Augusta Precious Metals review

Augusta Precious Metals is an award-winning gold IRA supplier with 1000s of top ratings and 100s of 5-star customer reviews. Money magazine named this company “Best Overall” gold IRA company for 2023. With silver and gold IRAs, the business functions as a committed resource in retirement savers’ toolbox to maximize wealth and work toward building a comfortable retirement. Augusta Precious Metals can help you both create a self-directed gold IRA and buy precious metals outside of your retirement fund.

Gold or other metal IRAs carry the same IRS rules as any other IRA. Users should be wary of claims that they will certainly make a profit with little danger in these or any other transaction. As with any investment, you could lose money, and previous performance is no prediction of successful results.

Before committing to adding precious metals to retirement savings, customers should have a clear knowledge of the costs involved with any transaction. Read how to know that in our Augusta Precious Metals review below:

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Gold or Silver IRAs 

stack of gold coins
cost of living is rising

Investment in gold, silver, or other metals in a self-directed IRA with Augusta is a tax-advantaged method to help people save for retirement, and protect the retirement savings they currently have.

Award-winning Augusta Metals is a pioneer in the business and a strong advocate for including actual gold or silver in retirement accounts. Augusta Precious Metals, unlike many other gold providers, sticks to its loyal customers throughout the duration of their accounts with the company. Unlike some other gold organizations, this one has specialized divisions that manage every step of the simplified process, resulting in cost reductions that are passed on to clients in the form of lower fees. Augusta is dedicated to comprehensive transparency, convenience, and account lifetime support for customers and tailored metals investments, as per the agency's website.

Is Investing in Precious Metals a Good Fit for You?

Precious metals provide a unique inflationary hedge, since they have inherent worth, have never been worth zero, and cannot be manipulated. Through diversification, these exciting assets provide effective "economic upheaval insurance" for Americans who are worried about financial and political/military disruptions.

Joe Montana

Joe Montana, the company's ambassador, is a Pro Football Hall of Fame quarterback. Mr. Montana discovered Augusta after asking his financial consultants to locate the greatest gold supplier in the U.S.

He spoke with the company's analytics department and its chief analyst, a Harvard-trained economist, via a unique one-on-one web conference covering topics that include gold IRAs/fees, the economy and inflation, and assistance avoiding gimmicks and high-pressure tactics used in the industry by some companies. After that encounter, Mr. Montana was so happy with Augusta that he decided to encourage other Americans to get the same type of retirement security he had. Everyone interested in using gold or silver in their portfolio to hedge against inflation through diversification can contact the Augusta analytics department.

Augusta Precious Metals website

Cost of Augusta Precious Metals 

A self-directed IRA with Augusta has no administration costs other than a nominal account opening fee, but you will have to pay custodian and depository/storage expenses. Augusta claims its caretakers require $250 the first year and $200 for the following years. However, Augusta Precious Metals covers all fees for most customers for up to 10 years.

The price of the gold or silver customers can purchase is determined by current gold spot rates and market rates. Augusta, on the other hand, is transparent about the ask-to-bid difference on sales, charges, and transaction situations.

Working with the Company

Augusta sets the price of your precious metals as you confirm your order over the phone and payment is received. On large bullion purchases, Augusta can sometimes provide quantity discounts.

First time premium gold or silver buyers have the option to revise their price within 7 days as per the company’s 7-Day Price Protection Program, no questions asked.

What Distinguishes Augusta Precious Metals from Other Gold IRA Providers?

  1. Augusta Precious Metals cultivates long-term customer connections by assigning an experienced gold and silver professional to every customer. From the initial inquiry till the customer receives gold IRA distributions, the company provides help.
  2. Augusta Precious Metals has released several educational services to help customers better know precious metal investments. Through the same one-on-one web conference attended by Joe Montana, the company is known for educating consumers about gold and silver products, including fees, the economy and inflation, and how to watch out for gimmicks and high-pressure tactics used in the industry to pressure people into buying and opening accounts.
  3. Augusta is a National Ethics Association partner.

Commitments of Augusta Precious Metals

This company stands out among gold firms because of its extensive knowledge of precious metals, particularly gold and silver, and it’s 100% singular focus on these products to help its customers. Augusta is noted for specializing in gold IRAs, as compared to other gold businesses that provide gold IRAs alongside a variety of other items.

Dedication to Transparency

Augusta is quite honest when it comes to company data. The website has a lot of useful information. They have no hidden fees, keep you up to date on the progress of your account and purchases, and are always ready to answer questions to help solve problems.

In addition to recognition from Money magazine as “Best Overall” in its Best Gold IRA Companies for 2023 competition, Investopedia named Augusta the “Most Transparent” gold IRA company for 2022. It has been named Most-Trusted in the United States by other websites over the years, and TrustLink named it “Best of” for numerous years.

Customer Service 

The organization is famous for providing its customers with a tremendous amount of time and care. This is achieved through a simple, simplified gold IRA approach and the assignment of a personal customer success agent to every customer. The Augusta team completes 95 percent of the paperwork with you when it comes to setting up your IRA account. Augusta pre-selects the most popular precious metals goods and offers them at very competitive costs. The company shows zero complaints on its BBB profile, which is incredible. On consumer review websites, you can find many excellent customer reviews.

Expertise 

Augusta's gold and silver agents and professionals can provide you with the information you need to purchase precious metals that meet your goals. You should consult your own personal tax, financial, and legal professionals to determine how precious metals fits into your retirement savings strategy.

For the duration of your account, the business's team of educators is accessible to you and functions as your personal resource. The team is managed by the company’s on-staff Harvard-trained economist and director of education, Devlyn Steele.

By servicing consumers with full integrity, Augusta Precious Metals has gained high customer satisfaction and much repeated business. Many of the people who purchase gold or silver from them, including Joe Montana, recommend Augusta. Following the financial crisis of 2008, Mr. Montana enlisted the help of his financial consultants to determine the best method to safeguard his retirement funds. They recommended gold, so he sent them to identify the best physical gold provider in the United States. They looked at all of the options and decided on Augusta for him.

How Can You Check the Performance of the Augusta Gold IRA?

You can easily access your account information at any time through your selected custodian. Also, Augusta Precious Metals delivers quarterly reports to gold IRA owners detailing their account progress.

money and gold bars

How Do You Get Money Out of Your Augusta Precious Metals Gold IRA?

At any moment, you can receive a whole or partial payout from the gold IRA. You have the option of picking up the actual elements from the storage unit or having Augusta transfer you the monetary value of the division.

As with any IRA, you must take required minimum distributions (RMDs) starting at age 70-1/2. Follow normal IRS rules on IRAs to avoid incurring taxes and fines on early withdrawals. The Augusta website provides an RMD estimator, but you must consult an experienced tax advisor about distributions. Augusta cannot serve as your financial advisor.

How Much Can You Make by Investing in a Gold IRA with Augusta Precious Metals?

Although precious metals have historically done well, they, like any other asset, may lose their value over given periods of time. A gold IRA does not guarantee a profit. However, these assets can be components of a well-balanced strategy through diversification, and some people even consider diversifying into physical assets a great way to hedge against inflation.

Pros

For new users, up to ten years of fees are eliminated, because this company will pay them for you. Augusta’s informative one-on-one web conference outlines the advantages of a gold IRA, as well as providing unique information about the economy and inflation — and best of all extremely useful information to help you watch out for gimmicks and high-pressure tactics used in this industry.

Scores of five-star ratings and very few if any BBB complaints attest to this company’s outstanding customer service. The process is simple with help from Augusta’s gold and silver professionals, and the company’s fees and prices are competitive, making it simple to secure retirement money for years.

Cons

Augusta primarily sells gold or silver. They can sell platinum and palladium but don’t normally promote it. A $50,000 minimum investment is required.

Who Can Profit from Working With Augusta Precious Metals?

Augusta is a top gold IRA company specializing in assisting customers who wish to use real, physical gold or silver in the account to potentially increase their earnings and/or hedge against inflation in their investments. 

Augusta Precious Metals has a good reputation for transparency and integrity, making it a good choice for people who are hesitant to deal with a precious metals business.

While Augusta does not offer investment advice, it is beneficial that the business researches product possibilities and offers the most common gold or silver goods for consumers to select from. This saves effort and lets customers figure out the best choices for them.

Benefits Provided by Augusta Precious Metals

Augusta has a wealth of tools to assist you to get the most out of your trades, from assistance ordering valuable metals, general economic knowledge and ways to avoid common lies and gimmicks in this industry to software resources, best-in-class prices, and free delivery. 

Augusta's online one-on-one web conferences and free guides are highly regarded as beneficial information sources for people considering purchasing precious metals. The industry's agents can be reached quickly via online chat or email.

Augusta Precious Metals goes above and beyond for its customers by working with a variety of mints and sources to bring pure coins to its customers at competitive prices. Free shipping and transit insurance are two ways Augusta assists customers. Though Augusta cannot promise buybacks, it claims that it has never refused one, which is good news for individuals intending to sell their assets in the future.

investment jar

Why Should You Choose Augusta Precious Metals as a Potential Investment?

Augusta Precious Metals was established in 2012 to assist clients in making the best investment decisions possible to ensure a happy and economically stable future. It has achieved an AAA score from the Better Business Bureau, a 5 star rating from TrustLink, and a Triple-A overall score from the Business Consumer Alliance during its existence. In addition, there is a plethora of satisfied consumers on other platforms who give the company near-perfect scores.

Augusta Precious Metals outlines the top seven factors why they believe people should pick them above other precious metals investing firms. These benefits include:

Attention: Augusta Precious Metals can take the time to learn about the individual needs of its customers so the selection of available gold and silver products it makes customers aware of is tailored to them.

Commitment: The staff is dedicated to providing you with the greatest customer service and assistance possible to assist you in achieving your financial objectives. This goes beyond your personal trades to helping you stay away from possible lies and gimmicks that could trip you up in this industry.

Respect: You'll get first-rate customer service from Augusta Precious Metals. It provides all customers with free access to its on-staff educators and have made the process of participating in and establishing Gold IRAs soon. Augusta Precious Metals' staff is simple to get in touch with. You'll be given a personal agent, but if you have an essential question, you may always reach out to anyone in the group.

Transparency: This company is quite open about its prices and charges and it works hard to avoid surprises. The team communicates openly and frequently to ensure that you are aware of what is going on. The company handles a good collection of gold coins from various mints all around the world.

Coordination: Even after you've made your original trade, the team of professionals will continue working with you and will be ready to answer questions or offer assistance.

Guarantee: Augusta Precious Metals locks in prices when your trades are confirmed. On premium products, as the value of metals changes, you have a one-time chance to adjust your purchase cost to reflect the current, cheaper price if the value of gold or silver reduces within 7 days of completing your order.

In addition, for first-time customers, Augusta Precious Metal provides a money-back offer. If you change your mind about your purchase within 7 days of making it, you can get a complete refund.

Augusta Precious Metals will help you when it comes time to sell your stored precious metals. They can sell the precious metals themselves and transfer the money to you so you can get the money you need quickly. You have the possibility of choosing to have the physical metals transported to you at a faster rate instead of having Augusta Precious Metals sell them for you.

security truck

Shipping & Insurance

Augusta Precious Metals offers free shipping and free transportation insurance on all orders. This means you don't have to worry about anything happening to the precious metals while they're in transit, because the accompanying insurance will reimburse you for any accidents or losses. Orders are sent quickly to ensure that you get the gold within a reasonable time.

To preserve the value of the items and your privacy, your metals are wrapped discreetly. Even the driver transporting the precious metals will have no idea what's inside.

Is Working with Augusta Precious Metals Simple?

Augusta Precious Metals' specialized divisions assist customers in understanding the economy and precious metals within retirement funds.

Like well-oiled machinery, the many sections of this company operate well together! Unlike some other precious metals organizations, the company's capable agents and professionals streamline and arrange the procedure. Users engage one-on-one with a personalized customer success agent who serves as their primary point of contact, and all customers have access to an educational analytics team led by a Harvard-trained analyst on staff.

Augusta Precious Metals' method is similar to that of a car manufacturing line. We assume Augusta passes on cost savings to consumers as a result of the excellent efficiency that this particular configuration creates.

For years, several high-net-worth people have used Augusta's valuable assistance and competitive prices. As we've described above, one of those was Joe Montana, the company's ambassador with a high net worth. He was seeking the best gold custodian in the country to assist him to diversify his income when his consultants came across Augusta. Needless to say, he was a very pleased customer.

Users of Augusta Precious Metals can seek support from any of Augusta's staff, even after an original account has been set up. Customers may expect the company to be a resource for them as long as the accounts are active. Other gold businesses don't provide nearly as many features once an account has been established. 

Augusta Precious Metals offers three simple steps to start a gold IRA:

  1. Create an Individual Retirement Account (IRA). Augusta Precious Metals collaborates with one of the most respected and effective gold IRA administrators in the market, allowing Augusta users to take advantage of preferential pricing.
  2. Deposit funds into the account. You can rollover money from your present 401(k), IRA, or other retirement investments if you have them.
  3. Invest in gold and silver. You choose which metals to purchase for the IRA. Augusta transports your gold or silver to one of several secure facilities in US regions. The company has specific recommendations, which you can ask about to your account agent. 

How Secure Is Augusta Precious Metals?

With a gold IRA, you are not allowed to provide your own personal storage for your metals. However, they can be kept at a safe, insured location within a facility that is designed to secure physical precious metals. If you invest in a gold IRA, there are a few options to keep your precious metals safe. Augusta provides a list of secure locations throughout the USA from which to choose.

The precious metals may arrive at the facility around 10 days after you complete your order. You don't have to worry about security. They will keep your assets safe.

Fees

Augusta's rates for coins or bullion are determined by current prices and market rates. As with every investment item, the value of precious metals changes due to several causes.

Augusta is very open about its margin over cost and market rates, which is essential because several gold businesses do not do this. There are no additional fees or commissions. Users with a minimum of $50,000 in current retirement accounts are eligible for Augusta's assistance.

Regular customers mention in reviews that Augusta's rates are very reasonable. Augusta sells gold and silver coins for about 5% more than the company's cost (it varies for different products at different times), and your trade comes with free transit insurance and free delivery for customers who qualify.

Precious Metals IRAs

old gold coins

If you're trying to diversify a portfolio with a precious metals IRA, we highly recommend to contact Augusta Precious Metals.

The team is well-versed in helping people roll over existing retirement funds or establishing new gold or silver IRAs, and they would be delighted to assist you. They've worked hard to make the process simple and to take up little time.

You'll interact with one of Augusta Precious Metals' self-directed IRA administrators to set up your precious metals IRA after you've decided to do so. They'll assist you in setting up the account's funds, which could come from a personal account.

Equity Trust is Augusta Precious Metals’ preferred custodian for most customers. As you deal your custodian, a gold professional with the Augusta Precious Metals group will assist to help ensure a smooth handover.

Because only some current retirement accounts are suitable for a transfer, and it can be difficult to tell if yours is, please contact an Augusta agent for assistance. The company’s agents are qualified and knowledgeable about the transfer or rollover procedure and can assist you in determining the account's eligibility.

After Augusta Precious Metals receives your funds, you will be able to select whatever gold or silver coins you want to put into the account. If you're not sure which items to buy, talk to the company's order desk and they will help you review available products.

IRA Approved Coins

For metals to be retained in an IRA, the IRS tax system stipulates conditions that must be followed. Most gold coins and bars must have a purity of at least 99.9%. 

Augusta Precious Metals offers secure storage. You are not permitted to keep the coins or bars in a precious metals IRA when you open one. Precious metals must be housed in a facility that follows IRS rules for self-directed IRAs, according to the IRS. Augusta Precious Metals works with several suitable storage facilities across the country where you can store your precious metals.

Augusta Precious Metals can handle all of the essential steps for delivering the precious metals to the storage facility whenever you set up a precious metals IRA with them. You can relax knowing that the gold and silver are being safely transported to a secure location.

Extra Investment Possibilities

Augusta Precious Metals also can assist you if you wish to buy gold or silver for personal use instead of putting it in a self-directed IRA. Investment in gold or silver outside of an IRA provides you with the benefits of diversification. With a personal account outside of an IRA, you don't have to worry about getting penalized or charged fees if you want to liquidate your products before the designated IRA age for distribution.

A personal, cash gold or silver account can be managed in whatever way you want. Instead of being constrained by IRS laws, you can pick how or where you wish to keep your metals.

Those interested in purchasing precious metals will find Augusta Precious Metals' agents and gold/silver professionals to be quite helpful. They can respond to concerns you have and provide information to help you make better decisions; just schedule a web conference with one of the employees to benefit from their experience. Keep in mind, by law they cannot act as your financial advisor.

After you've spoken with a team member about your needs and are ready to buy, just create the account by depositing money from another account. Then decide which gold or silver products you would like to buy.

The Final Word

Explore Augusta Precious Metals when you're ready to start adding gold and silver to your savings. This company provides the best customer service and respects every customer's time. It’s agents are eager to assist you in setting up a self-directed IRA or answering queries about precious metals; click on the banner below and get started right away.

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Information provided on this website is general in nature and does not constitute financial advice.

Disclosure: The owners of this website may be paid to recommend Goldco or other companies. The content on this website, including any positive reviews of Goldco and other reviews, may not be neutral or independent.

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