Schiff Gold Review

Schiff Gold is a precious metals dealer founded by Peter Schiff. The company offers gold and silver focusing on transparent pricing and personalized support.

While Schiff Gold is recognized for its pricing and straightforward process, it lacks customer reviews to validate these claims.

Keep reading to learn more.

The Verdict for Schiff Gold

I’ve given them a rating of 7 out of 10.

Schiff Gold is a well-known precious metals dealer in the industry.

The company offers transparent pricing and a good buyback program, but lacks feedback and reviews from existing customers.

Before making a purchase, read more to understand whether or not Schiff Gold is the right precious metals partner for you.

Category	Rating (out of 10)
Product Offerings	8
Pricing & Fees	9
Security & Insurance	7
Customer Experience	8
Shipping & Delivery	7
Partnerships & Affiliations	7
Reputation & Reviews	7
Overall Rating	7

In this review of SchiffGold, I’ve followed GIC’s detailed criteria for evaluating a precious metals dealer.

About Schiff Gold

Schiff Gold was founded in 2010 as Euro Pacific Precious Metals. In 2014, the company rebranded to Schiff Gold after its founder Peter Schiff.

The company was founded to help investors purchase precious metals at low premiums.

Based in New York, Schiff Gold is a precious metals dealer focused on serving customers. The company is known for offering fair pricing and transparency.

While the company focuses on serving investors in the United States, it offers international storage for investors abroad.

The company was founded by Peter Schiff, a well-known economist and financial expert.

Schiff Gold’s mission is to help investors hedge against inflation and currency devaluation by offering physical gold and silver at low prices, emphasizing transparency and integrity in every transaction.

The company is led by Matt Malleo, Jonathan Sosnay, and Joel Bauman.

Schiff Gold has an A+ rating from the Better Business Bureau, but is not an accredited business. The company is not a member of any precious metals organizations.

Product Offerings

SchiffGold offers a variety of gold, silver, platinum, and palladium products to choose from including bullion coins, bars, and rounds.

Some of the company’s offerings include:

• Gold and silver American Eagle coins
• Gold and silver Canadian Maple leaf coins
• Gold and silver British Brittnania coin
• Gold and silver South African Krugerrand coin
• Gold and silver Austrian Philharmonic
• Gold Australian Kangaroo coins
• Gold American Buffalo coin

Schiff Gold also sells fractional gold coins, one ounce silver rounds, junk silver, barter metals, and limited edition bullion.

Schiff Gold does not sell numismatic coins in order to maintain low costs for its customers.

Schiff Gold offers coins that meet strict industry guidelines and adhere to IRS standards for IRA inclusion.

Everything sold by Schiff Gold must meet the following standards:

• Gold: 99.9% or 99.99% fine gold
• Silver: 99.9% purity or higher
• Platinum: 99.95% purity
• Palladium: 99.95% purity

The company maintains live inventory updates so you’ll know whether or not an item is out of stock.

Orders ship within one to two business days.

Pricing & Fees

Schiff Gold is known for offering transparent and fair prices. Everything on its website is listed at the current market price.

Schiff Gold does not charge high commissions.

Prices vary based on payment method. Schiff Gold accepts:

• Check
• Wire
• Bitcoin
• Debit Card

To keep prices low, Schiff Gold does not accept credit cards.

There is a minimum order requirement of 2 ounces gold and/or 100 ounces silver. Discounts are offered on bulk purchases.

All orders over $10,000 receive free shipping and insurance. Orders below that are charged a flat $25 fee.

All orders are fully insured during transit. Schiff Gold offers both domestic and international shipping.

Schiff Gold does not offer a gold IRA, but it does offer assistance choosing a custodian.

They offer a free retirement guide that you can download to learn more about how to work with Schiff Gold to set up a gold IRA.

Schiff Gold commits to buying back gold and silver at any time, whether you originally bought your gold from Schiff Gold or a competitor.

The company maintains a transparent process. Once you’re ready to liquidate your precious metals, you can call a specialist to lock in a price.

Ship your precious metals to Schiff Gold or choose one of eight drop off locations. You’ll receive payment once Schiff Gold receives your gold.

Security & Insurance

Schiff Gold takes precautions to secure transactions and protect customer data.

The company uses SSL encryption for secure communication and does not store customer data online.

All orders are fully insured by Lloyd’s of London during transit against loss or damage. Once a shipment is delivered or signed for, Schiff Gold’s liability to provide insurance coverage ends.

If an order is missing or damaged, customers have 48 hours to file a claim.

Schiff Gold does not offer in-house storage, but partners with third-party companies to provide secure vault storage in Las Vegas, Singapore, and Toronto.

Each depository insures precious metals against theft and damage.

Customer Experience

Schiff Gold offers a customer-centered approach with an emphasis on transparency. They provide customer support via phone, email, and live chat.

You can call 1-888-465-3160 to speak to a representative or request a callback. Customer service is available 8am to 9pm seven days a week.

You can also reach out via email at [email protected] or speak to a representative using the live chat prompt on Schiff Gold’s website.

The company prides itself on providing a top-tier customer service experience. The website is user-friendly with the ability to make purchases right on the website.

At this time Schiff Gold does not have a mobile app.

There are few reviews of Schiff Gold online and no information about the responsiveness of the Schiff Gold customer service regime.

Schiff Gold believes anyone who wants to invest in gold should be able to. The company provides extensive research and analysis, as well as reports to help guide investors as they add precious metals to their portfolios.

Schiff Gold also maintains a blog and newsletter to provide commentary on macroeconomic conditions.

At this time Schiff Gold does not offer a customer loyalty program.

Shipping & Delivery

Schiff Gold offers shipping to customers in the United States as well as overseas.

Orders over $10,000 qualify for free shipping and insurance. Orders less than $10,000 will incur a flat $25 shipping fee. 

Processing orders takes one to two days while shipping takes two to four days. Orders paid for by wire transfer will be shipped quicker than orders paid by check.

Shipping is provided by USPS, FedEx, and UPS. Packages are shipped in unmarked boxes to reduce the risk of theft.

Orders are fully insured during transit, however, once a package has been delivered or signed for, the customer becomes liable for it.

Partnerships & Affiliations

While Schiff Gold is a respected precious metals dealer its credibility largely relies on its founder, Peter Schiff.

It is not a member of any industry organizations.

In 2016, Goldmoney, a gold-based fintech company acquired Schiff Gold to improve the customer experience and offer wider access to Schiff Gold products.

In 2023, Goldmoney sold Schiff Gold back to Peter Schiff.

Peter Schiff has worked with celebrities like Megyn Kelly to discuss economic topics and the relevance of investing in gold.

Reputation & Reviews

Schiff Gold has limited customer reviews. The company has no customer reviews on the BBB.

It has a 2.9-star rating from two customers on Trustpilot and no ratings on Google. 

The customers who have left reviews report a negative experience. Customers believe Peter Schiff gives bad advice and one customer reported receiving products that were underweight.

The company has not responded to any issues or complaints. Schiff Gold maintains social media profiles on Facebook, X, and YouTube.

Schiff Gold Alternatives

While Peter Schiff is a well-regarded expert on investing in gold, Schiff Gold has high order minimums that may make it inaccessible for some investors.

Here are a few alternatives to consider.

Goldco

Goldco offers a large variety of gold and precious metals to purchase. Unlike Schiff Gold, Goldco offers gold IRAs.

Get access to their free gold and silver kit

JM Bullion

JM Bullion offers competitive pricing and a user-friendly platform, making it ideal for investors who want to invest consistently.

APMEX

APMEX is one of the largest and most established online precious metals dealers in the industry.

Is Schiff Gold a legit precious metals dealer?

SchiffGold is a well-known precious metals dealer with a focus on transparency and fair pricing.

While Peter Schiff has a reputation for promoting gold investments, the company has very few reviews from its customers.

It’s difficult to say how competitive the company’s prices are and what you can expect from their customer service representatives.

Speak with a precious metals specialist to learn more about what Schiff Gold offers and whether or not the company makes sense for your financial goals.

FAQs