Patriot Gold Group Review
There are dozens of options when it comes to saving for retirement. Stocks and traditional investments are one route, but these options can sometimes feel too risky. Traditional and Roth IRAs are another option, but they can also be somewhat volatile, and it’s difficult to predict how much an IRA will grow. A precious metal or gold IRA, however, offers the stability of a traditional or Roth IRA while diversifying your portfolio. Because precious metals trend upward in the long run, you can be almost positive that your investments will pay off.
Opening a gold IRA makes investing simpler and safer, and to make investing even easier, you can choose a precious metals IRA group to help maintain your investments. Many such groups exist, so it’s crucial that, before you use one for investing, you research the group to ensure that they are legitimate and work toward the best interest of their clients. Patriot Gold Group is one company that can help you with your precious metal investments. This group focuses on gold and silver, as most precious metal IRA groups do, and they offer a range of services for their clients.
About Patriot Gold Group
Patriot Gold Group, which is owned by Jack Hanney, is well-known as one of the top precious metal IRA companies in the U.S. They offer a quick 24-hour IRA setup process and promise easy paperwork filing and simple account management. Each Patriot Gold Group employee has years of experience and knowledge to pass on to their clients, and the company works hard to help their clients navigate the sometimes complex finance and precious metals industries. Patriot Gold Group also has extremely high customer satisfaction ratings, and from 2016 through 2023, they were given a five-star Consumer Affairs Top Rated Gold and Silver Dealer award.
Although the company’s professional staff is always ready to direct its clients through the world of finance and investing, it also seeks to empower its clients. Patriot Gold Group offers a range of educational resources so customers can learn as much about investing in precious metals as they like. Each client will also work directly with one of the company’s owners, so any questions that arise can be answered and handled in a timely, knowledgeable manner. Patriot Gold Group’s goal is to offer a different, more knowledgeable, more hands-on type of investment experience, and they do this by treating each client like an individual.
Great Reasons to Work with Patriot Gold Group
One of the best reasons to work with Patriot Gold Group is their dedicated, hands-on approach. You’ll work with an experienced advisor who wants to help you grow and diversify your portfolio. The company provides strong customer care guidelines, and they’re always ready to simplify a process or answer any question. The group is relatively small, so you’ll feel connected to your advisor and representative, and they’ll see you as a person, not a transaction.
Setting up precious metal investments can sometimes be arduous or tedious, but Patriot Gold Group seeks to streamline this process. Paperwork is smooth, and account setup takes just one day. The company will also guide you through each step of the setup process, so you’ll never feel lost about what’s happening or what to do next. You’ll also be assigned a customer representative who will periodically check in to ensure you’re happy with the process.
Account management is also straightforward and efficient. You’ll be able to talk with your representative about your account at any time, and the account itself will be managed by professionals who work to make smart, profitable investments. The Patriot Gold Group also offers several custodian options, and while they only offer one main storage option, customers can choose from custodians located around the country.
IRA Services Offered By Patriot Gold Group
Patriot Gold Group offers IRA services with no fees. They are a customer-focused company that works to support its clients by answering questions, providing smooth transactions and setups, and offering IRAs that hedge against stock market and inflation fluctuations. The company oversees investments, offers a strong depository option, and provides various custodian choices.
Although Patriot Gold Group focuses almost entirely on precious metal IRA investments, you can also use cash to purchase gold and silver directly from them. If you purchase precious metals from them using cash, they can help you set up home storage options.
Patriot Gold Group also offers a buyback program if you wish to liquidate your precious metal assets.
How to Get Started with Patriot Gold Group
Patriot Gold Group takes the guesswork out of opening a precious metal IRA. If you visit their website, you’ll see a list of steps to take, which starts with filling out an online application. You’ll also need to meet the minimum account requirement. Patriot Gold Group’s website doesn’t state what this minimum is, but customers indicate that it’s around $15,000. As long as you meet this minimum, there are no fees associated with setting up or maintaining your account.
After filling out the application, a representative will contact you to discuss your options, and you’ll be sent an investor guide to help you make informed decisions. You’ll fill out some paperwork, which your representative will walk you through, and begin opening your new IRA. Once your funds transfer, you’ll be able to start investing in gold or silver. Again, you don’t need to be an expert to make precious metal purchases with Patriot Gold Group. A representative will answer any questions, and an expert investor will help you make the right investment choices.
Once you have purchased gold or silver, your representative will help you set up a storage account. Most people use the group’s default depository, but you may also be able to select a depository closer to you. A custodian of your choice will audit your investments. This custodian can also answer any further questions you might have about precious metal storage.
Patriot Gold Group Storage Options
Precious metals used for IRAs cannot be stored at home and must be kept in an IRS-approved depository. These depositories help to minimize risk through strict security regulations, so they’re an excellent resource for investors. Patriot Gold Group has partnered with the Texas Depository as their main depository.
If you want to use a depository closer to you, Patriot Gold Group may offer you various options, such as the Delaware Depository. However, the Texas Depository, which is used as a default by the group, offers several benefits. There are no fees for setting up an account or making withdrawals, and their annual rates are low. Shipping is tax-free, and the depository offers a full insurance policy through Lloyd’s of London. Your investments will be kept separate from anyone else’s, and full annual audits, conducted by a neutral third party, will occur each year. The facility is underground, offering an additional layer of protection, and private security teams work to ensure that the depository is secure at all times.
Patriot Gold Group Custodian Options
Patriot Gold Group has partnered with several custodial groups that oversee the security of your gold and silver investments. Because they have partnered with different groups, you can look through each option, explore their services and fees, and choose a custodian that suits your needs. The main custodian options when working with Patriot Gold Group are Goldstar Trust, Kingdom Trust Company, New Direction IRA, Entrust Group, Equity Institutional, and Strata Trust Company. Each company operates from a different location in the U.S.
Who Should Invest with Patriot Gold Group?
Any investment carries risks, but precious metals are a relatively stable investment, and the value of precious metals trends upward, even when inflation or the stock market fluctuates. For these reasons, precious metals are often a good investment choice for a variety of people, as they are considered a safer investment and help to round out your diversified portfolio.
If you’ve decided that investing in a precious metals IRA is the right option for you, you’ll need to consider whether Patriot Gold Group is the right choice as well. Although they have excellent reviews and customer satisfaction ratings, what they offer may not be what you need. For example, anyone who wants to invest with Patriot Gold Group should be ready to invest at least $15,000. This threshold can be high for some investors. The group is also a good option for anyone looking to invest in gold and silver, but because they don’t work with other precious metals, such as palladium and platinum, they may not be a good choice for anyone seeking to branch out.
Patriot Gold Group might also not be the right choice for you if you want more selections when it comes to your storage depository. Although the group might offer you some flexibility in choosing a depository, their main depository is the Texas Depository, and almost all of their customers’ investments are stored there. The company is also somewhat small, and although this creates a more personal experience, some investors might feel better working with a larger company.
Should I Be Worried that Patriot Gold Group is a Scam?
It’s always good to be vigilant about any investment companies that might be a scam, so wondering if Patriot Gold Group is a scam is a valid concern. However, this company is legitimate and not a scam. They have a 5-star rating with the Better Business Bureau and more than 120 5-star ratings with Consumer Affairs. They are also accredited through the Better Business Bureau and have an A+ rating. No complaints have ever been filed against Patriot Gold Group.
Patriot Gold Group strives to offer exceptional customer service by providing smooth, fast transactions, expert knowledge, and smart investment choices. Customers of the group generally feel safe in their investments and praise the company for the educational resources they offer. If you choose to invest with the group, you’ll work closely with one of the company’s owners, who will seek to make the best investments for you and your portfolio. You’ll also be assigned a representative who can answer any questions you have, will walk you through each step of the investment process and will continue to check in to make sure that your investment experience is a positive one.
Patriot Gold Group Takeaways
• Patriot Gold Group offers expert knowledge and seeks to put its customers first.
• The group has excellent customer satisfaction ratings.
• Each client will work directly with a company owner.
• The group offers a range of custodian options but only one depository option.
• The group is relatively small.
• There are no fees when working with Patriot Gold Group.
• Patriot Gold Group trades only in gold and silver and won’t be able to offer other precious metal investment options.
• Setting up an IRA is fast and straightforward, and a representative will walk you through each step of the paperwork and setup process.
Final Thoughts on Patriot Gold Group
For people looking to invest at least $15,000 in gold or silver, Patriot Gold Group can be a fantastic option. Although they are a smaller company, they offer strategic investment options and have a long-standing reputation for overall customer satisfaction. Each client will work directly with one of the company’s owners, and this helps clients feel more secure. The group provides each client with a representative who can offer assistance or answer questions at any time. Each client is also provided with a range of educational resources, so even if you know very little about precious metal IRAs and investing, you can learn as you go, empowering yourself.
Patriot Gold Group works with only one main depository, but it’s one of the best depositories in the U.S. The group also offers clients a wide range of custodian options.
Thanks to their experienced investors, personal approach, and the care they show each customer, it’s easy to recommend Patriot Gold Group to new investors.