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.

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 and based in Beverly Hills, California.

They offer services broadly related to their precious metals IRA and precious metals investing.

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.

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 $200 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.

Transaction fees: 4% - 10%

The most popular gold IRA providers make their money off the transaction fees when you buy your metals. This is also called the "buy and sell spread" and is how all dealers make their money.

IRA providers are often less than transparent about this price, and you won't find it on many websites. Oxford Gold Group's website is the same.

But 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.

Patriot has a slightly lower minimum investment than Oxford Gold Group at $15,000.

They also have slightly lower fees than Oxford. Plus, if you have a large sum to invest, over $250,000, then you can benefit from Patriot's No Fee for Life IRA.

Oxford Gold Group vs Regal Assets

Another reputable precious metals IRA provider you may be interested in is Regal Assets.

Regal Assets has a lower minimum IRA investment than Oxford Gold Group at $10,000.

But Regal charges more in fees than Oxford. You'll pay an annual administration fee of $100 and a $150 storage fee.[5] Meaning what you pay will ultimately depend on the size of your account, and it could be substantial.

If you have more to invest at first, Oxford Gold Group looks like the better option.

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

  1. ^ U.S. Code. 26 USC 408: Individual retirement accounts, Retrieved 7/19/2022
  2. ^ Internal Revenue Service. IRA FAQs: Investments "If my IRA invests in gold or other bullion, can I store the bullion in my home?", Retrieved 7/19/2022
  3. ^ Oxford Gold Group . Precious Metals IRA Depository Storage, Retrieved 7/19/2022
  4. ^ Oxford Gold Group . Frequently Ask Questions: How much does it cost to maintain my SDIRA?, Retrieved 7/19/2022
  5. ^ Regal Assets. Storage: Transparent, and FLAT Pricing Fee, Retrieved 7/19/2022
Ally Invest Coupon Codes

Get Up to $3,000

Expires 9/30/2022

The minimum qualifying deposit to receive a cash bonus is $10,000. Accounts will be reviewed 60 days after account opening to determine the total qualifying deposit. Corresponding cash bonus will be credited to the account within 10 business days. Once the bonus is credited to the account, the bonus and qualifying deposit (minus any trading losses) is not available for withdrawal for 300 days. If the qualifying deposit is withdrawn, the bonus may be revoked.

Deposit or TransferCash Bonus
$10,000 - $24,999$100
$25,000 - $99,999$250
$100,000 - $249,999$300
$250,000 - $499,999$600
$500,000 - $999,999$1,200
$1,000,000 - $1,999,999$2,000
$2,000,000+$3,000

Betterment

Get up to 1 Year Managed Free

New Betterment customers only. Accounts must be funded within 45 days of signup. Terms apply.

BlockFi

Get Up to $250 in Bonus BTC

DepositCrypto Bonus
$100 - $1,499$15
$1,500 - $19,999$20
$20,000 - $39,999$40
$40,000 - $74,999$75
$75,000 - $99,999$100
$100,000+$250

M1 Finance

Commission Free Stock Trading

M1 Finance allows investors the choice of ETFs and stocks. M1 charges no management fees or commission.

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?



Advantage Gold Review

Advantage Gold Review

Advantage Gold is a popular precious metals IRA provider. But is it right for you? How high are the fees? Read on to find out.

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.