In recent years, many people have learned about the importance of diversifying their investments with precious metals like gold, silver, platinum, and palladium. Fortunately, there are many companies today that sell precious metals and offer IRA services. Choosing the right precious metal company is not easy. Some people feel safer working with established companies that have been around for a long period and have a big customer base. But you should know that dealing with such companies may involve higher fees and the customer service may not be the best.
On the other hand, going for a newer and younger company like Oxford Gold Group may prove to be the better option in terms of affordability, great customer service, dependability, and simplicity. Here is everything you need to know about Oxford Gold Group.
Why You Should Consider Investing in Precious Metals
Understandably, you may be skeptical about investing in precious metals for various reasons. Like many people, you may feel that buying stocks and investing in real estate is the safest option to provide you with passive income during your retirement years. This isn’t always the case. Nowadays, the stock market can go up today, and its down the next day.
That’s why many experts suggest that we consider investing in precious metals since they can easily hold to their value even when the economy is crumbling. In fact, the price of precious metals is more likely to go up when the stock market falls. Additionally, precious metals can never go bad, especially when they’re stored properly.
For some people, investing in precious metals may seem like a lost cause especially since you won’t be earning a regular income from them. However, you should know that these precious metals will be there when you urgently need the money. All you need to do is trade them, and you’ll get a better return than the amount you initially invested. The same can’t be said about stocks and real estate. If the economy is doing badly, it’s likely that your stocks and real estate won’t quite give you the return you were hoping for.
Another reason many people prefer to invest in precious metals is the heightened level of control that is not found in other investment options. Since precious metals are not connected to any central bank, they can be stored in any location with little to no government oversight.
About Oxford Gold Group
Oxford Gold Group is a precious metal investment company located in Los Angeles, California. The company specializes in helping you achieve your retirement goals through the acquisition of precious metals. Oxford Gold Group was founded back in 2017 by two associates with over 20 years of combined experience in the precious metal industry.
Both founders became frustrated by the high levels of brokerage in other precious metal companies. As a result, Oxford Gold Group doesn’t have any commissioned salesmen. Instead, only the two founders with personal stakes in the company work to ensure you get the best customer service possible.
Oxford Gold Group helps you convert your existing IRA or 401(k) into precious metals like gold, silver, platinum, or palladium. Additionally, the company offers you the best pricing and customer service if you decide to purchase precious metals outside your retirement accounts. Oxford Gold Group’s main focus is to educate you so that you can make informed decisions regarding precious metal investments and your financial future.
Since Oxford Gold Group is an owner-operated company, you work directly with the business founders on every transaction, whether it’s directly purchasing precious metals or precious metal IRAs.
How Oxford Gold Group Works
Unlike a traditional Individual Retirement Account (IRA), you get to choose your ideal investment venture through a self-directed precious metal IRA at Oxford Gold Group. This implies that you have the freedom to choose any precious metal you want to invest in, whether it’s gold, silver, platinum, or palladium.
On the other hand, if you’d prefer to open a precious metal IRA with Oxford Gold Group, you can do so by visiting the official website and downloading its complete guide on how to invest in precious metals. To get this guide, you’ll be required to give your name, email address, and phone number. Once you’re ready to start investing in the precious metals of your choice, the company may assist you to choose the best precious metal investment option available.
Oxford Gold Group offers precious metals in coins that are priced based on their weight. Additionally, you can always buy large quantities of precious metals in bars and bullion. The company offers preparation, packaging, and shipping services to all their clients on delivery orders.
Oxford Gold Group also offers storage services to clients who prefer to store their precious metals in the company’s secure and secret location. Most of the time, the people who inquire about the company’s storage services are those who purchase precious metals in large quantities.
Oxford Gold Group Fees
One of the Oxford Gold Group’s main objectives is to make investing in precious metals affordable for their clients, and they’ve surely succeeded in that regard. The company charges a fixed annual maintenance fee at $175 for accounts worth less than $100,000 and $225 for accounts with more than $100,000. This is unlike most companies that charge an annual maintenance fee plus per-transaction commission.
It’s worth noting that Oxford Gold Group’s storage fee is included in the maintenance fee, but brokerage and shipping fees are not. Additionally, the account maintenance fees are tax deductible.
If you transact regularly or have a big account, you’ll make significant savings with Oxford Gold Group. This is because owners of big accounts may even qualify for rebates to lower maintenance fees. In fact, the rebate program at Oxford Gold Group has become so successful that some clients do not pay any maintenance fees in the first three years of operation.
However, the company sets restrictions for the minimum amount you can purchase. The minimum amount you can spend on an IRA is $7,500, while the minimum amount for precious metals outside an IRA is $1,500.
Oxford Gold Group Products and Services
Oxford Gold Group offers a variety of services including the following.
Precious Metals IRA
IRAs are long-term savings accounts used by individuals with income to save for their retirement years. Those who open these accounts enjoy tax benefits in exchange for placing limits on how much money they contribute to the accounts. Oxford Gold Group helps you set up your IRA accounts to invest in precious metals and also enjoy these tax benefits.
All you need to do is contribute money to your precious metal IRA and choose the precious metals you want to invest in. After doing so, the company will then purchase and store the precious metals on your behalf. When you decide to withdraw from your precious metal IRA, Oxford Gold Group will deliver the precious metals directly to you.
Precious Metal products
Besides opening a precious metal IRA, Oxford Gold Group also deals with a variety of precious metals such as gold, silver, platinum, and palladium. These precious metals come from various countries around the globe, including the United States, Britain, Canada, Australia, and Austria.
If you’re interested in buying or selling these precious metals, all you need to do is fill out a form on the company’s official website. After submitting this form, Oxford Gold Group partners will contact you to discuss the specifics of the transaction, including storage and delivery fees.
Rollover of Retirement Accounts Into Self-directed IRAs
In addition to dealing with precious metal IRAs and precious metal products, Oxford Gold Group also helps you roll over your retirement accounts into self-directed IRAs. Some of the retirement accounts that qualify for rollover include:
How to Open a Precious Metal IRA with Oxford Gold Group
Oxford Gold Group is committed to making the application process for new accounts and rollovers as simple as possible. Currently, the process takes about 15 minutes to complete, and most accounts are usually activated within 24 hours. Here is a step-by-step guide on how to open a precious metal IRA with Oxford Gold Group:
The Company Resources
Many people think that purchasing precious metals like gold, silver, platinum, and palladium is the hardest part of this process but it’s not. The most important part of this entire process is the planning and the decisions you have to make before making the actual purchase. Therefore, before making such a big investment, you want to ensure that you’re well-informed about every aspect of the entire process.
This is because having the right information will help you make the right decisions regarding your investment. Fortunately, this is one front that Oxford Gold Group excels. The company provides you with a variety of resources to help them learn every detail associated with precious metals. They have a free guide that contains everything you need to know about the company and how to invest wisely in the world of precious metals.
Oxford Gold Group even goes further to give you recommendations on how you can use precious metals like gold, silver, platinum, and palladium to grow your retirement savings and shape your future. The guide also talks about how these precious metals can protect your assets during tough economic times.
You’ll also find the guide useful if you’re seeking information on how to open a self-directed IRA or rollover your 401(k) to a precious metal IRA. Additionally, the company provides live updates and informative blog posts on its website, which you may find useful.
Pros & Cons of Oxford Gold Group
Is Oxford Gold Group Legit?
When you decide to invest in a certain business, it’s important that you feel confident with the company and its management. Nowadays, there are many scams in the precious metal industry, and it’s only right to conduct your due diligence before working with any precious metal company.
Oxford Gold Group is a legit company properly documented with the Better Business Bureau. The company has an A+ rating on Better Business Bureau and 4.9/5 stars on Trustpilot and Facebook.
Where Does Oxford Gold Group Store Precious Metals?
When investing in precious metal products, it’s important to consider storage. You want to ensure that your investment is properly stored and insured. Oxford Gold Group offers free storage and insurance of precious metals to all clients through two depositories, namely:
Oxford Gold Group delivers and collects precious metals from these depositories using insured carriers. Both storage facilities have cutting-edge security technology and qualified personnel. Additionally, both depositories are insured by reputable insurance companies.
Does Oxford Gold Group Guarantee a Certain Rate of Return on Precious Metal IRAs?
No. Oxford Gold Group doesn’t guarantee a certain rate of return to clients, just like any other investment. Even though it’s rare, the price of precious metals may go up or down depending on various factors. For instance, the price of gold went up from 2000 to 2011, dipped for several years, and then stabilized.
If you’re planning to invest in precious metals, Oxford Gold Group could be the ideal company. In addition to offering a wide variety of precious metals, the company offers you high-quality customer service and knowledge. This can benefit you in your plans diversify your investment portfolio.
Before making the decision to work with the company, you can always consider talking to one of the partners or reading some of the testimonials online. This way, you can determine whether the company suits your investment plans.