If you like to plan ahead and be prepared, it is likely your retirement years are frequently on your mind. You work hard now and want to make sure you are prepared and financially secure when you retire.
Having money invested in the stock market is one way many people prepare for retirement. However, the stock market can be unpredictable and is so tied to the economy. If the economy is in a recession and the stock market crashes when you are ready to retire, all those years of saving up and the gains you made could be erased in days.
Rather than having all of your money invested in stocks and bonds, many experts recommend diversifying your portfolio and having some of your money invested in precious metals. Doing so can help ensure that even if the stock market crashes right when you're ready to retire, you will still enjoy some financial security when you retire.
Patriot Gold Group is a precious metals investment company that can help you diversify your portfolio through investing in gold, silver, and other precious metals. They also offer Gold and Precious Metals IRAs that can provide you with a tax-free way to save for retirement. We've conducted an in-depth review of Patriot Gold Group to help you learn more about the different options this company offers for investing in gold and silver.
What is Patriot Gold Group?
Patriot Gold Group is one of the trusted names in the precious metals industry. They help customers make life-changing investments in gold and silver. You can also use Patriot Gold Group if you're looking to set up a Precious Metals IRA (sometimes known as a Gold IRA) or rollover your existing retirement plan into a Gold IRA.
Patriot Gold Group values its customers and strives to provide the best experiences and customer service for them. Many other precious metals companies have their customers deal with lower-level staff who may not be fully trained or knowledgeable enough to answer their questions or provide guidance.
This will not be the case when you choose to work with Patriot Gold Group. You will always work directly with one of the owners of the company. This will help you feel important and supported while knowing you are getting advice from a true expert in the industry.
The team at Patriot Gold Group is extremely qualified to advise you on investing in gold, silver, and other precious metals. They are also experienced and knowledgeable and have been in senior positions in other large precious metals investments firms.
When you decide to work with Patriot Gold Group, your account can be set up and ready to use within 24 hours. You won't need to sit around waiting forever wondering if/when you'll be able to select the precious metals to add to your account.
Patriot Gold Group does not charge any fees when you set up a qualifying IRA. You can reap all of the benefits of creating a Gold IRA without worrying about losing some of your profits in the way of fees.
Qualifying precious metals orders through Patriot Gold Group can also receive $2,500 in free precious metals. This is just one of the many advantages you'll enjoy as a Patriot Gold Group customer.
If you choose to work with Patriot Gold Group, you can feel confident in your decision. They are a trusted name in the industry, are well-established, and will help you with all of your gold and silver investing needs. Consumer affairs gave Patriot Gold Group a 5-start rating from 2016 to 2019.
The team at Patriot Gold Group will work with you each step of the way to set up your accounts, select the precious metals you wish to add, and manage your account.
They are an accredited business with the Better Business Bureau and carry and A+ rating. Patriot Gold Group has also received high ratings from its customers. Customer reviews can tell you a lot about how a company operates and help you decide if you want to give them your business.
Patriot Gold Group has a five-star rating from Trustpilot, a five-start rating from Consumer Affairs, and a five-star star rating from Google Reviews. Will you be the next happy customer to invest with Patriot Gold Group?
Investing in Gold with Patriot Gold Group
Patriot Gold Group offers a wide variety of gold coins that you can invest in. When you visit the "Invest in Gold" page on their site, you can view all the different options that are available to choose from.
Above the coins that are available is a drop-down menu that will let you select the type of coin you are most interested in viewing. You can choose to see gold bullion, private gold coins, proof gold coins, IRA eligible gold coins, or to simply view all of the coins that are available.
Hovering over the box that shows the coin name and design will bring up additional information about that specific coin. The information displayed includes the purity level of gold, type of gold (22-karat, 24-karat, etc.), and information about the design featured on both sides of the coin.
When you see a coin you would like to order, select the amount of your investment from the drop-down menu, and click "Add to Quote."
Below are the gold coins that are available through Patriot Gold Group:
Private Gold Coins
Proof Gold Coins
IRA Eligible Gold Coins
Investing in Silver with Patriot Gold Group
In addition to investing in gold through Patriot Gold Group, you can also add silver coins and bars to your investments. You'll find a variety of valuable silver coins available to choose from.
As with the coins in the "Invest in Gold Coins" section, you can filter the results by coin type. The options to choose from include silver bullion, private silver coins, proof silver coins, and IRA eligible coins.
You can hover over each coin type to view additional information about the weight and purity of the coin and its design. When you find a coin you'd like to invest in, you can choose to add it to your quote and select the amount of money you'd like to invest.
Here are the different silver coins that you can choose to invest in through Patriot Gold Group:
Private Silver Coins
Proof Silver Coins
IRA Eligible Silver Coins
Precious Metals IRAs Through Patriot Gold Group
Precious Metals IRAs are one of the investment options offered through Patriot Gold Group. A Precious Metals IRA works similarly to a traditional IRA in that you are not taxed on your investments as long as you do not make withdrawals from your account until you at least 59.5 years old.
When you set up a new Precious Metals IRA or transfer or rollover your existing retirement plan with Patriot Gold Group, you'll be eligible for their promotional offer of up to $2,500 in free gold coins.
Why You Should Open a Precious Metals IRA
When you choose to invest some of your money in a Precious Metals IRA, often referred to as a Gold IRA, you are taking steps to protect your financial future. Investing all of your money in the stock market can be extremely risky and is setting you up for disaster should the stock market crash right around the time of your retirement.
When you have some money invested in gold, silver, or other precious metals, you are providing yourself with a cushion to safeguard your investments. Since the value of gold and other precious metals are not dependent on the performance of the stock market, even if the stock market bottoms out right when you are ready to cash out your investments, you will still be able to turn to the coins and bars you have in your Precious Metals IRA.
Over the past decade, gold and silver have performed better than the averages seen by the Dow Jones. This should help provide you with some peace of mind and allow you to realize that gold and silver are good investment options.
Gold and other precious metals are only getting more valuable. They are natural resources with a limited supply on Earth, making them a highly sought-after commodity. Additionally, advancements in technology are finding new and exciting ways to use silver, making it a very desirable investment.
Investing in these resources now is sure to pay off mightily in the future. Diversifying your portfolio and investing a portion of your money in gold and silver is seen as a smart investment by many financial experts.
The US dollar has been decreasing in value and is projected to continue to decrease. Investing in gold and silver can provide you with some protection against the decrease in the value of the dollar, since these investments should continue to rise, even as the dollar falls.
The value of the US dollar has decreased 98.2% since 1990. On the other hand, the value of gold has increased 53.9% over the same time period.
Because of the stricter regulations the government puts on Precious Metals IRAS, you will not be able to add any gold or silver coins to your account. Only certain coins or bars that qualify can be added. If you are unsure of which coins can be added to a Gold IRA, one of the experts at Patriot Gold Group will be able to assist you.
You can also view the specific gold or silver coins that are allowed for Gold IRAs on the website. When you visit the "Invest in Gold" or "Invest in Silver" page, you can filter the results to view only IRA eligible gold or silver coins.
Here are the IRA eligible gold coins available through Patriot Gold Group:
Below are the IRA eligible silver coins offered by Patriot Gold Group:
If you want to find out more about each of these coins, we wrote more about the purity, weight, and design of each coin earlier in the article.
Applying for a Precious Metals IRA
If you are ready to set up a new Precious Metals IRA, one of the experts at Patriot Gold Group can help you. If you need assistance, you can reach out to one of their precious metals experts over the phone, via live chat, or by sending an email.
Patriot Gold Group's application process is designed to be straightforward and easy to understand. It should only take you a few minutes to enter the necessary information to get your application processed.
There are four steps in the application process: entering the account holder's information, designating a beneficiary for your account, inputting the source of the funds that will be used to purchase the gold and silver coins, and completing the transfer instructions to initiate the transfer of money and purchase the physical coins for your account.
Transferring or Rolling Over Your Existing Retirement Account
If you already have a retirement plan and would like to transfer it or roll it over into a Precious Metals IRA, one of the precious metals experts at Patriot Gold Group can help make the process simple and easy to understand.
Patriot Gold Group has a whole department of experts dedicated to IRA rollovers. When you speak with a member of this department, they will be able to guide you through each of the necessary steps in the rollover or transfer process and help you avoid having to pay any taxes or penalties.
Precious Metals Storage
If you are setting up a Gold IRA, you will likely need to have your precious metals stored in an IRS-approved facility. There are six different approved depositories located across the country. Patriot Gold Group utilizes a few of these different locations to provide their clients with some options about where their metals are stored.
The IRS-approved storage facilities are about the safest and most secure place you could imagine. They take numerous measures to ensure your gold and other precious metals are protected against any threats. The storage facilities are heavily insured and Patriot Gold Group insures the shipments of your precious metals to the facility.
You will always be able to go to the depository center if you wish to view the coins and bars you invested in in-person. This can provide you with some peace of mind about the security measures taken by the facility and allow you to see the actual coins and bars you invested in.
In some cases, you may decide you prefer home safe storage for your precious metals. If you are just investing in different coins that are not tied to an IRA, this may feel like the safest option to you. If you decide you want to store your metals at home, Patriot Gold Group can work with you to set up safe and secure storage.
However, if you are setting up a Gold IRA, you won't be able to store your metals at home (in just about all cases). If you physically possess the metal in your Gold IRA account before you reach at least age 59.5, it is considered a disbursement, and you will be responsible for paying taxes.
Patriot Gold Group's Knowledge Center
To better serve and educate its clients, Patriot Gold Group created their Knowledge Center. The Knowledge Center include information comparing the world currencies, including the US dollar, to the value of gold and silver. You can view individual tables dating back to 2001 that show how much higher or lower the value of gold (or silver) was compared to the different world currencies.
To make the tables easy to glance at and understand, the values have been color-coded. For the years where the value of gold (or silver) was higher than the value of the US dollar or other currencies, the percentage amount is shown in green. For the years where the value of gold (or silver) was lower than that of the other currencies, the percentage amount is shown in red.
With just a quick glance at each table, it should be pretty obvious that the value of gold and silver have increased at higher rates that the US dollar and other world currencies. The bottom of the table shows that the average yearly increase of gold compared to the US dollar is 11.3% and the average yearly increase of silver compared to the US dollar is 14.3%.
Another resource found in Patriot Gold Group's Knowledge Center is the RMD (Required Minimum Distribution) Calculator. This calculator will help you determine the minimum payout you will be required to receive from your IRA once you are 70 or older.
Using the calculator is very simple. Just enter the balance of your IRA and select your age. It will then calculate the minimum distribution amount for you.
Patriot Gold Group can help you invest in your future. They offer a variety of gold and silver bars that will help you diversify your portfolio and keep you in a better position should the stock market crash when you're ready to retire. Whether you're looking to purchase gold and silver coins for an at-home collection or you would like to set up/rollover a Precious Metals or Gold IRA, the precious metals experts at Patriot Gold Group are ready and waiting to help you!