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Oxford Gold Group is a precious metals investment firm based in Los Angeles, California.
The firm provides self-directed precious metal IRAs and specializes in assisting you in achieving your retirement objectives by customizing investment strategies to meet your specific needs through acquiring precious metals.
For more than 20 years, Oxford Gold Group has been working directly with clients from all over the world, ensuring the highest levels of investment success and customer satisfaction.
Before we get started:
Inflation and rising interest rates has destroyed many people's savings. Many investors feel defeated and helpless, but you can fight back.
Gold and other precious metals have been used to protect against inflation for thousands of years. And when you hold physical in a tax-protected savings account, it gets even better.
Opening a gold IRA can sound complicated, but it's really not.
That is why we created a list of our most trustworthy investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.
Look to see if the Oxford Gold Group was selected to our "highest recommendation" list this year!
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Oxford Gold Group Costs
Precious metals investing can be attractive for various reasons, but it can also be more complex than typical investments. The storage and transportation of precious metals are one of the most challenging aspects of investing in them.
However, most firms that assist investors in buying and selling precious metals charge a fee for transportation and storage.
For Precious Metal IRA with Oxford Gold Group, you have to pay an annual maintenance fee that ranges between $175 to $275 per year – the fee depends on how much you have invested in the IRA.
However, if you intend to invest hefty amounts into your IRA, Oxford Gold Group offers rebates to offset the maintenance fees.
As for storage, the fees are determined by several factors, one of the most important being; the vault company that Oxford Gold Group engages for an account. Nonetheless, storage fees typically range between $175 and $225 per year.
Lastly, like with any other investment, commissions are also permissible for buying and selling precious metals. However, Oxford Gold Group does a decent job compared to some in the industry by not charging brokerage fees that are too high.
Products and Services
Oxford Gold Group has direct access to a wide range of precious metals, including gold, silver, platinum, and palladium. The company offers customers competitive prices on bullion and coins and reliable delivery service.
Oxford Gold Group partners handle what would otherwise be complex precious metals transactions by helping their clients formulate an investment plan with the appropriate amount of risk for the individual.
The company gets an edge in the market thanks to its commitment to providing its clients with detailed information about the markets for these metals so that they can make informed decisions.
Precious Metals Investing
Precious metals IRAs are self-directed retirement accounts that hold gold bullion and other IRS-approved precious metals. These investments appeal to investors concerned about the dollar’s potential depreciation or who wish to protect themselves against a stock market disaster.
Oxford Gold Group focuses on enabling investors to safeguard and build their investments by acquiring actual gold and silver as quickly and safely as they would a bond or stock.
What is a Gold IRA?
A gold IRA is an individual retirement account (IRA) that allows investors to invest in gold and other precious metals as an eligible retirement asset.
It gives you greater control over your money by allowing you to invest in gold bars, gold coins, and other precious metals such as platinum, silver, and palladium.
Gold IRAs are also commonly referred to as precious metal IRAs. They can be established with pretax assets or as a Roth IRA, funded with after-tax monies. These accounts, unlike conventional IRAs, involve the purchase and storage of actual gold.
As a result, gold IRAs necessitate the employment of a custodian to oversee the account’s management.
What is a Self-Directed IRA?
A self-directed IRA is an individual retirement account in which the account owner chooses the investments and strategies for managing the funds. This type of account is popular among those who want more control over their retirement savings.
Self-directed IRA accounts offer several advantages over traditional IRAs. Account-holders can select appropriate investments for their financial situation and needs.
Additionally, self-directed IRA investors can take advantage of cost averaging and diversification benefits to increase the stability of their returns.
Finally, self-directed IRA contributions are tax-deductible when made on a federal income tax return as long as the assets remain in the account until withdrawn.
There are several available types of gold IRA accounts, each of which provides its own unique set of advantages and disadvantages.
These are retirement accounts that are financed with pretax funds. Contributions and profits are tax-deferred, which means they grow tax-free.
If you are over 50 years of age, the IRS imposes an annual contribution maximum of $6,500; if you are under 50, the limit is $5,500. Withdrawals from a Gold IRA are taxed at the owner’s marginal tax rate after retirement.
Contributions to a Roth gold IRA are made with after-tax funds, so there are no immediate tax benefits. While there are no direct tax benefits, the major advantage of a Roth gold IRA is that you will not have to pay taxes throughout your retirement years.
SEP gold IRAs are available to employees of small firms or self-employed individuals. It functions similarly to a typical pretax IRA in that donations aren’t taxed, but it has higher contribution limitations. You are taxed solely on your withdrawals, not on any contributions.
Why Invest in a Gold IRA?
Gold is a great way to hedge against inflation and negative interest rates. Gold’s value fluctuates differently than stocks, bonds, and other paper assets. Gold rises in value when mutual funds and equities fall in value.
When your other investments incur a loss, your gold increases in value and compensates for your losses. A gold IRA can also give you the security of owning physical gold while allowing your account to compound over time. Gold is a valuable metal with a long history of fulfilling investor needs.
Even though gold and other precious metals are vulnerable to their forms of volatility, many people feel they are better long-term investment options for preserving and building value.
How to Open a Precious Metals IRA?
Most folks know that investing in gold IRAs is a smart choice, but the process can be daunting without the know-how. However, the process is straightforward with the right from experienced professionals in Oxford Gold Group.
First, if you do not have a pre-existing precious metals IRA account with a financial institution, you must create one. Once your account is created, you must roll over any eligible assets into your new precious metals IRA deposit.
Once your assets have been deposited into your precious metals IRA account, it is time to determine what precious metals you would like to invest in. This requires researching the prices of different types of precious metals and analyzing your investment goals.
Next, setting up a buying schedule and account limit for your precious metals IRA is important. Once all your investment details are finalized, it is time to sign up for a precious metals IRA account custodian.
This allows you to access the account at any time and receive regular wire transfers of your deposited funds.
The Difference Between and Gold IRA and 401k
A 401(k) is an employer-sponsored retirement saving and investment plan. Contributions are made by the employee and are matched employer up to 6%.
The funds in a 401(k) can be used to purchase investments such as stocks, bonds, annuities, and mutual funds. On the other hand, a gold IRA is an individual retirement account that allows you to invest in physical gold bullion rather than other securities.
Most employees can contribute to a 401(k) plan if the employer participates in the program. However, some restrictions may apply, such as age or income level.
None the less, both precious metal IRAs and 401(k)s provide tax advantages, and you may contribute to both simultaneously. Both 401(k)s and gold IRAs offer several benefits, including investing in various securities without worrying about volatile market conditions.
They also both have features that make them attractive options for retirement savings. For example, both plans allow you to withdraw money tax-free when you retire or need it later.
To learn how to use your 401k to help fund your precious metals IRA, please read our 401k to gold IRA rollover guide.
Oxford Gold Group has a 4.9-star rating on Trustpilot, with 96% excellent reviews. Most customers are especially impressed by the level of engagement they receive from the experienced and friendly team at the company.
Product Related Q&A
What is the gold spot price?
Spot gold prices are determined by the supply and demand for the physical metal. Gold is not issued or created as a currency. When people want to buy gold, they need to find someone who has it and wants to sell it.
The amount of gold available determines how much people are willing to pay per unit or spot price.
How are spot gold prices determined?
The forward month’s futures contract with the greatest activity determines the spot price of gold. This contract might be for the current month or two or more months in the future. During the week, the spot price of gold is traded nearly 24 hours a day, with trading pausing on weekends.
How often do gold and silver prices change?
Gold and silver prices usually change daily, but they can also charge more or less frequently. Generally, gold prices move more than silver prices. This is because the demand for gold is much higher than the demand for silver.
Silver prices are generally more volatile than gold prices because the silver market is smaller and more sensitive to economic conditions. Silver can also be less abundant than gold, making it a valuable asset for investors.
Do mining companies determine the prices of silver?
Mining companies do not have a direct influence on the price of silver. However, due to the demand for silver from industries such as jewelry and electronics, mining companies often guide how much silver to mine, given current market conditions.
Silver price is determined by several factors, including international supply and demand, political events, and the investment decisions of buyers and sellers.
Does a silver coin’s face value alter its value?
No, a silver coin’s face value does not alter its value. A silver coin’s face value is the amount of money printed on it and assigned by a government. Other factors (like the weight and metal content of a particular silver coin) determine its worth.
While there are fewer gold IRA providers than other types of IRAs, you still have several possibilities, and it’s critical to evaluate firms to get the greatest fit for your needs.
Oxford Gold Group will help steer you on the right path and assist you in choosing the finest IRA for your needs. We can assist you in diversifying your precious metals holdings and ensuring the stability of your retirement portfolio.
Oxford Gold Group is a reputable company in the precious metals niche, but we do not recommend them because they are not the best choice for cash purchases or for precious metals IRAs, like other companies we have researched on this website.
Remember to read our list of the Best Gold Investment Companies to work with, before investing your hard-earned savings!
Or, if you like what you read about Oxford Gold Group, continue to their website below.