Is Birch Gold Group A Scam? (2024 March Review)

March 3, 2024

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?  

In this recently updated review, we will thoroughly examine Birch Gold Group to see what they offer and whether they are reliable or a scam.

Please use this menu to quickly navigate through the review.

Birch Gold Group Video 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

Is Birch Gold Group A Scam Logo

What is Birch Gold Group?

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

Delaware 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.

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.

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

How do customers get their purchased bars and coins?

Purchased items will be shipped to the customer, and there will be shipping fees for purchases below $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 prices.

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 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.

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. 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.

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 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.)

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

Birch Gold Group Trust Ratings (Updated March 2024)

  • 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.

Pros and Cons of This Precious Metals Company

Pros

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

Cons

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

Is Birch Gold Group A Scam?

No Birch Gold Group 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, 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.

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.

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.

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Anis is a digital marketing expert that enjoys writing blogs and helping people avoid scams online; he is passionate about investing in real estate and gold; in his free time, Anis loves playing football, going to the gym, and hanging out with friends.


By the way, if you are tired of scams and want to invest with a legit gold company, check out my 6 top legit gold IRA companies of 2024!

Anis

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  1. I feel the scam is in the custodial fees. They indicate the third party facilities fees they use to house the metals are a "pass thru".

    That's a inordinate amount of money to "manage" the back office.

    For the small (minimum account amount) – this may be a losing proposition. The fee's are greater than the current gains/market movements.

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