Our in-depth research has led us to conclude that Patriot Gold Group is a secure investment alternative. However, there are many other companies in the market with lower fees and better reviews.
To see a list of the best companies in 2023 click the link below:
<< Click Here To Discover The Best Gold IRA Companies of 2023 >>
If you’re in a rush, here are our top 3 picks with some information about them:
#1 BEST OVERALL: Goldco
#2 BEST FOR HIGH NET WORTH INDIVIDUALS: Augusta Precious Metals
August Precious Metals Detailed Review
#3 BEST FOR INVESTMENTS UNDER $5000: Birch Gold Group
Birch Gold Group Detailed Review
With the economic instability of the past several years, many traditional investors have lost their faith in stocks and bonds. In particular, those nearing retirement age are worried about protecting their wealth from inflation or a market crash.
The good news is that investing in precious metals offers an option for those looking to protect part of their nest egg from economic turbulence.
Buying physical gold or silver lets you hedge against inflation and market crashes, so when stocks plummet you still have something to hold on to until the markets recover.
Patriot Gold Group has recently become one of the more popular providers of precious metals IRAs. But can you trust them to deliver quality services and guide you through the process?
If you’re wondering whether Patriot Gold Group is the right option for you, if it’s legit and not a scam, then you have come to the right place.
In this article, we’ll review Patriot Gold Group to help you decide if this is the right provider for your precious metals investment needs. This Patriot Gold Group review will provide an overview of their services and what to expect from them when looking into investment options in gold and other precious metals.
We’ll cover:
- What services does Patriot Gold Group offer?
- What are customers saying about their services?
- How do Patriot Gold Group’s fees and commissions compare to other providers?
- How does this company stack up against the competition?
By the end of this review, you’ll have a better sense of whether Patriot Gold Group is the right provider for your needs. Let’s dive in!
Company Background
Established in 2016 and headquartered in Seal Beach, California, Patriot Gold Group has become a reliable precious metals dealer specializing in gold and silver coins for investment and Precious Metals IRAs.
Their selection includes some of the most popular IRA-approved gold and silver coins, but with no platinum or palladium products available yet.
Unlike other precious metals brokers, Patriot Gold Group stands out by providing not just products but knowledge as well.
The company provides an array of resources such as their free Gold Coin Investor Guide and Knowledge Center to help customers understand the intricacies of purchasing precious metals for themselves or for their retirement accounts.
Patriot Gold Group Features
Patriot Gold Group specializes in facilitation services for Precious Metals IRA investments. A Precious Metals IRA is a self-directed IRA account that allows investors to diversify their retirement portfolio with physical gold and silver.
The company provides the expertise needed to open the Precious Metals IRA account, purchase approved metals and facilitate the storage of these products in an IRS-approved depository.
With Patriot Gold, transactions are made effortless for customers; typically a single phone call is all that’s needed to facilitate the buying or selling of precious metals. Their team will work closely with their customers’-chosen IRA custodian and storage facilities to help make sure everything runs smoothly.
Without this facilitation, the IRA holder would be required to laboriously coordinate between the custodian, broker, shipping company and vault provider all separately.
Patriot Gold Group expertly handles the entire process from start to finish in accordance with a customer’s instructions for guaranteed accuracy and reliability.
Products and Services
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Patriot Gold Group offers an extensive range of products for purchase, but the brand is especially well known for the sale of quality silver and gold bars and bullion coins. Beyond that, clients can access assistance to set up IRA accounts or have gold storage services.
Patriot Gold Group will arrange IRS-approved accounts with one of their partner custodians, while storing precious metals securely in outside vaults. Patriot Gold Group truly provides invaluable assistance to customers who seek reliable safe-havens for their gold savings and investments.
If you’re interested in investing in precious metals, this company offers everything from secure storage to help with setting up your individual retirement account — so you can rest assured knowing that whatever asset you decide to purchase is safely taken care of.
To give you a better understanding of these services, let’s take an in-depth look.
Gold and Silver
Patriot Gold Group offers you the opportunity to purchase valuable metals for your own personal use or as part of an IRA.
Not only do they make the buying process easy and straightforward, but they also take care of all complicated IRAs requirements to ensure that your precious metal investments remain eligible.
With a wide array of coins and bullion, they offer an unparalleled selection – including:
- Gold American Eagles
- Gold American Buffalos
- Gold Arctic Fox
- South African Gold Kruger Rands
- Canadian Gold Maple Leafs
- Royal Canadian Mint Gold Bars
- Kruger Rand Gold Coin
- Silver Polar Bears
- Silver Canadian Maple Leaf
- Silver American Eagles
- Silver Buffalo Rounds and more
Precious Metals IRA
Patriot Gold Group’s flagship offering is their Precious Metals IRA. It is the ideal retirement option for investors who wish to park their hard-earned savings into physical assets such as gold and silver without the risk associated with stock investments.
Setting up an account is easy because of the dedicated customer service team that will help in getting it all fully operational within a maximum of 48 hours.
Despite their great ergonomic setup, they require a minimum deposit of $25,000 which might be a bit out of reach for some newer investors due to its higher end price tag compared to competitors in the same industry.
Even so, if you are looking to invest in precious metals such as gold or silver for your retirement fund -Patriot Gold Group is here to provide you with secure, accepted, and registered assets at all times.
While they’re not an IRA custodian themselves, they pride themselves in having great relationships with STRATA Trust and Equity Institutional as well as The Entrust Group, GoldStar Trust Company, and New Direction Trust Company.
Customers can take advantage of the selection of custodial partners available to them and make sure their gold retirement fund is managed properly.
How to Open an Account
The company makes it easy to set up a gold IRA in simple steps:
- To get started with your free gold IRA investor guide, simply fill out the registration form on their website. Then a Patriot Gold Group representative will reach out to verify some details from you. Finally, after completing setup fees and requirements within 48 hours of submission, your account is ready!
- Next, you will need to set up a funding method. Patriot Gold Group allows you to use your bank account, IRA funds from another company, or a self-directed IRA.
- Then, you will need to select the precious metals you’d like to purchase with your funds. Patriot Gold Group offers a full selection of gold, silver, platinum, and palladium coins and bars.
- Finally, you will be guided through the process of purchasing and storing your precious metals. The Patriot Gold Group is committed to following all IRS guidelines as they transport each asset securely to their vault for safe storage after every successful acquisition.
Precious Metals Storage
When starting a gold and silver IRA, it’s important to have proper storage and security. This can be challenging, however, as the government imposes regulations to prevent personal storage of these items at home or in safety deposit boxes.
Patriot Gold Group simplifies this process by having relationships with several established depositories like Texas Depository, Delaware Depository and Brinks Global Services USA.
Customers can rely on Patriot’s professional guidance and experience to set up their IRA-related precious metals deposits, ensuring that their investments are entrusted to safe and reputable companies.
Fees & Costs
Investor Direct Pricing is one of the major benefits provided by Patriot Gold Group. They understand how expensive fees and commissions can add up over time and try their best to provide cost-efficient solutions.
They take pride in charging nothing as a percentage of your order, unlike other metal dealers, which definitely adds up to big savings in the long term.
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Instead, there is a one-time setup fee of $225 that is easily waived if an investment goes beyond the amount of $30,000! This company shows that it truly puts their clients’ interests first and strives to make investing in precious metals easy, convenient, and affordable.
It pays to invest in Patriot Gold because the company takes care of all its investors regardless of the size of their accounts. For IRA accounts over $100,000 all fees are waived, while those with balances above $250,000 can participate in the exclusive “No Fee for Life IRA” program.
Not only will this save you money on service charges, but it also means that Patriot Gold will cover any shipping costs associated with deposits or distributions to and from a depository or directly to your home.
Customer Ratings and Reviews
People love Patriot Gold Group! With glowing reviews from customers and incredibly high ratings, it’s clear that this company has earned its sterling reputation as a go-to provider of gold investment services.
Here are a few of the reviews that our team tracked down from multiple sources.
BBB
Patriot Gold Group is a shining example of an exemplary business, as they’ve not only been accredited by the Better Business Bureau and earned an A+ rating but have also avoided any customer complaints in their last three years.
Its parent company, Halt Gold Group, also maintains an A+ rating with the Better Business Bureau (BBB). On top of that, every review on the company website scored them perfect 5-stars – further proving how reliable Patriot Gold Group really is!
Consumer Affairs
Patriot Gold Group has established itself as a top-tier gold IRA Company, earning 5 stars out of Consumer Affairs’ 137 customer reviews. As if that wasn’t enough recognition, they’ve been named one of the best in their field every year from 2016 to 2020!
Though there have been some complaints over fees or coin value, these issues seem minor given how high Patriot Gold Group ranks overall with consumers.
Trustpilot
Patriot Gold Group enjoys a stellar reputation among customers, with an average rating of 4.8 stars on Trustpilot from 53 verified reviews. It’s rare to find any negative feedback; where issues are reported, the company provides quick and thorough assistance – ensuring customer satisfaction every step of the way!
Pros and cons of Patriot Gold Group
Pros
- No account fees for balances over $100,000
- Positive customer reviews and ratings
- Free gold IRA investor guide
- Endorsed by Dick Morris, a highly respected political commentator
- Excellent storage services
Cons
- Pricing that does not favor small investors
- You cannot include platinum and palladium in your IRA account
- Lacks transparency
Patriot Gold Group vs Goldco
The Patriot Gold Group is definitely one of the most reliable providers of precious metal IRAs, but its drawbacks make it difficult for them to compete with some other competitors. Goldco has proven itself to be preferable in quite a few regards – from transparency, to pricing packages and ownership structure.
The company makes sure that all the details regarding the origins of their gold are available to customers. Additionally, Goldco also provides customized pricing packages tailored towards small-scale investors depending on their budget constraints and desirability criteria.
And lastly, they have a clear chain of ownership right from when gold is mined until it reaches you, allowing customers a close tracking of their purchase history.
So overall, it’s safe to say that Goldco offers a better deal than Patriot Gold Group in terms of price, transparency and ownership structure.
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Patriot Gold Group vs Augusta Precious Metals
While both Patriot Gold Group and Augusta Precious Metals offer similar features and fees, Augusta has a higher minimum deposit requirement of $50,000 to open an IRA. Interestingly, they are more transparent in terms of pricing compared to other companies.
However, if you have over $100,000 to invest then Patriot Gold Group offers a ‘No Fee for Life’ IRA that could be more beneficial. Ultimately the choice is yours, but it is worth researching deeper into each before making your decision.
Conclusion
Choosing a trustworthy and reliable company to oversee your individual retirement accounts is an important decision that should not be taken lightly.
With so many factors to consider, it is no wonder why researching several companies before investing can save you countless headaches in the long run.
That is why we’ve taken the time to create this Patriot Gold Group review; to help inform potential clients if Patriot Gold is the right fit for their silver or gold IRA investments.
So far, our findings have been extremely beneficial thanks to the plethora of positive customer reviews, expert customer service, and fast transaction turnaround times. Patriot Gold Group stands out among precious metals IRA providers with its “No Fee” for Life IRA and high-quality customer service.
Additionally, this company provides a great deal of freedom when it comes to having complete autonomy of your own IRA portfolio while receiving quality assistance throughout.
The only foreseeable drawback would be its slightly higher initial fee when compared with other services, but if its features are what you are looking for then perhaps the additional spending will pay off in the end.
