Important update (October 2026): Oxford Gold Group is no longer operating. The Beverly Hills dealer closed its office in April 2024. In August 2024, ABC7 Los Angeles reported that clients alleged the company took retirement money without buying the promised gold and silver, that a class action lawsuit had been filed against company executives, and that a federal investigation was underway. Do not send money to anyone claiming to represent Oxford Gold Group. If you were a client, start with your IRA custodian, as explained below.
This page previously described Oxford Gold Group’s IRA services. We have replaced it with current information for anyone researching the company or trying to recover their account.
What happened to Oxford Gold Group?
| Date | Event |
|---|---|
| 2017 | Company founded in Beverly Hills, California, according to industry reviews |
| April 2, 2024 | California Franchise Tax Board suspended the company, according to ABC7 |
| April 2024 | Beverly Hills office closed; the website reportedly stayed online through July |
| 2024 | Better Business Bureau revoked its accreditation |
| August 2024 | ABC7 reported a class action lawsuit and a federal investigation; clients alleged their money was taken without metal being purchased |
These are allegations reported in the news and in a civil lawsuit. Check court records and official sources for the current status of any case.
I was an Oxford Gold Group client. What should I do?
- Call your IRA custodian directly. Use the phone number on your custodian’s statements or website, not one from an Oxford email. Ask for a list of the metal your IRA actually holds and where it is stored.
- Compare that list with what you paid for. Gather your invoices, trade confirmations, wire receipts and emails.
- Remove Oxford as the dealer or representative on your account. Ask the custodian how to name a new dealer, or how to transfer the IRA to a different custodian.
- Report losses. File complaints with the FBI’s Internet Crime Complaint Center, the California Department of Financial Protection and Innovation, and your own state securities regulator.
- Talk to an attorney about the class action or your own claim. Keep copies of everything.
Is the metal in my IRA safe?
It depends on whether it was ever delivered. Metal that was bought and delivered to an independent depository, and recorded by your custodian, belongs to your IRA, not to the dealer. A dealer closing does not change that. Money paid for metal that was never purchased is the part at risk, and recovering it typically requires legal action.
How do you avoid recovery scams?
After a company collapses, former clients are often targeted by fraudsters who promise to recover lost money for an upfront fee. Warning signs:
- Unsolicited calls or emails that already know you were an Oxford client
- Requests for upfront fees, gift cards or crypto to “release” funds
- Claims to be from a government agency asking you to pay to receive money
Government agencies do not charge you to recover funds. Verify anyone who contacts you through official websites.
What lessons does Oxford Gold Group teach gold IRA buyers?
- Confirm delivery quickly. Within a few weeks of a purchase, your custodian statement should show each coin or bar.
- Pay through your custodian, not directly into a dealer’s account, whenever possible.
- Check a company’s standing with the BBB, your state regulator and the California Secretary of State or your state’s business registry before you invest.
- Treat pressure as a warning. Urgency, crash predictions and rare-coin pitches are common in problem cases.
Our guide to what a gold IRA protects against and our gold IRA scams guide cover these steps in more detail.
Frequently asked questions
Is Oxford Gold Group still in business?
No. The company closed its Beverly Hills office in April 2024 and is no longer operating, according to ABC7 Los Angeles.
What happened to Oxford Gold Group?
Clients alleged the company took retirement money without buying the promised metal. ABC7 reported a class action lawsuit and a federal investigation in August 2024.
How do I find out what is in my Oxford Gold Group IRA?
Contact your IRA custodian directly using contact details from its official website or your statements, and ask for a list of holdings and their storage location.
Is my gold safe if Oxford Gold Group closed?
Metal that was delivered to an independent depository and recorded by your custodian belongs to your IRA. Money paid for metal that was never purchased is at risk.
Where can I report losses from Oxford Gold Group?
You can file reports with the FBI's Internet Crime Complaint Center, the California Department of Financial Protection and Innovation, and your state securities regulator, and consult an attorney.
Source: ABC7 Los Angeles, “Oxford Gold Group: Class action lawsuit filed, federal investigation underway” (August 2024). This page summarizes public reporting and allegations; it is not legal advice.