Augusta Precious Metals Review
Augusta Precious Metals: Is the high account minimum right for you?
If you're looking to invest in gold for your retirement, Augusta Precious Metals is one of the most reputable companies.
Endorsed by Joe Montana, this gold IRA company is one of the few with absolutely no negative complaints.?
Is now the time to entrust them with your retirement savings?
In-depth Augusta Precious Metals review including pros, cons, what sets them apart, and if there's a more suitable gold IRA provider.
Who is Augusta Precious Metals?
Augusta Precious Metals is a?gold IRA provider?that can help get you started in investing in physical gold and other precious metals. What sets this company apart is its experience; since 2012, Augusta has helped countless people set up IRAs and become more financially comfortable.
Founded by CEO Isaac Nuriani, this family-owned business is located in Casper, Wyoming.
Augusta offers:
At Augusta, they pride themselves on our excellent customer service. We will be with you every step of the way, from enrolling to making withdrawals. Their three commitments to customers are transparency, simplicity, and high-quality service.
Although the account minimum to open a gold IRA is $50,000 - which is higher than many of their competitors - they make up for it in lower annual fees.
WHO AUGUSTA PRECIOUS METALS IS MOST SUITED FOR
You might want to use Augusta Precious Metals as your gold IRA company if:
Goldco requires a minimum investment of $25,000 if you're looking for a lower amount, and American Hartford Gold allows you to invest whatever you want.
PROS & CONS
Pros:
Cons:
Augusta Precious Metals' Unique Strengths
After doing your research, you may notice that a lot of?gold IRA companies seem pretty indistinguishable. However, it's crucial to remember that the future is at stake here–you want to choose a company with which you feel confident.
With that in mind, Augusta Precious Metals offers 3 unique selling points:
1. Education is of utmost importance.
Being pressured into investing your nest egg into gold can be overwhelming, to say the least. Before making any decisions, take a step back and evaluate if this is right for you.?
Augusta Precious Metals strives to ensure that its customers are always informed and buying for the right reasons. They take care to understand your goals so they can help you make the best decision about whether or not a gold IRA is right for you.
Before you commit, join us for a free 1-on-1 web conference led by Devlyn Steel. You'll leave the session knowing everything about gold--the risks, rewards, and?scams to avoid.
Our team will answer any questions you may have until you feel comfortable with your decision. You're never obligated to open an account if you don't want to.
If you're not ready to talk to anyone, that's okay. You can still get their free Gold IRA Lies guide so you can learn more and be protected from scammers.
2. SUPPORT FOR LIFE
When you become an Augusta customer, you will have a whole team of gold professionals at your beck and call for help - forever.
You'll have a personal agent who will always be there to answer your questions. They'll connect you with other experts who can help with:
Augusta strives to be your partner for the long haul, throughout your entire journey.
3. THE MOST SATISFIED CUSTOMERS
Almost all of Augusta's reviews are positive, with customers lauding the company's advisors and services.
Hundreds of satisfied customers recommend the gold IRA that even star quarterback Joe Montana uses.
Our customers have said that they feel valued by the Augusta team and that we never pressure them into buying. Our reps are always willing to answer questions and guide them through the process.
In addition, customers who participated in the webinar expressed how insightful it was and that it helped determine if a precious metals IRA rollover is best for their retirement planning.
If you want to begin investing with Augusta Precious Metals, here's what we recommend.
If you're looking to open an IRA account, Augusta makes it easy. They've streamlined the process so all you have to do is a few simple steps:?
Don't fret if you're uneducated about paperwork or buying coins - Augusta will guide you through every step.
MINIMUM, PRICING, AND FEES
Augusta Precious Metals has a $50,000 account minimum- much higher than other gold IRA competitors.
If you are transferring funds from a 401k or IRA, $50k is probably not a large sum.?Augusta's fees are as follows:
You'll pay $250 for the first year, and then $200 per year after that. You won't have to worry about management fees, shipping fees, or insurance charges.
Augusta also imposes a margin on its customers when they buy precious metals. This markup fee is different for each product, and according to Augusta's Transaction Agreement, can be as much as 66% for premium coins. While this percentage may seem high at first glance, it's more typical for other companies' standard bullion products.
Augusta's fees are often more affordable than their competitors. We'll review some examples later on.?
What can Augusta Precious Metals do for you?
Augusta Precious Metals offers many products and services, including:
Adding physical gold and silver to your IRA account
Augusta Precious Metals' main offering is the Physical Gold and Silver IRA, which lets investors with $50,000 or more invest in gold and silver as a part of their retirement account that gets certain tax benefits.
Augusta's chosen custodian is Equity Trust. With over 45 years in the business, they're a self-directed IRA provider that services customers across America and boasts $34 billion in assets. Augusta will serve as your go-between to Equity Trust, though you're always welcome to contact them directly and have full autonomy when it comes to investments.
Your gold and other valuables are stored with a company that follows IRS regulations, the Delaware Depository. This exchange-approved depository is used by the Chicago Mercantile Exchange and Intercontinental Exchange.?
Physical security is not the only protection your gold and silver will have; it will also be insured for $1 billion by Lloyd's of London.
领英推荐
Augusta's Physical Gold and Silver IRA compare favorably to its competitors, as shown below.
You can now invest in IRA-eligible gold and silver coins!
Your IRA account can only invest in specific types of bullion and coins that meet the requirements set by the IRA.
Augusta Precious Metals IRA-Eligible Coins and Bullion List:
Because current pricing isn't listed, you'll have to call Augusta Precious Metals for more information.
BUY GOLD AND SILVER TODAY
You can purchase gold and silver bullion to store at home, in addition to investing in a Gold or Silver IRA.
At Augusta Precious Metals, we offer a variety of gold and silver bullion options for you to choose from, including:
Unlike other gold and silver coins, bullion prices are unlisted. For the most updated pricing, please contact Augusta Precious Metals directly.
BUY-BACK GOLD PROGRAM
Even if you have no intention of selling your gold in the near future, circumstances could always arise that would lead to a hasty sale.
Augusta's Gold Buy-Back Program is beneficial because you can always count on them to buy your gold back-- even if you need the cash quickly. By selling your gold back to Augusta, you don't have to look for other buyers yourself. Although they cannot promise that they will always be able/willing to buy your gold, they've never said no in the past.
While you can sell your gold independently of Augusta, it's often a hassle to find buyers or local dealers willing to give you a good price. With our buyback program, you can be confident that we will repurchase your gold at fair rates.
ARE AUGUSTA PRECIOUS METALS SAFE?
In order to ensure the physical gold and silver in your retirement IRA account is secure, you'll want to take certain precautions.
Augusta Precious Metals has partnered with the Delaware Depository for secure storage of our valuables. This depository is IRS-approved and experienced in handling precious metals.
You are protected against all risks with a $1 billion insurance policy from Lloyd's of London when you store your gold and silver with us.
You can even visit your storage facility to see your metals in person. Your custodian will gladly arrange a tour for you.
AUGUSTA PRECIOUS METALS FAQS
Can you trust Augusta Precious Metals?
Augusta Precious Metals is a reliable precious metal IRA provider. They have partnered with custodian Equity Trust, which has been in business for over 45 years and currently holds $34 billion in assets.
With London underwriters securing it, your gold and silver IRA is stored safely in depositories like Delaware Depository--which has $1 billion all-risk insurance.
The Better Business Bureau gives them an A+, and the Business Consumer Alliance rates them as AAA. Their customer ratings average over 4.9 stars.
If you need more convincing, the CTFC has composed a?useful guide?on how to spot fraud related to precious metals.
Are gold, silver, and other metals still lucrative investments?
Although we can't provide you with direct investment suggestions, it's important to remember that Gold and silver typically offer a reduction in risk for those primarily invested?in stocks because the two don't share a strong correlation.
Diversifying your investment portfolio is usually a solid choice. If you add precious metals to the mix, you can buffer yourself against stock market volatility.
Whom will Augusta Precious Metals benefit the most?
Augusta Precious Metals is ideal for retirement investors looking to branch out from stocks and other similar investments. To get started, you'll need at least $50,000 saved up.
Which metal should you invest in right now for the best return?
Whether you're a beginner or an expert in the market, it's difficult to know which metal will have the best return.
Diversification is key to Stabilizing your place in a market that's constantly changing. If you're new to investing, gold and silver are the best metals to start with due to their easy access and continuous buy/sell cycles.
The benefits of investing in precious metals.
Although it's impossible to know definitively whether or not now is a good time to invest in precious metals, they can be a smart addition to an investment portfolio that consists mostly of stocks and other investments. Precious metals also have a low correlation with the stock market, which means they can help offset some of the volatility inherent in investing.
Augusta Precious Metals vs. The Competition
Now that you know what Augusta Precious Metals is and the services they offer, remember there are other great precious metals IRA providers out there.
With that said, let's see how Augusta fairs in comparison to some of its stiffest competition: Goldco, Noble Gold, and Birch Gold Group.
Now, let's go over some essential stats. For Goldco, the minimum investment is $25,000 while Augusta's is lower at $200 annually. Although both have a markup starting at 7%, Goldco offers a higher return.
If you make an investment of at least $50,000 with them, they will give 5% back to you in premium silver. additionally, if your investment is over $100,000 ,you 10% more silver.
Customers tend to review Goldco and Augusta similarly.
Besides gold and silver, Augusta also offers palladium and platinum as investment options.
Augusta and Goldco are both well-regarded for their personal service and customer support. One key difference between the companies is that Augusta offers price matching on precious metals coins and bullion, while Goldco does not.
While you might save on fees by going with Augusta, it has a minimum investment of $50,000. If that's too pricey for you or if you want to invest in palladium or platinum, Goldco may be worth the slightly higher cost.
NOBLE GOLD INVESTMENTS
Although Noble Gold has a minimum investment of $20,000 and setup & annual fees that range from $80 - $150, their markup is where they make most of their money at 9% - 11%.
The reviews from customers show that Noble Gold is similar to Augusta.
In conclusion, Noble Gold provides similar services to Augusta and even use Equity Trust as its custodian. Additionally, they have a gold buy-back program like Augusta does.
If you can't afford Augusta's $50,000 minimum investment, Noble Gold may be a good alternative for you with its lower minimum investment of only $20,000.
BIRCH GOLD GROUP
Birch Gold Group is one of the most affordable gold IRA companies, with a minimum investment of only $10,000. In addition, their annual fee is an incredibly low $200 – and they even waive this fee for accounts over $50,000 in value.
Customers tend to give similar reviews to Birch Gold Group as they do Augusta.
Although both charge fairly similar fees and have comparable service, Birch Gold Group offers palladium and platinum in addition to gold and silver--something Augusta Precious Metals does not.
While both options are fine, you will be able to reach the $10,000 minimum set by Birch Gold Group more easily than the $50,000 required by Augusta.
I also urge you to check out American Hartford Gold.
Conclusion
Augusta Precious Metals is a trustworthy provider of gold and silver IRAs. They primarily have positive reviews and don't seem to have any major flaws compared to other well-known precious metals IRA providers.
Though their $50,000 minimum investment is relatively high, They offer incredible customer service that will support you for the entire duration of your account.
Thanks for reading, and please DM with any questions.