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
Name: Birch Gold Group
Website: Birchgold.com
CEO: Laith Alsarraf
Account minimum: $25,000
Price: Varies depending on your investments
Rating: 4/5
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.
Birch Gold Group Products
Birch Gold Group possesses a comprehensive and extensive catalog of precious metals for you to purchase and invest in.
Currently, Birch Gold Group offers gold, silver, platinum, and palladium products. Furthermore, these products are in various forms, such as bullion, numismatics, proof coins, and IRA-eligible products.
Among them are the following:
- American Buffalo Gold Coin
- American Gold Eagle (proof)
- America the Beautiful Silver Coins
- American Silver Eagle Bullion Coins
- Australian 1/4 oz Platinum Florin
- American Platinum Eagle
- Canadian Palladium Maple Leaf
- Palladium Bars and Rounds
Besides providing precious metals for investments, Birch Gold Group offers excellent IRA services. Although they are not an IRA custodian, Birch Gold Group partnered with several IRA custodians to provide custodial services.
Two of them are Equity Trust Company and STRATA Trust Company, which are both renowned in the investment landscape.
Apart from this, Birch Gold Group also works with various depositories to provide storage services for the IRAs of their clients. These companies include Delaware Depository, Brinks Global Services, Texas Precious Metals Depository, and International Depository Services.
Purchasing gold and other precious metals as an investment has a lot of advantages, including their ability to become a hedge fund against inflation!
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 must 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 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
Name | Price |
|---|---|
Annual Admin Fees | $75 |
Initial Setup Fees | $120 |
Annual Storage Fees | $100 (Flat rate) |
Preferred Depository | |
Minimum Purchase Amount | $10,000 |
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.
Goldco 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.
Although there are other ways to invest in your IRA, precious metals are one of the best investments that you can do because of its advantages.
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.
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 October 2023)
- BBB - 4.58 out of 5 rating, A+ rating, BBB accredited based on 140 reviews
- BCA - 5 out of 5 rating, AAA rating based on 7 reviews
- Consumer Affairs - 4.9 out of 5 rating based on 126 reviews
- Trustpilot - 4.4 out of 5 rating based on 146 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 Goldco, 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
Pros
Cons
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 Goldco.
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
Is Birch Gold Group a scam? No. It 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!
The annual custodial + depository fee its $200, according to my current information.
Thanks for the heads up, we will update that asap, thanks!