Patriot Gold Group Review: Pros, Cons, Is It Legit?

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Last Updated: February 21, 2024

If you've been searching for a gold and silver coins dealer, you have likely come across many names in the industry, including the Patriot Gold Group. Are they the best?

Investing in a precious metals IRA is an ideal way to hedge against inflation and deflation while protecting your retirement investments. Many are investing in precious metals because they are worried about the future.

To invest in a precious metals IRA wisely, you need the right company to guide you. Is Patriot Gold Group that company, or should you keep looking elsewhere?

We have investigated this company to learn every single detail. We looked for ratings and reviews, lawsuits, and other issues that could make Patriot Gold Group unsafe.

Keep reading to learn every detail about these precious metals brokers and what they offer for your IRA account. Make sure to read all the way to the bottom for our final verdict on the Patriot Gold Group offer.

What Kind of Company is Patriot Gold Group?

Patriot Gold Group is one of the oldest precious metals investment firms in the United States. They have been in operation for over 30 years.

On the surface, at least, the company seems to offer expertise. Patriot Gold Group is partnered with a professional coin grading service and the Numismatic Guaranty Corporation.

Patriot Gold Group is a precious metals dealer based in Los Angeles, California. The company assists its customers in their precious metals investment and partners with an IRA custodian and the best depositories.

Who are the Leaders of Patriot Gold Group?

Learning about the leaders of a company helps you understand what to expect from a precious metals dealer. In this Patriot Gold Group review, we want you to be aware of all the details, right down to who owns the company.

Jack Hanney is the CEO of the company and the co-founder. He is a graduate of the University of Vermont and has been in the finance industry for over 30 years.

We researched Jack, and it appears he is well-respected in the industry. He has received many glowing reviews from customers.

We could not find a lot of information on other owners or top positions in the company. If we learn this information, we will come back and update.

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What Do the Reviews Have to Say?

Here is where we get down to the nitty-gritty. In this Patriot Gold Group review, we must inform you of what customers are saying about the company.

What do people think of the company when they seek new precious metals IRAs?

The company has an A+ rating on the Better Business Bureau. The company has a five-star customer rating with only one customer review.

Although the company has been in business for over 30 years, they have only been accredited by the Better Business Bureau since 4/22/22.

Patriot Gold Group has an AA rating on the Business Consumer Alliance. Seventeen customers have left reviews, leading to a five-star customer rating for the company. There have been no customer complaints in the last three years.

The company has a 4.9-star rating out of five on Google. Around 71 customers have reviewed Patriot Gold Group.

We found countless five-star reviews, and many are happy with the experience they have had with the Patriot Gold group representative.

We read as many customer reviews as we could find. It appears most of the customer reviews are glowing. People are happy with the IRA account services they receive from the company. They rave about the gold coins and even talk about how helpful the Patriot Gold Group website is for their needs.

Pros & Cons of Working with Patriot Gold Group

If you are looking for perfection, you will not find it in the Patriot Gold Group, or any company for that matter. No company can please everyone, but the business needs to have a good reputation.

What are the pros and cons of seeking the services Patriot Gold Group offers?

Advantages

Disadvantages

As you can see, the Patriot Gold Group pros outnumber the cons. It appears this company offers a range of gold and silver coins.

Patriot Gold stands out from many companies because of its vast experience providing services for precious metals IRAs.

Is Patriot Gold Group a Scam?

Patriot Gold Group is not a scam. If you're worried about getting scammed while investing in precious metals, you need not worry about Patriot Gold Group.

If you read the countless Patriot Gold Group reviews, you will quickly discover the company is legit. While writing this Patriot Gold Group review, we did not find any troubling information to pass on to our readers.

Believe us when we say that there are scammers out there. Once we find them, we expose them!

Gold and Silver Coins Offered by Patriot Gold Group

Now that you know Patriot Gold Group is not going to scam you, it's time to learn about the precious metals they offer for your gold IRA.

The following are some of the gold and silver coins you can find on the website. Our Patriot Gold Group review would not be complete without this list:

As you can see, there are plenty of options for investing in your self-directed IRA. Gold and silver coins are plentiful on the website. If you have questions about the precious metals, a representative will be happy to help you with your gold IRA.

They offer some of the best coins from the Royal Canadian Mint and many others. Once you purchase precious metals, Patriot Gold Group will ship them to your chosen depository.

When we contacted Patriot Gold Group, we were assured of the ease of transfer for our precious metal IRA. They seem to live up to their promises.

Patriot Gold Group offers a wide selection of IRS-approved gold and silver coins for your precious metals IRA. Just remember that there are storage fees involved when you store your precious metals in a depository.

You are paying for the storage fee and insurance. Choose the best depository for security.

How to Get Started With Patriot Gold Group

Those who already have an existing self-directed IRA are well on their way to investing in a precious metals IRA. Even if you need to open a new gold IRA, the steps are easy, and Patriot Gold Group and its partners handle much of the work.

These coins offer tax benefits for your gold or silver IRA. A Patriot Gold representative will be happy to help you with your selections. Don't forget to ask about gold bars.

We like that Patriot Gold Group's approach to helping customers invest in precious metals is low-pressure. You won't have to worry about feeling pressured to purchase gold bars and other physical assets.

Best of all, the company partners with depositories to help you store precious metals. They also partner with a top IRA custodian that meets IRS regulations.

Patriot Gold works to provide a solid inventory of gold and silver. Patriot Gold receives new shipments frequently. They seem to provide better service than Equity Institutional.

Precious Metals IRA Fees Charged By Patriot Gold Group

Now, we are getting to the part a lot of people don't like to hear about. You need to know about the annual fees, storage fees, and other costs when you invest in precious metals.

At the time of this writing, Patriot Gold Group charges $225 for its one-time account setup fee. Paying this fee helps you get one step closer to finalizing your purchases for other precious metal IRAs.

Here is some good news. If you invest over $30,000, Patriot Gold Group will waive the account setup fee for your precious metals IRAs. Even better news-if your account is over $250,000, you will receive the No Fee For Life IRA.

You also need to be aware of the fees charged by the partnered custodians and depositories. You will pay an annual fee to the custodian and depository.

These fees vary, according to the company. Make sure to ask about the fees before you jump on board. Many companies will not offer fee information on their websites. Call to learn more.

FAQ

Patriot Gold is a good company. You won't have to worry about them scamming you. They are a forthright company that offers transparency from the beginning.

You will need to hold the gold in your gold IRA in an IRS-approved depository. The IRS does not allow you to store your precious metals at home.

IRAs are a good idea because they allow you to diversify your investment portfolio and protect your retirement funds. Your precious metals IRA puts you in the driver's seat.

The best company to buy physical gold from is American Hartford Gold. We also recommend Goldco, Augusta Precious Metals, and Birch.

The best metal to invest in right now is gold. Gold is a safe-haven investment and will help you prepare for the future. Gold will always be valuable, even when the US dollar is not.

Should You Trust Patriot Gold Group with Your Precious Metals IRAs?

We feel Patriot Gold Group is a good company, but they are lacking in some areas. For one, they don't offer platinum or palladium products.

Although you can trust your precious metals IRA with Patriot Gold Group, we believe there are better gold companies out there.

Companies like American Hartford Gold offer more extensive services. No matter the company you select, careful research is in order. Don't trust your retirement savings with just anyone!

Investing in precious metals makes perfect sense in today's volatile economy. If your 401Ks are losing value, a precious metals investment may be ideal.

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