment. 

Before that, here's a quick overview of the Birch Gold Group:

Birch Gold Group Review Summary

Name of Company:

Birch Gold Group

Official Website:

Headquarters:

Burbank, California

Year of Launch:

Birch Gold Group launched in 2003, which means they have been in business for 20 years.

CEO:

Laith Alsarraf

Products and Services:

Precious Metal (Gold and Silver) IRAs and Direct (Non-IRA) Precious Metal Sales

Average Consumer Rating:

4/5

Minimum IRA Investment:

$10,000

Product Name

Carson's Rating: 4.5/5

What is Birch Gold Group?

Birch Gold Group is a leading full-service precious metals firm based in Burbank, California. Founded in 2003, the company has been catering to precious metal investors seeking wealth diversification for financial stability across the U.S. 

No doubt you're wondering what precious metal products and services are available at Birch Gold Group. You'll be delighted to learn that the firm is a full-stack precious metals dealer. That means they offer most products and services you need to get into the precious metals market.

Specifically, Birch Gold Group deals in self-directed precious metal IRAs and the direct sale of silver, platinum, palladium and gold in the form of bars and coins. Furthermore, the firm boasts an impressive workforce of accomplished financial brokers, financial executives, investment consultants, and other wealth specialists that guarantee customers first-class services and support. 

If you're wondering about the company's credibility, we have good news: Birch Gold Group continually features in major financial media and investment news outlets. Better still, their two-decade market experience cements the trust of new and established precious metal investors alike. 

How does Birch Gold Group work?

Birch Gold Group is alive to the diverse needs of varying precious metal investors. They leverage their workforce's top-shelf expertise and broad expertise to present each customer with a custom investment package befitting their specific situation, financial goals, and budget. 

Here's the interesting part: Gold Birch Group recognizes the power and importance of the human connection in any financial transaction. Consequently, they integrate a mix of human values in their robust infrastructure to enhance service delivery and promote trust among customers.

Here's something unique we discovered about Birch Gold Group: Their products and services center around a policy of information-sharing, personalized customer support, and trust. This way, they excel at service delivery and customer satisfaction via free comprehensive financial investment guides and unbeatable precious metal deals in a madly competitive marketplace. 

You guessed it- Birch Gold Group caters to two categories of precious metal investors. The first group consists of people who want to buy physical gold precious metal assets to spread out their financial investments or private collections. Additionally, the firm serves customers who want to diversify, strengthen, and protect retirement portfolios with gold and silver individual Retirement Accounts (IRAs).

Birch Gold Group can also help you with a gold IRA rollover, including moving your 401(k) to a gold IRA with no tax penalties.

Related: Investing in Gold IRAs vs physical gold

Let's take a more focused look at these Birch Gold Group offers:

1. Non-IRA Precious Metals Sale

Birch Gold Group has a straightforward process for investors seeking to buy precious metals outside IRA arrangements. They allow you to purchase the assets directly via bank cheque or wire transfer and then ship your prize to either your preferred IRS-accredited depository or private storage facility.

Either way, you only need to contact the firm and state the assets you're interested in. Then, they'll assign you a customer representative instantly to walk you through all the investment options available for your specific order. 

From there, you'll select your preferred precious metals from the firm's catalog. After that, check out your order via personal cheque or wire the funds, and you'll receive your treasure within a week.  

If you're considering buying precious metals directly, here's a rundown of the options you'll get from Birch Gold Group:

Gold bullion bars and coins:

  • 2023 Australian ¼ oz. Gold Florin
  • American Buffalo
  • American Gold Eagle (bullion)
  • American Gold Eagle (proof)
  • Canadian Gold Maple Leaf
  • Gold Bars and Rounds
  • Gold Gyrfalcon
  • Gold Indian Head Eagle ($10)
  • Gold Polar Bear and Cub
  • Gold Rose Crown Guinea
  • Gold Twin Maples
  • Liberty Head (Coronet Head) collection
  • Liberty Head Double Eagle ($20)
  • Saint-Gaudens double eagle ($20)
  • South African Krugerrand Valcambi CombiBars

Silver bullion and coins:

  • 2023 Australian 2 oz. Silver Florin
  • America the Beautiful Silver Series
  • American Silver Eagle (bullion)
  • American Silver Eagle (proof)
  • Canadian Silver Maple Leaf
  • Morgan Silver Dollar
  • Peace Silver Dollar
  • Silver Bars and Rounds
  • Silver Gyrfalcon
  • Silver Polar Bear and Cub
  • Silver Rose Crown Guinea
  • Silver Twin Maples
  • Walking Liberty Half Dollar

Platinum assets:

  • American Platinum Eagle

  • Platinum Bars and Rounds

Palladium:

  • Canadian Palladium Maple Leaf 
  • Palladium Bars and Rounds

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2. Precious Metals (Gold and Silver) IRAs

As an alternative to direct precious metals purchasing, you can open a self-directed Individual Retirement Account (SDIRA) with Birch Gold Group. A precious metals IRA enables you to purchase and hold actual metals such as gold and silver bullion bars and coins as alternative investment assets. In this case, however, you can only hold the assets in an IRS-approved storage facility. 

Here's how a Birch Gold Group precious metals SDIRA works: You act as the IRA executive by making all decisions on preferred investment amounts and assets. On the other hand, the company serves as the IRA broker and links you with a competent IRA custodian and depository.  

There's more. Besides the executive control, a Birch Gold Group IRA offers you extra investment flexibility. It allows you to hold wealth in alternative investments such as:

Physical precious metal assets including gold, silver, platinum, and palladium

Ultimately, holding a precious metals IRA with Birch Gold Group has multiple financial benefits that include:

  • Diversification of retirement savings through precious metal assets and the consequent stable marketplace dynamics
  • Enhanced purchasing power security as precious metal assets retain or increase in purchasing power while other markets decline.
  • Guaranteed positive return on investment since precious metals are rare, have constant high market demand, and are more financially valuable than most other financial assets.

Does Birch Gold Have ETFs?

According to Birch Gold, they do not offer exchange-traded funds (ETFs), but they do offer precious metals IRAs (gold and silver), including physical gold and silver, ETFs, and gold and silver coins.

ETFs, a simple and secure investment method, let you indirectly own gold through a fund. You can trade gold and silver ETFs like regular stocks through your stock brokerage.

How to open Birch Gold Group precious metals IRA

Birch Gold Group offers Gold and Silver IRAs to retirement investors

Let's agree on one fact- opening a precious metal SDIRA with Birch Gold Group is a walk in the park. The process is both straightforward and short. Even better, the company assigns you a personal representative to walk through the entire exercise one step at a time.

Here's how to go about it:

  1. Visits the official Birch Gold Group website and reach out to a company representative through this contact form or the other contact methods

  2. Fill out all fields in the form and then hit the 'Request My Free Investment Kit' button. 

  3. Choose your preferred IRA custodian. The firm recommends the IRS-accredited Equity Trust Company or STATA Trust Company.

  4. Select a convenient method to fund your IRA. Luckily, you can pay via personal cheque or bank wire transfer. Alternatively, you can roll over the funds from another eligible retirement account such as Traditional IRA, SEP-IRA, SIMPLE IRA, Roth IRA, or a qualified 403(b), 401(k), 457, or TSP account.

  5. Pick out your precious metals from the pool of available gold, silver, palladium, and platinum offers.

  6. Pick an ideal storage depository for your prize from a list of the company's recommended IRS-approved and insured facilities that include the Delaware Depository and Brink's Global Service.

  7. Make the purchase order and then wait for the assets to ship to your chosen precious metals depository. The company's investment specialist will expedite the requisite paperwork and keep you up-to-date on the order status.

  8. Monitor the performance of your IRA through your assigned Birch Gold Group representative and the IRA custodian.

Birch Gold Group Fees

Here's a breakdown of the cost of opening and investing in a Gold or Silver IRA with Birch Gold Group:

  • $50 account IRA setup fee, payable only once
  • $30 one-time wire transfer charge
  • $40 for each transaction 
  • $100 annual IRA storage and insurance fee
  • $80 IRA administration and maintenance fee payable yearly
  • $10,000 recommended minimum IRA investment

Overall, you can expect to inject your Birch Gold Group IRA with $180 every year in addition to the investment amount and one-time account and wire transfer setup fees. Further, the company will cover all the first year's IRA storage and maintenance costs above the annual $180 fee for investments above $50,000.

Trust Ratings and Investor Reviews of Birch Gold Group

Generally, Birch Gold Group boasts impressive average trust ratings on trusted reviews sites and glowing reviews from most customers. Here's the data: 

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Customer Support

Any precious metals company worth investing in should integrate a reliable customer assistance system and policy. Fortunately, Birch Group contains a robust and efficient customer support structure. In addition, they leverage top-shelf precious metals investment expertise and hard-grained market experience to offer each customer a personalized user experience. 

And there's more: The firm incorporates a responsive website design and user-friendly interface to streamline website navigation and account management. Better yet, you can reach their customer support desk via multiple convenient contact channels such as:

Pros and Cons 

Pros:

  • Accredited by trusted platforms like the BBB and BCA
  • The majority of customer reviews are positive
  • Glowing trust ratings and reviews from major review websites
  • Has extensive experience in the precious metals trade
  • Numerous investor-friendly offers such as informational investment resources, convenient minimum investment caps, a rich choice of investment assets, multiple customer support channels, and a lucrative affiliate program

Cons:

  • Hidden fees
  • Only serves customers in the U.S
  • A few negative reviews from disgruntled customers

Alternatives Compared to Birch Gold Group

With gold on the rise, and many investment companies bidding for your business, Birch Gold Group is a great option. However, there are alternatives to Birch Gold Group that you should research before making your decision.

Goldco is hands down the best Birch Gold Group alternative, and I compared Birch Gold Group Vs. Goldco to see which is better for your financial situation and goals. You'll also want to look into Augusta Precious Metals (see my Augusta Precious Metals vs Goldco Direct), Oxford Gold Group, Noble Gold and Patriot Gold Group.

Make sure you do your due diligence before making your investment.

Final Verdict: Is Birch Gold Group Legit or a Scam?

Birch Gold Group is a fully legit and credible precious metals firm. They have brick-and-mortar offices in a verified physical address in the Central Park Building along Olive Avenue in Burbank, California. Their physical offices are open daily from 6 Am to 5:30 Pm.

Moreover, the firm has garnered outstanding trust ratings and accreditation from major platforms alongside affirmative customer reviews on trusted review sites. On top of that, they strive to give timely and satisfactory responses to both positive and negative customer feedback. 

But wait, there's more: Birch Gold Group partners with IRS-approved IRA custodians and storage depositories to guarantee bank-level precious metal asset storage and insurance. They also offer numerous resources such as the Anti-Money Laundering Compliance and Scam Protection Resource Guide to outline the best practices in precious metals investment. 

In a nutshell, Birch Gold Group is worth checking out if you're searching for an established and dependable precious metals dealer in the U.S. Nevertheless, best investment practices require you to be proactive in conducting due diligence before committing your precious wealth to any investment firm.  

Photo of author

Carson Ash

After earning my degree in Economics from Princeton University, I started on the Wall Street grind, working for J.P. Morgan as a Financial Analyst and a Professional. Over those years, I learned a lot about investment banking and how to diversify portfolios. I later developed a strong passion in Precious Metals and Gold IRA investing companies, helping hundreds of clients reach retirement earlier than ever before.

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