Patriot Gold Group Review 2024: Is It Legit?

Looking for a secure investment option? If you're considering entrusting your retirement plan to Patriot Gold Group , you've come to the right place.

We can offer you valuable insights and guidance. We understand how important it is to choose a trustworthy company for your investments, so we have conducted extensive research on the leading players in the industry.

Through our thorough evaluation process, we’ve carefully analyzed various factors to identify gold IRA companies that excel in providing excellent customer service. We aim to help you compare and contrast the best options available so that you can make an informed decision that aligns with your investment goals and needs.

During this exploration, we will uncover the unique qualities that set Patriot Gold Group apart as a trusted choice for investors looking to protect and grow their wealth. Join us on this enlightening journey where gold, knowledge, and prosperity intersect within the realm of Patriot Gold Group.

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What Is Patriot Gold Group?

Patriot Gold Group , a reputable precious metals and gold IRA firm in Los Angeles has established itself as a leader in the industry. According to the Business Consumer Alliance, they’ve been operating since 1990, accumulating over 30 years of experience.

Patriot Gold Group offers additional services, such as the Professional Coin Grading Service, and is affiliated with the Numismatic Guaranty Corporation.

The company prides itself on its swift one-day turnaround time. By collaborating with clients' IRA custodians and storage facilities, they effectively act as precious metals brokers, streamlining the investment and resale process.

Clients can easily complete transactions over the phone with a dedicated representative from Patriot Gold Group. This eliminates the need for extensive coordination between brokers, custodians, shipping companies, and storage facilities that would otherwise consume significant time.

Patriot Gold Group ensures a smooth and efficient process for managing your investment or IRA. They have a reputation for delivering exceptional service, with their knowledgeable staff happily explaining the intricacies of IRAs to prospective clients. This company will process your orders accurately and promptly.

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What Does Patriot Gold Group Offer?

Patriot Gold Group assists investors in purchasing, selling, and securely storing precious metals for investment. They support establishing Individual Retirement Accounts (IRAs) backed by valuable metals, commonly known as gold IRAs.

Precious Metals IRA

Retirement is a goal for many individuals who desire financial security once they cease working. One effective method to ensure the growth of your savings over time is through investment, which is why most people choose to invest their retirement funds.

A gold IRA is a specialized account created specifically for retirement savings. Compared to a traditional IRA, contributions made to a gold IRA can be deducted from your income when filing taxes. This deduction results in lower tax payments during the contributing years. Instead, taxes are paid upon withdrawal from the account during retirement, typically at a reduced tax rate.

Patriot Gold Group helps investors looking to open a gold IRA and take advantage of investing in precious metals alongside the tax benefits of an IRA. Through Patriot Gold Group's services, individuals can contribute cash and purchase metals for their accounts. Patriot Gold Group also provides support with storage and transportation management as needed.

Silver and Gold Products

If you have no intention of starting a gold IRA, you can still engage with Patriot Gold Group to engage in the buying and selling of precious metals. The company deals with gold and silver coins, excluding other valuable metals such as platinum and palladium.

Patriot Gold Group offers a wide selection of coins from various countries across the globe. Some examples include:

Austria
Canada
United States
South Africa

Patriot Gold Group has a limitation because it doesn’t display the specific prices of its coins on its website. Instead, you can indicate the desired investment amount for each coin type to receive a quote. However, to obtain the pricing information for individual coins, it’s necessary to communicate with one of the company's representatives.

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How Much Does Patriot Gold Group Cost?

When dealing with a financial institution, be it a bank or an investment firm, it’s crucial to consider the fees involved. This also applies to companies that specialize in assisting individuals with investing in precious metals. Investing in precious metals is more intricate than other financial services, leading to additional expenses.

Unlike stocks and bonds, metal is a tangible asset. Therefore, when investing in precious metals, these valuable commodities need physical movement and storage while ensuring their safety and security. Investors must cover the costs of storing their coins and bars.

Pros and Cons of Patriot Gold Group

Pros

Patriot Gold Group's efficient and friendly staff
Quick account setup, including IRAs
Over three decades of industry expertise and reputation
Clients can choose their custodian and storage company for full IRA control

Cons

Home storage of bullion not permitted
Limited to offering silver and gold bullion only
Higher initial fee of $225 compared to other precious metal IRA firms
Limited choices for buying gold bars

Where Does Patriot Gold Group Store My Precious Metals?

Storing precious metals is often a complex task when it comes to investing in them. These physical assets require a secure location to ensure their safety and protection against damage or theft.

Patriot Gold Group provides various options for vault storage, collaborating with multiple depositories across the country. If you choose their services, they can handle the transportation and storage of your gold and silver at one of these trusted depositories, subject to a fee.

Patriot Gold Group offers an interesting solution for investors who prefer storing their metals at home within taxable accounts. While IRS regulations prohibit IRA investors from holding precious metals in self-directed IRAs at home, this company has devised a sophisticated strategy that allows investors to store metals in an IRA at home without violating these rules.

However, it's also advisable to consider keeping your precious metals in a depository rather than relying on Patriot Gold Group's untested method. The alternative approach not only involves handling storage logistics but also raises concerns regarding safety and security measures.

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Can I See How My Precious Metals IRA Is Performing?

It’s crucial to monitor the performance of your investment portfolio to make necessary adjustments and refine your investing strategy.

Once you have completed the process with Patriot Gold Group, they will assign you a custodian who will provide you with an online account. This account will enable you to access and view your portfolio.

On their website, the company offers real-time pricing information for both gold and silver. These charts can serve as valuable tools in informing your investment strategy.

How to Open an Account?

To establish a precious metals IRA with Patriot Gold Group, you can either fill out an application on their website or contact them at (877) 583-2399. This application will require you to provide your contact details and personal information, including your Social Security number.

You will need to furnish bank account information so that the company can withdraw funds from your account for purchases. Once you have submitted this information, a representative from Patriot Gold Group will reach out to assist you in finalizing the account setup.

If you wish to transfer funds from an existing retirement account into your new precious metals IRA, the 401(k) and IRA Rollover department of Patriot Gold Group can facilitate this process. For purchases and arranging transport of coins and bars to your chosen storage location, simply contact your designated account representative who will guide you through placing the order.

How Can I Withdraw From My Account?

If you decide to open an IRA, it’s important to note that the IRS has specific regulations regarding when you can make withdrawals from your account. You’re not allowed to withdraw any funds until you reach the age of 59½. If you make early withdrawals, there will be a penalty of 10%, besides any taxes owed.

When the time comes for you to withdraw money from your self-directed IRA, there are two options available to you.

The first option is provided by Patriot Gold Group and involves them help transport any precious metals stored within your account directly to your home. Once these silver or gold coins and bars are physically in your possession, they can be used as desired.

The second option involves working with your designated account representative, who can help facilitate the sale of these metals on your behalf. The resulting cash proceeds would then be deposited directly into your bank account. This choice may prove more convenient if immediate access to funds is required.

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Contact Support

When it comes to investing in precious metals, it’s crucial to partner with a company that provides excellent customer support. Throughout your investment journey, you’re likely to have questions and concerns, so selecting a company that can effectively address your needs is paramount.

Patriot Gold Group offers multiple avenues for contacting them, catering to various preferences. If you require prompt help from a representative, their live chat feature serves as an option. It should be noted that this feature doesn’t function as an instant messaging service. Instead, a link will appear in the lower right-hand corner of the screen where you can quickly enter your name, email address, phone number, subject matter of inquiry, and message.

During business hours, it remains uncertain whether someone will provide an immediate response upon submitting your message. Having this option is certainly helpful.

Alternatively, you have the choice to contact Patriot Gold Group via phone by dialing 877-711-6641. Should you prefer communicating through email instead, you may reach out by sending a message to info@patriotgoldgroup.com.

For individuals living in the vicinity or those who wish for face-to-face interaction, the physical location of PGG at Seal Beach 3010 Old Ranch Parkway Suite 350, in Seal Beach, California 90740, is open for visits as well.

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Patriot Gold Group Reviews From Real Users - How Legit Is It?

Is Patriot Gold Group legit? Not everyone is constantly satisfied with every business they engage with. As a smart consumer, it's important to be cautious and look out for any warning signs before making significant decisions, such as investing in precious metals. So, what can we gather from the reviews of Patriot Gold Group?

Many clients have expressed that PGG offers excellent instruction on valuable metals. Most investors have been exceptionally satisfied with their involvement and believe they have gained fresh insights to safeguard their retirement with certainty.

Alternatives to Patriot Gold Group

Augusta Precious Metals - Best Precious Metal IRA Company Overall

With over four decades of experience in the industry, Augusta Precious Metals stands as a leading provider of investment products such as gold and silver bullion.

Transparency is at the forefront of their operations, as they offer clients expense breakdowns and one-on-one web panels. While transaction fees aren’t applicable, price spreads for physical metals exist.

Despite a higher minimum investment requirement, Augusta's reputation remains strong due to their reliable refund policy and secure storage facilities.

However, it should be noted that there’s limited metal selection available and the minimum investment amount is on the higher side. Augusta's customer service deserves commendation for its excellence in serving clients' needs with utmost professionalism.

>> Choose Augusta Precious Metals for Investment >>

American Hartford Gold - Best Precious Metals IRA Company for Small Investments

American Hartford Gold is a well-known company specializing in gold IRAs, boasting an impressive track record and receiving high ratings for customer satisfaction. Their range of services includes precious metal IRAs, as well as facilitating gold and silver IRA rollovers. They offer the opportunity for direct purchases of gold and silver bars or coins.

The flexibility they provide when it comes to investment options is exemplified by their minimum investment requirements: $5,000 for direct purchases and $10,000 for gold IRA rollovers .

To ensure the security of their client's investments, American Hartford Gold collaborates with Equity Trust as a custodian. They also partner with renowned companies such as Brinks and Delaware Depository to provide secure storage options.

One standout feature of American Hartford Gold is the ongoing support they offer through dedicated account representatives. These representatives are readily available to assist investors throughout their journey.

Recognizing the importance of informed decision-making in the realm of investing, American Hartford Gold provides a free guide that serves as a valuable resource for investors looking to make sound choices in this field.

>> Choose American Hartford Gold for Investment >>

Oxford Gold - Best for Educational Resources

Oxford Gold Group stands out as a well-known organization that focuses on helping people plan for retirement by utilizing precious metals IRAs. Their services encompass a broad spectrum, such as assisting clients in acquiring physical gold, establishing Gold IRAs, and diversifying investments with silver, gold, platinum, and palladium.

The company places great importance on educating their clients and offers secure storage choices through esteemed institutions like Brinks Depository and Delaware Depository. Despite the enigma surrounding its ownership, Oxford Gold Group strives to serve as a beacon of guidance for individuals who aim to achieve a prosperous and varied future during their retirement years.

>> Choose Oxford Gold Group for Investment >>

Patriot Gold Group Review – Frequently Asked Questions

Do My Precious Metals Have to Be in the Form of Bars, or Can They Be Coins?

In order to be included in precious metals IRAs, only certain coins are authorized. The IRS has a curated list of approved forms of precious metals for IRAs. Patriot Gold Group specializes in providing coins and bars that adhere to the IRS guidelines for IRAs.

Can I Choose Any Self-Directed IRA Custodian or Use Patriot Gold Group’s Recommended Companies?

Patriot Gold Group collaborates with self-directed IRA custodians that the IRS has approved in the United States. Among the options they mention are STRATA Trust Company and Equity Institutional, both of which are reputable companies specializing in self-directed IRA custodian services.

Final Thoughts on Patriot Gold Group

For individuals new to Precious Metals IRAs or who already have this type of account, Patriot Gold Group provides valuable help. By having a self-directed IRA that includes assets like precious metals, individuals can diversify their retirement savings while enjoying the tax benefits associated with this type of account.

Patriot Gold Group acts as a facilitator in the buying and selling process of precious metals on behalf of customers. They also coordinate transactions with the IRA custodian and ensure that the assets are securely stored.

The major advantage that Patriot Gold Group brings to consumers is time savings and avoidance of hassles. With almost three decades of experience in the precious metals industry, they take care of all paperwork and electronic tracking between the custodian and vault.

This not only saves investors time but also guarantees that any precious metals purchased are suitable for inclusion in an IRA.

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Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.