Disclaimer: Many or all of the companies listed here may provide compensation to us. This is how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below.
In light of recent economic volatility, investor confidence in traditional investment methods has wavered. While some investors remain faithful to conventional approaches, others seek to safeguard measures against market instability and inflation, particularly regarding retirement funds.
One avenue individual nearing retirement age can explore diversifying their retirement portfolio by including precious metals. By allocating a portion of their funds to precious metals, they create a fallback option in the event of stock market downturns, providing a safety net until the economy rebounds.
Individuals can turn to Patriot Gold Group for assistance navigating this area effectively. Beyond offering a selection of precious metals for sale, Patriot Gold Group specializes in helping clients establish qualified IRAs.
Their team provides guidance tailored to each client's specific needs and objectives. The company emphasizes transparent and informative communication, ensuring clients are well-informed.
Not all gold IRA providers are equal and it's crucial to be discerning. Many companies may have subpar policies or hidden costs such as commissions and fees. Identifying potential red flags or obtaining reliable feedback is imperative. In the case of Patriot Gold Group, our research has delved into the organization, its offerings and the expertise of its management team.
Valuable information is readily available on their website and insights and critiques from consumer advocacy groups and independent review websites further contribute to the evaluation process.
Our Team Has Researched Over 100 Of The Top Precious Metals Investment Companies
Before you are making an investment, make sure that you are choosing a trusted company to help you with your investment.
>> See Our Top 5 Precious Metals Investment Companies Here <<
About Patriot Gold Group
Patriot Gold Group, headquartered in Los Angeles, is widely regarded as a premier provider of gold IRAs and other precious metals investment services. With a solid foundation dating back to 1990, the company's longstanding presence in the precious metals trade is affirmed by the Business Consumer Alliance.
One notable aspect of Patriot Gold Group is its affiliation with the Numismatic Guaranty Corporation, which adds professionalism and credibility to its offerings. The company also offers a comprehensive coin grading service, ensuring the quality and authenticity of the precious metals.
Patriot Gold Group positions itself as a full-service precious metals broker, boasting an impressive one-day turnaround time for transactions. They streamline the process by coordinating with clients' IRA custodians and storage facilities, facilitating the seamless purchase and sale of precious metals.
Clients can finalize their transactions efficiently with a simple phone call to a Patriot Gold Group agent.
One of the outstanding merits of working with Patriot Gold Group is the time and effort saved in coordinating transactions with multiple entities such as brokers, custodians, shippers and storage facilities. By entrusting their IRA or investment to Patriot Gold Group, clients can rely on the company to handle all the necessary logistics promptly and effectively.
Patriot Gold Group offers a diverse range of precious metal IRAs, including gold, silver, platinum and palladium. It's important to note that while the company provides various precious metal IRA services, not all may be suitable for retirement savings accounts.
Their offerings primarily encompass bullion coins, bars and coinage that the IRS recognizes and approves.
Patriot Gold Group Management
Patriot Gold Group is led by Jack Hanney, a highly respected figure in the wealth management industry, who serves as the company's chief executive officer.
With a splendid career spanning over two decades as an investment broker, Hanney has garnered extensive experience working with some of the most reputable organizations in the country. His expertise and knowledge in the field make him a recognizable and trusted leader in the industry.
In addition to Jack Hanney, Patriot Gold Group boasts a team of senior partners who bring their expertise in various areas such as portfolio management, finance and diversified IRAs.
These senior partners contribute to the company's comprehensive approach to wealth management, ensuring that clients receive well-rounded and informed guidance.
Patriot Gold Group demonstrates high transparency by providing detailed information about its management team on its website. Everyone is profiled, including the CEO, senior partners, managers and colleagues.
The bios of these individuals highlight their credentials, experience and history, offering clients valuable insights into the expertise and qualifications of the team members they may be working with.
This level of transparency sets Patriot Gold Group apart from many other companies in the corporate world. While some businesses may only share limited information about their CEO, Patriot Gold Group goes above and beyond by providing detailed profiles of its entire staff.
This openness allows clients to not only learn about the CEO but also gain knowledge about the associates who will be assisting them in their financial journey.
Product Offerings
Patriot Gold Group offers a diverse range of precious metal products to cater to the needs of its customers. Patriot Gold Group provides a comprehensive selection of whether you're interested in gold or silver IRAs or other precious metals investments.
Consumers must conduct thorough research on reporting requirements and the preferred forms of precious metals before making final investment decisions.
Patriot Gold Group offers various products:
Gold Coins
Silver Coins
Gold Bars
Patriot Gold Group offers 10-ounce gold bars from the Royal Canadian Mint. While their selection in this category may be limited, these bars provide an alternative option for investors seeking larger quantities of gold.
A Great Investment Partner
Patriot Gold Group has established itself as a trusted investment partner for over 30 years in the industry. With a strong stature for reliability and integrity, the company has garnered the trust of countless investors seeking to diversify their portfolios with precious metals.
One of the standout features of Patriot Gold Group is its commitment to providing a seamless and user-friendly setup process. The company's account specialists can assist you whether you would rather register over the phone or online.
Their expertise and guidance ensure that the registration process is simple and hassle-free, allowing you to start investing without unnecessary delays or complications.
Once your account is open, Patriot Gold Group goes the extra mile to provide personalized service and support. A devoted manager will be assigned to your account, taking the time to understand your financial goals and offering valuable advice on investing your money wisely.
This personalized approach sets Patriot Gold Group apart, as they genuinely prioritize their clients' success and strive to deliver tailored solutions that align with individual investment objectives.
In an industry where some financial services firms may prioritize their interests over those of their clients, Patriot Gold Group stands out as a partner that genuinely cares about your success.
Their customer-centric approach ensures that your needs and goals remain at the forefront and their dedicated team is dedicated to helping you attain financial growth and security.
Regarding safety, Patriot Gold Group takes the necessary steps to provide peace of mind to its clients. It is vital to conduct detailed research on a company's payment options. Patriot Gold Group has established itself as one of the most reputable and affordable options for gold and silver investments.
By fostering direct collaboration between investors and owners, the company eliminates the need for excessive compensation to shareholders and top management. This unique arrangement ultimately benefits clients by minimizing costs and maximizing their investment.
Superior Reviews
Patriot Gold Group has garnered a stellar reputation with superior reviews on Trustpilot, the leading consumer review website. With a remarkable track record spanning 30 years, the company has consistently assisted investors in building robust precious metals portfolios, diversifying their investments and safeguarding their capital effectively.
According to customer reviews, Patriot Gold Group excels in providing invaluable guidance on asset diversification and offering advice on the most efficient and cost-effective investment strategies.
The company ensures transparency and fairness by directly providing investor pricing without additional costs or hidden fees added to your purchases.
While an initial cost may be associated with new accounts, Patriot Gold Group offers three years of complimentary storage for your precious metals. This perk underscores their commitment to providing value-added services and prioritizing the satisfaction of their clients.
IRA Associated Fees
Patriot Gold Group offers investor-direct pricing, differentiating them from many other dealers. Unlike some dealers who charge a premium in addition to the price of the precious metals, Patriot Gold Group does not add any additional charges to their customers' purchases.
For gold IRAs, Patriot Gold Group follows a tiered pricing structure. There is a one-time fee of $225 for new Precious Metals IRAs. However, this fee is waived for investments exceeding $30,000. Additionally, the first year's rollover fee of $260 is refunded and storage expenses for the first one to three years are also waived.
If your IRA balance exceeds $100,000, Patriot Gold Group covers all expenses associated with the IRA. Furthermore, for IRA balances surpassing $250,000, you can enroll in their "No Fee for Life IRA," where Patriot Gold Group covers transportation costs to and from a depository or your residence.
It's important to note that custodian and storage facility charges are separate from Patriot Gold Group's fees. The custodian charges an annual fee for storage and insurance, which fluctuates based on the value of your account or the amount you withdraw.
While Patriot Gold Group has established relationships with STRATA Trust and Equity Institutional, they are willing to work with any custodian you choose.
Additional fees for custodial services such as withdrawing funds from an IRA, processing paperwork, closing the account or sending money by wire transfer can range from $5 to $250. Understanding the costs associated with the specific transactions you intend to make is crucial when opening an IRA.
Storage Options
Patriot Gold Group offers its customers a range of storage options for their precious metals. As a member of Patriot Gold Group, you can store your precious metals in one of their secure depositories throughout the United States.
It's important to note that holding precious metals in a self-directed IRA is generally prohibited by IRS regulations. However, Patriot Gold Group offers a solution for individuals interested in storing metals in an IRA at home, despite the strict regulations imposed by the IRS.
While this approach may seem appealing, it is crucial to consider the potential risks and challenges associated with managing storage and security on your own.
Storing your precious metals at a professional depository is usually recommended. Patriot Gold Group can assist you in arranging for your metals to be stored in a reputable depository facility.
By opting for professional storage, you can benefit from enhanced security measures and peace of mind knowing that your precious metals are safeguarded in a dedicated and secure environment.
For individuals who prefer to keep certain valuables at home that are not part of their IRA, Patriot Gold Group can help you install a safe to ensure the secure storage of those items.
Patriot Gold Group provides a user-friendly web portal to facilitate opening a precious metals IRA that can guide individuals interested in pursuing this investment option in the right direction.
Setting Up an IRA with Patriot Gold Group
Setting up an IRA with Patriot Gold Group is a straightforward process. If you already have a self-directed IRA, you can easily transfer it to Patriot Gold Group. Call their toll-free number and a representative will guide you through the necessary steps. You will electronically sign the required paperwork to initiate the transfer.
Once the transfer is initiated, your account with Patriot Gold Group will be made available within two days. If you are starting a new account, you can start by filling out a registration form either online or over the phone with the assistance of a Patriot Gold Group representative.
After your account has been established and funded, you can start executing trading orders. The speed at which your custodian transfers funds can impact the timing of your purchases.
When choosing an IRA custodian, it's important to consider the time it takes to move funds from one custodian to another. It is recommended to obtain estimates from multiple institutions to compare.
Once Patriot Gold Group receives the funds, they will execute the trade within two business days. In compliance with IRS requirements, when you purchase precious metals from Patriot Gold Group, they will arrange to deliver your shipment to your chosen storage facility.
Customer Reviews
Patriot Gold Group has garnered positive feedback and praise from its satisfied customers, who appreciate its prompt service and efficient response. Numerous testimonials from contented clients can be found on various websites.
One reputable source of information for consumers is the Better Business Bureau (BBB), a nonprofit organization that helps individuals make informed decisions about trustworthy businesses. Halt Gold Group, the parent company of Patriot Gold Group, holds an impressive A+ rating from the BBB.
ConsumerAffairs, a platform for consumers to share their experiences and reviews, showcases Patriot Gold Group with an outstanding five-star rating. Out of 128 reviews, only a few slightly negative complaints were found, primarily related to the initial cost and disputes over coin valuation.
On popular platforms such as Google and Facebook, Patriot Gold Group maintains an average rating of 4.4 stars. Many users commend the company for its patient and thorough responses to inquiries regarding setting up a gold IRA.
Trustpilot, another reputable consumer review site, has awarded Patriot Gold Group an impressive 4.7-star rating based on feedback from 32 customers.
Withdrawing from a Gold IRA
It's important to adhere to the IRS rules regarding withdrawals from a gold IRA. Generally, you can begin taking withdrawals from your IRA once you attain the age of 59½. Withdrawing funds before this age may result in a 10% penalty on top of applicable taxes.
There are two alternatives to gain access to the funds in your self-directed IRA. Patriot Gold Group is one company that can help facilitate the transfer of gold from the vault to your home, allowing you to possess and utilize silver or gold coins and bars as you see fit.
Alternatively, your account representative can assist you in selling your precious metals and transferring the funds directly to your bank account. This option may be more suitable for individuals in need of immediate cash.
Benefits of Investing in a Gold IRA
The inclusion of gold in an IRA has gained popularity among individuals seeking to diversify their retirement savings. Gold's reputation for stability during market volatility makes it an appealing asset for investors. When added to an IRA, gold can also offer significant tax benefits.
Adding gold to an IRA is a long-term investment strategy that holds the potential for value appreciation. Unlike paper assets such as stocks and bonds, gold maintains its value over time due to its physical nature and is considered a safeguard against inflation.
Gold exhibits a low correlation to other assets and is often perceived as a haven during market instability. This characteristic makes it a valuable hedge against volatility in the financial markets.
Furthermore, the addition of gold to an IRA can provide tax advantages. Investors do not require to pay capital gains tax on profits from buying and selling gold within the IRA. This tax benefit can be particularly advantageous for individuals with higher tax rates, resulting in significant potential tax savings.
Including gold in an IRA can also contribute to portfolio diversification. By incorporating gold, investors can lower overall portfolio risk due to its low correlation with stock market values.
This can be especially profitable for those with a substantial portion of their retirement funds invested in equities, offering a means to mitigate risk and enhance portfolio stability.
Final Thoughts
While Patriot Gold Group has received positive ratings from satisfied customers, assessing if it aligns with your specific needs and preferences is essential.
Patriot Gold Group offers reliable management of silver or gold IRAs and investments, backed by its excellent customer service and prompt response times. They allow customers to manage their IRAs while offering the necessary support independently.
Additionally, if you are already satisfied with your current custodian, you can continue using them without needing a change.
However, Patriot Gold Group can introduce you to reputable market pioneers if you still determine the type of caretaker you require. It is worth noting that Patriot Gold Group may have a higher upfront cost, an important consideration. Nevertheless, considering the benefits they offer, the cost may be justified.
While Patriot Gold Group is a reputable business, it may not be the ideal alternative if you are specifically looking for a precious metals dealer or an IRA provider. Exploring other options and comparing them based on your specific requirements is advisable before making a final decision.
Don't Forget To Checkout Our Highest Recommended Companies
Before you are making an investment, make sure that you are choosing a trusted company to help you with your investment.
>> See Our Top 5 Precious Metals Investment Companies Here <<