Patriot Gold Group Review: Pros, Cons, Fees {2024 Update}

Disclaimer: This is not financial advice. We recommend consulting with a professional for guidance specific to your situation. We may earn a small referral fee for some of the companies mentioned in this post.

Last Updated: November 16, 2023

In the world of precious metals investing, the name “Patriot Gold Group” often comes up as a trusted and reputable source.

With the increasing uncertainty in global markets, many investors are turning to tangible assets like gold and silver to safeguard their wealth.

This review delves deep into the offerings of the Patriot Gold Group, providing potential investors with a comprehensive review to make informed decisions.

Patriot Gold Group Key Highlights

  • Established Reputation: With years of experience in the industry, Patriot Gold Group has built a solid reputation for its expertise and customer service.
  • Diverse Product Range: From gold and silver to platinum and palladium, the company offers a wide variety of precious metals products.
  • IRA Specialization: Patriot Gold Group stands out for its specialized Precious Metals IRA services, allowing investors to secure their retirement with tangible assets.

free gold investing kit

What is Patriot Gold Group?

Patriot Gold Group is a renowned precious metals dealer that has consistently been recognized for its excellence in the industry. With accolades such as being awarded Consumer Affairs Top Rated Gold & Silver Dealer nationwide for five consecutive years (2016-2020), the company has solidified its position as a trusted name in the realm of precious metals investment.

The company’s primary objective is to offer clients the unique opportunity to work directly with the owners of the firm, ensuring a personalized and transparent experience. With a combined experience of over 50 years in the markets, Patriot Gold Group takes pride in its educated approach to investing in precious metals. This approach is rooted in the belief that clients should be well-informed and comfortable with their investment decisions, especially when it comes to preserving their wealth and planning for retirement.

One of the standout features of Patriot Gold Group is its commitment to client satisfaction, education, retention, and customer service. The senior partners of the company have held significant roles at some of the largest retail and wholesale precious metals firms nationwide. They identified a gap in the industry concerning client satisfaction and customer service, which led to the establishment of Patriot Gold Group. Their vision was to create a company that prioritizes the needs of its clients, ensuring they receive the best possible service and guidance.

Furthermore, the company emphasizes the importance of direct client relationships. At Patriot Gold Group, clients never pay retail prices and always have the opportunity to work directly with the owners. This direct relationship ensures competitive pricing on gold and silver and eliminates the need for multiple layers of executive and shareholder compensation. The company’s motto, “We Are Patriots Serving Patriots!”, reflects its dedication to serving its clients with integrity and commitment.

The leadership team at Patriot Gold Group is comprised of industry veterans with extensive experience and knowledge. For instance, Jack Hanney, the Chief Executive Officer, has over 20 years of experience in the markets and has held various prestigious roles in the finance sector. Similarly, other members of the team, such as Mike Celano (Senior Partner), Charley Chartoff (Senior Partner), and several associates, bring a wealth of experience and expertise to the table.

Patriot Gold Group is a leading precious metals dealer that stands out for its client-centric approach, competitive pricing, and commitment to education and transparency. With a team of seasoned professionals and a track record of excellence, the company offers a safe and informed platform for those looking to invest in precious metals.

Patriot Gold Group Precious Metals IRA

patriot gold group logo

The concept of investing in precious metals, particularly within an Individual Retirement Account (IRA), has gained significant traction over the years. This is primarily due to the tangible nature of precious metals, which can act as a hedge against economic uncertainties, inflation, and volatile market conditions.

Patriot Gold Group offers a specialized service in this domain, known as the Precious Metals IRA.

The Patriot Gold Group website highlights the unpredictable nature of the global economy, especially in light of recent events such as the 2020 pandemic. Such events have led to significant economic contractions, business closures, unemployment, and various other challenges. Amidst these uncertainties, the stock market experienced dramatic fluctuations, with a sharp decline followed by a surge to all-time highs. These market dynamics underscore the inherent risks associated with traditional stock market investments.

Given this backdrop, the value proposition of a Precious Metals IRA becomes even more evident.

  1. Economic Volatility: The year 2020 saw unprecedented events, from a global pandemic that led to the steepest economic contraction since the Great Depression to widespread business closures and unemployment. Additionally, there were violent protests in many American cities, significant stock market fluctuations, and substantial monetary interventions by the U.S. Federal Reserve and Congress.
  2. Stock Market Dynamics: Despite the challenges of 2020, the stock market soared 68% from its March lows, reaching new all-time highs. Such rapid recoveries, while positive, also highlight the volatile nature of stock investments. The content suggests that the U.S. stock market is currently at its most expensive valuation in history, surpassing even the 1929 and 2000 market tops.
  3. Valuation Metrics: Metrics such as the S&P 500 price-to-sales (P/S) ratio and the ratio of total U.S. market cap to U.S. gross domestic product (GDP) indicate that stocks are currently overvalued. Historically, high values of these metrics have correlated with poor market performance over subsequent years.
  4. Future Projections: Some experts, like John Hussman, believe that the current market cycle could see a significant loss in the S&P 500, potentially in the range of 65-70%. Such projections, while speculative, emphasize the need for diversification and risk mitigation in investment portfolios.
  5. The Precious Metals IRA Advantage: In light of the above factors, a Precious Metals IRA offers a tangible and stable investment alternative. By diversifying a portion of one’s retirement savings into precious metals like gold and silver, investors can potentially safeguard their wealth from stock market volatility and economic downturns.

In conclusion, while the stock market offers potential for high returns, it also comes with inherent risks, especially in times of economic uncertainty. Patriot Gold Group’s Precious Metals IRA provides investors with an opportunity to diversify their portfolios, offering a more balanced approach to retirement planning and wealth preservation.

How to Open a Patriot Gold Group IRA

Opening a Precious Metals IRA with Patriot Gold Group is a strategic move for those looking to diversify their retirement savings and protect their wealth from potential economic downturns and market volatility.

Here’s a a step-by-step guide on the exact process of opening an IRA with Patriot Gold Group:

  1. Initial Consultation: Reach out to Patriot Gold Group for an initial consultation. This will allow you to discuss your investment goals, understand the benefits of a Precious Metals IRA, and get answers to any questions you might have.
  2. Choose the Right Metals: Patriot Gold Group offers a variety of precious metals, including gold, silver, platinum, and palladium. Based on your investment goals and risk tolerance, select the metals that align with your objectives.
  3. Complete the Application: Fill out the necessary paperwork to open your IRA account. This will typically include personal information, beneficiary designations, and other relevant details.
  4. Fund Your IRA: Once your account is set up, you can fund it. This can be done through a direct transfer from an existing IRA, a 401(k) rollover, or a direct contribution.
  5. Purchase Precious Metals: With your funded IRA, you can now purchase the precious metals of your choice. Patriot Gold Group will assist you in this process, ensuring you get competitive pricing and authentic products.
  6. Secure Storage: Patriot Gold Group will provide options for the secure storage of your precious metals. This ensures the safety and integrity of your investment.
  7. Regular Account Management: Periodically review your IRA, rebalance your precious metals portfolio if necessary, and ensure that your investment aligns with your retirement goals.
  8. Stay Informed: Patriot Gold Group emphasizes client education. Stay updated with market trends, insights, and other relevant information to make informed decisions about your Precious Metals IRA.

Interested in learning more about a opening a gold IRA? Grab a free Gold IRA investing kit below:

Top Reasons to Consider a Gold IRA

materials from Goldco's investing kit

A Gold Individual Retirement Account (IRA) is a specialized type of IRA that allows investors to hold physical gold, among other precious metals, as a part of their retirement portfolio. Over the years, Gold IRAs have gained popularity due to the unique benefits they offer in comparison to traditional IRAs that hold paper assets. Here are the top reasons to consider a Gold IRA:

  1. Hedge Against Inflation: One of the primary reasons investors turn to gold is its reputation as an inflation hedge. When fiat currencies lose value, historically, gold tends to retain its purchasing power, making it a reliable asset during inflationary periods.
  2. Diversification: A diversified portfolio is a cornerstone of risk management in investing. By adding gold to your retirement portfolio, you introduce an asset that doesn’t correlate directly with stock markets, thereby potentially reducing the overall risk.
  3. Protection Against Economic Uncertainties: Gold has been considered a “safe-haven” asset for centuries. In times of economic downturns, geopolitical tensions, or financial market crashes, gold often outperforms other assets, providing a safety net for investors.
  4. Tangible Asset: Unlike stocks or bonds, gold is a tangible asset. This means you can hold, store, and see your investment, which provides a sense of security to many investors.
  5. Potential for Growth: While gold is often viewed as a defensive asset, it also has the potential for significant growth. Factors like increased demand in technology, jewelry, and by central banks can drive gold prices higher.
  6. Tax Benefits: A Gold IRA offers similar tax advantages to a traditional IRA. This includes potential tax-deferred growth, meaning you won’t pay taxes on the gains until you make withdrawals during retirement.
  7. Protection Against Currency Fluctuations: Gold is priced in U.S. dollars globally, but its value is recognized universally. This makes gold a viable protection against currency devaluations and fluctuations.
  8. Limited Supply: Gold cannot be manufactured, and its supply is limited. As mining becomes more challenging and demand continues to grow, the scarcity principle suggests that gold prices could rise.
  9. Global Demand: Gold has a global market that is influenced by factors ranging from interest rates in major economies to cultural celebrations in Asia. This global demand ensures liquidity and a market for selling when needed.
  10. Legacy and Wealth Preservation: Many investors view gold not just as an investment but also as a way to preserve wealth for future generations. Its enduring value makes it a popular choice for legacy planning.

While all investments come with risks, a Gold IRA offers a unique set of advantages that can act as both a growth opportunity and a protective measure in a diversified portfolio.

As always, it’s essential to consult with financial advisors and conduct thorough research before making any investment decisions.

Patriot Gold Group Precious Metals Products

1. Gold

At the time of analysis, the Patriot Gold Group offers a variety of gold products on their website. Here are some key points:

  • Gold Coins: The website showcases a range of gold coins. Some of the notable ones include the American Gold Eagle, the Canadian Gold Maple Leaf, and the South African Gold Krugerrand. These coins are popular choices among investors and collectors alike due to their purity, design, and historical significance.
  • Gold Bars: Gold bars are another product category available. They come in various sizes and weights, catering to different investment needs. Bars are often chosen for their straightforward value and ease of storage.
  • Pricing: The website provides real-time pricing for gold, allowing potential buyers to make informed decisions based on current market conditions. This transparency is crucial for investors who want to time their purchases effectively.
  • IRA-Eligible Gold: The Patriot Gold Group also offers IRA-eligible gold products. This means that certain gold items can be included in an Individual Retirement Account (IRA), providing tax advantages for retirement savers.

2. Silver

The Patriot Gold Group’s silver offerings are as diverse and attractive as their gold products. Here’s a breakdown:

  • Silver Coins: The website displays a variety of silver coins, including the American Silver Eagle, the Canadian Silver Maple Leaf, and the South African Silver Krugerrand. These coins are renowned for their design, purity, and investment potential.
  • Silver Bars: Just like gold, silver bars are available in different sizes and weights. They are a popular choice for those looking to invest in bulk and want a straightforward value proposition.
  • Pricing: Real-time pricing for silver is also provided on the website. This feature ensures that buyers are always aware of the current market rate, helping them make timely investment decisions.
  • IRA-Eligible Silver: The website mentions IRA-eligible silver products. This indicates that certain silver items can be incorporated into an Individual Retirement Account, offering tax benefits to those planning for retirement.

The Patriot Gold Group offers a comprehensive range of precious metal products, catering to both seasoned investors and newcomers. Their real-time pricing and IRA-eligible products make them a go-to choice for many looking to diversify their investment portfolios with gold and silver.

Patriot Gold Group Ratings and Reviews

a screengrab of Patriot Gold Group's BBB rating

When considering an investment in precious metals or choosing a company to manage a precious metals IRA, it’s essential to look at the ratings and reviews of the company in question. This provides insight into the company’s reputation, customer service, and overall reliability. Let’s delve into the ratings and reviews of the Patriot Gold Group:

  1. Industry Recognitions:
    • Many industry-specific websites and organizations rate and review precious metal dealers and IRA custodians. It’s worth checking if Patriot Gold Group has received any awards or recognitions from such entities.
  2. Customer Reviews:
    • Positive Feedback: Look for reviews that praise the company’s knowledgeable staff, seamless transaction processes, transparent pricing, and prompt delivery. Positive reviews can attest to the company’s commitment to customer satisfaction.
    • Constructive Criticism: No company is perfect. Some reviews might offer constructive feedback, which can be valuable for potential customers to understand any challenges they might face and how the company addresses them.
  3. Third-party Review Sites:
    • Websites like Trustpilot, Better Business Bureau (BBB), and Yelp often feature reviews for businesses, including precious metal dealers. These platforms can provide a balanced view of the company’s performance.
    • It’s also worth noting the company’s response to negative reviews on these platforms. A company that actively addresses concerns demonstrates its commitment to customer service.
  4. Ratings:
    • Many review sites provide a numerical or star rating system. A high average rating indicates general customer satisfaction, while a lower rating might suggest areas of improvement.
    • Remember to consider the number of reviews. A 5-star rating based on hundreds or thousands of reviews is more indicative of consistent performance than a 5-star rating based on a handful of reviews.
  5. Testimonials:
    • Some companies, including Patriot Gold Group, might feature testimonials on their website. While these are often positive, they can provide insight into specific areas where the company excels.
  6. Transparency:
    • Reviews can also shed light on the company’s transparency, especially concerning fees, pricing, and the buyback process. Transparency is crucial in the precious metals industry, as it ensures customers are getting fair value.
  7. Recommendations:
    • Referrals and recommendations from trusted sources, such as financial advisors or friends who have used the company’s services, can also serve as a form of review.

While the specific ratings and reviews for Patriot Gold Group would need to be sourced from the aforementioned platforms and methods, it’s clear that reviews play a crucial role in establishing trust and credibility in the precious metals industry. Before making any investment decisions, always conduct thorough research and consider multiple sources of feedback.

Patriot Gold Group Pros and Cons

When considering any investment firm or precious metals dealer, it’s essential to weigh the pros and cons to make an informed decision. Based on general industry knowledge and the information provided about Patriot Gold Group, here’s a breakdown of potential pros and cons:


  1. Established Reputation: With years in the industry, Patriot Gold Group has built a reputation for expertise and reliability. Their consistent recognition in consumer affairs and other platforms can be a testament to their standing in the market.
  2. Diverse Product Range: Offering a wide variety of precious metals, including gold, silver, platinum, and palladium, allows investors to diversify their portfolios according to their preferences and risk tolerance.
  3. IRA Specialization: Their focus on Precious Metals IRAs provides investors with a unique opportunity to secure their retirement with tangible assets, offering potential tax advantages and a hedge against market volatility.
  4. Transparent Pricing: Real-time pricing and transparent fee structures ensure that investors are always aware of their investment costs, eliminating any hidden surprises.
  5. Educational Resources: Patriot Gold Group emphasizes client education, ensuring that investors are well-informed about market trends, the benefits of precious metals, and investment strategies.
  6. Personalized Service: The opportunity to work directly with the owners and experienced professionals ensures a tailored investment experience, catering to individual needs and goals.
  7. Secure Storage Options: Offering both domestic and international secure storage options ensures the safety and integrity of the investor’s precious metals.


  1. Minimum Investment Requirements: Some investors might find the minimum investment thresholds to be a barrier, especially those looking to start with a smaller amount.
  2. Limited International Operations: While they offer international storage options, their primary focus might be on the U.S. market, potentially limiting services for international investors.
  3. Market Fluctuations: Like all investments, the value of precious metals can fluctuate. While this isn’t a con specific to Patriot Gold Group, it’s essential for investors to be aware of market dynamics.
  4. Physical Asset Management: Managing physical assets like gold and silver can be different from managing paper assets. There might be considerations related to storage, insurance, and liquidity that some investors are not accustomed to.
  5. Fees: While they offer transparent pricing, the fees associated with storage, insurance, and management of a Precious Metals IRA might be higher than those of traditional IRAs.

While Patriot Gold Group offers numerous advantages for those looking to invest in precious metals or set up a Precious Metals IRA, it’s essential to consider potential drawbacks. As always, potential investors should conduct thorough research, consult with financial advisors, and consider their individual circumstances before making any investment decisions.

Tips for Deciding if Patriot Gold Group is Right for You

Choosing the right precious metals dealer or investment firm is a crucial decision that can significantly impact your financial future. When considering Patriot Gold Group or any other company, it’s essential to evaluate various factors to determine if they align with your investment goals and preferences. Here are some tips to help you decide if Patriot Gold Group is the right fit for you:

  1. Define Your Investment Goals:
    • Start by understanding your investment objectives. Are you looking for short-term gains, long-term wealth preservation, or diversifying your retirement portfolio? Knowing your goals will help you assess if Patriot Gold Group’s offerings align with your needs.
  2. Research and Reviews:
    • Dive deep into customer reviews on platforms like Trustpilot, Better Business Bureau, and other review sites. Look for consistent themes in feedback, both positive and negative.
    • Consider the company’s response to negative reviews. A proactive approach to addressing concerns indicates a commitment to customer satisfaction.
  3. Product Range:
    • Evaluate the range of products offered by Patriot Gold Group. Do they provide the specific precious metals or coin types you’re interested in?
  4. Pricing and Fees:
    • Understand the company’s pricing structure. Are their prices competitive? Are there any hidden fees or charges that might affect your investment?
  5. Educational Resources:
    • A company that prioritizes investor education can be a valuable partner. Check if Patriot Gold Group offers resources, guides, or insights that can help you make informed decisions.
  6. Consultation:
    • Reach out to the company for a consultation. The quality of customer service, the knowledge of the representatives, and their willingness to answer your questions can give you a sense of the company’s ethos.
  7. IRA Specialization:
    • If you’re specifically interested in a Precious Metals IRA, assess the company’s expertise in this area. Do they offer seamless IRA setup, rollover processes, and guidance on tax implications?
  8. Storage and Security:
    • Investigate the storage options provided by the company. Are they secure? Are there both domestic and international options? What are the associated costs?
  9. Liquidity and Buyback Policy:
    • Understand the company’s buyback policy. If you decide to liquidate your assets, how easy is the process? Are there any fees or penalties?
  10. Personal Comfort:
  • Trust your instincts. After all your research and interactions, do you feel comfortable and confident in partnering with Patriot Gold Group?

Deciding if Patriot Gold Group is right for you involves a combination of research, introspection, and due diligence. By considering the above tips and evaluating your personal investment goals, you can make an informed decision that aligns with your financial objectives.

free gold investing kit


Patriot Gold Group stands out as a trusted name in the precious metals industry. With its diverse product range, specialized IRA services, and a commitment to customer satisfaction, the company offers a comprehensive solution for investors looking to diversify their portfolios with tangible assets.


  1. How does Patriot Gold Group ensure the authenticity of its products?
    • All products undergo rigorous testing and come with certification to guarantee authenticity.
  2. What are the storage options offered by Patriot Gold Group?
    • The company provides both domestic and international secure storage options for its clients.
  3. Can I transfer my existing IRA to a Precious Metals IRA with Patriot Gold Group?
    • Yes, the company offers a seamless transfer process for those looking to convert their traditional IRAs.