Patriot Gold Group Review

Patriot Gold Group Review

Lear Capital Review

Scott R. Hillford

Author & Founder Gold Is Money 2

Disclaimer: Some or all of the companies reported here may provide compensation to us, at no cost to our readers. This is how we keep our reporting free for readers. Compensation and detailed analysis are what determines how companies appear on this website.

When inflation is high and the economy is in trouble, your current retirement plan may be in a slump. Whether you're new to the workforce or approaching retirement age, you still can take advantage of a diversified retirement portfolio.

A conventional retirement plan limits you to traditional asset classes like stocks, bonds, and mutual funds. These investments may decline during tough economic times. Inflation, rising prices, and market sentiment all contribute to a declining stock market.

You can protect your retirement dreams by diversifying your portfolio with precious metal investments.

Precious metals like gold, silver, platinum, and palladium provide a hedge against inflation and other economic troubles. When traditional paper assets like stocks decline, precious metals often increase in value.

Prior reading further, it is important to acknowledge that investing your savings is a not easy. When it comes to incorporating precious metals into your investment portfolio, how can you tell which companies are reliable?

After devoting extensive time and effort, we have conducted thorough research within the precious metals industry and compiled a selection of the most trustworthy companies.

Take a moment to read our list and determine if Patriot Gold Group has what it takes to make the list this year!

This lets you to quickly compare the leading companies in this field and select the one that aligns with your specific requirements and investment objectives.


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Gold especially has a reputation for offering stability when there is economic and political turmoil. Investors often put their wealth in gold and other precious metals to help offset losses in traditional assets.

Gold and precious metal investments can't be stored in your employer's retirement plan or a conventional IRA. Instead, you'll need to open a self-directed IRA approved for precious metals.

Patriot Gold Group Review-Patriot-Gold-Group-Logo

With a self-directed IRA, you make the investment decisions, and the IRA custodian handles the transaction. Self-directed IRAs can open up new investment types. With a self-directed IRA, you can invest in precious metals, real estate, cryptocurrency, art, and some collectibles.

A reputable company can help you open and fund your Gold IRA. Not all precious metals meet the IRS's requirements, but a trustworthy advisor can help you select approved coins, bars, and bullion. You also may be able to invest in gold ETFs, gold mining company stocks, and gold retailer stocks.

Not all companies offer all types of precious metal investments. Before you make your first purchase, do your research. Look for a company that offers the type of precious metal investments you want to purchase. The company you choose should work with reputable custodians and depositories with decades of industry experience.

About Patriot Gold Group

When you search for gold dealers online, you'll find a listing for Patriot Gold Group. Consumer Affairs awarded Patriot Gold Group their Top Gold & Silver Dealer five years in a row from 2016 to 2020. Keep reading for more information about this company.

Patriot-Gold-Group - Website

Located in Seal Beach, California, Patriot Gold Group and its executives have a combined 50 years of industry experience. Unlike large gold dealers, Patriot Gold Group eliminates the middleman, so customers work directly with the owners. This practice saves the company money on overhead, and they pass the savings on to their customers.

Patriot Gold Group aims to make precious metal investing safe, simple, and educational. The team at Patriot Gold Group wants their customers to be comfortable taking control of their investment strategy.

Their commitment to their customers states promises that:

  • Customers will have a direct working relationship with the company's owner.
  • New accounts will be set up within 24 hours.
  • Customers will not pay fees for the life of their Gold or Silver IRAs.

Patriot Gold Group will help customers set up a new precious metals IRA. Their team will handle the paperwork for opening the account. When you open a precious metals IRA, Patriots Gold Group can process a transfer or rollover from your old retirement plan. They also can help you fund the account manually.

Once your new account is open and funded, Patriot Gold Group will help you buy IRA-approved metals. The company offers popular and rare coins, bullion, and bars.

Management Team

Jack Hanney: Hanney is the Chief Executive Officer of Patriot Gold Group. He founded Patriot Gold Group seven years ago after over 20 years in the finance industry. Before starting the company, Hanney worked as General Manager and Director of Sales at several algorithmic automated trading companies.

He spent several years in the tech industry at companies including Infosearch Media, Virutmundo, and The Design People. In 2010, he returned to the finance industry as a Senior Executive Trader with MG Private Client Services. He also worked as Director of Trading, Executive Vice President of Wholesale Direct Metals overseeing the Retail Division.

Mike Celano: Celano is the Co-Founder and Senior Partner at Patriot Gold Group. He started his career in executive management at Costco. In the finance industry, he held management positions at major gold investment firms including AB.

Charley Chartoff: Chartoff started in real estate investments and then moved into precious metal investments. He served as the Director of Retirement Services at a large retail precious metals brokerage firm for three. He also was the Director of Retirement Services at an accredited wholesaler.

Reasons to Work

IRA Services

Customers who are new to precious metal investing may want to check out Patriot Gold Group's Gold IRA Investor's Guide. This guide answers the most frequently asked questions about Gold IRAs, including:

  • What is a physical gold IRA?
  • How do you buy physical gold?
  • How do you store physical gold?
  • What are the types of gold IRA investments?

As part of their IRA program, Patriot Gold Group offers a "No Fee for Life" physical gold IRA. New customers can contact a Patriot Gold Group account executive or fill out an online application. You'll need to provide your personal information, such as name, mailing address, Social Security number, and date of birth.

You will need to designate a beneficiary, such as a spouse or child. You also will select a source of funds, such as a conventional retirement account or bank account. The No Fee for Life Gold IRA may require a minimum deposit.

Steps to Get Started

New investors should request the Gold IRA's Investor's Guide to learn more about precious metal IRAs. Then, you can contact Patriot Gold Group directly. The company is open Monday through Thursday from 7 a.m. to 5 p.m. Pacific Time and on Friday from 7 a.m. to 3 p.m. Customers can call the toll-free phone number or email

The Patriot Gold Group website also features an online chat service for faster help. Customers also may fill out an online contact form and wait for a call.

Storage Options

IRS rules state that you must store your physical precious metals in an approved depository that is insured against fire, theft, and other disasters. Customers may take possession of their physical gold and store it in a safe deposit box at their bank. For customers who don't want the risk of physical possession, Patriot Gold Group works with a network of secure vaults across the country.

Custodian Options

When you set up a Gold IRA, you need to select a custodian to manage the account. Patriot Gold Group works with two custodians: Strata Trust and Equity Institutional.

Depending on which custodian you choose, you can expect to pay an annual fee that covers insurance and administration costs.

Founded in 2008, Strata Trust is a subsidiary of Horizon Bank. The company is located in Texas. They work with both SDIRAs and traditional retirement accounts. In 2014, they expanded to work with crowdfunding platforms.

Patriot Gold Group Review - Custodian

 Strata Trust offers a service-first and customer-first mentality in managing investments. Strata charges approximately $150 per year in administration fees. Equity Institutional is part of Equity Trust. Located in Westlake, Ohio, Equity Institutional is one of the oldest and largest custodian firms in the industry. 

They administer self-directed IRAs containing precious metals, cryptocurrency, and other alternative investments. The company offers streamlined account management on its myEquity platform. Customers can expect to pay around $180 per year in fees.

Who Should Invest?

Before investing in gold and other precious metals, new customers should be aware of minimum account requirements and associated fees. If you invest $30,000 or more, you may be eligible for the "No Fee for Life" Gold IRA.

Patriot Gold Group does not list a minimum investment amount, so investors should contact a specialist before opening an account. Some sites report a minimum investment amount of either $15,000 or $25,000.

If you're interested in investing a smaller amount, you may want to inquire about the fees associated with smaller accounts. You may pay fees for each transaction, plus shipping and custodian fees.

Is Patriot Gold Group a Scam?

Customer reviews should reassure new customers that Patriot Gold Group is not a scam. Although the company is smaller than many major gold and silver dealers, Patriot Gold Group prides itself on providing top-notch, personal customer service. The company has positive reviews on all major review sites.

Patriot Gold Group received Better Business Bureau accreditation on April 22, 2022. They have an A+ rating and no complaints. The company received one customer review. This 5-star rating was from 2020. The customer complimented the smooth transaction and "great deal."

Patriot Gold Group Review - Ratings
Patriot Gold Group Review - TrustPilot

On Facebook, the company has an average 4.8-star rating over 67 reviews. Customer reviews state that the team at Patriot Gold Group is professional and informative. They do not use aggressive sales tactics. Customers report that rollovers were smooth and quick. Several reviews praised the no-fee IRA.

Patriot Gold Group received a TrustPilot score of 4.9 stars out of 5. The company received 120 reviews, and 99 percent of reviews were five-star ratings. Customers praised the patience and professionalism of the Patriot Gold Group staff.

Reviews stated that employees return phone calls promptly and prioritize customer service and education. New investors chose Patriot Gold Group because "they make every customer feel like the only customer."

Consumer Affairs named Patriot Gold Group as the Top Gold & Silver Dealer in 2016, 2017, 2018, 2019, and 2020. The company received over 140 reviews. 100 percent of reviews were five-star ratings. Customer reviews state that Patriot Gold Group makes purchasing precious metals and opening an IRA account smooth and easy.

Patriot Gold Group - ConsumerAffairs (Featured Reviews)

Patriot Gold Group employees take extra time to answer questions and educate new investors. Experienced precious metal investors praised the company's no-pressure approach to sales. Multiple reviews describe Patriot Gold Group employees as kind, professional, friendly, and patient.

Pros & Cons


  • Excellent customer reviews
  • Professional, polite customer service
  • Consumer Affairs named them a Top Dealer from 2016-2020
  • No-Fee-for-Life IRA available for a minimum amount
  • 24-hour account setup
  • Multiple contact methods and online application
  • Knowledge Center for customer education


  • Only offers gold and silver for purchase. Buyers who want to invest in platinum or palladium will need to choose another company.
  • No prices or fee schedules on their website
  • Doesn't disclose the locations of their vaults
  • No buyback policy is listed on their website
  • Minimum account requirements may exclude some investors


Final Thoughts

Patriot Gold Group's customer reviews consistently praise the company for professional, polite, and knowledgeable customer service. Employees respond quickly to customer inquiries.

Multiple ways to contact the company make accessing their representatives easier. New investors will appreciate the website's knowledge center. Experienced investors or high earners will appreciate the "No-Fee-for-Life" IRA.

Patriot Gold Group works with reputable custodians from Strata Trust and Equity Institutional. When you choose Patriot Gold Group, you'll be able to set up your Gold IRA and purchase qualifying gold and silver to store in the account.

Although Patriot Gold Group displays live pricing for all precious metals on its website, the company only offers gold and silver for purchase. The website does not show their prices or fees online. 

They also don't mention a cancellation or buyback policy. The company claims that since customers work directly with the owners, investors will enjoy lower prices and better customer service.

Setting up a Gold IRA with Patriot Gold Group is an easy process. An online application speeds up the process. The company promises a 24-hour setup timeframe. Customers can expect to pay fees for transactions and shipping unless they open a "No-Fee-for-Life" IRA.

Although the website does not offer complete price and fee transparency, customers can contact Patriot Gold Group quickly to have their questions answered. The easiest and quickest way to contact a representative is through their live chat, but the company also offers phone, email, and online forms.

Let our expertise and analysis help you before you invest your savings by reading our list of the best companies!

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