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Augusta Precious Metals Review: Pros, Cons (fees waived)

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Augusta is often the best gold and silver IRA provider for customers who are looking for education, transparency and a company consistently known for repeat business.

This company is known as “guardians” of the gold IRA industry. They tell you what to look out for from other gold IRA companies—the company offers a “Bad Reasons to Buy Gold” video series to help you avoid pitfalls.

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Our Partner

Premier Gold IRA Partner

AT A GLANCE

  • Most repeat business, Harvard-trained educators
  • High transparency, zero complaints, award-winning.
  • Provides gold and silver web conferences
  •  1000's of great reviews + Joe Montana
Overall Rating
4.5/5

A+ BBB Rating

Average review rating 4.9/5 on TrustLink

Pros & Cons

Here is a breakdown of some pros and cons about using Augusta Precious Metals' Services:

Pros

  • Extraordinary customer service, consistent 5-
    star reviews.
  • No recorded complaints since company’s beginning.
  • Simple, fast, highly transparent gold IRA account opening process.
  • Joe Montana is an Augusta customer and corporate ambassador.
  • Free gold and silver portfolio reviews & web conference with Harvard-trained director of education and his department.

Cons

  • Thorough, transparent process takes slightly longer than other companies.
  • Don't offer platinum or palladium bullion; only gold and silver.

Do you ever worry how the economy will affect your income 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 the leading gold and silver IRA specialist company that helps Americans understand the economy and sells gain peace of mind about retirement by buying physical gold and silver in IRAs, also called precious metal IRAs. 

The company’s customers include hall of fame quarterback Joe Montana, who instructed his advisors to find the best resource to help him with his retirement savings. They vetted all gold companies in the U.S. and found Augusta.

After participating in one of the company’s one-on-one custom web conferences, he is not only Augusta’s customer but has become its corporate ambassador.

A precious metal IRA is a tax-advantaged Individual Retirement Account that contains physical, tangible precious metals rather than stocks and other paper-based assets. 

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 diversify your retirement accounts with alternative assets in a precious metals IRA, which can help balance your investments and may even help you offset losses from other types of assets.

Augusta is known for its professional, knowledgeable agents who are highly trained specifically to educate consumers about the economy and gold and silver. They can help you create a personalized gold and silver portfolio to meet the personal financial goals you share with them. 

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.

Augusta Precious Metals icon

Quick Summary

Minimum Investment: $50,000

Fees: $180/year

Promotion: Fees waived (depending on the investment amount)

About Augusta Precious Metals?

Augusta Precious Metals describes itself as “Your Premiere Gold IRA Company.” The company offers multiple helpful services for those interested in diversifying their retirement nest egg through alternative assets: physical gold and silver coins and bars.

Augusta provides a streamlined, transparent way to purchase gold and silver. However, even before the purchase process, the company has committed to helping American retirement savers find often-difficult-to-find information about the economy to aid their financial decisions.

Augusta is focused on consumer education beyond the transaction—through the entire life of a customer’s account.

Once a customer decides to purchase gold and silver from Augusta, the company has processes in place that make the act of buying gold and silver in an IRA or outside of an IRA easy, fast and transparent. 

In other words, Augusta’s impressive proprietary process helps customers feel confident about their purchases—no surprises, with access to a the company’s entire team of experts who 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 silver or gold IRA serves as a counterbalance for paper assets, because gold and silver are in an entirely different asset class than other popular retirement savings options.

When prices of paper assets go down, precious metals have been known historically to go up—and not just a little. Augusta’s team can share some of the periods in history when gold and silver prices have soared, even during difficult economic times similar to the ones we are experiencing right now.

Gold and silver investments don't pay any dividends, but are hard assets and as such they can provide a safety net by diversifying retirement accounts when markets are volatile.

Because gold and silver prices tend to go up and down in opposite directions as compared to other investments, when those other assets aren't bringing in much income, having some money in precious metals could help you offset other losses and maximize your overall account value.

Augusta Precious Metals Services

Augusta Precious Metals is a highly service-oriented company that offers a variety of services for those interested in investing some of their retirement savings in precious metal. 

Primarily, the company provides the following services.

  • Gold & silver IRA
  • Gold & silver cash purchases
  • Ongoing education about the economy and metals
  • Access to economic and gold/silver specialists
  • Lifetime client support

Gold & Silver IRA Purchases

Augusta Precious Metals uses its many years of experience to help you buy IRS-approved physical gold and silver in a tax-advantaged IRA. 

To start, the company puts an incredible amount of energy into helping you learn about the economy and how gold and silver fit in, as well as options out there for coins and bars you can purchase. There is a lot to choose from, and it can be confusing. Augusta helps you understand your choices.

When you open your gold IRA account Augusta Precious Metals’ assistance, you can choose from one of several insured depositories. If you don’t know what to choose, you might decide to go with Augusta’s recommended depository: the Delaware Depository in Wilmington, Delaware.

Augusta Precious Metals is dedicated to supporting Americans’ right to choose how they save, so the company works with different depository storage facilities throughout the U.S.

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 through Augusta Precious Metals are self-directed, meaning that investors call the shots. You have full control over all the sales and purchasing decisions regarding your IRA, which is a nice change over feeling as though you are at the mercy of traditional retirement account managers.

One of the distinctive aspects of Augusta Precious Metals is that this phenomenal team is trained to complete 95% of the paperwork with you to make it easy.

The different departments are aligned like the stations on an assembly line, so everything is clear, quick and consistent. Augusta team members are on hand to help you every step of the way and explain everything as the process unfolds, so you can be confident of your purchases and know exactly what to do.

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.

  1. Open your Augusta Precious metals account and transfer cash to the account.
  2. Choose from one of the company's pre-selected gold and silver purchase options.
  3. Sign for delivery and take possession of your precious metals.

Lifetime Customer Support

One of the best things about Augusta Precious Metals is that the company sustains long-term relationships with its customers.

Not only does the Augusta team and your personally assigned agent walk you through the process of opening your account with them, but they do the majority of the paperwork for you. 

You have access to Augusta’s well-trained service professionals at all times, including:

  • A customer success agent - This person is assigned specifically to you and can answer basic questions and connects you to other departments as needed.
  • Economic analytics department - This team watches the economy and gold & silver markets and keeps you up to date via phone or web chat. They help identify threats to your savings and explain how the markets work, which can help you decide how to go forward to maximize your retirement savings.
  • IRA Processing Department - This team handles the ongoing paperwork and talks to your custodian for you.
  • Portfolio support - The Augusta gold & silver agents help you build a personalized precious metals portfolio.
  • Augusta order desk assistance - These professionals will assist you if you wish to buy more gold and silver for your portfolio. They also administer buybacks and can help you rebalance your precious metals portfolio as necessary.

Investment & Fees

Service

Investment Minimum

Annual Fees

Precious Metals IRA

$50,000

$180

Non-IRA

$50,000

$100 (if stored in a depository; $0 if stored by you)

Augusta Precious Metals requires a purchase of at least $50,000 for an IRA or non-IRA. There is a $50 fee to set-up your account.

Gold and silver IRA owners pay an $80 annual maintenance fee to Augusta’s preferred custodian and a $100 annual storage fee at the company’s preferred depository.

The Cost of Coins and Bullion

The cost of coins and bullion purchased through Augusta Precious Metals 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.

Gold IRA: Get This Guide to Learn All About It

Augusta Gold Guide

Request the gold IRA guide that persuaded hall of fame quarterback Joe Montana to diversify his retirement with gold. His financial advisors found Augusta for him, and he was so impressed he not only became a customer but now serves as the company’s corporate ambassador.

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 diversifying 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 clearly 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, providing information and working alongside them to administer additional purchases and buybacks and fulfilling other precious metals needs.

We have never seen a gold company so dedicated to education and support!

The company's set-up is highly efficient,  thanks to their multi-team model. Every step is streamlined, simple, and painless for customers, which helps save time and money. 

The Augusta analytics team is readily available to provide needed information to U.S. customers when they are making important precious metals portfolio decisions. As far as we can tell, you will never be ignored by Augusta agents – even after your transaction is complete.

FAQ's

How is gold & silver able to be held in my retirement account?

Where will my IRA's precious metals be stored?

Which custodians are used to do the actual rollovers?

Which types of investment accounts can I roll over into a precious metals IRA?

Is there a buyback program? If so, what are the criteria

Does opening a precious metals IRA require lots of complicated paperwork?

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 vs. Competitors

most trusted

Goldco logo
  • Annual Fee: $175-$225
  • Minimum Investment: $25,000
  • Promotion: 5% back on metals over $50k

BEST EDUCATION

Noble Gold Investments Logo
  • Annual Fee: $225
  • Minimum Investment: $2,000
  • Promotion: Buy back program

BEST CUSTOMER SERVICE

Advantage Gold logo
  • Annual Fee: $225
  • Minimum Investment: $25,000
  • Promotion: Waived fees on larger investments

Augusta Precious Metals Reviews & 3rd Party Ratings

Many other review sites have ranked Augusta Precious Metals as the #1 trusted gold company in the United States, and we can see why. The company has a 5-star rating from the Better Business Bureau, Business Consumer Alliance, and TrustLink.

If you look on social media, Yelp, and other review websites, Augusta Precious Metals gets consistently high marks for the team’s knowledge, exceptional customer service and ease of use.

In large part, this has to do with the company’s Harvard-trained director of education and a fully staffed education department. The company is also known for its transparency, including prices.

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

Augusta 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.

Final Verdict

We hope you found this Augusta Precious Metals Review useful and informative. Augusta is a well-respected, honest, and reliable company that we wholeheartedly recommend – especially for retirement savers who are looking at physical gold and silver for the first time.

The company demonstrates an exceptional commitment to educating consumers, as well as an ease and transparency of process that you likely won’t find elsewhere. 

Augusta Precious Metals’ impressive approach to the purchasing of precious metal IRAs and its long-term dedication to its customers has won the company consistently high ratings. 

If you're still unsure if a gold IRA is right for you, the Knowledge Center on the Augusta website has some great detailed 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

This company has proven its commitment to exceptional customer experiences and education to help Americans savers use physical gold and silver in an IRA to gain retirement peace of mind.

Augusta Precious Metals icon
  • Editor Rating
  • Rated 4.5 stars
  • 80%

  • Augusta Precious Metals
  • Reviewed by:
  • Published on:
  • Last modified: July 26, 2021


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