Patriot Gold Group vs Blanchard Company: Company Showdown
Choosing the right Gold IRA company is a pivotal decision for any precious metals investor. Are you trying to decide between Patriot Gold Group and Blanchard Company? This article cuts through the clutter to give you an unbiased comparison of both, highlighting their reputation, service range, customer experiences, and investment products. With no fluff, we help you make a well-informed decision in the “Patriot Gold Group vs Blanchard Company” debate between these two industry contenders.
Key Takeaways
-
Patriot Gold Group and Blanchard Company are established gold IRA companies with distinct services, rapid setup, and no-fee structures; Patriot Gold Group offers a 24-hour IRA setup with no fees for life while Blanchard provides diverse precious metals services and a comprehensive educational resource library.
-
Both companies provide a wide range of precious metals investment products upholding strict quality and purity standards, with Patriot Gold Group focusing on gold and silver coins and Blanchard extending into platinum and palladium, both offering competitive pricing and buyback programs.
-
Patriot Gold Group and Blanchard Company facilitate the IRA process, offering secure custodian and storage solutions, with Patriot Gold Group providing rapid rollover processes and Blanchard focusing on detailed fee structures and prolonged asset transfers.
Patriot Gold Group vs Blanchard Company: An Overview
Patriot Gold Group, Birch Gold Group, and Blanchard Company are prominent figures in the precious metals industry, specifically in the domain of gold IRA companies. Each has cultivated a robust reputation, differentiating themselves from competitors through their distinct services and customer support.
But what makes these two companies stand out, and how do they measure up against each other? Let’s find out.
Company Heritage and Reputation
The Patriot Gold Group, established by Jack Hanney, has garnered an impressive reputation within the precious metals market, boasting a five-star rating from ConsumerAffairs and an AAA rating from the Business Council Alliance. On the other hand, Blanchard Company, founded by James ‘Jim’ U. Blanchard III in 1975, holds a long-standing position in the industry, making it one of the best gold IRA company contenders.
Both companies, Patriot Gold Group and Oxford Gold Group, have notable accomplishments, with Patriot Gold Group being recognized as a top-rated gold and silver coin dealer by Consumer Affairs in 2016 and 2017.
Range of Services Offered
When searching for the best gold IRA companies, including gold IRAs, Patriot Gold Group stands out for its streamlined gold IRA setup, offering a 24-hour turnaround with no fees for life. They also provide a buyback program for precious metals, without charging any commissions.
Blanchard Company caters to a diverse clientele with services in gold and silver bullion, rare coins, and other precious metals. Establishing a gold IRA with them involves either verifying the eligibility of an existing IRA or initiating a new one to incorporate precious metals, as per IRS regulations.
Customer Support and Educational Resources
When it comes to customer support, Patriot Gold Group prioritizes personalized service, ensuring a customized experience for investors. They offer 24/7 customer care, ensuring assistance is always available.
On the other hand, Blanchard Company provides an extensive library of resources, including educational materials and support options aimed at informing investment decisions.
Investment Products Comparison: Gold, Silver, Platinum, and Palladium
The selection of appropriate investment products is key to a prosperous gold IRA. Patriot Gold Group and Blanchard Company provide an array of investment products, including gold, silver, platinum, and palladium. Whether you’re an experienced investor seeking diversification or a newcomer exploring the precious metals market, you’ll find a variety of options with both companies.
Diversity of Precious Metals Inventory
Patriot Gold Group offers a diverse range of gold and silver coins. On the other hand, Blanchard Company goes a step further, offering gold, silver, platinum, and palladium.
Whether you’re looking for small 1/10 oz. gold coins or larger 1 kilo bars, both companies provide ample options for investors.
Quality and Purity Standards
Quality and purity are paramount in precious metals investing. As a trusted precious metals dealer, Patriot Gold Group adheres to IRS-mandated purity standards, with gold being 99.5% pure and silver 99.9% pure. In this regard, Augusta Precious Metals is another reputable option for investors to consider.
Blanchard Company, meanwhile, offers gold products that are typically 99.99% pure, ensuring they meet the highest standards of quality and authenticity.
Pricing and Buyback Programs
When it comes to pricing and buyback programs, both companies offer competitive options. Patriot Gold Group includes a price match guarantee and charges no fees on buybacks, offering a seamless process for customers wishing to sell their precious metals.
Blanchard Company, on the other hand, follows a straightforward pricing structure and offers a streamlined buyback process.
The IRA Experience: Setting Up and Managing Your Gold IRA Account
Establishing and overseeing a gold IRA account is an important measure in protecting your financial future. Patriot Gold Group and Blanchard Company facilitate this process, guiding you every step of the way. From initial setup to ongoing management, these companies provide comprehensive services to ease your transition into precious metals investing.
Initial Setup and Rollover Process
Patriot Gold Group offers a straightforward setup process that includes:
-
Opening a self-directed IRA
-
Funding the IRA
-
Acquiring precious metals
-
Liquidating assets
They also offer a seamless rollover process, collaborating with their 401(k) and IRA Rollover department.
Blanchard Company, on the other hand, verifies the eligibility of your existing IRA or assists in opening a new self-directed IRA. However, their rollover process may involve an extended asset transfer process of up to one month during account setup.
Custodian and Storage Solutions
As per IRS regulations, gold IRA assets must be stored with an IRS-approved third-party depository. Both Patriot Gold Group and Blanchard Company offer a selection of approved custodians for secure storage of your assets.
Patriot Gold Group collaborates with a diverse range of custodians throughout the United States, while Blanchard Company primarily collaborates with GoldStar Trust Company.
Transparency and Hidden Costs
Transparency is key when investing in a gold IRA. Patriot Gold Group is upfront about their fees, with a concealed expense of a $225 initiation fee, which is exempted for investments totaling $30,000 or above.
Blanchard Company, on the other hand, provides clear and detailed information about their fees and costs for precious metals investments, which include insurance and storage fees, as well as management charges related to the custodian.
Financial Future and Retirement Planning
Securing your financial future is an integral part of retirement planning. Both Patriot Gold Group and Blanchard Company extend retirement planning services, each providing a distinctive approach to fortifying your financial future via investments in precious metals.
Longevity and Stability in Precious Metals Investing
Longevity and stability are vital in the precious metals industry. With over three decades of experience, Patriot Gold Group has demonstrated its longevity and stability in the precious metals market.
Blanchard Company, with over four decades of industry experience, has proven its enduring presence, establishing a proven track record.
Strategies for Diversification
A diversified investment portfolio is key to mitigating risk and maximizing returns. Both companies recommend diversification in their investment strategies. Patriot Gold Group advises clients to consider investing in precious metals IRA accounts to diversify their portfolios.
On the other hand, Blanchard Company presents a diversification strategy within gold, backed by decades of research, to achieve optimal performance over a 5-year period.
Retirement Goals and Milestones
Achieving retirement goals and milestones is a significant aspect of retirement planning. Both companies assist clients in this endeavor. Patriot Gold Group provides services such as facilitating the rollover of 401k funds to Precious Metals IRAs or Solo 401k plans, as well as assisting with investments in physical gold or silver.
Blanchard Company, on the other hand, aids individuals in estimating their retirement needs, identifying sources of retirement income, and emphasizing active planning for a desired retirement lifestyle.
Client Testimonials and Consumer Ratings
Client testimonials and consumer ratings provide valuable insights into a company’s services and customer satisfaction. Both Patriot Gold Group and Blanchard Company have received high ratings, reflecting their commitment to quality and customer satisfaction.
Positive Experiences and Success Stories
Investors who have collaborated with Patriot Gold Group have recounted favorable results, attributing their successes to the company’s guidance and offerings.
Similarly, customers have expressed satisfaction with Blanchard Company, praising the exceptional customer service and overall pleasant investment dealings.
Areas for Improvement
Like any company, both Patriot Gold Group and Blanchard Company have areas for improvement. Clients have expressed grievances about trading fee costs and disputes over the value of coins with Patriot Gold Group. However, the company addresses these areas for improvement by establishing accounts, examining key issues, and executing the work in a prompt and efficient manner.
Industry Accreditations and Ratings
Industry accreditations and ratings are a testament to a company’s commitment to quality and customer service. Both companies have strong industry accreditations and ratings. Patriot Gold Group has been accredited by the Better Business Bureau (BBB) and recognized as a top-rated gold and silver dealer by Consumer Affairs.
Similarly, Blanchard Company holds Nadcap Accreditation and BBB accreditation.
Gold IRA Custodian Partnerships
A gold IRA custodian is indispensable for adhering to IRS regulations. Both companies provide a choice of sanctioned custodians for gold IRA investments, guaranteeing the protection and security of your assets.
Selection of Approved Custodians
Patriot Gold Group collaborates with a diverse range of IRS-approved custodians including The Entrust Group and New Direction IRA, Inc..
On the other hand, Blanchard Company primarily collaborates with GoldStar Trust Company, an IRS-approved custodian.
Coordination Between Companies and Custodians
The coordination between companies and custodians plays a crucial role in the IRA experience. Patriot Gold Group functions as a facilitator in the purchasing and selling of precious metals and collaborates with custodians.
Blanchard Company also provides information on how to add to an IRA, showcasing a partnership that facilitates investments.
Impact on Gold IRA Investors
The selection of the right gold IRA custodian impacts investment results by:
-
Offering guidance and support in making well-informed decisions
-
Ensuring compliance with IRS regulations
-
Providing the option to invest in physical gold.
Both companies offer a selection of approved custodians, ensuring the safety and security of your assets.
Selling Precious Metals: Exit Strategies and Liquidation
Formulating exit strategies and liquidation plans are vital elements of precious metals investment. Patriot Gold Group and Blanchard Company provide avenues for selling and liquidating assets, giving clients the ability to manage this process with simplicity and assurance.
Ease of Liquidating Assets
Both companies offer ease of liquidating assets when needed. Patriot Gold Group offers a straightforward process that includes guidance through the tax-free transfer for rollovers and completing trades within 48 hours.
Blanchard Company offers private transfer with minimal paperwork, selling assets on the open market to convert them into cash or cash equivalents.
Fair Market Value Assessments
Fair market value assessments provided by both companies during the liquidation process ensure that clients receive a fair price for their assets. Patriot Gold Group provides competitive pricing to ensure clients receive fair value for their money.
Blanchard Company determines fair market value by considering various factors, including market conditions, inventory requirements, and the price and availability of assets.
Support During Market Fluctuations
Support during market fluctuations is crucial for any investor. Both companies offer support during market fluctuations, helping clients navigate uncertain times. Patriot Gold Group provides customer support and expert knowledge, while Blanchard Company aids in diversifying portfolios by recommending the inclusion of gold, which historically performs well during periods of market uncertainty and volatility.
Comparing Additional Benefits and Perks
Besides their fundamental services, both companies extend supplementary benefits and incentives that enrich their offerings. With exclusive deals for new clients, loyalty rewards, and referral programs, both companies aim to augment their client relationships and deliver a gratifying investment experience.
Exclusive Offers for New Clients
As a welcome gesture, both companies, including Advantage Gold, offer exclusive offers for new clients. Patriot Gold Group provides up to $1500 in complimentary precious metals for both new and existing customers.
Blanchard Company offers exclusive deals such as:
-
Offering payment for referring a new customer for construction equipment
-
Giving away Gold American Eagles for building or adding to one’s portfolio
-
Offering special financing rates on select new Cat® machines.
Loyalty Rewards and Referral Programs
Patriot Gold Group offers a referral program wherein participants receive one free one-ounce Silver American Eagle coin for every new customer who places a phone order and mentions their name.
On the other hand, Blanchard Company rewards clients who refer new customers with a $250 Cat gift card.
Summary
Investing in precious metals is a significant decision, and choosing the right gold IRA company is crucial. Both Patriot Gold Group and Blanchard Company offer a range of services, from setting up a gold IRA to managing it, providing a diverse selection of precious metals, and offering excellent customer support. They also offer additional benefits and perks to enhance their clients’ investment experience. Ultimately, the choice between these two companies will depend on your specific investment goals and needs.
Frequently Asked Questions
Is Patriot Gold Group a reputable company?
Yes, Patriot Gold Group is a reputable company with strong customer reviews and a good rating from the Better Business Bureau. They are a good option for investing in gold and silver, especially for retirement planning.
Who is the most reputable gold and silver dealer?
Some reputable gold and silver dealers are JM Bullion, American Precious Metals Exchange (APMEX), and American Hartford Gold. Make sure to research and compare before making any purchases.
Who is the best gold IRA company?
Goldco is considered the best overall gold IRA company due to its outstanding track record, A+ BBB rating, AAA Business Consumer Alliance rating, and 4.8 Trustpilot rating.
Who is the best company to buy gold coins from?
The best company to buy gold coins from is JM Bullion, American Precious Metals Exchange (APMEX), or American Hartford Gold, as they are trustworthy and well-known dealers.
What is the importance of quality and purity in precious metals investing?
The importance of quality and purity in precious metals investing is paramount, as it ensures that the metals adhere to IRS-mandated standards for high quality. This is crucial for any investor looking to invest in precious metals.
