In our Augusta Precious Metals review, we learned they were founded in 2012 and are backed by years of expertise in precious metals. The average rating across Google, Facebook, and TrustLink is 4.8 or higher. Thousands of individuals have given excellent reviews on Augusta.
Augusta Precious Metals is regarded as the industry leader in terms of reputation. Such dominance has earned them the title “guardians” of the Gold IRA industry. When it comes to precious metals, Augusta is a household name. They’ll help you set up a precious metals IRA that works for you.
About Augusta Precious Metals
Augusta Precious Metals has been operating since 2012 and has extensive knowledge of precious metals. Google, Facebook, and TrustLink ratings average 4.8 or above.
Many individuals have gone above and above to spread the word about their beautiful experiences in Augusta.
You can diversify your money effectively through the Augusta Gold IRA. It’s a way to turn your wealth into something tangible, like precious metals. An individual retirement account (IRA) in which precious metals are stored instead of paper currency is called a precious metals IRA.
There is a new way of doing things through Augusta. They’re here to assist customers even after the sale has been made.
- Metals: Gold, silver, palladium, and platinum bars and coins.
- Minimum Investment: $50,000
- Fees: Fixed annual storage
- Storage Options: Contact them for info.
- Location: USA
- Established: Since 2012
- Owner: Isaac Nuriani
- BCA Accredited: AAA
- BBB Accredited: A+
- ConsumerAffairs: 4.9 Rating (131 reviews)
- TrustLink: 5.0 Rating (284 reviews)
- Phone: (800) 700-1008
Augusta Gold IRA
The Augusta gold or silver IRA is a self-directed IRA that lets you put your money into precious metals.
Gold and silver coins and bullion bars from Augusta Precious Metals are among the investments recognized by the Internal Revenue Service (IRS) for Individual Retirement Accounts.
Investors may purchase precious metals and store them in an Individual Retirement Account to preserve their retirement funds from the stock market swings.
Augusta Precious Metals gold or silver IRAs allow investors to buy a gold bar and the corresponding IRA-eligible silver coins:
- Helena Gold Sovereign
- Gold Canadian Eagle
- Gold American Eagle
- Gold American Buffalo
- Gold Rose Crown Guinea
- Gold Canadian Maple Leaf
- Gold American Eagle Proofs
- Gold Australian Striped Marlin
If you’d like to keep your gold bar secure after you purchase it, we suggest the following accredited facilities.
Your selection of custodian facility will get a free shipment from the gold IRA company. Keep your gold coins and silver bars in a safe storage location close to home so you may inspect them whenever you choose.
Augusta Silver IRA
The silver IRA account is a self-directed retirement plan that lets you put money into silver bullion. A silver IRA account is a great strategy to hedge against inflation, much like a gold IRA account.
Regarding retirement savings, the Internal Revenue Service recognizes a select group of premium coins and silver bullion, many of which are offered by Augusta Precious Metals.
Silver bars and the following silver coins are IRA-eligible coins.
- Canadian Silver Soaring Eagle
- Canadian Silver Eagle With Nest
- Canadian Silver Maple Leaf
- Austrian Philharmonic Silver
- America The Beautiful
- Silver American Eagle
- Silver Bar 100oz
- Silver Bar 10oz
You can keep your gold and silver coins at a secure depository close to home, then go there whenever you choose to check on it and ensure the gold and silver coins are in good condition.
IRA Delaware Depository
A custodian such as Equity Trust Company manages and protects your retirement savings. Their custodian will provide a safe place to keep your gold and silver.
Storage facilities are not available at Augusta Precious Metals. The Delaware Depository is the recommended depository since it is an approved IRS storage facility under IRC-408n and is guaranteed by Lloyd’s of London worth $1 billion.
Augusta Precious Metals also recommend secure vaults in the following locations:
- Dallas, TX.
- Los Angeles, CA.
- New York, NY.
- Salt Lake City, UT.
- Nampa, ID.
- Las Vegas, NV.
- New Castle, DE.
- Shiner, TX.
- Wilmington, DE.
- South Fargo, ND.
- Bridgewater, MA.
Augusta Precious Metals has suggested these IRA custodians:
Equity Trust Company: Equity Trust is a supplier of self-directed retirement accounts with over $25 billion in assets under management and over 30 years of industry experience serving customers.
GoldStar Trust Company: Around 38,000+ self-directed retirement accounts are held at GoldStar Trust Company. The Better Business Bureau (BBB) has given GoldStar an A+ rating.
The Kingdom Trust: When investing in precious metals for the average American, no other business in the country can compare to the size of Kingdom Trust. They handle more than $12 billion in assets.
Augusta Precious Metals Complaints & Reviews
Considering customer complaints is an excellent evaluation practice since every business is flawed. However, we could only locate one lousy review of Augusta and no complaints on the Better Business Bureau or Business Consumer Alliance website.
Looking through all the Augusta Precious Metals reviews (and a number of them), we could only find a few that were favorable. Augusta Precious Metals have received the highest possible ratings from rating agencies. AAA (the highest possible) from the BCA, and A+ from the BBB.
The following ratings from Augusta Precious Metals:
- BBB Rating: A+
- BBB Complaints: 0
- BCA Rating: AAA
- BCA Complaints: 0
- Consumer Affairs: 4.9 Ratings – Based on 129 Reviews.
- Google Business: 4.9 Ratings – Based on 300 reviews.
- Facebook: 4.8 Ratings – Based on 124 reviews.
- TrustLink: (5/5) Based on 283 reviews.
Education by Devlyn Steele
You can rely on Augusta to provide you with knowledge step-by-step. It may seem strange, but there are several factors to consider when opening a gold and silver IRA. Do you prefer gold or silver? How much do you plan on investing?
Having started in 1983 as a financial analyst for Butler Aviation, Devlyn has since had positions with People’s Express Airlines and UPS.
Throughout his profession, he has worked with analytics for various businesses in the financial, industrial, tech, start-up, and other sectors.
He formerly served on the councils of numerous successful Silicon Valley and tech firms. Economics and analytics have been the unifying
factor in his life. He is now enrolled in the analytics program at the Harvard Business School, where they’re pushing extensive data into the next millennium.
Compared to other cities, Augusta stands out because of Devlyn, its Director of Education. Because Augusta values your education more than having you join as a customer, you can be confident that Devlyn will always put your interests first.
In addition, they care so much about your education that they devote an entire page to warning you against any precious metals IRA scam. Augusta is well aware of the vast amount of knowledge available and wants you to have access to it all.
The training does not end with the creation of an account with them. When you sign up for Augusta, you can access 24/7/365 account support. Your agent is an excellent resource for questions about services, costs, and availability.
Lifetime Customer Support
Augusta’s excellent customer service is one of the many benefits of doing business with them.
After signing up as a client, you won’t have to consider opening a precious metal account, making investment choices, or completing paperwork. You can reach out to your personal account manager and talk with one of their skilled employees who is ready and willing to help.
In Augusta, they have many divisions that work together to make your life simpler. Augusta gives you a personal representative to answer any of your questions. Moreover, they’ll get you in touch with the correct department whenever you need it.
- Ongoing support from Augusta’s Company Agent: Addresses the most real gold and silver-related inquiries. Acts as a go-between with other divisions; get in touch with your agent beforehand. Your special agent will be able to assist you throughout your retirement.
- Ongoing support from Augusta’s Education Department: Delivering informative films and regular updates on the precious metals market. Introduces frequent one-on-one video conferences to educate you about the market and the value of precious metals.
- Ongoing support from Augusta’s Processing Team: The IRA processing department helps you fill out your custodial forms for free, including RMDs, liquidations, distributions, transfers, and contributions. This IRA processing department ensures customers save time, so they don’t have to worry.
- Ongoing support from Augusta’s Order Desk: The order desk helps you easily acquire more precious metals such as gold, silver, etc. The order desk also can manage buybacks of precious metals (they can’t promise buybacks, but they’ve never turned down a buyback request).
Fees and Costs
The good news is that Augusta Precious Metals has no management fees. Since Augusta is so committed to precious metals IRAs, they charge a one-time account fee. Below are the following fees to be aware of:
- Minimum Investment: $50,000
- Setup Fees: $50
- Annual Custodian Fees: $100
- Annual Storage Fees: $100
- Total IRA Fees: $250 first year / $200 afterward.
- Shipping Costs: None
- Hidden Fees: None
With qualifying deposits, the company will cover the cost of insurance and shipping. Augusta Precious Metals will pay any Silver or Gold fees until it is shipped to your vault.
Frequently Asked Questions
Besides the exceptional customer service, here is the gold IRA FAQ from this existing IRA.
Who owns Augusta precious metals?
Issac Nuriani operates as the Founder and CEO of Augusta Precious Metals. Isaac Nuriani is an expert on the economics and IRAs backed by precious metals, such as gold and silver, that may be stored in a physical vault.
As Founder and CEO, he helped customers by providing them with various investment options considering their circumstances and objectives. Among the options considered were IRAs, where silver and gold could be purchased, and other precious metals.
Is there a Refund Policy?
This gold IRA company has a 7-day money-back guarantee for first-time customers. New orders for high-end items, however, are final. An extended cancellation period will be honored if required by state law. They can process payments made by bank transfer and personal checks. All checks are limited to a maximum of $50,000, or you can send any amount through bank transfer.
Is Augusta Precious Metals legit?
Established for over a decade, Augusta Precious Metals is a reliable gold IRA, and we recommend them. The business is highly supervised and supported by reliable resources. Augusta Precious Metals has membership in the American Numismatic Association (ANA) and Better Business Bureau (BBB).
Gold and silver from this precious metals company may be trusted since they are certified by the United States Mint. The Better Business Bureau has given the precious metals company an A+ rating, and the American Numismatic Association (ANA) has also granted them accreditation.
Is Augusta Precious Metals a Scam?
No, they are not a scam. Augusta Precious Metals was recognized as “Most Transparent” by Investopedia and “Best Gold IRA Company” by Money magazine for gold IRAs in 2022. The Better Business Bureau awarded the company an A+ grade, and the Business Consumer Alliance gave it an A+ as well.
Several notable individuals speak well about Augusta and have nothing but praise for the firm. Joe Montana, a hall-of-fame quarterback who has gone on to greatness, is one such individual. He says it is “the best gold company in the United States.”
Augusta Precious Metals Awards
Augusta Precious Metals is honored to have won two Stevie Awards for Sales Distinction of the Year and Customer Service Success. The Steve Awards are among the most prestigious honors in the business world. Reputable CEOs, business leaders, inventors, and business administration professors evaluate them.
Augusta Precious Metals is honored to be ranked “Most-Trusted Gold IRA Company in the United States” by the unbiased IRA source IRAGoldAdvisor.com. Review sites consistently rank them as one of the best around when it comes to openness, support, and price.
Augusta information kit
For Americans looking for competitive prices with real gold and silver, Augusta Precious Metals is dedicated to delivering the comprehensive, practical information they need.
If you contact 800-700-1008, an Augusta customer specialist would happily schedule one of their online educational conferences where you and a financial advisor can review all the details. Likewise, an online study on gold, silver, and other precious metals is a good idea.
Is it hard to liquidate a gold IRA?
That’s not the case at all. You can get your hands on all or portion of the gold and silver in your IRA quickly and easily. You may have the physical gold cashed out on your authority and the cash sent to your custodian.
To distribute your tangible assets, you can pick them up from the storage with your custodian. Remember that if you take money out of your IRA before you’re ready, you might owe penalties and taxes if you don’t put it into another retirement savings. Before taking money out of a gold IRA, talk to your tax professional.
Can I roll over my existing 403(b), Roth IRA, or 401(k)?
A part of your 401(k), 403(b), Roth IRA, or IRA gold contributions may be rolled over into a gold or silver iras. Gold IRAs are often financed in this manner. Augusta gives you all the resources to make the transition to other precious metal IRAs easy and stress-free.
What is the Augusta Precious Metals order desk?
Augusta’s IRA processing department will be able to help you finish the necessary steps to open your IRA account and buy gold. Your account manager will help you by doing around 96% of the work with you, saving you time and giving you peace of mind.
After you’ve decided on a custodian and established your new investment account, the associates at Augusta Precious Metals will walk you through the various options for purchasing gold or selling precious metals. They can assist you in creating a physical gold and silver self-directed retirement account.
What are the tax implications of a gold IRA?
Until recently, acquiring actual gold and silver as an investment portfolio was more challenging. The Taxpayer Relief Act of 1977 legalized using self-directed retirement accounts to purchase precious metals.
A gold or silver IRA is treated like a traditional for tax purposes. Withdrawals are treated as regular income, and contributions could be tax deductible. But, premature withdrawals or failure to take RMDs might result in extra penalties and taxes.
What makes Augusta Precious Metals unique?
Augusta Precious Metals pros have written various guides to assist its clients in learning the ins and outs of investing in precious metals. Their virtual conference, created by their in-house Harvard-educated economist, is one of a kind. Augusta is involved in the ethics community under membership in the National Ethics Association.
Where can I see the status of my Gold IRA?
Besides receiving quarterly statements detailing portfolio returns, you will always have access to your account information online.
Augusta Precious Metals facilitates establishing a silver and gold IRA and helps you buy physical gold that complies with IRS rules. The company adds that the precious metals will be stored in a safe, insured Delaware Depository vault.
How do I access the funds in my gold IRA?
At any moment, you may withdraw the amount of your gold and silver IRA in whole or part. Distribution: You or Augusta may pick up the metals from the vault, or you will get a cash payout for the distribution.
To evade penalties and taxes on premature withdrawals, you must take RMDs after age 70 1/2. While the Augusta website does have an RMD Calculator, it is still recommended that you consult a tax expert before making any distributions.
What is the safest precious metal to invest in?
Gold’s price has soared at various points in history, but it doesn’t mean you can bank on it, making you wealthy. Those who invest in precious metals like gold and silver often do so to spread their risk. Including precious metals in your investment portfolio is an excellent way to spread your investment risk and protect your savings from market volatility.
Gold and silver IRAs provide diversification advantages only if kept for extended periods. The value of gold and silver will fluctuate like the value of any other asset. Compared to paper money, the metals you own have more lasting worth. The value of gold and silver has never been $0. Before buying precious metals from Augusta, you should talk to your tax, legal, and financial advisors.
Have gold and silver IRA investments proven to be worthwhile?
Gold and silver are two examples of precious metals, but many more types of assets behave similarly in the market. As a result, diversifying your money with precious metals may help protect you against a decline in the worth of other investments.
When you diversify your retirement savings with precious metals like gold and silver in precious metal IRAs, you reap the tax advantages of an IRA and the benefits of these commodities themselves.
Do customers have to pay anything to handle their gold IRA?
Because customers are in charge of their self-directed IRA, they will not have to pay any investment management costs. But, certain expenses will be connected with maintaining a gold IRA, such as a small yearly custodian, setup fee, and storage charge.
How much return could I expect on my gold IRA investment?
Silver and gold have done well in the past, but this asset still has the same potential for growth or decline. Any guarantee does not back a gold or silver IRA. However, such investments might hedge against inflation when included in a diverse portfolio.
Conclusion on Augusta Precious Metals Review
Augusta Precious Metals is well recognized in the precious metal IRA industry, with countless 5-star reviews and thousands of ratings from satisfied customers.
To help its customers, the firm offers a one-on-one online meeting to discuss the gold IRA procedure, the business, and the dangers of solid sales methods used by certain gold IRA companies.