SchiffGold Review

Navigating the investment world can be unpredictable, especially with rising markets. It’s wise to invest in something stable and dependable during such times.

SchiffGold aims to help people invest wisely in precious metals, hoping to secure their future, especially retirement.

With Schiff’s long experience in finances and a team of experts, the company offers investors different products, such as gold bars, coins, and bullion. However, with so many options for buying precious metals, knowing which company to trust can be hard.

This SchiffGold review will examine SchiffGold’s offerings and help you determine whether they are the best choice for your investment needs.

What is SchiffGold?

SchiffGold is a New York-based company that sells precious metals, including gold, silver, palladium, and platinum, in various forms, including coins and bars.

It started in 2010 under Euro Pacific Precious Metals and changed its name to SchiffGold in 2014. Owned by Peter Schiff, a well-known person with years of experience in the finance world, SchiffGold is here to help people make money by investing in precious metals and secure their futures, especially after they retire.

Peter Schiff wants to make buying precious metals easy and trustworthy. SchiffGold promises to treat its customers, big or small, with respect and personalized service, focusing on building lasting relationships.

Although it’s difficult to find many reviews from past customers, SchiffGold has received A+ rating from the Better Business Bureau (BBB).

The company is also featured in big-name publications and TV channels like Fox Business Network, The Wall Street Journal, and Forbes for its expertise.

As a company that does a lot, SchiffGold can help you start investing quickly by offering storage, IRAs, and advice.

Since Peter Schiff took charge in 2014, SchiffGold has become well-known in the precious metals market for its quality service and knowledge. Schiff believes in using investments to stay safe during uncertain times, guiding the company’s approach.

For anyone thinking about investing in precious metals, SchiffGold is a great choice. It has a solid reputation and is focused on providing expert guidance and caring service.

Team Behind the Company

The team at SchiffGold is made up of experts who really believe in using precious metals, like gold and silver, to keep your money safe.

They all follow Peter Schiff’s ideas on investing, and they’re really good at explaining things and helping you choose what’s best for your money, especially when times are tough all over the world.

Let’s find out them below:

Peter Schiff: Chairman

Peter Schiff is well-known for his smart thinking about economics and investments, especially regarding stocks from other countries, changes in money value, and gold.

He’s shared his wisdom on TV, in books, and at big conferences, teaching people how to make smart moves with their money.

Matt Malleo: Principal & Senior Precious Metals Specialist

Matt Malleo has been helping the company grow since its very beginning. He learned a lot about economics at Cornell University before entering the gold and silver world right after graduating.

Matt is a natural leader who has advanced over the years. Now, he watches over everything at SchiffGold. Matt is a family man outside of work and actively involved in his community.

Jonathan Sosnay: Principal & Senior Precious Metals Specialist

Jonathan Sosnay is passionate about helping you understand and feel confident about using gold and silver in tough economic times.

He started at another company, where he learned about the gold business, and then moved to SchiffGold in 2011.

Jonathan studied business in college and has a special certificate showing he knows much about investing. He also likes sports like tennis and enjoys traveling.

Joel Bauman: Principal & Senior Precious Metals Specialist

Joel Bauman knows a lot about money and loves precious metals. He studied financial economics for a long time and has been working in finance for over ten years.

Joel started focusing on precious metals because of Peter Schiff’s ideas and his own studies. He likes to teach, especially at his church on Sundays, and enjoys time with his wife, Emily, playing games and swimming.

River Allen: Senior Precious Metals Specialist

River Allen believes in having stable, trustworthy money. He became interested in this after the 2008 financial troubles.

Before joining SchiffGold, he was a teacher in South Korea and went to Carleton University for math. He’s from Canada and likes playing golf, hockey, running, and cooking.

William Xiong: Senior Precious Metals Specialist

William Xiong got into studying money and economics in 2019 and found it eye-opening. He looks up to Peter Schiff and has invested heavily in precious metals himself. In addition to studying money trends and trading, William likes to play soccer, golf, and travel.

Matthew White: Senior Precious Metals Specialist

Matthew White became interested in precious metals during college thanks to Peter Schiff’s books and radio shows. He then attended Monmouth University and studied business and finance.

He strongly believes in precious metals and likes to help people understand them. Since 2020, he’s been working with Schiff Gold. He enjoys fishing, going to the beach, and hanging out with family and friends most.

Valerie Alikakos: Accountant

Valerie Alikakos is the accountant for SchiffGold with more than 30 years of experience, including big jobs at companies like Price Waterhouse Coopers.

She knows a lot about managing money well and makes sure the company does too. Apart from work, Valerie loves spending time with those close to her, shopping, decorating, and listening to music.

What Makes SchiffGold Stand Out?

When you’re considering investing in precious metals, SchiffGold is a great choice because of its outstanding services and trustworthy approach.

Here’s why you should consider SchiffGold for your investment needs:

• Competitive Prices: SchiffGold offers very low prices. They encourage you to compare their prices with others because they’re often the best.
• Popular Products: They focus on the most sought-after and easy-to-sell bullion products, avoiding the less valuable collectibles or numismatics.
• Fast and Certain Delivery: SchiffGold is known for quick product delivery and ensures that every order is insured.
• Honest Brokers: The team at SchiffGold focuses on building lasting relationships rather than making quick sales. They provide honest advice and don’t push you to buy.
• Full Service: SchiffGold offers more than just online sales. They offer a complete range of services, such as buying back products, helping with gold IRAs, offering secure storage options, and keeping you informed with the latest market news.

Choosing SchiffGold means you get a trustworthy and comprehensive service that isn’t easy to find elsewhere.

Their commitment to genuine advice and customer care makes them a solid choice for precious metals investments.

Products Offered by SchiffGold

SchiffGold is a premier precious metals dealer specializing in investment-grade metals. Focusing on personal service and professional guidance, SchiffGold offers a wide range of products tailored to meet the needs of both new and experienced investors.

Gold

Gold is a great investment choice, and there are many types of gold items available. Gold coins are a good option for those just starting out.

For example, the American Gold Eagle from the US Mint is a popular gold coin that many people like because of its special design.

Another favorite is the Canadian Gold Maple Leaf, made by the Canadian Mint. This coin is known for its pure gold and pretty design.

You can also buy smaller gold coins, called fractional coins, which cost less than the big 1-ounce coins. These are helpful if you don’t want to spend a lot of money at once or might want to use them in smaller trades.

If you want to invest more, 1-ounce gold bars are a solid choice. They’re 99.99% pure gold and accepted by markets worldwide.

Another interesting option is the Valcambi CombiBar, which is the size of a credit card but is made of gold that can be broken into 1-gram pieces without losing any gold.

Silver

Investing in silver involves several options, including coins and bars. The Silver American Eagle is the most popular silver coin in the United States.

It is considered real money with a value of $1, but it’s worth a lot more because of the silver it contains. This coin is well-liked for its high-quality silver and beautiful design, making it a favorite among collectors and investors.

Silver rounds and bars are great choices for those who prefer buying larger amounts of silver at a good price. Silver rounds, like the 1-oz Silver Rounds, are a cheap way to start investing in silver.

Silver bars are excellent for bigger investments. The 10-ounce bars hold very pure silver and are easy to handle and store. These bars are a practical option for serious investments without paying too much for silver’s market price.

The 100-ounce bars are perfect for those who want to invest in a lot of silver at once. They contain very pure silver and are made by well-known mints.

They are priced lower per ounce than smaller bars and rounds, making them a smart choice for buying a lot of high-quality silver.

Platinum and Palladium

Platinum and palladium are very special and rare metals that people like to collect or invest in. Among the most popular items are special coins made of platinum and palladium.

Two famous types are the American Eagle platinum coin and the Canadian Maple Leaf coin, both of which are made of metal.

The US Mint produces the Platinum 1-Oz American Eagle. It is very pure, made of .9995 platinum, and the US government says it’s as good as it promises.

Then there are the Canadian Maple Leaf coins, made of platinum and palladium and known for their high quality.

The platinum one looks very nice, with a leaf design and pictures of Queen Elizabeth II when she was younger and those made before 2009.

The palladium one, made from 1988 to 2002, also has a nice design and is something people like to have in their collection.

Barter Metals

Barter Metals offers gold and silver items that are perfect for trading because they are small and easy to use.

The Valcambi CombiBar is a popular gold item resembling a chocolate bar. Made by Valcambi Suisse, a respected company, it’s 99.99% pure gold and can be broken into smaller pieces.

It comes in a 50-gram size with tiny 1-gram bits or a 1-ounce bar that splits into 1/10-ounce pieces, so it’s great for Europeans and Americans.

The Canadian Maplegram is special because it’s the first tiny, 1-gram gold coin from a national mint. Made by the Royal Canadian Mint, it has a famous Maple Leaf design and is sold in sheets of 25 coins, each in its pack with a special number.

If you like gold coins but want smaller ones, fractional gold coins are offered. Famous coins like the American Eagle, Canadian Maple Leaf, and Australian Kangaroo come in small sizes and are good for trading.

How to Purchase from SchiffGold

Buying precious metals can be easy. Follow these simple steps to purchase SchiffGold:

1. Pick What You Want: Visit their website, add items to your cart, check out, or call them for help picking the right items.
2. Pay for Your Order: You can pay with a bank transfer or send a check. You’ll receive an email with details on how to pay. Bank transfers work faster than checks.
3. Get Your Metals: Your items will be sent to you safely and in a way that no one will know what’s inside. It takes a couple of days for them to send them out, plus some time for them to arrive.

Buying with Cryptocurrency

SchiffGold also accepts cryptocurrencies like Bitcoin. This is how you can use it:

1. Talk to Them: Call their team. They’ll give you a US dollar price and bill you using BitPay, which takes Bitcoin and other digital currencies.
2. Lock in Your Price: Because digital currencies change in value quickly, you’ll get a good price for 15 minutes. Pay right away to lock it in.
3. Make the Payment: Use the BitPay link they send to pay. After you pay, they’ll prepare your order for shipping and give you the details to track it.
4. Your Metals Arrive: You’ll receive your items securely. Whether you’re starting or adding to your collection, they make sure it’s easy and safe from start to finish.

When you buy from SchiffGold, either the usual way or with cryptocurrency, it’s straightforward. They take care of every step so you feel good about your buy and the process goes smoothly.

How to Sell to SchiffGold

Selling your gold or silver is a big decision. SchiffGold is here to help you sell it easily and get a good price.

Here’s how the process works:

Step 1: Get in Touch

First, contact a Precious Metals Specialist at SchiffGold. You can call, email, or chat with them on their website. They will tell you everything you need to know about how to sell your items and what they might be worth.

Step 2: Send Them Your Metals

You have two choices: you can mail your metals to them or you can take them there in person. They have locations in different cities like New York, Las Vegas, Dallas, and even in other countries. Make sure you let them know you’re coming if you choose to drop off your items.

Step 3: Get Paid

After they receive and check your metals, they will quickly send you money for them. You can get a check or have the payment sent directly to your bank.

When you pack your gold or silver to send to them, use strong boxes and make sure everything is tightly packed so it doesn’t move around. It’s important to use the right tape and to include a packing slip that they email to you.

Selling to SchiffGold means you’re working with people who will give you a fair deal. They make it easy and safe to sell your precious metals.

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

SchiffGold has a team just for IRAs that helps investors open a new gold IRA or move money from an existing IRA or 401(k) without any penalties. They know all about the tax rules, so they make sure everything is done right and on time.

Using SchiffGold makes it simple because they take care of all the complex paperwork. This is key to avoiding mistakes and making sure you follow the rules, so you don’t get fines from the IRS for reporting errors.

SchiffGold also gives you a choice of gold and silver products that meet the rules for IRA investments. This means you can have different kinds of metals in your IRA, which can help your retirement savings grow more safely over time.

Whether you’re moving your retirement money from an old job’s 401(k) or you already have some savings to use, SchiffGold can guide you.

They even help you find the right company to hold your IRA so you can then invest your money in actual gold and silver bars and coins.

Storage Options

Schiff Gold doesn’t have its own vaults but works with many storage services around the world. These services have safe vaults where you can keep your gold and other precious metals. Your things will be stored away from others, and there’s insurance in case anything happens to them.

Peter Schiff chooses to work with storage places that are not connected to any government or bank. These places are very secure with guards all the time, cameras working day and night, and regular checks to make sure everything is safe.

When you use these vaults, your items get their own space. If you put coins in, you will get the same coins back. No one else can touch your stuff. If you have an IRA, the person helping you with it might also be able to use the vault.

There are two types of insurance to protect your things. Even if something bad happens, like theft or damage, you can get your money back. The vaults are checked often, and you’ll get reports every few months to tell you how much your stuff is worth.

For an IRA, you need to keep your precious metals in a special vault that the government says is okay. People new to buying gold and other metals can use the vaults that Schiff Gold knows. These places are really safe and follow all the rules, plus they make sure your things get there safely.

The vaults are in places like Toronto, Las Vegas, and Singapore, so you can pick the best place for you. They all do things the same way, so you’ll know what to expect when putting your things in or taking them out.

Storing your metals might cost $180 a year, which is not too much. This price doesn’t change, so it’s better than prices that go up as you store more.

Schiff Gold makes sure that your metals don’t get mixed with anyone else’s. Many people who buy metals worry about them being handled wrong, but these storage options keep them safe and separate.

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

Many of SchiffGold’s customers prefer to keep their precious metals close by, safely stored in their own homes. Understanding how important this is, SchiffGold has researched the best safes to help you keep your valuable items secure from theft, fire, and many natural disasters.

Security

Home safes are built with strong security features to protect your belongings. Some important features to look for are fingerprint entry, hidden hinges, thick steel doors, multiple locks, an 8-digit PIN, and alarms for when you forget to lock it. Always choose a safe that can also be opened with a key in case the battery dies.

Weight

The weight of a safe is very important, as heavier safes are harder to move and thus better at keeping thieves away.

They range from as light as 9 lbs to several hundred pounds. SchiffGold suggests getting a heavier safe for storing precious metals as it uses more steel and offers better protection.

Fire Rating and Weather Protection

Since gold melts at about 1,900 degrees Fahrenheit and a typical house fire is about 1,100 degrees Fahrenheit, consider a fireproof safe if storing more than just metals. However, you don’t need a waterproof safe, as precious metals are usually not harmed by water.

Price

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

Appearance

The way a safe looks can also help protect your valuables. Some safes are made to look like regular household items such as books, shelves, or even soda cans, which can keep them hidden in plain sight.

Optimal Placement

Think carefully about where to put your safe. Avoid obvious spots like the master bedroom, where thieves usually look first. Instead, consider placing it in less obvious spots like the garage, laundry room, or hidden behind things on your wall.

• Bedrooms: Avoid storing your safe in the master bedroom, as it’s often the first place burglars check.
• Wall Safe: If you choose to mount your safe on the wall, make sure it is well-hidden, perhaps behind a mirror or a bookshelf.
• Floor Safe: If you prefer not to mount your safe to a wall, consider securing it to the floor. This can be hidden more easily, perhaps by a box or a storage container.

Top 5 Safes Recommended by SchiffGold on Amazon

Here are some of the recommendation by SchiffGold for the safes you can buy.

1. AdirOffice Security Safe with Digital Lock

Comes with an 8-digit PIN and two keys, up to 1.25 cubic feet of space, and can be attached to walls. The door is made to prevent prying.

2. Amazon Basics Security Safe

This safe is available in various sizes and has a programmable code and two keys. It has thick steel doors and strong locks.

3. Stalwart Digital Safe

A more budget-friendly choice with an 8-digit PIN and two keys, made from strong steel and weighs about 40 pounds.

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

Offers both fingerprint and PIN code entry, plus a key. It has a strong, pry-resistant door with steel locks.

5. First Alert 2087F

Uses a combination lock so no batteries needed, is both fireproof and waterproof, and has strong locks and hinges.

Storing your precious metals at home provides comfort and easy access. With the appropriate safes, you can ensure those valuables are secure from many risks.

Following recommendations from SchiffGold allows you to choose the best home safe that matches your security needs.

SchiffGold & Estate Sales

When it’s time to sell things from an estate, many people find it hard to do, especially during stressful times. SchiffGold wants to make this job easier and less worrying for you.

If you’re in the greater New York City area, New Jersey, or northern Delaware, and need to sell a lot of things like silver, gold, coins, bars, or jewelry, SchiffGold is here to help.

They will check the items you want to sell and give you a price for them. This can be done over the phone, by email, or in person. SchiffGold is known for being honest and building strong relationships with people over time.

They are very open about how they do business, making them a safe choice in an industry where not everyone can be trusted. They’re also publicly checked and traded, making them even more reliable.

Shipping Policy

SchiffGold offers a straightforward shipping policy for its customers in the US. If your order costs $10,000 or more, you won’t have to pay for shipping or insurance—it’s free.

But if your order is less than $10,000, you will need to pay a $25 fee for shipping and insurance. After your package is sent out, SchiffGold will email you a tracking number. You might have to wait a day or two before you can start tracking your order online.

All packages sent by SchiffGold are insured, so if there’s a problem during shipping, they’ve got it covered. Any package worth more than $1,000 will have to be signed for when it arrives.

Once the delivery service marks your package as delivered, SchiffGold will no longer be responsible for it. Make sure you’re there to get your package when it comes because if you’re not there and something happens to it, SchiffGold won’t be able to help.

If you get a delivery notice but don’t actually receive your package, you must tell SchiffGold within two days. If your package seems lost and hasn’t had a tracking update for several days, get in touch with SchiffGold quickly—within seven days for USPS shipments and within three days for UPS or FedEx.

If you find something missing or broken when you open your package, let SchiffGold know within 48 hours. If you tell them on time, they’ll work on your insurance claim, but they may need you to help by providing details about what happened, sometimes in writing.

If SchiffGold finds out your package was really lost or damaged, they will decide whether to send your items again or give you your money back.

Customer Reviews and Ratings for SchiffGold

SchiffGold has an excellent A+ rating from the Better Business Bureau (BBB), showing it provides great customer service and conducts business well.

On Trustpilot, the company has an average score of 3.2 out of 5 based on just one review. However, on Facebook, the feedback is much more positive, with 98% of users recommending SchiffGold, based on 56 reviews.

Some people are really happy with their investment choices, finding trustworthy help from Mrs. Clarice Haynes and making good money from their homes.

Others, who lost money to scams, got help from a pro named Jacqueline and started getting steady money every week.

However, there are unhappy customers too. One person bought silver from SchiffGold and got very worn coins, not worth what they paid. They couldn’t get their money back and were just told “sorry you’re unhappy.”

What are Customers Saying About the Company?

Customers are quite happy with SchiffGold, saying it’s super important to pick the right gold company to keep their money safe.

Peter Schiff, the boss of SchiffGold, trusts them completely for buying gold. People like Jim W. and Steve S. say the company really listens and doesn’t push them to buy things they don’t need. They feel taken care of and trust SchiffGold a lot.

Thomas M. and Brian also say nice things about how the company treats them well, and they can depend on getting good deals and safe, on-time delivery. Everyone thinks SchiffGold is a great choice for buying gold.

Pros and Cons of SchiffGold

Let’s take a close look at both the positives and negatives of SchiffGold. This should help those thinking about investing in precious metals with SchiffGold to know what to expect.

Pros:

• Lots of useful information, research, and advice on their website to help people learn.
• You can sell your gold and silver back to them.
• They offer help with storing your gold and silver and help with estate sales.
• Good prices and a nice program to buy back gold and silver.
• Safe ways to store your items, including in your home or in special vaults.
• You can use digital money like Bitcoin to buy from them.

Cons:

• There are not many reviews from customers on the internet.
• Other companies offer the same services but have a better reputation.
• If you want to change your retirement account to include precious metals, it’s a tough process.

SchiffGold wants to help people understand how investing in metals works. But, just like any way of investing, working with SchiffGold has its good points and its bad points.

Is SchiffGold a Reputable Firm?

SchiffGold, started by the well-known economist Peter Schiff, is a trusted company that buys gold and silver.

It teaches its customers about smart investing in these metals and is known for good prices and helpful service.

SchiffGold encourages people to include gold and silver in their investments for safety and to balance their money, especially during uncertain economic times.

People who buy from SchiffGold and other experts in the field usually have good things to say about its honesty and knowledge, making it a respected name in the industry.

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.