The following Birch Gold IRA review will help you decide if they are worth your money or not. You’ll learn about their prices, fees, reviews, complaints and more.
Let’s get started.
What is Birch Gold IRA?
Birch Gold Group is a precious metals dealer that has established a name for itself in the business by providing a comprehensive variety of services to help people invest in gold IRAs, such as outstanding customer service, user-friendly online platforms, and a wide range of precious metals.
The company, with a staff of highly skilled and experienced specialists, focuses on assisting individuals in transitioning their retirement savings into a Precious Metals IRA, providing personalized advice and guidance on gold investing.
Birch Gold Group has a good reputation for providing top-notch gold IRA services and products to those looking to invest in a gold-based IRA.
As a potential investor, you may be cautious about investing in precious metals with a privately held company. Rest assured that Birch Gold Group has taken all necessary steps to protect its reputation.
The Better Business Bureau (BBB) has given this company an A+ rating, demonstrating its commitment to client satisfaction.
- Address: 309 Court Avenue, Suite 809 Des Moines, IA 50309
- Phone: (800) 355-2116
- Timings: Monday to Friday, 6 am–5:30 pm
- Email: [email protected]
- Website: https://www.birchgold.com/
People Behind Birch Gold IRA: CEO, Owner, Co-Founders & More
If you’re thinking, “Who owns Birch Gold Group?” you’re not alone.
Surprisingly, Birch Gold Group doesn’t disclose any information regarding its ownership or senior management. There is no such information available on their website.
However, On LinkedIn, I found a few individuals linked with this company, including Sameen Keramat, M.Ed (Training and Development Manager) and Andy Klein (Marketing Director).
Birch Gold Group has 51-200 employees, according to the company’s Glassdoor page.
Potential investors who value transparency and demand details may be alarmed as this company does not disclose any information about its founder and CEO.
Birch Gold IRA Products: Bullion Coins, Bars, And Rare Coins
Birch Gold Group provides an array of precious metals for investment, including gold, silver, platinum, and palladium in various weight categories.
The following are a few company’s products:
Gold Products
- American Eagle Coins
- American Buffalo
- Canadian Maple Leaf and Twin Maple Leaf (1/4 oz)
- Australian Florin
- Austrian Philharmonic
- Gold bars and rounds
Silver Products
- American Eagle (Bullion and Proof)
- Canadian Maple Leaf and Twin Maple Leaf (2 oz)
- Australian Florin
- St. Helena Standing Lion Guinea
- Austrian Philharmonic
- Silver bars and rounds
Platinum Products
- American Platinum Eagle
- Australian 1/4 oz Platinum Florin
- Platinum Bars and Rounds
Palladium Products
- Canadian Palladium Maple Leaf
- Palladium Bars and Rounds
Can You Invest in Birch Gold IRA?
To invest in a precious metals IRA through Birch Gold Ira, here are the general steps:
- Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with Birch Gold IRA to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
- Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or rollover funds into the new account.
- Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as Birch Gold IRA.
- Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from Birch Gold IRA in this area.
- Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.
However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.
Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer in your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.
Birch Gold IRA Fees and Charges: Do they Overcharge?
The fee structure at Birch Gold Group is good. It aligns with the industry standard.
At Birch Gold Group, the account set-up fee is $50 while the wire transfer fee is $30.
You would need to pay an annual fee of $100 for precious metals storage and a maintenance fee of $100.
What’s peculiar is that the company mentions you might not have to pay fees relative to your investment size if you go with their preferred custodian. But they don’t mention which IRA custodian it is.
The minimum investment requirement at Birch Gold Group is $10,000, which is quite high. It can cause many investors to reconsider because IRS rules prohibit investors who are under 50 years old from investing over $6,000 annually.
However, the company offers a one-year fee waiver if your investment is more than $50,000.
>>>Get in touch with the #1 rated gold IRA company of 2023
Birch Gold IRA Reviews and Complaints: BBB, Yelp, Google
Birch Gold Group has been in business for about two decades. During this time, the company has received numerous online reviews.
They have 5-star reviews on various third-party platforms. They have also earned favourable reviews from numerous consumer sites, including BBB and BC.
Birch Gold Group has an “A+” rating on the Better Business Bureau, with 71 reviews that averaging 4.8 out of 5 stars. It is also noteworthy that there are 6 customer complaints against this company.
The company has received several unresolved complaints from customers. There are also several unresolved negative reviews on different platforms. Our #1 rated gold IRA company has ZERO unanswered complaints on BBB.
The majority of allegations involve shifting gold prices and clients complaining about the company for losses when precious metal spot pricing fell. ConsumerAffairs.com gives Birch Gold 4.8 stars out of 5 based on 126 reviews, and TrustLink gives the company 4.9 ratings. Birch Gold Group has a 4.8-star rating on Google Reviews.
Birch Gold IRA Lawsuits: UniCourt & Justia
UniCourt
On 06/01/2022 Walter Mitchell filed a Civil Right – Other Civil Right lawsuit against Birch Gold Group. This case was filed in Los Angeles County Superior Courts.
Richard Stitis filed a Labor – Wrongful Termination lawsuit against Birch Gold Group.
On 05/15/2017 Christopher Moore filed a Labor – Other Labor lawsuit against Birch Gold Group.
On 07/01/2020 Curtis Davis filed a Property – Other Property Fraud lawsuit against Birch Gold Group.
There are plenty of other lawsuits to look at, which you may find here: Birch Gold Group Lawsuits
Is Birch Gold IRA Legit? Should You Invest With Them?
No, I don’t recommend investing with them.
Pros:
- 20+ years of experience
- 100+ positive reviews
- Decent product selection
Cons:
- Received many customer complaints
- Does not disclose information related to team
- Lack of transparency
- Faced multiple lawsuits
Birch Gold Group is a reputable precious metals investment company that specialises in gold IRAs.
The company provides a broad range of products and services to enable individuals to invest in gold, silver, platinum, and palladium, with a devoted staff of experienced professionals and a commitment to customer care.
While there are some drawbacks to investing with Birch Gold Group, such as a minimum purchase requirement, no guarantees, multiple lawsuits and not disclosing information about its founder or CEO.
However, Birch Gold Group guarantees that clients can make informed decisions about their precious metals investments by providing great customer service, secure storage solutions, and a buyback program
After going through their reviews and website, I can tell you for certain that Birch Gold Group is a legitimate firm.
Birch Gold Group is an impressive firm. Their product catalog is full of variety as they offer both IRA and non-IRA investment options. Furthermore, the company has been able to get endorsements from many notable personalitie
On the other hand, you should also check out other gold IRA reviews. Learning about other industry players will give you a better understanding of what precious metals have to offer.
Furthermore, if you’re eager to find out who is the best gold IRA provider of your state, check out the map below:
