Birch Gold Group Review

Birch Gold Group is a precious metals dealer with nearly 20 years experience, including assisting customers with managing Precious Metals and Gold IRAs. The company sells physical gold, silver, platinum and palladium for IRA investments or personal ownership. Birch Gold Group’s in-house IRA Department specializes in simplifying the process of opening a Precious Metals IRA or rolling over retirement accounts for customers. With a strong focus on client education, Birch Gold takes the time to ensure each client has a firm grasp on the benefits and risks of precious metals investing while factoring in each investor’s goals.

Pros
  • Customer reviews mention a high service level
  • Communication and education are priorities
  • No fees the first year on transfers over $50,000
  • Highly rated by consumer organizations, investment professionals and clients

Cons
  • Website mentions setup charges and annual fees without giving the cost

Working with Birch Gold Group

With a Birch Gold Group Gold IRA, customers can choose to put their gold, silver, platinum or palladium into a retirement account. The company makes sure your purchases meet specific criteria set by the Internal Revenue Service to qualify for placement in an IRA. You are free to diversify the holdings in a Precious Metals IRA with several options in addition to precious metals. These investments include stocks, bonds, mutual funds, real estate and mortgages, raw land, private businesses and private loans.

Here’s the Birch Gold Group process for establishing a Precious Metals IRA:

  • Gold IRA custodian: As a broker, Birch Gold Group helps you set up a custodian if your current custodian isn’t licensed to facilitate a Precious Metals IRA. Birch Gold Group works with custodial companies like STRATA Trust Company and Kingdom Trust most often, and both companies have high ratings with the Better Business Bureau.

  • Source and buy precious metals: Birch Gold Group helps you acquire precious metals for your IRA. The Internal Revenue Service does not approve all precious metals for holding in an IRA, so Birch Gold will assist you in choosing your investments.

  • Shipping and storage: Once you buy the precious metals, they ship to approved depositories for secure storage like Delaware Depository or Brink’s Global Service.

  • Ongoing communication: Your Birch Gold Group specialist is always available to you any time you have a question or need a market update. The company makes this a priority and a policy.

Many 401(k), 403(b), 457, Thrift Savings Plan (TSP), and all traditional IRA and Roth IRA accounts are eligible to roll over to a Precious Metals IRA.

Birch Gold Group Gold IRAs Benefits and Cautions

While some media outlets only portray Precious Metals IRAs in a negative light, as little more than retirement accounts pushed on investors using fear tactics, there is most certainly a place in many investment portfolios for Gold IRAs. As opposed to traditional investments in stocks or bonds, Gold IRAs can offer privacy, liquidity and long-term financial security. These advantages are possible because no one government, financial institution or stock market controls the value of precious metals.

Gold IRAs offer many benefits for those who want a hedge against inflation or a more diversified portfolio. Yes, there are risks as there are with any investment. Wise investors do their research and actively participate in their financial planning. Birch Gold Group account specialists help you by taking an interest in your plans, investment goals, and your financial future. Birch Gold specialists strive to ensure you have all the information required to make the best decisions for your objectives and to answer all questions.

insurance form

American Gold Eagle (bullion), American Gold Eagle (proof), American Buffalo, Source: Getty

Birch Gold Group Precious Metals IRA Costs

As with any IRA, there are fees associated with the IRA you will set up, and costs vary depending on the custodian and depository. Birch Gold Group primarily works with STRATA Trust Company for custodial services and the Delaware Depository for secure storage. If you use these two companies, annual fees are $75 and $100 respectively, which includes a $1 billion all-risk insurance policy covering the very unlikely theft of your investment. Birch Gold Group frequently offers promotional pricing. For example, a long-standing promotion is receiving up to $10,000 in free precious metals, depending on the order amount.

Birch Gold Group IRA Investment Options

Listed below, you’ll find the types of gold Birch Gold Group sells for use in Gold IRA accounts. The company also sells gold bars from approved mints, and silver, platinum and palladium to Precious Metals IRA customers. Birch Gold also sells gold and other precious metal bars, rounds and coins for non-IRA investments stored at the buyer’s option.

Birch Gold Group
Approved Gold IRA Investments
Investment Description
American Gold Eagle — Bullion 91% gold available in 1/10, 1/4, 1/2 and 1-ounce coins.
American Gold Eagle — Proof A limited number of the collector’s version of the American Gold Eagle coin are minted each year.
American Buffalo The first pure gold coin in North America, the Gold American Buffalo is a 24-karat bullion coin.
Canadian Gold Maple Leaf One of the purest coins in the world, the 24-karat gold coin is minted with no base metal.
Gold Bars and Rounds Generally valued closer to the melt value of gold than most others on the market.
Valcambi CombiBars Gold bars available in 50 x 1 gram and 20 x 1 gram.
Gold Polar Bear and Cub 99.99% pure gold, CA$10 face value.
Gold Gyrfalcon The Royal Canadian Mint’s 2016 gold coin is 99.99% pure gold and weighs 1/4 ounce.
Gold Twin Maples A 1/4 ounce pure gold coin in CA$10 denomination.

Birch Gold Group Complaints

The Better Business Bureau gives Birch Gold Group an ‘A+” rating with 87 customer reviews averaging 5 out of 5 stars. Birch Gold Group answered all complaints with most of those marked resolved. The majority of claims have to do with fluctuating gold prices and customers blaming the company for losses when the precious metal spot pricing decreased. Given the nature of the precious metals market, these complaints may have no basis. ConsumerAffairs.com rates Birch Gold 4.8 out of 5 stars based on 78 reviews and TrustLink awards the company 5 out of 5 stars. Google Reviews shows a 4.7 out of 5-star rating for Birch Gold Group.

Birch Gold Group Q&A

  • Are retirement funds in a Birch Gold Group Gold IRA tax-deferred?
    Yes, a Gold or Precious Metals IRA is a self-directed retirement account, following the rules for tax deferral on gains.

  • Can I store my precious metals I purchase from Birch Gold Group at home?
    Gold and other precious metals in an IRA must always be in the physical possession of a bank or an IRS-approved trustee. However, you can store precious metals where ever you like if you don’t buy them within an IRA. That said, storing such high-value items in your home is not advised for safety reasons.

  • Does Birch Gold Group store precious metals?
    No, the company does not handle physical storage for precious metals. Birch Gold Group frequently works with Delaware Depository, the largest precious metals depository in the U.S. outside of New York City. Delaware Depository securely stores your investment separated from the gold and precious metals of other customers. Delaware Depository insures your account up to $1 billion with insurance from Lloyd’s of London.

  • Does Birch Gold Group guarantee the precious metals values in my IRA?
    No one can ensure the value of precious metals at any given time. Due to a variety of market influences, there is no guarantee on the future value of gold, silver and other precious metals. It’s impossible to grow an investment without value fluctuations, making long term investments best for gold and precious metals.

  • Does Birch Gold Group require a minimum investment for Precious Metals IRAs?
    Yes. The minimum investment for a Birch Gold Group Precious Metals IRA is $10,000, and $5,000 if you hold your investment outside of an IRA.

Conclusion

Birch Gold Group wants customers to understand Gold IRAs are great for diversification and security, but they don’t try to convince customers to put all retirement eggs into one basket. Investing in gold or other precious metals is not a get-rich-quick scheme, which Birch Gold Group stresses up front. Whether you’re creating a Precious Metals IRA for the first time and have much to learn or you’re an experienced investor, Birch Gold Group will educate you, answer questions and continue to communicate with you after the sale.

If you are interested in contacting Birch Gold Group, you can call 844-515-2721.

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