Michael J. Spencer, the esteemed founder of Schiff Gold, is widely regarded as one of the world’s top experts in the field. His exceptional reputation among both peers and clients is evident through his prestigious AMP Global Elite status and various other accolades.

With a background as an expert trader and former investment banker, Mr. Spencer possesses profound insights into the inner workings of the financial world. His expertise allows him to navigate complex systems and offer invaluable guidance to Schiff Gold’s members. In addition to his responsibilities at Schiff Gold, Mr. Spencer also serves as an advisor to GoldMoney, an esteemed online exchange platform specifically designed for gold transactions.

Through his deep understanding of the industry, Mr. Spencer breaks down barriers and empowers individuals to participate in the world of finance with confidence. His vast knowledge and experience enable him to provide invaluable insights and strategies to Schiff Gold’s clients, further solidifying the company’s position as a leader in the field.

Under the guidance of Michael J. Spencer, Schiff Gold continues to deliver exceptional services, expertly guiding individuals through the intricacies of precious metal investments. Mr. Spencer’s involvement with GoldMoney further exemplifies his commitment to revolutionizing the gold exchange landscape, leveraging technology to make gold more accessible and user-friendly for investors around the globe.

In conclusion, Michael J. Spencer’s profound expertise, as demonstrated by his esteemed status and advisory roles, positions him as a leading figure in the world of precious metal investments. Through his visionary leadership, Schiff Gold thrives as a trusted partner, while his involvement with GoldMoney showcases his dedication to driving innovation within the industry. Investors can take comfort in knowing that they are in the hands of a true industry luminary when engaging with Schiff Gold and benefit from the wealth of knowledge and experience that Mr. Spencer brings to the table.

Rating

Schiff Gold has earned an impressive 4.4 out of 5-star rating from independent review sites. These ratings are a result of genuine feedback provided by clients and users, reflecting their satisfaction with the company’s services. However, it is important to exercise discernment when evaluating any reviews, as relying solely on them may not provide a comprehensive picture.

When assessing the legitimacy of these ratings, it is crucial to consider whether they were submitted by actual clients and users or potentially influenced by biased sources. While some reviews may be from genuine individuals sharing their experiences, it is always prudent to approach online ratings with a critical mindset and be aware of the potential for “advertiser-paid” users who may not offer unbiased opinions.

That being said, Schiff Gold has established itself as a reputable broker that can be trusted with your capital and funds. The company’s consistent positive ratings reflect the satisfaction of a significant majority of its clients and users. By carefully examining various sources, including independent reviews, one can gain valuable insights into the quality of services offered by Schiff Gold.

Additionally, the company’s recognition and media coverage in numerous news sources and journals contribute to its credibility. Being featured in reputable publications highlights the company’s standing within the industry and further affirms its commitment to providing reliable services to its clientele.

In summary, Schiff Gold’s 4.4/5 star rating from independent review sites, based on feedback from genuine clients and users, underscores the company’s dedication to customer satisfaction. While it is essential to remain cautious of potential biases, the positive ratings demonstrate the trustworthiness of Schiff Gold as a broker. The company’s presence in various news sources and journals further solidifies its reputation as a reputable player in the industry.

Refund Policy

When it comes to financial transactions with Schiff Gold, the company only charges fees during the transfer process. The specific amount of these fees varies based on factors such as your account type and the duration of your deposit, ranging from $0 to $250.

Schiff Gold’s buyback guarantee is highly regarded in the industry, providing added assurance to its clients. While the guarantee is designed to facilitate smooth and timely refunds, it is important to acknowledge that in some instances, a small number of clients experienced delays in receiving their funds. It should be noted, however, that these delays were not caused by any error on the part of the customer, but rather due to external factors beyond the broker’s control.

Although it is unfortunate that a few clients had to wait for several months to recoup their funds, it is crucial to recognize that such situations were exceptional cases and not reflective of the standard experience with Schiff Gold. The company maintains a commitment to resolving issues promptly and ensuring customer satisfaction to the best of their abilities.

In summary, Schiff Gold operates with transparency regarding fees, only charging them during the transfer process based on your account type and deposit duration. The broker’s buyback guarantee is highly regarded, although it is important to acknowledge that rare instances of delays in fund reimbursement occurred due to external factors. Overall, Schiff Gold strives to provide a reliable and efficient service to its clients, aiming to address any concerns and maintain customer satisfaction.

Reviews

At SchiffGold, your satisfaction is their priority, and they are committed to addressing any concerns you may have. The company values your feedback and strives to ensure that every individual who becomes a part of their community is delighted with the services they offer.

Shipping 

Schiff Gold offers customers a range of shipping options to accommodate their preferences. Let’s explore the available choices:

1. Online Tracker Shipping: This option provides customers with an online tracking feature that allows them to monitor the progress of their shipment. While this option may come with a slightly higher shipping price compared to other methods, it offers the convenience of real-time tracking, giving you peace of mind and visibility into the delivery process.

2. In-Person Pickup in Dallas, Texas: For customers who prefer a more hands-on approach, Schiff Gold provides the option to personally pick up your gold at their location in Dallas, Texas. This allows you to interact directly with the company and collect your precious metals in person. This option eliminates shipping fees and offers the added benefit of immediate possession of your gold.

3. Worldwide Delivery: If you are located outside of Dallas or prefer the convenience of having your gold delivered to your doorstep, Schiff Gold offers worldwide shipping. While delivery times may vary depending on your location, the company aims to process and verify your deposit promptly. Typically, orders are sent within 1-3 business days after the deposit has been processed and verified. It is important to note that international shipping may take longer due to customs and logistical considerations.

By offering multiple shipping options, Schiff Gold aims to accommodate different customer preferences and ensure a seamless and satisfactory delivery experience. Whether you choose the online tracker shipping, in-person pickup, or worldwide delivery, the company strives to provide efficient and reliable service to meet your specific needs.

Services

Schiff Gold stands out among other brokerages by offering an abundance of resources that are hard to find elsewhere. The broker provides flexibility when it comes to working out spreads and commissions, allowing clients to tailor their trading experience. Additionally, Schiff Gold provides valuable information about buybacks, a feature that is not commonly found in the industry.

The expertise and recognition of Schiff Gold’s CEO, Charles Goetz, adds credibility to the company. Goetz has been featured in esteemed publications such as Forbes and the Wall Street Journal, further enhancing Schiff Gold’s reputation.

The broker has received numerous awards and has demonstrated steady growth, indicating a positive trajectory for the company. This track record is a promising sign for potential clients seeking a reliable and reputable brokerage.

Schiff Gold has garnered a loyal customer base, with many individuals choosing to make it their primary platform for precious metals trading. Positive reviews highlight the excellent service, professionalism, and customer satisfaction experienced by clients. The willingness of customers to recommend Schiff Gold speaks volumes about the broker’s reputation and reliability.

The 30-day buyback guarantee offered by Schiff Gold provides an additional layer of confidence for clients. This guarantee sets them apart from other brokerages, offering peace of mind to traders and fostering trust among potential customers.

Customer support at Schiff Gold is readily available, with agents accessible via phone or live chat at any time of the day. The knowledgeable and responsive customer service team ensures that clients receive the assistance they need promptly and efficiently.

Schiff Gold offers two types of accounts: retail and institutional. The retail account is designed for first-time depositors and individuals seeking a conservative account type. The institutional account, on the other hand, caters to those with over $5 million in assets who wish to trade on margin. These account options provide flexibility to accommodate different investment preferences.

The broker offers both daily and monthly payout options, with a minimum charge of $20. Clients have the flexibility to choose their preferred payment frequency, and various payment terms are available to suit individual needs.

Schiff Gold’s main competitor in the US market is UBS. While UBS may offer higher commissions and buybacks, Schiff Gold distinguishes itself by providing deposit insurance, giving clients an added layer of protection.

Client reviews for Schiff Gold vary in sentiment, ranging from positive to negative. However, the company has maintained consistent ratings over the years, with many clients reporting positive experiences.

In conclusion, Schiff Gold presents an appealing option for those seeking a US-based precious metals broker. The broker’s standout features include the buyback guarantee, user-friendly interface, and a wide range of payment options. While it is important to note that the quality of their services may have varied in previous years, Schiff Gold currently offers a friendly and reliable service, making it a viable choice for individuals interested in trading and investing in gold.

Customer Ratings

The user ratings for Schiff Gold are predominantly positive, with high recommendations from experienced users who have had previous experience with other brokers. However, some novice traders may struggle with certain aspects of the firm’s operations.

CNBC has awarded Schiff Gold a rating of 4 out of 5 stars, highlighting the company’s gold buying model and its reputable position as a brokerage firm worldwide.

In addition to CNBC, other reviews also speak highly of Schiff Gold. Many positive reviews come from long-term users who have witnessed the company’s evolution over the years.

Positive ratings emphasize that Schiff Gold is particularly beneficial for beginners and casual traders, offering competitive prices compared to other online brokers.

Entrepreneurs, in particular, have expressed satisfaction with Schiff Gold’s services, noting its suitability for serious traders. However, they advise that newcomers to trading may face challenges adapting to certain aspects of the broker’s platform.

With an average rating of 4 out of 5 stars, Schiff Gold ranks second among gold-buying companies in the US. The credibility of these ratings is reinforced by the fact that they come from genuine clients and users.

Customer support at Schiff Gold operates primarily through email communication, although clients can rest assured that they are interacting with real individuals. The customer service representatives are knowledgeable and provide valuable assistance.

Schiff Gold offers bonuses to customers who deposit over $5,000 within 90 days of opening their accounts. Additional bonuses may be available based on the initial deposit made.

For those considering an institutional account, Schiff Gold offers lower rates compared to the retail option. While the products offered are the same, an institutional account requires a minimum deposit of $50,000 and incurs a 2% commission, whereas clients with no more than $5,000 in assets face a 1% commission.

In terms of cost, Schiff Gold is slightly more expensive compared to other gold companies in the US. The Annual Fund Fee stands at 0.36%, which is generally in line with other brokers but slightly on the higher side. There are no membership fees, but the annual fund manager fee amounts to approximately $1,750 for individuals and $3,500 for institutions.

The average spread for Schiff Gold, which reflects the difference between the buying and selling prices, is 1.20%. This figure is relatively low compared to other brokers in the US. The company’s 1% fee is allocated towards repurchasing clients’ gold when they wish to sell, ensuring a fair transaction.

Overall, Schiff Gold receives positive ratings and offers a trustworthy platform for individuals seeking a US-based gold brokerage. The company’s buyback guarantee, competitive prices, and user-friendly interface make it an appealing choice. However, it is worth noting that past experiences may vary, and individuals should carefully consider their specific needs and preferences before making a decision.