Today we take a look at Birch Gold Group, what is Birch Gold Group? A scam or a legit company? Are they safe and solid or are there better options out there? These are some of the questions this review will answer. Ok, here we go!
Company: Birch Gold Group
Owner: Laith Alsarraf (CEO)
Price: (Depends on the size of your investment)
Who is it for: Investors interested in gold, silver and other precious metals
Overall rating: (3 / 5)
Important to mention before we go into more details of this review: We always strongly recommend to do your research online before you choose a company to invest with. There are so many reviews online of clients being ripped of and scammed. So please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Birch Gold Group!
What is Birch Gold Group about?
The company was founded in 2003 and is plain and simple a company where you can buy gold, silver, platinum and palladium coins and bars for physical possession. You can also open a Gold IRA or a Silver IRA here.
How does it work?
You got 2 services on the Birch Gold Group website.
- You are either interested in an IRA, for that you need to get in touch with a representative of the company and also request your free info kit.
- If you are looking to simply purchase Gold, silver, platinum or palladium in the form of coins and bars there is a simple 3 step proccess that you need to go through.
1: Select your desired product – Once you have done this, a specialist will present a variety of options to you.
2: Send payment via wire or personal check
3: Your metals are shipped to you – Your order is normally shipped within 3-7 days. It is fully insured against loss or damage. (For orders over $10,000 the delivery will be free of charge.)
The products (other than the IRAs) you can purchase are coins and bars in the form of gold, silver, platinum and palladium.
Birch Gold Group offer both gold and silver IRAs.
Can you get the gold (and other metals) delivered to your home?
Yes you can get your purchases delivered to your home, keep in mind that it is not free shipping though so make sure you look at the cost of that first before you place your order. If you make an order over $10,000 the shipping is free though.
Can you store your investment with the company?
Yes you can store your investment with the company, or more correct through the company. There are 2 storing options available for you.
You got the biggest depository in the whole US outside of New York City in the form of: Delaware Depository
You can visit their website here
Your other option is Brink´s Global Services, and just like the name suggests they offer storage a little all over the world. In fact they operate in 120 countries and got nearly 1,000 facilities in total.
You can visit their website here
If you want to be able to store in your own name and also choose yourself exactly where to store then I strongly recommend that you take a look at the review I made recently on a company named GoldBroker instead as it allows you to do just that.
Can you sell back to the company?
When looking on the Birch Gold Group official website you can find this exact sentence about this subject:
“If you ever decide to sell your metals, we always appreciate the first right of refusal to buy back – without commission”
At what price they buy back to isn´t mentioned anywhere… hmm
Can anybody in any country use the service?
There is no clear info on exactly what countries are allowed to use the service of the company (another minus), however, as they do got international shipping a wild guess would be that their service is open to many international countries outside of the US.
Is Birch Gold Group a scam?
So, is Birch Gold Group a scam or not? Well, they have been in business since 2003 and I have a hard time seeing an investment company like this survive that long if it was a scam. However, I have found some red flags that you need to be aware of.
- First of all (a quite funny one) the founder and CEO of the company started his carrer in the porn industry, making money from internet porn 🙂
- There are some “alarming” complaints on the company online
- The support isn´t good at all
- Their site doesn´t have SSL
What concerns me most about these 4 red flags is the complaints you can see for yourself online on the company.
For example this quote:
In a nutshell, their scam is to fast talk people into buying collectible coins or proofs for their IRA’s. They tack on a 30% or higher markup. If you put 100K of your IRA into gold with these scammers, they’ll take 30K of it. How’s that for an investment. ? Take a pass on these guys. Scammers. And God knows how much they will buy it back for.
You can read the full review from this particular client on ripoffreport.com
Another thing that stroke me the first minute that I visited the official site of Birch Gold Group is that their site isn´t secured with SSL! I am going to assume that they will take care of this as soon as possible but the fact remains that right now their official site isn´t secured.
(Screenshoot from the companys official site below)
You can easily see if any website is secured with SSL or not. The way to see it is that there should be a green lock at the begining of the url when you are on a website. Look at the website you are on right now for example and you will see that it is 100% secured with SSL. This is something ANY site need and the ones who don´t have it are at risk of being infected and hacked.
It is absolutely crucial for a site that let you wire money and purchase things on to have SSL… Just saying.
Not only bad
There is of course important to mention that there is not only negative reviews on the company, in fact it has 5 star reviews from 29 reviews on TrustLink. (TrustLink is a well known forum for consumer complaints or compliments)
However, for a company that has been in business since 2003 I would say that 29 reviews is NOT that many…
How´s the support?
I always look on the support as a very important part of the overall rating of a company. Something I like alot is a live chat function, if there is a 24/7 live chat support even better.
Does Birch Gold Group got a 24/7 live chat?
Do they got a live chat at all?
No they don´t
Conclusion: You can get in contact with the company through e-mail or by calling them… In my opinion this isn´t the ideal support for their clients and for their possible clients.
Why You Should (Or Should NOT) Join Birch Gold Group?
Ok, you might be very interested in gold, silver, platinum or palladium. Maybe you want to buy coins and bars? Maybe you even want your IRA with precious metals. I absolutely understand that as I cannot think of a better and more safe and solid investment today.
However, I would recommend you to look for other alternatives than this particular company as the red flags can´t be ignored.
**I have listed 4 of the simmilar companies that have got the absolute best rating on this page, I am absolutely sure that you will find them more trustful and valuable.
Final Words and Verdict on Birch Gold Group
Overall rating: (3 / 5)
Ok, all in all this is a legit company, no doub´t about that. It wouldn´t have survived this long if it wasn´t. However, the red flags are there and they are of the kind that can´t be ignored. The lack of high quality support and info in general on their site do that I cannot possible give it a better overall rating than a 3 out of 5 stars.
If you are looking to invest into gold coins or platinum coins I would recommend you to go with another company.
If you are looking to make an IRA rollover I would also recommend yu to go with another company.
I mean, if you got companies that offer the same services but with better info, support, reputation and transparency in general… Why would you choose this one when there are alternatives that offers you the full service??
Play it safe instead
As I mentioned above, I have listed 4 of the absolute highest rated gold investment companies online on the same page. I would strongly recommend you to take a look on them instead.
I hope you found this short review of Birch Gold Group to be helpful and that it answered your questions about what it is and if it is something for you or a scam or not. If you are an active (or former) client with them please share your experience below as it can help others. Also if you got any questions about this review I will be more than happy to answer them below!
I wish you success
Founder of: Gold Retired