Disclosure : The information provided on this website is for educational purposes only. Consult with a financial professional before making any investment decisions.We may be compensated if you use companies, products or services based on our recommendations. Learn more.

Augusta Precious Metals Review – Is This Gold IRA Company Right for You?

You might want to diversify your portfolio by putting some funds in precious metals or want to make a profit by investing in silver or gold. Whatever is the reason, it is important to find the right precious metals company to get the desired benefits. Augusta Precious Metals is one such company you may consider working with.

In this review, we discuss various aspects of Augusta Precious Metals and take an in-depth look at their offerings, pros, and cons to help you understand whether it is the right precious metals company for you.

Augusta Precious Metals Company Overview

Established in 2012, Augusta Precious Metals is a family-owned seller with strong customer ratings and one of the prominent providers in the gold IRA market. The company is service-oriented, helping individuals diversify their retirement portfolios by adding silver and gold through self-directed IRAs. As one of the leaders in the field, Augusta focuses on simplicity and transparency.

Augusta Precious Metals helps investors open a self-directed precious metals IRA and purchase physical silver and gold outside of retirement accounts. The company stands out for offering lifetime support, assisting customers throughout the life of their IRA, from account setup to ongoing management. Augusta is known for its specialized services, an efficient IRA setup process, and personalized support from dedicated agents.

Augusta Precious Metals is led by CEO Isaac Nuriani, who has extensive experience in the precious metals industry and focuses on educating investors about the benefits of integrating physical gold and silver into retirement portfolios.

Overall, Augusta aims to provide a trustworthy and educational experience for investors seeking to enhance their retirement savings through precious metals, positioning itself as a reputable choice in the industry.

Official Site: https://www.augustapreciousmetals.com/
Headquaters: 5830 East 2nd Street, Casper, WY, US 82609

Phone: 855-937-3093

What Does Augusta Precious Metals Offer?

If you’re seeking to diversify your investment portfolio with a precious metals IRA, Augusta Precious Metals specializes in helping clients establish self-directed IRAs, including 401(k) rollovers and IRA transfers, that allow for gold and silver investments. The company has a trained and experienced team that assists individuals with rolling over existing retirement accounts and setting up new IRAs specifically designed for holding precious metals. You will work with one of their self-directed IRA specialists, who will guide you through the process in a straightforward and efficient manner.

For those looking to invest in precious metals outside of a retirement account, Augusta also offers direct purchases of gold and silver, with a minimum investment of $50,000 required for both IRA and non-IRA transactions.

Augusta Precious Metals offers 7-day price protection, allowing you to adjust your purchase price if the metal price drops within seven days of placing your order. The company also provides a money-back guarantee on premium silver and gold coins, allowing for a full refund within seven days if you change your mind

Moreover, Augusta Precious Metals can assist you if you want to liquidate your IRA holdings. They can help sell your precious metals in storage and transfer the proceeds to you, typically within a few business days, providing you with access to your funds. Alternatively, you can choose to have physical gold or silver shipped to you, though this option is subject to IRS rules and may incur additional shipping fees

Augusta Products and IRA Approved Coins

In a precious metals IRA, investors can diversify their portfolios by including a variety of precious metals, primarily gold and silver. IRA-approved coins serve as a valuable investment option for individuals looking to enhance their retirement savings through precious metals. By adding these coins to your IRA, you can benefit from a sense of security and the potential for long-term growth.

Gold is a popular choice for IRA investments, requiring a minimum purity of 99.5%. This high standard ensures the gold’s value and quality over time.

Silver is another excellent IRA option, with a minimum purity requirement of 99.9%. This ensures top-quality silver, making it a highly sought-after asset.

Augusta Products Available: Common Gold & Silver Bullion, Premium Gold & Silver, and IRA-Approved Coins

1) Common Gold & Silver Bullion is a safer, more predictable investment if you’re focused on wealth preservation or retirement savings. It’s easier to buy, sell, and store, and its value is more directly tied to the price of gold. Popular forms of common gold bullion include gold bars from approved refiners and widely recognized gold coins, such as the American Gold Eagle and Canadian Gold Maple Leaf, both eligible for inclusion in a Precious Metals IRA

2)Premium Gold & Silver may appeal to collectors or those seeking higher-risk, higher-reward investments, such as 2017 Royal Canadian Mint, Australian Striped Marlin. However, they come with higher costs, less liquidity, and risks tied to collector demand. Additionally, not all premium items are IRA-approved—only those that meet the IRS’s purity standards (99.5% for gold, 99.9% for silver) are eligible.

3) IRS-Approved Gold & Silver Coins

Here are several IRS-approved gold and silver coins that you can consider adding to your investment portfolio through Augusta Precious Metals:

Gold Coins

• Gold American Eagle Proof Coins
• Gold American Eagle Coins
• Gold American Buffalo Coins
• Gold Canadian Eagle Coins
  
• Gold Canadian Mapple Leaf Coins

Silver Coins

• Silver American Eagle Coins
• Silver Canadian Maple Leaf Coins
• Silver Canadian Soaring Eagle Coins
• Silver Canadian Eagle with Nest Coins

Gold IRA companies typically do not list bullion prices online due to the daily fluctuations in the value of gold and silver. Pricing is provided on a case-by-case basis to ensure accuracy and reflect current market conditions. They may offer price charts to show market trends, but final pricing is determined individually based on the current value of the metals.

If you’re looking for a long-term, stable investment, IRA approved gold bullion is typically the better option.

Augusta Precious Metals IRA Custodians

Augusta Precious Metals focuses on providing clients with a reliable custodial solution for their precious metals IRAs, primarily partnering with Equity Trust as its chosen custodian. The role of a custodian is to manage and safeguard the assets within an IRA, ensuring that all transactions comply with IRS regulations.

Equity Trust specializes in self-directed IRAs, allowing clients to invest in a variety of assets, including precious metals. The custodian handles the administrative tasks associated with managing the IRA, such as maintaining account records, processing contributions, and executing transactions. This operational support is essential for investors who may not have the time or expertise to manage these aspects on their own.

Secure Storage With Augusta Precious Metals

Augusta Precious Metals facilitates storing your gold IRAs in a non-government, secure storage facility, Delaware Depository. The company also offers a number of IRS-approved depositories scattered across the country to choose from. When you confirm your purchase of precious metals, it is sent to the facility in 7-10 days and stored safely. They take care of the necessary steps to get the precious metals delivered to your preferred facility with complete safety.

Some of the secure storage depositories where Augusta Precious Metals stores the customer IRAs include:

• Wilmington, Delaware
• New York, New York
• Los Angeles, California
• Las Vegas, Nevada
• Bridgewater, Massachusetts
• New Castle, Delaware
• Nampa, Idaho
• Jackson, Ohio

When you set up a precious metals IRA with Augusta, you can have confidence that your silver or gold will be securely stored at an IRS-approved facility with industry-standard security protocols.

Augusta Precious Metals Fees

Augusta Precious Metals operates with a clear and transparent fee structure, with no hidden charges. To open an account, there is a one-time fee of $50. In addition, there is an annual fee of $200, which covers both custodian services and the secure storage of precious metals at the Delaware Depository, a well-known and trusted facility.

For account management, Augusta works with Equity Trust as the custodian, while physical gold and silver are stored at the Delaware Depository, which is recognized for its high security standards.

As part of their promotional offer, Augusta provides clients with the opportunity to have up to 10 years of annual fees waived. The number of years for which fees are waived depends on the size of the investment, with larger investments qualifying for more years of waived fees. You are advised to contact Augusta directly to understand the specific terms and conditions related to this offer.

This straightforward and transparent fee structure allows investors to clearly understand their financial obligations and provides options to manage costs effectively, particularly for those making larger investments in precious metals IRAs.

Things to Know About Gold and Silver IRAs

Investing in a Gold and Silver IRA offers a unique opportunity to diversify your retirement savings with physical precious metals. This type of account allows you to hold assets like gold and silver bullion, which can act as a hedge against inflation and economic uncertainty. Unlike traditional investments, precious metals can provide stability during market fluctuations, making them an appealing option for long-term investors.

It’s essential to be aware of the IRS regulations governing Gold and Silver IRAs. The IRS mandates that only specific types of metals can be included in these accounts, with gold needing a purity of at least 99.5% and silver at 99.9%. To manage your account and securely store the physical metals, you must work with a qualified custodian. This relationship involves various fees, including setup, storage, and transaction costs, so it’s crucial to compare different custodians to find the best fit for your investment strategy.

Augusta Precious Metals offers a transparent fee structure and professional service to help you set up and maintain your Gold and Silver IRA. Their team can guide you through the process, ensuring compliance with IRS regulations and providing information on investment options that align with your goals

Additionally, Gold and Silver IRAs provide tax advantages, allowing your investments to grow tax-deferred until you withdraw funds in retirement. However, early withdrawals can incur penalties, making it important to plan accordingly. Overall, while a Gold and Silver IRA can enhance your retirement portfolio, understanding the associated regulations, fees, and market dynamics is vital for making informed investment decisions.

Other Investment Opportunities

Those who are interested in purchasing silver and gold for investment rather than adding them to a self-directed IRA may find Augusta Precious Metals useful. Investing in precious metals outside an IRA offers diversification benefits, but it’s important to note that while there are no early withdrawal penalties, you may still be subject to taxes on any gains when you sell your investment.

Moreover, you can manage such a precious metal investment the way you like. You can choose to store your gold and silver wherever and however you want and are not bound by IRS regulations. The precious metals team at the company is quite helpful to customers willing to make a gold or silver purchase. They answer any queries you have and offer advice and guidance. You can also benefit from the team’s expertise by scheduling a one-on-one web conference with an expert.

Augusta Precious Metals offers a selection of silver bullion, gold bullion, and premium silver and gold coins. Depending on your investment goals and preferences, you can choose from a variety of IRA-approved gold and silver coins and bars.

How to set up a Gold IRA with Augusta Precious Metals

Setting up a Gold IRA with Augusta Precious Metals is a streamlined process focused on helping you protect your retirement savings. Here’s how to get started:

1) Request the Gold IRA Guide: Begin by requesting Augusta’s comprehensive Gold IRA guide. This guide provides valuable information about the benefits of a Gold IRA, the investment process, and answers to common questions.

2) Contact from a Specialist: After requesting the guide, a specialist from Augusta Precious Metals will reach out to you. During this conversation, they will discuss your investment goals, provide personalized advice, and clarify any questions you may have.

3) Open Your Gold IRA: The specialist will guide you through the necessary paperwork to open your Gold IRA, ensuring compliance with IRS regulations.

4) Funding Your Account: You can fund your Gold IRA through a rollover from an existing retirement account or by making a direct contribution. Augusta’s team will assist you in this process to ensure a smooth transition.

6) Select Your Gold Products: Choose from a variety of IRS-approved gold bullion and coins. The Augusta team will help you select products that align with your investment strategy.

7) Secure Storage: Finally, arrange for secure storage through an IRS-approved depository. Augusta partners with trusted custodians to ensure your precious metals are safely stored.

By following these steps, you can confidently set up your Gold IRA with Augusta Precious Metals.

Advantages & Disadvantages of Augusta Precious Metals

Here are some of the benefits and limitations of Augusta Precious Metals.

Advantages

• Strong reputation – The company has received numerous positive customer reviews and high ratings
• High-quality support – Customers receive lifetime support for their accounts and get a personal agent who works with them through transaction
• Education-first strategy – The company offers a comprehensive collection of educational resources on its website and provides free one-on-one consultations with trained economists.
• Streamlined and transparent process – Augusta has dedicated departments for quality control and teams are experienced enough to ensure a transparent and streamlined process for customers.
• Gold and silver IRA specialization – The company has a focus on silver and gold IRAs and is specialized in helping customers with these products.
• Fee reimbursement – Qualifying customers are given up to ten years of fees reimbursed to their IRAs.

Disadvantages

• Higher minimum investment – You must have at least $50,000 in the account to invest in IRA with this company.
• No support for cryptocurrency – While many other companies offer cryptocurrency investment options, Augusta only focuses on precious metals.

Augusta Precious Metals Customer Reviews and Ratings

Augusta Precious Metals has received strong ratings on various review platforms, reflecting a positive reputation in the industry. The company is noted for its commitment to customer service and transparency. Augusta has maintained a strong track record, with no customer complaints currently on record, which sets it apart in the gold IRA industry. This lack of complaints suggests that the company effectively addresses client concerns and maintains high standards in its operations. Overall, these factors contribute to Augusta’s reputation as a reliable choice for those interested in investing in gold and silver IRAs.

Here’s a summary of the ratings:

BBB Rating: A+ (see details)
BCA Rating: AAA (see details)
Trustlink:5.0 Stars(see details)
Google Rating: 4.9 Stars (see details)
Trustpilot : 5.0 Stars(see details)
Consumer affairs: 5.0 Stars( see details)

Here’s what customers had to say about Augusta Precious Metals:

( Review posted on BBB)

(Review posted on Consumer affairs)

(Review posted on trustlink)

These ratings indicate that Augusta Precious Metals is viewed as a reputable option for investors interested in precious metals IRAs. The positive scores across various review platforms suggest a focus on customer service and transparency, which may be important factors for those considering their investment choices.

Conclusion

If you are thinking about investing in gold and silver or looking for a simple way to set up a precious metals IRA, Augusta Precious Metals is certainly worth considering. Augusta offers a 7-Day Money-Back Guarantee, providing new investors with the opportunity to make their investment with added confidence. Additionally, they waive annual fees up to 10 years for qualifying customers, making it more affordable to get started with your Gold IRA.

Augusta offers a buyback guarantee, allowing customers to sell their precious metals when needed. This provides reassurance that your investment can be liquidated without significant loss of value. Additionally, Augusta provides a variety of gold and silver products, giving customers the flexibility to select from a range of options that align with their investment preferences and goals.

Augusta is recognized for its customer service, comprehensive educational resources, and efficient IRA process. As a trusted precious metals provider, the company aims to assist customers in diversifying their investment portfolios. By offering a range of precious metal options, Augusta helps individuals manage their retirement savings with a focus on long-term financial planning

While the minimum investment of $50,000 might not suit every investor, those who meet this threshold can benefit from Augusta’s educational resources, strong customer support, and valuable perks such as fee reimbursement for larger investments. Otherwise, you might consider other companies, such as Noble Gold and American Hartford Gold, which have a lower entry point. you can use  this tool to test gold IRA companies for ethics

In conclusion, Augusta Precious Metals is widely regarded as a trusted partner for those looking to invest in gold and silver or establish a precious metals IRA. The company is known for its strong customer service, responsive support, and educational resources designed to help investors make informed decisions.

Official Site: https://www.augustapreciousmetals.com/
Headquaters: 5830 East 2nd Street, Casper, WY, US 82609

Phone: 855-937-3093

Annual Fee: $200
Cash deals or IRA Process:  Minimum Investment $50,000

Promotions : ZERO setup, custodian & storage fees for up to 10 years for qualifying customers.

What We Like Most About Augusta Precious Metals.

• A+ BBB rating. AAA from Business Consumer Alliance. Numerous 5-star ratings from customers.
•  7-Day Money-Back Guarantee. Account-opening assurance
• ZERO setup, custodian & storage fees for up to 10 years for qualifying customer
  
• Buyback Guarantee. Sell your precious metals back to Augusta with assurance.
• One-on-one web conference with a trained expert.
• Focus on educating consumers, not using high-pressure tactics.

Frequently Asked Questions