August 6, 2022

Oxford Gold Group Review

Read more about Oxford Gold Group
Ad Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. You help support CreditDonkey by using our links. (read more)

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.

Overall Score

4.2

Minimum Deposit

3.5

Gold IRA

4.0

Customer Service

5.0

Fees

3.5

Safety

5.0
5-point scale (the higher, the better)

Pros and Cons

  • Free setup & rollover
  • Focus on education
  • A+ BBB rating
  • $25,000 minimum
  • Lack of pricing transparency

Bottom Line

Gold IRA with excellent customer reviews and competitive fees

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.

Is Oxford Gold Group legit?
Yes, Oxford Gold Group is a legitimate precious metals IRA provider. Though relatively new, they have a 4.9-star rating on Trustpilot, a 5-star rating from the Business Consumer Alliance, and they're an accredited business with the Better Business Bureau, with an A+ rating.

Oxford Gold Group Features

  • Slightly lower fees
  • Helpful educational resources
  • Rollovers are easy + no fees
  • Standard minimum investment
  • Lack of transparency with metals pricing

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.

Did you know inflation is at its highest level in decades? You've probably noticed prices increasing in stores and gas stations. In 2022, the inflation rate spiked above 8% which is the highest it's been since 1981.

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]

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

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

eToro

Deposit $100 and Get $10

For a limited time, you can get $10 when you deposit $100 in your eToro account. Here's how:
  1. Sign up for an eToro account
  2. Deposit $100
  3. Explore stocks, ETFs, and crypto
You'll automatically receive $10 directly to your account balance. eToro USA LLC; Virtual currencies are highly volatile. Your capital is at risk.
Expires 12/31/2022
Acorns

Sign up with Acorns and get a $20 bonus

Expires 12/31/2022
  • Users must create their Acorns account between now and December 31st, and have it verified
  • Sign up bonus is exclusively for new customers who have not previously opened an Investment Account.
  • To be eligible for sign up bonus, a customer must deposit a minimum of $5, in an Acorns Invest, Early, Later, or Checking account via the Recurring Investment feature
  • Bonus is typically paid within 10 days of the following month, after making your first successful Recurring Investment
Ally Invest Coupon Codes

Commission-Free Stock Trades

With no minimum account balance and no minimum trade activity

Alto

Alto CryptoIRA®

  • Easy access to more than 175 cryptocurrencies, like Bitcoin, Ethereum, and Solana
  • Tax advantages of an IRA
  • No setup or monthly account fees
  • No account minimums
  • $10 minimum investment

Jeremy Harshman is a creative assistant at CreditDonkey, a personal finance comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

Read Next:

Best Places to Buy Gold Coins

Buy Gold Coins

Best Gold IRA Companies

Best Gold IRA Companies

Best Way to Invest Gold

Best Way to Invest Gold

What is Gold IRA

What is Gold IRA

Physical Gold IRA

Physical Gold IRA

Home Storage Gold IRA

Home Storage Gold IRA

Leave a comment about Oxford Gold Group Review?



American Hartford Gold Review

American Hartford Gold Review

American Hartford Gold is one of the top precious metals IRA providers. But how high are the fees? Are they right for you? Read on to learn more.

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2022 CreditDonkey Inc. All Rights Reserved.