Are you worried this gold IRA company might be facing a major lawsuit?
Then you’re at the right place. The following guide will look into Patriot Gold Group lawsuit and see if there’s anything you need to be concerned about.
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Patriot Gold Group Lawsuit: Everything You Need to Know
A gold and silver individual retirement account (IRA) company, Patriot Gold Group has not been taken to court very frequently. While conducting my research on Google, Bing, and other websites that cover and log litigation and trials, I discovered only one Patriot Gold Group lawsuit, and there are no past Patriot Gold Group Lawsuits or cases that have been settled.
Following is a summary of the Patriot Gold Group Lawsuit –
The lawsuit against Halt Gold Group, LLC, which is a limited liability corporation based in California and operates under the name Patriot Gold Group Lawsuit, was filed by Jacob Blalock on October 4, 2019, alleging that the company had breached the contract.
In the city of Los Angeles, California, the complaint was submitted to the Stanley Mosk Courthouse, which is located in the Los Angeles County Superior Court. It was decided that Lia Martin, Dennis J. Landin, Terry Green, and Robert B. Broadbelt would serve as the judges who would hear the case.
Since that time, the lawsuit has been resolved, and a judgment has been entered.
Patriot Gold Group is a precious metals firm that is situated in California and specializes in offering investments in gold and silver that are both safe and dependable.
They have acquired an A+ rating from the Better Business Bureau and accreditation from coin-certifying organizations such as the Numismatic Guarantee Corporation as a result of their focus on providing excellent customer service and assisting investors in navigating the precious metals market.
The Patriot Gold Group is not only a reliable dealer of precious metals, but they also provide investors with assistance in creating precious metals individual retirement accounts (IRAs) and provide a variety of educational resources through their Knowledge Center. Through the dissemination of information and the empowerment of investors, they intend to facilitate the process of making well-informed choices for their financial destiny.
The Patriot Gold Group was founded in 2016, and its headquarters are located in Seal Beach, California. The company has been operating in the precious metals sector for several successive decades. Professional Coin Grading Service certification is something that they offer in addition to being linked with the Numismatic Guarantee Corporation, which helps to assure that their products are of high quality.
Patriot Gold Group exhibits a dedication to providing investors with a safe and dependable experience by their extensive knowledge and ties within the sector.
To meet the requirements of every investor, Patriot Gold Group provides a full array of services. All facets of investing in precious metals are covered by them, including the following:
Helping with the acquisition, sale, and storage of precious metals through assistance.
Creating individual retirement accounts for precious metals.
Accounts with a minimum balance of $250,000 are eligible for the No Fee for Life Individual Retirement Account.
Using their services, investors can achieve the highest possible returns.
To accommodate individuals who are interested in making direct investments in gold and silver, Patriot Gold Group offers a diverse selection of alternatives, which includes coins and bars. Investors who are interested in the tax advantages and asset protection offered by precious metals IRAs can also take advantage of the company’s gold and silver products that are compatible with IRAs.
Unique Highlights of Patriot Gold Group:
Patriot Gold Group Lawsuit – Fees and Pricing
Investor Direct Pricing is just another advantage that Patriot Gold Group offers to its privileged customers. In addition to the precious metals that a customer purchases, Patriot Gold Group does not impose a percentage fee on each transaction. Additionally, a minimum commitment of $25,000 is required to be made.
For new Precious Metals Individual Retirement Accounts (IRAs), Patriot Gold charges an initiation cost of $225; however, this fee is waived for investments of $30,000 or more. They pay the rollover cost for the first year, which is $260.
There are no storage fees charged by Patriot Gold Group for the first one to three years of the transaction. Accounts that have a balance of $250,000 or more are qualified to take part in their No Fee for Life Individual Retirement Account.
The pricing structure of Patriot Gold Group is determined by the sort of investment strategy that you choose to pursue, the size of your investments, the precious metal that you choose to invest in, as well as the storage and insurance options that you select.
Based on the information provided by a customer service representative for Patriot Gold, the rates for storage and maintenance are $250 for the initial year and $200 for each subsequent year. Furthermore, customers should be prepared to pay a fee of $225 for the establishment of their accounts, unless they make an initial investment of $30,000 or more.
Patriot Gold Group Lawsuit- Customer Reviews
There is no doubt that Patriot Gold Group Lawsuit is a genuine gold-investing entrepreneur. Because they are a legitimate business, there are not a great deal of lawsuits filed against them.
They have been in operation since March 2, 2016, and they have already assisted thousands of people in the United States in diversifying their retirement portfolios with precious metals. They have been granted the title of Consumer Affairs Top Rated Gold & Silver Dealer nationwide for an unprecedented five years in a row beginning in 2016, 2017, 2018, 2019, and 2020.
In addition, Patriot Gold Group has received a high number of positive reviews and ratings on the most popular consumer watchdog websites.
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Patriot Gold Group Lawsuit – Website and Social Media
Patriot Gold Group is a top-rated company. Its website is excellent. You can check out various details about the company on its website.
Apart from that Patriot Gold Group does have its page on Facebook which also carries the the required information a person needs to know. On the page, the Patriot Gold Group Lawsuit has 9.4k likes and 9.7k followers.
Patriot Gold Group Lawsuit – Conclusion:
Patriot Gold Group is a dealer of precious metals that provides investment opportunities in the form of coins, bars, and bullion, in addition to offering precious metals individual retirement accounts (IRAs).
The company has received an A+ rating from the Better Business Bureau (BBB) and provides several benefits that may be appealing to investors in precious metals.
These benefits include an Individual Retirement Account (IRA) setting that requires only a few simple steps to roll over funds and a conditional fees-for-life policy.
In addition to the fact that they have only been sued once, Patriot Gold Group Lawsuit has received no complaints on any of the well-known consumer watchdog websites. In addition to that, they have hundreds of favorable evaluations from verified customers.
On the other hand, Patriot Gold Group can be a disadvantage for investors who are on a tight budget or who are just starting in the precious metals investment field.
The company has substantial financial hurdles to entry, and there are fees associated with each transaction being completed.
If you are still in the process of learning the ins and outs of investing in precious metals, you might want to think about switching to a new dealer because the online knowledge resources provided by Patriot Gold Group are limited.
Therefore, we can say that Patriot Gold Group is a good company to invest in.
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