Patriot Gold Group Review

You can open a “no fees for life” precious metals IRA with at least $250,000 in investments and invest in gold and silver with guidance from highly rated customer representatives.

My Patriot Gold Group review covers the investment options and perks when investing at least $50,000.

The Verdict for Patriot Gold Group

I’ve given them a rating of 8.1 out of 10.

Criteria	Rating (out of 10)
Product & Service Offerings	9
Pricing & Fees	6
Guarantees	8
Customer Experience	9
Storage & Security	9
Account Setup & Maintenance	9.5
Reputation & Reviews	9.5
Overall Rating	8.1

In this review of Patriot Gold Group, I’ve followed GIC’s detailed criteria for evaluating the precious metals IRA company.

About Patriot Gold Group

Patriot Gold Group was founded in 2016 by Jack Hanney, the current CEO and co-owner.

This gold IRA company prides itself on providing a direct relationship with an owner to offer above-average customer service quality and competitive pricing.

Despite being one of the younger gold-buying services, I appreciate multiple Patriot Gold Group reviews highlighting the attentive support instead of just being treated like a number as some top-rated competitors do.

I also find it reassuring that its staff is well-experienced with precious metals investments and you can read a detailed biography of each senior partner you work with.  

Specifically, Consumer Affairs ranks Patriot Gold Group as a #1 Gold IRA Dealer for seven consecutive years. The company maintains an A+ BBB rating (Better Business Bureau) and has been accredited since 2022.  

Patriot gold and silver prices are only available by phone, although the company waives IRA custodian, maintenance, and storage fees for life with balances exceeding $250,000.

This fee-free IRA helps make Patriot Gold one of the most affordable and best gold IRA companies.

Product & Service Offerings

Patriot Gold Group specializes in gold and silver IRAs and also supports cash transactions for your non-retirement investment goals.

Your senior partner can help you build a diversified portfolio.

No Fees for Life IRA

Patriot Gold Group offers a “no fees for life” precious metals IRA with balances above $250,000.

This perk makes Patriot an ideal gold IRA for investors with a sizable portfolio to waive over $200 in annual account maintenance and storage fees for the life of your self-directed IRA.

Households working toward the $250,000 balance threshold can waive their first-year fees with a minimum $100,000 qualifying investment.

Not paying self-directed IRA fees reduces your investment risk as you realize your potential gains sooner, especially with a small portfolio.

In addition to the fact that there are no fees, the account setup process is within 24 hours. An IRA specialist helps you complete the initial paperwork, 401(k) rollovers, and IRA transfers.   ‘

Its preferred IRA custodians are Equity Trust Company and STRATA Trust which manage your record keeping and investment cost basis.

However, the precious metals dealer works with multiple IRS-approved custodians of your choice.

Buy Gold and Silver Bullion

There are many IRA-eligible gold and silver investment options with 99.99% (.999) purity.

Specifically, bullion coins and rare coins from the United States Mint and international mints are available with free shipping and insurance.

Your investment choices include:

• Gold American Eagle coins
• Silver American Eagle coins
• Gold and silver proof coins
• Royal Canadian Mint gold and silver coins
• Perth Mint gold and silver coins

While the Patriot Gold Group website doesn’t list platinum and palladium investment options, your agent can coordinate these purchases by phone.

Cash Transactions

The minimum investment for non-IRA purchases is only $10,000.

This option provides the convenience of home gold storage and the ability to buy rounds and bars with purity levels ineligible for precious metals IRAs.

Pricing & Fees

The minimum initial investment is $50,000 for IRAs and $10,000 for cash purchases.

Setup fee for IRA	$225
Wire transfer fee	$30
Custodian administration fee	$80 per year
Storage fees	STRATA Trust $150, Equity Trust $180

These expenses are competitive with other dealers and are even more enticing when you qualify for fee waivers.

Promotions

Established investors can waive select IRA fees with qualifying balances:

• IRA setup fee waiver: Over $30,000
• All first-year fees waived: Over $100,000
• No fees for life: Over $250,000

I like the ability to waive the administrative and storage fees for the life of your IRA.

These fees deter some investors from opening a gold or silver IRA sooner.

Guarantees

Patriot Gold Group doesn’t explicitly advertise a buy back or best price guarantee.

Instead, the gold IRA company commits to competitive pricing by letting you work directly with an owner to buy or sell precious metals.

The company also removes executive and shareholder compensation incentives that can drive up the price of gold and silver or present a conflict of interest if the salesperson receives a higher commission.  

I wish there was more emphasis in writing to make comparing gold IRA companies easier.

Thankfully, many positive Patriot Gold Group reviews mention hands-on assistance with helping customers make informed decisions to avoid buying products that may not be in their best interest.

Customer Experience

Live chat and phone support are available Monday through Thursday from 7 a.m. to 5 p.m. Pacific and Friday from 7 a.m. to 3 p.m. Pacific.

Email support is also available 24/7.

The website highlights the critical steps to opening an account and making your first transaction. However, its knowledge center for non-customers is limited and there are no FAQs.

As a result, you will need to contact a representative free of charge to gather information.

I was pleased with the quick email responses I received to learn more about the company for this Patriot Gold Group review.

My experience is consistent with numerous long-term customers who receive in-depth information from the initial inquiry.

Storage & Security

Patriot Gold Group partners with two depositories:

• Delaware Depository: Secure vaults are in Wilmington, DE and Boulder City, NV. The depository provides up to $1 billion in all-risk insurance through its London underwriters.
• Texas Depository: Located in Shiner, TX, deposits are 100% insured through Lloyd’s of London. 

Both options provide free shipping and segregated storage, making it easier to enjoy a similar experience and security at the destination of your choice for IRA-eligible precious metals.

I like that Patriot Gold Group works with some of the most reputable depositories. They have competitive storage fees that Patriot waives with qualifying IRA balances.

Account Setup & Maintenance

You can follow these steps to open a precious metals IRA within 24 hours:

1. Request a free IRA investor guide: You can receive a complimentary Gold IRA Investor Guide and speak with an assigned representative.
2. Initiate an IRA transfer: An IRA specialist assists with completing the application paperwork. They help with IRA conversions and 401(k) rollovers from your existing IRA custodian.
3. Purchase precious metals: You can purchase IRA-qualifying Patriot gold and silver by phone. While your agent can’t provide personalized advice, you can request free information about specific products.

Patriot Gold Group ships the purchased metals to your depository of choice. You will continue receiving market insights and work with your dedicated representative.

Reviews & Reputation

Patriot Gold Group reviews are among the highest for gold IRAs across the various customer rating platforms.

It rates 5.0 out of 5 on Business Consumer Alliance, Consumer Affairs and Trustpilot. Most reviews praise the professionalism and knowledge of the representatives. 

As one review from Gene N. puts it, “We live in an era when customer service has become the exception and not the rule! Our recent experience with Patriot Metals has upset that status quo.” 

Patriot Gold Group continually ranks as a “#1 gold IRA dealer in the United States” from Consumer Affairs and Money.

My one hesitation is that its Better Business Bureau (BBB) profile is relatively new and has minimal customer reviews.

Specifically, it has only been BBB accredited since 2022, despite operating since 2016. 

Patriot Gold Group Alternatives & Competitors

You can compare Patriot Gold Group to these alternatives with lower investment minimums and flexible buyback policies.

Goldco

Goldco has a $25,000 minimum investment to open an IRA. You may prefer this company as its buyback program guarantees the highest prices.

Annual fees are between $175 and $225, although you cannot waive these fees like at Patriot Gold Group.

Request Goldco’s free gold & silver kit

Noble Gold Investments

Noble Gold Investments offers precious metals IRAs with a $20,000 minimum investment, and cash transactions only have a $2,000 minimum.

Its no-qualms buyback program makes it easy to sell your metals back at a competitive price. Annual IRA fees are $225.

Request Noble’s free gold guide

Birch Gold Group

Birch Gold Group provides a budget-friendly $10,000 minimum investment for its precious metals IRA.

Similar to Patriot Gold Group, it doesn’t have a buyback guarantee but requests first right of refusal. The annual IRA fees are between $175 and $225.

Request Birch’s free gold info kit

Is Patriot Gold Group a legit company?

Patriot Gold Group is among the best gold IRA companies for its professional customer service experience and competitive pricing.

Its “no fees for life” precious metals IRA is also appealing if you anticipate investing at least $250,000 in a gold-backed retirement account.

FAQs