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Patriot Trading Group is a US-based company that has been selling gold and silver since 1996. The company's main headquarters is in Phoenix, Arizona. In 2019, they branched out to another location in Colorado. But is this company legitimate? What do you need to know before you get started?
About the Company
When the company was first created in 1996, it operated under the name All American Gold. But in 2009, the current company CEO bought out his business partner and rebranded as Patriot Trading Group.
Patriot Trading Group operates according to certain principles. None of the salespeople earn commissions, which helps to encourage a greater level of honesty and integrity. The staff also don't make outbound calls. If you're interested in buying precious metals, they trust that you'll call them first.
The company also states that they do not sell consumer information. The identity of all customers is protected.
The majority of the company's clients are repeat customers and referrals. But some people do find them through their website instead. You can make purchases on the phone or by using their online marketplace tool.
Prices are locked when you make the purchase, so you don't have to worry about being charged more if the market fluctuates. Then the items are shipped out once your payment gets there.
The company runs a radio show called Patriot Radio News Hour, which is used to educate people about wealth protection. This program is among the longest-running on today's radio. People tune in to hear about the latest economic and global news.
The company's website has a link where you can listen to the live radio show or past broadcasts.
Preferred Metals Program
The Preferred Metals program is one of the flagship programs offered by Patriot Trading Group. This program is used to create a hard asset portfolio that will perform well over time while protecting your assets. Of course, the company can't guarantee that you'll see returns, but they do say that investors will be granted peace of mind.
According to the website, you can use the Preferred Metals program no matter how big or small your purse is. Many other companies only provide tailored portfolios to high net worth individuals.
How the Program Works
Many people want to keep investing a portion of their assets in precious metals over time. As you earn more, your portfolio grows. You can decide exactly how much you want to put into precious metals. You'll give the company a monthly investment number, give them your credit card information, and decide on what date you want to be billed.
The money you spend will be pooled with that of other clients. This allows the company to purchase precious metals in bulk at a discount price. You can experience the kinds of discounts that high net worth individuals usually get.
When the end of the fiscal quarter comes, you'll be mailed a package with the hard assets you've acquired. Each package comes with an invoice explaining the contents and value of the products.
Reasons This Program Appeals
Patriot Trading Group is far from the only company to offer an automatic precious metals investment program. Many other companies have platforms set up to do this. But there are still advantages.
For example, automatic investments mean that you don't have to worry about making individual purchases. Your portfolio will remain balanced exactly the way you want.
The pooling of funds is a unique aspect of PTG's program. Most other programs wouldn't let you access precious metals at these bulk discounted prices.
The company itself chooses which assets to purchase. You don't need to decide what precious metals you want to purchase. If you're someone who likes having complete control, this might be more of a drawback than a benefit. But if you want to be able to just relax and let someone else take care of it, the program will appeal.
Another potential advantage is the lack of fees. You don't have to pay any fees to set up your account, cancel your subscription, review your portfolio, or have your portfolio managed.
Now comes something that you might consider a major drawback. The company's inventory is extremely limited. It appears that they only deal in gold coins, rather than gold bars, silver, or other precious metals.
On the one hand, they only offer coins that they believe will have staying investment power over time. But on the other hand, if you're looking for a diverse range of collectible items to choose from, this company won't be your best bet.
Most of the offered coins have been newly minted and come from sealed mint boxes.
Some of the options that you can choose include:
In addition, the company offers Almost Uncirculated coins. These are coins that have undergone a very small amount of wear, but they look basically uncirculated. You can get a coin that has all the beauty and visual quality of an uncirculated coin without the huge additional price tag.
Is Patriot Trading Group a Scam?
Patriot Trading Group is not a scam. The company is accredited by the Better Business Bureau and has an A+ rating. There have been zero public complaints filed against the business. In addition, the majority of the customer reviews online tend to be positive.
A better question is whether they're the best company to invest with. It seems like most customers have had good experiences. But the company's inventory is relatively small, and their IRA services leave something to be desired. If you're looking for an IRA, you might be better off with a specialist.
PRos & Cons of Patriot Trading Group
Patriot Trading Group is a legitimate precious metals dealer that doesn't make any secret of its political leanings. While that may appeal to some conservative buyers, the question is whether they're the best company to work with.
They do seem to have good customer service and a good reputation. But it's difficult to find reviews online. The few that exist are positive, but there are other companies that have hundreds or thousands of positive reviews instead.
In addition, their inventory is very small. And they don't specialize in IRAs the same way that some other companies do. If you want to streamline the IRA setup process, it's better to work with a company that has experts who will help you through the paperwork.
Overall, we believe that there is a better option when it comes to your investment.
The above company is our top recommendation after doing extensive research. Feel free to keep doing your own research, or you can visit Patriot Trading Group below!