When it comes to retirement planning, many people overlook the importance of investing in precious metals. Augusta Precious Metals is one of the leading companies in the United States that specializes in gold IRA products. Their mission statement is:
To educate and empower Americans like you to diversify retirement savings and gain peace of mind.
Augusta Precious Metals was founded in 2012 by CEO Isaac Nuriani, an Economics graduate of the University of Los Angeles. He is a member of Industry Council for Tangible Assets (ICTA), Ethics.net and has been helping Americans diversify their investments into precious metals for over 20 years.
Augusta is committed to transparency and simplicity. Their products are backed by a team of experts that have years of experience in the industry. They provide lifetime customer support, which sets them apart from other gold companies. This means that they will be there for the full lifetime of your precious metals investment.
5.0/5 (154 rating)
Trust Rating
User Rating
Customer Support
Reputation
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And their customers have shown their appreciation of this top-class service with the Better Business Bureau (BBB) awarding Augusta the top A+ rating and the Business Consumer Alliance (BCA) giving them the top AAA rating.
Augusta Precious Metals is One of our Top Recommended Gold Investment Companies.
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Pros
- Their BBB rating is A+, as well as an AAA rating on BCA with zero complaints. Their social media ratings are equally well-placed, with a 4.8 out of 5 on Facebook and a 5/5 on TrustLink.
- The company offers a nice menu of silver and gold bullion products
- Augusta is a comprehensive company, offering insured delivery, storage, purchases, and all paperwork needed to get started with an account
- Your fees for the first year are waived as an incentive for new account holders
- Customers have a choice between two of the most-respected storage companies, and offers locations in both the U.S. and Canada for bullion storage
- Augusta has a buy-back program so you can offer your metals to them at fair prices if you want to downsize your holdings at any time
cons
- The don’t offer platinum or palladium to their customers at this time, only gold and silver
- The company also sells collectible silver and gold coins, which are not eligible for IRA purposes
- Their minimum investment of $50,000 is quite high
Why Invest in Precious Metals with Augusta Precious Metals?
Augusta Precious Metals specialize in gold and silver IRAs, and considers itself the “protector” of the gold IRA industry. It has thousands of top ratings and hundreds of reviews with the BBB, BCA, TrustLink and other consumer watchdog websites. IRA Gold Advisor have named it their “Most-Trusted Gold IRA Company” as well as “Best of TrustLink” for 6 full years in a row.
It is now endorsed by hall of fame quarterback Joe Montana. He asked his personal financial team to find him the top gold IRA company in the United States and they chose Augusta for him. He attended the web conference and became a customer. He loved the mission so much, he became Augusta’s paid corporate ambassador.
Augusta offers their unique and free one-on-one educational web conference designed by Harvard-trained Economist Devlyn Steele, Augusta’s own in-house Director of Education.
Customers get lifetime support for their account, not just for the first transaction.
They offer gold and silver options that are most common with customers. Some other companies try to convince you that everyone should have gold and silver in their portfolios. Augusta has no high-pressure tactics (verified by hundreds of customer reviews that mention this) and they even share reasons not to buy gold.
Augusta Precious Metals – Gold IRA Fees
One-time Fee
Annual Fee
| IRA Setup Fee | $50 | Maintenance Fee | $80 |
| Wire Fee | $50 | Storage Fee | $100 for non-segregated $150 for segregated. |
Note: They offer up to 10 years of fees reimbursed to your IRA in premium Augusta silver coins, and free transit insurance and shipping is included for all qualified orders.
Augusta Precious Metals – Minimum Purchase
Precious-Metals IRAs
$50,000
Non-IRA Transactions
$50,000
Augusta Precious Metals – Services Provided
Augusta are specialists in setting up Gold and Silver IRAs, and they focus almost exclusively on 401k to gold IRA rollovers.
They also offer almost every other precious metal for investing outside of an IRA. Coins can be shipped to a depository of your choice and you could even qualify for free storage.etals at the highest price when the time comes.
3 Easy Steps to Opening a Precious Metals IRA with Augusta Precious Metals
- Step 1. Open a self-directed IRA with Augusta’s preferred self-directed IRA custodian
- Step 2. Fund your account with dollars from your existing retirement account
- Step 3. Buy your IRA-approved gold and silver with Augusta’s order desk
Which custodians does Augusta Precious Metals work with?
Augusta Precious Metals works with all major Self-Directed IRA custodians and Equity Trust is their number-one preferred custodian.
The IRS requires you to deposit your IRA precious metals at an authorized custodian warehouse.
You have access to your custodian any time. However, when you work with Augusta, they can help by serving as your liaison with your custodian.
Augusta Precious Metals – Ratings, Reviews & Complaints
Augusta Precious Metals has the top A+ rating from the BBB (Better Business Bureau) and the excellent AAA rating with the BCA (Business Consumer Alliance).
As of time of writing, there isn’t one single complaint about this company on the BBB site, which is quite impressive. Other companies could be A+ rated in their performance but could still have some complaints against them that were then resolved to the customers satisfaction.
Trust Link awards them 5 stars while Google reviews give them 4.8 out of 5 stars. ConsumerAffairs readers also rate them very highly with 4.8 out of 5 stars. Reviews show that Augusta is very quick to respond to questions, and many people quoted that the customer service specialists were very professional and patient.
Some recent testimonials from verified customers
Augusta Precious Metals Q&A
A Gold and Silver IRA allows you to buy IRS-approved physical gold and silver within a tax-advantaged Individual Retirement Account. Your metals are stored in a highly secure, insured depository for safekeeping. Augusta Precious Metals walks you through the few, easy steps required to open the account. We help you go through required forms and help you initiate the simple process to fund your new gold IRA.
No. IRS rules do not allow you to keep your IRA precious metals at your home or other standard safety security box. The custodians storage facility has to restrict access and each customer’s precious metals must be stored separately.
This guarantees that your precious metals are returned to you, or cashed in, thus meeting the IRS legal distribution requirements.
As with all investments, the future value of any precious metals is not guaranteed and it can rise or fall due to various influenced on the commodities market.
If you have a traditional IRA, either through your job or that you have set up for yourself, you cannot add physical goods to it. In the vast majority of cases, you can only add cash to a standard IRA. It is possible to set up an IRA that will allow you to add things like stocks, bonds, futures, ETFs (exchange-traded funds), options, mining stocks, and other “paper” assets into it.
But, the general rule is that traditional IRAs can not hold physical assets like metals, collectible items, art, antiques, etc. Think of it this way: for regular IRAs, you can only add intangible assets, not tangible, “touchable” things.
No. A rollover or transfer of assets into a Precious Metals IRA will have no taxes or penalties once they are processed in the correct manner.
The retirement accounts that are eligible for rollover or transfer into a Precious Metals IRA include 401(k), 403(b), 457, Pensions and TSP (Thrift Savings Plan) accounts. You can also rollover a Roth IRA to a Roth Precious Metals IRA, or even perform a Roth conversion when rolling over from a 401(k) or similar account to a Roth Precious Metals IRA.
The fees on your Precious Metals IRA are usually charged as a single annual flat fee, rather than as a percentage of your assets as you might see on your mutual funds. In effect this means that the more precious metals you own, then the lower the associated fees will be as a percentage of the held assets.
And likewise, the less precious metals you hold, then the higher the fees will be when viewed as a percentage of the held assets. Ask Goldco about current promotions as they may reimburse you for these annual fees.
All investments carry some element of risk. Those risks may include: Precious metal prices can rise and fall, so the value of your precious metals can go up as well as down and you may subsequently sell your assets for a higher or lower value than what you originally paid. Precious metals do not have dividends or incomes. This is not a full list of all risks, so please do additional research or talk to your financial advisor
Absolutely. Goldco is a full-service precious metals company and they can work with you to purchase gold and other precious metals and deliver them securely to your chosen location.
The process is completed in three easy steps and GoldCo will help through it all: First of all, they will open a new Precious Metals IRA account for you. Then, they assist you to move your funds from your old account. There should be no tax penalties and there is no need to invest any additional money at this time.
As soon as funds are transferred to your Precious Metals IRA account, Goldco will then provide you with all you need to select your Gold, Silver and other precious metals
Generally anyone who has earned income is eligible to open a Precious Metals IRA.
Gold and Silver are the most popular metals held in a precious metals IRA. For investors who are interested in diversifying their portfolio Goldco also offer other precious metals such as platinum and palladium. Customers can select from a variety of products, such as coins or bars.
They also offer both common and premium bullion. Goldco only use IRS approved metals for inclusion in your IRA which must meet the mandated fineness. Their specialists can help you choose the right mix of precious metals to suit your investment goals.
Yes. You or the beneficiary of your precious metals IRA can being to take distributions penalty-free from the IRA account at the age 59 and a half.
You can take distributions from your Precious Metals IRA in the form of precious metals, i.e. physical gold, silver, platinum, or palladium, dependent on what metals you hold in your account. If cash is your preference, then Goldco have an excellent buyback program or they can even help you to sell your assets on the metals market and convert them into cash.
Augusta Precious Metals – Resources for Investors
If you are trying to make the best investment decisions for your retirement, Augusta’s website offers a vast library of resources for investors.
Request Your Free Self-Directed IRA Guide from Augusta Precious Metals
Potential investors can request a free Self-Directed IRA guide from Augusta.
The guide tells you all you might want to know about the benefits of investing in Gold, Silver & other precious metals. It also explains the various coins and bars you can hold in your retirement account and what you should do when you’re ready to set up your IRA.
Our Conclusion
Augusta Precious Metals is one of our top recommended Gold IRA companies and they can help you prepare for a financially successful future by setting up or rolling over your Precious Metals IRA.
This highly reputable company offers first class service to their customers with no high pressure sales tactics. They want to make the process of opening up your self-directed IRA as easy as possible and are ready to answer any questions you have on investing in precious metals.
Click the links above to get started right now!