Patriot Gold Group Review 2024: Pros, Cons, and Pricing

If you’re searching for a secure investment opportunity, look no further. Patriot Gold Group is the perfect choice for securing your retirement plan. We have valuable insights to offer and understand the importance of selecting a trustworthy company for your investments. Our team has conducted thorough research into the major players in the industry.

Through our extensive evaluation process, we have analyzed various factors to identify companies that excel in customer service. We aim to assist you in comparing and contrasting the best options available, enabling you to make an informed decision that aligns with your investment goals and requirements.

During this exploration, we will explore what sets Patriot Gold Group apart as a trusted choice for investors looking to protect and grow their wealth. Join us on this enlightening journey where gold, knowledge, and prosperity intersect within the realm of Patriot Gold Group

What Is Patriot Gold Group?

Patriot Gold Group, a reputable gold IRA company specializing in precious metals and gold IRAs, is headquartered in Los Angeles. According to the Business Consumer Alliance, they have been active in the precious metal industry for over three decades, commencing their operations to the public back in 1990.

They offer a Professional Coin Grading Service and are affiliated with the Numismatic Guaranty Corporation.

They pride themselves on their impressive ability to complete transactions within one day. Patriot Gold Group effectively acts as a broker for precious metals investments and resales by collaborating with clients’ IRA custodians and storage facilities.

With help from a Patriot Gold Group representative via telephone, you can easily complete your transactions. This eliminates the need to coordinate significantly dealings with brokers, custodians, shipping companies, or storage facilities.

Once they receive your orders as a client of Patriot Gold Group, they ensure accurate and efficient processing of your investment or IRA. Their staff members go above and beyond by gladly explaining IRA details to potential clients while delivering outstanding customer service.

What Does Patriot Gold Group Offer?

Patriot Gold Group specializes in assisting individuals with the purchase, sale, and safekeeping of valuable metals for investment. They offer guidance to those interested in establishing gold IRAs, also known as precious metals IRAs.

Precious Metals IRA

Saving for retirement is a common goal among many individuals who want to ensure they have a financial cushion once they stop working. One of the most effective ways to grow your savings over time is through investing, which is why most people choose to invest their retirement funds.

A gold IRA offers a specific type of account that caters to individuals looking to save for retirement. Unlike traditional IRAs, where you deduct the money you contribute from your income when filing taxes, with a gold IRA, you pay taxes on withdrawals during retirement at potentially lower tax rates.

Patriot Gold Group specializes in helping investors open gold IRAs, providing them with the opportunity to invest in precious metals while enjoying the tax advantages associated with an IRA. Working alongside Patriot Gold Group allows you to contribute cash and purchase metals for your account. They offer help in managing storage and transportation arrangements on behalf of their clients.

Silver and Gold Products

If opening a gold IRA isn’t in your plans, you can still engage with Patriot Gold Group to buy and sell precious metals. Their focus is on gold and silver coins, excluding other options like platinum and palladium.

The coins for purchase are sourced from various countries worldwide, some of which include:

• Canada
• Austria
• South Africa
• United States

Patriot Gold Group has a limitation in that it does not display the specific prices of its coins on its website. Instead, to obtain a quote, you can indicate the desired investment amount for each type of coin. However, in order to ascertain the pricing for individual coins, it will be necessary to communicate with one of the company’s representatives.

How Much Does Patriot Gold Group Cost?

When dealing with a financial institution, whether it’s a bank or an investment firm, it’s essential to consider the Patriot Gold Group fees involved. This holds true even for companies that specialize in helping individuals invest in precious metals. Investing in precious metals is more intricate compared to other financial services, which leads to additional expenses.

Precious metals are physical assets, unlike stocks and bonds. There’s a need to physically transport and securely store these valuable materials. As a result, investors in precious metals are required to cover the costs associated with storing their coins and bars securely.

Pros and Cons of Patriot Gold Group

Pros

• The staff at Patriot Gold Group is known for their friendliness and efficiency
• Experience fast processing times
• Patriot Gold Group boasts over three decades of knowledge and a solid reputation in the industry
• Establishing an IRA account is a quick and straightforward process
• Patriot Gold Group provides clients with the flexibility to select their custodian and storage company, giving them full control of their IRA account

Cons

• The offerings are limited to silver and gold bullion, with no other precious metals available
• Clients cannot opt for in-home storage of their bullion
• The initial startup fee of $225 exceeds that of other precious metal IRA companies
• There are restricted choices for acquiring gold bars

Where Does Patriot Gold Group Store My Precious Metals?

Storing precious metals is a complex endeavor for investors. These physical assets need to be securely placed somewhere to protect them from potential damage or theft.

Patriot Gold Group provides several options for vault storage of precious metals. Through partnerships with multiple depositories across the country, the company offers transportation and storage services for gold and silver for a fee.

For taxable accounts, Patriot Gold Group allows investors to store their metals at home.

According to IRS regulations, IRA investors aren’t permitted to hold precious metals in their self-directed IRA at home. However, Patriot Gold Group has devised an intricate strategy that enables investors to store metals in an IRA at home without violating IRS rules.

In practical terms, it’s advisable to keep your metals at a depository rather than relying on the company’s untested method which entails managing storage and safety concerns as well.

Can I See How My Precious Metals IRA Is Performing?

It’s crucial to monitor and evaluate the performance of your investment portfolio. This enables you to make necessary adjustments to your portfolio and investment strategy.

Once you have completed the process with Patriot Gold Group, they will assign you a custodian who will provide you with an online account for accessing and reviewing your portfolio.

On their website, the company provides real-time pricing data for gold and silver. These charts can serve as valuable tools in informing your investment strategy.

How to Open an Account?

To start a precious metals IRA with Patriot Gold Group, you can either complete an application on their website or give them a call at (877) 583-2399. This application will require you to provide your contact details and personal information, including your Social Security number.

You’ll need to supply your bank account information so that the company can withdraw funds from your account when making purchases.

Once you have submitted this information, an account representative will contact you to help finalize the opening of your account. If you wish to transfer an existing retirement account into your new precious metals IRA, Patriot Gold Group’s 401(k) and IRA Rollover department is available to help facilitate the process.

To make purchases, simply reach out to your designated account representative. They will guide you through placing orders and arranging for the coins and bars to be transported securely to your chosen storage location.

How Can I Withdraw From My Account?

If an Individual Retirement Account (IRA) is opened, the Internal Revenue Service (IRS) imposes regulations on when withdrawals can be made from the account. It’s only possible to withdraw funds once you reach the age of 59½. Any premature withdrawals prior to that age will result in both a 10% penalty and potential tax obligations.

When you decide it’s time to access funds from your self-directed IRA, there are two alternatives available.

Patriot Gold Group offers help in transporting precious metals from their storage location directly to your home. Once you have physical possession of silver or gold coins and bars, you have full discretion over what actions to take with them.

Your designated account representative can facilitate the sale of your metals and deposit the resulting cash proceeds into your bank account. This option proves more convenient if immediate spending money is necessary.

Contact Support

When it comes to investing in precious metals, it’s crucial to work with a company that offers reliable and accessible customer support. Throughout the process, you’re likely to have inquiries, so selecting a company with the capacity to meet your needs is of utmost importance.

Patriot Gold Group provides various means of contacting them, allowing you to choose based on your preferences. If you require prompt help from a representative, their live chat feature is available. It’s important to note that this feature doesn’t function as an instant messaging experience. Instead, a link will appear in a box at the lower right-hand corner of the screen where you can quickly enter your name, email address, phone number, subject and message.

During business hours, it remains uncertain whether someone will respond immediately after submitting your message. This option serves as an added convenience for users.

If speaking directly with someone suits you better,you also have the option of reaching out via telephone by dialing 877-711-6641.For those who prefer electronic communication,emailing PGG’s representatives can be done by sending an email addressed at info@patriotgoldgroup.com.

For individuals residing in proximity,the possibility exists for visiting PGG’s location situated at Seal Beach 3010 Old Ranch Parkway Suite 350,in Seal Beach California 90740.

Patriot Gold Group Reviews from Real Users – How Legit Is It?

Is Patriot Gold Group legit? Yes. Not everyone is constantly satisfied with every business they interact with, let’s face it. As a knowledgeable consumer, you’re aware of the importance of assessing any warning signs before making significant choices, such as investing in precious metals. Hence, what do the reviews of Patriot Gold Group indicate?

PGG has received many positive reviews from customers who appreciate their excellent education on precious metals. The majority of investors have found comfort in their experience and believe they have acquired valuable knowledge to secure their retirement.

Alternatives to Patriot Gold Group

Augusta Precious Metals – Best Precious Metal IRA Company Overall

With over 45 years of expertise in the field, Augusta Precious Metals stands out as a leading company specializing in gold IRA investments. Besides silver and gold bullion, they offer an array of investment products.

Transparency is a key priority for them, as evidenced by their detailed breakdowns of expenses and personalized web panels for clients. While transaction fees aren’t applicable, there are price spreads associated with physical metals. Despite requiring a higher minimum investment, Augusta’s reputation remains strong due to its reliable refund policy and secure storage facilities.

However, they have limited options when it comes to metal selection and require a high minimum investment amount. Their exceptional customer service sets them apart from the competition in the industry.

American Hartford Gold – Best Precious Metals IRA Company for Small Investments

American Hartford Gold is a well-established company specializing in gold IRA services, boasting an impressive track record and receiving consistently high ratings from satisfied customers. Their range of offerings includes precious metal IRAs, as well as gold and silver IRA rollovers.

They facilitate direct purchases of gold and silver bars/coins. Investors have the flexibility to choose between direct purchases starting at $5,000 or gold IRA rollovers starting at $10,000. To ensure the utmost security for their clients’ investments, American Hartford Gold collaborates with Equity Trust as a custodian and partners with reputable storage companies like Brinks and Delaware Depository.

Dedicated account representatives are available to provide ongoing support to investors throughout their journey with American Hartford Gold. The company offers a valuable free guide that assists investors in making informed decisions regarding their investment strategies. When you choose American Hartford Gold for your precious metals investment needs, you’re partnering with professionals who prioritize excellence and customer satisfaction.

Oxford Gold – Best for Educational Resources

Oxford Gold Group is an esteemed company that specializes in helping individuals plan for their retirement by offering precious metals IRAs. Their services encompass a vast array of options, including the acquisition of physical gold, the establishment of Gold IRAs, and expanding investment portfolios with silver, gold, platinum, and palladium.

The company places great importance on educating clients and also ensures secure storage through trusted facilities such as Brinks Depository and Delaware Depository. Despite the enigma surrounding its ownership, Oxford Gold Group aims to provide valuable guidance to those seeking a successful and diversified future during retirement.

Patriot Gold Group Review – Frequently Asked Questions

Do My Precious Metals Have to Be in the Form of Bars, or Can They Be Coins?

To be included in precious metals IRAs, only certain coins are authorized. The IRS has a designated list of acceptable forms of precious metals that can be held in IRAs. Patriot Gold Group specializes in dealing with coins and bars for IRAs within the guidelines set by the IRS.

Can I Choose Any Self-Directed IRA Custodian or Use Patriot Gold Group’s Recommended Companies?

Patriot Gold Group collaborates with self-directed IRA custodians that are approved by the IRS in the United States. Among these options, they specifically highlight STRATA Trust Company and Equity Institutional as two reputable companies for self-directed IRAs.

Final Thoughts on Patriot Gold Group

Patriot Gold Group is a reputable company that provides valuable help to individuals new to Precious Metals IRAs or already have this type of account.

By offering self-directed IRAs that include assets like precious metals, they enable consumers to diversify their retirement savings while also benefiting from the tax advantages of a self-directed IRA.

Patriot Gold Group takes care of the entire process, from facilitating the buying and selling of precious metals on behalf of their customers, coordinating transactions with the IRA custodian, and ensuring secure storage for these assets.

The main advantage that Patriot Gold Group brings to its customers is time savings and hassle-free experience. With almost three decades in the precious metals industry, they handle all necessary paperwork and electronic tracking between custodian and vault. This not only saves investors valuable time but also ensures that the purchased precious metals are suitable for an IRA.

In conclusion, Patriot Gold Group offers comprehensive support in navigating through Precious Metals IRAs by streamlining processes and providing expert guidance every step of the way.