Augusta Precious Metals Review – September, 2024
Augusta Precious Metals is a great choice when you're looking to start
This customer-favorite firm continues to rank as a top gold IRA company year after year, giving our other four industry leaders a good run for their money.
Indeed, noted for their experience with IRA and retirement education, Augusta helps customers easily access the power of a gold-backed retirement account.
Winner: Top Trust Scores
Best Gold IRA Score 96.29
5
Spotlight:
- Endorsed by Joe Montana
- 100% Satisfaction Guarantee
- Zero setup fees up to 10 years
- Highest buyback guarantee
- Educates about lies & gimmicks
- Small team of dedicated pros
Call toll-free (855) 559-2724
6 AM to 5 PM
Pacific Time
Positives & Negatives
Augusta Positives
- Over 10 years in business
- Stellar service, transparency & trust record
- Wide range of educational materials
- Top experienced precious metals specialists
- Rapid turnaround and account lifetime support
Augusta Negatives
- No offshore storage
Why Choose a Gold-Backed IRA?
In times of uncertainty, gold has historically often moved independently of other, traditional assets. As such, also from a historical standpoint, gold has been recognized to perform steadily during many periods, even during times of uncertainty. Moreover, Money managers often recommend that a well-balanced portfolio could include some gold exposure. As government deficits and spending rise, this becomes more critical.
Money is gold, and nothing else. If a man had the credit, and I had the money, his customer would be badly off.”
Why Consider Augusta Precious Metals?
- Deep experience in Gold IRAs. Augusta was one of the pioneers of the push to expand the use of Gold-backed IRAs, so they have considerable experience in implementing these accounts. They've created many of these accounts for customers, so they know how to do it right.
- Streamlined process. With their extensive experience, Augusta excels at IRA processing. They have fine-tuned their system so they can take care of 95% of the paperwork with you, so you don’t have to reinvent the wheel to open an account. Thus, that makes them an excellent choice as one of the best gold IRA providers.
- Excellent customer service. Indeed, as a firm that's considered the best for ethics and overall customer experience, they have achieved a consistent and exemplary high level of service. As such, they continue to be considered a reliable, respected gold IRA company.
- Pro-education. Augusta is committed to education, with the effort led by an on-staff Harvard-trained economist. Thus, they provide a popular web conference that helps you get quickly up to speed about precious metals, without having to endure a hard-sell sales pitch.
- Committed to professional standards. They hold memberships in several industry associations, which helps to demonstrate their commitment to professionalism and ethics.
For these reasons, we believe Augusta Precious Metals is always a sound choice when evaluating top gold IRA companies. They are well-positioned to help you set up your gold IRA account right. As importantly, they are easy to work with. To learn more and get started, visit their website or call toll-free (855) 559-2724, 6 AM to 5 PM, Pacific Time.
In brief, it's a good idea to request their free gold guide and introductory kit and sign up for the complimentary educational web conference with their Director of Education.
After you contact them, one of their specialists will be in touch. Furthermore, they can arrange to ship your free kit and answer any initial questions you have about their products and services.
Augusta Precious Metals Reviews
* Augusta thanked past customers for their Augusta Precious Metals review with a silver coin.
Call toll-free (855) 559-2724
6 AM to 5 PM
Pacific Time
* Augusta thanked past customers for their Augusta Precious Metals review with a silver coin.
Call toll-free (855) 559-2724
6 AM to 5 PM
Pacific Time
“I want to applaud Augusta for their team approach, professionalism and efficiency. Their amazing, informative web conference educated me about the economy, so I know what factors affect my savings. I've always known how important it is to have a great team around me. Having Augusta on my team makes me feel good about my decision to add precious metals to my retirement portfolio.”
Joe Montana,
is a customer and paid ambassador for Augusta
Call toll-free (855) 559-2724
6 AM to 5 PM
Pacific Time
Augusta Precious Metals Gold IRA Rating Details
As part of our evaluation, we review customer ratings on several of the nation’s top customer review sites. Here’s more detail on what we found on Augusta.
- Better Business Bureau. Augusta is rated A+, with a 4.94 (out of 5) customer rating based on an average of 104 customer reviews on the Better Business Bureau as of September, 2024. The Better Business Bureau (BBB) is a nonprofit organization dedicated to helping consumers fairly resolve disputes and review businesses. The BBB has served as a source of consumer ratings for over 100 years.
- Google My Business. Augusta is rated 4.9 out of 5 on this popular platform on the Google search engine. This is based on 481 reviews as of September, 2024.
- TrustLink. Augusta is rated 4.9 (out of a possible 5.0) based on 288 reviews as of September, 2024. TrustLink is a rating platform designed to help consumers and businesses build trusted relationships. According to the firm, user reviews are verified only when TrustLink can confirm that the customer did business with the firm they are reviewing.
- Trustpilot. Augusta is rated 4.7 out of 5 on this consumer favorite website. This is based on 59 reviews as of September, 2024.
Augusta Precious Metals Review of Fees and Costs
With Augusta Precious Metals, you can either purchase gold coins for cash or set up your account as a Self-directed Gold IRA. Here is our review of their fees and costs.
(Please note that fee information is current as of this Augusta Precious Metals review.)
Augusta Precious Metals Gold IRAs Fees and Costs
Costs are always an important consideration when picking a provider. Thus, here’s information about the fees and costs you’ll encounter if you work with Augusta Precious Metals.
- The preferred custodian Augusta Precious Metals recommends to customers is Equity Trust, with their preferred secure depository for storage of customers’ physical gold and silver being the Delaware Depository. This company offers a secure non-governmental storage option, strategically located away from financial and political centers. In addition, the facility is inaccessible to the company's creditors.
Fees include $50 one time to open an account, and annual fees of $100 each for administration of the IRA account by your custodian and for storage of metals in the depository. Please note these prices are current as of September, 2024.
- You can set up either a self-directed gold IRA or make a non-IRA direct cash purchase. The company offers complimentary shipping and transit insurance to all customers.
- A minimum investment of $50,000 is applicable for a gold IRA or an outright cash purchase. However, the minimum may be met by buying any combination of precious metals (i.e., gold and silver).
How to learn more: Please call toll-free (855) 559-2724, 6 AM to 5 PM, Pacific Time, to speak with an experienced August Precious metals representative.
Augusta Precious Metals History
Augusta was founded in 2012 and has been in business for over ten years. Isaac Nuriani, Founder and current CEO, created the company to fulfill his mission of effectively educating and empowering people to prepare their retirement savings to face economic uncertainty. As a result of Mr. Nuriani’s vision, Augusta provides a significant amount of customer education.
Mr. Nuriani takes education so seriously that he hired a Harvard-trained economist, Devlyn Steele, to act as the firm’s Director of Education. Thus, Mr. Steele provides many videos and webinars to Augusta's customers so they can stay informed about precious metals and the economy.
Why Consider a Gold IRA with Augusta Precious Metals?
As the global economy becomes increasingly unstable, more and more people are looking for ways to seek diversification and prepare their wealth to hold as steady as possible in the face of many types of economic uncertainty. As a result, one of the most popular choices is investing in gold.
A gold-backed IRA allows you to add a layer of alternative investments to your savings with precious metals. By choosing Augusta as your provider, an experienced team can help you set the IRA up correctly and select the proper metals to purchase. Moreover, this assistance makes it a convenient and flexible way to invest in gold.
In fact, there are many reasons why gold is worth investigating as an option in today's uncertain economic environment:
- Gold is a time-tested tangible asset. Gold prices have stayed relatively consistent during many periods of economic volatility and downturns. This has made gold an the preferred choice of many retirement savers looking for who were looking for ways to increase the stability of their portfolios.
- Gold's Intrinsic Value. As a physical asset, gold has built-in value and is often not correlated with the same economic forces that cause the prices of other assets to fluctuate.
- Gold is a global currency. Gold may not respond the same way as fiat currencies to political or economic factors.
- Retirement savers have used gold to seek more stability in their savings. People have diversified with gold for generations to mitigate risk and plan.
Gold IRAs have provided a powerful framework for retirement savers looking for a reliable way to prepare their savings for the future with gold.
What is the Process to Establish an Augusta Precious Metals Gold IRA?
As a top gold IRA company, working with Augusta makes your investing experience easy. The most important consideration is ensuring you comply with all rules and regulations. Thus, working with Augusta’s experienced team can help ensure everything is done correctly.
To open your new account as quickly as possible, as well as get any questions that you may have answered to your satisfaction, get ahold of an Augusta representative toll-free (855) 559-2724, 6 AM to 5 PM, Pacific Time.
Step 1. Setup a Self-Directed IRA (or Arrange a Rollover)
First, you'll need to set up a new account or arrange a rollover of an existing account. In addition, your Augusta representative can help you prepare most of the paperwork and will always recommend that you first speak with your legal, financial and tax advisors.
Step 2. Select a Custodian
The next step will be to pick a custodian. IRS regulations require a separate custodian. The Augusta team can help you select an appropriate self-directed ira custodian well versed in precious metals for this account.
Step 3. Purchase Your Metals.
Next, you'll need to select the gold (or other precious metals) you'd like to invest in. Please note that these need to be IRA-eligible products that meet specific requirements. In any case, the Augusta representative will help you select appropriate investments for your IRA and coordinate purchasing through your IRA account.
Step 4. Plan for Safekeeping
The last step is taken care of by your custodian. They will coordinate the storage of your gold investment in an appropriate depository of your choice. In addition, the depositories recommended by Augusta are all high-security locations, using state-of-the-art security to protect your gold investment.
That’s it! You now own gold in your retirement account. Therefore, you can rest assured your metals are always safe and secure.
Frequently asked questions about Augusta Precious Metals
How do I roll over an old retirement account to an Augusta Precious Metals Gold IRA?
If you have an old retirement account that you would like to roll into a gold IRA, it is usually a straightforward process. However, it must be done correctly, or you can risk severe penalties.
This is where Augusta can help you make the process easier. Augusta will assist you in completing most of the paperwork to complete a direct transfer of the account from the current custodian to the new one.
Once you have completed the paperwork, the money will be sent from the old financial institution into your new gold IRA. Once it is there, Augusta will help you compile your metals portfolio and finalize the purchase so your IRA will be put in place compliantly.
What types of gold and silver products does the company offer for an Augusta Precious Metals Gold IRA?
Augusta offers gold and silver bullion coins, bars and premium coins. Please note that only certain products are eligible for use in an IRA. Contact Augusta Precious Metals for further information.
Will Augusta accept trade in gold or other precious metals?
Yes, the company will consider purchasing what you own. However, by law it is not able to guarantee a sale or a specific price.
How do you handle taxes when I sell my gold and silver back to Augusta?
Augusta Precious Metals are not tax advisors, nor are they financial advisors. As such, for your protection they will never provide any form of tax advice or suggest that investing in precious metals could result in tax benefits. If asked, they will always remind their customers that they are not financial or tax advisors and recommend that you speak with your legal, financial and tax advisors.
How do you ensure the security of my Augusta Precious Metals Gold IRA physical metals while in storage?
These depositories not only provide physical security but also ensure the metals held against the most common losses.
What are my payment options for an Augusta Precious Metals Gold IRA?
For all purchases, the company only accepts bank wire transfers. All funding for your IRA will be by annual contributions or a rollover from an existing retirement account. Unquestionably, this process requires careful coordination; Augusta staff will assist you in arranging it to help ensure you remain in compliance with all regulations.
What should I look for in a precious metal dealer?
When looking for a gold IRA company, there are a few key things you should look for:
- A company experienced in managing gold IRAs is essential. You must follow specific IRS regulations, or you risk facing harsh penalties. Always look for a firm with significant experience with gold IRAs to avoid problems.
- A company that has a good reputation. There's too much at stake to not do your research and find a firm that has consistently positive customer ratings. Avoid those with excessive consumer complaints, as that might be a sign that their operations or service level is not acceptable.
- A company that charges reasonable and transparent fees. You will encounter firms that promise free silver and other features but be sure to read the fine print. In many cases, those companies pad their fees in other areas to make up for the “free” offers. Choose a company upfront about all their costs, so there are no surprises down the road.
What can go wrong in setting up an Augusta Precious Metals Gold IRA?
One potential issue is making mistakes in the IRA paperwork. For example, suppose you have an IRA rolled over to you instead of sending it directly to your new IRA custodian. In that case, that can result in steep penalties if not handled properly. That's why it's best to work with an experienced Gold IRA provider like Augusta.
Without a doubt, you must ensure you're dealing with reputable gold dealers. Be sure the firm has a good track record and few customer complaints. You don't want to take a chance on a new or unproven firm when dealing with investments. Stick with those with high ratings to be safe.
Finally, consult your legal, financial and tax advisors to ensure you follow all IRA guidelines, so you get the full benefit from your new gold IRA account.
In conclusion of our Augusta Precious Metals review, are you ready to find out more? Contact Augusta Precious Metals for a Free Gold IRA kit. In fact, there’s no obligation or pressure.
Call toll-free (855) 559-2724
6 AM to 5 PM
Pacific Time
Best Gold IRA Score 96.29
5
