Birch Gold Group Review

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Contributor, Benzinga
October 10, 2023
Birch Gold Group
Overall Rating:
securely through Birch Gold Group's website

As fears associated with COVID-19 ricochet throughout the world, investors everywhere have sought means to protect themselves against the unknown. Although stocks and bonds represent the bulk of retail investment portfolios, even blue chips and government debt lack guarantees of survival.

This is where Birch Gold Group enters the frame. The underlying asset has a provenance that stretches over 5,000 years. Combined with Birch’s long track record and excellent reputation, the company offers robust precious metal investment services.

Pros
  • Gives investors access to precious metals.
  • Hard asset IRA availability.
  • Birch Gold Group's deep-rooted history delivers trust.
Cons
  • Gold and other precious metals carry unique risks.

Birch Gold Group Ratings at a Glance

Birch Gold Products Offerings
Pricing
Storage Options from Birch Gold
Customer Service
Overall Rating

As rare physical assets with an established history of universal value, gold and other precious metals typically garner demand during periods of fear and uncertainty. Frankly, you probably couldn’t have a riper environment for gold than right now. From the pandemic to social unrest to political upheaval, the troubles keep piling on. However, the price of gold has long been seen as an almost unbreakable stalwart that brings value to investors.

But as a precious metals dealer, Birch Gold Group answers the needs of worried investors through its bullion brokerage, retirement planning and metals storage services. Most importantly, the investment community trusts Birch Gold, leveraging a reputation the competition can only dream about.

History of Birch Gold Group

Established in 2003 and headquartered in Burbank, California, Birch Gold Group comprises a dynamic team of former wealth managers, financial advisors and commodity brokers, all with a mission to educate the public on alternative investment vehicles and offer the right solutions for individual needs.

With nearly two decades of experience investing in and monitoring gold prices, Birch levers two of the most critical elements in the precious metals industry: a long track record of success and trust among investors. True, all consumers seek a trusted brand but the pitfalls associated with the gold market make this a vital attribute.

For one thing, you’re dealing with physical commodities. If you become a victim of fraud in this space, it’s harder to get your money back. Moreover, the underlying product carries a counterfeiting risk. In 2019, Reuters reported that nefarious actors engaged in high-level forgery of gold bars, putting a black eye on the entire bullion industry. Gold mining companies are struggling to maintain output, and gold content would lead you to believe that the sector is crumbling. That, however, is not the case. You simply need to be careful when you take exposure to gold, buy physical gold, collect gold bullions coins or other invest in gold.

To protect yourself against scams, you should always conduct business with trusted precious metals dealers. That’s exactly what Birch Gold is — continuing to provide excellent service and solutions for investors seeking wealth management and protection.

Birch Gold Products Offerings

Birch Gold offers the full range of physical precious metals — gold, silver, platinum and palladium. Further, Birch Gold offers these metals in various weight categories. While gold generates the most headlines, other metals such as palladium may offer better returns due to their scarcity. Birch puts the decision-making process in your hands, facilitating an excellent breadth of choices.

Finally, Birch sometimes provides product offerings you can’t refuse, as Benzinga discussed in its report, “Birch Gold Group Adds a New Shade to Black Friday with Free Silver.”

Birch Gold Group Pricing

As with any precious metal investment and custodial service, you must pay a fee for the privilege and protection of holding your IRA with Birch Group. One-time fees include an account setup cost of $50. Also, you must pay a wire transfer fee of $30.

For recurring costs, clients must pay a storage and insurance fee of $100 and management fees of $80. In addition, for transfers over $50,000, Birch will pay your first year’s fees.

Perhaps the best reason to join Birch Gold is that you will not be charged on a percentage value of your assets under custodian care. In other words, the annual total of $180 will not change, irrespective of your account value.

Birch Gold recommends a minimum $10,000 investment to open your retirement account, which may be on the high side for some people. Competing services offer a lower minimum to start.

Storage Options from Birch Gold

Birch Gold has partnerships with two companies for storage solutions: Delaware Depository and Brink’s Global Services. Both are highly trusted institutions, storing your precious metals in extremely secure vaults. Additionally, you have the peace of mind of insurance throughout the shipment-to-storage supply chain.

Moreover, under these storage and custodial services, you have the confidence of independent verification of your precious metal holdings. Further, with Brink’s, the company regularly performs audits, ensuring compliance with all U.S. tax laws regarding IRA accounts.

Customer Service

Out of all Birch Gold’s attributes, arguably the most important for prospective clients is customer service. Here, the company ranks very highly, with the Better Business Bureau rating it an A+. From its 83 customer reviews, Birch received 4.9 stars out of 5.

Other consumer advocacy resources that have written a Birch Gold Group review have also reported strong consumer satisfaction. What makes the company stand out from its rivals is that its customer service team helps direct potential clients to the most appropriate investments for their needs and goals.

Since many investors are unfamiliar with precious metals relative to commonplace blue-chip stocks, Birch educates the public on this viable market, which has its own significant value.

Birch Gold Group Overall Rating

Birch Gold Group offers a valuable service through education in gold and precious metal investments, as well as convenient services regarding bullion purchases and retirement management. Remember, this goes beyond buying into gold stocks. American gold coins, gold bullion bars, gold Brittania and many other collectibles allow you to diversify while creating an impressive spread to display or store.

Birch Gold Group vs. Competitors

The performance of gold depends on external factors, but you also need to look at gold coin prices, gold production and portfolio risk choosing the right gold company to work with. Check out the competition, compare them to Birch Gold Group and make a decision that best suits your investment purposes.

Frequently Asked Questions

Q

What is the minimum investment?

A

Birch Gold does not specify a minimum investment. However, the company recommends clients start with an account value of at least $10,000.

Q

Can I store the gold in my home?

A

If you purchase from Birch Gold, but not in an IRA, you are welcome to do whatever you want with your metals — including storing them in your home. But if you purchase from Birch Gold for use within your IRA, they metals must go into a 3rd-party depository. Birch does not give IRA customers another option other than this.

Q

Is Birch Gold Group a reputable company?

A

Yes, Birch Gold Group is a reputable company with an excellent reputation for providing high-quality products and services. They have been in business for over 10 years and are a member of the Better Business Bureau with an A+ rating.

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Joshua Enomoto

About Joshua Enomoto

His distinct writing style of distilling convoluted data into relatable and compelling narratives has earned him recognition among several investment-related publications.