Patriot Gold Group Review
Patriot Gold Group is a precious metals firm based in Los Angeles, California. The firm assists clients in investing in precious metals, particularly gold and silver. Patriot Gold Group investors can invest in these metals through taxable accounts and Individual Retirement Accounts (IRAs). IRAs provide tax benefits to people who use them to save for retirement. In this Patriot Gold Group review, we’ll go over everything you need to know about establishing a gold IRA.
Table of Contents
- Patriot Gold Group Gold IRA – Everything You Should Know
- Patriot Gold Group Benefits
- Patriot Gold Group Costs of Investing
- How to Begin a Patriot Gold Group Precious Metals IRA
- Patriot Gold Group Products and Services
- Patriot Gold Group Customer Ratings and Reviews
Patriot Gold Group Gold IRA – Everything You Should Know
What is Patriot Gold Group?
Patriot Gold Group offers precious metals IRAs. You can put your money in gold or silver. There are no wages for life on qualifying IRAs, and you can set up your retirement account in a day. Patriot Gold Group also offers to store the precious metals somewhere that you choose, but it doesn’t tell people where it is.
What Does Patriot Gold Group Do?
Patriot Gold Group is a company that offers gold and silver coins and bars. You can buy them or set up an IRA account. This company lets you talk to one of the owners, too. And it can open up an IRA account in as little as 24 hours!
Patriot Gold Group Executives
This company was founded by Jack Hanney. He is the current CEO of the company. The Patriot Gold Group has been rated number one GOLD IRA dealer in the United States for four consecutive years (2016, 2017, 2018, and 2019).
This company is hard to say when it was founded. But when you search, you will find out when the Patriot Gold Group was founded.
The Patriot Gold Group has been in business for a long time. Some people say they started in 1986, but the Business Consumer Alliance says 1990.
The Patriot Gold Group has been around for over three decades.
- Jack Hanney – Founder and Chief Executive Officer (CEO)
- Mike Celano – Senior Partner
- Charley Chartoff – Senior Partner
- Andrew Clay – Portfolio Manager
- Frank Johnson – Retirement Specialist
Patriot Gold Group Benefits
You can open an IRA with Patriot Gold Group. You will have many benefits.
- There are no wages for life on qualifying IRAs. That means the company will pay any fees that you incur to roll your money over and store it. They will also pay insurance costs.
- You can fill out an application online. Or you can speak to a Patriot Gold Group representative about the process.
- You cannot buy gold and silver online. But you can add gold and silver products to a quote tool on Patriot’s website. That will make it easier.
Patriot Gold Group Costs of Investing
Patriot Gold Group helps you by giving you Investor Direct Pricing. Other dealers make money on top of what you buy. But Patriot Gold does not do this. There is a $225 setup fee if you are new to investing, but it will be waived for investments over $30,000. Patriot Gold Group will not charge you any storage fees, and they will give back the $260 rollover fee. If you have a million dollars or more in your account, they will let you use their IRA with no fees.
Custodians and storage facilities control their own wages, which are not the same as Patriot Gold Group’s fees. Be sure to find out what kind of fee they charge before you open an account with them for your IRA.
Annual fees are due to the company for storing and insuring your money. The amount of the fee depends on your account balance or how much you have transferred. Patriot Gold works with many companies, but they have a special relationship with STRATA Trust and Equity Institutional. Some of the fees are written in the table below. Other fees range from $5 to $250 for services, such as taking money out of your IRA, processing documents, or making a wire transfer.
How to Begin a Patriot Gold Group Precious Metals IRA
If you have a Precious Metals IRA, you can talk to a Patriot Gold Group representative. They will transfer your account over the phone. This means you can sign documents online, and they will open your new account within 48 hours. Setting up a new account is similar to other processes. It starts with filling out the application on the Patriot Gold Group website or calling a representative.
The Patriot Gold Group will help you set up an IRA. It is called a Retirement Account, where you save money to use when you stop working. After your account is set up, they can trade for you. When you decide which IRA custodian to use for your Precious Metals IRA, it is vital to ask about the timing. This will help you decide who to pick. When you have received your money, then they will complete the trade within 48 hours. After that, they will send the order to the storage company.
Patriot Gold Group Products and Services
While lots of precious metals are available from a company called Patriot Gold Group, not all of them are to be used for IRAs. The Taxpayer Relief Act of 1997 limits the metals that are allowable for self-directed or alternative-asset IRAs to gold, silver, platinum, and palladium. The list of these metals is below:
- Silver: To be part of an IRA account, silver coins and bars must have a purity of at least 99.9%.
- Gold: Gold bullion must have a fineness of at least .995%. The American Gold Eagle is the only exception.
- Platinum and Palladium: The minimum fineness for platinum in an IRA is .9995%.
Patriot Gold sells metal that is very expensive. They sell it in the form of bars and coins. The bars are for people who do not want to buy a lot of different things, and the coins are for people who want to buy a lot of different things. Some of these products are subject to special reporting laws, so you will need to understand the regulations that come with each purchase.
Patriot Gold Group gets rid of gold and silver coins and bars. They can be delivered to your home, or you can buy them for a precious metal IRA. The company also mentions platinum and palladium but does not sell any products in these metals at the time of publishing.
More than 25 different coins are available. Bullion coins, private coins, and proof coins are different kinds of coins. The IRS also has requirements for any kind of gold or silver that is used in an IRA account. Only approved products can be used for this type of account.
Patriot Gold Group Customer Ratings and Reviews
Patriot Gold Group is a company that helps people invest in gold and silver. In addition, they offer help to people who want to open an IRA account. They also sell some of the most popular coins for retirement savers and collectible coins for collectors. Unfortunately, the prices for products on the website are not available. Patriot Gold Group does not give any information about which IRA custodian is used to providing services or where the deposits are.
Augusta Precious Metals
For almost 50 years, Augusta Precious Metals has been selling gold and silver. They assist you in creating wealth and providing a secure retirement by offering a service. Investors can create an IRA at Augusta Precious Metals that aren’t already in a retirement account. After that, they may purchase gold or silver.
Representatives from Augusta Precious Metals talk with individuals who have opened a retirement account. This is an account that consists exclusively of gold and other precious metals. It has the same tax-deferred status as other self-directed IRAs.
American Hartford Gold
American Hartford Gold Group is a family-managed business that trades gold. You can purchase gold as bars or coins. IRAs in gold and silver are a viable alternative to conventional IRAs. They enable you to invest in precious metals. These IRAs also assist you in diversifying your retirement portfolio.
The company offers gold and other types of precious metals. Bars and coins are the two types of metal that may be purchased. A gold IRA is a kind of investment account that allows you to invest in precious metals without paying taxes.
Goldco strives to help people in their later years. They may make sure they have money so that they don’t end up being poor again. This is accomplished by the Goldco organization.
They have an A+ rating from the Better Business Bureau and a Triple-A standing from the Business Consumer Alliance because consumers appreciate how they do things, such as their dependability and ethical business practices. Call to discover how you can use valuable metals like gold or silver to save your money and achieve your retirement objectives.
Goldco is a firm that assists you in creating and maintaining an IRA account, but it only works with gold and silver IRAs. If you want to invest in other precious metals, you may do so within these accounts.
The Birch Gold Group can assist you in saving money. They were founded in 2003 and are based in Burbank, California. They specialize in assisting individuals with their savings, retirement, and precious metals accounts.
The firm has assisted clients in moving their IRA, 401(k), and other tax-advantaged retirement accounts out of equities, bonds, and mutual funds for the past several years. Birch Gold is a firm that helps individuals save money. They are able to do this thanks to the precious metals they include it in, such as gold. Visit their website or contact them if you want to learn more about how they can assist you.
The Birch Gold Group is a firm that supports gold IRAs for consumers. It allows you to start or continue your existing one.
If you’re considering a self-directed IRA but don’t know where to start or need help with the process, contact Patriot Gold Group. The company can guide and assist in this complicated financial decision by providing valuable information and guidance on how best to diversify your retirement assets while receiving tax benefits.