Hello! Welcome to my Birch Gold Group Review!
I've noticed that many people are considering Birch Gold Group as their IRA firm. Before diving in, though, they want to know – is Birch Gold Group a scam?
Birch Gold Group caters to people wanting gold and other precious metals. They have been operating for 16 years now. Despite that, many still wonder whether Birch Gold Group is legit or if scammers run it.
In this recently updated post, we will thoroughly examine Birch Gold Group to see what they offer and whether they are reliable or a scam.
Birch Gold Group Review Quick Summary
Company name: Birch Gold Group
CEO: Laith Alsarraf
Price: Varies depending on your investments
What is Birch Gold Group?
Before we answer the question, "Is Birch Gold Group A Scam?" let's get to know the company better.
Birch Gold Group is a company that sells gold, silver, palladium, and platinum in the form of bars and coins. This company also caters to people wanting a "Gold and Silver IRA."
Birch Gold Group has an office in Burbank, California, and has been in business since 2003. The company is proud to share that they have been featured in multiple media outlets, including the Ben Shapiro Show.
Birch Gold Group also boasts a team of experienced professionals that previously held positions in major, well-known corporations.
This may or may not mean that you will get efficient service and that the company has integrity, but it is good to know.
How Does Birch Gold Group Work?
Two kinds of people are considering Birch Gold Group. First, the people interested in buying coins and bars of precious metals outside of a retirement account. Secondly, the people who are interested in a Precious Metals IRA.
Birch Gold Group has an easy purchase process if you want to buy bars and coins of gold, silver, palladium, and platinum. You have to contact them about your preferred product; they will present you with all your options.
You can then pay with personal checks or wire your payment. Birch Gold Group will ship your metals to you and have the items arrive at your doorstep within seven days.
On the other hand, if you're one of the people considering a gold or silver IRA, you would need to contact a Birch Gold Group representative to get started. You will be assigned a Precious Metals specialist to help you throughout the process.
Here is a list of Birch Gold Group fees. We noticed that the setup fees are more than twice those of other competing gold IRA company.
The Birch Gold Group Fees
Annual Admin Fees
Initial Setup Fees
Annual Storage Fees
$100 (Flat rate)
Minimum Purchase Amount
Gold IRAs Explained
Simply put, a Gold IRA is an IRA that involves actual gold. Gold IRAs hold physical gold in custody for the client's benefit unlike regular IRAs. The gold involved in an IRA is typically in the form of bullion coins and bars.
Other precious metals can also be held in an IRA, though. Silver, palladium, and platinum are an option as long as they are in the form of an IRS-approved coin or bar.
This births the terms "Silver IRA," "Palladium IRA," "Platinum IRA," or, in general, "Precious Metals IRA." Gold is the most popular metal held in IRAs, so the term "Gold IRA" is the most well-known term when discussing this subject.
Many companies offer Precious Metals IRAs, and Birch Gold Group is just one.
Augusta Precious Metals is also a popular choice for people interested in alternative investments. These companies are two of the most well-known among many precious metal IRA providers.
Birch Gold Group FAQs
Purchased items will be shipped to the customer, and there will be shipping fees for purchases below $10,000.
Customers can wire their payment or pay with a personal check.
Yes. However, they have not mentioned anything about their buy-back prices.
Yes. Birch Gold Group offers two storage options for its clients. First, there's Delaware Depository. With this storage facility, possessions can get insured for up to $1 billion. Secondly, there's Brink's Global Services, the largest non-government and non-bank precious metals holder in the world.
You can also always find a different storage option outside of Birch Gold Group. You can use a storage facility nearer to your home, where applicable. You can also use a personal safety deposit box if you prefer.
According to the company's website, there is an account setup fee of $50. There is also a wire transfer fee of $30 and a transaction fee of $40. The annual fee for storage and insurance is $100, and the annual management fee is $75.
On transfers greater than $50,000, customers can get their first year's fees for free.
You can contact Birch Gold Group to get assistance in starting a precious metal IRA. You can also request a Free Info Kit from their website to get all the information needed to get started.
For those unfamiliar with IRA accounts, some serious study may be involved in understanding the process. Because of this, we are partial to companies that provide more robust education resources.
That's one of the reasons we chose Augusta as our top pick of gold IRA companies.
(To learn more about Augusta, click here. Be sure to ask about Augusta's one-on-one web conference that contains information about the economy and gold and silver accounts that is not easy to find. Augusta also has a free info kit.)
No. The company only operates in the US.
What Are People Saying About Birch Gold Group?
One thing is for sure, while Birch Gold Group offers some great ROI opportunities, they cannot please everybody.
Online ratings for the company are a mixture of positive and negative.
Although almost every company has some less-than-happy customers, the reviews we see about Birch Gold Group make us wonder how solid their customer service is.
Birch Gold Group Trust Ratings (Updated May 2023)
- BBB - 4.65 out of 5 rating, A+ rating, BBB accredited based on 86 reviews
- BCA - 5 out of 5 rating, AAA rating based on 8 reviews
- Consumer Affairs - 4.8 out of 5 rating based on 114 reviews
- Trustpilot - 4.6 out of 5 rating based on 128 reviews
- Trustlink - 5 out of 5 rating based on 134 reviews
How is Birch Gold Group’s Support?
A company's support system says so much about its standards. As for Birch Gold Group, the company has received mixed reviews regarding its customer support.
Some people say they've received superb assistance from the company, but there is also a complaint that says Birch Gold Group hasn't been very helpful in answering questions.
This particular complaint also claimed that the company seems to avoid responding through email or putting things into writing.
Is Birch Gold Group A Scam?
No. This company is not a scam. It is a legit provider of precious metals and precious metal IRAs.
They did receive several BBB complaints in the last year, but the company has faced these dissatisfied clients by addressing their complaints on the BBB website.
Nevertheless, you should read the reviews for yourself to understand whether or not this company adheres to your personal standards.
Many other companies indeed provide the same services as Birch Gold Group, like Augusta Precious Metals, but each one has something unique to offer.
Ultimately, deciding which one will best suit your needs is up to you. Understand the risk factors and compare the pros and cons of each company so you can find which is the right fit.
Pros and Cons of This Precious Metals Company
Do I Recommend Birch Gold Group?
Birch Gold Group is not a scam. In fact, it is a credible company. But if you want someone with a squeaky-clean record that's free from complaints, there are other options, like Augusta Precious Metals.
The bad reviews that Birch Gold Group received in the past year can be a little scary to some people and are impossible to disregard. Still, you can choose to give them a chance.
After all, they have had many happy customers who were satisfied with their services. It would be better if you do heavy research on your own on the subject of gold investing before you contact any rep.
Final Verdict: Not a Scam
Birch Gold Group is legit. You can try it, but pay attention to the recent BBB complaints filed by its clients.
If you want to work with a company with few (if any) complaints and a solid amount of excellent ratings and reviews, we suggest you explore our top choice.
If you ever decide to go for Birch Gold Group, make sure that you are well-informed of the values of the metals you are looking to get, and don't let their reps convince you to do anything that isn't part of your plan.
Thank you for reading my Birch Gold Group review! If you have any questions or comments, please feel free to leave them below in the comment section!
Make it a great 2023!