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What is Patriot Gold Group?
Patriot Gold Group is a company that specializes in the sale of precious metals, such as gold, silver, platinum, and palladium, in the form of coins, bars, and bullion.
The company offers a range of investment products, including coins such as American Eagles, Canadian Maple Leafs, and South African Krugerrands, as well as bullion bars and rounds in various sizes and weights.
The company markets these products to investors who are looking to diversify their portfolios and protect their assets against inflation and economic uncertainty.
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In addition to selling precious metals, they offer investment advice and guidance, assistance with setting up and managing precious metals IRAs, and educational resources such as market analysis, historical data, and investment strategies.
The company was founded in 2016 and is headquartered in Los Angeles, California. Patriot Gold Group prides itself on providing a high level of customer service and transparency in all of its transactions.
- Address: 3010 Old Ranch Pkwy Suite 350, Seal Beach, CA 90740, United States
- Phone: +1 800-974-4653
- Email: info@patriotgoldgroup.com
- Website: www.patriotgoldgroup.com
People Behind Patriot Gold Group:
Jack Hanney is the CEO of Patriot Gold Group, having held the position since the company’s establishment in March 2016. He graduated from the University of Vermont and has over 20 years of experience in finance, as well as more than five years of experience in the tech industry.
Hanney’s expertise and leadership have helped guide the company in its mission to provide high-quality precious metals products and exceptional customer service to its clients.
Mr. Mike Celano serves as the Partner of the company whereas Mr. John Hanney serves as a Member of the company. Hanney is also responsible for helping clients to develop investment strategies that incorporate precious metals, as well as overseeing the company’s compliance and regulatory affairs.
On the other hand, Charley Chartoff also serves as a Member of the company. He is responsible for developing and implementing the company’s marketing strategy, as well as managing the company’s relationships with suppliers and vendors.
Together, these individuals have a wealth of experience in the precious metals industry and bring a diverse set of skills and expertise to the management team of the business.
The company prides itself on providing its customers with exceptional service and high-quality products, and the leadership team is committed to upholding these standards.
How to Invest in Patriot Gold Group IRA?
Saving for retirement is a priority for many individuals who want to secure their financial future. One of the most effective ways to achieve this goal is through investing, as it allows your savings to grow over time. A gold IRA is a specialized account designed to help individuals save for retirement. With a traditional IRA, the money you contribute is tax-deductible, meaning you pay less tax in the years you contribute.
You then pay taxes when you withdraw from the account during retirement, typically at a lower tax rate. This business offers assistance in opening a gold IRA, enabling investors to invest in precious metals while enjoying the tax benefits of an IRA.
Clients can work with the company to contribute cash to their accounts and purchase metals. Additionally, Patriot Gold Group can assist in managing the storage and transportation of precious metals.
Patriot Gold Group Products:
Patriot Gold Group is a company that specializes in selling precious metals such as gold, silver, platinum, and palladium. They offer a range of products that cater to investors who are looking to diversify their portfolios with physical precious metals.
Some of their popular products include:
- Gold coins: This business offers a variety of gold coins. Which includes American Eagles, Canadian Maple Leafs, South African Krugerrands, and Austrian Philharmonics. These coins are typically 22-karat or 24-karat and are considered legal tender in their respective countries.
- Silver coins: Patriot Gold Group offers a range of silver coins. Including American Eagles, Canadian Maple Leafs, and Mexican Libertads. These coins are typically 99.9% pure silver and are also considered legal tender.
- Precious metals IRA: The company also offers a precious metals IRA. Which allows investors to hold physical gold and silver in a tax-advantaged retirement account.
However, this selection doesn’t include any Platinum and Palladium products. Both of those precious metals have become increasingly popular among modern investors. That’s because they allow you to diversify your precious metals portfolio.
Check out our top recommended gold IRA company. Their product selection has gold, silver, platinum and palladium, along with a specialized staff ready to help you.
Patriot Gold Group Fees and Charges:
Patriot Gold Group offers the benefit of Investor Direct Pricing, where they do not charge a percentage fee on the client’s precious metals order like some other metal dealers.
Instead, they charge a setup fee of $225 for new precious metals IRAs, which is waived for investments over $30,000. Additionally, storage fees for the first three years are also waived, and Patriot Gold reimburses the $260 rollover fee that customers are charged in the first year.
For accounts with a minimum balance of $250,000, investors can take advantage of the No Fee for Life IRA program. However, it is important to note that storage facilities and custodians may have their own independent fees.
Therefore, investors should be aware of the associated costs before opening an account and conducting transactions. Custodians calculate annual fees based on factors such as the account balance, and Patriot Gold works with all custodians, including trusted partners such as STRATA Trust and Equity Institutional.
Patriot Gold Group Reviews and Complaints:
Better Business Bureau (BBB):
On the Better Business Bureau website, this business has an A+ rating. They have 5 stars out of 5-star ratings based on only 1 customer review. Patriot Gold Group have been in the industry for 7 years. No complaints have been filed or closed in the last 3 years. This business is also BBB accredited.
Trustpilot:
On the Trustpilot website, Patriot Gold Group has 4.9 stars out of 5-star ratings based on customer reviews. There are 114 customer reviews on the website. Most of them are positive, with customers highly appreciating the company’s exceptional customer service, professionalism, and expertise.
Google Reviews:
On Google, Patriot Gold Group has 4.9 stars out of 5-star ratings based on customer reviews. There are a total of 71 customer reviews on Google. Mostly all of them are positive, with customers praising the company’s excellent customer service, expertise, and professionalism.
Business Consumer Alliance (BCA):
On BCA, Patriot Gold has again 5 out of 5-star ratings based on only 17 customer reviews. All the reviews are positive. Here also customer praised the services of the company. There they have an AA company rating on the BCA website.
Consumer Affairs:
On Consumer Affairs, Patriot Gold Group has again 5 stars out of 5-star ratings based on 146 customer reviews. The majority of the reviews are favorable, with customers commending the company’s customer service, knowledge, and prompt delivery.
Are There Any Patriot Gold Group Complaints? Should You Be Concerned?
Like any company, Patriot Gold has received some complaints from customers. However, these complaints appear to be relatively few and far between, and the company has made an effort to address them promptly and professionally.
Overall, while there have been some complaints about Patriot Gold Group, they do not appear to be indicative of any widespread or systemic issues.
As with any investment, it is important to conduct your own research and due diligence before making any decisions. It is also needed to consult with a financial advisor to determine if investing in precious metals is appropriate for your individual financial goals and risk tolerance.
Some Positive Customer Reviews From Various Online Business Rating Websites:
#1. Dixon M. reported that his transaction with Patriot Gold went seamlessly, and he received an exceptional deal. As a result of his positive experience, he expressed a desire to do more business with them in the future.
#2. Wes Cook expressed his appreciation for the incredible team at Patriot Gold Group. They were instrumental in assisting him with rolling over his TSP into a self-directed IRA. They even covered the associated fees. Furthermore, they waived the cost of storage for his metals, making the entire process hassle-free.
#3. One of its customers says that the organization was fantastic in assisting me with my stock-based 401k and transitioning it to a gold/silver-backed 401k. They were excellent communicators and provided a step-by-step walkthrough of the entire process.
#4. Mike M. reported that this company was very helpful, straightforward, and honest. As a result of their guidance and expertise, he felt confident and comfortable moving his funds into hard assets.
#5. According to Sher Zieve, their business team is knowledgeable about its products and provided a friendly and helpful experience. She found the purchasing process easy and comfortable. She strongly recommends Patriot Gold to anyone interested in buying gold and/or silver.
Some More Positive Reviews:
#1. Jaime Rios reported that all of his questions were answered promptly, and he received helpful guidance in navigating the account opening and transferring funds from a previous IRA account.
#2. Elizabeth Robertson reported that the staff at Patriot Gold Group was very courteous and informative. There was no pressure to make a purchase. The process was easy and straightforward. As a result, she now feels confident that her assets are secure and poised for significant growth. She expressed her desire to make another purchase soon.
#3. According to John Ferrara, Andy was very responsive. He was quick to answer phone calls and emails, and he took the time to answer questions and provide clear explanations.
#4. Clayton Mills reported that he had a positive experience working with Matt McGwinn. According to him, Matt was helpful throughout the entire process, and everything went smoothly.
#5. According to Dixon M., all of his questions were answered, and he was very pleased with his purchase. He got a great deal, and the transaction was seamless. Additionally, he mentioned that his coins look stunning.
Patriot Gold Group Lawsuit: UniCourt & Justia
- Orion Precious Metals filed a Contract – Business lawsuit against Priority Gold Group, Halt Gold Group & a California Ltd Liability Company. This lawsuit was filed in the Stanley Mosk Courthouse of the Los Angeles County Superior Courts in Los Angeles, California.
- On July 10, 2017, Michael Mcgaughy sued Patriot Gold Group for labour-wrongful termination. This lawsuit was filed in the Stanley Mosk Courthouse of the Los Angeles County Superior Courts in Los Angeles, California. The matter has been resolved and dismissed.
- On 04/27/2020, Wholesale Direct Metals, Inc. filed a contract lawsuit against Charley Chartoff and 4 others including Patriot Gold Group. This lawsuit was filed in the Santa Monica Courthouse of the Los Angeles County Superior Courts in Los Angeles, California.
Although there are more lawsuits to highlight, you can check them out: Patriot Gold Group Lawsuits
Is Patriot Gold Group Legit?
Yes, Patriot Gold Group is a legitimate company that has been in business for & years. They are a reputable precious metals dealer that has accreditation from the Better Business Bureau.
Pros:
- Decent product selection
- A+ BBB rating
Cons:
- No Platinum and Palladium products
While the company has specialization in gold IRA, it doesn’t offer a proper precious metals IRA to its customers.
With them, you are only limited to gold and silver investments. If you’re looking to safeguard your wealth, you’d want to have a more diverse portfolio. And for that, you’d need Platinum and Palladium.
I recommend checking out our top recommended gold IRA providers. There, you can also find the top gold IRA company of your state according to reviews.
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