Schiff Gold Review 2023 – Scam Investment or Not?
Read our full review on this gold company
The best about Schiff Gold
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They provide safe vault storage
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Cryptocurrency may be used by investors to purchase gold and silver.
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Get Market Analysis educational materials directly from their website
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Schiff GoldBefore we get started with this review:
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It is difficult to pick a company you can trust with your hard-earned savings. We understand this, and that is why we create useful information to give you as much knowledge as possible before you make a decision.
To make comparing and choosing a company best suited to your needs as easy as possible, we have created a list of our highest recommended investment companies.
>>CLICK HERE to read our list of the top gold investing companies.<<
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Schiff Gold Review
Schiff Gold offers several products and services, with the top being precious metals such as coins, bullions, and bars. Whether you are looking to sell or invest in precious metals, Schiff Gold will get you the best deals in the market. The market reputation of Peter Schiff is one thing to consider here, he has built quite a stellar career in this industry with his team, which is made of industry specialists that are dedicated to providing quality services to their clients.
Even though Schiff Gold has been in the market for more than a decade, its lack of reviews has made it near-impossible to tell the perfect story about the company. They have a few reviews on Yellow Pages and on Google, but none on Trustpilot and Better Business Bureau (BBB). The company has not gotten any recognition from BBB and has no profile on Trustlink. However, you can find some clients’ testimony on the company’s website. Another oddity about the company is that its products are not listed online. To get a price quote you have to contact the company's representative to request a purchase.
Our Rating categories
Our review of Schiff Gold Gold IRA will over the following categories;
- Product range and Services
- Pricing
- Customer care
- Company reliability
- Customer reviews
Schiff Gold Review
Schiff Gold (formerly Euro Pacific Metals) is a full-service, precious metals dealer that specializes in industry standard coins and precious metals and also offers services such as precious metals storage and physical gold IRAs.
Nevertheless, it is important to note that the range of Schiff Gold services is limited due to the fact the company's business model is heavily skewed to only deal in high-value precious metals, which is one of the reasons the company is a sought-after dealer of the most popular bullion around the world.
In addition to that, the company owes its reputation to its founder Peter Schiff, an economist that has built a formidable career as a bullion specialist together with his team of industry experts.
Review of Schiff Gold: Overall Rating: 3/5
Schiff Gold Pros & Cons
Benefits
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The company is made up of a trustworthy and knowledgeable team of advisors.
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They claim to offer the best pricing in the market.
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They offer fast delivery of physical products to their clients.
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Their orders are fully insured in case of loss.
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They assist their clients in buying and selling precious metals.
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They also offer assistance on Gold IRAs rollover.
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They handle the safekeeping of precious metals for their customers.
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They provide rich resources and timely release of market reports and forecasts.
Disadvantages
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A limited number of products offering compared to competitors.
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High tough policy against the collection and acquisition of numismatic coins.
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The company has little to no reviews on an independent third-party website.
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Lack of an e-commerce option on their website.
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Customers have to get in touch with representatives before they can purchase any product.
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Product information is not available on the website.
Schiff Gold Review: Key Summary
| Experience | Schiff Gold has been in the market for more than a decade and offers high-quality precious metals and gold IRAs. |
| Website | Schiff Gold has an easy-to-navigate website with a dedicated page for first-timer and a market research section. Check the website here. |
| Client Education | The firm provides a first-timer kit on its website and also has a dedication section on its page for market analysis. |
| Customer Service | Schiff Gold offers a personalized service to its wide network of customers. |
| Available Precious Metals Offer | They offer several high-grade precious metals such as gold and silver and gold IRAs. |
| Annual Fees | The company provides little to no information on fees or costs but claims to offer the lowest price in the market. |
| Trust link Rating | They currently have no profile on Trustlink. |
| Consumer Alliance Rating | Not rated on the Consumer Alliance Rating. |
Product Range and Services
With Schiff Gold, you get many options when you want to purchase precious metals and invest in gold IRAs, which provide a safe plan for your retirement life. You can also roll over your 401(k) into a gold IRA with the assistance of a representative. The company also offers a buyback program even if you have not initially bought from them though they frown at numismatics because of the illiquidity it suffers in the market.
Schiff Gold Services
You have several options to choose from with Schiff Gold. They can help you walk through your first precious metal investment. Although the company lack independent third-party reviews, the testimonials found in the review section of its website show that the company will go far and beyond to ensure you have the best item in your asset and also help you understand its services.
Schiff Gold has numerous qualities tailored to your investment needs. Some of them include gold bars, coins and self-directed IRAs that are backed with gold and other precious metals, but they do not indulge in numismatic collectables. Whether you are a beginner or intermediate investor, the firm's representative is on-hand to walk you through your investment options.
Additionally, Schiff Gold can help you easily roll over your 401(k), Traditional and Roth planning, and Simple and SEP IRA planning. The kind of securities that can be added to your IRA is heavily monitored by the IRS to ensure safe practices, given their expertise and reputation, Schiff Gold is a great choice when looking for an industry expert to grant you access to good quality IRA.
An investment in gold or silver-backed IRA protects your investment from inflationary conditions that could impact your portfolio. Precious metal-backed IRAs are government-approved retirement securities that are backed by gold, silver, palladium, platinum and other approved precious metals.
Lastly, Schiff Gold can assist you in planning your Simple IRA and SEP IRA to make the most of your retirement account. As a business owner, a SEP plan will help you to have a simplified method to contribute to your employer's retirement plan as well as yours.
Pricing
Schiff Gold claims to offer the most competitive price in the market. When you set up your account, an investment specialist will work with you to determine your best options.
Schiff Gold Gold IRA Costs/Fees
Schiff Gold did not disclose any information regarding costs and fees on its website for its services. All these pieces of information are only available to investors who are interested in investing in the firm. An investor will need to contact the firm's representative to help in choosing the right investment option. After choosing, the investor will receive an email containing all the information about the total costs, fees, shipping information, package insurance, etc.
Minimum investment
There is no minimum investment information on the company’s website.
Customer Care
Schiff Gold consists of a team of experts that are available to help you answer your investment questions.
Schiff Gold Gold IRA Educational materials
Schiff Gold has educational materials and customized services. You can view their educational materials here or call their customer representative to answer whatever questions you have.
Company Reliability
Schiff Gold has been in business since 2010.
Schiff Gold Gold IRA Company history and background
Schiff Gold was founded in 2010 as Euro Pacific Precious Metals. It deals in precious metals such as bullion, bars, and coins. It was renamed to its current name in 2014. The company owes its reputation to its founder, Peter Schiff who has decades of expertise in the financial industry and collaborated with other industry experts to help investments increase their wealth through investments in precious metals.
Customer Reviews
Not much can be said about Schiff Gold. Nevertheless, the company's standard and reputation are closely tied to Peter Schiff as an honest businessman, which has been brought to the spotlight by other professionals in the industry as trustworthy.
Schiff Gold Gold IRA independent 3rd party customer reviews
The company currently has no independent third-party review.
Schiff Golf vs the competition
Schiff Gold
Best Customer Reviews
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Gold, Silver, Platinum & Palladium
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$10,000
$5,000 non IRA
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80$
80$ Annually
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$100
Annually
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A+
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AAA
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None
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Gold & Silver IRA
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$25,000
$3,500 non IRA
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$50 + $30
$100 Admin Annually
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$150 Segregated
$100 Non Segregated
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A+
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AAA
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Get 10% back in FREE silver
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Gold, Silver, Platinum & Palladium
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$50,000
$50,000 non IRA
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$50
$200 Admin Annually
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$125
Annually
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A+
-
AAA
-
None
-
Gold & Silver IRA
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$10,000
$2,500 non IRA
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$50
$180 Admin Annually
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Variable
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A+
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AA
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Free silver worth up to $5,000 on qualifying purchases
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Gold, Silver, Platinum & Palladium
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$10,000
$5,000 non IRA
-
80$
80$ Annually
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$100
Annually
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A+
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AAA
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None
Alternatives to Schiff Gold
If Schiff Gold IRA is not a cost-effective option for your needs, look at the two options below:
>>CLICK HERE to read our list of the top gold investing companies.<<
Alternative 1. “Augusta Precious Metals”
August Precious is a precious metal company that deals in the distribution of gold and silver IRAs for retirement IRAs. It is a popular firm amongst clients of retirement age. Augusta Gold IRA is a platform that allows you to invest in gold and silver. This is one of the best ways to invest in precious metals, because it’s not just about buying and holding physical bars of gold or silver. You can also buy coins, rounds, and bars. But there are a few things about this platform that investors should know before deciding to invest with them.
- BBB: A+ rating, 4.96/5 over 150+ reviews
- Trustlink: 5 stars from 283 reviews
- BCA: AAA rating, 5 stars from 95 reviews
- Consumer Affairs: 4.9 stars from 129 reviews
- Google Reviews: 4.9 stars from 290 reviews
Alternative 2. “Goldco”
If you’re looking for a way to invest in gold, then you should consider opening an Individual Retirement Account (IRA) with Goldco Gold. This company has been around since 2013 and is one of the best gold IRA providers on the market today.
Goldco Gold offers a wide range of gold products, including:
Gold bullion bars: These are available in 1 oz, 5 oz and 10 oz sizes. The bars are made from 99.9% pure gold and come with an allocated serial number that guarantees authenticity.
Gold coins: These come in various denominations and denominations, including 1/10 oz, 1/2 oz, 1 oz and 10 oz coins.
Gold certificates: These certificates can be redeemed for shares of stock in the company or redeemable at any point in time over two years. The company has top reviews from independent sources like:
- Trustpilot, 4.8/5 stars from 974 reviews
- Consumer affairs, 4.8/5 from 1,154 reviews
- BCA Rating: AAA
- BBB Rating: A+
- Google Reviews: 4.9/5 stars from 1,204 reviews
How to invest in Schiff Gold
- Create an investment budget.
- Select your preferred investment options.
- Know what you are getting.
Do We Recommend Schiff Gold?
Schiff Gold has been in the industry for more than a decade and has quite a good reputation due to its founder. However, the little to no review of independent third-party sites is the only drawback we have found. Given this information, the company is still worth giving a try.
Our Verdict : 3/5
Schiff Gold's FAQs
What is the minimum investment for Schiff Gold Gold IRA Precious Metals Gold IRA?
There is no minimum investment information on the firm’s website. Contact the customer representative to get a quote.
What type of metals should I have with my Schiff Gold Gold IRA?
Gold and silver coins, bars, and bullions, amongst others.
When would I be qualified for the Schiff Gold Gold IRA distributions?
When you are 59 years.
Is there a buyback program for Schiff Gold Gold IRA?
Yes! But not available numismatic collectables.
What storage options do I have with Schiff Gold Gold IRA?
Storage options vary by asset, and you will most likely be told of your options.
Why would I need a custodian to handle precious metals in my Schiff Gold Gold IRA?
A custodian helps safe-keep your precious metals in a secure location.
Who is the custodian of Schiff Gold Gold IRA Precious Metals Gold IRA?
Gold Schiff has different partners scattered across different countries to help with the safe-keeping of your precious metals.
How long will it take to roll over my IRA to the Schiff Gold Gold IRAs Precious metals Gold IRA?
A representative will work you through the rollover process.
