Patriot Gold Group Review

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If you are thinking to invest in precious metals, then it is good to do your research and work with established precious metals companies.

It is a fact that investing in gold and other precious metals is one of the best ways of protecting your wealth.

But the company you choose to work with matters a lot. You should consider a top-rated company with vast experience in dealing with individual retirement accounts.

Before we get started with this review:

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Intro to the Patriot Gold Group

Patriot Gold Group has for many years proved to be a leader in the American precious metals industry. The company was founded based on providing customers with an alternative way to invest their money. 

Patriot Gold Group has seasoned professionals in the precious metals sector always on standby to offer advice and guidance to anyone interested in need of help.

They have a wide variety of precious metals that clients can choose according to their budget.

About Patriot Gold Group

Patriot Gold Group is a leading precious metals company in the United States. It is a certified Professional Coin Grading Service (PCGS) company that was founded in 1990.

It is an active member of the numismatic Guaranty Corporation – a popular grading service.

Patriot Gold Group has several branches across the U.S. but its headquarters is located in Los Angeles, California. The firm is dedicated to offering a wide range of products and services in the precious metals industry.

The founders of Patriot Gold Group recognized the need of creating alternatives ways of preserving wealth through physical gold and other precious metals.

Since it was founded in 1990, Patriot Gold Group has gained grown and expanded its wings throughout the United States and beyond. The company has received numerous awards for its exceptional performance in the precious metals sector.

The firm has specialized in precious metals IRA facilitation and management of client accounts. This has also helped it to gain trust and confidence from its clientele across the country.

Management Team


Jack Hanney is the Chief Executive Officer of Patriotic Gold Group. He has over 20 years of experience in the precious metals industry.

He is a respected name when it comes to gold IRA and asset management in the country. Jack was born and raised in Westchester County, New York.

His father was a politician and owner of an insurance company.

Senior Partners

Mike Celano and Charley Chartfoff are senior partners at Patriotic Gold Group. Both of them are accomplished businessmen and have extensive experience in the precious metals sector.

Mike has worked as an executive in several multinational companies. He is knowledgeable in economic discrepancies, global markets, currencies, and macroeconomics.

Charley Chartfoff has over 10 years of experience in Gold and management of IRA accounts

Portfolio Manager

Andrew Clay is the Portfolio Manager of Patriotic Gold Group.

Together with his business partners, Clay raised venture capital and created a cutting-edge technology platform that is currently being used by high-end hotels across the world.

He has also worked as an asset manager with several firms across the country.

Patriot Gold Group Products and Services

Patriotic Gold Group offers a wide range of products and services. They range from the facilitation of precious metals IRA to safe storage solutions.

Upon joining the company, you will enjoy the following benefits:

  • Create your IRA account within 24 hours
  • A skilled and experienced personal account manager to guide you throughout the process
  • No charges for silver and gold IRAs
  • Free delivery for your precious metals
  • Great customer support

Gold IRA

Gold IRA offerings are the main products you can find in Patriotic Gold Group. It is an account where you are allowed purchase physical gold bars or coins. The good thing about these accounts is that you get to enjoy a wide range of tax deferment benefits.

Silver IRA

Other than gold, the company also offers silver IRAs. Silver IRA offerings work almost the same ways as gold IRA accounts. It is an arrangement where the company allows you to purchase physical silver as a way of preserving your wealth.

Other precious metals

There are other precious metals such as platinum and palladium that you can invest in. All you need is to open an account with Patriotic Gold Group and decide which precious metals you would like to purchase.

The Internal Revenue Service (IRS) mandates investors in precious metals IRAs to delegate to have custodians who will keep and manage their physical assets. Facilitators and custodians are supposed to operate under strict IRA regulations.

How to set up a Precious Metals IRA

The Patriotic Gold Group allows customers to purchase and hold physical precious metals either in a private IRA storage or personal cache. You can then manage your physical assets through a tax-deferred account.

Here are the three steps of setting up an IRA account with Patriotic Gold Group:

  • Account registration: the first step informs registering an IRA account by filling out a form on the company’s website. You will immediately get a free gold IRA investor guide. Later on, a customer representative will contact you to verify some information. Your IRA account will be ready within 24 hours after you have fulfilled all the setup fees and requirements.
  • Later on, a customer representative will contact you to verify some information. Your IRA account will be ready within 24 hours after you have fulfilled all the setup fees and requirements.
  • In case you already have a retirement account, you can easily roll over the existing assets into your new gold or silver IRA account. An expert from Patriotic Gold Group will guide you through the tax-free transfer process. This is also the stage where you fund the account through the various payment options available on the company’s website.
  • After setting up and depositing money in your IRA account, you will be guided through the precious metals purchase process. Following IRA regulations, Patriotic Gold Group will then move your physical gold or silver to a secure storage facility. You will be notified after the whole process is complete. In case you want to sell your physical asset, you can contact the company anytime and initiate the process.

Rolling Over a 401k

A solo 401k is a retirement account where an investor can serve as the custodian as well as manager of their funds. But you must meet the following requirements to qualify for one:

  • Proof of self-employment activity which may include ownership of a Limited Partnership, Limited Liability Company (LLC), S Corps, C Corporation among others.
  • You should not be having full-time employees at the time of the application

A precious metals IRA allows you to diversify your investment portfolio. This means you can invest in real estate, physical gold or silver, bonds and stocks, franchises among other forms of investment.

How do you roll over a 401k to precious metals IRA?

There are three situations where you can roll over a 401k. They include the following:

  • You can roll over part of your 401k from a former employer into a precious metals IRA
  • If you want to roll over your existing 401k plan while still working with the same company, the rolling over can only be performed through an in-service distribution.
  • In case an in-service is not possible, then you may ask your company to include physical precious metals into your 401k investment plan

Reasons to invest in gold and silver

Silver and gold have been used as money around the world since time immemorial. Investing in these two precious metals offer a lot of benefits including the following:

There are three situations where you can roll over a 401k. They include the following:

  • Durability: both silver and gold have enduring intrinsic values. They can last for centuries without losing their value
  • Ability to withstand inflation: Gold and silver are not affected by inflation or the devaluation of currencies. This makes them a perfect way to protect your wealth against economic and political uncertainties.
  • Rise in prices: The price of gold is ever on the rise. It is very uncommon to find the price of gold and silver dropping as time goes by.
  • Portfolio diversification: Precious metals allow you to diversify your investments.

Buying Gold Coins

Buying gold coins is one of the best investment decisions you can make. Studies have proved over and over again that precious metals are the best way to generate and protect wealth. The best way to invest in gold is by purchasing gold bullion or coins

Gold Coin Categories

When buying gold coins, you have the option of choosing between gold bullion coins and numismatic gold coins. The price of gold coins is usually dictated by market forces. On the other hand, numismatic coins are closely determined by the price of gold although their value is to a bigger extent dictated by their collectability.

The Process of Purchasing Gold Bullion coins

The best way to purchase gold coins is to buy those generated by renowned national mints like the Royal Canada Mint, the U.S. Mint, the South African Mint, and the Perth Mint.

Some of the common coins from these mints include:

  • The American Gold Eagle/American Gold Buffalo
  • The South African Krugerrand
  • The Australian Kookaburra and Kangaroo
  • The Canadian Gold Maple Leaf coin

Pricing and Fees

Patriotic Gold Group has some of the most competitive prices and parks in the market. It offers direct investor pricing – a payment scheme that exempts customers from purchase fees.

Registration fees

The company has a one-time registration fee for new customers purchasing precious metals IRAs with a specific amount. But there are no registration fees for IRA accounts that have met a certain threshold.

If you decide to sign up for an IRA account with Patriotic Gold Group, you will not have to pay storage fees for a minimum of three years as well as rollover reimbursement fees for one year.

Other fees

Storage rates, transaction charges, and insurance rates will be determined by the custodian you have selected to keep your physical assets. Patriotic Gold Group works hand in hand with whatever custodian you choose to ensure that everything runs smoothly.

Custodial fees will be based on the type of service being offered. The fees can go up to hundreds of dollars. Additionally, insurance and storage fees will also be determined by your account balance as well as the service provider.

Frequently Asked Questions (FAQ's)

What kinds of gold are allowed to be held in the IRA?

Both gold bars and coins must meet or exceed purity level of .995% to be allowed in an IRA.

Is it ok to store my precious metals at home?

According to IRS guidelines, precious metals are not supposed to be kept at home or in personal safety boxes.

Can Patriot Gold Group tell me the exact value my investment will be upon retirement?

Because numbers are dependent on market influences and economic trends, it won’t be easy to tell the exact value of your future investments.

Patriot Gold Group Reviews

Patriot Gold Group is a leader in the precious metals industry. The company specializes in providing its clients with precious metals IRAs together with silver and gold coins. Patriot Gold Group doesn’t charge fees for IRAs that have met the required minimum threshold.

Required Minimum Distribution (RMD) Calculator

When it comes to a point when you want to withdraw from your IRA account, you can use the RMD calculator to determine how much your physical gold or silver is worth before making the transaction.


In general, Patriot Gold Group is one of the more reputable precious metal companies in the United States. Since it was founded in 1990, the company has helped many people to invest in different types of precious metals.

Anyone who has an interest in precious metals investment may enjoy working with Patriot Gold Group.

As we said above, Patriot Gold Group is not a scam, they are a reputable company, but we do not recommend them.  They are not the best option for investors looking for cash purchases or looking to rollover existing 401k's or IRAs into precious metals.  

There are much better options than Patriot Gold Group, that we have written about extensively.

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 for Our List of the Best Gold IRA Companies to Invest With

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