> > Oxford Gold Group Review 2024: Features, Pros, and Cons

Oxford Gold Group Review 2024: Features, Pros, and Cons

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Retirement accounts like IRAs and 401(k)s are synonymous with stocks, bonds, and ETFs. However, there are legitimate ways for Americans to put “non-traditional assets” into their long-term portfolios. For instance, people interested in precious metals investing will find plenty of self-directed IRA providers offering gold, silver, platinum, and palladium. With these precious metal IRA accounts, investors make the same yearly contributions and enjoy tax benefits, but they get to hold physical metals in their retirement portfolios.

Oxford Gold Group is one of many precious metals IRA providers headquartered in California. Although Oxford Gold Group appears to have a solid reputation on sites like the Better Business Bureau (BBB) and ConsumerAffairs, it may not be the right company for everyone’s investment strategy. Find out more about what Oxford Gold Group offers and whether it’s the best IRA gold company for your financial goals.

Oxford Gold Group

Overall Rating 4.2

The Modest Wallet Overall Rating (Our Rating Methodology)

Bottom Line: Oxford Gold Group is a precious metals dealer established in 2017, offering multiple products, from precious metals IRA accounts to direct selling precious metals, including gold and silver.

Minimum deposit

4.5

Fees

4.0

Offerings

4.5

Customer service

4.0

User experience

4.0

Security

4.0

Best for:

  • Conservative investors
  • Long-term investors
  • Precious metals investors

Pros:

  • Strong accreditations and track record
  • Partners with high-quality depositories
  • Commitment to buyback precious metals

Cons:

  • High minimum deposit
  • Lack of fee transparency

What is Oxford Gold Group?

Oxford Gold Group is a California-based precious metals provider offering investors self-directed IRAs and direct shipment of coins and bullion. Patrick Granfar—the former Senior Portfolio Manager at Lear Capital—founded Oxford Gold Group in 2017 and continues serving as the company’s president. Since its founding, Oxford Gold Group has earned a BBB accreditation and an A+ rating. Oxford Gold Group works with IRS-approved depositories like Delaware Depository and Brink’s International to secure each IRA holder’s metals, and it offers silver, platinum, and palladium in addition to gold. 

Oxford Gold Group homepage
Source: Oxford Gold Group

How Does Oxford Gold Group Work?

Investors could buy gold, silver, platinum, or palladium for direct shipment or open a self-directed precious metals IRA with an Oxford Gold Group agent. For those who choose the IRA option, Oxford Gold Group will help you rollover your current retirement account and purchase IRS-approved coins, bullion, and bars. The team at Oxford Gold Group will ship your metals to a secure facility such as Brink’s International or Delaware Depository for safekeeping till you reach retirement age. Once you turn 59½, you can withdraw your physical metals or request a cash payment on your portfolio by calling Oxford Gold Group. 

Account Minimum

Oxford Gold Group doesn’t post a minimum requirement on its main website, but most reports suggest new IRA clients must deposit at least $25,000 into their account. For more detailed information on Oxford Gold Group’s latest requirements, call (833) 600-GOLD for the latest details.  

Account Types 

Many approved retirement accounts are listed on Oxford Gold Group’s website, including Traditional, Roth, and SEP IRAs. It’s also possible to rollover a 401(k) into an Oxford Gold Group IRA account. If you have an IRA that doesn’t meet these standards, call Oxford Gold Group at (833) 600-GOLD to see if they’ll accommodate you. 

Getting Started 

As long as you have an approved retirement account with at least $25,000 for your first deposit, rolling over your account shouldn’t be difficult. You only need to call Oxford Gold Group at (833) 600-GOLD to start the IRA transfer process. Once the rollover clears, you can add precious metals to your retirement portfolio with tax benefits. 

Oxford Gold Group sign up
Source: Oxford Gold Group

Opening An Account

Opening an account with Oxford Gold Group is a simple process. Whether you are rolling over an existing retirement account or opening a new gold IRA, the process is as follows:

  • Step 1 — Request a Free Info Kit: Before creating an Oxford Gold Group IRA, review the educational resources on this company’s website. You could also ask for a free info kit in the mail to learn more about Oxford Gold Group’s latest features and services. It might help to jot down a few questions while reviewing this info in case you encounter things you don’t understand. 
  • Step 2 — Call an Oxford Gold Group Agent: After going through all of the material available on Oxford Gold Group’s site and info packet, contact an agent at (833) 600-GOLD for more details on how a precious metals IRA works. Be sure all of your gold IRA questions are answered before committing to this website. 
  • Step 3 — Rollover Funds to a Precious Metals IRA: If you feel an Oxford Gold Group IRA is the right move for you, call (833) 600-GOLD again to rollover your current retirement account into a precious metals IRA. Oxford Gold Group’s staff should supply you with all of the forms you need to safely and legally transfer your money. 
  • Step 4 — Choose a Depository and Purchase Precious Metals: Once Oxford Gold Group receives your IRA rollover funds, you can buy IRS-approved gold, silver, platinum, or palladium for your IRA account. You can also place your metals in a Delaware Depository or Brink’s International facility.   
  • Step 5 — Monitor Your Portfolio’s Performance: Each year, you’re allowed to make the maximum IRS-approved contributions to your Oxford Gold Group IRA account. You can also monitor the value of your portfolio by calling Oxford Gold Group or comparing your purchase prices with the current spot value for gold, silver, platinum, and palladium.  
Oxford Gold Group gold ira
Source: Oxford Gold Group

Oxford Gold Group Features

Oxford Gold Group’s primary goal is to help investors add precious metals to their portfolios through a self-directed IRA or a direct purchase. Whichever method you choose, you’ll also have access to live customer support and educational resources when working with Oxford Gold Group.

Minimum Deposit$25,000
Fees$50-$100 (setup fee), $50 to $180/year (custodian fee), $50-$300/year (storage fee) *other fees may apply
Account TypesTraditional IRA, Roth IRA, and SEP IRA
OfferingsGold, Silver, Platinum, and Palladium
Trustpilot4.9/5.0
Better Business BureauA+ Rating
Business Consumer AllianceAA Rating
PromotionNone
Buyback ProgramYes
Physical Precious Metals Ownershipyes
Free Info Kityes
SupportContact Form and Telephone: (833) 600-GOLD

Precious Metals IRAs 

Anyone interested in holding precious metals for the long-term and enjoying tax benefits should consider Oxford Gold Group’s precious metals IRA. This self-directed IRA lets people add physical gold, silver, platinum, and palladium to a retirement account while taking advantage of tax deductions for contributions or tax-free redemptions. Oxford Gold Group helps clients with multiple retirement funds—including Traditional, Roth, SEP, and 401(k)s—fund this precious metals IRA program and add metals to a personal account. Once you reach retirement age, you can redeem these metals from either a Delaware Depository or Brink’s facility or request a buyback from Oxford Gold Group. 

Remember that the metals offered in precious metals IRA accounts have to meet strict fineness scores per the IRS. Gold must meet a purity score of 99.5% pure, while silver needs to be 99.9% pure. Platinum and palladium must meet the highest standard of 99.995%.

A few examples of metals you could buy with an Oxford Gold Group IRA include: 

  • Gold Buffalo coins
  • Gold Canadian Leaf coins
  • Canadian Silver Leaf coins
  • PAMP Suisse Silver Bars
  • Platinum Canadian Leaf coins
  • Palladium Canadian Leaf coins 

Purchase Precious Metals Directly

If you’d prefer to buy physical precious metals without using your retirement account, you can buy gold, silver, platinum, or palladium from Oxford Gold Group and have them ship it to your door. Call an Oxford Gold Group agent at (833) 600-GOLD and choose any of the coins, bullion, and bars listed on the company’s website. Oxford Gold Group advertises free shipping anywhere in the USA, plus tracking and insurance protections. 

Since these metals don’t need to meet the high fineness scores associated with an IRA account, there are more options to choose for direct purchase. Just a few examples of products you could buy from Oxford Gold Group include:

  • British Royal Mint coins
  • Gold South-African Krugerrand coins
  • Gold Australian Spotted Eagle Ray coins
  • Silver Franklin Halves
  • Silver Austrian Philharmonic coins  
  • Platinum Bottlenose Dolphin coins
  • Palladium Bars
Oxford Gold Group gold coins and bullion
Source: Oxford Gold Group

Storage 

Due to IRS rules, investors purchasing precious metals with an Oxford Gold Group IRA can’t store them at home. Instead, IRA holders must place their metals in an IRS-approved storage facility until retirement age. Oxford Gold Group gives IRA investors the option to store their metals in either a Delaware Depository or Brink’s International facility while they wait until they can take penalty-free withdrawals. Both of these depositories have high reputations for security, and Oxford Gold Group promises every IRA client receives insurance protection from Lloyd’s of London

Buyback Program

By law, Oxford Gold Group can’t guarantee it will buyback precious metals you purchase in an IRA account, but the company says it has “never refused the opportunity to repurchase precious metals that a customer purchased from Oxford Gold Group.” Therefore, if you want to return your precious metals to Oxford Gold Group once you reach retirement age, you shouldn’t have an issue getting a cash payout. Call (833) 600-GOLD whenever you want to initiate a buyback on your precious metals. 

Educational Resources 

There are dozens of articles on the precious metals market, IRAs, and general investing advice on Oxford Gold Group’s “Resources” tab. Visitors can also take a Gold Qualification Quiz on Oxford Gold Group to see whether they’re a good fit for a self-directed IRA account. Also, remember Oxford Gold Group offers a free Investment Guide for those interested in reading more about this company’s products and services.  


Oxford Gold Group Fees

Oxford Gold Group doesn’t list its fee schedule on its main website, but it mentions average ranges investors should expect in multiple blog posts. The amount you pay for your coins or bullion may depend on how much you have in your IRA account and which depository you choose to work with. Please double-check the latest fee schedule with an Oxford Gold Group agent before setting up an account. 

Setup Fees 

Oxford Gold Group says average setup fees for gold IRAs are in the $50 – $100-range, depending on the partner custodian. 

Annual IRA Fees

Again, Oxford Gold Group gives a range for annual IRA fees of $50 to $180. However, some review sites like ConsumerAffairs suggest Oxford Gold Group charges $175 each year for accounts with less than $100,000 in precious metals and $225 for IRAs with over $100,000. 

Storage Fees

The estimated range for storage fees on Oxford Gold Group’s site is between $50 to $300. Please speak with an Oxford Gold Group agent at (833) 600-GOLD. 

Other Fees

Oxford Gold Group charges a premium on the gold, silver, platinum, and palladium they offer (aka the “spread”), which is a standard feature at all precious metals vendors. Oxford Gold Group also advertises free shipping for precious metals. 


Oxford Gold Group Security

Oxford Gold Group works with two of the most trusted depositories in the precious metals industry for IRA storage: Delaware Depository and Brink’s International. Clients also enjoy insurance on their holdings from Lloyd’s of London and insured shipping. To put investors’ minds at ease, Oxford Gold Group has high accreditations for its business, including an A+ rating on the BBB. 


Oxford Gold Group Customer Support 

You can reach Oxford Gold Group’s staff any time by calling (833) 600-GOLD or scheduling a future call on its official Contact Us page. There’s also an e-message portal on Oxford Gold Group’s website if you’d prefer to send an email. 


Oxford Gold Group User Experience

Although Oxford Gold Group doesn’t have the longest track record in the precious metals market, it has strong accreditations from organizations like the BBB. Also, the reviews of Oxford Gold Group tend to be positive on most third-party sites, such as Trustpilot, ConsumerAffairs, and Google Reviews. Many customers praise Oxford Gold Group’s high-quality customer service, but there are a few complaints over Oxford Gold Group’s slower shipping times and higher premiums compared with other businesses. 

Oxford Gold Group also has a AA rating from the Business Consumer Alliance.

Here are a few sample reviews to get a feel for the Oxford Gold Group experience:

“They sold product to me and it was a long wait but I got the product as promised. I have gone with other companies and Oxford gives their prices for their products. But the delivery time with other companies are much faster.” Jim of Manchester, CT (ConsumerAffairs)    

“Was told I would receive a notification when my check arrived at Oxford. I was viewing my checking account on-line and noticed my check had cleared without any notification from Oxford. I contacted my agent and he apologized and said he had been out of the office. After we got over that, things went smoothly and I received my merchandise. I will be ordering more items from Oxford in the future.” Jack D (Trustpilot)

“The ONLY reason I gave them 4 stars and not 5 was due to the exceptionally long delivery time. I must admit that I was aware of the delivery time when I purchased my products.” Salvatore Sangetta (Trustpilot)

“Oxford Gold Group was the right choice for me! I worked with KC and all I can say is that for the first time in a long time when making a financial decision, I finally felt heard and understood! KC and I spoke one time and the very next call she had laid out for me exactly what I wanted and needed. Zero pressure! She went above and beyond to assist me during this whole process and made it incredibly easy! I have already told my friends and family about her and Oxford Gold Group. Thank you, KC! I am so grateful for this experience and your professionalism and am looking forward to doing business with you again!” Stacy Poffenbarger (Google Reviews 


Oxford Gold Group Pros Explained

  • Strong accreditations and track record: Oxford Gold Group has a high A+ rating plus official accreditation from the BBB. Also, most of the reviews for Oxford Gold Group on sites like Trustpilot and ConsumerAffairs are positive. 
  • Partners with high-quality depositories: People with an IRA from Oxford Gold Group store their metals in a Delaware Depository or Brink’s International facility. Both depositories have exceptional security standards plus insurance protections from Lloyd’s of London. 
  • Commitment to buyback precious metals: Oxford Gold Group can’t guarantee it will buyback your metals, but it has yet to deny a client’s withdrawal request. So, if you’d prefer to liquidate your gold rather than store them on your property, there’s a good chance Oxford Gold Group will buy your metals. 
  • Offers a wide selection of products: If you invest with Oxford Gold Group, you can access the four major precious metal categories (i.e., gold, silver, platinum, and palladium). Oxford Gold Group also offers coins, bullion, and bars from multiple mints with IRS-approved purity scores. 

Oxford Gold Group Cons Explained

  • High minimum deposit: You need to feel comfortable putting at least $25,000 of your net worth into precious metals with an Oxford Gold Group IRA. Although some platforms have higher minimum deposits, $25,000 is a considerable commitment for investors. 
  • Complaints of slow wait times and high premiums: Although most reviews related to Oxford Gold Group are positive, a few customers have complaints about slow shipping times and higher-than-expected bid-ask spreads. Double-check the quoted rates and standard shipping policies on Oxford Gold Group before using this service.    
  • Lack of fee transparency: Oxford Gold Group doesn’t publish a fee schedule on its website, and these rates may vary depending on how much you purchase and which depository you use. Be sure to call Oxford Gold Group to figure out their latest fees for precious metal IRAs before opening an account. 
  • Not as old as other precious metals companies: Compared with many competing companies like Goldco and Birch Gold Group, Oxford Gold Group is a newcomer to the industry. Although Oxford Gold Group has been around since 2017, it doesn’t have as long of a track record compared to many other brands. 

Oxford Gold Group Alternatives 

Most third-party review sites indicate customers are primarily satisfied with Oxford Gold Group’s services. However, that doesn’t mean Oxford Gold Group is the only option for people interested in precious metals IRAs. Be sure to compare Oxford Gold Group with other gold IRA providers before making your final decision. 

Oxford Gold Group vs. Goldco 

Endorsed by Sean Hannity and Chuck Norris, Goldco is a Calabasas-based precious metals vendor offering self-directed IRAs. Like Oxford Gold Group, people with a Goldco IRA must deposit a minimum of $25,000 to purchase metals like gold and silver. Goldco also works with Delaware Depository for its storage, and it advertises buyback guarantee. One major difference between Oxford Gold Group and Goldco is that the latter has been in business for over ten years longer. Find out more on our recent Goldco review

Oxford Gold Group vs. Augusta Precious Metals

Founded in 2012, Augusta Precious Metals is another California precious metals dealer offering gold IRAs and storage at Delaware Depository facilities. One feature that separates Augusta Precious Metals from Oxford Gold Group is the former has a $50,000 minimum deposit requirement. However, Augusta Precious Metals promises to offer investors lifetime customer support with a professional precious metals analyst. Read our full Augusta Precious Metals review for more details.

Oxford Gold GroupAugusta Precious MetalsGoldco
Our Rating

4.2

4.7

4.6

Annual Fees$50-$180$200 (waived for the first year)Varies depending on custodian
Minimum Deposit$25,000$50,000$25,000
Trustpilot Rating4.9/5.0N/A4.8/5.0
BBB RatingA+A+A+
BCA RatingAAAAAAAA
TrustLink RatingN/A4.9/5.04.8/5.0
Information KitPDFPhysical KitPhysical Kit
VerdictBest For Educational ResourcesBest For TransparencyBest For Customer Service

Who is Oxford Gold Group Best For? 

Oxford Gold Group is an attractive option for conservative investors who want significant exposure to precious metals in their long-term retirement portfolios. Although this company hasn’t been around as long as many competitors, it has high-quality accreditations with the BBB, insurance protection with Lloyd’s, and partnerships with Delaware Depository and Brink’s International. If you feel comfortable depositing at least $25,000 into the precious metals market for the long haul, it’s worth considering an Oxford Gold Group IRA.  


Oxford Gold Group FAQs 

Are you unsure whether Oxford Gold Group is the best precious metals partner for your retirement savings? Read the FAQs below to better understand Oxford Gold Group’s history and offerings. 

Who Owns Oxford Gold Group?

Patrick Granfar created Oxford Gold Group in 2017 and now serves as the company’s president. Mr. Granfar has previous experience at dozens of financial institutions and precious metals vendors, including Augusta Precious Metals, Bank of America, and Lear Capital.

Is Oxford Gold Group Trustworthy? 

Since its founding in 2017, Oxford Gold Group has become a trusted name in the metals market thanks to its A+ BBB rating, hundreds of positive reviews, and partnerships with accredited depositories like Delaware Depository and Brink’s International.

Do I Own The Physical Precious Metals In A Oxford Gold Group Gold IRA Account? 

When people purchase precious metals through an Oxford Gold Group IRA, they own the physical coins, bullion, or bars. However, you can’t store these precious metals on your property until you reach retirement age. 

Can I See How My Investment Is Performing With Oxford Gold Group? 

Oxford Gold Group says it records the spot prices for your precious metal purchases to make it easy to monitor the value of your portfolio. You can also call Oxford Gold Group anytime to discuss your IRA holdings at (833) 600-GOLD.

Where Does Oxford Gold Group Store My Precious Metals? 

IRA holders have the option to store their precious metals in a guarded facility at either Delaware Depository or Brink’s International.

Do Contributions On An Oxford Gold Group Account Work The Same As A Regular IRA Account? 

Contributions to an Oxford Gold Group IRA work the same as a regular IRA. For instance, if you rollover a Traditional IRA into Oxford Gold Group, you can contribute $6,500 per year or $7,500 after turning 50. 

What Are The Tax Advantages Of An Oxford Gold Group Gold IRA Account? 

Similar to contributions, the tax advantages on an Oxford Gold Group IRA are the same as standard retirement accounts. People who use a Traditional IRA enjoy tax deductions for every contribution, while those using Roth IRAs don’t have to pay taxes after withdrawing their redemptions. 

How Can I Make A Withdrawal From My Oxford Gold Group Gold IRA?

The simplest way to request a withdrawal from an Oxford Gold Group IRA is to call the company at (833) 600-GOLD and submit a request. Although Oxford Gold Group can’t guarantee it will buyback your gold, it says it has yet to refuse a customer. 

How Does Oxford Gold Group Make Money? 

Oxford Gold Group charges a slight premium on every precious metal they sell (aka “a spread”). You can find details on Oxford Gold Group’s spread charges on its official FAQ page

Where Is Oxford Gold Group Headquarters? 

The address for Oxford Gold Group’s headquarters is:
9100 Wilshire Blvd Ste 700W
Beverly Hills, California, 90212, United States

Do I Pay The Shipping On My Oxford Gold Group Gold IRA? 

Oxford Gold Group claims to offer free shipping in the USA. 

How Do I Rollover Funds From Another Account Into A Oxford Gold Group Gold IRA Account? 

Call Oxford Gold Group at (833) 600-GOLD to start the IRA rollover process. A customer service rep will walk you through all the steps you need to follow to transfer funds from an existing IRA into an Oxford IRA account.

Does Oxford Gold Group Have A Buyback Program?

Oxford Gold Group can’t legally claim it has a “buyback guarantee,” but it accepts offers for buybacks from IRA holders. 

In A Nutshell

  • Key Highlight: Robust educational resources available to beginner investors
  • Minimum Investment: $7,500
  • Metals Available: Gold, silver, palladium, and platinum bullion and coins
  • Ratings: 4.9/5.0 over 177 reviews (Trustpilot); 4.9/5.0 over 59 reviews (BBB) and A+ rating with BBB

on Oxford Gold Group’s website


Final Thoughts 

Anyone interested in taking advantage of an IRA’s tax benefits and investing at least $25,000 into precious metals should check out Oxford Gold Group’s offerings. While Oxford Gold Group has plenty of competitors with a long history in the market, it has many positive ratings, solid partnerships with top-tier depositories, and reputable accreditations. Take your time researching Oxford Gold Group’s services versus other precious metals vendors to find the perfect option for your retirement portfolio.

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