Aug 18, 2014 by William
Birch Gold established in 2003 is just one of hundreds of Internet-based gold marketing companies. They market material gold, silver, platinum, and palladium. These products can be placed into an Individual Retirement Account (IRA) or held as physical items. Birch carries out business from offices in Burbank, California.
A basic evaluation and research of Birch Gold results in quite a few good marks. They have an A+ ranking with no grievances from the Better Business Bureau, Business Consumer Alliance gives them a AAA score and 5 superstars from Trustlink and Trustpilot.
If you are trying to find a safe place to buy gold as an investment, the Ripoff Record confirms Birch Golds performance is normally regarded as sensible and fair when compared with their market competition. When its coins are being taken into consideration Birch deals only with the United States mint or the Canadian mint. They do not do business in gold or silver in third world countries or Mexico; although there have been comments that reveal negotiations with individuals in these marketplaces. With over 10 years in operation, they have actually obtained and maintain a good rating with assessment companies.
Like all financial investments, each person has the duty to do their own study and make their own choices. With the steady injection of monies into the federal economies by the first world countries, it’s a safe bet that purchasing gold as an investment hedge nowadays is a prudent and protective idea. Also, when the cash supply levels off, you can feel safe with gold and precious metals, historically, their value will probably remain fairly constant or most likely rise, whereas paper money will fluctuate at a lower value and usually reduce in comparative value.
Birch Associated Firms
When it comes to making mony, Laith Alsarraf, the firm’s CEO, is extremely successful. When he choses a financial investment,this will, in all probability, become a profit center. Investing with him will, in all probability, be a good choice.
One of his associated companies is in the adult entertainment business. It is possible that some investors may take exception to this type of venture; however, it must be noted this financial return stream is very profitable. Forbes magazine has a superb write-up on the subject of Adult-related ventures.
An additional possible issue directly influencing Birch’s business entails the advertising of numismatic coins. Their website suggests fairly clearly that “numismatic coins” are something they recommend as an acquisition. Meanwhile there several numismatic and/or coin collector/sellers currently under government investigation for fraudulent practices.
Additionally, on RipOffReport.com (RipOffReport)a possible Birch client claimed “Meanwhile, this guy keep lying to me over and over. Turns out they just want to sell collectible gold and silver coins at a 30% mark up.”
In the final analysis, numismatic coins investing is incredibly risky, with the real possibility of significant financial loss. It’s not just the value or their gold content, numismatic coin enthusiasts regard these items as collector coins with value added “collector value”. There aren’t any U.S. Government regulations for gold sales, as a result, many gold marketers have made some very speculative decisions involving numismatic coins. Much to the dismay of many investors.
On that note, recently, the Santa Monica City Lawyer’s Office sued Merit Gold regarding their sale of numismatic coins to unsuspecting investors.
Marketers commonly proclaim the fact that there was a gold confiscation order in 1933 by President Roosevelt, and numismatic coins were exempted from the order. This occurred over 80 years back in a much different America, at a time when several other outrageous events took place– such as lack of women’s suffrage. It is safe to state that times have changed. Any marketer selling numismatic coins by utilizing the “panic strategies” of a 1933 legislation, is not serving their clients.
In the final analysis, it is the investors responsibility to do their “due diligence” by researching and comparing the business practices of a number of companies. Unquestionably, Birch Gold Group has many clients who report favorably on the company. There are many gold marketers who cannot say the same.
Birch Gold’s solid rating at BBB, BCA, and Trustlink are positives. The only slight concerns could possibly be the adult-oriented record of the company’s proprietor, and the promotion of numismatic coins.
Also be sure to read our thorough review of Regal Assets, which is our #1 recommended gold dealer online.