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What is Oxford Gold Group? | a Scam or a Legit Gold Firm?

June 12, 2022 by admin 4 Comments

In this article, we will review the Oxford Gold Group. It´s been a pretty popular firm in the gold industry, however, is it a scam or a legit precious metals dealer? Short answer: It´s a scam! Let´s look into it in this short review! 

Company: Oxford Gold Group (OGG)What is Oxford Gold Group

Website: https://www.oxfordgoldgroup.com

Founder: Patrick Granfar

Price: Depends on your investment (see fees further down)

Who is it for? Precious metal investors, retirees 

Overall rating: 0 out of 5 stars (0 / 5) NOT Recommended


Warning!

There are many scammers who will trick you into giving them your hard-earned cash. 

They employ high-pressure sales techniques like calling you every day. 

To avoid this, please do your own research before you decide what firm to invest with. 

You can do this by checking the reviews and ratings independent 3rd party consumer protection agencies give them.

To discover which investment firm consumers rate the highest… who won’t bother you with pushy sales calls… and who you can trust to protect and grow your wealth… then take a look at the #1 Recommended Gold & Silver IRA Dealer on our top-5 list (works with ALL major custodians).

With that being said, let´s continue with the review on the Oxford Gold Group!


What is Oxford Gold Group?

This company was started in 2018 and specialized in precious metal investment for its clients. The Oxford Gold Group’s investment options offered a taxable account or a precious metals IRA plan.oxford gold group reviews

Oxford Gold group (OGG) is a company that offered precious metal investments to clients for both traditional as well as individual retirement account (IRA) investments. The company was based in California, Beverly Hills, and focused on “helping” clients meet their investment goals through tailor-made investment strategies.

However, the company has been flooded with bad reviews lately and the whole business operation has apparently completely vanished.

Address: 9100 Wilshire Blvd Suite 800 E Beverly Hills, CA 90212 United States (currenty this address is empty as the company has vanished)

What products do they offer?

The Oxford Gold Group did offer clients various precious metal products for direct purchase or investment into an IRA. These included gold, silver, palladium as well as platinum. These products were made available to you as coins or bars from multiple countries, including Canada, Austria, Australia, the UK, and the USA.

How to get started?

As mentioned, the company is non existent at the moment.

Oxford Gold Group IRA?

As already mentioned, Oxford Gold Group did offer precious metals IRA services to their clients. 

What IRA custodians do they work with?

The company had no prefered custodian that they work with, at least not according to their website. This is something that OGG did a bit different than most other gold IRA firms as those most times are already partnered with some (or all) the major custodians.

What are the fees?gold

The company had an annual flat fee of $200 yearly. This fee covers storage costs, as the company does not charge shipping and brokerage services. However, all account maintenance fees are tax-deductible. 

Important to mention here: Please make sure that you know exactly what fees you are going to have to pay before you move forward with ANY gold firm. There are so many horror stories online of people getting surprised with so-called hidden fees, not a surprise you want as it could end up being A LOT of fees. Transparency is what you want from a company, and it seems OGG got that right, and that is a good thing to see.

**See my #1 Recommended gold & silver IRA solution instead (100% transparent)


Can you sell back your precious metals?

No. They do not offer a buy-back program where they can pay cash for the gold you have stored with them.

**If you want to see the gold IRA firm with highest buy-back guarantee then see this page

How good is their support?

At the moment the company is non existent so that goes for their support as well.


Is Oxford Gold Group a Scam?Gold Retired

So, is Oxford Gold Group? Yes. It seems the company is actually a scam. It has actually completely vanished and the office building where they used to operate is currently empty.

This leads us to look at what the most well-known and trusted independent third-party consumer protection agencies have to say:

Oxford Gold Group reviews & ratings:is Oxford Gold Group a Scam

BBB (Better Business Bureau)

Rating: N/A

Trustpilot

Rating: 1.9 out of 5 stars (1.9 / 5) (based on 239 reviews)

BCA (Business Consumer Alliance)

Rating: N/A

Trustlink

Rating: N/A

Google reviews

Rating: N/A

Yelp

Rating: N/A

Any complaints & red flags?

The company has had many complaints and their business building is currently empty and this is of course a very bad sign.


Oxford Gold Group PROs & CONs

Pros:

  • None at this point

Cons:

  • Very new firm
  • Have closed down their business

Do you own or represent this company?

Are you the owner or a representative of Oxford Gold Group? Would you be interested in clarifying any of the details we have provided above or adding something? We will be glad to update the information and ensure that potential gold investors get the best impression of your company. The easiest way to contact us is by leaving a message in the comment section below or emailing us at contact@goldretired.com.


Final words & Verdict

Verdict: Not recommended

Overall rating: 0 out of 5 stars (0 / 5)

Summary: Ok, I think that sums up the overall view of this company pretty well. Oxford Gold Group is not a legitimate investment company. 

Recommendation

First of all, you are a smart person, I know that as you clearly understand the consept of doing research and reading reviews, trust me, far from everyone is doing that and just go with the first “shiny object” that pops up. I am absolutely sure that you will find the right firm to do business with and that you feel comfortable doing business with.


I hope you found this short review on Oxford Gold Group to be helpful and that you now have a better understanding on what it is and if it is something for you or not. If you have used any of their services then please share your experience in the comment section below, it can help other make better decisions. Also, if you got any questions about this I would be more than happy to answer them below!

I wish you success!

Glanz, investor and team member at Gold Retired

Filed Under: Gold, review

Comments

  1. Donald K Hunter says

    July 25, 2024 at 5:17 pm

    If your going to invest in precious metals/gold and silver be aware that the commissions are so high that you will be sitting on your investment for a minimum of 5 years, maybe even 10 years just to break even. It is not a money making investment. In fact if you sell before this time frame you will probably lose money. When you purchase gold or silver you will be in the red at least 30% right after purchase just because of the spot price.

    Reply
    • admin says

      August 11, 2024 at 8:48 pm

      First of all, thank you for your comment! Agree that it´s not a money making investment, it´s more of a hedge in the first place. Many experts predict gold to skyrocket sooner than later though so it might not that that long to actually profit from a gold investment actually.

      Thank you again,

      /Best

      Reply
  2. Harriett Berry says

    August 16, 2024 at 11:27 am

    Oxford Gold Group has gone out of business leaving multitudes of customers with empty accounts to the tune of multiple millions. Their BBB was changed to F and TrustPilot is 1.9–both from the large number of complaints of missing gold and silver.
    Their building is empty, phone calls and emails go unanswered. Even the local ABC News in LA has done 2 stories on how they have ripped off so many retirees. Lawsuits and investigations have begun.

    Reply
    • admin says

      August 16, 2024 at 7:53 pm

      First of all, thank you for your comment. Yes there has been a lot of bad news coming out about Oxford Gold Group lately, without mentioning any names I think it´s worth mentioning that they have been the #1 recommended company by many big news sites during the years…

      Thank you again,

      /Best

      Reply

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