Patriot Gold Group has been around for ages as one of the longest-standing companies in the gold IRA space. Their knowledge and work with precious metals makes them a contender for any other company out there, but are they right for you?
Key Takeaways
You have to be in this for the long-haul to get a return on your first-year rollover fees, and the initial setup cost is a bit higher than other gold groups.
Patriot Gold Group has been doing this for quite some time, so they focus on the larger accounts and create a program for top-tier investors at a quarter-million or more for their initial investment.
While the minimum commitment isn’t crazy, you still have to have at least $15,000 to get started. Their customer service, website, and overall program are great, they’re just not as beginner-friendly as one might think.
Pros & Cons
Patriot Gold Group is a precious metals IRA firm that helps you secure your financial future against inflation and economic uncertainty.
They host a plethora of knowledge on investing, from history to projections for the future, and give you everything you need to make wise investment decisions right from the start.
Their fees are a bit higher than other firms, but nothing unreasonable or unmanageable. They understand their worth and what their experience means; we can all respect that.
About Patriot Gold Group
They’re a very cut-and-dry company, although in this space, that isn't a bad thing. They boast reviews and anything that will hoist their credibility higher.
Offering precious metal IRAs, coin grading, gold IRAs, and hosting an impressive knowledge center on their website, Patriot Gold Group wants you to know how serious they are at every turn.
Put plain and simple, if you’re serious about your financial future, you have a company here that aggressively dominates the gold IRA market. They’re one of the best options out there, even if they’re a little daunting for beginning investors.
Patriot Gold Group Services
- Excellent Precious Metals Catalogue: You have access to gold, but you also have access to silver, platinum, and palladium.
- Top-Tier Customer Service: You know how you call some places and the person on the other end of the phone has no idea what they’re doing? Patriot Gold Group has knowledge professionals on the other end of the line, not some third-party call center.
- No Fee For Life IRA: If you make a deposit of $250,000 and maintain that balance in your IRA, there’s no fees for your IRA account (annual fees, transactional fees may still be incurred)—you’re in the big leagues.
- Expert Advice: Their knowledge center and intelligent, experienced associates will be able to direct you in the best possible investment path with today’s up to date information.
- Free Gold Coins: This is specific and doesn’t run all the time, but a big way that Patriot Gold Group incentives you to switch from another gold IRA is by offering free gold coins (up to $2,500 in value) for you to do business with them.
Patriot Gold Group Fees & Costs
These are the fees you can expect to see when you sign up with Patriot Gold Group.
Service | Investment Minimum | Annual Fees |
|---|---|---|
Precious Metals IRA | $15,000 | $225 |
Non-IRA | $15,000 | $150 (if stored in a depository; $0 if stored by you) |
- Initial Setup Fee: $225.00 for any investment under $30,000, otherwise this fee is waived; it’s a large initial investment for most, so account for accepting the fee
- Minimum Account Size: $15,000 is the minimum investment, otherwise you can’t open an account with Patriot Gold Group.
- Storage Fees: You can expect to pay $150 for storage with Strata Trust, or $180 with Equity Institutional; you often don’t get to choose your storage, so this at least gives you that option.
- Transactional Fees: This isn’t one we see in many gold IRA companies, but there is a custodian-specific fee on top of shipping costs (shipping costs are normal), so you want to buy in bulk to maximize your return.
Is Patriot Gold Group Right for You?
Patriot Gold Group has the experience to take on any serious investor, and as a result may be daunting for newer investors. They’re a knowledgeable firm with more experience in this business than most, and are beyond capable to handle investments of all sizes.
Get more information and learn about your potential free gold coins from Patriot Gold Group before you finalize your decision.
Patriot Gold Group FAQ's
Yes, Patriot Gold Group is one of the longest-standing gold groups in the United States, and it’s because they stick to their core values, and have created a space where you can accurately buy and sell your gold while your wealth soars.
They maintain a fairly updated and intuitive set of tools despite being an older business, so they’re definitely aware of the changing climate and are doing everything to stay relevant.
Since 1990, making it one of the only gold groups with over three decades of experience. Patriot Gold Group was founded in Los Angeles, and despite the rising issues with taxes, housing, and everything else, they’ve stayed there and stuck to their roots.
They also became a part of the Numismatic Guaranty Corporation to become certified as a coin grading service, so their ties run deep.
Most IRA types can be rolled over. Roth IRA, self-directed, and 401(k)’s included. Your account specialist will be able to walk you through the entire process from top to bottom.
The process can take some time, and there are those fees associated that we talked about earlier, but Patriot Gold Group makes sure that everything is secure every step of the way.
Not having a buyback program when you’re a gold IRA company doesn’t look good. Yes, Patriot Gold Group does have a buyback program with competitive pricing.
The criteria is that you need to submit your request in writing, and that it can take some time, but they’re fully open to helping you liquidate your gold or precious metals IRA if you wish.
Rollover processes can take a while depending on the account type, but suffice to say, they will do their best to ensure the process happens quickly on their end.
Your financial institution holding your IRA may take some time to transfer appropriately. Be sure to discuss this with your financial institution prior to making this decision and speak with someone in charge who can expedite the process for you, or at least provide insight into how long it should take.
Compare to Other Companies
Patriot Gold Group
Patriot Gold Group’s objective is to provide clients an opportunity to work directly with the owners of the firm.
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Patriot Gold Group’s objective is to provide clients an opportunity to work directly with the owners of the firm.
