Schiff Gold Review

Schiff Gold Review

If you're ready to take the next step in preparing for your retirement, you may be looking for the best precious metals investment company. Opening up a Gold IRA or even purchasing some gold, silver, platinum, or palladium bullion as a personal investment can help protect you against inflation and stock market volatility to ensure you're financially set when retirement time comes along. Schiff Gold is one of the precious metals dealers that you may be considering working with.

Do you know enough about Schiff Gold to be confident that they're the right company for you? We're guessing that's why you're here to read our review of the company! So, let's get right into, shall we!

  • Product Type: Precious Metals
  • Owner: Peter Schiff
  • Rating: 3.1/5

About Schiff Gold

Schiff Gold Review

Peter Schiff founded Euro Pacific Precious Metals in 2010. In 2014, he decided to put his name on his company to show his confidence in what it had to offer and renamed the company Schiff Gold.

Peter Schiff started his company with the goal of offering investors and affordable option for purchasing precious metals while also maintaining their trust. He promises that all customers, regardless of how much they are spending, will be treated with respect and given individual attention to help them with their purchase.

Because Schiff Gold is a high-volume dealer, they're able to offer very competitive pricing on all of their precious metals. You can feel confident that you'll get a good deal when you shop with them. Additionally, if you spend at least $250,000, you can also take advantage of their wholesale prices for even greater savings.

The team at Schiff Gold puts the customer's needs first. They aim to build long-lasting relationships with their customers to earn their trust. If you have questions about purchasing precious metals, selling bullion, or opening a Precious Metals IRA, a member of the team will be more than happy to help.

Purchasing Precious Metals

Schiff Gold works to keep the process of purchasing precious metals a simple and straightforward as possible. They offer gold, silver, platinum, and palladium coins and bars.

Compared to other precious metals investment companies, it may appear that Schiff Gold doesn't offer a very large selection of metals. According to Peter Schiff, this is intentional. They believe that the more common bullion pieces are a sounder investment and have a greater value than other pieces. They don't recommend that their clients invest in proof sets, numismatic coins, collectibles, or special editions because they don't think they are very wise investments.

Here are the different gold, silver, platinum, and palladium coins and bars currently available through Schiff Gold.

Schiff Gold Review

Gold

  • Gold American Eagle Coins
  • Gold Canadian Maple Leaf Coins
  • 1-oz Gold Bars
  • Gold Valcambi Combibars

Silver

  • Silver American Eagle Coins
  • 1-oz Silver Rounds
  • Silver Barter Bags
  • 10-oz Silver Bars
  • 100-oz Silver Bars

Platinum

  • Platinum American Eagle Coins
  • Platinum Canadian Maple Leaf Coins

Palladium

  • Palladium Canadian Maple Leaf Coins

Selling Precious Metals

Schiff Gold Review

If you have purchased precious metals from Schiff Gold and would like to sell them back, the company will happily purchase them back from you. They will also purchase many coins and bars that you purchased from other companies. Check the website to see if the coin or bar you'd like to shown is currently being sold by Schiff Gold. If not, they may still be able to purchase it from you, but you'll need to check with one of their Precious Metals Specialists.

Once you know what you'd like to sell, start by contacting one of the Precious Metals Specialists. You can either call the company, send a message through the website, or send an email. The team member you speak with will provide you with a quote for your metals. They will also fill you in with all the details you'll need to pack and ship your metals to Schiff Gold.

Once the package arrives and your metals are authenticated, you'll receive a check or a wire transfer with your payment.

Gold IRAs

Investing in precious metals for your IRA can help you make sure you're prepared for retirement. It can offer you protection against inflation and stock market volatility while also helping you enjoy the various tax benefits that IRA holders get.

Schiff Gold can help you choose the right IRA custodian company that will help you set up your new self-direct Precious Metals IRA. Once your account is set up and funded, you can choose the precious metals you'd like to add to your account with Schiff Gold. Schiff Gold will then ship your precious metals to an IRS-approved depository, where they'll be held until you are old enough to retire.

If you'd like to learn more about opening up a Precious Metals IRA, Schiff Gold offers a free downloadable IRA Retirement Guide. Just visit the "Gold IRA Rollover & 401K page under the services tab to download the guide.

This section of the website also includes a three-part video on Precious Metals IRAs. The three sections of the video include: "Benefits of Owning a Gold & Silver IRA for Retirement Planning," "How You Can Incorporate Physical Gold & Silver into Your 401k," and "The Custodian's Role in a Gold IRA Retirement Account."

Vault Storage

Schiff Gold Review

When you purchase precious metals from Schiff Gold, you may decide to protect your investment by storing your metals in one of their secure vaults. Schiff Gold works with trusted storage service provides across the globe to offer allocated and segregated precious metals storage. Currently, you can choose to store your metals in Las Vegas, Nevada, Singapore, or Toronto, Canada.

Each storage location is doubly insured and offers state-of-the-art security and guards to ensure your investment remains safe.

Your metals remain solely yours at all times. You can also choose to take possession of your metals at any time you wish, either by picking them up directly from the vault or by scheduling a delivery. Additionally, should you decide to sell your metals, the process will be even easier when they are stored in one of Schiff Gold's vaults.

Estate Sales

If you live in the New Jersey, northern Delaware, or the greater New York City region, Schiff Gold may be interested in purchasing your estate. One of the company's estate specialists can evaluate your estate and give you a quote. You can choose to have the representative come to value your items, or you can even arrange for quotes over the phone or through email.

Schiff Gold prides itself in being transparent and trustworthy. This extends to their estate business as well. They want their customers to feel confident that they are not getting scammed and are getting true and honest pricing from the company.

Research and Analysis

Schiff Gold Review

Interested in learning more about Schiff Gold or investing in precious metals? You can visit the Research & Analysis section of the website. This section includes a whole host of useful resources such as live precious metals price charts, commentaries, and frequently asked questions about investing in precious metals.

There are also different downloadable resources including:

  • Peter Schiff's "The Powerful Case for Silver"
  • "Confiscation Con: Will the Government Take Away Your Gold?"
  • "Why Buy Gold Now? A Sober Analysis of the Looming Economic Crisis"
  • "Gold vs GLD: Which is the better investment?"
  • "Classic Gold Scams: Avoid Getting Ripped Off"
  • "The Student Loan Bubble: Gambling with America's Future"

Peter Schiff also has a blog. There is a link to his blog on the top right-hand corner of the website. The blog includes a variety of finance, precious metals, and investment articles.

Are There Any Red Flags for Schiff Gold?

Schiff Gold Review

Ok, now we've covered the basics about the products and services offered by Schiff Gold. Next is to determine whether there are any red flags for this company that may suggest you should look for another company to work with.

While looking at reviews from past users doesn't guarantee you'll receive the same treatment as others, it can be very useful in learning more about a company's operations. You can start to get a feel for how you'll be treated and identify whether there are any patterns in the way customers are treated, either positively or negatively.

To gather more information about what past customers had to say about their dealings with Schiff Gold, we checked a few of our most-trusted review sites. These sites include the Better Business Bureau, Business Consumer Alliance, TrustLink, Trustpilot, and Google.

Unfortunately, online reviews for Schiff Gold were very limited. We were only able to find reviews on Google, and there were only 11 reviews total. The small number of reviews for Schiff Gold makes it more difficult to look for the patterns we referred to above. There just isn't enough data to really get a feel for the quality of the products or service the company offers.

It is entirely possible that Schiff Gold is a stellar company that would deliver the service you deserve. However, without reading through more reviews from past customers, it is more difficult to feel confident in this possibility.

  • Better Business Bureau: Not rated; not a BBB accredited business
  • Business Consumer Alliance: Not rated
  • TrustLink: Not rated
  • Trustpilot: Not rated
  • Google: 4.3/5 (with 11 reviews)

Is Schiff Gold a Scam?

Schiff Gold Review

Do we think Schiff Gold is a scam? No, we believe that they are a legitimate company. Schiff Gold has been in business since 2010 (it was originally called Euro Pacific Precious Metals until 2014), and it doesn't seem likely that a scam company would last for 10 years. Additionally, Schiff Gold's founder, Peter Schiff, has been involved with the precious metals and financial industries for years. He is well-known in the industry and is a trusted individual.

Now that you know Schiff Gold is a legitimate company, the next thing you must decide is whether you wish to give them your business. It is your money we're talking about, so it is really your decision how you'd like to spend it and who you want to trust. We can give you our thoughts, however, which you can use to make a more informed decision.

If we were talking about investing our money in precious metals, we likely wouldn't choose Schiff Gold. There are a few things that make the company seem less appealing than one of our top-recommended precious metals investment companies.

First, as we shared above, there are hardly any online reviews available for Schiff Gold despite the fact that they have been around for over a decade. Again, this doesn't mean the company is bad, but it doesn't give one a lot of confidence that they are amazing, either.

We also wish Schiff Gold offered the option to shop online. The website doesn't display prices, and you must call to place an order. It is difficult to compare prices between different vendors if you must make a phone call to check a price. Plus, you don't know whether the salesperson is going to try to upsell you and make you spend more than you're comfortable with.

Schiff Gold's website says that their "prices are among the lowest in the business," but without actually seeing any prices listed, it is hard to verify this.

One other reason we probably wouldn't pick Schiff Gold as our first choice is that they only offer gold and silver. You don't have the option to invest in platinum or palladium to diversify your precious metals holdings even more.

Features

  • Peter Schiff founded Schiff Gold in 2010 (the company was originally called Euro Pacific Precious Metals.
  • They offer an assortment of gold and silver coins and bars.
  • You can sell precious metals to Schiff Gold too.
  • Schiff Gold can connect you with an IRA custodian company to help you add precious metals to your retirement account.
  • Schiff Gold offers secure vault storage options for their clients.
  • They will also purchase large estates in New York, New Jersey, and Delaware.

Pros & Cons of Schiff Gold

Pros:

  • Schiff Gold can help you select an IRA custodian company and set up a Precious Metals IRA.
  • Some of Schiff Gold's commitments include offering quality products, competitive pricing, top-notch service, and not using high-pressure sales tactics.
  • If you have precious metals to sell, Schiff Gold may buy them from you.

Cons:

  • There are not too many reviews from past customers for Schiff Gold.
  • You can't place an order online.
  • Schiff Gold's website doesn't display prices.
  • They do not offer platinum or palladium coins or bars.

Final Thoughts

What do you think? Is Schiff Gold the precious metals company for you? Or, would you like to learn more about some of the companies that we highly recommend? We think you'll find doing business with our top-recommended companies is simple and straightforward. Plus, they come highly reviewed by hundreds, or even thousands, of past customers.

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