In this article, we will review the Oxford Gold Group. It´s a pretty popular firm in this gold industry, however, how well do they match up with the other top companies? What is Oxford Gold Group about? Is it a scam or a legit precious metals dealer? Let´s look into it in this short review!
Company: Oxford Gold Group (OGG)
Founder: Patrick Granfar
Price: Depends on your investment (see fees further down)
Who is it for? Precious metal investors, retirees
Overall rating: (4 / 5)
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.
With that being said, let´s continue with the review on Oxford Gold Group!
What is Oxford Gold Group?
This company was started in 2018 and specializes in precious metal investment for its clients. For a long time, precious metals such as gold and silver have been used to protect assets from volatility and other unexpected fluctuations. The Oxford Gold Group’s investment options offer a taxable account or a precious metals IRA plan.
Oxford Gold group (OGG) is a company that offers precious metal investments to clients for both traditional as well as individual retirement account (IRA) investments. The company is based in California, Beverly Hills, and focuses on helping clients meet their investment goals through tailor-made investment strategies.
The company is committed to helping clients buy and sell precious metals. Their IRA account helps clients take advantage of the tax benefits that come with precious metal investment for your retirement. This means that the company might be good for consideration in your income investment, whether for retirement or traditional investment.
The tax advantages they facilitate are made available with restrictions on the money you invest into the account for IRA investments. However, the investment in IRA just requires you to contribute money with the option of choosing which precious metal option you prefer investing in. The company also manages the process for you. This includes the purchase and storage of precious metals. Oxford Gold Group also offers the option to ship the precious metals directly to you in case you decide to withdraw from the account.
Address: 9100 Wilshire Blvd Suite 800 E Beverly Hills, CA 90212 United States
What products do they offer?
The Oxford Gold Group offers clients various precious metal products for direct purchase or investment into an IRA. These include gold, silver, palladium as well as platinum. These products are made available to you as coins or bars from multiple countries, including Canada, Austria, Australia, the UK, and the USA.
As such, being a client of this company, you benefit from a wide selection of precious metals to choose from for your investment portfolio. They claim to be dedicated to ensuring their clients do not lose their wealth or assets in an economic downturn.
How to get started?
Getting started with Oxford Gold Group is quite simple; the company has a website that provides an interest form that you fill out if you are interested to know more on how to invest with them. You can start by going to their website and looking through the different offered products and the other relevant information like their fees (more about this further down).
Once you reach the decision, you can access an interest form from the company website. After this, the company representative contacts you through phone, for discussions about the transaction and involves details like your precious metal preferences as well as storage and shipping.
The discussions are important, as an investment in precious metals can be appealing and complicated for various reasons. First, the assets need secure storage; they also take up space and are prone to damage and theft. The safety of your investment not only rests on economic factors but also on the safety of your storage.
However, the risks exist for every investor, and most companies charge a fee for the transportation and storage of precious metals bought from them. Oxford Gold Group does it differently. The company charges a flat fee for these services. The fee is also availed for you to know the cost you will incur, which helps with decision making.
Oxford Gold Group IRA?
As already mentioned, Oxford Gold Group offers precious metals IRA services to their clients. Besides the tax advantages an IRA account offers, the company ensures you buy precious physical metals, which they store for you in the form of gold bullions. You can collect or sell these precious metals upon retirement.
What IRA custodians do they work with?
The company has no prefered custodian that they work with, at least not according to their website. The info about this on their website is that they will reach out to your current custodian for the process. This is something OGG does 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?
The company has 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. The Oxford Gold Group can give you rebates to reduce your maintenance fees for a large account which can run for several years depending on the size of your account.
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?
The company’s customer support is excellent as they contact you once you feel the interest form. They also assist you through the purchase process and even charge no fees for shipping. This shows they are oriented towards customer satisfaction.
Is Oxford Gold Group a Scam?
So, is Oxford Gold Group? No. The company is not a scam. It’s a legitimate precious metal investment company. The company also has real owners and a real physical address. Though the company was started in 2018, it has availed enough information to show they conduct legit business.
However, the question of whether it is your best alternative out there is a whole other story. 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:
BBB (Better Business Bureau)
Rating: A+ (based on 52 reviews + 3 complaints in the last 12 months)
Rating: (4.9 / 5) (based on 167 reviews)
BCA (Business Consumer Alliance)
Rating: (AA) (based on 37 customer reviews)
Rating: (4.7 / 5) (based on 137 reviews)
What can we make out of these results?
As far as the ratings are concerned, the company is doing well even though there wasn´t really that many reviews to be found. Most of the customer reviews are positive, indicating satisfaction with the services rendered. Oxford Gold Group has achieved the highest BBB rating and a good rating on BCA, and we did not find any alarming number of complaints.
Any complaints & red flags?
The company has not had that many complaints other than the 3 on the BBB website, and also 1 on the Consumer Affairs website. However, it has been in business for a relatively short period which might explain the outcome.
Oxford Gold Group PROs & CONs
- Mostly positive ratings
- Multiple precious metal options.
- Transparent fees.
- Very new firm
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 firstname.lastname@example.org.
Final words & Verdict
Overall rating: (4 / 5)
Summary: Ok, I think that sums up the overall view of this company pretty well. Oxford Gold Group is a legitimate investment company focusing on precious metal investments. They also offer gold IRA and are a company with excellent and reliable customer support.
So, a strong 4 out of 5 stars is my rating, for now, this can, of course, change to a higher or a lower one as we try to update our reviews on this site as soon as something new comes up on the company we have listed here.
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