Patriot Gold Group Reviews- Is It Legit or Scam?

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Is Patriot Gold Group legit or scam? If you are thinking of buying from Patriot Gold Group, we recommend you read this comprehensive Patriot Gold Group review as it reveals all you need to know about the company to help you make an intelligent investment decision.

What Is Patriot Gold Group?

Patriot Gold Group Reviews

Patriot Gold Group is a precious metals company based in Seal Beach, CA. Established in 2016, the company specializes in offering high quality gold and silver bullion, in addition to helping you open a precious metals IRA. If new to precious metals investing, you can visit their online Knowledge Center where you will learn the benefits of investing in gold and silver as well as get free market updates.

Ready to Open a Precious Metals IRA? Request Our FREE Gold IRA Guide Now

Patriot Gold Group Review Summary

Location:

Seal Beach, California

Address:

3010 Old Ranch Pkwy Suite 350, Seal Beach, CA 90740, United States

Year Founded:

2016

Management:

Mike Celano (Partner)

Website:

www.patriotgoldgroup.com

Rating:

4 out of 5 stars (4 / 5)

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Patriot Gold Group Products

Patriot Gold Group Products

Patriot Gold Group mainly specializes in a wide variety of IRA-approved gold and silver bullion, but they also cater for collectors and those wishing to purchase bullion outside of a gold or silver IRA. Some of their products include American Gold Eagle, Gold Canadian Maple Leaf, Silver Canadian Maple Leaf and Silver American Eagle, among others.

Opening a Patriot Gold Group Precious Metals IRA

Like most precious metals IRA facilitators, Patriot Gold Group offers their services online. There are 3 easy steps that you need to follow to open a precious metals IRA with Patriot Gold Group as outlined below.

  1. Contact the Company’s Experts

IRA account set up with Patriot Gold Group usually takes no more than 48 hours. Begin by requesting your free Gold IRA Guide. Thereafter, one of the company’s representatives will get back to you to help you get started.

  1. Transfer Funds

After agreeing with the terms, you can begin transferring funds from your current custodian with the help of Patriot Gold Group’s experts. The transfer process is usually tax-free and quite easy to expedite.

  1. Purchase Your Precious Metals

Once you’ve funded your new self-directed IRA, Patriot Gold’s 401 (k) and IRA Rollover department will assist you to purchase IRA-approved bullion. Your Metals will be stored in a secure, IRS-approved vault.

Patriot Gold Group Costs

Patriot Gold Group charges a $225 flat rate fee for account set up, but this fee is waived for investments worth over $30, 000. Investments above $250, 000 are eligible for the ‘No Fee for Life IRA’ offer by the company. Minimum investment amount at Patriot Gold Group is $25, 000.

As for admin and storage fees, these will depend on the precious metals IRA custodian or depository you choose. Patriot Gold Group mainly works with STRATA Trust Company and Equity Institutional for custodial services, and DDSC and Brinks Global for storage.

Pros of Patriot Gold Group

  • Great Reviews

They boast great reviews on some of the most trusted online review platforms such as Trustpilot, Better Business Bureau and Consumer Affairs.

  • Excellent Customer Service

The company strives to provide first class customer service. Thus, they’ve developed multiple communication channels to stay in touch with clients. They include email, mail, phone and an active live chat.

  • Free Market Updates

Patriot Gold Group provides free information to enlighten their customers on the importance of diversifying portfolios with gold and silver. This free information is available on the ‘knowledge center’ section of their website wherein you will also find free market updates.

Cons of Patriot Gold Group

  • Limited Selection of Metals

The company mainly focuses on gold and silver hence no selection of palladium and platinum coins.

  • Limited Information On Metals Pricing

No pricing information is availed for individual coins and bars on the company’s website. Thus, you must call them to get this information.

  • Lacks Sufficient Reviews and Ratings

Despite the excellent ratings, the company lacks reviews on most online platforms. Even their 5 star rating on the BBB is based on only 5 customer reviews.

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Patriot Gold Group Complaints and Reviews

Patriot Gold Group is accredited with the BBB since April 2022, and boasts a 5-stars rating on the platform based on 5 customer reviews and 0 complaints. Patriot Gold boast a 5-stars rating on the Business Consumer Alliance based off of 17 reviews and 0 complaints. On Trustpilot, they are rated 4.7/5 based on 33 reviews and complaints. They lack reviews, ratings or complaints on Trustlink and Yelp.

Is Patriot Gold Group Legit?

Before we wrap up this review, we first need to answer the question: Is Patriot Gold Group legit or scam?

Patriot Gold Group is definitely not a scam. It is a legitimate company trusted by tens of thousands of clients countrywide. They have a BBB accreditation and have been in business for more than 5 years.

Patriot Gold Group Alternatives

Patriot Gold Group FAQ

  • Can I Store Precious Metals at Home?

While non-IRA precious metals can be stored at home, storage of IRA-related metals requires an IRS-approved depository or a bank to hold your assets. In a nutshell, IRS prohibits home storage of IRA precious metals.

  • What IRA Custodian Does Patriot Gold Group Work With?

Patriot Gold Group works with STRATA Trust Company and Equity Institutional to offer precious metals IRA custodial services.

  • Does Investing in Precious Metals Guarantee Profits?

No. Like other forms of investment such as stocks and bonds, precious metals carry risk. Metal prices will always fluctuate based on the state of the markets.

  • What Storage Companies Does Patriot Gold Group Work with?

Patriot Gold Group works with DDSC and Brinks Global to provide storage services.

  • What Types of Metals are approved to Be Held in a Precious Metals IRA?

Not all metals are allowed to be held in an IRA. Through the Taxpayer Relief Act of 1997, the IRS limited the types of IRA-allowable metals to gold, silver, platinum and palladium. The purity standards for each of the metals should be .995 for gold, .999 for silver and .9995 for platinum and palladium.

Patriot Gold Group Reviews- Summary

Patriot Gold Group is a precious metals dealer that was founded in 2016. The company mainly offers gold and silver bullion, and provides an easy way to open a precious metals IRA. Client education is offered through their Knowledge Center, whereby clients get enlightened on the ins and outs of investing in gold and silver.

On the negative side, Patriot Gold Group does not provide pricing information. Their coins and bars selection is also limited and their online reviews and ratings are quite scanty.

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