Patriot Gold Group Review

Patriot Gold Group Review

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Many people have lost trust in conventional investment as a result of the economic volatility of recent years. While some investors still believe in conventional investing methods, others seek protection against market volatility or inflation.

This is especially true for a person's retirement fund. You can put some of your retirement funds into precious metals if you get close to retirement age. If the stock market drops again, you'll have something to fall back on, giving you breathing room until the economy recovers.

It is possible to get assistance in this area from Patriot Gold Group. Besides offering precious metals for sale, they also assist with opening a qualified IRA. Afterward, they direct you toward the goods most suitable for your needs and objectives. A lot of effort is put into informing and being open with customers.

A lot of effort is put into informing and being open with customers. Not all gold IRA providers are the same. It's common for businesses to have subpar policies or sneaky costs like commissions and fees. Several of them need better feedback or red flags. Does this hold for Patriot Gold Group?

We have researched the organization, its offerings and the management team. Much data is available to the public through the business's website. Consumer advocacy groups and independent review websites also provide their insights and critiques.

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About Patriot Gold Group

Patriot Gold Group Review

Patriot Gold Group of Los Angeles is a top-tier provider of gold IRAs and other precious metals. Established in 1990, the Business Consumer Alliance attests to its longstanding presence in the precious metals trade.

The firm has ties to the Numismatic Guaranty Corporation and offers a professional coin grading service. It acts as precious metals broker, claiming a rapid one-day turnaround and coordinating with clients' IRA custodians and storage facilities to expedite the purchase and selling of precious metals. A phone call to a Patriot Gold Group agent is all it takes to finalize a deal.

Without this help, coordinating transactions with a broker, custodian, shipper and storage facility would take significant time. When you place an order with Patriot Gold Group, they'll handle everything needed to handle your IRA or investment promptly and adequately.

Gold, silver, platinum and palladium IRAs are available through the firm. Even though it offers many different precious metal IRA services, not all are appropriate for retirement savings accounts. Bullion coins, bars and coinage recognized by the IRS are among the products and services offered.

The organization has a stellar reputation for customer service, with employees who are happy to take the time to answer any questions about IRAs.

Management Team

Jack Hanney, one of the most recognizable wealth management figures, is the company's chief executive officer. His career as an investment broker spans over two decades, during which time he has been employed by some of the most prominent organizations in the country. Senior partners are on staff in addition to the CEO and their areas of expertise include portfolio management, finance and diversified IRAs.

Management-related resources are readily available on the Patriot Gold Group website. The CEO, along with all other partners, managers and colleagues, are all profiled individually. Each person's bio has at least one paragraph devoted to their credentials and history.

In the corporate world, this is as open as it gets. Many businesses will share a little data on the CEO but keep everything about their staff private. Learning how many people work for a specific company can be challenging. To learn more about the associate assisting you, though, you need only visit the website.

Your Investment Partner

Patriot Gold Group Review

Patriot Gold Group enjoys a stellar reputation after 30 years of service as an investment firm. The organization is proud of its quick, easy setup process and helpful customer care representatives. Registration is simple and may be done over the phone or online with the help of its account specialists.

Having opened an account, a manager will take care of all your financial needs and advise you on investing your money wisely.

Only some financial services firms will go out of their way to help you. Some people only want a piece of the pie when you succeed. If you are worried about safety, it is in your best interest to research the company's payment options.

The Patriot Gold Group is among the most affordable options for gold and silver prices. It uses a novel arrangement that allows you to collaborate directly with owners, removing the need to divide up compensations for shareholders and top management.

Superior Reviews

Trustpilot, the premier consumer review website, consistently gives Patriot Gold Group high marks for its outstanding service. The company has been around for 30 years. Throughout that time, it has helped countless investors develop their precious metals holdings, diversify their portfolios and secure their capital in the best possible ways.

Reviews suggest that the Patriot Gold Group is an excellent resource for guidance via asset diversification and advice on the most time- and money-saving approaches. It offers investor pricing directly and does not tack on any additional costs to your purchases.

There is an initial cost for new accounts, but the first three years of storage are on the house. Signing up takes a day and you can start whenever you choose.

This business provides various services and goods to meet your requirements. In the following section, we'll examine the company's services in further detail so you can pick the right one for your needs.

Patriot Gold Group Product Offerings

Patriot Gold Group Review

To its consumers, Patriot Gold offers precious metals in the form of bullion bars, bullion coins and IRA coins. Like many other precious metals brokers, Patriot Gold Group offers coins and bullion for sale outside a precious metals IRA. Consumers should research the reporting requirements for the products they want to acquire and the precious metals forms they plan to use before making final decisions.

Whether you're looking into silver or gold IRAs or other precious metals investments, Patriot Gold is a great place to start:

Gold and Silver Coins

Gold Coins:

  • American Eagle Gold Coins: These coins are available in different sizes (1 oz, 1/2 oz, 1/4 oz, 1/10 oz) and are composed of 91.67% gold, 3.0% silver and 5.33% copper.
  • Canadian Maple Leaf Gold Coins: These coins are available in different sizes (1 oz, 1/2 oz, 1/4 oz, 1/10 oz) and are composed of 99.99% gold.
  • South African Krugerrand Gold Coins: These coins are available in different sizes (1 oz, 1/2 oz, 1/4 oz, 1/10 oz) and are composed of 91.67% gold and 8.33% copper.
  • Austrian Philharmonic Gold Coins: These coins are available in different sizes (1 oz, 1/2 oz, 1/4 oz, 1/10 oz) and are composed of 99.99% gold.

Silver Coins:

  • American Eagle Silver Coins: These coins are available in different sizes (1 oz, 1/2 oz, 1/4 oz, 1/10 oz) and are composed of 99.9% silver.
  • Canadian Maple Leaf Silver Coins: These coins are available in different sizes (1 oz, 1/2 oz, 1/4 oz, 1/10 oz) and are composed of 99.9% silver.

Gold Bars

Gold bars are available from Patriot Gold. However, their selection is narrow, with just 10-ounce gold bars from the Royal Canadian Mint.

Storage Options

Patriot Gold Group Review

If you're a member of Patriot Gold Group, your precious metals can be stored in one of their many depositories throughout the United States.

Holding precious metals in a self-directed IRA is often prohibited under IRS regulations. Patriot Gold Group provides a complex solution for those interested in storing metals in an IRA at home despite the IRS's strict regulations.

Instead of trusting the company's unproven approach, which also needs you to manage storage and security, storing your metals at a depository is usually advisable.

The firm will assist you in installing a safe to secure any valuables you plan to keep at home that isn't part of your IRA. The Patriot Gold Group's web portal may help anybody interested in opening a precious metals IRA get started in the right direction.

Patriot Gold Group Gold IRA Associated Fees

Patriot Gold Group provides investor-direct pricing, which is a nice bonus. Patriot does not charge its customers a premium on top of the price of the precious metals they buy, as do many other dealers.

There is a tiered pricing structure for gold IRAs. For brand-new Precious Metals IRAs, Patriot Gold charges a one-time cost of $225, but they'll waive it for investments above $30,000. The first year's rollover charge of $260 is refunded and storage expenses for the first one to three years are waived.

With IRA balances above $100,000, all expenses are covered and for balances over $250,000, you can enroll in the "No Fee for Life IRA." Patriot Gold will cover the transportation costs to and from a depository or your residence.

The costs charged by custodians and storage facilities are independent of Patriot Gold Group's charges. When opening an IRA, understand the costs associated with the transactions you want to make.

The custodian charges an annual fee for storage and insurance that fluctuates based on the value of your account or the amount you withdraw. Although Patriot Gold has longstanding relationships with STRATA Trust and Equity Institutional, they are willing to cooperate with any custodian.

Additional fees for custodial services such as withdrawing funds from an IRA, processing paperwork, closing the account or sending money by wire transfer, can cost anywhere from $5 to $250.

How to Set Up an IRA with Patriot Gold Group

Moving it to Patriot Gold is simple if you already have a self-directed IRA. You may arrange this transfer by phoning the Patriot Group's toll-free number; a representative will walk you through the steps and you'll electronically sign all the appropriate paperwork.

Within the subsequent two days, accounts are made available. Establishing a new account with Patriot Gold Group often begins with the client filling out a registration form online or over the phone.

Once you have paid the one-time cost and your Patriot Gold Group account has been set up and financed, you may begin executing trading orders. The speed with which the custodian transmits monies affects the timeliness of purchases.

The time it takes to move funds from one custodian to another is essential when selecting an IRA custodian. Therefore, it's best to get estimates from a few different institutions.

Within two business days after receiving the money, Patriot Gold will execute the trade. In compliance with IRS requirements, when you buy precious metals from Patriot Gold Group, they will deliver your shipment to your chosen storage facility.

Customers' Comments About Patriot Gold Group

Patriot Gold Group Review

Patriot Gold Group has received rave reviews from satisfied customers thanks to its prompt service and efficient response. Several satisfied clients have left testimonials on various websites.

The BBB or Better Business Bureau, is a nonprofit that provides consumers with information to help them choose reliable businesses. Halt Gold Group, the parent business of Patriot Gold Group, has an A+ rating from the Better Business Bureau.

In addition, Patriot Gold Group has an excellent five-star rating on ConsumerAffairs, with only a handful of somewhat negative complaints out of 128 total. The hefty entry price and coin valuation disputes account for most of the criticism.

Google reviews and Facebook ratings average 4.4 stars, with many users praising the company's patience in answering questions about setting up a gold IRA. TrustPilot gave the firm a 4.7-star rating based on 32 customer reviews.

Why Add Gold to Your IRA?

Patriot Gold Group Review

There has been a rise in the number of people choosing to diversify their retirement savings by purchasing gold in their retirement accounts. Gold's relative stability during market turbulence makes it an attractive asset for investors. When added to an IRA, gold may also give considerable tax benefits.

Putting gold into an IRA is a long-term investment with the potential for growth in value. In contrast to paper assets like stocks and bonds, gold retains its value throughout time because of its physical nature and is therefore immune to inflation.

Gold's low correlation to other assets and its perceived safety-haven status make it a useful hedge against market volatility.

Gold provides a haven and considerable tax benefits when added to an IRA. An IRA holder does not have to pay capital gains tax on profits from buying and selling gold inside the IRA's confines. Those with higher tax rates might benefit significantly from this because of the size of the potential tax savings.

Gold's inclusion in an IRA might contribute to the account's diversification. Adding gold to an IRA can assist in lowering overall portfolio risk due to gold's low correlation to stock market values. Those with a sizable portion of their retirement funds invested in equities may find this a helpful strategy.

How Can You Withdraw from a Gold IRA?

It's important to note that the IRS has rules about when you may begin taking withdrawals from an IRA. When you reach the age of 59½, you can start withdrawing money from the account. If you cash out before you turn 59½, you'll have to pay a 10% penalty on top of any taxes you owe.

There are two ways to access the funds in your self-directed IRA. Patriot Gold Group is one company that can assist you in getting the gold from the vault to your house. You can do whatever you like with them when you own silver or gold coins and bars.

On the other hand, your account representative can assist you with selling your metals and transferring the funds to your bank account. This is the better alternative for those needing some quick cash.

Final Thoughts

After researching, select a firm to manage your retirement account or other individual retirement plans. To help you decide if Patriot Gold Group is the best fit for you, we have taken the time to assess the company thoroughly.

You can put your faith in this organization to manage your silver or gold IRA or investment because of its high ratings from past customers, the exceptional service it provides and the quick response times it offers.

Moreover, customers are given much leeway to manage their IRAs independently with the required support. To convert to Patriot Gold, you don't have to change custodians; you may keep using the one you're already happy with.

If you are still determining the type of caretaker you need, that's fine, too. Patriot Gold Group has established reliable relationships with several market pioneers and can thus quickly introduce you to one. The higher up-front cost is the only real negative, but considering all the advantages, it may be well worth it.

Patriot Gold Group is a reputable business, but they aren't our first choice if you're searching for a precious metals dealer or an IRA provider.

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