Investing in precious metals has always been attractive to investors. With the ever-increasing demand and limited supply, investing in precious metals like gold and silver is an intelligent decision. Choosing a trustworthy and efficient dealer, however, can sometimes seem daunting. That is where Augusta Precious Metals comes in.
In this article, we will comprehensively review one of the leading precious metals dealers in the market – Augusta Precious Metals.
Table of Content
About Augusta Precious Metals
Augusta Precious Metals is an award-winning gold and silver IRA company founded in 2012. Augusta Precious Metals is a family-owned company specializing in gold and silver IRA investments. They aim to help individual investors diversify their portfolios by investing in gold and silver. Augusta Precious Metals is located in Beverly Hills, California and is a BBB-accredited business.
The company is also recognized by prestigious organizations such as the Forbes Finance Council, TrustLink, and the Inc. 5000 list of fastest-growing companies.
Augusta Precious Metals Product Offerings
Augusta’s Gold and Silver IRA services are its primary offering.
It offers a variety of gold and silver products for investors. These products include coins, bars, and bullion-based IRAs.
Gold
The gold coins they offer include the American Gold Eagle, Canadian Gold Maple Leaf, and South African Krugerrand.
Silver
As for silver coins, they offer the American Silver Eagle, Canadian Silver Maple Leaf, and Austrian Silver Philharmonic.
Bullion and Bars
Augusta Precious Metals also offers bullion and bars from LBMA-approved refiners such as Johnson Matthey.
Gold and Silver IRA
With a self-directed IRA, clients have more control over their retirement funds and can invest them in physical gold or silver. Augusta offers both traditional and Roth IRAs and transfer and rollover services—the company partners with various IRS-approved depositories to meet clients’ storage and insurance needs.
Customer Service. How is the customer treated?
Augusta Precious Metals is renowned for its exceptional customer service. Augusta’s unique approach is to assign a personal economic advisor to each customer to help guide their investment decisions.
The customer service team is always ready to assist clients in any way possible.
Client relations are a top priority, and the company prides itself on its transparent approach to business. The customer service team is available 24/7 and is reachable through multiple communication channels, including phone, email, and live chat.
What are the Fees and Costs? A Clear Transparent Break Down.
The fees and costs of investing in precious metals can often be confusing. As with any investment asset, several factors cause gold prices to fluctuate daily.
However, Augusta Precious Metals aims to break down the fees to ensure clients understand what they’re paying for.
One of the most widely used fee structures is Augusta’s flat-fee model. It gives clients a fixed fee structure and ensures they don’t worry about hidden fees.
The minimum Investment is $50,000, and there is NO Maximum.
- It costs just $50 to set up a gold IRA with Augusta Precious Metals.
- Customers can expect two annual fees: a $100 custodian maintenance fee and a $100 storage fee.
- If you buy gold or silver outside of an IRA, you can pay with a personal check or bank wire.
How is the storage of the Precious Metal handled?
Augusta’s precious metals storage program allows clients to store their gold or silver with a third-party, secure depository.
Storage options include segregated or joint storage, and clients can choose the depository location. Augusta partners with a few custodians for their storage program, including Brinks and Delaware Depository.
Is Augusta Precious Metals Trustworthy?
As mentioned earlier, Augusta Precious Metals is a BBB-accredited business with an A+ rating. The company is also listed in the Inc. 5000 list of fastest-growing companies in the country.
These accolades are proof of their reliability.
Augusta Precious Metals also has a TrustLink rating of 4.9 out of 5 and a positive track record with customers.
- BCA Rating: AAA
- BCA Complaints: 0
- BBB Rating: A+
- BBB Complaints: 0
- Trust Link: (5/5) ★★★★★ Based on 283 reviews
- Consumer Affairs: ★★★★★ 4.9 Ratings – Based on 129 Reviews
How easy is the Access and the Use of it?
Investing in precious metals can be complex, but Augusta Precious Metals makes it simple and accessible for investors. The company offers a range of resources for new and experienced investors.
These include educational articles, FREE Investor guides, and a step-by-step guide to setting up a precious metals IRA.
Pros and Cons of Augusta Precious Metal Company.
Pros
- Offers physical gold and silver
- Affordable storage fees
- Award-winning company
- Lifetime support
Cons
- $50,000 minimum deposit
- Limited precious metals options
- Pricing markups
Who should use Augusta Precious Metals?
For Individuals are interested in building their investment portfolio with precious metal IRAs.
Augusta Precious Metals can be an excellent way to diversify your retirement investments, assuming you can afford the minimum investment of $50,000.
The company lets you purchase gold/silver and send it directly to your home. Alternatively, you can store it in your preferred depository for extra peace of mind.
Augusta Precious Metals is well-known for its wide range of IRS-approved gold and silver coins, personalized service, excellent customer experience, and extensive knowledge of its staff.
Conclusion
In conclusion, Augusta Precious Metals is a reputable precious metals dealer known for its high customer service, transparent fees, and wide array of investment options. The company’s commitment to quality service and providing necessary resources to clients is impressive. Augusta Precious Metals is a solid choice if you want to invest in precious metals. I can highly recommend Augusta Precious Metals.
Frequently Ask Questions?
What Sets Augusta Apart?
There are a lot of Gold IRA companies out there. And there’s a good reason. Investing in precious metals can hedge against inflation and stabilise amid uncertain economic times.
Why Buy Physical Gold/Silver?
If you purchase precious metals for an IRA, those metals are treated similarly to any stocks or bonds held in another IRA.
You cannot access them until retirement or face early withdrawal taxes. You can have the gold or silver delivered directly with physical purchases.
If Augusta Precious Metals has no Fees, How Do They Make Money?
Augusta earns their profit from facilitating the purchase of gold and silver from outside sources.
Can I see my Gold and Silver in Person?
It depends on the depository. You can try to make an appointment to travel to the depository and see your precious metals in person, but the depository may not let visitors in.
Where is the Head Office of Augusta Precious Metal located?
The corporate headquarters is in Casper, Wyoming, but it has a satellite office in Beverly Hills, California.
Who is the Founder of Augusta Precious Metals?
Isaac Nuriani, Augusta’s founder and CEO, has a vision of empowering you to diversify your own savings using gold and silver.