SchiffGold Reviews & Complaints: Scam or Reputable?

SchiffGold
Google: 3.4/5
BBB: A+
Trustpilot: 3.2/5

SchiffGold is a full-service, discount precious metals dealer based in New York, New York. Founded in 2010 by Peter Schiff, it specializes in investment-grade gold and silver bullion. SchiffGold is known for selling the most liquid bullion products globally at the lowest prices. The company has an average rating of 3/5 on Focus on the User.

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Featured Reviews

Top Review

Featured
Tom T
5 stars
USA

"Very quick and responsive service, I received the gold I purchased very quickly and safely and couldn't be any happier with the result. The person that helped me was..."

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Top Complaint

Featured
Troy R
1 star
USA

"Purchased and was charged for 1000oz bar of silver that turned out to be 13oz light. was told that this was a very common issue and that the bars are very unreliable when..."

Read Complaints

What is SchiffGold?

SchiffGold, established in 2010 by Peter Schiff, a renowned economic forecaster and gold expert, is a discount precious metals dealer located in midtown Manhattan, New York. It specializes in investment-grade gold and silver bullion, offering a range of services including vault storage partners and physical gold IRAs. Initially named Euro Pacific Precious Metals until October 1, 2014, SchiffGold focuses on providing a trustworthy source of bullion for investors, advocating long-term investment in physical precious metals as a safeguard against inflation.

SchiffGold's approach is unique in its commitment to honesty and integrity in dealing with precious metals. The company does not sell overpriced numismatic or collectible precious metals products, adhering strictly to selling only liquid bullion products. This philosophy is rooted in Peter Schiff's belief that many gold buyers were previously misled by high markups on numismatic items by other companies.

SchiffGold Ratings

SchiffGold Reputation

Focus on the User Review
Focus on the User
3/5 stars
11 reviews (Aggregated)
Google Reviews
Google Reviews
3.4/5 stars
10 reviews
BBB Reviews
BBB
A+
N/a reviews
Trustpilot Reviews
Trustpilot
3.2/5 stars
1 review

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SchiffGold Reviews

Top SchiffGold Reviews

5 starsFeatured

"Very quick and responsive service, I received the gold I purchased very quickly and safely and couldn't be any happier with the result. The person that helped me was William Xiong and he was great to be in contact with to answer all my questions, which were quite a lot being a first time gold buyer. Absolutely a great place if you want to buy gold and Peter Schiff is a legend as well!"

Tom T
USA
5 stars
5 starsFeatured

"SchiffGold is Peter Schiff’s precious metals company. I talked with a precious metals expert who graciously answered all of my questions, and advised me on which products would best suit me. They also offer some of the cheapest prices for precious metals. Once I placed my order and they received my payment, I had my silver within 10 days. I highly recommend SchiffGold to all my friends and family who are interested in buying silver and gold"

Emily M
USA
5 stars
5 starsFeatured

"Phenomal service, my rep at Schiff gold is also fantastic. On top of that, the Peter Schiff podcast is a superb educational resource for the best quality business, finance, and political information."

Michael L
USA
5 stars
SchiffGold Complaints

Worst SchiffGold Complaints

1 starFeatured

"Purchased and was charged for 1000oz bar of silver that turned out to be 13oz light. was told that this was a very common issue and that the bars are very unreliable when it comes to weight by both Peter’s sales agent and the valet in Las Vegas. So if we all know this then why not weigh the bar before we sell it? Because they sure weighed the bar before I sold it back to them after a quick price increase, very schiffty."

Troy R
USA
1 star

Is SchiffGold a Scam?

SchiffGold is not a scam. It is a legitimate precious metals dealer with a solid reputation and an average rating of 3/5 on Focus on the User. The company's commitment to selling only the most liquid bullion products at competitive prices and its policy against selling overpriced numismatic metals further establish its credibility.

SchiffGold Pros and Cons

Pros

  • Pro: Competitive Pricing SchiffGold offers bullion products at some of the lowest prices in the market, making it an attractive option for cost-conscious investors.
  • Pro: Range of Services The company provides a variety of services, including vault storage and IRA options, catering to diverse investor needs.

Cons

  • Con: Limited Product Variety SchiffGold strictly sells bullion products, limiting choices for those interested in numismatic or collectible metals.
  • Con: Average Customer Rating With an average rating of 3/5 on Focus on the User, there may be mixed feedback regarding customer experiences.

SchiffGold Services and Products

SchiffGold is a full-service dealer offering a variety of products and services. It specializes in gold and silver bullion, including coins like the American Gold Eagle, Canadian Gold Maple Leaf, and American Silver Eagle. They also offer bars such as the 1-Oz Gold Bars and 10-Oz Silver Bars. Additionally, SchiffGold provides services like Gold IRA rollovers, vault storage, safe storage, and estate sales.

SchiffGold FAQ

Is SchiffGold a reputable company?

Yes, SchiffGold is recognized as a reputable and reliable precious metals dealer.

How long has SchiffGold been in business?

SchiffGold was founded in 2010.

Who is the owner of SchiffGold?

Peter Schiff, a renowned economic forecaster and gold expert, founded SchiffGold.

How does SchiffGold work?

SchiffGold operates as a discount precious metals dealer, offering a range of bullion products and related services like storage and IRA options.

Before Investing With SchiffGold

Consider obtaining for informed decision-making in precious metals investments. This guide can be particularly beneficial for those new to precious metals investing.

SchiffGold Homepage

Contact SchiffGold

  • Address: Madison Ave, New York, NY 10016
  • Phone: (800) 294-8732
  • Founded: 2010
  • Alternative Name: Peter Schiff
  • Business Contacts:
    • Peter Schiff
  • Category: Precious Metals Investment Company
Social MediaBusiness Hours
  • Saturday - 8AM–9PM
  • Sunday - 8AM–9PM
  • Monday - 8AM–9PM
  • Tuesday - 8AM–9PM
  • Wednesday - 8AM–9PM
  • Thursday - 8AM–9PM
  • Friday - 8AM–9PM
SchiffGold Address

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