Review of Schiff Gold

Introduction

The diversification of investment portfolios and the protection of wealth are two of the most common reasons for investing in precious metals. Schiff Gold is recognized as a reliable supplier of gold, silver, and platinum items, making it stand out among the other well-known names in the business. To assist you in making an educated choice, the purpose of this study is to provide you with information regarding the history of the company, its product offerings, quality assurance, customer service, online platform, price, and more.

Brief History of Schiff Gold

Schiff Gold was founded to provide individuals with a trustworthy means of acquiring precious metals. The company has a lot of knowledge and experience to offer because Peter Schiff, who is well-known as a leading authority in the field of finance, founded it. Schiff Gold is in the business of enlightening and empowering investors by providing them with the chance to hedge their holdings with physical commodities such as gold, silver, and platinum. This is the company’s mission.

Product Offerings 

Schiff Gold has a wide variety of items available, and this variety allows them to meet the requirements of both collectors and investors. 

Their collection of gold consists of a wide range of coins and bars, including such well-known examples as the American Gold Eagle, the Canadian Maple Leaf, and the Gold Buffalo. These items are manufactured with an extraordinary level of precision and attention to detail, which guarantees both their aesthetic appeal and monetary worth. 

Additionally, Schiff Gold provides consumers with the opportunity to diversify their holdings of precious metals by providing an amazing assortment of silver and platinum coins and bars.

Quality and Originality

When it comes to investing in precious metals, it is of the utmost importance that both the quality and authenticity of the metals be of the highest possible standard. To guarantee that its products are up to par with the industry’s best, Schiff Gold goes above and beyond. Each item is put through stringent processes of certification and verification, which verify the item’s authenticity in terms of its weight, purity, and general integrity. In addition, the business abides by the regulations that are set forth by the industry and integrates safety measures, such as tamper-proof packaging and individual serial numbers, to provide its clients with peace of mind.

Customer Service and Reputation

Schiff Gold takes great pride in its unwavering dedication to providing outstanding customer service. Their staff of experienced specialists is always ready to assist customers and respond quickly to any questions or problems they may have. Another one of the company’s defining characteristics is its commitment to price and fee transparency, which empowers clients to make well-informed purchasing decisions. The overwhelmingly positive reviews and testimonials provided by satisfied customers support Schiff Gold’s reputation for being trustworthy and reliable.

Website and Order Process

Customers have access to a full platform through Schiff Gold’s website, which features an intuitive interface and functions as an online ordering system. It gives comprehensive information about each product, including specifications, photos, and the current availability of the item in question. Customers will have a problem-free experience as a result of the simplified and uncomplicated nature of the online ordering process. Several different payment methods can be utilized, and after an order has been placed, Schiff Gold will take care of the safe shipping and delivery procedures, protecting the customer’s investment right up until it is delivered to their front door.

Pricing and Competitive Advantage

Schiff Gold maintains clear pricing, which enables consumers to make educated decisions based on current market rates. This provides Schiff Gold with a competitive advantage. Even if the price of precious metals is always changing, the company can maintain a competitive pricing system that provides a reasonable value for the quality and originality of its products. Comparisons with other companies in the industry continuously demonstrate Schiff Gold’s commitment to delivering an investment option that is dependable and cost-effective.

SchiffGold Payment Options 

Prices of precious metals are updated minute-by-minute on SchiffGold’s website. You will, however, be able to ascertain the price at the time of purchase by contacting one of SchiffGold’s consultants.

After you have communicated with one of the company’s specialists, you will receive an email from the specialist outlining the particulars of the purchase transaction. This email will include information such as the buying price, the shipping cost, and the insurance cost.

You may send payments to SchiffGold using a variety of methods, including bank wire transfers, checks, and more. At this time, they do accept alternative forms of payment, such as bitcoins, using BitPay. Regrettably, they do not provide a window for making online transactions.

The Shipping Partners of SchiffGold And Their Duration

SchiffGold utilizes the shipping and transportation services of either of the following companies:

  • FedEx Corporation
  • The United States Postal Service

Processing an order typically takes one to two days, while shipping can take anywhere from two to four days. In addition to that, the company offers international shipping. Another important aspect is that items that are paid for via wire transfer are processed, cleared, and sent much more quickly than orders that are paid for via check.

Pros and Cons

Pros 

  • Achieve the highest possible liquidity for your gold and silver investments
  • The funds from investors’ existing retirement accounts, such as IRAs, 401(k)s, and other accounts, can also be used to buy precious metals for their Schiff Gold IRAs.
  • They provide safe and secure storage vaults
  • They will assist you in getting rid of your gold and silver Schiff Gold precious metals IRA highlighted items silver and gold maple leaf
  • Gold and silver can also be purchased with cryptocurrency if an investor so chooses.
  • On their website, they have a real-time ticker.

Cons 

  • They don’t specify which custodians or depositories you can choose from, which is frustrating.
  • Their website does not include a list of prices anywhere.

Conclusion

In conclusion, Schiff Gold shines as a trustworthy source of precious metals, offering a variety of items made of gold, silver, and platinum to cater to the requirements of collectors as well as investors. As a result of Schiff Gold’s unwavering dedication to the highest standards of quality, originality, and service to its clientele, the company has earned a sector-wide reputation for dependability and superiority. Schiff Gold is a brand that should be on your radar if you are interested in purchasing precious metals because it can help you achieve your financial goals of wealth preservation or portfolio diversification.

So you have decided to buy silver online.

Great choice. Let’s talk about silver.

Silver is exceptionally popular today. Part of the reason for this is the belief that it’s potential for upside value increase is even greater than the same belief in gold. In fact, there is a very good book on this subject entitled: “ Why Silver Will Outperform Gold by 400% in the coming years”. It’s a very scholarly book and quite convincing. Give it a read if you have the time.

Silver Bullion Prices

Mind you, one need not look as far as that book to find evidence of the common belief that silver has great potential for growth in the near future. All one has to do is go to the web or even Youtube and there are advocates of this thought at every turn.

At Durham Precious Metals we believe that silver is an easy choice because it gives a sense of substance due to its lower cost per ounce than gold.

Silver Bullion

Probably 90% of our business is silver sales so this sentiment is fairly unanimous throughout the public. 10oz bars seem to be the most popular. Generic rounds and Silver Maples seem to be the next most popular and 1oz bars a close 4th place. It is our opinion that 10 oz bars and 1oz rounds are your best value as their premium over spot is very reasonable. However, there is no wrong choice when it comes to our silver product line because we try to concentrate on product lines with low premiums anyway.

Silver has always been a form of money. There are those that will argue that silver has been demonetized but we beg to differ. All one has to do is refer to the (CCRA) definition for 999 bullion. It is deemed by Rev Can to be a “ financial instrument”. Enough said on that subject!

Best Place to Buy Silver

From a utility standpoint, silver has somewhere in the neighbourhood of 60,000 industrial uses including painting the backs of mirrors to create the reflective surface to collecting radiation in solar panels. If nothing else, the lack of an above ground supply of silver ( which is relatively new historically) will keep the demand for this metal strong since for most applications there is no viable substitute.

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Can you imagine the mayhem that would ensue if all the major electronic manufacturers came grinding to a halt due to a silver shortage? It would be catastrophic to the economy. We believe that this fact alone will be a major driver of support for the silver price when the powers that be run out of tricks in their attempt to suppress the price of silver. And yes, we agree that this practice goes on in plain sight and that the regulators turn a blind eye. Let’s hope justice prevails and that the historic silver/gold ratio returns to its traditional level.

Buy Silver Online 

In the meantime…keep stacking!

So you have decided to buy gold online.

Great choice! Let’s talk about gold then, shall we?

Gold is, and always has been, a favorite of collectors of precious metals. Its 6000-year history of sustaining wealth is unprecedented. The yellow metal has launched wars, bought fortunes and has been a form of money throughout that history. It is one of the densest metals and also one of the densest elements on the periodic table. It weighs in at a density of 19.32 grams per cubic centimeter. Water, by contrast, has a density of 1 gram per cubic centimeter.

Buy Gold Online

Platinum is the densest of the common 4 precious metals at 21.45 grams per cubic centimeter.

People will often ask when gold is the right choice to buy as opposed to other metals such as silver. This is a very common question. There is no easy answer that anyone can give to someone so we always boil it down to practical applications.

Gold Bullion

Consider how much of an investment you are planning to make over-all throughout the course of your precious metals buying.  If you are planning on purchasing, for example, $10,000 worth of metals and then cap your spending then it really doesn’t matter which metals you buy. The volume of the purchase will be relatively small in terms of weight and size. Our main concern and Durham Precious Metals comes down to simple things like , cost of storage, cost of shipping and bulk. We are always trying to help our customers have the best experience as metals collectors.

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For example, if you were to tell us that you are considering selling a piece of real estate and use the proceeds to buy metals then gold would be our suggestion. The reason comes down to volume and weight at this point. Several hundred thousand dollars of silver would be an incredible amount of bulk at this spend level. Hundreds of pounds of silver would be hard to store practically and would be more expensive to store as well. If you are the DIY type it would also be harder to hide than a comparable dollar amount of gold.

Keep in mind that at the time of this writing gold is about 75 times more expensive in dollar terms as the same weight of silver. That equates to 75 times less bulk per dollar spend. This will make it much easier to hide or store if you are looking at large purchase amounts.

Price of Gold?

If you are only considering a small total purchase amount either of the metals is perfectly fine. The one consideration we always emphasize for small purchase amounts really comes down to personal perception. Here is what we mean. Silver is 75 times more bulky per dollar spend. Obviously, it is going to feel a lot more substantial if you buy $5000 worth of silver and have several hundred ounces to admire than only about 3 ounces. It’s a perception thing at this point but perception matters to people since perception can make us feel a particular way about what we spend our money on.

In closing, gold and silver are both great choices and neither is wrong in terms of their value of utility. They have both had a long history as a store of wealth and that isn’t likely to change any time soon.

Buy both with confidence. Buy Gold Online

We often carry pieces that we don’t list on site so feel free to call us for an up-to-date list.

About DPM

When you consider silver value and gold value, the wise choice is to stock up today. At Durham Precious Metals we make it easy and convenient to buy silver and buy gold online.

For those who are serious about investing in gold and silver bullion, DPM is your one-stop store to buy gold and buy silver, whether it be through our website or our retail store.

Many people want to know where to buy gold and do not realize they can avoid the traffic hassle of driving into the city and visit us at DPM located in Oshawa, Ontario. See our Retail Store page for directions. Our customers are delighted with our competitive silver price. We carry mint direct silver bars, silver coins, gold bars and gold coins.

Make Durham Precious Metals your choice for gold and silver bullion.

Consider a Gold IRA as well