SchiffGold Review (Is This Company Legit?) (UPDATED November 2025)

welcome to the YourIRAGuide.com SchiffGold Review!

Precious metals seem to be already catching the attention of countless people. Gold IRA in particular, which is a good option for investors who want to diversify their retirement portfolio and protect their assets from inflation.

Unfortunately, some firms have been trying to use these opportunities to profit rather than actually help these people. Precious Metals and Gold IRA scams cost unwary investors millions of dollars each year.

SchiffGold founder Peter Schiff, a well-known economic contrarian and longtime “goldbug,” started his own company in 2010 in part to remedy the situation.?

We have seen lots of readers ask the question: Is SchiffGold legit? Does this company have a positive reputation? Has it actually lived up to its promise? You’re about to find out in this SchiffGold Review!

But if you want to know immediately our top-recommended precious metals company, click here!

SchiffGold Review Quick Summary

Name: SchiffGold

Founder and CEO:?Peter Schiff

Price:?Varies depending on your investment

Fees:?$180 per year (storage)

Rating: 3.4/5 on TrustPilot (based on 3 reviews as of November 2025)

What is SchiffGold?

SchiffGold is a full-service precious metals dealer and firm based in New York. The company offers a variety of gold and silver products, bullion, coins, and ETF’s. SchiffGold was founded by Peter Schiff back in 2010.

The company actually was originally called Euro Pacific Precious Metals when Peter Schiff founded it on 1996. It was rebranded as SchiffGold on October 2014.

SchiffGold is a member of the London Bullion Market Association (LBMA) and the New York Mercantile Exchange (NYMEX). These two are vital for gold and silver trading as they contribute to efficiency and liquidity in the market.

The company’s range of services and products to offer is a bit limited, compared to its competitors. It mainly focuses on precious metals. That is why it markets itself as a worldwide bullion provider.

Nevertheless, the company is popular among investors as its precious metals, industry-standard coins, as well as Gold IRA’s are among the best in the market.

What Is a Precious Metals IRA?

A precious metals IRA is a type of self-directed individual retirement account that lets you hold physical gold, silver, platinum, or palladium instead of traditional paper assets like stocks and bonds. These accounts follow the same IRS rules as a regular IRA, but they allow you to diversify your retirement savings with tangible assets that can serve as a hedge against inflation, market volatility, and currency risk.
Traditional and Roth IRAs.

You can choose to hold your precious metals in a traditional IRA, which grows tax-deferred (but is subject to required minimum distribution rules, or RMDs, later in life). Or you can elect a Roth IRA, which allows your account value to grow tax free, (provided the asset has been in the account at least five years), and is not subject to RMDs. You can let your Roth grow tax-free as long as you live.?

When you open a precious metals IRA with SchiffGold, your account is set up through a?custodian,?a financial institution approved by the IRS to manage self-directed retirement accounts.

You then purchase IRS-approved bullion or coins through a dealer like SchiffGold. Your custodian arranges for the metals to be stored in a secure, IRS-approved depository. The metals stay in that vault under your IRA?s name until you sell them, transfer them, or take a qualified distribution in retirement.?

Unlike buying gold or silver for home delivery, metals held in an IRA must meet federal purity standards (for example, gold must be at least 99.5% pure) and must remain under custodial control to maintain their tax-deferred status. This structure lets you enjoy the long-term tax advantages of an IRA while adding the stability of physical assets to your retirement portfolio.

You also cannot take physical possession of your precious metal IRA assets. If you want physical possession, you cannot use your IRA to purchase them.?

About SchiffGold

SchiffGold’s founder and Chairman of the Board SchiffGold is Peter Schiff. He is a renowned financial commentator, author, and investment broker. Moreover, he is the Chief Global Strategist of Euro Pacific Capital, Inc. and the host of The Peter Schiff Show.

He’s also the author of several books, including “The Real Crash: America’s Coming Bankruptcy,” “Crash Proof 2.0,” and “How the Economy Grows.

Peter Schiff is well-known for predicting the devastating 2008 crash and financial crisis. He has also accurately forecasted eleven of the last five recessions.

Gold and other precious metals have long been considered a bulwark and safe haven during times of significant economic upheaval. Schiff has long recommended a substantial allocation to precious metals as a way to diversify investment portfolios against stock market, inflation, and interest rate risk.?

In 2016, Schiff sold SchiffGold to Goldmoney, but remained involved as the company’s chairman.

SchiffGold Executive Team

SchiffGold’s executive team is profiled here.?

Interestingly, except for Schiff himself, the company does not provide the last names of its senior team members. Only their emails. We regard this as a curious omission, and one that does not serve the company’s stated objective of furthering transparency and accountability.?

SchiffGold Products and Services

SchiffGold offers a large variety of precious metals, coins, bullion, and bars.

Specifically, the company sells industry-standard American Eagles, Canadian Maple Leafs, Australian Kangaroos, Austrian Philharmonics, and South African Krugerrands.?

Note: South African Krugerrands are not eligible for gold IRA or precious metals IRA accounts. They aren’t manufactured with sufficient purity to meet the standard for non-U.S.-minted coins.

Numismatics and Collectibles

All gold IRA investors should understand the difference between numismatics and bullion.

Numismatics refers to coins, bars, and rounds that are primarily traded based on their collector’s value, which is determined by subjective criteria such as beauty, rarity, or historical significance.

Bullion, in contrast, is a standardized product traded based primarily on the actual metal content of the coin itself.?

Unlike some other gold IRA companies, SchiffGold does not sell numismatics. These products are not suitable for gold IRAs and silver IRAs because pricing is inconsistent, and they are difficult to value. Markups are high, and liquidating these coins can be challenging. The law prohibits IRAs and other tax-advantaged accounts from holding any precious metals other than bullion coins, bars, and rounds of sufficient purity, manufactured by national mints or those with specific industry certifications.?

• Precious metals bullion. SchiffGold offers a wide variety of precious metals bullion, including gold, silver, platinum, and palladium. Bullion is available in a variety of sizes, from small coins to large bars worth hundreds of thousands of dollars.?
• Precious metals IRAs. SchiffGold can help you open a precious metals IRA.?
• Precious metals storage. SchiffGold offers a variety of precious metals storage options, including home storage, third-party segregated storage in insured vault facilities, and allocated storage.
• Precious metals education. SchiffGold also offers a variety of educational resources on precious metals, including articles, videos, and webinars. Peter Schiff himself is personally very active in the media, providing regular commentary on gold markets and the economy.?

SchiffGold Fees

Here are the fees currently charged by SchiffGold and its custodian and depository facility partners:?

How to Buy Precious Metals from SchiffGold

SchiffGold made the process of buying precious metals from them as easy as possible. You can do that in these 4 steps:

1. Contact SchiffGold

First and foremost, you must contact SchiffGold. You can do that by giving them a call to ask for a precious metals specialist. You can also do so via a live chat on their website.?

This specialist will brief you about the company and will even offer you an outlook of the precious metals market. Your specialist will also provide you with personal advice and assistance on which precious metals are most suitable for your specific situation.?

2. Place your Order

You can place your precious metal order with SchiffGold in one of two ways:?

1. Shop directly through SchiffGold?s product directory and add items to your online shopping cart for checkout – just as you would for Amazon and most other e-commerce sites.

If you want the benefit of expert advice, you can also place your order via telephone with a SchiffGold Precious Metals Specialist. If you already have a designated point of contact at SchiffGold, you should reach out to your broker directly. If you haven?t yet connected with a specialist, you can do so here.

Once you have decided on the precious metals you want, your specialist will send you an email containing the details of your order. ?This includes the cost, shipping, and delivery or storage instructions, and of course, the payment instructions.

Look at this email carefully before you send money.?

3. Pay for the Order

You must make full payment by bank wire transfer or check at the time of the order. Schiffgold does not take payment by credit card.

Depending on your bank and location, SchiffGold usually receives payments via bank wire transfer within 24 hours.

If you pay by check, expect SchiffGold to wait five business days for checks to fully clear before shipping your order.?

Note: At one time, SchiffGold accepted payments via Bitcoin as well. However, as of November 2025, the company it has taken down its link with bitcoin payment instructions.?

4. Shipping

You can ship your order via the U.S. Postal Service, FedEx or UPS. Packages are fully insured through Lloyd’s of London.

Timeline: Order processing typically takes 1 to 2 business days and shipping usually takes 2 to 4 business days.

Secure Vault Storage Services

To secure their clients’ precious metals, SchiffGold also provides vault storage services via Transcontinental Depository Services, LLC, a reputable storage company with facilities in Las Vegas, Nevada, Toronto, and Singapore.?

Transcontinental offers 24/7 security, as well as full-time vault guards to ensure your precious metals’ protection. Both allocated and segregated vault storages are offered.?

Segregated storage is preferable, as your assets are not commingled with those of other investors. This ensures that the metals you purchased are the same metals that are sold when it’s time to liquidate your holdings.?

You can expect your costs for segregated storage to be $180 per year as of 2025. That’s in addition to your annual custodial fees.

Sell Your Precious Metals to SchiffGold

SchiffGold actively buys precious metals. Whether you bought the metals from them or from another company, SchiffGold is generally willing to buy bullion from reputable mints. You can even sell products that are not listed on SchiffGold’s website as available for sale.?

Do not worry if you are selling a product that is not shown on SchiffGold’s website. ?

How to Set Up a Gold IRA Account with SchiffGold

1. Establish the Account

To set up a gold IRA, ?contact SchiffGold directly. They will send you an email with links that will redirect you to two of their partner custodians.

Your IRA fees may vary depending on the custodian you choose.

All paperwork must be submitted through e-mail, fax, overnight courier, or standard US Mail.?

There is typically a one-time up-front charge to set up your account.

Once your IRA is set-up, the custodian you chose will contact SchiffGold so that you can start purchasing precious metals from the company and fund them to your IRA, account.

2. Fund Your Account

Once your account is set up, it’s time to transfer money to it.?

You can do so in three ways: Make a new contribution, execute a trustee-to-trustee transfer, or do an IRA rollover.?

New Contributions

You can fund your account directly by wiring money to it or writing a check. However, the law restricts new contributions to IRAs to $7,000 a year, or $14,000 for married couples. Those over age 50 can contribute another $1,000 each in “catch-up contributions.”?

Note that this may not meet SchiffGold’s minimum investment limits. Speak with a SchiffGold precious metals specialist for information on how to contribute new money to your new gold IRA while still meeting their minimum investment requirements.?

Trustee-to-Trustee Transfers

The second, more common way to fund a gold IRA account is to fill out the paperwork authorizing SchiffGold to conduct a trustee-to-trustee transfer.?

In this process, you provide SchiffGold with the account information on your current IRA or 401(k).

SchiffGold will then request your current IRA custodian to transmit funds directly from your old account to your new one.?

This is the easiest and most reliable method for funding a new gold IRA account.?

Gold IRA Rollovers

A third method, less often used today, is for you to conduct a rollover.?In this case, you would direct your current custodian to transfer funds to you, by check or by wire. You then have 60 days to complete your rollover by depositing these funds in your new IRA account.

If you don’t complete your transaction in 60 days, the IRS will deem your withdrawal to be a taxable distribution, and you’ll face potential income taxes and penalties on the amount you withdraw.?

By law, you can only execute one IRA rollover per year.?

Beware the IRS 20% Withholding Tax Trap

If you choose the rollover option, your old custodian is generally required to subtract 20% of the amount you withdraw and forward it to the IRS against potential future tax liabilities. What’s worse, if you don’t make the 60-day rollover deadline, you’ll also face potential income taxes and penalties on the entire amount of your withdrawal.?

That includes the amount withheld.?

Oof.?

Note: There’s no 20% withholding requirement on trustee-to-trustee transfers, another advantage to conducting a trustee-to-trustee transfer.?

SchiffGold Home Storage Solutions

For those who want to store precious metals at home, SchiffGold also sells various types and sizes of safes.?

Warning: Do not attempt to store any precious metals held in the name of your IRA at home, or anywhere else other than in an approved depository facility.?

Market Analysis and Research

SchiffGold does not only provide you with the products and services to help you in your investments. It also provides you with the necessary knowledge that can help you make wiser and smarter investment choices in the future!

Its website has a Research and Analysis section, which contains all kinds of information such as updated price charts, commentaries, and finance articles.

For those of you wondering, yes this information is legit. The owner, Peter Schiff, also has a blog which you can check out. Peter is highly knowledgeable in finance and the precious metals industry.

Employment Opportunities

At the time of writing this SchiffGold Review, the company is actively looking for Junior Brokers.

This is the perfect role to get financial industry and sales experience and learn from professional brokers. You’ll spend a lot of time making cold calls. But if you stick with it, you’ll eventually form relationships with precious metals buyers, and earn more and larger commissions. Income potential is unlimited. But you may experience some lean early months while you build your business.?

Estate Sales

SchiffGold buys gold, silver, precious metal coins, and bars from estate sales, probate courts, ?executors, and heirs. They also purchase large lots of jewelry in the greater New York City area, New Jersey, and northern Delaware.

The company will professionally appraise your assets and will then send you a quote. There’s no obligation. ?

SchiffGold Pros & Cons

Pros

• Offers high quality precious metals
• Low prices
• Offers IRA services
• All orders are fully insured

Cons

• Very few online reviews
• Little visibility into the senior management team, other than Peter Schiff himself

Who Should Consider SchiffGold??

With so few reviews to go on, it’s tough to say for sure. But based on their management team and their publicly available information, SchiffGold may be a good choice for those who value clear pricing, direct communication, and who want to own bullion rather than collectibles/numismatics.

If you’re comfortable managing your own custodian relationship, want to avoid high-markup numismatic coins, and prefer to speak directly with a specialist, SchiffGold is a solid choice.

The firm appeals especially to those who share or respect the economic philosophy of founder Peter Schiff?investors who see precious metals as essential insurance against inflation and fiat-currency risk. With its transparent emphasis on bullion, competitive premiums, and partner vault options, SchiffGold is a promising choice for savvy self-directed IRA investors who prioritize value, clarity, and control over shiny collectibles and celebrity endorsements.

Who Should Consider Alternatives?

SchiffGold may not be the best fit for everyone. ?No gold IRA company is.

If you?re relatively new to precious metals IRAs and prefer a turnkey experience with bundled rollover support, multiple storage options, and mobile account dashboards, then you may want to look elsewhere, especially if you?re less familiar with the self-directed IRA process.

Is SchiffGold Legit?

SchiffGold is a legitimate company that serves its clients truthfully and sells gold, silver, platinum, and palladium bullion suitable for precious metal IRAs at a very competitive cost relative to its peers.

The company is owned by Peter Schiff, a renowned author, investment broker, and expert in the world of precious metals.

Thank you so much for reading my SchiffGold Review! If you have any questions or comments, please feel free to leave them below in the comments section!