Is Patriot Gold Group Legit? – Or a Scam Gold Dealer?

Is Patriot Gold Group Legit

In this article, we delve into the question, “Is Patriot Gold Group Legit?”—providing an informative and objective assessment of this prominent player in the precious metals industry.

Company: Patriot Gold Group


Owner: Mike Celano

Who is it for: Retirees, precious metals investors


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Many individuals seek secure investment options to safeguard their wealth in today’s uncertain economic landscape. One avenue that has garnered attention is investing in precious metals like gold and silver.

However, with numerous companies offering such services, evaluating their legitimacy and trustworthiness becomes crucial.

Patriot Gold Group is a reputable company established as a leading gold and silver coin dealer. Renowned as Consumer Affairs’ top-rated gold and silver coin dealer in 2016 and 2017, Patriot Gold Group has captured the attention of investors seeking to diversify their portfolios and explore the potential of precious metals.

Patriot Gold Group provides diverse services customized to suit its clientele’s specific requirements, focusing on aiding investors in establishing gold Individual Retirement Accounts (IRAs). These IRAs offer tax advantages and allow individuals to invest in precious metals.

At the helm of Patriot Gold Group is Jack Hanney, the Chief Executive Officer (CEO). With extensive experience in the precious metals industry, Hanney brings a wealth of knowledge and expertise to the company.

His leadership has been pivotal in shaping Patriot Gold Group’s reputation as a trusted name, ensuring customers receive reliable guidance and access to high-quality products and services.

How Does Patriot Gold Group Work?

The process is simple and straightforward to get started with Patriot Gold Group.

Firstly, interested individuals must create an account on the Patriot Gold Group website. This involves providing basic information about themselves to initiate the account setup process.

After establishing an account, investors are granted access to an extensive array of products and services Patriot Gold Group provides. They can explore the available options, including gold and silver IRAs and physical precious metals.

Patriot Gold Group provides step-by-step guidance for those interested in opening a gold or silver IRA. Investors can consult with their knowledgeable representatives, who will assist in setting up the self-directed IRA account and help navigate through the tax-deferred investment process.

They will also facilitate the purchase of the desired precious metals, ensuring a seamless and efficient experience.

Patriot Gold Group simplifies the process for individuals looking to purchase physical precious metals outright. Customers can easily browse their extensive selection of gold and silver coins and bars on the company’s website.

Placing an order is straightforward, allowing investors to acquire the desired physical metals for investment or personal use.

Throughout the entire process, Patriot Gold Group emphasizes providing excellent customer service.

Their experienced representatives are available to address investors’ questions or concerns, whether clarifying product specifications, explaining investment options, or assisting with account management. Their dedicated customer support team provides the necessary guidance.

By following these simple steps and leveraging the expertise of Patriot Gold Group, investors can confidently navigate the world of precious metals and make informed decisions that align with their investment goals.

Opening a Precious Metal IRA Account

Opening a precious metal Individual Retirement Account (IRA) with Patriot Gold Group involves a simple three-step process.

Contact PGG Experts: The first step is to contact Patriot Gold Group’s team of experts. By filling out a form on their website or contacting them directly, investors can request a complimentary Gold IRA Investor Guide and speak with a representative.

This initial consultation allows individuals to gain valuable insights into the process and ask any questions they may have.

Transfer or Roll Over Once investors have decided to proceed, Patriot Gold Group’s 401(k) and IRA Rollover departments provide step-by-step guidance through the tax-free transfer process.

They assist in transferring funds from an existing retirement account into a self-directed precious metal IRA. This ensures a smooth transition without any tax implications.

Own Precious Metals: Patriot Gold Group helps investors buy and store their precious metals after the self-directed IRA account is funded. With access to a diverse range of gold and silver options, investors can select the coins or bars that align with their investment preferences.

Patriot Gold Group ensures a seamless process for purchasing the desired precious metals. It facilitates secure storage to safeguard investments.

Benefits of Owning a Precious Metal IRA Account

Opening a precious metal IRA account with Patriot Gold Group offers numerous benefits for investors.

Hedge against inflation: Historically, precious metals like gold and silver have demonstrated their efficacy as a hedge against inflation. As the value of fiat currencies fluctuates, the inherent stability and scarcity of precious metals can help protect one’s wealth from the erosive effects of inflation.

Diversification: Including precious metals in an investment portfolio provides diversification, reducing overall risk exposure. Precious metals often have a low correlation with traditional financial assets like stocks and bonds, allowing investors to spread their risk and potentially mitigate losses during market downturns.

Control: With a self-directed precious metal IRA, investors have control over their investment decisions. They can choose the specific types and quantities of precious metals to include in their portfolio, giving them the power to align their investment strategy with their goals and preferences.

Potential for growth: Gold and silver have shown growth potential over the long term. Historical data indicate that precious metals have often increased in value, providing opportunities for capital appreciation and wealth accumulation.

Security: Owning physical precious metals within a self-directed IRA or in one’s possession offers a tangible and secure asset. Precious metals can safeguard against weak-performing purchases and provide stability during economic uncertainty.

Freedom: Investing in a precious metal IRA can allow individuals to grow their wealth on their terms. With proper guidance from Patriot Gold Group and the inherent benefits of owning precious metals, investors can enhance their financial independence and work toward their financial goals.

By opening a precious metal IRA account with Patriot Gold Group, investors gain access to these benefits while leveraging the expertise and support of a reputable company dedicated to helping individuals navigate the world of precious metals.

Services and Products Offered

Patriot Gold Group offers a comprehensive range of services and products tailored to meet the diverse needs of investors.

Regarding investment options, Patriot Gold Group specializes in helping individuals open self-directed gold or silver Individual Retirement Accounts (IRAs).

These IRAs allow investors to invest in precious metals while enjoying the tax advantages associated with traditional IRAs.

Individuals can enhance the diversification of their retirement portfolios and potentially mitigate economic uncertainties by establishing a gold or silver IRA through Patriot Gold Group.

In addition to their IRA services, Patriot Gold Group also offers the option to purchase physical gold and silver coins and bars. These tangible assets can serve as a store of value, allowing individuals to own and hold physical precious metals.

The company’s extensive selection includes renowned options, such as The Royal Mint’s Mayflower Gold Bullion Coin and the United States Mint’s Gold American Eagle and Gold American Buffalo coins.

Regarding silver, Patriot Gold Group provides a range of options to cater to different preferences. Investors can access diverse silver products, from The Royal Mint’s Mayflower 1oz Silver Bullion Coin to the United States Mint’s Silver Kennedy Half Dollar and Silver American Eagle coins.

Additionally, the company offers silver rounds, bars, and even antique silver coins for those looking to add a unique touch to their precious metals portfolio.

Patriot Gold Group offers secure storage options to ensure the safety and security of investors’ precious metals. Partnerships with leading security companies like Brink’s provide investors with peace of mind knowing that their physical metals are stored in highly secure facilities.

Moreover, Patriot Gold Group understands the importance of education in the precious metals market. They provide educational resources to aid investors in comprehending the complexities of investing in gold and silver.

These resources encompass market trends, historical performance, and the advantages of owning precious metals, enabling investors to make well-informed decisions regarding their investment strategies.

Why Choose Patriot Gold Group?

When considering a precious metals dealer, there are several compelling reasons why individuals choose Patriot Gold Group.

Smooth Paperwork and Simple Account Management

Patriot Gold Group understands that navigating the paperwork and account management processes can be overwhelming for investors. With their team of professionals, they offer expert guidance to open a Gold IRA account with straightforward documentation.

This ensures a seamless experience, allowing investors to focus on their investment goals rather than getting caught up in administrative complexities. Moreover, once the Gold IRA account is opened, Patriot Gold Group’s professionals manage it automatically, ensuring clients a hassle-free account management experience.

Secure Vault and Home Safe Storage Options

The safety and security of precious metals are paramount, and Patriot Gold Group excels in this area. They provide secure vault storage services in different parts of the USA, allowing clients to store their valuable metals in highly protected facilities.

These facilities are operated by reputable security companies, guaranteeing the utmost security for investors’ holdings. Additionally, for those account holders who prefer keeping their gold metals at home, Patriot Gold Group assists in selecting outstanding service for their individual needs, ensuring safe storage options for all types of investors.

Benefits of Owning Gold and Silver

Investing in gold and silver through Patriot Gold Group offers a range of benefits. Firstly, gold and silver act as a hedge against inflation, which is a concern for many investors. These precious metals have proven to maintain or increase in value over time, safeguarding against the erosion of purchasing power caused by inflationary pressures.

Secondly, owning gold and silver allows for diversification within investment portfolios. Markets are cyclical, and historical events, such as the 2008 financial crisis, have demonstrated the importance of diversifying investments beyond traditional assets.

By incorporating gold and silver, investors can reduce risk exposure and protect their wealth during market downturns.

Furthermore, gold and silver have demonstrated strong performance compared to the Dow Jones Industrial Average over the past 12 years. This track record of outperforming stocks highlights precious metals’ potential for growth and capital appreciation.

Lastly, gold and silver provide security and stability. These tangible assets counterbalance weak-performing assets in a world of economic uncertainties, ensuring a balanced and resilient portfolio.

Customer Reviews and Ratingspatriot gold group reviews

When choosing a reputable precious metals dealer like Patriot Gold Group, customer reviews, and ratings play a crucial role. Patriot Gold Group has garnered positive feedback from clients.

The Better Business Bureau rates them with a five-star rating based on one review and zero complaints, maintaining an A+ rating since becoming a member in April 2022. On the Business Consumer Alliance website, they hold a perfect five-star rating based on 17 reviews and zero complaints.

Their membership since 2016 and AA rating further demonstrate their commitment to customer satisfaction. Trustpilot reviews show an average rating of 4.9 based on 110 reviews, indicating high customer trust and satisfaction.

The smooth paperwork, simple account management, secure storage options, the benefits of owning gold and silver, and positive customer reviews make Patriot Gold Group an appealing choice for individuals looking to invest in precious metals.

Features of Patriot Gold Group

Patriot Gold Group offers several key features that set them apart in the precious metals industry:

Low fees for gold and silver IRAs: Patriot Gold Group prides itself on providing gold and silver IRAs with low fees. This ensures that investors can maximize their investment returns without incurring excessive costs.

Wide selection of products: Patriot Gold Group offers investors a wide selection with a vast array of products. They provide options catering to different investment preferences, including gold and silver coins and bars. This extensive range enables investors to diversify their holdings and find products that align with their investment goals.

Secure storage and experienced customer service: Patriot Gold Group understands the importance of secure storage for precious metals. They offer secure vault storage options operated by reputable security companies, ensuring that investors’ metals are well-protected. Additionally, their experienced customer service team can readily address inquiries, provide guidance, and ensure a positive customer experience.

Contacting Support

Patriot Gold Group ensures investors can access their support team whenever assistance is needed. Let’s explore the various contact methods for contacting their dedicated support representatives.

Live Chat: Patriot Gold Group offers a convenient live chat feature on its website. This real-time messaging platform allows investors to engage directly with a representative, asking questions, seeking guidance, or clarifying concerns. The live chat feature offers a prompt and efficient means of obtaining assistance, eliminating the need for phone calls or emails.

Phone: For individuals who prefer more personalized communication, Patriot Gold Group provides a phone number that can be found on their website.

By calling their dedicated support line, investors can speak directly with a knowledgeable representative who can address inquiries, provide detailed information, and guide them through the investment process.

The phone option allows for a more interactive and in-depth conversation, ensuring investors receive the necessary support tailored to their needs.

Email: Investors also have the option to contact Patriot Gold Group via email. By composing an email and sending it to the designated email address provided on their website, individuals can communicate their queries, requests, or concerns in writing. Email communication is convenient for individuals who prefer a documented record of their correspondence or for those who prefer a more asynchronous means of communication.

By offerig multiple contact methods, Patriot Gold Group ensures that investors can choose the most suitable option based on their preferences and convenience.

This accessibility highlights their commitment to providing prompt and responsive support, enhancing the customer experience.

Fees for a Gold or Silver IRA

Investing in a gold or silver Individual Retirement Account (IRA) with Patriot Gold Group entails specific fees. In detail, let’s explore the costs associated with a gold or silver IRA.

Patriot Gold Group offers Investor Direct Pricing, distinguishing them from other metal dealers. Patriot Gold Group adopts a different fee structure, unlike some dealers who charge a fee as a percentage of the client’s precious metals order.

Instead, Patriot Gold Group charges a setup fee of $225 for all new precious metals IRAs. However, it’s important to note that this fee is forfeited if the investment amount exceeds $30,000. This setup fee covers the administrative processes of establishing and maintaining the precious metal IRA account.

Patriot Gold Group provides fee waivers and benefits based on the investment amount, allowing investors to maximize their investment potential.

Patriot Gold Group waives the storage fees for investors meeting the minimum investment requirements for the first three years. This offers a cost-saving advantage, allowing investors to allocate their funds more effectively.

Additionally, in some instances, Patriot Gold Group repays the $260 rollover fee that customers are charged in the first year. Further, this approach effectively reduces the initial expenses of transferring funds from a current retirement account to a precious metal IRA.

Furthermore, investors with a minimum balance of $250,000 are eligible for Patriot Gold Group’s No Fee for Life IRA. This exclusive perk allows investors to enjoy fee-free account management, ensuring their investment growth is not hindered by ongoing fees.

By considering the setup fees, fee waivers, and investment-based benefits, investors can make well-informed decisions that are arrayed with their financial goals and budget.

Minimum Investment Requirements

When considering investing with Patriot Gold Group, it’s essential to know the minimum investment requirements for gold and silver IRAs and physical precious metals.

In terms of gold and silver IRAs: For individuals looking to open a gold or silver Individual Retirement Account (IRA) with Patriot Gold Group, the minimum investment requirement is typically $5,000. This minimum investment threshold ensures that investors have sufficient funds to allocate toward their precious metals holdings within the IRA.

Please be aware that the minimum investment requirement may differ based on individual circumstances and the specific products selected. It’s advisable to consult with Patriot Gold Group’s representatives to receive accurate and up-to-date information on the minimum investment requirements for gold and silver IRAs.

In terms of physical precious metals: Patriot Gold Group offers flexibility in minimum investment requirements when purchasing physical precious metals outright, such as gold and silver coins or bars.

While there is no set minimum investment amount for physical precious metals, it’s important to consider practical factors. The cost of individual coins or bars and associated fees should be regarded to determine the minimum investment that aligns with an investor’s goals and budget.

Patriot Gold Group caters to a wide range of investors, from those starting with smaller investments to those looking to make more significant acquisitions. Their diverse product selection allows individuals to choose according to their financial capabilities and desired investment strategies.


Is Patriot Gold a legitimate company?

Yes, Patriot Gold Group is a legitimate company. It stands out for its unique features, such as low fees, a wide selection of products, secure storage options, and experienced customer service.

They have established a reputation for reliability and customer satisfaction with positive customer reviews and ratings. Investors can trust Patriot Gold Group for their precious metals investments based on their track record and the benefits they offer.

Which company is best for digital gold?

There are several top companies for digital gold. Some popular options include MMTC-PAMP, SafeGold, Zebpay, and GoldEasy. It’s essential to research and compare their offerings before making a decision.

Is it safe to buy digital gold?

Yes, buying digital gold is safe if you choose a reputable company. You purchase a claim on physical gold stored in secure vaults. The company is responsible for storage and provides you with a certificate of ownership.

Can digital gold be transformed into physical gold?

Yes, digital gold can be converted to physical gold. You can request the company you bought from to send you the physical gold, although there may be associated fees.

What is the use of digital gold?

Digital gold offers benefits such as hassle-free ownership, no storage or insurance concerns, liquidity for quick selling, and acting as a hedge against inflation due to gold’s historical value when currency devalues.

Risks of Investing in Precious Metals

While investing in precious metals can offer numerous benefits, it’s essential to understand the associated risks.

One of the primary risks of investing in precious metals is the potential for price fluctuations. Market conditions, global economic trends, and investor sentiment can influence the instability of gold, silver, and other precious metal prices.

These price fluctuations can result in potential losses for investors if the value of their precious metals holdings decreases.

The worth of precious metals is affected by supply and demand, influenced by both short-term market trends and long-term economic factors. It is crucial to acknowledge this aspect.

Therefore, investors should be prepared for the possibility of price fluctuations and be willing to hold their precious metals investments long-term to benefit from overall price appreciation over time.

Additionally, investors should consider the liquidity of precious metals. While gold and silver are generally considered highly liquid assets, there may be instances where selling the metals at a desired price becomes challenging, especially during periods of market volatility or economic uncertainty.

This lack of immediate liquidity could impact an investor’s ability to convert their precious metals holdings into cash when needed.

To mitigate these risks, it is recommended that investors diversify their portfolios beyond precious metals and maintain a long-term investment perspective.

Investors can reduce the impact of price fluctuations on their investment performance by diversifying their holdings across various asset classes and staying knowledgeable about market trends.

Alternative Options

While Patriot Gold Group is a reputable company, exploring alternative options in the precious metals industry is always beneficial. Let’s take a closer look at some noteworthy alternatives:

See our #1 Recommended alternative here


Goldco is a full-service precious metals dealer known for its various products, including coins, bars, rounds, and IRAs. They have a strong reputation for customer service and provide educational resources to support investors. Goldco offers a comprehensive precious metals solution for diversifying their portfolios with gold and silver investments.

American Bullion

With over 20 years of experience, American Bullion is a well-established precious metals dealer. They offer diverse products, including coins, bars, rounds, and IRAs. American Bullion is known for its competitive prices, vital customer service, and trusted reputation in the industry.


APMEX is the largest online precious metals dealer globally, offering various products, including coins, bars, rounds, and IRAs. They stand out for their extensive inventory, competitive prices, and reputation for quality and reliability. APMEX is preferred for investors seeking a wide selection of products and competitive pricing.

JM Bullion

JM Bullion is a well-respected precious metals dealer with over 20 years of experience. They offer diverse products, including coins, bars, rounds, and IRAs. JM Bullion is known for its excellent customer service, transparent pricing, and commitment to providing investors with a trusted and reliable service.


GoldSilver specializes in selling gold and silver coins and bars, both modern and antique. They are known for their educational resources and commitment to customer service. GoldSilver provides a reputable option for investors purchasing gold and silver coins and bars to diversify their portfolios.

Exploring these alternative options allows investors to compare services, prices, and product offerings to make informed decisions that align with their investment goals and preferences.


In the end, Patriot Gold Group emerges as a legitimate and reputable option for individuals looking to invest in precious metals. With its low fees, a wide selection of products, secure storage options, and experienced customer service, it stands out among its competitors.

The company’s focus on smooth paperwork, simple account management, and customer satisfaction further enhances its appeal. While there are alternative options in the market, Patriot Gold Group’s positive customer reviews and ratings, combined with its unique features, make it a compelling choice for investors seeking to diversify their portfolios with gold and silver.

Whether you are considering a gold or silver IRA or physical precious metals, Patriot Gold Group provides a reliable platform for your investment needs

Discover our #1 Recommended Gold & Silver company here instead

I hope you found this short review on Patriot Gold Group to be helpful and that you now have a better understanding on what it is and if it´s legit or not. I would say it is, however, it might not be your best alternative out there. If you have used any of their services then please share your experience in the comment section below!

I wish you success!

Mark, founder of Gold IRA King

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