Who Is Patriot Gold Group?
Patriot Gold Group is a private precious metals dealer headquartered in Seal Beach, California. Founded in 2016, the firm has positioned itself as a "dealer-direct" alternative to the heavily-marketed giants like Goldco and Augusta.
The company's leadership is notably public-facing. CEO and Co-Founder Jack Hanney brings an unusual background to the Gold IRA space: he previously served as Director of Trading for Wholesale Direct Metals and held executive management roles at Costco. This dual background in commodities trading and mass-market retail logistics informs Patriot's emphasis on high-volume, low-friction transactions.
Hanney is a frequent media commentator, appearing on outlets such as FOX23 and OANN to discuss market trends—a strategy that builds authority credentials without the massive celebrity endorsement budgets of competitors.
Reputation
| Platform | Rating | Notes |
|---|---|---|
| Better Business Bureau | A+ | Near-zero complaints (3 years) |
| Trustpilot | 4.9★ | Strong volume |
| ConsumerAffairs | 5.0★ | "Top Rated" 5 consecutive years |
Recognition:
- Inc. 5000 — Ranked #1280 (2023) among fastest-growing private companies
- "Top Rated Gold IRA Dealer" — ConsumerAffairs (5 consecutive years, 2016-2021)
Important Note: When researching, don't confuse "Patriot Gold Group" with "Patriot Golf Inc."—the latter has hundreds of BBB complaints. Manual verification confirms Patriot Gold Group's record is clean.
Fee Structure
Patriot Gold Group Fee Breakdown
Standard Accounts (under $100k):
- Minimum Investment: $50,000 (IRA) / $10,000 (cash)
- Setup Fee: $225 (one-time)
- Annual Storage (STRATA Trust): ~$150
- Annual Storage (Equity Institutional): ~$180
- Transaction Fees: ~$40 per transaction + shipping
Large Accounts ($100k+):
- "No Fee for Life" — Setup, storage, and shipping fees reimbursed/waived
- Thresholds vary by promotion ($100k or $250k)
The "No Fee for Life" Advantage
This is Patriot Gold Group's signature differentiator. For qualifying large accounts (typically $100,000+), Patriot agrees to reimburse or waive:
- Custodian setup fees
- Annual storage fees
- Shipping costs
Over a 10-20 year holding period, this can save $2,000-$4,000+ compared to competitors charging annual fees. For serious investors with six-figure portfolios, this makes Patriot potentially the most cost-effective option in the long run—despite the high entry barrier.
Products & Services
Metals Available:
- ✅ Gold (coins and bars)
- ✅ Silver (coins and bars)
- ✅ Platinum
- ✅ Palladium
All four IRA-eligible metals are available, providing maximum portfolio diversification.
Custodian Partners: STRATA Trust, Equity Institutional
The "Dealer-Direct" Model: Patriot emphasizes that they cut out middleman layers common in the industry. Whether this translates to meaningfully lower spreads requires comparing specific product quotes—but the positioning is clear.