Patriot Gold Group Review

Item: Patriot Gold Group
Rating: 4.3
Author: Christopher Horne

Wednesday, May 31st 2023

If you’re into precious metal investments, it’s generally important to do your due diligence before engaging in business with any dealer. I believe that’s the reason you are here. You’ve probably come across the Patriot Gold Group and don’t know whether the company is worth your time and hard-earned money.

We’ve prepared a detailed review of Patriot Gold Group, covering every facet that will help you make an informed decision. Well, read on to find out.

Table of Contents

About Patriot Gold Group

Patriot Gold Group is a company that mainly deals with IRA eligible metals, allowing interested people to diversify their retirement investments.

Established way back in 1986, the company simply oversees all the transactions involved with your precious metals. It is an IRA facilitation dealer, which is certified by Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS). Consumer Affairs has also rated Patriot as the top IRA gold dealer for four consecutive years from 2015.

This precious metal dealing company works together with clients’ IRA custodians and storage facilities for seamless transactions. This saves you a great deal of hassle, as you do not need to make several calls trying to coordinate communication with all the parties involved in the process.

Patriot Gold Group Ratings on Consumer Review Sites

► Investing with Patriot Gold Group

Investing in mutual funds, bonds, stocks, and interest rate markets is faced with ever-increasing volatility. This economic uncertainty in America hasn’t gone unnoticed amongst retirees. Many people are now turning to precious metal investments for a more secure future. This is where the Patriot Gold Group comes in.

This company facilitates buying, holding, and selling of the most sought after physical precious metals offered in the form of bullion bars and coins within IRS guidelines. You can add the bullion bars or coins as retirement assets.

The products can be delivered right to your home. However, for IRA precious metals, IRS regulations require that they are delivered to a vault storage company.

While the dealer can work with any IRS approved self-directed IRA custodian, they prefer to have Equity Institutional or STRATA Trust Company as your custodian.

When it comes to the vault storage companies, they work with Delaware Depository or Brinks Global. It is because Patriot has established a really strong relationship with these companies.

► Patriot Gold Group products

Once you open an account with the Patriot Gold Group, you’ll have access to a wide range of IRA precious metals and other high-quality products that are not IRA specific.

The IRA eligible precious metals you can purchase from the Patriot Gold Group are silver, gold, palladium and platinum. However, the bullion bars and coins for these metals must meet a certain minimum fineness in order to qualify for a tax-advantaged self-directed IRA account.

For silver, fineness must be .999 percent or more. With gold, it is .995 percent, but there’s an exception for the American Gold Eagle. The minimum fineness for platinum and palladium is set at .9995 percent.

► Patriot Gold Group Fees

As always, the cost aspect needs thoughtful consideration. When creating an IRA account, Patriot will charge you $225. This one-time fee is for investments below $30,000.

If you invest more than that, then the dealer will waive the set-up fees. Perhaps the most exciting part is that you’ll enjoy no fees for life IRA when you invest $250,000 or more.

Another point worth noting is Patriot Gold Group features an Investor Direct Pricing, which is a great way to avoid hidden fees. Pricing details are disclosed to you before purchasing the precious metals. Also, Patriot does not include a percentage fee on your purchase.

However, keep in mind you’ll need to cover the fees associated with the custodian, shipping, and storage. The fees will vary. Therefore, it is important to take time to review the charges first before making any purchase.

Unfortunately, this information is not available on the dealer’s website, but you can contact their customer support team to learn more about their fees.

► Creating or transferring your account

It’s simple and straightforward. Just fill out the online application form on the website or call a customer support representative to guide you. The contact details are displayed on the site.

Well, besides setting up a precious metal IRA, a customer care agent can help with rolling over an eligible IRA.

You have to call and speak to a company representative or fill out the form on the site for more information.

Step 1: Fill out the online form

Fill out the online form. You will get a free Gold IRA Investor Guide via email. You will be contacted by a representative who will clear all your doubts and help you make a choice on the type of account and precious metals you want to own.

Step 2: The company will guide you through the process

Their 401(k) and IRA Rollover department will guide you through a tax-free transfer process.

Step 3: Fund the account and choose metals to include

Once your Self-Directed IRA account is setup and funded, you can buy and store your precious metals in it.

Final thoughts

If you’re planning for retirement by investing in a precious metals IRA, then the Patriot Gold Group is worth taking advantage of to diversify your retirement savings while enjoying some tax benefits.

It’s a reputable company backed by professional customer support via phone and a chat feature. The great reviews on Trustpilot make it easy to trust Patriot for valuable assistance when purchasing precious metals, especially the IRS accepted for self-directed IRAs.

Frequently Asked Questions about Patriot Gold Group (FAQ)

Who owns Patriot Gold Group?

Jack Hanney, the CEO of the firm is also the owner.

Is Patriot Gold Group legit?

The people in charge at this firm have decades of experience in getting the maximum out of investments in gold and other precious metals. They are highly rated and have great reviews from past clients making it a legitimate business.

Is investing through Patriot Gold Group a good idea?

This is a field that can be quite convoluted due to the myriad laws in effect, many of which can be tricky to understand. Patriot Gold Group ensures a hassle-free experience by dealing directly with the owner and removing all middle-men. They also have a 24-hour account setup system making the entire process quite time-efficient as well.