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Years in Business | 32 |
Minimum IRA Investment | $25,000 |
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For 32 years, Patriot Gold Group has helped people buy and invest in precious metals including gold and silver. It enjoys an A+ rating with the Better Business Bureau and a 4.9-star rating with Trustpilot. Its list of investors include Dick Morris, a political consultant and Newsmax host, and senior partners such as Mike Celano and Charley Chartoff.
Patriot Gold Group offers 34 different gold and silver products to choose from. Its list of gold coins and bullion includes:
United States Mint American Eagle and American Buffalo
Austrian Mint Philharmonic
South African Mint Krugerrand
Royal Canadian Mint Maple Leaf
Royal Canadian Mint Gold Bar
Meanwhile, its silver products include:
United States Mint American Eagle and Buffalo Rounds
Royal Canadian Mint Polar Bear
Royal Canadian Mint Silver Bar
Although Patriot Gold Group sells physical gold and silver, it does not sell platinum or palladium coins or bullion. If you wish to invest in these products, you can open a precious metals IRA. With a precious metal IRA, you can invest your retirement savings in select, IRS-approved gold, silver, platinum, and palladium products. Qualifying accounts pay no fees, and you can open an account in as little as 48 hours.
Patriot Gold Group is suitable for high-net-worth individuals who want to diversify their investment portfolio with precious metals. Its $25,000 minimum investment requirement means that many smaller investors cannot take advantage of a precious metals IRA with Patriot Gold Group. However, if you can invest at least $100,000 into your IRA, you can avoid having to pay any annual fees.
Patriot Gold Group charges you several fees when you open a precious metals IRA. There’s a one-time $100 account open fee, as well as a $100 annual storage fee and $100 annual custodian fee. However, if you fund your precious metals IRA with at least $50,000, Patriot Gold Group will waive these fees for the first two years. That means you’ll pay nothing in years 1 or 2, $300 in year 3, and $200 in year 4. Additionally, if you fund your account with at least $100,000, you don’t have to pay the account open fee or any annual fees.
Fees | Account opened with less than $100,000 | Account opened with $100,00 or more |
Account Open Fee | $100 | $0 |
Annual Storage Fee | $100 | $0 |
Annual Custodian Fee | $100 | $0 |
Before you get started with Patriot Gold Group, you need to decide whether you want to own physical gold or silver, or open a precious metals IRA. If you want the former, you can request a quote online or over the phone. Upon filling your order, Patriot Gold Group will ship your coins or bullion to your home, or to a storage facility or bank vault of your choosing.
Meanwhile, opening a precious metals IRA with Patriot Gold Group involves the following steps:
Request a free investors guide
Call or go online to request a callback from one of Patriot Gold Group’s investment advisors
Sign the necessary paperwork to open an account
Fund your IRA via a transfer or rollover from an existing IRA or 401(k)
Submit orders online or over the phone to purchase precious metals in your IRA
Although Patriot Gold Group does not let you open an account through its website, you can request account paperwork online. To get the account paperwork, you’ll need to fill out its online form, which asks for your personal information, including name, email, phone number, social security number, date of birth, and address. You’ll also need to provide beneficiary information and details about where your IRA or 401(k) assets are currently held.
Once you provide Patriot Gold Group with transfer instructions, you can request to have the paperwork to open an account sent to you via email or mail. You can email or mail the paperwork back and have your account opened in as little as 48 hours. Be advised, transfer and rollover times can vary depending on how long it takes the company that currently holds your retirement funds to move your assets over to Patriot Gold Group.
It’s easy to get in touch with Patriot Gold Group’s customer service team via phone or chat. You can contact a member of the customer service team from 7am-5pm PT, Mondays-Thursdays, and from 7am-3pm PT on Fridays.
During my conversations with Patriot Gold Group, I was impressed by the level of professionalism and courtesy shown to me by each member of the customer service team.
Phone: (877) 711-6618
What is a precious metals IRA?
A precious metals IRA is a specialized individual retirement account that allows you to invest in gold, silver, palladium, platinum, and other valuable metals. Outside of these unique investment rules, precious metals IRAs operate nearly the same as conventional IRAs.
Can I own physical gold in a precious metals IRA?
Although Patriot Gold Group does sell physical gold and silver coins and bullion, you cannot physically hold any assets inside your precious metals IRA. All metals in your IRA must be held by an IRS-approved precious metals custodian. Patriot Gold Group works with several custodians, including the Delaware Depository located in Wilmington, Delaware.
Can I hold any kind of metal in a precious metals IRA?
The IRS determines what types of coins and bullion you are allowed to hold in a precious metals IRA. To qualify for a precious metals IRA, gold, platinum, and palladium must be rated 99.95% pure, while silver must be rated 99.9% pure. The IRS also excludes certain types of coins from precious metals IRAs, such as rare collectible coins and certain foreign coins.
Patriot Gold Group offers a wide variety of gold and silver coins and bullion as well as precious metals IRAs. What I like most about Patriot Gold Group is that it charges no fees if you open a precious metals IRA with at least $100,000. Although you can’t open an account online, I appreciate that its staff is extremely helpful and not overly pushy.
This review was completed using information from Patriot Gold Group’s website, third-party and customer reviews, and conversations with Patriot Group’s customer service team.
