Birch Gold Group Review
Diversifying your retirement account with precious metals can be a highly profitable endeavor. A self-directed IRA account allows you trade in precious physical metals at a tax advantage. Better still, these precious metals are known to weather all financial uncertainties. Gold is by far the truest definition of wealth. However, the main challenge for investors is finding the right firm. Birch Gold is a renowned dealer of gold in the US. This review puts the gold company under a microscope to examine the good and the bad so you can make an informed decision to invest or not to invest with them.
About Birch Gold Group
The Birch Gold Group is another IRA focused gold company. They are based out of California and they consider themselves one of the best gold IRA companies around. Using personal attention the Birch Gold Group works heavily to educate their clients. They believe that more educated clients make better informed purchases but also are happier in the end.
This gold dealer has been in business since 2003. Birch Gold sells physical gold and other precious metals like silver and platinum for IRA accounts or physical possessions. The company operates from Burbank, California, and carries the Inc.com verification badge. The latter is a business editorial company that vouches for a business’ smooth operations without necessarily endorsing their products and services.
The Birch Gold Group Website
According to the gold dealer’s website, their first commitment is creating a knowledgeable investor out of an everyday person. The company categorically states that apart from facilitating selling and buying of gold and precious metals, they engage in providing information to help investors navigate this area of the business.
It wouldn’t be a lie to say that they have lived up to that expectation because their website already has many informational pieces on investing in gold. When you zoom over to the Education section on birchgold.com, you will find many articles touching on:
- Benefits of investing in precious metals
- How to purchase the precious metals
- Difference between physical and paper gold
What’s more, this section also has a downloadable information kit that might help to get new investors at par with the savvy ones. Users also have access to a News section that updates on the latest happenings in the market.
Precious Metal IRA services
Birch Gold helps investors safeguard their retirement savings by moving their money to IRA gold and silver accounts. These precious metals can give investors some peace of mind, as opposed to the fluctuating dollar.
The products of the company include
- American Gold Eagle
- American Gold Eagle
- American Buffalo
- Canadian Gold Maple Leaf
- South African Krugerrand
- Gold Indian Head Eagle
- Liberty Head (Coronet Head) collection
- Liberty Head Double Eagle
- Saint-Gaudens double eagle
- Gold Bars and Rounds
- Valcambi CombiBars
- Gold Polar Bear
- American Silver Eagle
- American Silver Eagle
- Canadian Silver Maple Leaf
- Morgan Silver Dollar
- Peace Silver Dollar
- Walking Liberty Half Dollar
- Silver Bars and Rounds
- Silver Polar Bear and Cub
- Silver Gyrfalcon
- America the Beautiful Silver Series
- Silver Twin Maples
- American Platinum Eagle
- Platinum Bars and Rounds
- Canadian Palladium Maple Leaf
- Palladium Bars and Rounds
We can see that Birch Gold has a vast list of precious metals and gold, but it is important to note that out of all, the IRA approved ones are only a few. You might find that to be constraining when you to need to expand your IRA gold portfolio.
The process of opening a precious metals IRA account
Birch gold can walk you through the process of opening an IRA account. The company says they can also help you roll over your 401K or other retirement accounts to a self-directed IRA account. The process involves:
- Your Birch Gold specialist assists with transferring funds from your retirement account to an IRA precious metals account
- Birch Gold helps you buy IRA precious metals (you can choose one from their list)
- Your precious metals are stored at the Brink’s Global Services or Delaware Depository where they are insured up to $1 billion by Lloyd’s of London
Important things to note about this process
- For non-IRA purchases, you can get the metals and coins delivered to your house
- If your order exceeds $10,000, the shipping is free
- For IRA purchases you can store the precious metals through the company at the earlier mentioned depositories
- The company can buy back the precious metals if you choose to sell, but without commission
Birch Gold Group Ratings on Consumer Review Sites
Birch Gold says their customer’s service is top of the mark. Although some customers from the BBB disagree with that claim, most users from Consumer Affairs say the company’s customer service is flawless. There are also positive reviews about the company on Birds Eye and Trust Pilot.
Birch Gold has stated on their site that they are dedicated to providing personal attention to each of their customers. Ideally, you should expect a company that is just as motivated about your satisfaction as it is about their sales. Birch Gold says they take time to listen to each customer, without engaging in hard sale marketing pitches which seems to be true. If you take a look at the Birch Gold site, there are no flashy marketing messages.
What Birch Gold Group could improve according to customers
- The company rarely discloses prices when buying gold, this lack of transparency breaches trust according to many users on Better Business Bureau
- There is lacking seamlessness between Birch Gold, partner custodians like Strata and customers
Birch Gold is a legit IRA gold trading company with lots of positive reviews on business review sites and more than 15 years in business. However, it’s not without some glitches here and there. The biggest concern when trading with Birch Gold Group is the lack of transparency in prices and communication breakdown between custodians, the company, and customers. You might want to be cautious when buying precious metals for your IRA. Make sure to have a look at our top 10 list of reputable gold IRA companies where Birch Gold Group is also listed.
- More than 15 years in business
- Great expertise in precious metal IRA accounts
- Overall high ratings on consumer review sites
- Lack of transparency when it comes to prices on their website
- Lacking seamlessness between Birch Gold, partner custodians & customers
- Address: 3500 W Olive Ave #730, Burbank, California 91505, USA
- Phone: 800-355-2116
- Website: www.birchgold.com
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This review of Birch Gold Group was updated on Wednesday, June 1, 2020