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Years in Business | 5 |
Minimum IRA Investment | $7,500 |
Fees |
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Services Offered |
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Suitable for | Retirees trying to secure their financial future |
Online Experience |
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Oxford Gold Group has been operating since 2017, offering precious metal investing solutions for retirees who wish to secure their financial future. It helps clients build a tangible asset portfolio of precious metals.
It’s located in Beverly Hills, California and run by co-founder and president Patrick Granfar. Its products include gold, silver, platinum, and palladium bars, coins, and precious metal investment retirement accounts (IRAs).
Oxford Gold Group offers an informative and customer-friendly investment option, and we like that you can receive guidance from start to finish on precious metal investing. These aspects of the company make it an ideal choice for retirees who are looking to diversify their portfolio without prior investment experience or knowledge.
Oxford Gold Group doesn’t list its precious metal pricing on the website. You must speak to customer service to get those figures. To operate an account that has below $100,000 in contributions, you’ll need $175. If your contributions exceed $100,000, then you’ll pay $225. The minimum investment for your IRA account is $7,500. It’s $1,500 for a non-IRA investment, such as buying silver coins.
Annual fee - accounts below $100,000 | $175 |
Annual fee - accounts over $100,000 | $225 |
Storage fees | $175-$225 |
Minimum IRA investment | $7,500 |
Non-IRA investment | $1,500 |
Precious metal delivery to your home or to a storage depository is free. There may be delays in shipping the metals, but customer service agents can help explain the holdup and give you the estimated arrival time.
Oxford Gold Group works in a straightforward manner. It starts off with registration, after which you are assigned an account manager. You’ll be able to download a free investment guide from the website which will explain the concepts of precious metal investing. The account manager will help you set up an account and guide you on what investing in precious metals entails and how it will benefit you.
Once your account is set up, you can transfer funds into it and begin investing in your preferred metals. The account manager will guide you on the ideal investments and how to diversify your portfolio. After you purchase your selected precious metals, they will be shipped safely to your home. If it's an IRA account, the shipment will be sent to a depository because the Internal Revenue Service (IRS) forbids home storage of precious metals approved for IRAs.
Before you get started, you can download the helpful investment guide available on the website to learn more about precious metal investing. When you’re ready to begin the registration process, you can call Oxford Gold Group at 833-600-GOLD to talk to an account manager and they’ll help you with the paperwork.
Alternatively, you can schedule a call by filling out the online form on the website. This asks for your first and last name, email address, and phone number. An account manager will then contact you at a convenient time.
They will talk to you about your investment needs and current state of your portfolio, and will help you finalize registering your account and setting up your profile. Once your account is ready, the account manager will guide you on what to invest on—from physical assets such as bullion or in a gold IRA. You’ll also learn how to fund your account and get the precious metals or IRA investment completed.
Oxford Gold Group operates from Sunday to Friday from 8 am to 5 pm and Saturday from 8 am to 3 pm. Its customer communication is limited primarily to phone calls, but you can get in touch through email by filling out the online form on the website. Phone calls appear to be the company’s preferred method of contacting clients, and you can click on the Schedule a Call button to book one.
While it would be good to see a live chat function introduced for people who prefer this method of communication, Oxford Gold Group’s phone agents will provide all the guidance you need to get started. Customers often praise them for their friendly and helpful manner in reviews.
I also liked Oxford Gold Group’s comprehensive learning center, which offers lots of content on precious metal investing. It will help you understand how investing in gold, silver, and other metals works and how its service can benefit you. Its list of Frequently Asked Questions (FAQs) is also very detailed, addressing various questions that new customers may have.
Is Oxford Gold Group a legitimate company?
Yes. The Oxford Gold Group is a legitimate financial institution based in Beverly Hills, California. Its mission is to help clients secure their retirement by guiding them to invest in precious metals like gold and silver. The company is highly rated on the Better Business Bureau (BBB) and Trustpilot review sites.
Who owns the Oxford Gold Group?
The Oxford Gold Group doesn’t officially name its owner. However, it was co-founded by Patrick Granfar, the president of the company, and it’s run by CEO Pedram Granfar. It was started in 2017 and has been operational for about five years.
How does Oxford Gold Group work?
Oxford Gold Group provides an account where you can deposit your funds and invest in the precious metals of your choice. The investment will be delivered to your home or storage depository safely and securely. The company has account managers and customer service agents who will guide you through your investment journey.
Unlike some of its competitors, Oxford Gold Group has a range of precious metal options for retirees to invest in, and its minimum IRA investment and other fees are lower. Using the service is straightforward, and friendly customer service agents are available to guide you through every step of the process. Moreover, you’ll have a dedicated account manager who will teach you about precious metal investing and help you set up an account to begin managing a portfolio.
Overall, I liked the guided investment model and think Oxford Gold Group is worth considering if you’re looking to invest in physical assets or IRAs.