April 8


Patriot Gold Group: The Best Place to Buy Precious Metals

If you are thinking about whether or not to buy from Patriot Gold Group, reading this article will help you make a decision.

It will tell you everything you should know about it. Is it a scam, or is it real?

Let’s find out now!

Get Started Immediately By Getting Your Free Gold Investors Kit

What is Patriot Gold Group?

Patriot Gold Group is a company that sells various precious metals products, including ones that can be put in an IRA. It was established in 1986, turning it one of the longest-running precious metals dealers in the industry.

The current company CEO is Jack Hanney. Their headquarters are situated in Los Angeles, California.

Patriot Gold Group is also known as Halt Gold Group. This is because Patriot Gold Group is the parent company. Patriot Gold Group is also certified by the Professional Coin Grading Service or PCGS.

Patriot Gold Group Products and Services

Patriot Gold Group presents a wide selection of precious metal products, including gold, silver, platinum, and palladium. They come in both coins and bullion form.

The company offers products that you can use to save money for your retirement. These products are eligible to be put in Individual Retirement Accounts.

Patriot Gold Group can work with any IRA custodian for the IRA services. Still, it prefers to work with STRATA Trust and Equity Institutional.

Patriot Gold Group Fees and Costs

The fees and costs for Patriot Gold Group are shown below.

  • Set-up Fee : Investments under $30,000 pay $225. Investments over this amount enjoy a free set-up
  • Minimum IRA Size: $15,000
  • Per-Transaction Fees: This depends on the custodian. Strata fees cost $40 plus shipping cost
  • Storage and Insurance Fees (depends on the balance of the account): Equity Institutional – $180; Strata Trust – $150
  • Metals offered: Gold, silver, platinum, and palladium coins and bullion coins
  • Trading/Business Hours: Monday-Friday, 7:30 a.m.-5:30 p.m. PST

How does it work?

Suppose you have a Precious Metals IRA account. In that case, you can contact Patriot Gold Group to help you with the rollover process. Within two days, your account will be activated.

If you don’t have an account yet, a representative will help you with the application process.

You can fund it with precious metals ira when your account is ready. The representatives will help you choose the best ones for your account.

Patriot Gold Group Ratings and Reviews

Patriot Gold Group has ratings and reviews from the websites below.

  • BBB – Based on 6 reviews, gives 5/5 and A+ rating
  • BCA – Based on 17 reviews, provides a 5/5 rating
  • Trustpilot – Based on 27 reviews, provides a 4.6/5 rating

The company has good ratings and reviews so far. However, it has fewer reviews than its competitors.

Patriot Gold Group Pros and Cons

  • For almost 30 years, they’ve been in operation.
  • Good products and services
  • Good ratings and reviews
  • Investor Direct Pricing
  • Not U.S. Mint is listed
  • Lacks reviews
  • You need to call them or fill out a form on the Patriot Gold Group website to get more information.

Is Patriot Gold Group a scam?

Patriot Gold Group is not a scam. It is a legitimate company that has been in business since 1986. Patriot Gold Group also has good services and products.

Its only drawback is that they don’t have as many reviews as other companies.

Ratings and reviews can both be helpful when it comes to deciding which company to buy products from.

Background and History of the Patriot Gold Group

Patriot Gold Group was founded in 1990 and is a recognized Professional Coin Grading Service (PCGS) organization. The Numismatic Guaranty Corporation, a major coin grading agency, has been a long-time member of the firm.

The company’s main offices are in Los Angeles, California, even though it has multiple locations. Since its inception, the Patriot Gold Group has garnered various accolades and recognitions for its work in precious-metals IRA facilitation and client management.

Led by Experts

Chief Executive Officer Jack Hanney, one of the most well-known figures in the wealth management industry, is at the helm. He worked as an investment broker in some of the country’s most prominent firms for over 20 years. Senior partners with expertise in portfolio management, finance, and IRA diversification work alongside the CEO.

Your Business Partner

The Patriot Gold Group has a solid track record of producing profitable investments for clients worldwide over the last 30 years. The organization prides itself on providing exceptional customer service and a quick setup process. Its customer service specialists will walk you through the entire registration process, which you can do online or over the phone.

After setting up your account, an account manager will handle all of your transactions and even provide investment recommendations.

Not all investment firms are committed to assisting you. Some people simply want to be a part of your success. If you’re concerned about security, look into the company’s payment methods.

Competitive Payment System

The Patriot Gold Group provides competitive gold and silver prices. It also uses a unique arrangement that allows you to deal directly with owners, eliminating joint costs on executive and shareholder compensation.

What Are the Advantages of a Precious Metals IRA?

A precious metal IRA entails purchasing precious metals in the form of bullion bars or coins, which Patriot Gold Group will store at a location of your choice. A precious metals IRA is advantageous for a variety of reasons.

Here are a few good reasons to buy them:

1. Precious metals are often considered to be safer investments.

While no investment is without danger, precious metals are a safer asset to invest in since their value is relatively steady, making it less likely that you would lose money while selling them.

Because precious metals are not affected by inflation, they are commonly employed as a hedge against investment losses in an economic downturn.

2. You have a greater degree of control over your investment.

Unlike other asset investments, a precious metals IRA is a self-directed IRA, which means you have complete control. You can select the precious metal coins and bars you want to purchase and where and with whom they will be held.

Your IRA is maintained by Patriot Gold Group so that you retain control over the account.

3. The greater the demand, the higher the price.

The value of your investment rises in tandem with the rise in demand for precious metals. This is due to the rarity and scarcity of precious metals.

A gold IRA could be a better investment than a silver IRA since gold is more difficult to mine, making it a rarer and more precious item.

Advantages of the Patriot Gold Group

There are various advantages to opening an IRA with Patriot Gold Group:

  • Qualifying IRAs have no fees for the rest of your life. The firm reimburses rollover, storage, and insurance fees on accounts of a specific amount.
  • You can fill out an application online, but call a Patriot Gold Group representative to learn more about the process.
  • While online transactions aren’t possible, you can use Patriot’s website’s quote feature to add gold and silver products to make the process easier.

How to Open a Gold IRA with Patriot Gold Group

Physical gold and other precious metals can be held in a private storage IRA or a personal cache with the Patriot Gold Group. These assets can be managed through a tax-deferred account, which you can open on their website.

The firm makes it simple to open an IRA in three simple steps.

1. The first step is to fill out their online registration form. After that, you’ll get your free gold IRA investment handbook. A customer service representative will contact you to confirm certain details. Your account will be ready within 24 hours of completing the setup fees and prerequisites.

2. You can roll your assets over to your new gold IRA account if you currently have a retirement account. Patriot Gold Group will assist you in completing a tax-free transfer. You can even fund the account with cash if you choose.

3. The organization will assist you in purchasing and storing precious metals when you deposit monies in your IRA account. After each successful acquisition, the Patriot Gold Group will move your physical assets to the company’s secure vault for storage, following IRS requirements.

Storage Options for Patriot Gold Group

You can store precious metals in Patriot Gold Group’s secure vaults around the United States as a Patriot Gold Group member. You can either invest them in IRAs or put them in a personal safe.

If you decide to keep some of your non-IRA physical assets at home, the business will assist you in setting up a safe to keep your metals safe.

The Patriot Gold Group can help you set up a precious metals IRA account through its web portal if you’re thinking about investing in metals in an IRA.

What Do Patriot Gold Group’s Customers Have to Say?

Patriot Gold Group has excellent client reviews, and customers appear to be quite pleased with the company’s service and turnaround time. There are a plethora of positive web reviews left by satisfied clients.

Some of the overall reviews we uncovered online are included below.

The Better Business Bureau, or BBB, is a non-profit organization that assists users in determining a company’s level of trustworthiness.

Patriot Gold Group’s main business, Halt Gold Group, has an A+ BBB rating, indicating that the company is trustworthy.

Patriot Gold Group also has a fantastic five-star rating on ConsumerAffairs, with only a few minor negative reviews out of 128, which is quite excellent.

The expensive starting cost and arguments about coin value are the primary sources of these concerns.

The company’s staff are praised for their patience when discussing the intricacies of a gold IRA in Facebook evaluations, which average 4.4 stars. After 32 customer reviews, TrustPilot gave the company a 4.7-star rating.

Frequently Asked Questions about Patriot Gold Group

What is the minimum investment for a gold IRA?

Each gold IRA company will have a different minimum investment requirement. You can start an account with just $100, but you must pay any applicable storage and administrative costs. Fees vary by company, so it’s essential to compare costs before deciding.

How do I sell my gold IRA?

To get an “in-kind” distribution of gold and silver coins, you must contact your dealer. You would then provide them with the amount of your RMD that you want in silver and gold coins. The dealer will then complete a Distribution Request form with that information.

Are a precious metals IRA worth it?

Precious Metals IRAs may be a good option for some investors worried about inflation and market volatility. But they are more expensive than some other investment options, and they may be riskier than traditional IRAs.

Can gold be held in an IRA?

A gold IRA account is a type of account that you can use to save money for your retirement. You can place your investment in a regular savings account or put your money in a particular account that holds physical gold or other approved precious metals.

Can I store my gold IRA at home?

You can technically set up an LLC to control your IRA purchases, but you still can’t store precious metals at your house. The gold has to be stored in a secure location, like a safety deposit box under the LLC’s name.

Does Vanguard have a gold IRA?

Although Vanguard doesn’t offer a pure gold fund, it does have a fund that invests around one-quarter of its portfolio in precious metals and mining companies. This gives you indirect exposure to the gold market.

Should I buy gold instead of stocks?

Gold is a vital part of a diversified investment portfolio because it tends to increase in price when the value of other paper investments, such as stocks and bonds, decreases. Although the price of gold can be volatile in the short term, it has always maintained its value over the long term.

Is a gold IRA a Roth IRA?

A gold IRA is a sort of self-directed IRA that invests in genuine gold and other precious metals. This type of account often has higher fees than a traditional or Roth IRA that invests solely in stocks, bonds, and mutual funds.

How much gold can a person own?

The circular issued by CBDT specifies that a married woman can keep up to 500 grams of gold jewelry. A single lady can keep up to 250 grams of gold jewelry, while a male family member can keep 100 grams.

Do you pay tax when buying gold?

The U.S. Internal Revenue Service (IRS) categorizes gold and other precious metals as “collectibles,” taxed at a higher rate than other assets. Gains on most other assets held for more than one year are subject to the 15% or 20% long-term capital gains rates.

How much gold can I sell without resorting to IRS?

If you sell more than $1,000 worth of gold or silver coins in one year, you need to file Form 1099-B. This form is used to report the sale of certain types of coins, like U.S 90% Silver Dimes ($1000 face value) and more than 25 pieces of one-ounce coins of Gold Maple Leaf, Gold Krugerrand, and gold Mexican onza coins.

How can I transfer my 401k to gold without penalty?

If you want to move your 401k without getting penalized, you can do a rollover into a Precious metals IRA. This way, you won’t have to worry about the 60-day rule set by the IRS.

How is gold taxed in an IRA?

When you invest in gold through your IRA, you will not have to pay the 28% collectible tax rate. You will be taxed at the marginal tax rate, which is the rate for your income bracket. If you’re in a high-income tax bracket, you will pay more than 28% in taxes. The amount of taxes you pay depends on your income bracket.

You may also like

Red Rock Secured Reviews

Red Rock Secured Reviews
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}