Birch Gold Group
Business Consumer Alliance Rating10/10
- Great Customer Service
- Free investment kit
- High markup on fees
- CEO linked to adult entertainment industry
- No direct method to open an account online
- Promotes numismatic coins over bullions
Our Birch Gold Group Review
Birch Gold Group is located in Burbank, CA and was founded in 2003. The company offers gold, silver, platinum and palladium for physical possession or for purposes of placing in IRAs. The mission of Birch Gold is designed to help protect their clients from an unstable economy by owning precious metals physically or in their retirement accounts.
Even though there are numerous precious metal companies out there, not all of them are created equal. This is why, I decided to perform extensive research on the pros and cons of investing your hard earned money in Birch Gold Group. I have focused on the background of the company, customer service, trustworthiness of doing business with them and the gold IRA abilities of Birch Gold Group. My extensive research revealed a lot of information, which can be quite useful to anyone planning to purchase physical gold or go for a gold IRA with Birch Gold Group. Below are the vital facts of my research.
First things first, there are several factors that make me worried about investing my hard earned money in Birch Gold Group. This doesn’t mean that you should avoid the company altogether. But one of the main issues with Birch is the lack of information and reviews on the net. There are not many real customer reviews about the company to be found on the internet. Even the official website doesn’t have many testimonials compared to the more established precious metal companies. One reason for this can be their history in the precious metal market. They started business in 2003, which is not a very long history when compared to the more credible companies on the market. But there are some positive aspects of the company too.
The credibility and trustworthiness of the company is of top notch. They have an A+ rating with the Better Business Bureau (BBB). Birch Gold Group doesn’t have any complaints with the BBB since March, 10th, 2013. This is a great feat achieved by any precious metal company for that matter. The A+ rating confirms that the company is not a scam by any means. The company has a FIVE STAR rating with TrustLink.Org. This is based on 49 reviews received by the group. This is another feather in the cap of Birch Gold Group. The company has an AAA Rating with the Consumer Business Alliance (CBA), but it is without any customer reviews, which is a bit strange. These factors will reassure the credibility of the company. You don’t have to fear doing business with the company based on the above factors. But, the credibility is not everything when it comes to choosing a reputed precious metal company. There are many other important factors to consider. Keep on reading to find out about these factors.
I got a good feedback when I called the company representative to find out about their products and services. The customer service agent was very helpful and was prepared to advise me on the best options of investments within the company. This is why I rate the customer service of Birch Gold Group so highly. The products of the company include gold, silver, palladium, platinum, bullion coins, numismatic coins and precious metal IRAs. The company usually keeps a higher markup on their numismatic gold and silver coins. Many reviews on the net confirms that the company is keeping at least a 30% markup in selling silver and gold coins. This is one of the disadvantages of the company compared to other established precious metal companies.
Birch Gold Group will ship precious metal securely to most of the destinations around the globe. They will insure their products and use only the top quality courier companies in shipping their products. There are facilities to store your precious metal with the company in their vaults, which are hired from third party companies. You can visit the website of the company and get in touch with one of their customer service agents in purchasing precious metal from the company.
The Pros of Investing With Birch Gold Group
The major benefits of Birch Gold Group include the credibility of the company. The ratings with BBB, BCA and TrustLink are some of the best in the industry. The customer service of the company is top notch. Their customer service agents will pick up the phone within three rings and assist in finding solutions to the customer problems. They are extremely helpful and professional in handling clients. This is one of the main reasons of the high popularity of Birch Gold Group among its customer base. The reputation of the company is good. They have more than 10 years of experience in the industry, which is fairly OK for a precious metal investment company.
The Cons of Investing With Birch Gold Group
The disadvantages include selling silver and gold coins with a 30% markup, strongly promoting investments in numismatic coins which is somewhat risky for a new buyer, lack of information on the company since the only place where you can get information about the company is the BBB and BCA and the relative short history of the company in dealing with precious metals. One more disadvantage is that the CEO of the company is linked to the online adult entertainment industry. These are some of the disadvantages of investing in Birch Gold Group.
Even though the company has gold IRA possibilities, it is not highly streamlined as in other established precious metal companies. Birch Gold Group encourages their clients to invest in gold IRA accounts. But the charges involved are much higher than the best gold IRA rollover companies in the industry. This is why, you need to be cautious when rolling over your 401K to a gold IRA with Birch Gold Group. You will have to perform more research on the subject if you are planning to convert your 401K to a gold IRA with Birch Gold Group. There is not much information or reviews about them on the internet. Hence it is better to do your own research before deciding on such an action.
Our Recommendation For A Gold IRA Company
Since Birch Gold has the high markup on fees and the CEO is involved in the online adult entertainment industry we can not recommend them. We highly recommend Regal Assets. Regal Assets is a top notch Gold IRA Company. They have stellar reviews and a remarkable reputation in the precious metals industry. Regal Assets specializes in gold IRA’s as well as having top reviews by customers and industry publications like Inc 500 and Forbes. You can read our Regal Asset Review for more information.