Is Birch Gold Group a Scam? (Uh Oh) (Updated September 2022)

September 6, 2022

Is Birch Gold Group A Scam

Hello! Welcome to my "Is Birch Gold Group a Scam?" review!

(UPDATED SEPTEMBER 2022)

It seems more than a few people are considering Birch Gold Group this autumn.

This company caters to people who want gold and other precious metals. They have been operating for 16 years now. But despite that, many people still wonder whether or not Birch Gold Group is a scam.

In this post which has been updated for September 2022, we will be taking a thorough look at this company to see what they offer and whether or not they are a scam.

If you would rather jump directly to the company that we have carefully chosen as our most trustworthy and efficient gold IRA company, click here.

Birch Gold Group Review Quick Summary

Name: Birch Gold Group

Website: birchgold.com

CEO: Laith Alsarraf

Services: Sells precious metals and offers gold and silver IRA

Rating: 4/5

Is Birch Gold Group A Scam Logo

What is Birch Gold Group?

Is Birch Gold Group A Scam Website Homepage

To begin this "Is Birch Gold Group A Scam?" review, let's get to know it.

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 who want to have 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 shares its pride of being composed of experienced professionals that previously held positions in big-named 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 it work?

There are two kinds of people who are considering Birch Gold Group. One, the people who are interested in buying coins and bars of precious metals outside of a retirement account. Two, the people who are interested in Precious Metal IRA.

If you’re one of the people who want to buy bars and coins of gold, silver, palladium and platinum, Birch Gold Group has an easy purchase process. All you have to do is contact them about your preferred product and they will present to you all your options.

You can then pay with personal checks or you can also 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 who are 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 all throughout the process.

Here is a list of Birch Gold Group fees. We noticed that the setup fees are more than twice those of our recommended gold IRA company.

Birch Gold Group Fees

Name

Price

Annual Admin Fees

$75

Initial Setup Fees

$120

Annual Storage Fees

$100 (Flat rate)

Preferred Depository

Delaware Depository

Minimum Purchase Amount

$10,000

Gold IRA Explained

Gold IRA, simply put, is an IRA that involves actual gold. Unlike regular IRA, Gold IRA holds physical gold in custody for the benefit of the client. The gold involved in this is typically in the form of bullion coins and bars.

Other precious metals can also be held in an IRA. Silver, palladium and platinum are also 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 IRA which is why the term "Gold IRA" is the most well-known term when talking about this subject.

There are many different companies offering Precious Metals IRA and Birch Gold Group is just one of them.

Augusta Precious Metals is also a popular choice for people interested in alternative investments – and our number one choice for several reasons.

Among many precious metal IRA providers, these companies are two of the most well-known ones.

Birch Gold Group FAQs

How do customers get their purchased bars and coins?

Purchased items will be shipped to the customer and there will be shipping fees unless the purchase amount is over $10,000.

How do customers pay for their purchases?

Customers can wire their payment or pay with a personal check.

Is selling back possible with Birch Gold Group?

Yes. However, they have not mentioned anything about their buy-back price.

Can you store your gold and silver through the company?

Yes. Birch Gold Group offers two storage options for its clients. First, there's Delaware Depository.

With this storage facility, possessions can get insured to up to $1 billion. Second, there's Brink’s Global Services, the largest non-government and non-bank precious metal holder in the world.

You can also always find a different storage option outside what Birch Gold Group uses. You can use a storage facility nearer to your home if there is any. You can also use a personal safety deposit box if you prefer.

What IRAs do Birch Gold Group offer?

You can get both Silver and Gold IRAs.

How much do customers spend in metal IRA fees?

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. Annual fee for storage and insurance is at $100 and annual management fee is at $75.

On transfers greater than $50,000, customers can get their first year's fees for free.

How do I get started on gold and silver IRAs?

You can contact Birch Gold Group to get assistance in starting a precious metal IRA. You can also request for a Free Info Kit from their website to get all the information needed to get started.

Because this type of account can take some study to understand if you aren’t familiar with it, 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 and 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.)

Is Birch Gold Group available worldwide?

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 opportunities for ROI, they are not able to please everybody.

Online ratings for the company are a mix of positive and negative.

Although just about 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 … another reason we went with Augusta Precious Metals as our top choice.

Birch Gold Group Review 1
Birch Gold Group Review 2
Birch Gold Group Review 3
Birch Gold Group Review 4

Birch Gold Group Trust Ratings (Updated September 2022)

BBB Rating

It appears that their BBB rating has slid from 4.84 out of 5 to just 4.69 out of 5. Furthermore, the amount of customer reviews on BBB has DROPPED from 77 to just 65. Why were 12 reviews removed? Here, take a look:

April 2022 Rating:

Is Birch Gold Group A Scam BBB rating

September 2022 Rating:

Birch Gold Group BBB Rating Updated September 2022

Were those 12 reviews removed because they were FAKE? After all, it appears that their rating dropped after those reviews were removed... which would indicate that those reviews gave them a high rating, right? Seems a little fishy, doesn't it?

Moving on...

Consumer Affairs Rating (September 2022)

Birch Gold Group Consumer Affairs Rating Updated September 2022

Still holding out at a relatively solid 4.8 out of 5 on Consumer Affairs...

But those BBB reviews getting removed is still enough to weird ya out.

Trust Pilot Rating (Updated for September 2022)

As of the beginning of September 2022, they have an average rating of 4.8 4.9 out of 5 based on 119 124 reviews:

Birch Gold Group Trustpilot Rating Updated September 2022

Trustlink Rating (Updated September 2022)

Birch Gold Group Trustlink Rating Updated September 2022

They have received an additional 3 reviews on Trustlink as of September 2022 , bringing it up to 129 reviews, and their rating is still clocking in at 5 out of 5.

But really, what happened to those 12 BBB reviews that vanished? Why were they removed? Freaky stuff...

Moving on...

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 actually received mixed reviews regarding its customer support.

There are people who say they 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 certain complaint also said that the company seem to avoid responding through email and putting things into writing.

By contrast, Augusta reviews are almost always positive, with customers raving about the service they received. This explains in part why we chose Augusta as our number-one pick of all the gold IRA companies we reviewed.

Are there better options?

Birch Gold Group is a credible company but it is not perfect. The bad reviews that came out in the last year is hard to ignore.

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 a number of BBB complaints in the last year but the company has faced these angry clients by responding to their complaints on the BBB website.

Nevertheless, you should read the reviews for yourself so you can understand whether or not this company adheres to your personal standards.

It’s true that there are many other companies providing the same services as Birch Gold Group, like Augusta Precious Metals but each one of these companies has something unique to offer.

In the end, it’s up to you to decide which ones would suit you best. Understand the risk factors and compare the pros and cons of each company so you can find which one fits your standards best.

Pros and Cons of Birch Gold Group

Pros

  • They are a BBB-accredited business.
  • They are experienced in the field of precious metals.
  • No fees on the first year IF you deposited at least $50,000

Cons

  • There are accusations of them giving clients misleading information.
  • They have fees with undisclosed prices.
  • They had quite a few positive BBB reviews removed apparently.

Do I Recommend Birch Gold Group?

Birch Gold Group is not a scam. In fact, it is a pretty credible company. But there are other options, like Augusta Precious Metals if you want someone with a squeaky clean record that's free from complaints.

The bad reviews that Birch Gold Group received in the past year can be a little scary to some people and impossible to disregard. Still, you can choose to give them a chance.

Besides, they had tons of happy customers in the past who were satisfied with the service. It would just be better if you do a heavy research on your own on the subject of gold investing before you contact any rep.

When you do, you may find, as we did, that one other company stands above the rest: Augusta Precious Metals.

Final Verdict: Not a SCAM

Birch Gold Group is legit. You can give it a try but just keep in mind the BBB complaints filed by its clients.

If you want to work with a company that has few if any complaints and a solid amount of top 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, as far as metal investment is concerned.

Thank you so much for reading my "Is Birch Gold Group A Scam?" review! If you have any questions or comments, please fell free to leave them below in the comment section!

Make it a great 2022!

Check out my other reviews here!

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