Table of Contents
Looking to Transfer from an Oxford Gold Group IRA? We're Here to Help!
By now, most Oxford Gold Group clients know the company has gone out of business and that all custodians have stopped working with them. This page explains:
- Why Oxford Gold Group has gone out of business
- What you can do to protect your IRA if it was set up using Oxford Gold Group
- Why you should avoid using most Southern California Gold IRA firms
- How to transfer your IRA using Certified Gold Exchange for valuation and updates
- How to quickly sell your Oxford Gold Group IRA when you want
The Certified Gold Exchange has been in business since 1992 and has never had a single client complaint in all those years. We have the lowest buy and sell fees in the industry, and we put it in writing with our client contract. Call CGE today at 800-776-7253 to move your account away from Oxford Gold Group control or liquidate.
Oxford Gold Group Isn’t the Only Problematic IRA Company in Southern California
Certified Gold Exchange (CGE) has long been vigilant in alerting the public and the Better Business Bureau (BBB) about deceptive practices prevalent with Oxford Gold Group and among many Southern California gold IRA companies, particularly concerning their affiliate programs. These programs often involve paying commissions to marketers who promote these companies as the “best” options for gold IRAs, leading to biased reviews and potential overcharging of clients.
In its efforts to educate investors, CGE has highlighted several red flags associated with these affiliate-driven schemes. One common tactic is offering “free” gold or silver promotions, which may entice investors but often result in hidden costs or overpriced products. Additionally, some companies advertise “zero fees for life” promotions, which can be misleading, as custodial and storage fees are typically unavoidable in gold IRA accounts.
CGE has also warned about the dangers of high-pressure sales tactics and the use of celebrity endorsements to build trust. These strategies can distract investors from scrutinizing the actual terms and fees associated with their investments. By exposing these practices, CGE aims to empower investors to make informed decisions and avoid falling victim to scams that could jeopardize their retirement savings.
Through comprehensive reports and educational resources, CGE continues to advocate for transparency and integrity in the precious metals industry. Their commitment to exposing unethical practices serves as a valuable resource for investors seeking to protect their assets from fraudulent schemes. For help with your IRA or to get Oxford Gold Group removed as your designated representative or interested party, call 800-776-7253 today.
Exposing Overpriced Coin Scams: Why Oxford Gold Group Avoided Common Coins
The Oxford Gold Group, like many other Los Angeles IRA dealers, reportedly sold overpriced coins to investors under the guise of them being “premium” or “exclusive” coins. These coins are often presented as rare or having exceptional value. They are frequently minted exclusively for the gold IRA dealer selling them. This exclusivity is never a good thing because it makes them difficult for clients to price-check in the open market.
Unfortunately, this tactic has become a common strategy among certain Los Angeles area dealers who exploit investors’ lack of familiarity with market pricing. Such schemes often leave investors with coins that are significantly artificially overvalued and challenging to resell.
Investors can protect themselves by sticking to widely recognized bullion coins, such as American Eagles or Canadian Maple Leaf coins, which are universally accepted and have transparent pricing. These coins are trusted for their high purity, liquidity and the ease with which investors can verify their market value.
If you’re considering working with a company pushing exclusive or numismatic coins, it’s crucial to consult with a reputable firm like Certified Gold Exchange (CGE) before finalizing your transaction. CGE specializes in helping investors avoid scams and navigate the precious metals market confidently. A quick call to CGE can save you a significant amount of hassle and money, ensuring your investment aligns with your financial goals without falling prey to overpriced or illiquid assets. Transparency and market knowledge are your strongest tools when investing in precious metals. Eventually Oxford Gold Group got tired of keeping half the clients’ money and completely stopped shipping the metals.
Oxford Gold Group’s Downfall: How Overcharging Clients Led to a Class Action Lawsuit
Oxford Gold Group was established in 2017 in Beverly Hills, California. According to complaints online, clients began complaining about not receiving their metal as far back as 2022.
In 2024, Oxford Gold Group was accused of fraud in a class-action lawsuit, leading to state and federal investigations. Allegations included misappropriation of client funds and failure to deliver purchased precious metals. Subsequently, the company dissolved its operations, and its executives did not comment on the allegations or the lawsuit.
Before Oxford Gold Group IRA scams, there was Regal Assets also based in the Los Angeles area. Regal Assets was also a “so-called best gold company” for many years, and that was only because they paid popular websites a 6% affiliate fee.
Companies that give websites a percentage of your IRA can never be trusted, and the shocking thing is that most of the biggest financial websites make much of their income nowadays off affiliate fees.
Caution for Oxford Gold Group IRA Clients: Beware of Cold Call Scams
Clients of Oxford Gold Group should be cautious about unsolicited cold calls, especially in light of the company’s recent dissolution. Former employees, particularly those based in Southern California, may still have access to sensitive client information, such as phone numbers. These individuals might attempt to leverage this data to contact clients and persuade them to transfer their accounts to new firms. Given the history of questionable practices associated with Oxford Gold Group, including allegations of overcharging clients, it’s reasonable to question the integrity of those who previously worked for the company.
The risk of encountering “churn and burn” tactics—where accounts are frequently traded or swapped to generate excessive fees—should not be overlooked. These practices are often employed by less-than-honest representatives who prioritize their commissions over the well-being of their clients. Given their association with a firm notorious for unethical pricing strategies, these former employees may bring similar habits to their new roles, putting clients’ investments at further risk.
To safeguard against these risks, clients should exercise due diligence before engaging with anyone claiming to represent their best interests. This includes verifying the legitimacy of the caller’s new firm, researching their background, and seeking independent advice if approached with transfer requests. Remaining vigilant and informed is crucial to protecting your investments from those who may prioritize personal profit over ethical service.
If you are contacted by someone claiming to be authorized by your custodian, remember that custodians don’t make referrals to any gold IRA companies. Always reach out to the Certified Gold Exchange and remember we never make cold calls so you will have to initiate contact by calling 800-776-7253.
How to Transition Your Oxford Gold Group IRA to Certified Gold Exchange Safely
In light of Oxford Gold Group’s dissolution, many custodians have ceased their working relationship with the company. This change underscores the importance of choosing a reputable and ethical partner to manage your precious metals IRA. By designating Certified Gold Exchange (CGE) as the Interested Party on your account, you can benefit from reliable support without compromising control. This designation allows CGE to keep you informed about account updates, assist with Required Minimum Distributions (RMDs), and facilitate liquidations when needed.
Unlike Oxford Gold Group, Certified Gold Exchange maintains a strict policy of never acting as an Authorized Agent on any client account. This means that you, and you alone, have the power to authorize all buy and sell transactions, ensuring complete control over your investments. CGE’s commitment to transparency ensures that no trades or decisions are made without your direct consent, protecting your interests and reinforcing trust.
We strongly advise against granting any gold IRA dealer power of attorney or authorizing them as an agent for your account. Such designations could expose you to risks, including unauthorized transactions or unethical practices. With CGE as your Interested Party, you can rest assured that you are supported by a partner committed to safeguarding your retirement assets while leaving all critical decisions in your hands.
Sell a Oxford Gold Group IRA
If you’re looking to sell your Oxford Gold Group precious metals IRA, Certified Gold Exchange (CGE) makes the process seamless, transparent and rewarding. With CGE, you can liquidate your holdings quickly while benefiting from our Price Match Plus Guarantee, ensuring you receive one of the most competitive prices in the market.
Our Price Match Plus Guarantee means we will not only match any verified competitor’s buyback price but also beat it. Ensuring you get the best return possible for your precious metals. Additionally, our experienced team will guide you through every step, from evaluating your holdings to ensuring a smooth transition or liquidation.
Whether you’re liquidating for Required Minimum Distributions (RMDs) or reallocating your assets, CGE prioritizes your financial goals. We are committed to transparency and fairness, providing you with peace of mind and maximum value as you navigate the sale of your gold or silver IRA. Call CGE at 800-776-7253 for a quick and professional quote if you’re looking to liquidate your Oxford Gold IRA today.
Avoid These 10 Gold IRA Scams.
DEALERS USE ON YOU