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Last Updated: July 8, 2024
People are more excited about gold than ever before. We are worried about our retirement accounts and see our 401Ks losing value. If you have been considering investing in precious metals, you must select the right company to help you meet your goals. Could Schiff Gold be the right one?
We want to provide you with every detail about Schiff Gold. You deserve to know what customers are saying and how SchiffGold rates on the BBB website. You will be armed with everything you need to make a wise decision by the end of this review.
Peter Schiff is the founder of the company and first opened Euro Pacific Precious Metals in 1996. The owner changed the name of the company to Schiff Gold in 2014. Why the name change?
It turns out that the company had a stigma attached to it because Schiff's Euro Pacific Capital Bank was closed after the government stepped in, due to it being involved in money laundering and tax evasion.
Schiff changed the name to get away from the blight caused by the bank closing. Schiff denies any wrongdoing to this day.
Schiff Gold is a precious metals dealer in New York, New York. The company offers a range of services and guides customers in purchasing precious metals for gold IRA or personal investment. We will talk more about the precious metals IRA services later in this review.
Schiff's reputation precedes him, and he has predicted many economic collapses over the years, leading to his unwanted nickname of “Dr. Doom.” Many respect Mr. Schiff, but his record is not spotless.
He has made many visits to Fox News and has been interviewed by countless financial publications. Schiff was also an economic advisor to Ron Paul's 2008 White House run.
Mr. Schiff is speaking on radio programs and his webcast on YouTube. Many trust his knowledge of precious metals, but can you trust him with your retirement accounts?
It is the customers that make the company. If customers are unhappy, the establishment is failing. We first checked out Google and found that SchiffGold has a rating of 3.8 stars out of 5 based on ten customer reviews.
A few customers complained about purchasing one weight of the gold bar and getting another. When buying precious metals, you want to be sure you know what you are getting. If Schiff is being dishonest about the gold weights, what else are they hiding?
Some customers also complained about the prices being too high when compared to other companies. Why should anyone pay more than they have to for precious metals? Your financial future is on the line. Your online purchases should not cost you more money with this company than with another.
Next, we visited Facebook to see Schiff's page and customer reviews. The reviews on this page are glowing, but they honestly seem fake. The testimonies offered in these reviews seem far-fetched at best. Since SchiffGold controls the page, we cannot trust these customer reviews for the company.
Bar Code Score Card ™
Bar Code Score Card ™
Bar Code Score Card ™
We take company ratings seriously. We understand you need the facts to know where to invest your hard-earned savings. We searched high and low to find information and even checked out the yellow pages to get answers.
We could not find a page for Schiff Gold, but we did find the company listed under its old name. Although the company is not accredited with the BBB, they have an A+ rating on the market site. SchiffGold has zero complaints and no customer reviews, which seems fishy to us, given the current market.
A search on Business Consumer Alliance showed no profile page for Schiff Gold or its old name of Euro Pacific Metals. SchiffGold has been in operation for years but has no profile pages on consumer sites and no customer reviews.
We have never reviewed companies with so few customer reviews, especially given how long Schiff Gold's been in operation. Why is SchiffGold so invisible on the Internet?
This is a challenging question to answer. We keep looking for an example of what customers are saying, but we can find very little. Although Schiff is supposed to be a wealth assets expert, he seems to shine more than his company.
We believe Schiff Gold is a legit company, but the lack of reviews is concerning. At what point will everyone question SchiffGold and its approach to precious metals assets? They deliver bullion with special offers for customers, but is this enough?
Everyone knows it's helpful to read reviews from real people. We want to know how Schiff Gold helps people with their portfolio and what kind of price they offer. We need to know about the quality of the platinum bullion and if the weight was correct. We are concerned we cannot find this information on the company's record.
Protecting our readers is why we work so hard to investigate gold companies. With the slow economy, people feel desperate, and we don't want you falling victim to companies pulling scams.
We rarely find it difficult to put into words how we feel about a company. Schiff Gold, on the surface, seems to be a decent company, but the quality of its services is lacking.
Schiff Gold attempts to sell gold, silver, platinum, and palladium to help customers offset inflation. Precious metals are assets that increase your wealth.
We are very hesitant to say Schiff Gold is right for anyone. New investors need a trustworthy company to help them purchase precious metals. If a dealer does not hold your hand, you will want to seek an even stronger commitment.
If you are ready to invest in precious metals, we encourage you to research and find the best gold IRA dealer. Original commentaries prove SchiffGold may not be the precious metals business we thought they were.
In the precious metals industry, trust means everything. Although Schiff is a precious metals specialist, we are unsure of his trustworthiness. Is he going to be there to help you with your precious metals IRA, or is he only there to pocket money for numismatic coins?
Before you make a final call on Schiff Gold, let's explore the pros and cons of this precious metals specialist. We realize no company is perfect, but you need true professionals to help you with your precious metals IRA. Do not trust your precious metals purchases to just anyone, and certainly be careful when sending bank wire transfers.
Although the pros and cons are fairly balanced in this company's review, we want investors to be leary in making purchases of precious metals. When it comes to your financial future, you cannot trust a company without vetting them carefully.
When you cannot read reviews from clients, there is a problem. Surely, there are more than ten investors in the world who have reviewed Schiff Gold's services. We were surprised at the BBB rating and the lack of reviews.
Schiff Gold offers many precious metal products. If you are interested in investing in gold and silver coins and bars, you may be interested in SchiffGold. The problem is that you cannot get price information.
We prefer working with a company that offers investors full-price transparency. We want to know how much our purchase will cost before we check out. We don't want to have to call to get answers on the price.
The following are some of the coins offered by SchiffGold. These coins are those investors seek in hopes their metals will eventually fetch a high price. Can clients assure they are getting the best prices for their precious metals?
Schiff Gold says they are a full-service precious metals business. The business offers the following services to its clients. Rumors are that Mr. Schiff is just the icon for the company now and doesn't have his hand in the business.
If you want to invest in the precious metals market, Schiff and his company will help. You will need to fund your account with a rollover, wire transfer, or cash. Investing in a gold IRA diversifies your portfolio in this troubled market.
Although Schiff Gold does not store precious metals, they work with the best depositories in the market. These depositories offer segregated storage for an added fair market price.
Schiff Gold works to educate its customers on the current gold market. They offer tons of free additional content. Clients can take advantage of these educational materials at any time.
When you get ready to sell, sell to Schiff Gold. Clients get fair prices for their gold and silver.
We wanted to include information on SchiffGold and its fees, but we could not find this information. Although there are some review sites out there claiming to have the answers, we do not want to pass on this information without being able to verify it for our readers.
Peter Schiff recommends you devote 5% to 20% of your portfolio to gold. You can seek an even greater allocation as long as you are comfortable.
SchiffGold appears reputable, but we cannot verify their approach because of the lack of customer reviews. We feel SchiffGold needs to be more transparent. The company's reputation seems to be seriously lacking.
Peter Schiff recommends investing in gold bars because they are more affordable due to a lower markup. You do not need to invest in fancy coins.
SchiffGold partners with United Parcel Service, Government Postal Service Corporation, and FedEx for their deliveries. They strive to offer the fastest shipping in the market.
It takes around six business days before your order ships from the market. Orders processed with a wire typically process faster.
Schiff Gold is not the best option for investing in precious metals. The lack of reviews and startling accusations make us hesitant about recommending Schiff Gold. Precious metals specialist or not, we feel there are much better options out there than SchiffGold. The company's not up to par with our standards.
Bar Code Score Card ™
Bar Code Score Card ™
Bar Code Score Card ™
Bar Code Score Card ™
Bar Code Score Card ™
