The Complete Augusta Precious Metals Review
Can Augusta Precious Metals be trusted or is it a scam? Is it a regular precious metals company or is it equipped with products and services you can potentially benefit from? It might be difficult trying to navigate investing in gold and silver or other precious metals, which is why you’ve possibly looked into Augusta Precious Metals. We have researched everything you need to know about this company to ensure you make the right decision. Continue reading our comprehensive Augusta Precious Metals review to find out more.
About Augusta Precious Metals
Augusta Precious Metals is a family-owned precious metals seller and gold IRA services provider that’s run by Isaac Nuriani. This enterprise has almost 50 years’ worth of experience in the precious metals industry while being truly service orientated and trusted by many Americans.
Countless individuals have selected Augusta Precious Metals as their trusted gold and silver partner when embarking on their journey to creating wealth while ensuring their retirement is sorted through gold IRAs. Investors in Augusta Precious Metals can open self-directed precious metals IRAs while also buying gold and silver in deals unrelated to the opening SDIRAs.
Hall of fame quarterback Joe Montana, who proudly displays the Augusta Precious Metals logo, is known for being a customer of this business. He was first introduced to Augusta when his financial advisors recommended this company to preserve his retirement savings. After investing in these services, Joe Montana was made the company’s corporate ambassador. Since then, many more clients have joined the Augusta family, and Joe Montana, and gained satisfaction with this decision because of the company’s organized and streamlined approach.
How Does Augusta Precious Metals Work?
Throughout the purchasing phase, Augusta Precious Metals provides you with a Seven-Day Price Protection Program. This typically locks the current price rate at the time you make this purchase and confirm it through your phone.
When purchasing precious metals from this company, bullion prices are typically locked whenever the company receives the money used to make the respective purchase. Additionally, Augusta Precious Metals also tends to offer discounts on prices for bullion when making a large purchase.
After opening your gold IRA account, you receive a $2000 silver bonus, which you may want to utilize alongside a running initial qualifying investment. If you invest in premium gold and silver from this company, you’re allowed to cancel these orders within a week from the time this order is made without any questions asked. Finally, all subsequent bullion orders and purchases are made final after this order has been confirmed.
How Do You Open a Precious Metals IRA Account on Augusta Precious Metals?
Opening an IRA with Augusta Precious Metals is relatively easy. All you need to do is follow the three easy steps laid out by the company. Additionally, you can receive assistance from a representative who is knowledgeable about IRA opening. These representatives generally help those who reach out to them to make these IRS-approved selections that can help achieve their investment objectives. These selections are gold and silver coins minted by popular treasury departments and mints. Here are the steps you can follow to create an Augusta Precious Metals IRA account:
Step One: Open an Account/Self-Directed IRA
When opening an IRA account, Augusta Precious Metals typically recommends that you work with any of the below-mentioned custodians:
· Kingdom Trust
· Goldstar Trust
· Equity Trust
These are some of the best companies you can find in the market while owing to their exceptionally high level of compliance and integrity.
Step Two: Send Money to Your Account
The next step after opening this account is to transfer money from your bank account. Otherwise, you can deposit these funds by making a gold IRA rollover. This can be done from an existing IRA.
Step Three: Buying Gold and Silver
Once you have successfully set up this account and added funds to it, you can buy gold and silver for this newly created IRA. When you do make a purchase, these precious metals are generally stored inside a secure facility that has been insured.
Utilizing Augusta Precious Metals gives you the option of many different forms of precious metals when you purchase gold or silver. You can choose between bars, bullions, and many others.
Our Comprehensive Augusta Precious Metals Review
Augusta Precious Metals representatives are equipped to collaborate with investors and open a tax-advantaged retirement account that’s backed by precious metals. These assets are stored in safe and secure facilities. Gold and other precious metal IRAs offer the same tax-deferred status as other self-directed IRAs. However, Augusta Precious Metals IRAs stands out against the rest because of its team of highly trained professionals who can effectively help customers with a high level of knowledge and experience.
Augusta Precious Metals Gold IRA Storage
Augusta ships precious metals not held within an IRA to your home or post office box. The company has never lost a precious metals package in transit and strives to guarantee the safety of this gold and silver. This is done by housing these precious metals in seven separate storage units across Canada and the US. These well-known precious metals storage facilities are located in the following areas:
- Springfield Gardens
- Salt Lake City
- Los Angeles
Augusta Precious Metals Costs
Numerous factors lead to the fluctuation of prices for silver and gold. That’s why it’s vital to reach out to Augusta Precious Metals to identify the investment costs you’re occurring. Additionally, you’re required to invest no less than $5,000 to start buying gold or silver. There is no maximum investment in the company. You may decide to purchase gold and silver outside of an IRA investment account. If this is the case, you can make the respective payments for these precious metals through the following methods:
- Credit cards
- Wire transfer
When it comes to using credit cards with Augusta Precious Metals, the maximum amount of money you can spend is $5,000 for each transaction. Customers are expected to pay two annual fees. These are a $100 storage fee and an $80 custodian maintenance fee.
It’s highly recommended that you understand what fees you need to pay before you sign anything. This helps you identify if there are any hidden fees. Luckily, we have noticed that Augusta Precious Metals doesn’t conduct business like this. Nonetheless, it’s crucial to know because we have heard many stories of individuals being scammed because of undisclosed fees. Moreover, you should always look to conduct work with a company that offers 100 percent transparency, which is why Augusta Precious Metals is a good option.
What Are the Advantages of Augusta Precious Metals?
Augusta sets itself apart from other businesses by offering precious metals customers unmatched service. Its IRA processing department, economic analytics team, storage facility, and lifetime customer support team are equipped with superior knowledge and expertise when investing in gold or silver IRA accounts. Augusta Precious Metals gold IRAs are known to receive 5 stars from customers because of the exceptional experience investors receive when partaking in the various offers available. Here are some of the benefits you can expect to receive when working with Augusta’s IRA Augusta Precious Metals:
Augusta Precious Metals makes it incredibly easy to purchase precious metals as a cash account or IRA. This is done through straightforward and streamlined gold IRA processing while a personal agent is assigned to each customer for added convenience. The IRA processing team does 95 percent of the legwork for you when setting up this precious metals IRA account. Additionally, Augusta re-selects these precious metals products at extremely competitive pricing.
Augusta is known for being very forthcoming with the information regarding the company and its precious metals IRA. When choosing Augusta, you gain access to all the information you need on their robust website. Additionally, this company doesn’t charge any hidden fees. You gain lifetime customer support while the precious metals storage fee is laid out to you before signing any paperwork. Augusta does this to ensure you’re aware of the total cost of investing in these silver and gold IRA accounts before you begin the purchase process. Additionally, the company constantly updates your transaction status and is available whenever you need to have questions that need to be answered.
Knowledge and Expertise
The agents working at Augusta are equipped with the expertise and knowledge you require to help you build a precious metals portfolio that best fits your personal goals. The company employs an effective analytics team that’s lead by a Harvard-educated expert. This assistance is available to customers when purchasing gold and remains through the life of their physical gold and silver portfolios. This Augusta Precious Metals company has earned high customer loyalty and repay business because of the exceptional service offered to clients while upholding integrity and transparency.
Who Can Benefit from Augusta?
Augusta is a gold IRA company that’s equipped to help any customer wanting to use physical gold and silver in their portfolio. Such an addition is well-liked for its added protection and enhanced savings. However, this gold IRA company can best help those who already have a considerable sum of money in an existing account, like a 401 (k) or IRA.
Augusta works as an excellent silver and gold IRA company for those who are hesitant about working with precious metal investment institutions. This is because Augusta Precious Metals reviews have shown the company is equipped with a robust reputation for integrity and transparency.
This gold-silver company is an excellent option for potential customers who need robust information before deciding to fund a gold-silver IRA. This is because Augusta Precious Metals storage and purchasing facilities offer a wide array of educational materials. These potential customers can study such data before making a purchase of bullion coins for their IRA gold account.
Even though this IRA gold company doesn’t advertise offering financial advice, it’s helpful that this business studies the past performance of precious metals options and presents the most popular physical gold and silver Augusta precious metals offers for customers to choose from. This saves consumers a massive amount of time while also helping sort out the best options.
Pros & Cons of Augusta
It’s always recommended and wise to compare the positives against the negatives to ensure you gain a better overall view of anything. That’s why we have made a list of the advantages and disadvantages you can expect to receive when choosing Augusta. Here’s what you need to know:
You need to consider that a precious metal IRA is a tax-advantaged Individual Retirement Account invested in precious metals. The advantage of a precious metal IRA over other types of investments is that despite price fluctuations, these are always worth something. In contrast, paper stocks can go down to zero, and bonds can default, which can’t be said for precious metals. Augusta Precious Metals works as a family-owned company that sells precious metals and provides investors with gold IRAs, also called precious metal IRAs. When using Augusta to invest in gold coins or silver bullion, the company can offer you some exceptional benefits, such as:
- Easy-to-open gold IRA account.
- Exceptional customer service
- Flawless ratings from many third-party consumer protection platforms.
- Safe storage facilities at decent storage fees.
- Free shipping and transit that’s secure and convenient.
- Bonuses available in the form of additional gold/silver for any qualifying purchases.
Although you can expect exceptional benefits when working with Augusta Precious Metals, there are cons associated with these investments, like:
- The large sums of money needed (minimum $5,000) to purchase premium coins and gold IRAs can push customers away.
- Augusta Precious Metals storage and purchasing only include silver and gold. You can’t invest in palladium or platinum when using Augusta.
Should You Use Augusta Precious Metals When Investing in Gold and Silver?
Because silver and gold aren’t affected by inflation, adding these assets to your portfolio can be an exceptional advantage. Rolling some of your retirement savings to precious metals is an excellent way to eliminate low-interest rates and inflation.
However, the problem with most gold IRA companies is that these businesses aren’t transparent. In some instances, you can end up paying hefty fees after your initial purchase. Nonetheless, this doesn’t happen when you’re working with Augusta.
With this business, what you see is what you pay. From this, the business receives 5 stars from the Better Business Bureau, many customer reviews, and Business Consumer Alliance. Your investments are securely protected in a Delaware Depository or another safe storage facility while you only pay low storage fees for these services. You also have the option of these fees being paid for a lifetime.
You’re guaranteed personal ethics and transparency when using Augusta. These are the two crucial virtues that make this business so successful. The only problem is the high investment minimum, but this shouldn’t be a problem for those who already have existing retirement funds.