Oxford Gold Group Review

Oxford Gold Group is a precious metals IRA provider. But is it right for your retirement investing? How high are the fees? Read on to find out.

Investing in your 401(k) and the stock market for retirement is popular. But when it comes time to retire, are you sure you'll have enough money?

The stock market certainly has its ups, but it has its downs as well. And there's no telling what your investments will be worth when you need the money.

That's why some recommend investing in precious metals IRA like those at Oxford Gold Group.

• But are they right for you?
  
• How high are the fees?
  
• And how does Oxford stand up to its competitors?

In this detailed review, you'll learn everything you need to know.

What is Oxford Gold Group?

Oxford Gold Group is a relatively new precious metals IRA provider founded in 2017. It's based in Beverly Hills, California.

They offer services broadly related to their precious metals IRA and precious metals investing. The minimum investment for an IRA account is $25,000.

They are a precious metals dealer and offer a range of options. You can choose from gold, silver, platinum, and palladium coins, bars, and bullion. You can use the metals to fund your IRA or for home delivery.

Oxford has a strong reputation for customer support. You can also find a Learning Center to help you make informed decisions about retirement and precious metals investing.

Oxford Gold Group Features

Now that we've taken a broad look at Oxford Gold Group, let's dig deeper into their specific services.

Gold and Silver IRA

The Gold and Silver IRA from Oxford Gold Group allows you to invest in precious metals on a tax-advantaged basis for your retirement.

This means that rather than owning so-called "paper gold," by investing in gold mutual funds, ETFs, and stocks, you have the chance to own real, physical precious metals approved by the IRS as part of your retirement savings plan.

While many retirement accounts, such as common employee-sponsored 401(k)s, don't allow for investing in physical gold, a self-directed IRA like this one can make it possible.

And you aren't limited to gold and silver, either. You can invest in metals such as:

• Gold
  
• Silver
  
• Platinum
  
• Palladium

But you may be wondering, should you invest in precious metals for retirement? If so, there are two reasons usually given.

The first reason to invest in gold is to protect the stock market's volatility. While the stock market's value does trend steadily upward over the years, there are certain periods when prices aren't good.

When it comes time to take distributions from your retirement investment account, you may find yourself with lower stock market returns and less money than you had planned.

Since gold and other precious metals prices don't correlate with stocks, diversifying your investments to include them can offer a safety net during down markets.

Gold is also said to hedge against inflation. Some experts argue it holds value better than the dollar, thanks to its inherent value and limited supply.

Whether you believe that's true is up to you, but a gold IRA may be right for you if you do.

Buy Precious Metals Directly

Funding a precious metals IRA isn't as easy as going online and buying gold coins. The IRS has strict requirements of purity and authenticity regarding the coins and bullion you can use.^[1]

That's why it's often your best option to go with an IRA provider that will sell IRA-eligible precious metals directly to you. And Oxford Gold Group does just that.

They offer a range of coins, bullion, and bars including:

• American Gold Eagle
  
• Gold North American Bald Eagle
  
• Gold Bottlenose Dolphin
  
• American Silver Eagle
  
• Silver Canadian Arctic Fox
  
• Silver Bottlenose Dolphin
  
• Platinum American Eagle
  
• Platinum Austrian Philharmonic
  
• Platinum Canadian Maple Leaf
  
• Canadian Maple Leaf Palladium
  
• Palladium Chinese Panda and plenty more

Storage

Secure storage is a top priority when it comes to precious metals IRAs.

But due to regulations imposed by the IRS, you aren't allowed to keep what's sometimes called a "home storage IRA," where you store your precious metals at home.^[2]

IRA-related precious metals must be stored in an approved depository, which is why Oxford Gold Group has partnered with two well-respected depositories:^[3]

• Brink's Global Services U.S.A.
  
• Delaware Depository

Both will keep your gold and other precious metals in secure vaults and are insured by "all-risk" insurance policies underwritten by Lloyds of London.

Buy-Back Program

When it comes time to take the required minimum distributions from your IRA, you have two options.

1. You can have your precious metals shipped directly to you
   
2. Or liquidate the metals and receive cash

Oxford Gold Group will wire the funds to your bank account or send you a check for the amount owed if that's what you decide to do.

The option to liquidate saves you from the hassle of trying to sell your gold to a dealer who will offer you a reasonable price when you need cash.

Fees to Look Out for

Fees are an important consideration when choosing a precious metals IRA provider. Let's look at the fees associated with Oxford Gold Group's precious metals IRA.

IRA providers are often less than transparent about pricing on their websites. Oxford Gold Group's website is the same. But we spoke to a rep to get the details.

• Setup Fee: $300*
  
• Annual Storage, Insurance, and Maintenance Fee: $200^[4]
  
• Account minimum: $25,000

*Oxford Gold Group will pay your setup fee as an incentive to sign up, so you only pay the $200 annual fee to start. This is lower than many of their competitors.

There is also a $10,000 minimum purchase requirement for coins and a $25,000 minimum purchase requirement for bars.

But Oxford Gold Group may cover your storage fees for up to five years if you qualify.

Overall, Oxford has slightly lower than average fees and a standard minimum investment requirement. You can speak to one of their representatives to check on the precious metals pricing.

If you'd prefer to see a company's precious metals pricing on their website, check out Orion Metal Exchange. Oxford Gold Group has some other strong competitors as well.

Oxford Gold Group vs Competitors

Next, we'll look at how Oxford Gold Group compares to some of its most popular competitors.

Oxford Gold Group vs Patriot Gold Group

	Oxford Gold Group	Patriot Gold Group
Annual Fee	$200	$200
Minimum Deposit	$25,000	$25,000. No Fee IRA $100,000 minimum
Gold IRA
Silver IRA
Platinum IRA
Palladium IRA

Patriot Gold Group is another precious metals IRA provider offering similar services to Oxford.

Their IRAs support the same selection of metals (gold, silver, platinum, and palladium) and have a comparable selection of coins, bars, and bullion.

Fees are competitive. The minimum investment is the same at $25,000.

However, if you have over $100,000 to invest, then you can benefit from Patriot's No Fee for Life IRA. This will save you a lot on fees over many years.

Bottom Line

Oxford Gold Group is a reputable provider of precious metals IRAs, offering the four metals you're most likely to find in these types of accounts.

They have solid customer reviews and good ratings from the BBB, BCA, and Trustlink, meaning you can expect quality customer service if you choose to open an account.

Their fees are on the lower side, but their minimum investment is fairly standard.

Overall, it looks like you'll have a smooth experience getting started with them and some of their competitors.

References