Premier Gold IRA Partner
AT A GLANCE
- Award winning company
- Committed to total transparency
- Lifetime customer service
- Outstanding customer reviews
A+ BBB Rating
Average review rating 4.9/5 on TrustLink
The Bottom Line: Augusta Precious Metals is a company that prides itself in helping individuals build and protect wealth through silver and gold IRAs. They are committed to a great customer experience throughout the entire rollover process.
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Do you ever worry about how you are going to support yourself when you retire?
Are you someone who doesn't feel comfortable having only one stream of retirement income?
If you answered yes to either of these questions, Augusta Precious Metals might have a solution for you.
Augusta Precious Metals is a family-owned company that sells precious metals and provides investors with gold IRAs, also called precious metal IRAs.
A precious metal IRA is a tax-advantaged Individual Retirement Account that's invested in precious metals rather than in stocks.
The advantage of a precious metal IRA over other types of investments is that despite price fluctuations, they will always be worth something while paper stocks can go down to zero, and bonds can default.
Augusta Precious Metals can help you build-up alternative investments with a precious metal IRA, so you have financial protection in retirement.
Augusta's trained professionals can help you create a personalized investment portfolio to meet your personal financial goals.
In this Augusta Precious Metal Review, we'll introduce you to the company and services they provide.
We'll address common questions about the company and precious metal IRAs in general, and discuss the benefits of this type of IRA, so you can decide whether it's a good investment for you.
Minimum Investment: $100,000
Promotion: Fees waived (depending on the investment amount)
What is Augusta Precious Metals?
Augusta Precious Metals describes themselves as a gold IRA partner. They offer multiple services for those interested in protecting their retirement nest egg through alternative assets.
Potential investors have access to a team of experts that help them every step of the process.
Why Invest in Gold & Silver?
Investing in gold and silver can be a sage financial move because it will never be worthless. However, it goes deeper than that.
A gold IRA serves as a counterbalance for paper assets because when prices of paper assets go down, precious metals usually go up.
Gold and silver investments don't pay any dividends, but they are hard assets and can provide a volatile market safety net.
When other investments aren't bringing in much income, having some money invested in precious metal means you'll always have some funds available.
What Services Does Augusta Precious Metals Offer?
Augusta Precious Metals offer many services for those interested in investing some of their retirement savings in precious metal.
The company provides the following services.
Gold & Silver Cash Purchases
Augusta Precious Metals helps you buy IRS-approved physical gold and silver in a tax-advantaged IRA. When you open your account, you can choose from one of Augusta Precious Metals' insured depositories.
They have different depository storage facilities throughout the US and Canada so that you can choose a convenient location for you. You can even arrange a visit with the depository to see your purchased metals.
The gold IRAs offered by Augusta Precious Metals are self-directed, meaning that investors call the shots. The investors have full control over all the sales and purchasing decisions regarding their IRA.
Gold & Silver Cash Purchases
If you don't want an IRA and would prefer to be in physical possession of precious metals, Augusta Precious Metals can help you with that as well.
It's a simple process and allows you to have full control over your precious metal assets, including how they're stored and secured.
- Open your Augusta Precious metals account and transfer cash to the account.
- Choose from one of the company's pre-selected gold and silver purchase options.
- Sign for delivery and take possession of your precious metals.
Lifetime Customer Support
Augusta Precious Metals sustains a long-term relationship with their customers.
Not only do they walk you through the process of opening your account with them, but they do the majority of the paperwork for you.
You also have access to their service professionals at all times, including:
Augusta Precious Metals Minimum Investment & Fees
Precious Metals IRA
Augusta Precious Metals requires an investment of at least $100,000 for an IRA or a $50,000 investment for a non-IRA. Augusta charges a $50 fee to set-up your account.
They also charge an $80 custodian maintenance fee and a $100 storage fee at the depository fee that's paid annually.
The Cost of Coins and Bullion
The cost of coins and bullion depends on current gold and silver spot prices and market rates.
However, Augusta offers a price-match guarantee, so you know you're getting the best possible purchase price.
Augusta charges a markup of about 5% over cost on purchases of gold and silver bullion coins.
The company doesn't charge shipping and transit fees on qualifying orders.
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Request the gold IRA guide that persuaded Hall of Fame quarterback Joe Montana to protect his retirement with gold.
Who is Augusta Precious Metals Best for?
If you're committed to making precious metals an integral part of your portfolio, Augusta can help.
Augusta Precious Metals is best for people concerned about protecting their retirement nest-eggs through alternative assets and would like a long-term relationship with the company.
What Makes Augusta Precious Metals Unique?
Augusta Precious Metals is unique in its way of doing business. While other companies can provide you with gold and silver, only Augusta stays with its customers through the life of their physical precious metal portfolios.
The company's set-up is highly efficient thanks to their multi-team model.
Every process is streamlined, simple, and painless for customers, which helps save time and money.
The Augusta analytics team is readily available to assist US customers when making important portfolio decisions.
Pros & Cons
Here is a breakdown of some pros and cons about using Augusta Precious Metals' Services
How is gold & silver able to be held in my retirement account?
Gold and silver are held in customer-specific custody fully- insured accounts, separate from the depository's assets and liabilities.
Where will my IRA's precious metals be stored?
Our Delaware Depository will store your IRA's precious metals.
Which custodians are used to do the actual rollovers?
Equity Trust will do the actual rollovers.
Which types of investment accounts can I roll over into a precious metals IRA?
You can rollover both Roth and regular IRAs 401(k), and 403(b) accounts.
Is there a buyback program? If so, what are the criteria
Yes. Although the company says they can't guarantee a buyback to date, no customers have ever had a buyback denied.
You can sell back any precious metals that you bought from them at fair and competitive prices.
Does opening a precious metals IRA require lots of complicated paperwork?
Usually, opening a precious metals IRA does involve a lot of complicated paperwork, but Augusta Precious Metals does most of the work for you.
Augusta Precious Metals Reviews & 3rd Party Ratings
Augusta Precious Metals has a five-star rating from both the Better Business Bureau and TrustLink.
If you look on social media, Yelp, and other review websites, Augusta Precious Metals gets consistently high marks for customer service and ease of use.
Here is a review from the Business Consumer Alliance (BCA):
Augusta is a great company to work with, and I'm glad to know them. I am impressed with the way they go above and beyond to make sure their customers are informed about gold IRAs and know what they're getting into.- John H.
And another from TrustLink:
Knowledgeable, professional, and pressure-free! Very helpful and answered all my questions.- Nancy D.
Finally from Better Business Bureau (BBB)I researched different gold and silver companies. I chose Augusta and could not have been more pleased with their professional approach to me as a customer. They helped make a difficult process of transferring money from an existing 401 to purchase gold and silver IRA.- Ron L.
Augusta Precious Metals Promotions
How to Get Started with Augusta Precious Metals
Getting started with Augusta Precious Metals is a simple four-step process.
Step 1: Upon contacting Augusta, you will connect with a customer success agent. Your customer success agent can answer basic questions and will be your point of reference throughout the process. Their job is to make sure the company meets all your needs.
Step 2: Your customer success agent will then introduce you to the economic analytics team. The analytics team will contact you by phone or web chat and explain what is currently happening with the economy and the gold and silver markets.
Step 3: Once you decide to go with Augusta Precious Metals, your customer success agent will then send you to the IRA processing team, who will help you fill out your new custodian application, transfer, and rollover forms. The team will keep you updated on the process and movement of funds.
Step 4: Once everything goes through and the funds arrive at the new custodian, the IRA processing team will introduce you to the order desk where you can purchase the pre-selected precious metal products of your choice and send them to the secure location you chose.
We hope you found this Augusta Precious Metals Review useful and informative. Augusta is a well respected, honest, and reliable company.
Their unique approach to the purchasing of precious metal IRAs has won them consistently high ratings.If you're still unsure if a gold-IRA is right for you, the Knowledge Center on the company website has some great information you can access for free. You can also contact them by phone or online for more information and to access additional free resources.
Augusta Precious Metals
Augusta Precious Metals is a company that prides itself in helping individuals build and protect wealth through silver and gold IRAs.