Patriot Gold Group Review

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

Tuesday, November 28th 2023

If you’re into precious metal investing, 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 this company and designations are 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 and use your own discretion for any purchase decisions.

Table of Contents

About Patriot Gold Group

Patriot Gold Group is a company that mainly deals with IRA eligible precious metals, allowing interested people to diversify their retirement investments and improve their future retirement living conditions.

Established in Seal Beach, California, 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 gold as the top IRA gold dealer for four consecutive years from 2015. Its parent company, Halt Gold Group, is highly rated by the BBB.

The 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 don’t 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

As written in any advertising disclosure, 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 by 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 for IRAs. 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 Brinks Global or Delaware Depository. It is because Patriot has established a really strong relationship with these companies and trust their judgement.

► Types of IRAs Investments Offered by Patriot Gold

Patriot Gold Group is well known for their expertise in offering Individual Retirement Accounts (IRAs) that employ precious metals as investment vehicles, offering investors multiple ways to protect their retirement savings against economic uncertainties. Here is the list overview of some of these types of accounts the group provides:

Gold IRA: As its name suggests, a Gold IRA allows investors to store physical gold within their retirement account as an insurance policy against inflation or currency fluctuation. Many investors see physical gold as providing protection from inflation or currency volatility. Please note that you can group gold with other precious metals within a precious metals IRA, although the IRS limits metals that are authorized in an IRA.

Silver IRA: This type of retirement portfolio allows investors to include silver as part of their investment plan, often known as “poor man’s gold.” Silver purchases are more affordable and may prove lucrative under certain market conditions.

Platinum IRA: Although less common than gold or silver, platinum can still make for an interesting addition to a precious metals IRA account due to its industrial uses and rarity. Platinum can help diversify portfolios further for those seeking greater diversification of assets in their holdings, which Patriot group offers.

Palladium IRA: Like platinum, palladium finds many applications within industrial fields – particularly automobile catalytic converters – making its value an asset with potential growth within retirement savings accounts. A Palladium IRA allows investors to capitalize on this metal’s increased worth over time within their retirement investments.

Self-Directed IRA: Although not exclusively restricted to precious metals investments, self-directed IRAs provide investors with more investment choices – including precious metals. Patriot Gold facilitates inclusion of eligible precious metals within these accounts to meet IRS guidelines for purity and authenticity.

Rollover IRA: For individuals who currently hold retirement accounts but want to convert into precious metals IRAs, Patriot Gold provides the option of rolling certain qualified accounts over without incurring taxes or penalties thanks to their quick wire transfer turnaround.

► Patriot Gold Group as a Dealer

Once you open an account with the Patriot Gold, you’ll have access to a wide range of IRAs, 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, platinum, and palladium. 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.

Diversifying within precious metals is also key. Here is an overview of some coins available through Patriot Gold:

Gold: American Eagle, Canadian Maple Leaves (Royal Canadian Mint) and Krugerrands (South African Krugerrand).

Silver: American Silver Eagles and Canadian Maple Leaves, Morgan Silver Dollars amongst other silver coins.

Platinum and Palladium: Investors might find additional variety by investing in coins such as the American Platinum Eagle and Canadian Palladium Maple Leaf coins – providing investors with additional diversification in their portfolio with different bullion coins that meet the quality standards.

Patriot Gold Group is part of the Numismatic Guaranty Corporation members, which means they take coin grading quite seriously.

Be sure to discuss this matter thoroughly with their representatives so your assets align with your investment goals and buying needs.

► Storage Options and Safety Measures at Patriot Gold

Securing precious metal assets when investing with IRA custodian companies is of utmost importance; even more so if they form part of a precious metals IRA. Here’s an insight into how Patriot Gold Group manages storage for their clients:

Vault Storage Companies

As previously outlined, Patriot Gold collaborates closely with Brinks Global and Delaware Depository – two highly esteemed storage companies known for their stringent security measures and trustworthiness within the vault company industry.

Brinks Global: Renowned for its international reach and unparalleled security, Brinks offers segregated storage solutions. This means your assets won’t become mixed up with those from other investors during storage.

Delaware Depository: With more than 200 years of combined experience in precious metals and security, Delaware Depository offers insurance-covered high-security private storage. Their segregated and non-segregated options give clients maximum convenience.

Storage Types

Segregated Storage: With this storage option, your precious metals will remain separate in their own section of a vault, protecting their value against contamination by mixing in with other precious metals in any form.

Non-Segregated Storage: Here, your metals are stored with those belonging to other investors – though safe for storage purposes they could become mixed together and mixed up with those from other investors.

Safety Measures

Brinks Global and Delaware Depository take storage facility safety very seriously and offer features like:

24/7 Surveillance: For added peace of mind, round-the-clock monitoring ensures the vault’s contents remain protected and safe.

Advanced Tech Security: Integration of biometric access control systems, advanced communications, speed and motion detectors and sound-sensitive alarms is included for increased protection.

Both facilities provide comprehensive insurance policies designed to safeguard against potential threats such as theft, damage, or other unforeseen events.

Accessibility

Clients can inspect their holdings through appointments, some sort of insider access – providing an optimal balance between top-tier security and client accessibility.

► Patriot Gold Pricing & Fees

As always, the cost aspect of IRAs needs thoughtful consideration as IRA fees are inevitable. When creating a precious metals IRA account, Patriot gold will charge you 225 Dollar setup fee as a compensation. 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 as an IRA holder is that Patriot Gold 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 gold does not include a percentage fee on your purchase, and no rollover fee for the first five years.

However, keep in mind you’ll need to cover the fees associated with the custodian, shipping to their inbox, and storage. The shipping fees will vary with the shipping company in those cases. Therefore, it is important to take time to review the charges and storage fees first before planning purchase timelines.

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 all information are displayed on the site of the group.

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 about IRAs 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.

► Customer Service & Information at Patriot Gold Group

Patriot Gold prides itself on service excellence. Clients have access to dedicated customer service representatives that possess expert industry knowledge and analysis to assist them with making informed investments decisions.

Additionally, this group takes great pride in maintaining open lines of communication between themselves and customers, and provides a phone number to ensure there’s always a group representative they can reach out to with queries or issues they might encounter – no doubt this plays a significant role in why their customer service has received so much praise over time and why the group reviews are stellar.

► Pros and Cons of Patriot Gold Group

Pros:

Patriot Gold Group Has Decades of Experience: Established in 1986, Patriot Gold Group boasts decades of industry knowledge and IRA broker experience.

Transparent Fee Structure: Thanks to Investor Direct Pricing feature, no hidden fees which makes the buying process more transparent for consumers.

Positive Consumer Reviews: High ratings on various platforms like Better Business Bureau and TrustPilot speak for their reliability, while their 24-Hour Account Setup system gives investors who wish to quickly secure their investments an added edge.

Cons:

Not Enough Website Information: Some investors have noted that the company website lacks a bit of details like a fees breakdown or associated charges. Those little concerns have been addressed since our review, no group complaints to be concern about.

Limited Storage Options: Although Brinks Global and Delaware Depository provide ample options, some investors might prefer more choices in storage solutions.

► Patriot Gold Group’s Advantages Over Its Competitors

Unlike other companies Patriot stands out in an increasingly competitive field of precious metal dealers and IRA providers by excelling at multiple areas, which makes this company truly remarkable. Let’s examine their key advantages that set them apart as IRA Custodians:

Long-Standing Reputation: Since 1986, Patriot Gold Group has had time to perfect its operations and build industry connections and recognition, giving clients peace of mind knowing they are working with an established entity.

Direct Dealing: Patriot Gold Group stands out by dealing directly with clients to guarantee personalized and high-quality service experience for everyone, without unnecessary middlemen getting in the way. Direct dealing means better pricing and faster response times!

Transparent Pricing: Direct Pricing approach ensures there are no hidden fees. With such complete transparency, clients know exactly what their costs cover and understand everything that goes into each payment they make.

Quick Account Setup: Their 24-hour account setup system and quick document processing stand out as unrivaled in the industry, making this an indispensable advantage to investors who seek immediate action.

Superior Customer Service: With dedicated group representatives for each of their clients and an emphasis on continued education from their staff, the company ensures everyone feels supported and confident about the investment choices available to them.

Consumer Reviews: Their consistently high reviews on platforms like BBB, TrustPilot, and other buyers guides demonstrate their dedication to providing excellent service, guaranteeing customer satisfaction.

Product Range: Patriot Gold Group provides investors with a diverse product offering of gold, silver, platinum and palladium investments so as to diversify their portfolios effectively.

Educational Resources: Patriot Gold Group places great emphasis on client education. From their complimentary Gold IRA Investor Guide and other online resources, Patriot ensures their clients possess all the knowledge, advice, tips, guides, instructions and steps needed to make informed decisions.

End-to-End Services: Beyond selling precious metals, the group also help set up IRAs, facilitate rollovers and ensure secure storage; providing customers with all-encompassing precious metal investing solutions as a result.

Solid Partnerships: Through strong alliances with reliable IRA custodians such as Brinks Global and Delaware Depository, the company ensures an effortless investment experience and access to their partners.

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 IRA administration company backed by professional customer support via phone and a chat feature. The great reviews (4.9 stars out of 5) 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.