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The Patriot Gold Group is a precious metals dealer helping customers establish precious metal Individual Retirement Accounts (IRAs).
This review will take a closer look at the company's products, services, and overall reputation to help you decide if the Patriot Gold Group is the right choice for your gold IRA needs.
First, let's discuss the company's product offerings. The Patriot Gold Group offers a range of precious metals, including gold, silver, platinum, and palladium. Customers can choose from various investment options, including coins, bars, and rounds.
The company also offers storage options for customers who prefer to have their precious metals stored in a secure facility rather than kept at home.
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What is the Patriot Gold IRA?
The Patriot Gold Group is a company that specializes in helping individuals invest in precious metals, specifically gold and silver.
One of their popular offerings is the "No Fees for Life" gold IRA, which allows investors to hold their precious metal investments in an Individual Retirement Account (IRA) without paying any annual fees.
A key benefit of investing in precious metals through an IRA is the potential for tax-deferred or tax-free growth on your investments.
With a traditional IRA, you get to deduct contributions on your tax return, and any earnings on your investments can grow tax-free until you begin withdrawing in retirement. This can maximize the growth of your investments over time.
The Patriot Gold Group's "No Fees for Life" IRA offers a range of benefits to investors, including:
No annual fees: As the name suggests, the "No Fees for Life" IRA does not charge any annual fees, which can save you money over the long term.
Wide range of investment options: The Patriot Gold Group offers a variety of precious metal investment options, including gold and silver coins and bars, so you can choose the products that best fit your investment goals and risk tolerance.
Easy account setup: Setting up an IRA with the Patriot Gold Group is easy and can typically be done online in minutes.
Expert guidance: The Patriot Gold Group's team of investment professionals are available to provide guidance and support throughout setting up and managing your IRA.
Overall, the "No Fees for Life" IRA from the Patriot Gold Group can be a convenient and cost-effective way to invest in precious metals and take advantage of the potential tax benefits of an IRA.
About The Patriot Gold Group
Patriot Gold Group claims to be a cut above the rest, proudly being awarded as Consumer Affairs' Top Rated Gold & Silver Dealer nationwide for five consecutive years.
Patriot's objective is to provide clients with an opportunity to take their wealth and retirement matters into their own hands - safely and knowledgeably. Investing in Precious Metals has always been more complex.
One of the critical features of Patriot Gold Group is its commitment to providing a safe and secure environment for clients to invest in precious metals.
Whether clients store their metals in a secure vault or at home, Patriot Gold Group is dedicated to safeguarding their assets.
In addition to providing a safe and secure environment for investing in precious metals, Patriot Gold Group also aims to make the process as straightforward as possible.
They offer guidance and support throughout the opening and managing of a precious metals IRA, including assistance with paperwork and account management.
This can help remove the stress of investing in precious metals and allow clients to focus on their long-term financial goals.
3 Steps of Opening a Gold IRA with Patriot Gold Group
Opening a precious metals IRA (individual retirement account) is a process that involves a few steps. Here are the general steps you should follow:
Contact a precious metals IRA company to get started. You can find these companies by doing an online search or asking for recommendations from financial advisors. You can also speak with one of their representatives to get more information and ask questions.
Fill out the necessary forms and complete the transfer or rollover process. This usually involves transferring funds from your current IRA or 401(k) account into the precious metals IRA.
The company you choose should be able to guide you through this process and help you with any necessary paperwork. Once your account is funded, you can start buying and storing precious metals in your IRA.
The company you choose will typically have a list of approved precious metals that you can choose from. They will also have information on how the metals will be stored and safeguarded.
Products by Patriot Gold
The Patriot Gold Group is a company that specializes in helping individuals invest in precious metals, specifically gold and silver.
They offer a range of products, including:
Gold bullion refers to gold cast into a specific shape, such as bars or coins, and is typically 99.5% pure or higher. Gold bullion is usually bought and sold based on its weight rather than its design or rarity.
Exclusive gold coins are specially designed in limited quantities. They may have a higher value than regular gold coins because of their rarity or design.
Proof gold coins are special editions of gold coins that are produced with a higher level of craftsmanship and detail than regular gold coins. They are typically produced in limited quantities and may have a higher value because of their rarity and quality.
Some gold coins are eligible to be held in Individual Retirement Account, or a retirement savings account.
When you are interested in investing in gold through an IRA, it's important to ensure that the coins you are considering are IRA eligible gold that can be held in this type of account.
Similar to gold bullion, silver bullion refers to silver that has been cast into a specific shape, such as bars or coins, and is typically 99.9% pure or higher. Silver bullion is usually bought and sold based on its weight rather than its design or rarity.
Proof silver coins are special editions of silver coins that are produced with a higher level of craftsmanship and detail than regular silver coins. They are typically produced in limited quantities and may have a higher value because of their rarity and quality.
Exclusive silver coins are specially designed silver coins produced in limited quantities. They may have a higher value than regular silver coins because of their rarity or design.
Some silver coins are eligible to be held in an IRA, a type of retirement savings account. If you are interested in investing in silver through an IRA, it's important to ensure that the coins you are considering are eligible to be held in this type of account.
Why Invest in Precious Metals?
Hedge against inflation: Precious metals, particularly gold, have historically been considered a hedge against inflation, as their prices tend to rise when the cost of living increases.
This is because gold, and other precious metals, are considered a store of value and are less vulnerable to the effects of inflation than other investments such as stocks or bonds.
Hedge against the dollar: Precious metals can also act as a hedge against the dollar, as their value is not directly tied to the performance of the U.S. economy.
This can make them an attractive investment for those concerned about the dollar's stability or the overall health of the U.S. economy.
Diversification: Adding precious metals to your investment portfolio can help diversify your holdings, reducing the overall risk of your investments.
This is because precious metals tend to perform compared to other asset classes, such as stocks or bonds, and can help balance out the ups and downs of other investments in your portfolio.
Precious metals vs stocks: Some investors may choose to invest in precious metals over stocks because they perceive them as less risky.
While stocks can be volatile and subject to market fluctuations, precious metals tend to hold their value over time and can provide a stable investment option.
However, it's worth noting that no investment is completely risk-free, and it's important to consider your risk tolerance and goals before making any investment decisions.
Why Choose the Patriot Gold Group?
Secure vault storage: Patriot Gold Group offers secure storage options for precious metals in various parts of the United States. This provides peace of mind knowing that your metals are being safeguarded in a secure location
Smooth paperwork: Patriot Gold Group has a team of professionals who can provide guidance and support throughout opening a Gold IRA account, including assistance with paperwork.
This can make establishing a precious metals IRA more straightforward.
Home safe storage: Patriot Gold Group also offers the option for clients to store their metals at home. This can appeal to some people who want to feel safe and in control of their assets, particularly in emergencies.
Simple account management: Once the gold IRA account is opened, it is managed automatically by the professionals at Patriot Gold Group to ensure that clients have no issues with account management.
This can help make managing a precious metals IRA easier and more convenient.
Direct working relationship: Patriot Gold Group offers a direct working relationship with an owner, which could be beneficial if you prefer a more personal approach to work with a company.
No fees for life on gold and silver IRAs: Patriot Gold Group claims to have no fees for life on gold and silver IRAs, which could save you money.
Lightning-fast 24-hour account setup: Patriot Gold Group offers lightning-fast 24-hour account setup, which could be convenient when you need to set up an account quickly.
Is the Patriot Gold IRA Legitimate?
The Patriot Gold Group is a company awarded as Consumer Affairs' Top Rated Gold & Silver Dealer nationwide for five consecutive years.
They have 50 years of collective industry experience and offer a direct working relationship with an owner, no fees for life on qualifying IRAs, and lightning-fast 24-hour account setup.
Based on this information, it does not appear that Patriot Gold Group is a scam. However, it's always a good idea to do your research and due diligence before working with any company, especially one that handles financial matters.
Things you can do to protect yourself include: researching the company's reputation and history, checking with the Better Business Bureau, asking for references, getting everything in writing, and consulting with a financial advisor or tax professional.
Final Verdict
Overall, the Patriot Gold IRA is offered by a reputable company that sells valuable products and services to its customers.
If you are considering establishing a precious metal IRA or adding precious metals to your existing retirement portfolio, the Patriot Gold Group could be an option, but we do not recommend them.
There are much better options for investors looking to protect their savings with gold IRA that we have written about extensively on this website.
You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:
>> CLICK HERE to read our list of the Top Gold IRA Companies. <<
Or, if you like what you have read about Patriot Gold Group, you can go to there website below:
I started BMOGAM Viewpoints as a way to compile all my views on investing in one place. I own my home, have some real estate, and own a few stocks like most people, but what really drives my interest in investing is I have a strong love of precious metals, especially gold.
