[email protected]

We are reader-supported. If you buy through links on our site, we may earn a commission. Learn more.
Wait! Don't forget your FREE 2023 Gold IRA Guide

Patriot Gold Group Review (2023): BBB Ratings, Reviews & Complaints, IRA Fees, and More!

Patriot Gold Group: The #1 Gold Dealer In The US

Thank you for visiting our Patriot Gold Group review (2023). In this in-depth review, we have taken a close look at Patriot Gold Group and their BBB ratings, reviews and complaints, annual fees, gold and silver inventory, and more to see whether Patriot Gold Group lives up to being the #1 gold dealer in the US.

Important Notice!
Before we go more in-depth on this Patriot Gold Group review, we know that choosing a precious metals IRA company is an important financial decision that can impact your financial future for years to come.

Our goal is to provide you with the most accurate and reliable information to help you identify the best option to grow and protect your wealth today.

With careful and extensive research, we have reviewed and rated the 7+ best precious metals IRA companies of 2023 to help make your decision easier!

>>See our list of the top 7+ precious metals IRA companies (cash sales also available).

Also, check out a time-limited special promotion from our #1 recommended company!
For a limited time, they are offering up to 10% of your order in FREE silver! Meaning that if you purchase metals for $100,000, you get $10,000 in FREE silver!

>>Learn more about this special promotion here!<<
With that being said, let us now look at how Patriot Gold Group measures up! Feel free to use the TOC list to jump straight to any section:

Introduction: Patriot Gold Group Review (2023)

While catering to American patriots and the like is basic business for companies in the gold industry, Patriot Gold Group goes the extra mile. For starters, there’s the name. Second, the website is fairly adorned with patriotic motifs, and as they tell us, they’re patriots serving patriots.

But do they properly represent the good old American values, as they ought to?

We’d say so. Patriot Gold Group certainly has good reviews, plenty of accolades, diverse product selection, and an exceedingly transparent company profile.

No firm is perfect, and we’ll go over the downsides, but overall, Patriot Gold Group doesn’t really hit any red flags while strongly suggesting that they’re a good choice to either open an IRA with or simply buy bullion from.

What Is Patriot Gold Group?

Patriot Gold Group: The #1 Gold Dealer In The USThere is a bit of a lack of clarity in regards to when the company opened its doors. Sources we’ve come across say 1989, but their page on the Better Business Bureau says they’ve been in business for 6 years.

Which one is true? If you’re really curious, it’s probably best to make an inquiry.

What stands out the most about this California-based precious metals company is that they tell you exactly who you’ll be working with. On the company website, virtually all of the key personnel are listed: CEO, Senior Partners, Portfolio Managers, Retirement Specialists, and associates.

Patriot Gold Group Staff

Each of these has a laid-out profile where they give you their professional background and oftentimes some personal detail. While they probably make good use of representatives, we’d venture to say that customers can speak to any of these people if desired, which is a big plus.

Jack Hanney CEO Of Patriot Gold GroupAdditionally, this is reinforced by what Patriot Gold Group calls a direct working relationship with the precious metals IRA owner. Out of the many figures listed, we’ll mention Jack Hanney, the firm’s CEO.

Hanney has over 20 years of experience in finance, having grown up in New York as the son of the owner of an insurance brokerage firm.

Hanney even tells us he started reading the Wall Street Journal when he was 14, along with plenty of other details about his background that affirm he isn’t new to the business.

The same can be said for other personnel listed, with many holding comparable levels of expertise, whether in finance or the more narrow precious metals industry.

While a company not disclosing its management isn’t necessarily a downside, putting it up-front like this is definitely a strong point.

If you are ready to take action, >>>>see our list of the top 7+ precious metals IRA companies (cash sales also available).

Products Available

The main product offered by the company is its gold IRA. When opening a retirement account, you generally want the company to be as dedicated to this as possible as opposed to just being a bullion dealer that puts you in touch with a custodian.

We’ll go over the IRA in-depth soon, but based on Patriot Gold Group reviews, opening and managing an account through them is a breeze. Aside from that, they have a bullion inventory that reinforces the company’s image as IRA specialists.

No uncommon products, but also no platinum or palladium, which some investors will probably find less than satisfactory. Here is what can be found in each of the categories, though the site gives both metals several individual categories.

Patriot Gold Group Gold Coins And Gold Bars

  • American Gold Eagle Coins, Bullion and Proof, 1oz and 1/2oz as well as a set
  • American Buffalo Gold Coins, 1oz
  • Canadian Gold Maple Leaf Coins, 1oz
  • Several Canadian Wildlife Gold Coins, Unclear Denominations, Seemingly 1/4oz
  • Austrian Philharmonic Gold Coins, 1oz
  • South African Krugerrand Gold Coins, 1oz
  • Royal Mint Atlantic Gold Coins, 1/4oz
  • Several 19th and 20th Century Collectible US Gold Coins
  • 10oz Gold Bars from the Royal Canadian Mint

Patriot Gold Group Gold Coins

Patriot Gold Group Silver Coins And Silver Bars

  • American Silver Eagle Coins, Bullion and Proof, 1oz
  • Canadian Silver Maple Leaf Coins, 1oz
  • Several Canadian Wildlife Silver Coins, Seemingly 1/2oz
  • Royal Mint Atlantic Silver Coins, 1oz
  • Silver Buffalo Rounds, 1oz
  • America the Beautiful, 5oz
  • Several 20th-Century “Junk Silver” Coins, Individually Grouped
  • 10oz Silver Bar from the Royal Canadian Mint

Patriot Gold Group Silver Coins

How To Start A Gold IRA With Patriot Gold Group?

Patriot Gold Group makes several claims about their gold IRA, one of which is that it can be set up in 24 hours. This is the fastest time we’ve come across by some margin, as most competitors generally leave a window of about 10 days.

Another is the aforementioned claim of being able to talk to key people in the company once you’ve set up an account with them. Based on the absence of Patriot Gold Group complaints, we’d say both of these claims are probably true.

Aside from that, setting up a gold IRA with Patriot is pretty much the same as with any other company in the sector.

The company has a dedicated section on the website informing us of just that in 3 easy steps:

  • Step 1. First, you reach out to Patriot Gold Group and speak to one of their representatives.
  • Step 2. Then, they’ll help you set up an account with a custodian.
  • Step 3. Once your account is funded, they’ll help you buy and store your precious metals.

How to Start a Gold IRA With Patriot Gold Group?

One curiosity is that they mention that account owners can hold bullion in a home safe as opposed to an approved depository. Anyone familiar with IRAs knows that this is a no-no for the most part, and almost invariably brings on penalties and account liquidations.

On the other hand, Patriot Gold Group obviously isn’t lacking in financial experts. To conclude, we aren’t sure what to make of this, but either way, we’d advise you to avoid any kind of home storage of bullion in an IRA.

If you are ready to take action, >>>>see our list of the top 7+ precious metals IRA companies (cash sales also available).

Annual Fees, Storage Costs & Investment Minimums

One of Patriot Gold Group’s primary advertisements is “no fees for life” for their gold IRA. This promotion, however, only applies to accounts with a $250,000 purchase minimum, which takes some digging to find out.

We’d like to see this made a bit clearer as opposed to making it sound as if every account is eligible to have no fees applied to it.

Furthermore, there are six custodians listed on the website, and STRATA Trust and Equity International seem to be the preferred choices. As is the norm, you can probably pick another custodian if you so desire.

For some reason, there isn’t any mention of storage facilities. The fees likewise aren’t mentioned in great detail but overall, the structure looks like this:

  • $25,000 account investment minimum
  • About $200 annual custodial fee
  • $40 transaction fee, which is waived for the first year for rollovers
  • Storage fees usually range between $100 and $180 based on what we’ve come across, and Patriot Gold Group offers to waive them for the first three years
  • Free and insured shipping on all orders
Annual Fees Custodial Fees Investment Minimums
ZERO fees for life (with a minimum account purchase of $250,000) $150 (STRATA Trust) and $180 (Equity Institutional) Precious Metals IRA $25,000

Patriot Gold Group Reviews & BBB Ratings

The Patriot Gold Group BBB page is spotless, but it also doesn’t have that many reviews. 5 out of 5 stars based on 5 reviews. It’s also worth mentioning that they are accredited with an A+ rating by the BBB.

Patriot Gold Group's BBB Rating

In addition, ConsumerAffairs is another prominent watchdog site to mention. For starters, it has given them an award for “The #1 Gold IRA Dealer In The US” for 4 consecutive years starting from 2016.

Patriot Gold Group's Consumer Affairs Rating

And the ConsumerAffairs profile is just as spotless but with a lot more reviews. 134, all 5-star. For some reason, ConsumerAffairs lists “no online purchases” as one of the company’s downsides. We’re not quite sure what that means.

Patriot Gold Group Reviews On Consumer Affairs


On the Business Consumer Alliance website, they have the highest grade of AAA and 17 customer reviews that have given them an overall rating of 5 stars.

Lastly, Trustpilot is where we finally start to find a fault, if just barely. They have a 4.8 rating based on 37 reviews, with 97% of them being 5-star and 3% being 4-star.

Patriot Gold Group's Reviews On Trustpilot

Patriot Gold Group Complaints

If every company’s profile was this spotless, our job would be much easier. There are no Patriot Gold Group complaints based on what we’ve come across, formal or otherwise.

It seems that, aside from the few 4-star reviews, nobody had any dissatisfaction when working with this company.

If you are ready to take action, >>>>see our list of the 7+ best precious metals IRA companies (cash sales also available).

Pros And Cons Of Patriot Gold Group

To give you a quick overview, here are some pros and cons of Patriot Gold Group:

  • Rated the #1 Gold IRA Dealer in the US by Consumer Alliance 4 years in a row
  • No lifetime fees for precious metals IRAs (account minimum required)
  • Quick and easy gold IRA rollover
  • A detailed company profile that tells you exactly who you’re working with
  • No complaints or negative feedback
  • A clear commitment to customer satisfaction, with the quick setting up of the IRA being just one example
  • No platinum or palladium products listed on the website
  • No prices listed on any of the products
  • The promotion surrounding a lifetime waiving of fees could be a little clearer

Verdict Patriot Gold Group Review (2023): Is It Legit?

Patriot Gold Group: The #1 Gold Dealer In The USThere’s no question that Patriot Gold Group is legitimate. We’d go and venture to say they’re not the #1 precious metals company but certainly one of the best companies in the field.

Overall, they’ve clearly focused on doing a few things and doing them well.

Firstly, customer satisfaction is obviously important to them given the total absence of any negative feedback. Whereas many companies won’t even reply to negative reviews, you’ll come across plenty of positive Patriot Gold Group reviews that have had a representative say they appreciate the good feedback.

Secondly, how much and how often the average account holder gets to interact with some of the senior management isn’t clear, but any amount is good. Having financial experts on your board is good, and letting your customers talk to them if desired is even better. It appears Patriot Gold Group has no issue with this.

However, there are some curiosities about the company, starting with the inventory. For example, they only have a single bar of a single weight, that being 10oz, in both the gold and silver category.

That doesn’t leave much room for choice, especially if you’re buying gold or silver from them outside of an IRA where a 10oz gold bar is undoubtedly going to come off as hefty. But it might be that even for an IRA owner. This is somewhat compensated by silver rounds, though there are no gold ones.

Whether their comparatively lackluster inventory of silver and gold bars has to do with inventory depletion or a deliberate focus on coins isn’t clear.

Precious Metals IRA Without All 4 Metals

Then, there’s the absence of platinum and palladium. While not uncommon, these are still popular product options. Furthermore, Patriot Gold Group refers to their account as a “Precious Metals IRA.”

In almost all cases, it’s possible to include all four precious metals inside retirement accounts labeled as this. But given that gold and silver IRAs can have different account fees, it wouldn’t hurt to see this part a bit elaborated.

Not the least of which, we have to reiterate that the part about home storage concerns us. In general, retirement account providers offering home storage tend to be on the shadier side, wanting to attract naive customers quickly.

Since Patriot Gold Group isn’t this, and since they’ve staffed their office with various experts on all things precious metals and retirement investments, we have to wonder what this is about. Surely they’ve heard of all the IRS clampdowns on IRA owners trying to go for home storage.

The reason we seemingly outline so many negative sides to the company in our verdict is that there’s little enough to squeeze them in.

The reviews by customers alone are pleasant to read and, time and again, tell the tale of a company that goes out of its way to satisfy any customer that opened an account with them. So to conclude, no negative feedback is good enough for us!

If you are ready to take action, >>>>see our list of the top 7+ precious metals IRA companies (cash sales also available).


Company Reviews Annual Fees Investment Minimums (IRA) Preferred Custodian Free Gold Kit
Goldco: Best Overall Gold IRA Company Reviews $180 $25,000 Equity Trust
Reviews $0 $50,000 Equity Trust
Reviews $180 $10,000 Equity Trust
Red Rock Secured: Best ROI Gold IRA Reviews $0 $10,000 Equity Trust
Reviews $100 $10,000 Equity Trust
Reviews $180 $10,000 Equity Trust
Reviews $80 $2,000 Equity Trust

Or, you can get a free gold investment kit from our #1 recommended precious metals investment company.

FREE Gold Kit: How To Invest Gold

Or, you can see if you qualify for their ===> get up to $10,000 in FREE silver promotion.

If not, you can go directly to Patriot Gold Group’s website.

About the Author

Stina is an entrepreneur who's passionate about personal finance, investing, and digital marketing. She's been a writer in this space for over a decade.

Frequently Asked Questions & Answers

Is investing in precious metals a good idea?

We believe it is. Throughout history, gold and silver prices have moved in the opposite direction of paper assets and can, therefore, provide a good hedge against inflation. Past performance doesn’t guarantee future gains, but the numbers show that the weaker the dollar has become in the past, the better gold generally has performed. In fact, the relationship between gold and the dollar is often seen as an inverse one.

Why starting a gold IRA?

Traditional IRA accounts may not be enough to provide for you and your loved ones, post-retirement. Not if the economy remains as uncertain as it has looked recently.
For eons, investors have looked to gold to help them potentially offset losses due to economic turmoil. A gold IRA or precious metals IRA permits you to diversify a portion of your retirement portfolio — including pre-existing IRAs and former 401k(s) with previous employers — by actually owning physical gold (and silver) within a retirement plan. As a result, you can securely possess physical precious metals in a tax-deferred account.

Should I invest in physical gold, futures options (ETFs), gold mining stocks, or gold funds?

Indirect forms of investing in gold are much riskier than physical metal. You are relying on any third party individual or company to look after your wealth for you, and depending on the company’s success or failure, you risk losing your investment. With physical gold, you are in control of your wealth. Physical gold offers you that layer of protection and security which Gold Exchange Traded Funds (ETFs), gold mining stocks and funds do not.

When investing in a gold IRA, you will get the same tax benefits as a traditional IRA, while actually owning physical gold coins or gold bars.

Do my precious metals have to be bars or can they be coins?

While some coins can be included in precious metals IRAs, only certain coins are IRS approved for inclusion in IRAs. In fact, not all bars or bullion are IRS approved. The IRS maintains a list of acceptable forms of precious metals for IRAs. You can be certain that a reputable gold IRA company offers a variety of metals for IRAs within IRS guidelines.

Can I choose any custodian and storage company to store my metals?

Yes. While established gold IRA companies often recommend Equity Trust as their preferred custodian and Delaware Depository for storage, you can choose your own custodian and storage companies.

Can I store my precious metals at home?

Non-IRA precious metals, yes. Not metals for an actual IRA. IRS rules forbid keeping your IRA precious metals at home or in a standard safety security box. They must be held by an approved non-bank trustee or a bank within IRS guidelines that restricts access. In other words, just like a traditional IRA, the access to the precious metals in your precious metals IRA must be restricted in specific ways to ensure deposit and disbursement laws are followed.

Are the values of the precious metals I buy for my IRA guaranteed?

No. Like all investments, the future value of precious metals is not guaranteed and can rise or fall based on a variety of market influences. But we believe physical precious metals are your safest bet to hedge against a stock market crash, inflation, and the debasing of the dollar.

When will I be eligible for distributions from my gold IRA?

At age 59½, you or the beneficiary of your precious metals IRA can start taking penalty-free distributions from the account, according to the IRS.

How long does it take to rollover a traditional IRA into a gold or silver IRA?

Usually around two-three weeks, although each application is different and the amount of time varies on a case-by-case basis.

What is the advantage for customers to set up an IRA with a gold IRA company as opposed to going to the custodian and setting it up with them?

The customers will receive top-notch service and specialized account setup knowledge provided by the gold IRA company’s IRA Processing Department throughout the process from start to finish. They do 95% of the paperwork with them. Customers can feel safe knowing they will be kept up to date every step of the transfer process by daily calls or e-mails from the IRA Processing team with any gold IRA company listed on How To Invest Gold. These companies also often provide lifetime account support.

Extended Gold IRA FAQ

See more frequently asked questions and answers about Gold IRAs
About How To Invest Gold

Our Mission

For over a decade, our mission has been to provide investors and retirees with all the information they need when it comes to precious metals and cryptocurrency investing.

Gold backed IRA - Goldco, Regal AssetsNot only do we provide a complete guide on the best ways to invest in precious metals, but we have also carefully vetted the best precious metals companies in the US to help you choose the best provider for your investment needs.

We believe that investing in precious metals and cryptocurrencies through your 401(k)/IRA is one of the best ways to invest in this asset class, due to the tax-saving component. A gold IRA or crypto IRA is the best way to protect your retirement account against an unstable market.

Disclaimer: The owner of this website is not licensed as an investment advisor and, accordingly, does not make any recommendations regarding clients’ personal investment portfolios. It is recommended that you carefully evaluate and research the risks and rewards associated with investing in alternative assets such as physical precious metals and cryptocurrencies before you make a purchase. Learn more in our Terms of Service.

We are happy to answer all your questions

Get in touch!

Subscribe To Our Newsletter

Leave a Reply

Don`t copy text!