Jack Hanney, Senior Partner, explains the process of investing in precious metals

JH: My name Jack Hanney, Senior Partner of Patriot Gold Group. We are often asked by metals market newcomers, what’s the process moving forward with gold and silver. It’s a fairly quick, simple nd easy process. The first question we’ll ask is whether or not it’s a cash purchase or a self-directed precious metals backed IRA.

If it’s a cash purchase, you speak to a Senior Partner and discuss with them the dollar amount you’re looking to work with, ballpark figure, your risk tolerance and what your objectives are. The two of you put together a portfolio, you write the trade and you do a recorded confirmation compliance call. Upon receipt of your funds, the metals are shipped to your door within three to five business days. If it’s a self-directed precious metals backed IRA, keep in mind PGG is never in receipt of your funds.

The funds simply roll over from your existing custodian in a traditional IRA, to a third party passive custodian whether it be equity trust institutional, gold star or self-directed IRA services. It is a non-reportable, non-taxable, non IRS event. Again, the funds never leave your retirement account. Upon receipt at the custodian, we get notified of receipt of those funds and we follow the same process we had with the cash trade. You discuss again with the Senior Partner what your objectives are, risk tolerance and we discuss diversification.

We write the trade. We do a recorded confirmation compliance call, and then the metals are shipped, registered and insured, whether it USPS, Fedex or UPS to the Delaware depository, the DDSC, which is a non-governmental, private depository. Your metals are then stored in a segregated, secured and insured storage facility.