Augusta Precious Metals Review - Best Gold IRA Investment Companies of 2023, Reviews & Ratings (2024)

Augusta Precious Metals Gold IRA

Augusta Precious Metals is a highly rated gold IRA company known for its transparent pricing structure, which helps clients keep their overhead costs low and know what their payments will be.

Pros:

  • Transparent, low-cost fee structure
  • 100% money-back guarantee
  • Guaranteed fair pricing on purchases

Cons:

  • Limited selection of metals, with no options for platinum or palladium
  • No minimum investment specified
  • No online ordering available

Augusta is a family-owned business that has been operating since 2012 and has built a strong reputation for honesty and transparency. It has received one of the top ratings from the Business Consumer Alliance (BCA). The company offers a money-back guarantee, guaranteed pricing, and seven-day price protection. Additionally, Augusta partners with Delaware Depository, a reputable storage company with vault locations across the U.S.

While Augusta has excellent customer service and seamless onboarding, transaction processing, and paperwork assistance, it requires high minimum investments for establishing a Gold IRA and focuses mainly on coins and bullion rather than other precious metals. Online purchases are not possible. Despite these drawbacks, Augusta is a good choice for those looking for a transparent pricing structure for their IRA rollovers.

Augusta Precious Metals Review - Best Gold IRA Investment Companies of 2023, Reviews & Ratings (1)

Augusta Precious Metals Investment Company

Augusta Precious Metals Investment Company is a top-performing precious metals IRA company that is highly regarded by customers. The company provides comprehensive information about investing in precious metals and gold, including details about its cost structure, which is attractive and transparent.

Augusta is dedicated to helping its clients make informed investment decisions, offering a variety of services to support them. The company’s representatives are available to answer any questions and help clients choose the best metals for their portfolios. Additionally, Augusta provides free web conferences led by a Harvard-trained economist, which can help clients understand the long-term performance of the precious metals market.

Opening an account with Augusta is straightforward, as the company’s agents will assist with filling out forms and pre-selecting metals. With its high customer service ratings and attractive pricing structure, Augusta is a top choice for those looking to invest in a precious metals IRA.

Augusta Precious Metals Review - Best Gold IRA Investment Companies of 2023, Reviews & Ratings (2)

Investors searching for a transparent investment option should consider Augusta Precious Metals. This company stands out as one of the few providers that offers clear and visible IRA investments. You can check the latest prices of your preferred precious metals in the Market News section of the company’s website. Additionally, Augusta offers free educational webinars and personalized web conferences with a financial expert to provide even more guidance.

Augusta Precious Metals is a prominent player in the gold market and strives to support retirement investors by offering ongoing customer service. They are committed to educating customers about the significance of precious metals and the economic environment, so they can make informed financial decisions. The company also has specialized departments for specialized services and assigns a personal agent to every client, making the process of buying precious metals effortless.

Adding physical gold and silver to your retirement portfolio can be a smart way to diversify your investments, gold iras offer many benefits. You will receive a monthly statement and updates on the progress of your account from your investment company. The Augusta agents are always available to answer your questions and help you explore your options. If you’re interested in investing in precious metals, reach out to an Augusta agent to learn more.

Augusta Precious Metals Chosen by Joe Montana

The face of Augusta Precious Metals Investment Company is none other than NFL legend Joe Montana. He has put his own trust in Augusta and is a firm believer in the company’s exceptional service. Known for its transparency in pricing and vast educational resources, Augusta has established a reputation for providing top-notch service.

The driving force behind Augusta’s success is its leader, Isaac Nuriani, who holds a prestigious analytics degree from Harvard Business School.

Augusta Precious Metals - Devlyn Steele

The Augusta Precious Metals Investment Company is a customer-centric organization that prioritizes educating its clients on the benefits of investing in precious metal IRAs. With a focus on transparency and low-pressure sales tactics, Augusta offers expert guidance from its senior economist, Devlyn Steele, to help investors create an investment plan tailored to their needs.

Before making a decision to invest in an Augusta IRA, it’s important to consider the company’s reputation and ensure that the investment will be secure and grow over time.

Augusta Precious Metals Review - Best Gold IRA Investment Companies of 2023, Reviews & Ratings (3)

At Augusta Precious Metals Investment Company, located in Beverly Hills, you can find a highly rated and trusted precious metals investment firm. The company has a satellite office in the city, in addition to its corporate headquarters in Casper, Wyoming. With a five-star rating on TrustLink and a listing on the Better Business Bureau website, Augusta Precious Metals is a well-respected player in the industry, and is even endorsed by NFL Hall of Fame Quarterback Joe Montana.

As a family-owned and operated business with over five decades of experience, Augusta Precious Metals is dedicated to educating clients about investing in precious metals, and providing exceptional customer service long after the transaction is complete. The company has a strong reputation, reflected in its zero complaints filed with the Better Business Bureau and Business Consumer Alliance, and a proven track record of repeat business.

If you’re considering investing in precious metals, Augusta Precious Metals Investment Company offers a secure and trusted option, without any high-pressure sales tactics. The senior economist, Devlyn Steele, is available to educate and guide clients in creating a personalized investment plan, and the company’s commitment to customer service is unmatched. Don’t wait, start your precious metals investment journey with Augusta Precious Metals today!

==>> Best Precious Metals IRA Companies of 2023

Frequently Asked Questions (FAQ)

What's a Gold IRA?

A Gold IRA, also known as a self-directed IRA, is a retirement account that allows investors to hold precious metals like gold, silver, and other approved metals. This type of account is self-managed, and contributions can be made pre-tax, allowing for tax-deferred investment earnings. There are no income or contribution limits for a Gold IRA.

However, it’s important to note that a Gold IRA is not meant to hold traditional paper assets like stocks, bonds, or funds. Instead, it focuses solely on physical gold and other precious metals. The gold must be kept in a secure storage facility and cannot be held personally by the investor.

The IRS has set guidelines for the fineness of metals in a Gold IRA, and only certain types of gold coins are eligible, including the American Gold Eagle, Canadian Maple Leaf, and the Austrian Philharmonic. An experienced Gold IRA company can assist you in determining what types of gold are acceptable for this type of investment.

What does a Gold IRA cost you?

The fees involved in setting up a gold IRA account can vary, but typically there are three main types of fees to consider. One-time setup fees can range from $50 to $150, with some companies offering to waive the fee for larger deposits. An annual custodial or administrative fee, which can range from $50 to $150, depending on the size of the account, is also common. Finally, there is a storage fee, which is charged annually by the depository, and can range from $50 to $300, based on the amount of gold stored.

It’s important to note that many gold IRA companies do not charge a commission for buying or selling gold, but some do add a markup to the spot price to cover transaction costs. The level of markup can vary, with some companies being more transparent about the added cost, while others are less forthcoming. Direct-buy companies, which eliminate middlemen, can often offer lower markups.

It’s worth noting that fees for a gold IRA are typically higher than those associated with a Roth IRA, which invests solely in stocks, bonds, and mutual funds.

Augusta Precious Metals Review - Best Gold IRA Investment Companies of 2023, Reviews & Ratings (4)

What should I do if I want to buy gold coins or gold bullion?

Gold investors have two options when it comes to buying gold: bullion and sovereign coins. While the price per ounce for both options can be equivalent, based on gold spot prices, sovereign coins are considered to be more secure.

Sovereign coins, such as the American Eagle, Canadian Maple Leaf, and Canadian Maple Leaf, are widely recognized and easy to trade. They also tend to fetch a higher premium compared to bullion bars. The selling of small bullion bars (1 oz.) may be more challenging due to their higher markup. However, larger bullion bars are a better option for institutional investors.

It is important to consider the buyback policies of a gold IRA provider when choosing to invest in gold. A customer-centric and reputable company will have favorable policies for bullion or coins. Bear in mind that the transaction cost for bullion may be higher.

Where Should My Gold Be Stored?

If you choose to hold gold in a gold IRA, it cannot be stored at your residence. Instead, a specialized IRA company will be responsible for setting up your IRA account and purchasing bullion or coins on your behalf. The next step is finding a custodian for your gold, and many gold IRA companies have partnerships with custodians.

It is crucial to choose a reputable and reliable gold IRA company that only works with secure and thoroughly vetted depositories or third-party storage facilities. Some companies have multiple storage locations across the United States, and they typically handle insurance and transportation logistics as well.

As an investor, it’s important to verify that the company has all necessary licenses, insurance, and bonds in place to protect your investment. You can ask to see proof of these and other relevant details.

In accordance with IRS regulations, your gold must be held in an IRS-approved bank and cannot be stored in a safety deposit box or at home.

Disclosure: We are a professional review site that receives compensation from the companies whose products we review and recommend. We are independently owned and the opinions expressed here are our own.

Augusta Precious Metals Review - Best Gold IRA Investment Companies of 2023, Reviews & Ratings (2024)

FAQs

Augusta Precious Metals Review - Best Gold IRA Investment Companies of 2023, Reviews & Ratings? ›

Augusta Precious Metals is not a Scam.

August Precious Metals is a legitimate company. It is registered with the Better Business Bureau (BBB), where it currently holds an A+++ rating. It has also been recognized as the “Best Overall” Gold IRA Company in 2023 by Money magazine.

Is Augusta precious metals legit? ›

Augusta Precious Metals is not a Scam.

August Precious Metals is a legitimate company. It is registered with the Better Business Bureau (BBB), where it currently holds an A+++ rating. It has also been recognized as the “Best Overall” Gold IRA Company in 2023 by Money magazine.

Which is better Goldco or Augusta precious metals? ›

Goldco vs Augusta Precious Metals: Final Thoughts

Goldco offers a lower minimum investment requirement, I suggest Preserve Gold for smaller budget ranges. However, Augusta requires a significant minimum investment, yet offers a wider range of products and more competitive fees.

How to choose a gold IRA company? ›

Assess fees.

The best way to know which gold IRA company and which custodian charges the lowest fees is not by looking at their rate tables but by looking at the price per ounce across multiple companies compared to the COMEX price of gold.

What is the safest precious metal to invest in? ›

"Silver is considered a safe-haven asset like gold, with its value holding or increasing during economic turbulence or geopolitical instability," says Rick Kanda, managing director at Group International/The Gold Bullion Company.

How long has Augusta precious metals been in business? ›

✔For Affiliates: Augusta has become the leading precious metals company since its founding in 2012.

What is the average rate of return on precious metals? ›

Average annual return of gold and other assets worldwide 1971-2024. Between January 1971 and March 2024, gold had average annual returns of 7.98 percent, which was only slightly behind the return of commodities, with an annual average of eight percent. The annual average return of gold in 2023 was 13.1 percent.

What is the safest gold investment? ›

Traditional mutual funds tend to be actively managed, while ETFs normally adhere to a passive index-tracking strategy and therefore have lower expense ratios. For the average gold investor, mutual funds and ETFs are generally the easiest and safest way to invest in gold.

What is better than gold to invest in? ›

Rarity: Platinum is rarer than both gold and silver, which may provide it with higher long-term value potential. Diversification: Platinum can diversify your precious metals portfolio beyond the more commonly held gold and silver.

Where is the safest place to buy pure gold? ›

Some of the most trustworthy and well-known gold dealers include JM Bullion, American Precious Metals Exchange (APMEX) and American Hartford Gold.

How much are gold IRA custodian fees? ›

Generally, there are three sets of fees charged with a gold IRA. A one-time account setup fee can range from $50 to $150. There's also an annual administrative or custodial fee, ranging from $50 to $150 depending on the account's size.

What is the best gold provider? ›

With a solid track record, strong customer service, and more than 20,000 products to offer, APMEX (the largest online precious metals dealer globally) is our choice for Best Overall online gold dealer.

How do I choose an IRA custodian? ›

Self-directed IRAs require a different type of custodian than typical traditional and Roth IRAs, because they allow for investments beyond stock, bonds, and funds. Features that good custodians offer should include a wide range of investment options, low fees, good customer service, and a user-friendly website.

Who is the custodian of the precious metals IRA? ›

GoldStar Trust Company is one of America's leading custodians for self-directed IRAs specializing in precious metals.

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