Patriot Gold Group
Key Facts
- Min. Investment
- $50,000
- Annual Fees
- $180/year all-in (custodian + storage) — waived at $100,000+
- Founded
- 2016
- IRA Types
- Traditional, Roth, SEP
Overview
Patriot Gold Group was founded in 2016 by CEO Jack Hanney and focuses on gold and silver IRAs along with direct precious metals purchases. The company's most distinctive feature is a tiered fee-waiver structure: setup fees are waived for accounts over $30,000, annual fees waived for accounts over $100,000, and accounts of $250,000 or more qualify for a "No Fee for Life IRA" — no annual fees for as long as the account remains open. The company works with Equity Institutional and STRATA Trust Company as custodians, and stores metals at Brinks Global Services.
Pros
- ✓"No Fee for Life IRA" for accounts of $250,000 or more — a genuinely distinctive feature
- ✓Tiered fee waivers: setup waived at $30,000, annual fees waived at $100,000
- ✓All-in annual fee of $180 combining custody and storage — simpler than separate line items
- ✓Works with Equity Institutional and STRATA Trust — both well-regarded custodians
- ✓Lower $10,000 minimum for non-IRA direct precious metals purchases
Cons
- –High $50,000 minimum for IRA accounts — excludes smaller rollover balances
- –BBB accreditation is relatively recent (2022) despite operating since 2016
- –Storage options appear limited compared to competitors with multiple depository partnerships
Frequently Asked Questions
What is the "No Fee for Life IRA" at Patriot Gold Group?
Accounts of $250,000 or more pay no annual fees for as long as the account remains open. This is a distinctive benefit that can represent significant savings over a long holding period.
What is the minimum investment at Patriot Gold Group?
The IRA minimum is $50,000. Direct non-IRA precious metals purchases have a lower $10,000 minimum.
What fee waivers does Patriot Gold offer?
The $225 setup fee is waived for accounts of $30,000 or more. Annual fees are waived for accounts of $100,000 or more. The "No Fee for Life" applies at $250,000 or more.