Bishop Gold Group is a precious metals dealer that was founded in Los Angeles, CA in 2017. The company claims its mission is to help clients feel confident and secure in their finances by investing in precious metals. Let’s clear our doubts with this detailed article.
Address: 1801 Century Park E 24th Floor, Los Angeles, CA 90067, United States
Phone: +1 833-589-8100
People Behind Bishop Gold Group: CEO, Owner, Co-Founders & More
Bishop Gold Group is propelled by a dynamic and accomplished management team dedicated to empowering investments. Their expertise and strategic vision drive the company’s success in the precious metals market.
Mr. Michael Martinez (Senior Director):
Bishop Gold Group is fortunate to have Michael Martinez as their esteemed Senior Director, bringing valuable expertise and leadership to the organization. With his extensive knowledge of the precious metals industry, Michael plays a crucial role in the company’s success.
With a career spanning several years in the precious metals market, Michael Martinez possesses a deep understanding of the industry’s dynamics and trends. His comprehensive knowledge allows him to provide strategic guidance and make informed decisions to navigate the ever-changing market landscape.
As the Senior Director, Michael’s responsibilities encompass various facets of Bishop Gold Group’s operations. He plays a key role in formulating and implementing the company’s business strategies, ensuring long-term growth and profitability. Michael’s keen insights and analytical skills contribute to the development of effective investment and retirement savings plans, allowing clients to achieve their financial objectives.
Anders Donatelli (Account Executive):
Anders Donatelli serves as an esteemed Account Executive at Bishop Gold Group, contributing his extensive knowledge and expertise to the organization. With a strong background in the financial industry, Anders plays a crucial role in providing exceptional service to clients and driving the company’s growth.
With years of experience in the field, Anders Donatelli possesses a deep understanding of the precious metals market, investment strategies, and financial planning. His comprehensive knowledge enables him to offer valuable insights and guidance to clients seeking to diversify their portfolios with precious metals.
As an Account Executive, Anders Donatelli takes a client-centric approach, ensuring that each client’s unique financial goals and investment objectives are understood and addressed. He excels at building strong relationships with clients, establishing trust, and providing personalized attention to their specific needs.
Jason Fredericks (Director Of Corporate Finance & Accounting):
Jason Fredericks holds the esteemed position of Director of Corporate Finance & Accounting at Bishop Gold Group, bringing a wealth of expertise and experience to the organization. With his strong financial background, Jason plays a pivotal role in driving the company’s financial operations and ensuring sound financial management.
Jason Fredericks excels in financial planning and analysis, providing critical insights and recommendations to support strategic decision-making. He collaborates closely with the executive team to develop and execute financial strategies that align with the company’s goals and objectives. Jason’s keen financial acumen ensures that Bishop Gold Group operates in a fiscally responsible manner while maximizing profitability.
In addition to financial planning, Jason oversees the accounting functions of the company. He ensures accurate and timely financial reporting, compliance with regulatory requirements, and adherence to accounting principles. His meticulous attention to detail and commitment to financial transparency guarantees the integrity of Bishop Gold Group’s financial statements.
Sydney Berg (Director Of Operations):
Sydney Berg brings a wealth of experience to her role, having worked extensively within the precious metals sector. Her deep understanding of the industry enables her to oversee the smooth processing of transactions, ensuring efficiency and accuracy in every step of the operation. Whether it’s handling orders, managing inventory, or coordinating logistics, Sydney’s meticulous approach guarantees a seamless experience for Bishop Gold Group’s clients.
As the Director of Operations, Sydney Berg plays a pivotal role in ensuring the company’s day-to-day operations run smoothly. Her strategic vision and attention to detail help optimize processes, streamline workflows, and enhance overall operational efficiency.
Sydney’s extensive background in the retirement and investment industry also enables her to provide valuable insights to clients seeking guidance on their portfolios. Her knowledge of retirement planning and investment strategies ensures that clients receive expert advice tailored to their specific financial goals.
But no more information is available regarding its CEO and founder on its website. This can affect the company’s reputation with its investors and customers.
Transparency is Important
All gold IRA companies are NOT the same. We’ve done the hard work for you and found the most transparent gold IRA company with the highest rating by customers.
Bishop Gold Group Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Bishop Gold Group
Informed Investment Decisions At Bishop Gold Group?
They claim to provide prioritized informed decision-making. They provide clients with detailed product information, including weight, purity, design, and more. This empowers individuals to make well-informed choices when selecting precious metals as investment vehicles.
They claim to be expertise in Investment and Retirement Savings:
Take advantage of our expertise in investment and retirement planning with Bishop Gold Group. We offer valuable services, including assistance in opening and managing precious metal Individual Retirement Accounts (IRAs). Our team provides guidance on portfolio diversification, ensuring your retirement plans are on track.
Comprehensive Services for Peace of Mind:
Bishop Gold Group offers a range of services designed to cater to your needs. Whether you require investment advice, secure storage solutions, or flexible delivery options, our team is here to assist you. We understand that not everyone has the time or expertise to navigate the precious metals market alone, so we provide professional support to make your experience seamless.
Bishop Gold Group offers a wide range of precious metal products, including gold, silver, palladium, and platinum. Let’s explore the variety available within each category:
Silver Coins and Bars:
There is a selection of silver coins, including American Buffalo rounds, silver rounds with the company’s choice of design, JFK coin rounds, American Eagles, Jefferson War Nickels with 35% silver, Canadian Maple Leafs, and Australian Kangaroos. These coins provide an opportunity to invest in silver with different designs and origins. It’s important to note that not all silver coins are eligible for an Individual Retirement Account (IRA).
Bishop Gold Group also offers silver bars in sizes ranging from 1, 5, 10, and 100 ounces. These bars provide flexibility for investors who prefer the convenience and purity of silver in bar form.
Gold Coins and Bars:
The inventory of gold coins at Bishop Gold Group offers a vast variety. Gold coins can be sourced from Canada, the United States, the United Kingdom, Mexico, the Netherlands, Australia, and South Africa. The selection includes iconic coins from around the world, allowing investors to diversify their gold holdings across different countries and designs.
In addition to gold coins, Bishop Gold Group provides gold bars in various sizes. Buyers can choose from gram and ounce measurements. Gram bars are available in sizes of 1, 2.5, 5, 20, 25, 50, and 100 grams. Ounce bars are offered in sizes of 1, 5, and 10 ounces. For those seeking larger quantities, a 1-kilogram gold bar is also available.
For platinum investments, Bishop Gold Group offers American Eagle coins. Additionally, customers can contact the company directly to inquire about the availability of platinum rounds or pure bars.
Investors interested in palladium can purchase Canadian Maple Leaf coins through Bishop Gold Group. For those considering alternative palladium products, reaching out to the company for information on the availability of pure bars would be advisable.
Beware of Gold IRA scams. Recently several scams have been charged by the authorities. Companies such as Regal Assets, Safeguard Metals and Red Rock Secured defrauded hundreds of retirees like you and me. I strongly suggest you learn how to identify gold IRA scams. You can request a free guide using the button below:
Bishop Gold Group provides a diverse selection of precious metal products, allowing investors to choose from a range of coins and bars in gold, silver, platinum, and palladium. Their collection also includes an array of collectible items for discerning collectors. It is recommended to contact the company directly for specific inquiries about product availability and eligibility for IRAs.
Let’s Unlock the Power of Precious Metal IRAs:
Dive into the world of precious metal IRAs with Bishop Gold Group. A precious metal IRA is a specialized investment account that allows individuals to invest in physical gold, silver, platinum, and palladium. Enjoy the same benefits as regular IRAs, including tax-deferred growth potential, liquidity, and protection against inflation. The key distinction is that precious metal IRAs are backed by tangible assets, offering an added layer of security compared to paper assets like bonds and mutual funds.
How to Invest in The Bishop Gold Group?Step-by-step guide for investing in The Bishop Gold Group
To invest in a precious metals IRA through the Bishop Gold Group, here are the general steps:
Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with the Bishop Gold Group to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or roll over funds into the new account.
Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as Bishop Gold Group.
Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from the Bishop Gold Group in this area.
Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.
However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.
Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer in your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.
Bishop Gold Group Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the Bishop Gold Group reviews & complaints
Better Business Bureau (BBB):
On the Better Business Bureau website, Bishop Gold Group has A+ ratings based on 18 customer reviews. They are since 5 years in the industry. A total of only 1 complaint has been filed and closed in the last 3 years. This business is also BBB accredited on Better Business Bureau website.
The Better Business Bureau (BBB) is a non-profit organization that helps consumers make informed decisions about businesses. The BBB assigns ratings to businesses based on a number of factors, including the number of complaints received, how the business handles complaints, and the business’s overall business practices.
An A+ rating is the highest rating that the BBB can give to a business. It means that the business has met the BBB’s high standards for customer service and business practices. Businesses with an A+ rating have typically received few complaints, and they have handled any complaints that they have received promptly and fairly.
Bishop Gold Group has received a few complaints on online trusted platforms and it has less reviews online.
Bishop Gold Group has received several unresolved complaints from customers. There are also several unresolved negative reviews on different platforms. Our #1 rated gold IRA company has ZERO unanswered complaints on BBB.
It is important to note that the BBB’s ratings are not a guarantee of a business’s quality or reliability. However, they can be a helpful tool for consumers who are looking for businesses that have a history of good customer service.
On the Trustpilot website, Bishop Gold Group has 4.8 stars out of 5-star ratings based on customer reviews. There are 42 customer reviews on the website. The business has an excellent rating on Trustpilot.
An Excellent rating on Trustpilot is the highest rating that a business can receive. It means that the business has received overwhelmingly positive reviews from its customers. Businesses with an Excellent rating typically have a TrustScore of 4.5 or higher.
To achieve an Excellent rating on Trustpilot, a business must consistently provide excellent customer service. This means being responsive to customer inquiries, resolving issues promptly and fairly, and going above and beyond to meet customer expectations.
Businesses with an Excellent rating on Trustpilot are often seen as being reliable and trustworthy. They are more likely to attract new customers and retain existing customers. If you are looking for a business that is likely to provide excellent customer service, you can check its Trustpilot rating. A business with an Excellent rating is a good indication that you are likely to have a positive experience.
On Yelp, Bishop Gold Group has 3.5 stars out of 5-star ratings based on only 3 customer reviews. The reviews are mostly positive. The customer praised their services and products. While there are some complaints too regarding products and their shipping.
On Google, Bishop Gold Group has 4.4 stars out of 5-star ratings based on customer reviews. There are 22 customer reviews on Google, and most of them are positive, with customers praising the company’s excellent customer service, professionalism, and expertise.
Some Positive Customer Reviews:
#1. Benny expresses satisfaction with the ongoing relationship, noting that it has been highly positive thus far. He appreciates the accessibility and extensive knowledge of Paul and his entire team. Benny also mentions his preference for receiving quarterly statements, which would provide clarity on his progress and help ensure he is on the right track. He further suggests that occasional phone calls would be valuable to him. Benny concludes with gratitude and thanks.
#2. Joshua Z. shares his recent experience with Bishop Gold Group, stating that he placed an order with them. He expresses utmost satisfaction with the impeccable service provided by the company. Joshua is pleased to report that he received his metals in a remarkably quick timeframe of just 5 days. Based on his positive encounter, he enthusiastically recommends Bishop Gold Group to anyone in search of similar services.
#3. Dillon Gage recounts his experience of reaching out to Bishop in February 2023 to purchase gold bars. He commends the company for guiding him through the entire process with patience and expertise. Dillon expresses satisfaction with the prompt delivery of the gold, which arrived in less than three weeks. Based on this positive encounter, he strongly recommends Bishop to others seeking similar services.
#4. Alan Masks shares his positive experience, mentioning that he recently obtained gold bars from Bishop. He describes the process as incredibly straightforward. Additionally, he highlights the remarkable pricing offered by Bishop, surpassing most competitors online. Alan highly recommends Bishop based on his experience.
#5. Cynthia W expresses her appreciation by stating that the company is excellent and the leadership is exceptional. She acknowledges the outstanding guidance provided and expresses deep gratitude. It is a thoroughly deserved review, and she extends her thanks once again to everyone involved.
Some Negative Customer Reviews:
#1. Rick L. shares his skepticism regarding the legitimacy of the individuals he encountered at Bishop Gold Group. He recounts a phone call where he struggled to ascertain the caller’s identity and received no mention of the company name. Furthermore, the caller claimed to be unlicensed but still expressed interest in handling Rick’s IRAs and retirement accounts. Rick emphasizes the importance of being licensed to perform the services they claimed to offer. Due to these concerns, he urges caution when considering sending money to these individuals.
#2. Noah Wright expresses his dissatisfaction with Bishop Gold Group, stating that they are the reason he is currently living in a car. He advises against trusting them with hard-earned money.
#3. Matthew Ricker states that he did not find any prices listed on the website. As a result, he had a more positive experience purchasing from SD Bullion.
#4. One of its employee complaints expresses dissatisfaction with the company, referring to them as “weasels.”
Poor quality leads were obtained by scraping data from Facebook.
Only 10% of openers earn above minimum wage.
Closers range from mediocre to extremely poor.
Processors fail to salvage deals at the first sign of difficulty.
Lack of accountability and transparency in ongoing deals, requiring blind trust in management.
Closers may delay payments to openers, waiting for them to quit to avoid payment while increasing their own share of deals.
Openers are primarily used as marketing tools to find potential clients among a vast amount of irrelevant data.
The employee suggests that an untrustworthy and hands-off management approach creates a toxic work environment. They believe the company’s structure heavily favors a select few individuals, while the majority of employees are promised unattainable dreams.
Does Bishop Gold Group offer stock market investments?
Inflation and volatile stock markets can erode people’s investments, and the stock market can be a risky venture that requires constant monitoring.
No, they don’t offer stock market investment services. Bishop Gold Group offers a safe and secure way for clients to invest in precious metals, which have provided a hedge against inflation and stock market volatility for decades.
The company’s focus on the client is its biggest driving factor. Clients are considered part of the team, and they will always have the full attention of any employee. Even if you just have questions and don’t want to make a purchase, this is still a safe place to do so.
Bishop Gold Group Lawsuits: UniCourt, Justia, CasetextHave its customers sued Bishop Gold Group?
PAUL STONE VS BISHOP GOLD GROUP, LLC.., A CALIFORNIA CORPORATION:
Paul Stone filed a Labor – Other Labor lawsuit against Bishop Gold Group, LLC, a California corporation, on November 18, 2022. The case was filed at the Stanley Mosk Courthouse in Los Angeles, California, within the Los Angeles County Superior Courts. The Honorable Teresa A. Beaudet is the presiding judge. Currently, the case status is listed as Pending – Other Pending.
Case Number: *******6564
Filing Date: November 18, 2022
MELISSA MERLOS, ET AL. VS BISHOP GOLD GROUP, LLC;
On March 3, 2022, Melissa Merlos filed a Labor – Other Labor lawsuit against Bishop Gold Group, LLC. The case was filed in Los Angeles County Superior Courts, specifically at the Stanley Mosk Courthouse in Los Angeles, California. The presiding judge for this case is Rupert A. Byrdsong. As of now, the case status is listed as Pending – Other Pending.
Case Number: *******7773
Filing Date: March 3, 2022
Our top companies have a clean background and aren’t involved in any kind of major legal dispute. You can check out the list here.
Is Patriot Trading Group Legit? Should You Invest With Them?Is the Patriot Trading Group a scam or legit? Are they worth it?
No, I don’t think you should invest in them.
While they are a legit company, they are not the best.
Bishop Gold Group has a good reputation for customer service. The company has been accredited by the Better Business Bureau (BBB) with an A+ rating, and it has received positive reviews from customers on Trustpilot and Google.
Before you decide on anything, I suggest you check out our top gold IRA companies.
They have A+ ratings on BBB
Focus on client education
Relatively new in the industry
Faced multiple lawsuits
Received many complaints
Absence of segregated unit storage options
On the other hand, if you have any questions regarding gold IRAs, check out the following guide: