Oxford Gold Group Review

April 7, 2022
Written by Peter Anderson

To Put it Simply: Oxford Gold Group is a precious metals brokerage company that facilitates the purchase and sale of gold, silver, platinum, and palladium. 

They specialize in Precious Metals individual retirement accounts (IRAs), also commonly called Gold IRAs. A Gold IRA is a type of IRS-approved retirement account that allows investors an alternative to traditional stocks and bonds options. Like other IRAs, Gold IRAs are a tax-advantaged account.

Oxford Gold Group is located in Los Angeles, CA, and has been in operation for four years.

 They pride themselves on providing the education that their investors need to make informed, confident purchasing decisions.

Oxford works to make the process as painless as possible.

What does Oxford Gold Group offer?

Oxford Gold Group offers both Precious Metal IRAs and direct sales of gold, silver, platinum, and palladium. They provide extensive educational materials to ensure that investors understand the best options available to them.

Precious metals IRA

Precious metals IRAs, also called Gold IRAs, are a type of retirement savings account that holds physical assets including silver, gold, platinum, and palladium bars and bouillon. They are a tax-advantaged retirement account.

Oxford Gold Group manages the account on your behalf, including the purchase and shipment of the precious metals you choose. When you are ready to withdraw from the account, then Oxford will either handle the sale of the precious metals on your behalf or ship it to you directly.

Silver, gold, platinum, and palladium products

Oxford Gold Group offers the direct sale of a selection of silver, gold, platinum, and palladium products. These precious metals are not part of an IRA. Direct sales of precious metals are delivered to the customer and are the responsibility of the customer to store once delivery is completed.

Oxford Gold Group is unique in its offerings. It has silver, gold, platinum, and palladium bars as well as coins. The coins available are from a wide variety of countries including the USA, Canada, Austria, Australia, and the United Kingdom.

Customers interested in the direct purchase of precious metals are asked to contact Oxford Gold Group to determine what products are currently available.

How much does Oxford Gold Group charge?

When considering whether precious metals IRAs are the right choice for you one thing to consider is the cost. That includes the fees that Oxford Gold Group charge.

The fee structure can be separated into one-time fees and annual fees.

Oxford has a simple flat fee structure. A one-time fee of $325 is charged for the account setup.

An annual fee of $180 is then charged for storage and custodial fees.

Customer ratings

One of the best measures of any company is how well rated they are with their customers. Oxford Gold Group boasts excellent reviews from former and current customers. Customers praise them for excellent communication, extensive educational resources, and knowledgeable employees.

This includes high marks with both the Better Business Bureau and the Business Consumer Alliance.

*Better Business Bureau: A+rating with 2 resolved complaints filed in the last 2 years
* Business Consumer Alliance: AA company rating and 5/5 stars with customers
* Trustpilot: 4.9/5 stars
* Google: 4.9/5 stars

Where does Oxford Gold Group store my precious metals?

The IRS requires that precious metals held in IRA accounts must be stored in a third-party secure custodial facility. 

These facilities have state-of-the-art security systems and climate-controlled vaults that ensure that your precious metals are safely stored. This provides you with much-needed peace of mind.

Oxford Gold Group partners with secure custodial facilities located in Deleware and Utah.

These are the Delaware Depository in Wilmington, Delaware, and the Brinks Depository in Salt Lake City, Utah. Both locations are insured through Lloyds of London.

Can I see how my precious metal investments are performing?

As with any investment, you must be able to track the performance of your investment portfolios. Oxford Gold Group offers the convenience of an online service that allows its customers to check the current price of precious metals as well as track recent price fluctuations.

Customers will also receive quarterly reports through Oxford electronically. For an additional fee, you can also sign up for paper statements of these quarterly reports. 

How to Open an Account With Oxford Gold Group

1

Open the account

The first step is to open the Gold IRA account. You can begin by contacting Oxford Gold Group via their website or their toll-free number.


You will be partnered with one of their specialists who are available to help you complete the account application.

This is the most complex step in the process. There are IRS guidelines that must be followed to create the account and that means paperwork.


Oxford Gold Group’s experts are there to help and to make this step in the process as painless as possible. This step is typically finalized within 24 hours.

2

Transfer Funds

The next step is to fund the Gold IRA account. This can be accomplished in one of two ways. Customers that wish to rollover existing IRAs, 401(k)s, and other approved retirement accounts can do so at this time.


If you would rather fund the account directly then the money can be transferred from a bank account or deposited via check.


This is usually the longest step in the process as transactions can take as long as five business days to finalize.

3

Select Metals

Once the transaction has been finalized then the next step may begin. That is the selection of the metals that will be held in the Gold IRA account. 


Oxford’s precious metals experts will assist you in choosing the gold, silver, platinum, and palladium that will best assist you in meeting your personalized goals.


Oxford ensures that all of the precious metals purchased for Gold IRA accounts meet all IRS standards. Once you have made your selections then the order will be placed by your account specialist.

4

Ship Metals

 The final step in the process is simple.


Your precious metals will be shipped to a secure custodial facility where they will remain until you are ready to sell them.


The IRS requires that all precious metals held in Gold IRA accounts must be stored in approved secured facilities where they will be managed by a custodial service.


Oxford partners with facilities located in Delaware or Utah.

How can I withdraw from my account?

Like all IRS-approved retirement accounts, Gold IRAs have strict guidelines that must be followed. In most cases, you are unable to withdraw from your Gold IRA until you are 59 and 1/2 years old without facing penalties. Those penalties include a 10% fee on top of applicable taxes.

When you do make a withdrawal from your account you have two choices. You can cash out and sell your precious metals or you can take your precious metals into your own possession.

One of Oxford Gold Group’s best features is that they will handle the sale of your precious metals on your behalf. 

Where to find Oxford Gold Group alternatives

Oxford Gold Group is only one of many options for those interested in Gold IRAs. Every company that offers Gold IRAs will have its own pros and cons. Any potential investor needs to do their homework and consider other options.

Check out our reviews of other major Gold IRA companies for more information. 

How we rated Oxford Gold Group

Oxford Gold Group receives a score of 4 out of 5 stars from us.

We looked at many factors when we were making this determination. Chief among them was Oxford Gold Group’s rating with the Better Business Bureau and Business Consumer Alliance. We looked at customer reviews as well as complaints filed with industry regulation companies. For other companies with a similar rating, check out SD Bullion, JM B, Patriot, Monetary Gold, and Noble.

We also considered what Oxford Gold Group has to offer when compared to its competitors. It stands out for both ease of use and its readily available educational resources.

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