Patriot Gold Group Review: Is it a Legit Company You Can Trust?

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Read our Advertising Disclosure.

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Patriot Gold Group reviews demonstrate that it is a legitimate company that sells gold and silver and offers precious metals IRA investing services.

Patriot Gold Group Patriot Gold Group
4.0
Services: Precious Metals IRA, gold and silver coins
Minimum investment: $25,000
Fees: $150 - $180/yr (depending on custodian)
Pros:
  • Competitive pricing
  • 24 hour account setup
  • 100’s of 5 star customer reviews
  • No fees for life on qualifying IRAs
Cons:
  • No online purchase available
  • Must speak with an IRA specialist
Promotion: Setup fees waived for investments over $30k

Economic uncertainty, high bank fees, rising inflation and increased interest rates mean investors are increasingly apprehensive about the safety of their most valuable assets and their retirement funds.

How do you hedge against such threats?

Patriot Gold Group is one of a few companies offering precious metal services to help investors protect their financial assets.

Many investors have chosen to move their funds from traditional stock options into one of the oldest forms of wealth — precious metals.

Keep reading to learn more about Patriot Gold Group and how it can help you battle tough financial times.

What is Patriot Gold Group?

Patriot Gold Group homepage
Patriotgoldgroup.com website

Patriot Gold Group sells precious metals and provides a precious metals IRA custodial service. Jack Hanney founded Patriot Gold Group in 1986 to create a way for everyday investors to protect their finances.

Patriot Gold Group commits to customer education, high-quality customer service and transparency. Since its founding, the team at Patriot Gold Group has built a reputable service company with hundreds of satisfied customers.

Patriot Gold Group has an A+ BBB rating, a 4.9-star rating from Trustpilot and a five-star rating from Consumer Affairs.

It also received Consumer Affair’s “#1 Gold IRA Dealer” award four years in a row.

Patriot Gold Services

Patriot Gold Group offers custodial services for precious metals IRAs and sells precious metals directly to customers.

Precious Metals IRA

Patriot Gold Group offers services for precious metals IRAs with a minimum investment of $25,000. Patriot Gold Group IRAs offer the same benefits as most precious metals IRAs with a few additional benefits.

Patriot Gold Group is one of the only gold IRA companies with a “no fees for life” account option. This requires a minimum investment of $250,000.

You also need to pay fees to your storage facility. The investment to receive the “no fees” benefit is significant and waives one of the key risks of investing in precious metal IRAs — your fees costing more than you will make in spot price increases.

Patriot Gold still offers excellent benefits for investors who don’t want to invest $250,000. If investors put more than $30,000 into their IRAs, Patriot Gold will cover the storage fees for the first three years.

Patriot Gold store all IRA investments, regardless of size, in the IRS-approved Delaware Depository, which is one of the U.S.’s largest and most reputable private storage facilities.

Buy Gold and Silver Bullion

Patriot Gold Group can act as a direct precious metals dealer for investors who don’t want the IRS oversight of a precious metals IRA.

It sells gold and silver coins and bullion to regular consumers. Patriot Gold Group offers investors the following options:

  • Gold American eagle coins
  • Silver American eagle coins
  • Silver and gold proof coins
  • Austrian Mint silver and gold coins
  • Silver and gold maple leaf coins from the Royal Canadian Mint

Potential customers should note that while there are fewer reporting requirements and regulations for directly buying gold and silver, there are also fewer tax benefits.

You will not be able to deduct your precious metals purchase from your taxes, and you will also pay capital gains tax when you sell, which means you will be subject to double taxation.

Patriot Gold Fees & Minimum Investment

Precious Metals IRA Transactions

Set Up Fee$225 for investments under $30,000, otherwise free
Per-Transaction FeesDepends on custodian. Strata’s is $40 plus shipping cost
Storage and Insurance FeesStrata Trust – $150, Equity Institutional – $180
Minimum Investment$25,000

Non-IRA Transactions

Storage and Insurance FeesStrata Trust – $150, Equity Institutional – $180
Minimum Investment$10,000

Who Should Use Patriot Gold Group?

You should consider opening an account with Patriot Gold if the following apply to you:

  • You plan to have an investment large enough to meet the minimum to receive a “no annual fees” account.
  • Your interest is in silver and gold investing — Patriot Gold Group does not offer palladium or platinum investments.
  • You are a first-time investor looking for top-notch guidance during the investment process.

How Does Patriot Gold Group Compare?

 
4.0
5.0
5.0
$25,000
$25,000
$50,000
$150 - $180/yr (depending on custodian)
$175-$225/yr
$200/year
Setup fees waived for investments over $30k
Up to $10,000 or more in free silver (with a qualified account)
Zero fees for up to 10 years (depending on the investment amount) (depending on the investment amount)
4.0
$25,000
$150 - $180/yr (depending on custodian)
Setup fees waived for investments over $30k
5.0
$25,000
$175-$225/yr
Up to $10,000 or more in free silver (with a qualified account)
5.0
$50,000
$200/year
Zero fees for up to 10 years (depending on the investment amount) (depending on the investment amount)

Getting Started with Patriot Gold Group

Patriot Gold Group’s experienced professionals will guide you through the account setup process and explain the gold and silver IRA options.

For most investors, the process of opening an account with Patriot Gold involves the following steps:

  1. Request a free gold IRA investors guide: Patriot Gold Group commits to ensuring customers have all the information they need to make informed financial decisions.
  2. Talk to an IRA specialist: A Patriot Gold Group team member will contact you to discuss your investment options and answer any questions.
  3. Transfer or rollover 401(k)/IRA: Patriot Gold Group has a minimum investment of $25,000, which exceeds the IRS contribution limit. Therefore, you will need to use a rollover from a qualifying retirement account, such as a traditional IRA or existing 401(k).
  4. Purchase your precious metals: You can choose from various gold and silver options to fund your new precious metals IRA.

Patriot Gold Group Reviews

I have had nothing but an excellent experience with Patriot Gold. I very rarely write reviews but I just had to give them a shout out!! Ron T. has been absolutely amazing. He is always prompt in getting back to me and taking the time to answer all my questions in detail. Shout out to Frank J. as well. Definitely recommend Patriot Gold!

Jen., Verified Google Customer

Mike Hennessy made my transition very clear and easy. Since the transfer of our IRA, I’ve probably made a half dozen calls to Mike with questions. Always there and took as much time as needed to answer my questions. Very good man. Excellent Customer Service

James F., Verified Trustpilot Customer

Should I Invest with Patriot Gold Group?

Patriot Gold Group offers a unique, fee-free service for large-scale investors moving into precious metals.

It also provides many kinds of silver and gold investments according to whether you want to use an IRA or purchase metals directly, and delivers top-notch customer service.

If you are considering investing in precious metals, talk to your IRA account manager or financial advisor about Patriot Gold Group’s investment options.

Patriot Gold Group FAQs

The following are FAQs about investing with Patriot Gold Group:

Is Patriot Gold Group a legit company?

Patriot Gold Group has an A+ rating from the Better Business Bureau and hundreds of positive customer reviews.

Who owns Patriot Gold Group?

The founder and current CEO of Jack Hanney owns Patriot Gold Group.

Do Mike Celano and Dick Morris endorse Patriot Gold?

Yes, Mike Celano and Dick Morris endorse investing with Patriot Gold Group.

Does Patriot Gold Group have any pending lawsuits or complaints?

No, Patriot Gold Group does not have any pending lawsuits or complaints.

Where is Patriot Gold headquartered?

The company’s headquarters is 3010 Old Ranch Pkwy Suite 350, Seal Beach, CA 90740.

Goldco

Goldco is a leader in the precious metals industry, with over a decade of experience helping customers protect their retirement savings. 

We earn a commission if you invest, at no additional cost to you.
Patriot Gold Group
patriot gold group review

Patriot Gold Group is industry leading experts with a wealth of experience, we've held senior positions at the largest retail precious metal investment firms in the U.S.

Product Brand: Patriot Gold Group

Editor's Rating:
3.98

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

More Posts

You May Also Like

Gold IRA Companies

Precious Metals

7 Best Gold IRA Companies 2024 (Ranked by customer reviews)

Gold IRA Definition

Precious Metals

Gold IRA: Official Investment Guide

Legacy Precious Metals review

Precious Metals

Legacy Precious Metals Review: Is it a Legitimate Company?

Fidelity Gold IRA review

Precious Metals

Fidelity Gold IRA Review – Pros, Cons, Fees, & Reviews