SchiffGold Review

Looking for a trustworthy gold dealer? I’ve heard SchiffGold mentioned in investment circles repeatedly—not from marketing hype, but from actual customers.

Some praised their fair pricing while others raised concerns. My review digs into what makes SchiffGold tick and what I discovered might surprise you before you commit your hard-earned cash.

What is SchiffGold?

SchiffGold operates as a precious metals dealer based in New York, offering gold, silver, palladium, and platinum through various forms like coins and bars.

The company emerged in 2010 as Euro Pacific Precious Metals before rebranding to SchiffGold in 2014. Under the ownership of Peter Schiff, a renowned financial expert, SchiffGold aims to empower investors through precious metals investments, particularly focusing on retirement security.

The company’s mission revolves around simplifying precious metals purchases while maintaining trustworthiness.

You’ll find SchiffGold committed to providing respectful, personalized service to all clients, regardless of investment size, emphasizing long-term relationship building.

While customer reviews might be limited, SchiffGold maintains an A+ rating from the Better Business Bureau (BBB).

Major media outlets, including Fox Business Network, The Wall Street Journal, and Forbes, recognize the company’s expertise through regular features.

As a comprehensive service provider, SchiffGold facilitates quick investment starts through storage solutions, IRA options, and expert guidance.

Since Peter Schiff’s leadership began in 2014, SchiffGold has established itself as a respected name in precious metals trading, known for service excellence and market knowledge. Schiff’s investment philosophy centers on protection during economic uncertainty.

For those exploring precious metals investments, SchiffGold stands out with its solid reputation, expert guidance, and dedicated customer service.

Team Behind the Company

SchiffGold’s expert team champions precious metals as wealth protection tools. The team aligns with Peter Schiff’s investment principles, excelling at clear communication and tailored investment guidance, especially during global economic challenges.

Let’s explore the team members:

Peter Schiff: Chairman

Peter Schiff has earned recognition for his economic and investment insights, particularly regarding international stocks, currency fluctuations, and gold markets.

His expertise reaches audiences through television appearances, published works, and major conference presentations, sharing valuable investment strategies.

Matt Malleo: Principal & Senior Precious Metals Specialist

Matt Malleo has supported the company’s growth since its inception. His journey began with economics studies at Cornell University, leading directly into precious metals after graduation.

His natural leadership qualities have driven his advancement. As overseer of SchiffGold operations, Matt balances work with family life and community involvement.

Jonathan Sosnay: Principal & Senior Precious Metals Specialist

Jonathan Sosnay dedicates himself to building client confidence in precious metals during economic uncertainty. His career path included precious metals experience before joining SchiffGold in 2011.

With business education and specialized investment certification, Jonathan enjoys tennis and traveling during their leisure time.

Joel Bauman: Principal & Senior Precious Metals Specialist

Joel Bauman combines financial economics expertise with a passion for precious metals. His decade-plus finance career reflects deep industry knowledge.

Inspired by Peter Schiff’s perspectives and personal research, Joel teaches at his church and enjoys gaming and swimming with his wife, Emily.

River Allen: Senior Precious Metals Specialist

River Allen advocates for monetary stability, influenced by the 2008 financial crisis. His background includes teaching in South Korea and mathematics studies at Carleton University. This Canadian native enjoys golf, hockey, running, and cooking.

William Xiong: Senior Precious Metals Specialist

William Xiong discovered economics in 2019, finding inspiration in Peter Schiff’s teachings and personally investing in precious metals. Beyond market analysis and trading, he pursues soccer, golf, and travel.

Matthew White: Senior Precious Metals Specialist

Matthew White developed his precious metals interest through Peter Schiff’s content during college, followed by business and finance studies at Monmouth University.

Since 2020, he’s applied his strong belief in precious metals at SchiffGold, balancing work with fishing, beach visits, and family time.

Valerie Alikakos: Accountant

Valerie Alikakos brings three decades of accounting expertise, including experience from Price Waterhouse Coopers.

Her financial management skills ensure company stability. Beyond work, she prioritizes family time, shopping, decorating, and music appreciation.

What Makes SchiffGold Stand Out?

SchiffGold stands as a premium choice for precious metals investment, offering exceptional services and maintaining a reliable approach that benefits investors like you.

Here’s why SchiffGold deserves your consideration for investment purposes:

• Competitive Prices: SchiffGold maintains very competitive pricing structures. They actively encourage price comparisons with other dealers, confident in their market-leading rates.
• Popular Products: The company specializes in highly liquid and sought-after bullion products, strategically avoiding less valuable collectibles and numismatic items.
• Fast and Certain Delivery: Your orders receive prompt attention with SchiffGold, featuring swift delivery times and comprehensive insurance coverage for every shipment.
• Honest Brokers: SchiffGold’s team prioritizes building sustainable client relationships over quick profits. They provide straightforward advice without pressure tactics.
• Full Service: Beyond basic online transactions, SchiffGold delivers comprehensive services including:
  + Buyback programs.
  + Gold IRA assistance.
  + Secure storage solutions.
  + Regular market updates and news.

Selecting SchiffGold as your precious metals dealer means accessing trustworthy, comprehensive services that distinguish them from typical dealers.

Their dedication to authentic guidance and superior customer service positions them as an excellent choice for your precious metals investments.

The company’s commitment to genuine advice and customer satisfaction makes it a reliable partner for your investment journey, offering services that align with your financial goals and security needs.

Products Offered by SchiffGold

SchiffGold stands as a leading precious metals dealer specializing in investment-grade metals. With an emphasis on personal service and professional guidance, SchiffGold presents diverse products designed to meet both novice and seasoned investors’ requirements.

Gold

Gold presents an excellent investment opportunity with numerous product options available. Gold coins serve as an ideal starting point for new investors.

The American Gold Eagle, produced by the US Mint, stands out as a sought-after gold coin, appreciated for its distinctive design.

The Canadian Gold Maple Leaf, crafted by the Canadian Mint, has earned recognition for its purity and aesthetic appeal.

Fractional gold coins offer a more accessible option, providing lower-cost alternatives to standard 1-ounce coins. These prove beneficial for investors seeking smaller investments or flexibility in trading scenarios.

For substantial investments, 1-ounce gold bars represent a reliable choice, offering 99.99% purity and worldwide market acceptance.

The Valcambi CombiBar presents an innovative option, featuring a credit card-sized gold bar that separates into 1-gram segments without gold loss.

Silver

Silver investment encompasses various options, from coins to bars. The Silver American Eagle holds the position as America’s most sought-after silver coin.

While legally designated as currency with a $1 face value, its true worth stems from silver content. This coin garners appreciation for superior silver quality and artistic design, attracting both collectors and investors.

Silver rounds and bars provide excellent options for bulk silver acquisition at competitive prices. The 1-oz Silver Rounds offer an economical entry point into silver investment.

Silver bars excel for larger investments. 10-ounce bars contain high-purity silver with convenient handling and storage features.

These bars provide practical solutions for serious investments while maintaining reasonable premiums over spot prices.

100-ounce bars suit investors seeking substantial silver positions. These bars, produced by reputable mints, contain premium-grade silver.

Their lower per-ounce pricing compared to smaller units makes them advantageous for acquiring significant quantities of quality silver.

Platinum and Palladium

Platinum and palladium represent precious metals valued by collectors and investors alike. Premium coins minted in these metals rank among popular investment choices.

Notable examples include platinum American Eagle and Canadian Maple Leaf coins, each crafted from their respective metals.

The Platinum 1-Oz American Eagle, produced by the US Mint, boasts .9995 purity with government-backed authenticity.

Canadian Maple Leaf coins, available in both platinum and palladium versions, maintain high manufacturing standards.

The platinum variant features distinctive maple leaf artwork alongside earlier portraits of Queen Elizabeth II in pre-2009 issues.

The palladium version, minted between 1988 and 2002, showcases appealing design elements that attract collector interest.

Barter Metals

Barter Metals provides gold and silver products specifically designed for trading purposes, emphasizing portability and practicality.

The Valcambi CombiBar, resembling a chocolate bar’s structure, represents a popular gold option. Manufactured by Valcambi Suisse, this 99.99% pure gold product allows separation into smaller portions.

Available as 50-gram bars divisible into 1-gram units or 1-ounce bars separable into 1/10-ounce segments, it serves both European and American markets effectively.

The Canadian Maplegram pioneered the first government-minted 1-gram gold coin. Royal Canadian Mint produces these coins featuring the iconic Maple Leaf design, packaging them in 25-coin sheets with individual serial numbers.

For those preferring traditional coins in smaller denominations, fractional gold coins remain available. Popular options include scaled-down versions of American Eagle, Canadian Maple Leaf, and Australian Kangaroo coins, ideal for trading purposes.

How to Purchase from SchiffGold

Precious metals purchasing becomes straightforward when you follow these essential steps through SchiffGold:

1. Select Your Products: Browse through their website to choose your desired items. Add selections to your cart and proceed to checkout, or reach out to their team for personalized product recommendations.
2. Complete Payment: Choose between bank transfer or check payment methods. Upon order placement, you’ll receive detailed payment instructions via email. Bank transfers typically process faster than check payments.
3. Receive Your Investment: Your metals ship discreetly in unmarked packaging, ensuring confidentiality. Processing typically requires several business days, plus standard shipping time.

Buying with Cryptocurrency

SchiffGold accommodates cryptocurrency transactions, including Bitcoin. Here’s your guide to crypto purchases:

1. Contact Their Team: Connect with SchiffGold representatives who will provide a USD price quote and generate a BitPay invoice accepting Bitcoin and various cryptocurrencies.
2. Secure Your Rate: Cryptocurrency price quotes remain valid for 15 minutes due to market volatility. Prompt payment ensures you lock in your quoted rate.
3. Process Payment: Use the provided BitPay link to complete your transaction. Once payment is confirmed, SchiffGold initiates order processing and provides tracking information.
4. Delivery Confirmation: Your precious metals arrive through secure shipping channels. Whether you’re establishing or expanding your portfolio, SchiffGold ensures a protected delivery process.

SchiffGold streamlines precious metals acquisition through both traditional and cryptocurrency payment methods.

Their systematic approach guarantees transaction security and customer satisfaction throughout the entire process.

How to Sell to SchiffGold

Selling precious metals requires careful consideration, and SchiffGold offers a streamlined process to help you receive optimal value for your gold or silver holdings.

Here’s how the process works:

Step 1: Get in Touch

Connect with a SchiffGold Precious Metals Specialist through phone, email, or online chat services. These experts provide comprehensive information about the selling process and offer preliminary valuations for your metals.

Step 2: Send Them Your Metals

You have two convenient options for transferring your metals. Choose between shipping your items directly or arranging an in-person delivery at one of their numerous locations across major cities, including New York, Las Vegas, Dallas, and international offices. For personal deliveries, schedule an appointment beforehand to ensure smooth processing.

Step 3: Get Paid

Upon receiving and verifying your metals, SchiffGold processes payments promptly. You can select either a traditional check or for direct bank transfer, allowing flexibility in how you receive your funds.

When preparing your precious metals for shipment, utilize sturdy packaging materials and secure boxes to prevent movement during transit.

Proper sealing techniques and the inclusion of their provided packing slip ensure safe delivery and efficient processing.

SchiffGold maintains a reputation for fair dealings and transparent transactions, making it a reliable partner for selling precious metals. Their established procedures prioritize security and customer satisfaction throughout the selling process.

The company’s commitment to professional service and competitive pricing provides sellers with confidence in their transactions.

Their extensive network of locations and flexible payment options demonstrate their dedication to accommodating client needs while maintaining high standards of security and efficiency.

How Does SchiffGold Help You Set Up Your Gold IRA Account?

SchiffGold maintains a specialized IRA team dedicated to assisting investors with establishing new gold IRAs or transferring funds from existing IRAs and 401(k)s without incurring penalties.

Their expertise in tax regulations ensures precise and timely execution of all transactions.The process becomes straightforward with SchiffGold managing the intricate documentation requirements.

This attention to detail proves essential for avoiding errors and maintaining compliance with IRS regulations, protecting you from potential penalties due to reporting mistakes.

You gain access to a selection of IRS-approved gold and silver products through SchiffGold’s offerings. This variety allows you to diversify your IRA holdings with precious metals, potentially providing more stable growth for your retirement portfolio over time.

SchiffGold offers guidance regardless of your starting point – whether you’re looking to transfer retirement funds from a previous employer’s 401(k) or utilize existing savings for investment purposes.

Their services extend to connecting you with suitable custodial companies for your IRA, enabling subsequent investments in physical gold and silver bullion and coins.

Storage Options

Schiff Gold partners with multiple global storage facilities to safeguard precious metals. These specialized vaults provide segregated storage solutions for your gold and other valuable metals, complete with comprehensive insurance coverage for your investments.

The company specifically collaborates with private storage facilities independent of banking institutions and government control.

Security measures at these locations include round-the-clock armed personnel, advanced surveillance systems, and systematic security protocols.

These storage facilities operate on an allocated basis, ensuring your precious metals remain separately stored. When storing specific coins, you receive identical pieces upon withdrawal.

Your assets remain exclusively yours, with no third-party access. IRA custodians may also utilize these secure storage options.

Dual insurance policies protect your investments comprehensively. Coverage extends to potential theft or damage scenarios, guaranteeing full reimbursement. Regular audits occur alongside quarterly valuation reports for your stored assets.

IRA investments require storage in IRS-approved depositories. Schiff Gold recommends trusted storage partners to newcomers in precious metals investment. These facilities maintain strict regulatory compliance while ensuring secure transportation of your assets.

Storage locations span globally, including facilities in Toronto, Las Vegas, and Singapore, allowing you to select the most convenient option.

Each facility maintains standardized procedures for deposits and withdrawals, creating a consistent experience across locations.

Annual storage fees start at $180, offering competitive flat-rate pricing. This structure proves more economical compared to percentage-based storage fees that increase with larger holdings.

The company emphasizes segregated storage, ensuring your metals remain separate from other client’s holdings.

This approach addresses common concerns about the proper handling and storage of precious metal investments.

Use Your Safe Storage if You Don’t Use SchiffGold’s Storage Service

SchiffGold customers often prefer storing precious metals at home. To support this choice, SchiffGold has extensively researched optimal safes that protect valuable items against theft, fire damage, and natural disasters.

Security

Home safes incorporate robust security features for protecting valuables. Key features include fingerprint recognition, concealed hinges, reinforced steel doors, dual locking mechanisms, 8-digit PIN systems, and lock reminder alarms. Select safes with backup key access for battery failure situations.

Weight

Safe weight significantly impacts security effectiveness. Weight ranges start at 9 pounds and extend to hundreds of pounds.

For precious metals storage, SchiffGold recommends heavier safes with enhanced steel construction for superior protection.

Fire Rating and Weather Protection

Gold’s melting point reaches 1,900 degrees Fahrenheit, while typical house fires burn at 1,100 degrees Fahrenheit.

Consider fireproof safes when storing items beyond metals. Waterproof features remain optional as precious metals resist water damage.

Price

Safe prices vary widely, from $50 to several thousands. However, the safes SchiffGold recommends are mostly in the affordable $150-$200 range.

Appearance

Strategic safe design enhances security through camouflage. Some safes mimic common household items like books, shelving units, or beverage cans, enabling discreet placement within living spaces.

Optimal Placement

Strategic safe placement proves crucial for security. Avoid predictable locations like master bedrooms, which attract thieves. Consider alternative spots such as garages, laundry rooms, or concealed wall spaces.

• Bedrooms: Master bedrooms represent high-risk locations due to frequent targeting by burglars.
• Wall Safe: Wall-mounted safes require proper concealment, potentially behind mirrors or bookshelves.
• Floor Safe: Floor-mounted options offer additional security, easily concealed beneath boxes or storage containers.

Top 5 Safes Recommended by SchiffGold on Amazon

SchiffGold provides valuable recommendations for safes available through Amazon that can protect your valuables effectively.

1. AdirOffice Security Safe with Digital Lock

This model features an advanced 8-digit PIN system paired with backup keys, offering 1.25 cubic feet of storage capacity. The safe includes wall-mounting capabilities and anti-prying door construction for enhanced security.

2. Amazon Basics Security Safe

Available across multiple size options, this safe combines programmable code access with backup key entry. Its construction incorporates thick steel doors and robust locking mechanisms.

3. Stalwart Digital Safe

A cost-effective solution featuring an 8-digit PIN system and dual key backup. Built with durable steel construction, this 40-pound unit provides reliable security at an accessible price point.

4. Viking Security Safe VS-50BLX Large Biometric Safe

This sophisticated safe integrates both fingerprint recognition and PIN code access, complemented by key backup. Its design emphasizes security with a pry-resistant door and reinforced steel locking bolts.

5. First Alert 2087F

Utilizing a mechanical combination lock system, this safe eliminates battery dependency while offering both fire and water protection. Its construction features reinforced locks and heavy-duty hinges.

Keeping precious metals within your home provides peace of mind and immediate accessibility. Selecting appropriate safes ensures optimal protection for your valuable assets against various security threats.

Following SchiffGold’s expert recommendations helps you select home security solutions that align with your specific protection requirements.

SchiffGold & Estate Sales

Selling estate items can be overwhelming, particularly during emotional times. SchiffGold aims to simplify this process and reduce your stress levels.

For residents in the greater New York City area, New Jersey, or northern Delaware looking to sell substantial quantities of precious metals – including silver, gold, coins, bars, or jewelry – SchiffGold provides comprehensive assistance.

Their evaluation process accommodates your preferences, offering assessments via phone, email, or in-person meetings. SchiffGold has built its reputation on transparency and long-term client relationships.

Operating with complete transparency sets them apart in an industry where trust can be scarce. Their status as a publicly verified and traded company further reinforces their credibility.

Shipping Policy

SchiffGold maintains a clear shipping policy for US customers. Orders valued at $10,000 or above qualify for complimentary shipping and insurance.

For orders under $10,000, a $25 fee applies to cover shipping and insurance costs. Upon shipment, you’ll receive tracking information via email. Please note tracking capabilities may take 24-48 hours to activate online.

Every package ships with full insurance coverage, protecting against transit issues. Packages valued over $1,000 require signature confirmation upon delivery.

SchiffGold’s responsibility ends once the carrier confirms delivery. Your presence at delivery is crucial – SchiffGold cannot assume responsibility for packages after confirmed delivery.

You must report any discrepancy between the delivery notification and the actual package receipt within two days.

For potentially lost packages showing no tracking updates, contact SchiffGold within seven days for USPS shipments or three days for UPS/FedEx deliveries.

Missing or damaged items discovered upon package opening must be reported within 48 hours. Timely reporting allows SchiffGold to process insurance claims, though you may need to provide written documentation of the incident.

Upon confirmation of package loss or damage, SchiffGold will determine whether to replace items or process a refund.

Customer Reviews and Ratings for SchiffGold

SchiffGold maintains an A+ rating with the Better Business Bureau (BBB), demonstrating their commitment to exceptional customer service and ethical business practices.

The company’s presence on Trustpilot shows a 2.9 out of 5 rating, though this is based on two reviews. Their Facebook presence tells a more comprehensive story, with 98% of users recommending SchiffGold from a pool of 56 reviews.

Several investors report positive experiences, particularly highlighting Mrs. Clarice Haynes’s guidance, which helped them achieve profitable returns through home-based investing.

Those who previously fell victim to investment scams found success through professional assistance from Jacqueline, establishing consistent weekly income streams.

Yet, some customers express dissatisfaction. One notable complaint involves a silver purchase where the delivered coins appeared significantly worn, falling short of expected quality standards.

When seeking resolution, the customer received only a perfunctory apology without any meaningful remedy.

What Are Customers Saying About the Company?

Client testimonials emphasize the significance of selecting a reputable gold investment firm for securing their financial assets.

Peter Schiff, serving as SchiffGold’s principal, places complete confidence in their gold acquisition services.

Clients like Jim W. and Steve S. appreciate the company’s attentive approach and absence of aggressive sales tactics. They express strong trust in SchiffGold’s services and feel valued as customers.

Additional testimonials from Thomas M. and Brian underscore the company’s reliability, highlighting competitive pricing and dependable delivery services. The consensus among clients positions SchiffGold as a premier choice for precious metal investments.

Pros and Cons of SchiffGold

A comprehensive analysis of SchiffGold reveals important considerations for potential precious metal investors, helping them make informed decisions about their investment journey.

Pros:

• Their website offers extensive educational resources, market research, and expert guidance.
• Flexible buyback options for both gold and silver investments.
• Professional assistance with precious metal storage solutions and estate liquidation services.
• Competitive pricing structure with attractive buyback programs.
• Multiple secure storage options, including home storage and secured vault facilities.
• Acceptance of cryptocurrency payments, including Bitcoin transactions.

Cons:

• Limited online customer feedback and testimonials.
• Faces strong competition from more established precious metal dealers.
• Complex process for precious metal IRA conversions and transfers.

SchiffGold positions itself as an educational resource for precious metal investments, striving to make the investment process more accessible to newcomers.

However, like any investment platform, SchiffGold presents both advantages and limitations that require careful consideration before making investment decisions.

Their commitment to customer education stands out, though potential investors should weigh all factors, including the company’s market position and service limitations when deciding if SchiffGold aligns with their investment goals.

Is SchiffGold a Reputable Company?

SchiffGold, established by renowned economist Peter Schiff, operates as a trusted precious metals dealer specializing in gold and silver transactions.

The company prioritizes educating clients about strategic metal investments while maintaining competitive pricing and exceptional customer service.

The firm advocates for incorporating precious metals into investment portfolios as a protective measure and diversification strategy, particularly during economic uncertainties.

Industry experts and customers consistently praise SchiffGold’s integrity and market expertise, solidifying its position as a respected industry leader.

Conclusion

SchiffGold stands out because it really focuses on teaching its customers about how gold and silver can be excellent for adding variety to their investments.

SchiffGold is all about being open with its prices and giving advice that’s tailored to each customer’s needs, showing how much they value trust and happiness for their clients.

This company not only helps people protect their wealth with valuable metals but also builds strong, honest relationships with them.

This makes SchiffGold a great choice for anyone looking to invest in gold and silver, whether they’re new to it or have been doing it for a while.