Oxford Gold Group Review
If you are considering investing in precious metals, you may have come across Oxford Gold Group. With so many companies offering similar services, it can take time to determine which one is right for you.
This article will provide a comprehensive Oxford Gold Group review to help you make an informed decision. We will cover the company’s history, products and services, fees, reputation, and customer support. By the end of this review, you will clearly understand what Oxford Gold Group offers and whether it is the right choice for your investment needs.
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History and Background of Oxford Gold Group
Oxford Gold Group is a precious metals investment company founded in 2017 and headquartered in Los Angeles, California. The company specializes in selling gold, silver, platinum, and palladium coins and bars for individual investors and precious metals IRAs. Oxford Gold Group prides itself on providing clients personalized investment advice and a wide range of products to meet their needs.
The company’s founders have over 30 years of combined experience in the precious metals industry, and they have built a team of experts who are knowledgeable about the market and dedicated to helping clients achieve their financial goals. Oxford Gold Group is also a member of the Industry Council for Tangible Assets (ICTA) and the Professional Coin Grading Service (PCGS), which speaks to its commitment to transparency and ethical business practices.
Overall, Oxford Gold Group has quickly established itself as a reputable player in the precious metals investment industry, and its focus on customer service and education sets it apart from other companies in the space.
Investment Options with Oxford Gold Group
Oxford Gold Group offers a variety of investment options for clients looking to diversify their portfolios with precious metals. Here is an overview of the investment options available through Oxford Gold Group:
Precious Metals IRA
Oxford Gold Group offers self-directed precious metals IRAs, which allow investors to hold physical gold, silver, platinum, and palladium in their retirement accounts. Clients can store their metals in a secure depository or deliver them to their homes.
Gold Coins
Oxford Gold Group offers a wide selection of gold coins worldwide, including American Eagles, Canadian Maple Leafs, South African Krugerrands, and Australian Kangaroos. The coins are available in various sizes, from 1/10 oz to 1 oz, and are IRA-approved.
Silver Coins
The company also offers a range of silver coins, including American Eagles, Canadian Maple Leafs, Austrian Philharmonics, and Mexican Libertads. The coins are available in various sizes, from 1/10 oz to 1 oz, and are IRA-approved.
Gold Bars
Oxford Gold Group offers gold bars from some of the most reputable refiners in the world, including PAMP Suisse, Credit Suisse, and Valcambi. The bars are available in sizes from 1 gram to 1 kilo and are IRA-approved.
Silver Bars
The company also offers silver bars from a range of refiners, including Johnson Matthey, Engelhard, and Sunshine Minting. The bars are available in sizes from 1 oz to 100 oz and are IRA-approved.
Platinum & Palladium
Oxford Gold Group also offers platinum and palladium coins and bars for investors looking to diversify their portfolios. The company offers a range of sizes and products from reputable refiners.
Numismatic Coins
For investors interested in rare and collectible coins, Oxford Gold Group offers a selection of numismatic coins, including classic US coins and coins from around the world. These coins can be a valuable addition to a diversified investment portfolio.
Ultimately, Oxford Gold Group provides many investment options for clients investing in precious metals. The company’s focus on education and personalized service sets it apart from other companies, making it a top choice for investors looking to add precious metals to their portfolios.
How To Start Investing In Gold With Oxford Gold Group
Getting started with Oxford Gold Group is a straightforward process. Here are the steps to follow:
1) Contact Oxford Gold Group
The first step is to contact Oxford Gold Group to speak with one of their experienced investment advisors. You can do this by filling out the contact form on their website or calling their toll-free number.
2) Colsultation
During your consultation, the investment advisor will work with you to understand your investment goals, risk tolerance, and overall financial situation. Based on this information, they will provide personalized recommendations on your best investment options.
3) Choose your investment
Once you have received your recommendations, you can choose the option that best suits your needs. This may include a precious metals IRA, gold and silver coins and bars, platinum and palladium, or numismatic coins.
4) Purchase and delivery
After you have chosen your investment, the investment advisor will guide you through the purchase and delivery process. Oxford Gold Group works with leading precious metals dealers to ensure that you receive your investment promptly and securely.
5) Ongoing Support
Finally, Oxford Gold Group provides ongoing support to ensure your investment meets your needs. This includes regular market updates, investment analysis, and access to their team of experienced investment advisors.
With these steps, you can start with Oxford Gold Group and build a diversified investment portfolio that includes the security and stability of precious metals. As with any investment, it’s important to carefully consider your goals and seek the advice of an experienced investment advisor before making a decision.
Fees And Costs Associated With Investing In Gold Through Oxford Gold Group
Investing in gold through Oxford Gold Group involves several fees and costs. Here is a breakdown of the fees and costs associated with investing in gold through Oxford Gold Group:
Precious Metals purchases
When purchasing precious metals such as gold, silver, platinum, or palladium, investors must pay the market price of the metal plus a premium. The premium covers the cost of production, distribution, and other associated expenses.
Storage fees
If you choose to store your precious metals with Oxford Gold Group, you must pay a storage fee. This fee covers the cost of secure storage, insurance, and maintenance of your investment.
IRA fees
If you choose to invest in a precious metals IRA through Oxford Gold Group, you must pay an annual fee. This fee covers the cost of account administration, record-keeping, and other associated expenses.
- Each order includes shipping & shipping insurance
- Numerous storage locations offered across the country
- Simplified IRA rolling process
Shipping and Handling
If you choose to have your precious metals shipped to you, you must pay a shipping and handling fee. This fee covers the cost of packaging, shipping, and insurance.
Note that the fees and costs associated with investing in gold through Oxford Gold Group may vary depending on the size and type of investment and current market conditions.
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Measures Taken By Oxford Gold Group To Ensure The Security Of Investments.
At Oxford Gold Group, the security of your investment is a top priority. Here are the measures taken by Oxford Gold Group to ensure the security of your investments:
- Secure storage
Oxford Gold Group partners with leading storage providers to ensure your precious metals are stored in secure, insured, and monitored facilities. These facilities have state-of-the-art security systems, including 24/7 surveillance and armed guards.
- Insurance
All precious metals stored with Oxford Gold Group are fully insured against loss, theft, and damage. This insurance provides an additional layer of protection for your investment.
- Background checks
Oxford Gold Group conducts rigorous background checks on all employees and partners to ensure they have the qualifications, experience, and integrity to handle your investment.
- Compliance
- Verification
Oxford Gold Group employs a rigorous verification process to ensure that all precious metals are authentic and of the highest quality. This includes working with reputable dealers, conducting independent appraisals, and performing regular audits and inspections.
- Client support
Finally, Oxford Gold Group provides ongoing support to ensure your investment remains secure and meets your needs. This includes regular market updates, investment analysis, and access to their team of experienced investment advisors.
By taking these measures, Oxford Gold Group ensures that your investment is secure and protected against loss, theft, and damage. As with any investment, it’s important to carefully consider the security measures involved and seek the advice of an experienced investment advisor before making a decision.
Factors To Consider Before Investing In Gold With Oxford Gold Group
Investing in gold with Oxford Gold Group can be a smart and effective way to diversify your investment portfolio and protect your wealth. However, before making a decision, it’s important to carefully consider the following factors:
1) Investment goals
Before investing in gold, it’s important to consider your investment goals and overall financial situation. Are you looking to hedge against inflation, diversify your portfolio, or build long-term wealth? Understanding your investment goals can help you make the best decisions for your financial future.
2) Risk tolerance
Investing in gold involves some level of risk, and it’s important to consider your risk tolerance before deciding. Are you comfortable with the potential for market fluctuations and volatility? Understanding your risk tolerance can help you choose the investment options that are right for you.
3) Investment options
Oxford Gold Group offers a range of investment options, including precious metals IRAs, gold and silver coins and bars, platinum and palladium, and numismatic coins. Before investing, it’s important to carefully consider the pros and cons of each option and choose the investment that best suits your needs.
4) Fees and costs
Investing in gold involves fees and costs, including premiums, storage fees, IRA fees, transaction fees, and shipping and handling fees. It’s important to consider these costs carefully and ensure they fit within your investment budget.
5) Market conditions
Note that the fees and costs associated with investing in gold through Oxford Gold Group may vary depending on the size and type of investment and current market conditions.
Considering these factors can help you make an informed decision about investing in gold with Oxford Gold Group. As with any investment, it’s important to carefully consider your goals, risk tolerance, and overall investment strategy before deciding.
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Customer reviews and ratings
Oxford Gold Group has earned a reputation as a trusted and reliable precious metals investment firm. The company has received positive reviews from satisfied customers who appreciate the company’s commitment to transparency, customer service, and competitive pricing.
On Trustpilot, a leading online review platform, Oxford Gold Group has an A+ rating with an average score of 4.9 out of 5 stars. Customers praise the company for its knowledgeable and friendly staff, timely delivery of products, and competitive pricing. Many customers also appreciate the educational resources provided by Oxford Gold Group, which help them make informed investment decisions.
Oxford Gold Group has also received positive reviews from industry experts and publications. The company has been featured in Forbes, The Wall Street Journal, and CNBC, among other reputable sources. These endorsements represent the company’s reputation as a trusted and reliable partner for precious metals investments.
Finally, Oxford Gold Group has built a reputation for excellence in the precious metals industry, with a strong focus on customer service, transparency, and competitive pricing. Its positive reviews and endorsements from satisfied customers and industry experts attest to the company’s commitment to providing a high-quality investment experience for its clients.
Conclusion
Oxford Gold Group is a reputable precious metals investment firm offering its clients a wide range of investment options. Investing in gold through Oxford Gold Group offers several advantages, including protection against inflation, diversification of investment portfolios, and a tangible physical asset that can be held and stored securely.
With a strong track record of performance and a commitment to transparency and security, Oxford Gold Group is well-positioned to continue to be a leader in the precious metals investment industry.
Frequently Asked Questions (FAQ)
A Gold IRA is an example of a Self-Directed IRA. Self-Directed IRA’s were designed to give individuals more freedom in the selection of investments that they could hold in their retirement account. A Gold IRA is unique to precious metals, where the investor/individual has the ability to hold gold, silver, and other precious metals such a platinum and palladium in their account rather than being limited to traditional stocks and bonds.
By holding precious metal investments in a Gold IRA, this gives the ability for individuals to make their portfolio more diverse and prepare themselves for future financial success. Having a diversified portfolio makes for a better chance to survive a stock market crash and still have some of your funds held in other categories, such as gold.
There are various options when it comes to investing in gold. One option is to purchase gold coins or bars from a local retail shop or gold investment company. You may then hold the metals until you are satisfied with their growth, ready for retirement, or need them for another expense.
Another option to invest in gold is by setting up a Gold IRA. These are a form of a Self-Directed IRA, only your funds can be held in gold rather than stocks and bonds. This is a good way to invest in precious metals without worrying as much about taxes.
The value of a gold coin increases as the value of spot gold increases. The number that is printed on each gold coin (known as the face-value) is not an accurate reflection of its true valuation. In fact, its value is likely much higher than the face-value based on the current price of gold today.
Depending on your age, current financial position, and personal preferences, the answer to this question will vary per person. If you are coming up on retirement, you’ll want to take fewer investment risks and may not want a large portion of your money in gold. If you’re still young and have more time to take greater investment risks, you may want a larger percentage of your portfolio invested into gold.
Like many investments, it is optimal to buy at a low value. Generally speaking, when the stock market is over-performing, the value of gold is at a much lower amount. Gold also follows some trends such as a decrease in certain months of the year, including January, March, and April.
It is always a good idea to seek out a financial advisor to help discuss the best options for your current situation. This way you can shift your investments based on what makes the most sense for your financial goals, and the current economy.
Your current plan may not give you the option to invest in gold, but there are numerous other plans that allow gold investments. Keep in mind that there are specific rules set out by the IRS regarding how gold can be bought and stored. Because of these rules, it’s important to find a reputable company to work with.
You are legally allowed to do a 401(k) rollover and avoid paying taxes and penalties, but to do this you must follow the correct process. Start by contacting your current 401(k) plan and explain your situation. The rollover may take several weeks or months to complete, so it’s best to begin as soon as possible.
Traditional 401(k) plans and IRA’s are tax-deferred savings accounts, meaning you do not need to pay any taxes on your contributions. Once you retire and eventually withdraw your funds, you will pay taxes on those withdrawals. You will not get any tax breaks if you purchase gold for personal ownership. Right now, the only way to avoid paying taxes on gold is by purchasing it through your 401(k) plan or IRA.
Although this process is a bit tricky, you absolutely can purchase physical gold in your 401(k) plan. Since your IRA cannot be the seller and holder of the gold, they will need to store the physical gold with a third party. You are also not personally allowed to hold the gold. You may only keep gold and silver in a plan of this type if someone else is storing it, according to the IRS. While you will not be allowed to have physical control over the gold, you may still be allowed to access the storage facility.
Yes, any gains made on the gold held in a Gold IRA are subject to capital gains taxes. Additionally, if you take a distribution from the Gold IRA before you reach the age of 59 and a half, you may be subject to income taxes and a 10% early withdrawal penalty. Things may differ depending on whether you have a traditional IRA or Roth IRA.
No. You are not allowed to take physical possession of the gold or other precious metals held in an IRA account.
No. Home storage is not allowed and could have serious tax implications if you are found to be taking physical possession of the gold held in your IRA. You must store the gold with an IRS-approved custodian. Any company that promotes home storage is not providing sound advice and should be avoided.
No. The IRS does not allow precious metals to be stored in a safe deposit box. The custodian/depository must always maintain possession of the gold.
This is a tricky question.
Mostly, no. For most folks, it’s impossible to take physical possession of their gold without paying severe fees.
There is however a workaround for very (VERY) few individuals.
A “Checkbook IRA” allows the IRA owner to have more control over their investments. They can use an LLC to make investment decisions and hold assets on behalf of the IRA. The LLC is owned by the IRA and managed by the IRA owner or someone else. The assets, including precious metals, can be stored in a place chosen by the LLC, like a storage facility or the IRA owner’s home as long as it’s secure and insured. Though, the IRS has strict rules for using a Checkbook IRA and storing IRA-owned assets.
Some of these rules include:
- A minimum net worth of $250,000.
- Must have a corporate legal counsel.
- Ownership must be shared among multiple individuals.
- And much more
Keep in mind that this loophole is not recommended. There is a possibility that you will be penalized and even possibly disallowed from future investments. It’s not worth the risk, even if you do meet all these requirements.
Remember that your specific situation and goals should always be discussed with your tax advisor.
