Gold, silver, and other precious metals offer inflation protection and a haven during economic uncertainty. These assets can provide stability in your retirement funds, but most IRAs do not let their clients buy precious metals. Some investors want more choices for their retirement accounts than stocks and mutual funds. A self-directed IRA that offers access to precious metals can serve as a viable solution. Patriot Gold Group is an IRA provider that lets investors buy gold, silver, platinum, and palladium. The company makes gold IRAs more accessible to investors. You can save for retirement with one of their IRAs or buy precious metals directly from the company.
What is Patriot Gold Group?
Patriot Gold Group is one of the top gold IRA dealers in America. The IRA provider was founded by the Patriots and served the Patriots. Patriot Gold Group was given the Consumer Affairs Top Rated Gold & Silver Dealer award eight years in a row, from 2016 to 2023. The company was founded in 2016, and its leadership has over 50 years of combined experience. The company makes it easy to get started with gold IRAs. Representatives walk clients through the process and have simple and easy documentation. Account management is also straightforward, and Patriot Gold Group stores the gold in several secure vaults throughout the United States.
What Does Patriot Gold Group Offer?
Patriot Gold Group gives investors several ways to invest in gold and feel more confident with their holdings.
Precious Metals IRA
A retirement account with precious metals offers additional diversification and protection from economic and geopolitical events that would hurt stocks and real estate. Patriot Gold Group makes it easy to get started and allows clients to buy gold, silver, platinum, and palladium. Patriot Gold Group has an annual fee of $180, which you can get temporarily waived if you have a balance below $100,000. However, if your IRA balance exceeds $100,000, Patriot Gold Group will waive the fee for the duration of the retirement account’s existence as long as the balance stays above $100,000.
Removing the fee from your IRA can help you save thousands of dollars over the retirement account’s duration. It’s especially important to look at fees from precious metals IRA providers since it costs extra money to store precious metals. An IRA with Patriot Gold Group lets you establish a direct working relationship with an owner. This level of support can make investors feel more confident about working with the company.
Precious Metals Coins and Bullions
Some investors prefer to hold onto physical assets and store precious metals. Holding onto physical gold and other precious metals can make fees more manageable and give you more control over your asset. While owning precious metals requires more work than buying them with a custodian, it’s nice to know that Patriot Gold Group offers both choices. You can either buy precious metals from them or invest in precious metals with one of the company’s retirement accounts.
Patriot Gold Group lets investors buy gold and silver coins and bullion. The company offers free shipping and insurance. Investors can contact the company through live chat, phone, or email to learn more about prices. Patriot Gold Group lists the available coins and bullion and provides detailed descriptions for each one.
The knowledge center provides resources that give investors a better perspective of how gold and silver have performed against global currencies. The knowledge center also includes an RMD calculator that can help you avoid penalty fees when you have to withdraw from your IRA. The company also has a newsletter where investors receive expert investment insights.
Investors can also access a Gold Coin Investor Guide by entering their name, email, and phone number. The website also includes Featured Gold Market Updates, which give clients a greater understanding of what is currently happening with precious metals. If you need additional help, you can call customer support for more information. Their hours of availability are Mondays to Thursdays from 7 am to 5 pm PST and Fridays from 7 am to 3 pm PST.
Why Should You Invest in Precious Metals?
Investing in precious metals offers several advantages that are difficult to find in other assets like stocks and real estate. The United States recently experienced inflation that reached a 40-year high, and while inflation has been cooling, it’s still higher than normal. Inflation hurts the value of global currencies by reducing their purchasing power, but precious metals benefit from inflation. During inflation, more money chases the same number of goods, but precious metals have a fixed quantity. This dynamic makes precious metals less vulnerable to rising inflation.
Precious metals also hold intrinsic value and are less prone to bubbly valuations. Stocks and real estate can become significantly overvalued and give investors thin margins of safety. Even high-growth companies with good top and bottom lines can experience downturns because they rallied too much and are due for corrections. While the valuations of some stocks and real estate in a contracting economy can suggest that assets are flying too close to the sun, precious metals do not have those issues. Established companies can go out of business, but people will always need precious metals for computers, cars, jewelry, medical equipment, and other resources. Precious metals have been a unit of exchange for thousands of years, and they will continue to hold value.
The Benefits of Investing with Patriot Gold Group
Patriot Gold Group gives investors access to several precious metals, not just gold. This distinction separates them from other IRA providers that only offer gold. If you buy enough gold and other precious metals with Patriot Gold Group, you can qualify for a “No Fee for Life” Gold IRA plan.
Patriot Gold Group also has a top-notch team of representatives who can guide you on your journey. Their representatives help with opening IRAs, transferring or rolling over from one retirement account to a Patriot Gold Group IRA, and other tasks. You can even own precious metals if you buy them straight from Patriot Gold Group. You can get the tax benefits of an IRA and use extra funds to store your own gold.
Patriot Gold Group has a fast process for setting up your IRA. According to the company’s website, the process can take 24 hours. That’s a quick turnaround for the industry, and it allows investors to capitalize on precious metals more quickly.
You also have the option to buy physical gold and silver if you want more control and flexibility. Patriot Gold Group offers several types of coins and bullions that can further diversify your portfolio.
How Does Patriot Gold Group Compare?
Patriot Gold Group has an attractive fee structure that enables qualifying investors to never pay fees for life. This advantage puts Patriot Gold Group ahead of several peers, and it also has a healthy mix of precious metals available. Patriot Gold Group boasts an A+ rating from the Better Business Bureau and an average rating of 4.9 stars on over 150 Trustpilot reviews.
While Patriot Gold Group gives investors a path to zero fees, its high minimum deposit can deter some investors. Other gold IRAs have no minimum deposit requirements or ones that are much lower than what you need to open a precious metals IRA with Patriot Gold Group.
Is Patriot Gold Worth It?
Patriot Gold Group lets investors choose from several precious metals and is more affordable than other options. However, Patriot Gold Group has a minimum deposit of $25,000. That high deposit requirement doesn’t make them the most beginner-friendly gold IRA, but the company has a lot to offer if you can make that minimum deposit. While waiting to accumulate $25,000 to open a precious metals IRA, you can buy physical assets from Patriot Gold Group. Overall, strong reviews, fast service, plenty of assets, and the ability to get a no-fee precious metals IRA makes Patriot Gold Group a compelling choice.
How to Get Started with Patriot Gold Group
Patriot Gold Group has a straightforward process that begins with its “Open A Precious Metals IRA” tab. When you click on that button, you will get led to a page that invites you to get started with a precious metals IRA. After reading the page and clicking “Get Started,” you will get sent to a gold IRA application. You will have to provide personal information about yourself, list your beneficiaries, identify your source of funds, and then wrap up the application process with transfer instructions. The application process only takes a few minutes, and Patriot Gold Group can have your IRA set up in as little as 24 hours.