Oxford Gold Group – Is It The Best Gold IRA Account?

The company best known as Oxford Gold group is a firm that offers precious metals investments with more than two years of experience and run by veterans in the industry.

Oxford Gold Group takes care of their customers by providing great services for low commissions and their customer service staff is second to none. They treat everyone that they do business with like a partner, and they understand that every transaction is important so they do their best to make it count.

Precious metals watchdog InvestinginGold.com offered their full review updated to reflect their research and consumer sentiment in 2022, and you should definitely read that report if you are interested in gold IRA’s.

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Why Does InvestinginGold.com Recommend This Company?

• 1,000’s of happy customers and BILLIONS in retirement Savings PROTECTED
• A+ BBB Rating
• 5 Time Inc 500 Winner
• 2021 company of the year
• No pressure sales team is education-oriented
• 100% IRS Compliant Process

As far as Oxford Gold Group, the owners have a proactive role within the company, and their customers get the benefit directly from their wisdom, knowledge, and expert recommendations. Customers seemed to enjoy working directly with the owners because it shows them that these people really care. This is a huge benefit to this organization and it makes planning precious metals purchases and transactions easy to accomplish.

Customers have the opportunity to purchase physical precious metals for their own personal investments, or they can buy them as part of an IRA account, and save these investments for their retirement.

Oxford Gold Group sells three types of precious metals including platinum, silver, and gold. They are available to purchase as bars or coins, and they can be bought for precious metals IRA accounts.

Also, if the customer has any questions about the buying process or how this material is handled, they can visit the website and download educational content designed to teach the buyer everything they need to know about their particular type of transaction.

If you’d like to buy precious metals for your retirement account or for your personal peace of mind, keep reading to discover how.

Products & Services from Oxford Gold Group

This company has a wide range of services and products for customers to choose from. They have a number of different precious metals in the form of coins including Gold American Eagles, Silver Canadian Maple Leafs, and a wide range of other IRA approved investments.

Buyers have the choice to pick between silver bars, platinum bars, or gold bars in numerous sizes including 1 ounce, 10 ounces, or 100 ounces or more.

Investors have the opportunity to open up a precious metals IRA and invest anywhere between $5500-$6500 per year within the account. Remember, this is a tax-deferred account as well, so anything earned within this account is yours to keep until you take a distribution, which happens as early as 59 ½ years old. One of the rules of a precious metals IRA is that investors must begin taking distributions at 70 ½ years old, but you have the choice to determine how much of a distribution you should take.

As far as retirement planning is concerned, an IRA account is an excellent vehicle for anyone looking to boost their retirement if they work from home, work for themselves, or want to have other retirement investments outside of the ones provided by their employer.

When working with Oxford Gold Group, investors have the opportunity to initiate a gold IRA transfer or rollover from their other retirement account and use this income to fund their new precious metals retirement account.

Costs & Other Expenditures

For precious metals individual retirement account holders, the investor will pay a flat maintenance fee every year. It all depends on the amount of money invested to determine the relative cost of the fee, but it typically ranges between $175-$275 each year.

Oxford Gold Group also has a partnership in place with Equity Institutional and Strata Trust Company, so they can provide customers with a flat fee for custodial services that these companies provide.

The company even offers customers rebates on maintenance fees when they have larger accounts because they are loyal to the people who do business with them.

Again, depending on how large of an account you have, they can offer rebates for longer stretches of time. One rebate program provides maintenance and storage fees for free to individual investors for three years as long as they meet certain investment thresholds.

Depending on the vault used by Oxford Gold Group, storage fees will typically range anywhere from hundred and $75 per year to $225 per year, but this is an average and not a locked-in price set in stone. They also offered storage fee rebates for 1-5 years, depending on the size of the investment account.

Oxford doesn’t charge their customers for shipping fees either, which is definitely a good thing for those looking to save money. But they do charge a small commission fee when purchasing precious metals, which is to be expected because this is how they make their money.

To make a purchase, you must invest a minimum of $7500 into your IRA account before they will even consider working with you. Or if you prefer to buy outside of an IRA, the minimum investment threshold is $1500. They also have a buyback program in place and they will not charge you to liquidate your assets.

Investing in Precious Metals with Oxford Gold Group

It shouldn’t surprise anyone to learn that precious metals are considered high-priced items with great value. With that said, the investments within a self-directed retirement account tend to contain more value than other investments, such as gold bullion, silver bullion, and other precious metals. These investments appreciate in value over time.

When you work with Oxford Gold Group, you can feel confident knowing that the best precious metals are contained within your IRA account, because they know how to keep everything stored properly, follow all the guidelines and rules, and they only work with the best custodians and storage facilities.

Most people look at investing as buying stocks. There’s nothing wrong with this, but purchasing physical precious metals is often much more valuable. Are you worried about a stock market crash in the future? Or how about the US dollar depreciating over time? Using gold and silver investments as a hedge against inflation and a failing US dollar is a great idea.

Nevertheless, you can also rid yourself of worrying about hackers and digital transactions after purchasing physical precious metals. Nobody’s going to be able to break into a secured Brinks vault to steal your metals, so you have nothing to worry about.

It’s also better to invest in precious metals than precious gemstones or diamonds, because many of these gems are acquired through ill-gotten means and certain monopolies hold the rights to them like DeBeers and other companies. It’s much easier to buy precious metals and it’s a liquid market, so you can sell them at any time too.

You have to report any gains or losses to the IRS with a precious metals IRA account, so keep that in mind. For tax reasons, it’s important to file Form 8300 with the IRS whenever a $10,000 or more transaction is made to keep everything straight for your records. You can get help with this from representatives from Oxford Gold Group.

The Proper Way to Open a Precious Metals IRA

Oxford Gold Group, they have simplified the account creation and IRA rollover process, making it easy to apply for an account and complete all of the paperwork within 15 minutes.

In fact, if you prefer to do things over the phone, you can have a rollover IRA or self-directed IRA application finished by working with an Oxford Gold Group representative within a matter of minutes.

After all of the paperwork is completed, your new account will be opened within 24 hours of being funded.

Oxford Gold Group will then contact your custodian, set up the rollover or transfer, and fund your new account right away. The total process usually takes anywhere from 3-10 days, but fluctuations do happen from time to time.

Once the account is open, a representative from Oxford will discuss your purchasing options after they’ve received the funds, to help get you started as a gold IRA investor.

Why Buy Gold for a Precious Metals IRA?

IRA accounts are designed to keep other retirement assets safe and protected. These accounts are special because they have tax benefits and offer a great way to save money for your future.

These are long-term accounts that future retirees invest money into every year to grow the account significantly as time goes by. This is a reliable way to secure your retirement future even if you start out with a small amount of money.

Leaving cash in your IRA account is one way to devalue your potential. Instead, begin investing in precious metals like silver, gold, platinum, and palladium. This is a dependable asset that will increase your net worth over time by a wide margin.

With so many problems happening all around the world including shortages, wars, lockdown, inflation, it’s more important than ever to purchase physical gold to protect your assets and investments.

Instead of watching your retirement account dwindle, you can definitely prosper during trying times by hedging your bets against inflation and a failing stock market. Know the risks and understand the rewards, because failure to protect your family can lead to massive economic danger.

Customer Complaints

Over the years, the Oxford Gold Group has acquired many positive reviews on TrustPilot, and they are currently sitting at 4.9 out of five stars for their rating, which is a phenomenal score and nearly perfect. This means roughly 95% of their customers have had a wonderful experience doing business with them and a small portion have only had a good experience, but nobody had a bad experience.

The Better Business Bureau has also given Oxford Gold Group a 5-star rating, which is the best rating possible on their website. Their customers appreciate that they are available to help for many hours of the day, and only one person complained to the Better Business Bureau about having a negative experience.

Oxford Gold Group FAQ

Where Should I Store My Precious Metals Doing Business with Oxford Gold Group?

It all depends on the type of account you have. If you open a gold IRA account, as an example, you must keep your gold with a trusted depository like Brinks or Delaware Depository. This is a free service that Oxford Gold Group can provide to their valuable customers.

If you aren’t purchasing gold for part of an IRA, you can effectively keep your gold at home or nestled away in a safe deposit box. If you are going to keep your gold at home, I highly recommend buying a safe and storing it there. Otherwise, you can find yourself susceptible to theft, which certainly isn't a good idea.

Remember, as far as a precious metals IRA is concerned, the IRS will not let you keep your precious metals at home or stored in a safe deposit box. They have to be stored with an approved depository at all times.

How Risky Is It to Invest in a Precious Metals IRA?

Some people are afraid to invest in physical gold, silver, platinum, or palladium because they worry that the investment is too risky. They would prefer to keep their money and other investments that they consider more stable.

At the time of this writing, the stock market is in a freefall and cryptocurrencies are getting beat down as well. The only investment remaining fairly stable is precious metals. It’s a great hedge against inflation – which is running rampant right now – and it’s also a great investment to shore up your retirement portfolio when the stock market struggles.

As a long-term investing strategy, it’s definitely a good idea to invest in precious metals, but you have to do so for several years. This isn’t a quick trade by any means. The longer you hold onto your precious metals, the more money you’ll earn over time. In fact, since 1970, gold has gained an average of 10% per year for the last 52 years, which is absolutely amazing. But be aware that it hasn’t gained this amount every year, it just works out that way over time.

What Type of Retirement Accounts Can I Open with Oxford Gold Group?

There are a number of different retirement account options to choose from. They include the following:

• 401(k) plans
• Roth IRAs
• Traditional IRAs
• SEP IRAs
• SIMPLE IRAs
• Gold IRA rollovers

Speak with a representative at Oxford Gold group to figure out the best account to meet your retirement needs.

Should I Search for a Custodian for My Precious Metals IRA Account?

In truth, Oxford Gold Group already works with exceptional IRA custodians, so if you prefer, you can work with Equity Institutional or STRATA since this broker already has a great working relationship with these businesses.

If you prefer, you can contact the IRS and look at their list of approved custodians if you prefer choosing one on your own. But it’s probably in your best interest to pick one of their custodians, because they already have a strong working relationship with that company.

At the end of the day, if you do decide to choose your own custodian, make sure that the IRS approves of them. Use their list to make your final choice.

How Often Do Gold Prices Fluctuate?

The commodities market is practically open all the time, so the price of gold will fluctuate throughout the day. As an example, you can wake up in the morning and see that it’s $1825 per ounce. Later that afternoon, it could possibly be $1875 per ounce, because the price is always on the move throughout the day.

Pros of Oxford Gold Group

• They specialize in gold IRA accounts, so first-time buyers find the process easy and much less complicated working with them.
• Company ownership has decades worth of experience in the industry.
• They provide direct-to-consumer secure shipping.

Cons of Oxford Gold Group

• Only two of their employees handle gold IRA accounts, so transactions can often take some time to be completed.
• Customer service is only open for a small window of time on the weekends.

Final Thoughts

When Oxford Gold Group first opened its doors, it did so because the owners had many decades of experience in the industry and they understood the best way to help their customers at a low price.

They created strategic partnerships with storage companies and custodians to provide a great experience for their customers. This made it simple to store their precious metals after purchasing them, which is exactly what Oxford Gold Group is attempting to accomplish.

If you’re looking to shore up your retirement account by investing in precious metals for the long term in a gold IRA, you should definitely contact Oxford Gold Group immediately. They’ll provide a free guide and answer your questions by calling 888-200-5586.

About The Authors

William Willis - William Willis is a freelance writer and social media manager who specializes in assisting finance professionals and Fintech entrepreneurs in growing their online audience and attracting more paying customers. William worked as a bank teller and virtual assistant for financial firms in the United States and the United Kingdom for six years before beginning her writing career. William is a strong force in the workplace, inspiring others to work hard and excel with her optimistic attitude and boundless energy. He enjoys hiking, crocheting, and playing video games with her grandchildren in her spare time.