Patriot Trading Group, founded in 1996 by Joe Jaquint, specializes in precious metals trading, particularly gold and silver.
The company was renamed All American Gold after Jaquint purchased the shares of his then-partner, Eric Cedarstrom, in 2009.
When Jaquint started the firm, he chose Phoenix, Arizona as its headquarters. While the facility remains the Patriot Trading Group’s headquarters, the company launched a satellite office in Johnstown, Colorado in January 2019.
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Patriot Trading Group’s Precious Metals Program
At each of its locations, Patriot Trading Group sells and trades gold and silver. These deals contain precious metals pairings, a notion employed in cryptocurrencies.
Customers can, for example, trade palladium for gold or gold for silver. It also provides a one-of-a-kind precious metals investing scheme that pools money to invest in gold and silver. Each month, the investor determines how much to invest.
The most common alternatives are $100, $1,000, and $10,000. Patriot Trading Group deducts the pre-determined monthly sum from the investor’s on-file credit card. By pooling the funds, the PTG account becomes a high-net-worth buyer.
The corporation purchases hard assets and delivers them to its investment clients each quarter. There are no set-up costs, cancellation fees, portfolio review fees, or maintenance fees with this program.
This strategy allows investors of all income levels to participate in an investing field that has traditionally been dominated by the wealthy.
As the investor determines the monthly amount, they can expand their portfolio gradually regardless of their monthly income.
Patriot Trading Group seizes control of each investor’s fortune by distributing metals directly to each customer. The investor has the option of receiving their investment in the form of coins or bars.
Patriot Trading Group Products
Patriot Gold Group is a gold and silver dealer that provides a variety of gold and silver investment options through their precious metal IRA product. Customers can also use their IRA to invest in platinum and palladium.
Bullion gold
Gold bullion is tangible gold in the form of gold bars. Patriot Gold Group sells seven different types of gold bullion, including bullion from the United States, Canada, South Africa, and Austria.
Gold Coins
If you wish to invest in gold coins through Patriot Gold Group, you can select between unique or proof gold coins. Vintage and modern gold coins from the United States, Canada, and Australia are among the exclusive gold coins available. Patriot’s proof gold coins feature gold from the United States Mint, as well as a set of four coins.
The Gold IRA
A gold IRA is an IRA that holds actual gold. Unlike purchasing coins or bullion for eventual resale, this allows you to grow your gold investment tax-free as you save for retirement. Patriot Gold Group offers ten gold IRA coins from the United States, Canada, the United Kingdom, and Australia.
Silver Bullion
Patriot Gold Group provides five bullion options from the United States and Canada for silver fans.
Silver Coins
Proof and unique silver coins are available from Patriot Gold Group. There are four silver-proof coins available from the United States and Canada. The unique coin options are from Australia, the United Kingdom, and the United States, and include coins over 50 years old as well as modern silver coins.
Silver IRA
Patriot Gold Group carries seven different types of IRA-eligible silver coins from the United States, Canada, and Australia.
Alternative Coins
Patriot Trading Group has a limited inventory of coins. The collection includes numismatic coins in gold and silver, as well as IRA-eligible Gold American Eagle coins.
The company sells its whole catalog online, and any investor can buy from it without having a prior relationship with the company.
To buy Gold American Eagles for a gold IRA, you must first open a self-directed precious metals IRA with Patriot Trading Group. GoldStar Trust Company provides custodial services to the company.
GoldStar’s primary vault storage provider is the Delaware Depository.
Consultations on Investment
While many larger companies have customer service lines manned by sales representatives, Patriot Trading Group allows you to schedule a meeting with its founder, Joe Jaquint, in person.
Patriot also provides telephone consultations with skilled sales workers, but it also provides meetings with its president and founder.
According to the company’s website, these one-on-one encounters will provide vital input from the CEO. It also provides insight and instruction through a variety of other channels.
A weekly podcast, a blog, a YouTube channel, and a live radio show are among them. Patriot is a pioneer in consumer education for precious metals investing.
How to Open an Account
You can start a Patriot Gold Group gold IRA account by submitting an online inquiry or calling their toll-free customer service number during business hours.
Following that, you may submit an online application. Personal information such as your address and Social Security number will be requested by the application.
Once your request has been granted, a customer service representative will assist you in setting up your account, including transferring funds from other accounts and selecting which precious metals to invest in.
Patriot Trading Group’s Unique Features
Plenty of companies provide precious metals programs including gold IRAs, but few employ the business techniques used by Patriot Trading Group. The company values its clients’ privacy and prohibits cold calling among its employees.
The following are some of its most valuable features:
Repeat consumers account for the vast bulk of company sales.
There are no commissioned salespeople in the company.
It neither allows nor makes outbound calls.
The company never sells its customers’ contact information.
Nowadays all businesses must follow certain privacy standards, but it didn’t take the adoption of GDPR or the Can-Spam Act for Patriots to implement rigorous privacy policies.
It has always applied stringent rules to how a company representative contacts clients or potential clients. No client has ever complained about the firm’s privacy policies throughout its 26 years of operation.
Patriot Trading Group Review: Red Flags
After researching the company on multiple consumer websites, no red flags were raised about the actual organization. In its 26 years of business, the Patriot Trading Group has not had any trouble with its investors or with other trading groups.
It established a reputation as a private corporation that specialized in gold and silver coin investing.
Although that service sends gold and silver directly to the purchaser, Patriot Trading Group cannot do so with gold purchased through a gold IRA.
The Internal Revenue Service (IRS) has specific guidelines for the creation and administration of gold IRAs. A gold IRA must be purchased through an agent and maintained in a facility that meets particular safety standards.
Patriot Trading Company selected Gold Star Trust Company to provide custodial services. GoldStar was founded in 1989 as a subsidiary of Happy State Bank & Trust Company, a division of Centennial Bank.
The bank that owns GoldStar Trust Company was founded in 1908 and has been operating from the same location in Amarillo, TX for over a century.
The bank that maintains Patriot Trading Group’s gold IRAs received an “A-” rating from the BBB. They’ve had 15 complaints in the last three years, but none against Gold Star Trust Company services.
While not necessarily a red flag, don’t expect Patriot Trading Group-level customer service from the organization that manages gold IRAs.
Is Patriot Trading Group a Scam?
According to the Better Business Bureau, the actual Patriot Trading Group, also known as Patriot Trading Metals Group, LLC, does not defraud its consumers. Despite being in operation for 26 years, the company only received BBB accreditation in 2014.
Customers can report on any business, accredited or not, and no one has ever complained or evaluated Patriot Trading Group. On January 19, 2004, it formed its BBB file. The BBB gives the company an “A+” grade.
Its BBB page includes several ways to reach it directly. Patriot Trading Group has two phone numbers and a fax number, as well as an email contact form and a website, according to the consumer organization.
This gold IRA company, according to Yelp, also provides appraisal services.
While many businesses rely on an e-commerce model, Patriot’s Arizona headquarters operates during regular business hours. Monday through Friday, it opens at 8 a.m. and closes at 4 p.m.
Although the office is closed on weekends, investors can still make online purchases on Saturday and Sunday. Patriot Trading Group can be found at 2010 West Parkside Lane, Phoenix, AZ 85027. You can reach them by phone at (623) 780-3117.
Sierra J. is one of the company’s clientele. “I would highly recommend buying gold from him over any other gold dealer,” she writes in her assessment.
BBB Rating of A+
This precious metals company is rated A+ by the Better Business Bureau (BBB). The BBB assigns letter ratings to firms based on seven important considerations, comprising its business history, BBB complaint history, and acknowledged advertising and legal problems. To receive an A+ rating from the BBB, businesses must respond to consumer complaints in good faith, have few or no legal difficulties, and avoid harmful advertising techniques.
Pricing for the Patriot Gold Group
Patriot Gold Group’s pricing structure is determined by the type of investment plan you wish to pursue, the amount of your investments, the precious metal in which you wish to invest, and the storage and insurance choices you choose.
According to a Patriot Gold customer care employee, storage and maintenance fees are $250 for the first year and $200 per year after that. Customers should also expect to spend $225 for account setup unless they invest $30,000 or more in the beginning.
Fast Setup of Account
Patriot Gold Group offers a three-step IRA account setup if you wish to start a precious metal retirement savings account but are frightened by the precious metals IRA process. You must first contact Patriot through its web portal or by phone. Then, a Patriot customer service professional will assist you in rolling over an old 401(k) or IRA into your new Patriot Gold Group account. Ultimately, you’re going to collaborate with your Patriot customer care representative to gather and deposit the precious metals needed to fund your account.
Pros of Patriot Gold Group
They offer a metals program through which you may make investments in precious metals on a monthly basis
Long-established
Free educational materials
Coins and a gold IRA are available.
Fast and responsive customer service
Patriot Trading Group’s website is responsive
Client privacy is protected.
Potential consumers are provided with no-cost advice by the CEO.
Cons of Patriot Trading Group
They don’t appear to sell gold bars.
Patriot Trading Group offers only a small assortment of gold and silver coins.
There is no information on the website concerning establishing Precious Metals IRAs.
There are a few Patriot Trading Group reviews available online.
Final Verdict on the Patriot Trading Group
This is one of the best precious metals investment companies today. Patriot provides an exceptional opportunity for prospective investors. It produces products that are available to customers of all socioeconomic levels.
The expert gold trader offers a choice of whether you can afford $100 per month or $10,000 or more per month. Patriot Trading Group custodians are always here to provide help and assistance.
Despite its limited coin range, it provides dependable investments and timely delivery of coins and silver bars.
It’s an impressive fact that in 16 years of operation, not a single client has filed a complaint or left a negative review of the company.
In today’s society, having imitators usually indicates a high-quality organization or individual.
That doesn’t make the imposter any better, so if you want to invest in gold or silver, stick with the real Patriot Trading Group.
Frequently Asked Questions
What is Patriot Trading Group, and what services do they offer?
Patriot Trading Group is a trustworthy and dependable precious metals dealer that buys and sells gold, silver, platinum, and palladium. Good news to those who want to purchase precious metals as they supply a variety of bullion products, coins, and precious metal choices for investments.
How can I buy precious metals from Patriot Trading Group?
To buy precious metals from Patriot Trading Group, you can visit their website, browse their product offerings, and place an order online. Alternatively, you can contact their customer service team for personalized assistance in making a purchase.
What are the storage options for my precious metals purchased through Patriot Trading Group?
Patriot Trading Group offers secure storage solutions for precious metals. You can choose to have your metals stored in a secure, third-party storage facility, or you can opt for delivery and have your metals shipped directly to your location.
What is Patriot Trading Group’s reputation and track record?
This precious metals investment company has a reputable history as a precious metals dealer. It’s advisable to research customer reviews, ratings, and any complaints to assess their track record and customer satisfaction.
Are there any tax considerations when buying or selling precious metals through Patriot Trading Group?
Yes, there can be tax implications when buying or selling precious metals.
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About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He started IRA Investing to share his expertise in using his Self-Directed IRA for alternative investments. His views on retirement investing have been highlighted in USA Today, Business Insider, Tech Times, and more. He invested with Goldco.
