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Advantage Gold and Oxford Gold Group are both companies that specialize in precious metals investment, particularly in gold IRAs, which are individual retirement accounts that include gold or other precious metals as part of the investment.
Advantage Gold:
Founded: Advantage Gold was established in 2014 by Larry Levin, Adam Baratta, and Kirill Zagalsky. The founders have extensive experience in financial markets and precious metals, with backgrounds working for the S&P 500, U.S Mint, and other financial institutions​​.
Services: The company mainly focuses on converting ordinary IRAs into precious metal IRAs and prides itself on educating customers about the industry and the process of IRA rollovers. They emphasize customer service and provide guidance for first-time investors in silver or gold IRAs​​.
Reputation and Ratings: Advantage Gold has received high ratings from consumer protection agencies, including an A rating from major agencies and a high rating from Trustpilot. Their founders have been featured in financial publications, contributing to the firm’s popularity​​.
Key Features: The company boasts one of the fastest delivery times in the industry, offers self-directed IRAs, and uses insured storage for precious metals. They are officially listed with the U.S Mint and focus heavily on educating their customers about precious metal investments​​.
Overall Impression: As a relatively young entrant in the precious metal industry, Advantage Gold has built a strong reputation quickly and is considered a top gold IRA company​​.
Oxford Gold Group:
Location and Services: Based in Beverly Hills, California, Oxford Gold Group specializes in self-directed precious metal IRAs and tailors investment strategies to meet individual retirement goals through the acquisition of precious metals​​.
Pros and Cons: The company is known for its transparent fees, offering two depository options, and providing investment choices in gold, silver, platinum, and palladium. However, it does not support online purchases or applications, requiring contact by phone or email​​​​.
Storage and Investment Options: Oxford Gold Group uses the Delaware Depository and Brink’s Global Services for secure storage of IRA metals, with an exclusive Texas storage facility for Texas residents. They offer a range of investment options in various precious metals and provide assistance in choosing the right product​​​​.
Fees and Legitimacy: The company charges an annual fee based on account size, with no additional percentages or fees. They offer legitimate services for diversifying retirement portfolios and work with IRS-approved depositories​​​​.
Comparison and Considerations:
Experience and Growth: Advantage Gold, though younger, has rapidly built a strong reputation in the industry, while Oxford Gold Group leverages its California base and tailored investment strategies.
Services and Features: Both companies offer self-directed IRAs in precious metals, but Advantage Gold has a strong emphasis on quick delivery and education. Oxford Gold Group focuses on transparent fees and a wider range of storage options.
Customer Experience: Advantage Gold is highly rated for its customer service and educational resources, whereas Oxford Gold Group is recognized for its transparent fee structure and personal approach, albeit with a limitation on online services.
When choosing between the two, consider factors such as the range of services, customer service reputation, fee structure, and specific investment needs. Both companies have their unique strengths, and the right choice may depend on individual preferences and investment goals.
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