Based in New York, Schiff Gold specializes in precious metals, including bars, coins, and bullion. They also cater to investors with a range of services. Established in 2010, it went by the name Euro Pacific Precious Metals until 2014, when it underwent a rebranding.
Company's Proprietor
Peter Schiff, a seasoned investment broker and noted financial voice, is the driving force behind Schiff Gold. He's not just another name in finance; he accurately foresaw the 2008 economic downturn that caught many off guard. Establishing Schiff Gold, he sought to guide investors toward the security of assets like gold and silver. His outspoken views on government actions and investment strategies frequently place him under media spotlights.
Investing a slice of your assets in precious metals is wise, given their tendency to perform oppositely to inflation. Metals often shine brighter when traditional markets, such as real estate, wobble.
However, the maze of choosing suitable metal, reliable dealers, and the prime buying moment can take time and effort. That's where Peter Schiff steps in, using his wealth of knowledge as a beacon. He's not just a brand name but a mark of trust and expertise in finance.
Thanks to their well-balanced portfolios, many laud Schiff for his guidance, especially those who weathered the 2008 storm.
Supporting Schiff are the company's key players: Matt Malleo and Jonathan Sosnay, the executive directors, and Fabian Gambino, the tech whiz ensuring the website runs seamlessly. They, along with River Allen and Joel Bauman, serve as the precious metals experts, always ready to shed light on market nuances. Completing the team, Valeria Alikakos ensures the finances are in impeccable order.
Products and Services
Schiff Gold offers various products tailored to your needs, including bullion, bars, and coins made of precious-metals-bullion-dealer
However, you won't find numismatic coins in their selection, and here's why:
- Their cost exceeds their base worth considerably.
- Their market often leans heavily on commission-driven sales.
- Reselling these coins at a profit takes a lot of work.
While they might charm collectors, these coins aren't ideal for broadening an investment horizon. That's why Schiff Gold steers clear of them.
Their metallic range also spans:
With prices that align with the dynamic market rates of these metals, they remain competitive.
Schiff Gold stands out for its effortless buying experience. They're here to guide you, ensuring your precious metal purchases align seamlessly with your investment goals.
Steps to Get Started
Embarking on your purchase journey? Here's a simple four-step guide.
Firstly, chat with the company. The user-friendly website chat feature makes this a breeze. Begin a chat session or dial in to converse with an expert in precious metals.
This expert will shed light on the company's mission, the advantages of investing, and the current precious metals landscape. They'll delve into your present investments, budget, and future aspirations. Based on this, they'll chalk out suggestions for your purchase.
Subsequently, you'll proceed to confirm your order. The expert will streamline most of this either via chat or phone call. Post-finalizing, expect an email summarizing the following:
- Details on package insurance
Upon receiving this mail, the third phase involves settling the payment. Predominantly, a bank wire transfer or check is employed. Once payment is confirmed – reviews usually take up to five days, and wire transfers about a day – your metals are dispatched.
Handling the last mile, the company ensures your items reach you safely. You decide the destination. Deliveries are entrusted to UPS, FedEx, or USPS. And with full-value insurance by Lloyd's of London, rest assured against losses during transit.
Order processing spans 1-2 days, and based on your vicinity, expect delivery within 2-5 days.
A contemporary touch - they've accepted cryptocurrency payments since 2014, pioneers in this domain. They welcome Ethereum, Bitcoin, and Bitcoin Cash. Should you choose this route, ensure immediate payment post-order. Given crypto's volatile nature, the quoted price is just 15 minutes. Your trusted wallet should sync with BitPay. Once transacted, await your order acknowledgment.
Diving Deeper
The firm also extends a suite of auxiliary services. For a yearly fee of $150, secure your precious metals in their vaults.
Thinking retirement? Consider their precious metals IRA rollover offer. Safeguard a slice of your retirement nest in precious metals. They assist in storing these assets in IRS-compliant facilities.
Selling Precious Metals
Many firms are keen to purchase precious metals from individuals looking to swiftly convert their holdings into cash. Schiff Gold stands out, buying metals irrespective of whether you acquired them from their fold.
Do you have an item you're considering selling that needs to be added to Schiff Gold's current list? Don't hesitate to chat with their sales team to see if it piques their interest.
Your Metal-Selling Guide:
Kick things off by discussing the metals you're considering selling. Whether through an email, real-time chat, or a quick phone call, they're all ears.
A knowledgeable staff member will then assist, simplifying the procedure for you. They'll either provide a fair estimation for your precious metals or, on rare occasions, inform you that they're not in the market for them presently.
Your subsequent move? Securely wrap the metals and send them off. It's wise to get that package insured, ensuring you're safeguarded should any postal hiccups occur. Or, if you prefer the direct approach, hand-deliver them at any of their widespread outlets, be it locally or internationally.
Once your metals are safely in their hands, Schiff Gold ensures a swift remittance through a mailed check or a direct bank transfer in line with the initially quoted amount.
Company Standards
The company's essence and content predominantly echo the convictions of Peter Schiff. The firm's heartbeat syncs with his investment and personal beliefs. He's driven to provide precious metals at fair rates, enabling individuals to safeguard themselves from inflation.
Every expert at this establishment ensures each client feels valued, no matter the size of their transaction. When you buy, you're assured of the product's genuineness and purity.
While they champion competitive pricing, it's challenging to gauge given the absence of listed prices on their site. Peter Schiff explains this pricing advantage comes from:
- Minimized advertising spending, instead leveraging Peter Schiff's influential reputation and digital footprint to attract clientele.
- Bulk purchasing of metals at lowered rates, facilitating sales to consumers at prices more in tune with the market rate.
Trust in product quality remains paramount. Schiff Gold steers clear of items Peter Schiff deems as high-risk ventures. Hence, you won't find collectibles or coins here, given their volatile market nature.
Pushy sales techniques? They're not the company's style. No hard-selling to notch up commissions. Instead, the team aligns offerings to your financial capacity and investment aspirations. And should market queries pop up, they're ever ready to clarify.
Peter Schiff proudly states that gold enthusiasts power the company. They're more inclined to guide clients towards diversified investment avenues rather than chasing lofty commissions. They'll also counsel on the ideal proportion of precious metals to incorporate into your investment mix.
Building lasting, personalized client relationships is a shared ambition among specialists. Their aim? To forge connections that span decades. Be it your inaugural purchase or your umpteenth, a dedicated expert is on standby to assist.
And for those diving into precious metals IRAs, a specialist will accompany you, simplifying each phase. An annual upkeep fee ensures your holdings are secure, and you'll regularly be briefed about your metals' worth.
Lack of Reviews
There's an unusual aspect to the company. Consumer feedback isn't readily available online. Notably, the Better Business Bureau must recognize the mentioned company on Trustlink. It's a challenge to gauge past customer experiences.
What's intriguing is the company's longstanding history. Though it's been using the Schiff Gold branding since 2014, it's been on the scene for over ten years. Despite the scarcity of online reviews, many trust the firm, mainly because of Peter Schiff's know-how.
The company's website does feature various customer testimonials. Yet, it's curious why external review platforms have yet to document any insights on their operations.
Another quirky element is the need for listed prices on their site. To procure, you'd need to connect directly with a metal expert. Perhaps it's inventory constraints causing this, but it's peculiar. Adding to the oddities, they email you the purchase details before you finalize payment.
This arrangement can pose challenges when trying to benchmark their rates with competitors. Hence, it's hard to confirm if they genuinely provide the competitive prices they claim. More transparent dealings can undoubtedly be found with alternative brokers.
Final Thoughts
At the heart of Schiff Gold is the influential Peter Schiff. As an investment maestro, he consistently shares insights on economic trends, government policies, and savvy investing tips. Guided by his expertise, the firm offers only the most trustworthy precious metals.
Yet, the company needs to display full transparency. There needs to be a direct online platform to acquire products. Details about their pricing still need to be discovered on their website. A conversation with a representative is a prerequisite before receiving an email elucidating your order specifics.
This setup makes juxtaposing their rates with the prevalent market standards challenging. There's also a chance that quotes might vary for different individuals based on subjective measures.
Moreover, clarity about their acquisition strategies could be more precise. Yes, their representatives will provide a quote upon understanding what metals you're offering, but in the absence of online customer feedback, determining the fairness of that quote becomes a guessing game.
More forthright dealers are available for those eager to trade their precious metals swiftly. The same holds for procuring precious metals. While Peter Schiff's counsel is instrumental in investment insights, this establishment's limited disclosure makes it tough to measure against its peers in the industry.