Augusta Precious Metals
Augusta Precious Metals Review
Augusta Precious Metals Review Summary
- Fees Score - 96%
96%
- Reputation - 94%
94%
- Customer Service - 97%
97%
- Education - 98%
98%
- Ease of Purchase - 95%
95%
Summary
Overall I am impressed with what Augusta Precious Metals provide their clients through a personalized presentation and ongoing support and education. And they have zero complaints against them, which is very impressive. Their minimum investment is higher than others, so if you are not looking to invest over $50,000, then the likes of American Hartford or Goldco, for example, will be better options.
Augusta Precious Metals has worked hard to provide the high quality of customer service they offer, which is shown through the lack of complaints towards them. In a conversation I had with the CEO Issac Nuriani, he informed me that as a company they do not employ salespeople who work for commission. This is to ensure customers do not receive high-pressure tactics to invest.
Augusta Precious Metals: About the Company
The company is also not only endorsed by the NFL Hall of Fame Quarterback, Joe Montana, but he has personally put his reputation on the line by being a customer of Augusta Precious Metals, which is very transparent about its prices and investment options. They provide personalized and extensive educational resources to you make an informed financial decision.
Isaac Nuriani, who also serves as the company’s CEO, founded Augusta Precious Metals in 2012 to help investors in America diversify their retirement savings into physical gold and silver.
Augusta Precious Metals company is headquartered in Beverly Hills, California and some of the things that make it stand out from its competitors are superior customer service, transparency, commitment to education, and expertise within the realm of Precious Metals IRAs.
What Makes Augusta Precious Metals Stand Out?
Augusta Precious Metals has a unique one-on-one approach.
If you are serious about investing in precious metals, the company will even put together a personalized presentation and educational webinar just for you, which will be run by Devlyn Steele, their director of education and on-staff Harvard-trained economist.
Devlyn will spend however long you want with you on your webinar, answering every question you may have.
Augusta Precious Metals – Here Are The Key Takeaways
- Personally Endorsed By Joe Montana, who is a client
- Zero Complaints since 2012
- Personalized Webinar With Harvard Economist
- A+ with BBB and 4.97/5 from their customers
- Up to 10 years of fees waivered depending on the investment
- $50,000 Minimum Investment in Gold IRA
- Only offer Gold & Silver, not other precious metals
- Premium coins cost more than bullion
Why Invest with Augusta Precious Metal?
Augusta Precious Metals provides the top 7 reasons it believes that you should invest with them as opposed to other precious metals investment companies. The reasons below are actually listed on the company’s official website and are:
- Knowledge: the company works to learn about your specific financial goals and customize the advice they give you to suit your needs better. They do this by arranging for you a one-to-one presentation with their Harvard Economist Devlyn Steele, who will look at your own personal circumstances and answer all your questions before you make any decisions.
- Respect: You can expect first-class customer service, which is simply unmatched if you choose to work with the company.
- Commitment: The team has a commitment to supporting its clients reach their financial goals.
- Accessibility: As a company, they are incredibly easy to reach. All clients enjoy free access to educators.
- Selection: They offer an impressive selection of silver and gold coins and bullion from different mints worldwide.
- Transparency; Augusta Precious Metals is very transparent and doesn’t charge hidden fees. The company communicates regularly and clearly to keep you properly updated on what’s happening.
- Coordination: The team of experts will keep working with you and will be available to provide advice or answer questions even after your initial investment.
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Augusta Precious Metals Fees
Here are the fees you can expect to pay if you decide to invest with Augusta Precious Metals:
– $50 Account Setup Fee (One-Time)
– $80 Account Maintenance Fee (Annual)
– $100 Storage Fee (Annual)
Augusta Precious Metals offers four different packages when it comes to the fees for your gold ira investment. Each one relates to how much you wish to invest into your Gold IRA.
Bronze Club: starts with an investment of $50,000.
If you are looking to invest anywhere between $50,000 to $200,000 in gold and silver, then there is a one-time application fee of $50 plus an $80 per year IRA fee, and finally, a $100 per year insured Secure Depository fee. Making the total fees $230 for the first year. From year two onwards the fees are $180.
Silver Club: Investment in precious metal iras between $200,000 to $500,000.
Fees are the same as with the Bronze club, but they will reimburse you each year for the first three years by adding silver to your Depository account. This means they will offset the cost of your fees, for the first three years.
Gold Club: Investment of $500,000 to a million dollars in gold and silver.
With the Gold package, your fees are reimbursed annually with silver for the first five years.
They offer you the opportunity to have all your fees paid for the next ten years, which is available to people who enter their Millionaires Club by investing over 1 million in precious metals.
Shipping and Insurance
Shipping and insurance are included for free with all purchases from Augusta. If you buy silver and/or gold for your IRA, it will be securely delivered to your selected IRS-approved depository, where they will be fully insured.
If you buy silver and gold for a personal investment, you can expect your shipment to be discreetly packaged to protect your investment. Orders typically ship within 7 to 10 business days after the completion of the purchase.
Augusta Precious Metals Reviews
Review Company | Rating/Review Score | Rating/Score Based On |
Better Business Bureau | A+ Rating & 4.96/5 Review Score | Based on 108 customer reviews |
TrustLink | 4.9/5 Stars | Based on 283 customer reviews |
Business Consumer Alliance | AAA Rating & 5/5 Stars | Based on 95 customer reviews |
4.9/5 Stars | Based on 295 customer revires |
Over its years in business, Augusta Precious Metals has a Better Business Bureau (BBB) rating of A+, the highest possible rating from TrustLink, and the Business Consumer Alliance rating of Triple-A. They do not have any rating on TrustPilot
NOTE:Data correct as of 11/30/2022
Complaints
When I spoke with the company, they told me that they had not received one complaint since they started in 2012. When you look at the reviews with the various companies mentioned in the above table, there are zero complaints, as Augusta stated. This is impressive and marks them as a unique precious metal IRA provider.
Who Should Invest with Augusta Precious Metals?
Augusta Precious Metals is the perfect investment vehicle for both experienced investors as well as persons who are new to the silver and gold market.
They offer the ideal investment vehicle for individuals that want to diversify their retirement portfolios. If you are looking to protect your investments from fluctuations in the stock market, you should also consider investing with Augusta.
They are not ideal for customers with less than $50,000 to invest in Precious Metals IRAs.
For non-IRA investments, Augusta only works with clients who have at least $50,000. So, if you have at least $50,000 to invest, then Augusta is definitely the company for you.
If you have less than $50,000, then either American Hartford Gold or Goldco are certainly the number 1 choices . If $10,000 is your maximum, then the likes American Hartford Gold, or even Birch gold Group whose minimum investment requirement is $10,000, will be a better option for you.
Precious Metals IRAs
One of the key services that Augusta provides is helping investors set up their new Precious Metals IRAs as well as helping them rollover existing retirement accounts into Precious Metals IRAs.
Augusta Precious Metals has dedicated departments with experienced and knowledgeable professionals that streamline setting up Precious Metals IRAs. Each client is assigned a dedicated agent.
Here are simple steps to setting up a Precious Metals IRA with Augusta Precious Metals:
Customer Signs Up
The first step involves you requesting a free investment guide from Augusta Precious Metals. Once you have received your guide, contact them when ready. A company representative will then assign you a dedicated customer success agent to assist you for the account’s lifetime, acting as a liaison between you and the rest of the departments within Augusta.
Gold IRA Processing
Augusta Precious Metals has made the process of setting up an IRA easy and stress-free. The customer success agent will then refer you to the processing team who will do much of the work for you. The first step will be to get your application filled out and processed.
Funding the Account
The Augusta Precious Metals support team will initiate the money transfer process. You can choose to fund your IRA account by rolling over funds from your existing 401(k), IRA, or another retirement account. The team will keep you informed each step of the way.
Purchasing Your Precious Metals
Augusta Precious Metals has a dedicated help desk ready to help you with the purchasing process. After you have completed the purchase of precious metals for your IRA, the company will have them shipped to a secure storage facility such as the Delaware Depository.
IRS-Approved Coins
The Internal Revenue Service (IRS) establishes criteria that must be met for precious metals to be held in an IRA. All gold coins and bars must be at least 99.9 percent pure (except for the American Eagle Gold Coin) and all silver coins and bars must be at least 99.9 percent pure.
Here are some of the IRS-approved silver and gold coins that you can add to your Augusta Precious Metals investment portfolio:
Coins For Silver IRA:
– Canadian Silver Eagle with Nest Coins – Canadian Silver Soaring Eagle Coins – Canadian Silver Maple Leaf Coins – American Silver Eagle Coins
Coins For Gold IRA:
– Gold Canadian Maple Leaf Coins – Gold Canadian Eagle Coins – Gold American Buffalo Coins – Gold American Eagle Coins – Gold American Eagle Proofs
Storage
According to the IRS regulations, silver and gold for a Precious Metals IRA have to be stored in an IRS-approved facility. Augusta Precious Metals use the best-secured depository available which is the Delaware Depository.
Purchasing Silver and Gold for Personal Investment
Augusta Precious Metals also offers gold and silver coins and bars for personal investment in addition to its Precious Metals IRAs. Investing in gold or silver directly with the company outside of an IRA offers numerous benefits with the biggest one being the ability to manage your assets directly.
What I Like About Them
The company has a unique one-on-one approach. If you are serious about investing in precious metals, the company will even put together a personalized presentation and educational webinar just for you, as I mentioned before. The company also has an overwhelming number of positive reviews online and as also mentioned they have received zero complaints since they formed back in 2012.
What Could Be Done Better
$50,000 is the minimum purchase with Augusta for both direct delivery and Precious Metals IRA purchases. The $50,000 minimum is particularly high for most investors.
Final Verdict
Augusta Precious Metals is a reliable partner for your gold ira investment. The company handles all aspects of precious metals investments, from paperwork and purchases to delivery and storage in depositories.
The company’s official website is not the best for being organized, but the people you will be dealing with are knowledgeable and responsive to help you get all the answers and information you need to get started with precious metals investing. The one-to-one personalized webinar is a great touch to help you get all your questions answered before you invest. Check out the company’s website and order their free guide to get started today!
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