Stay tuned for our Augusta Precious Metals review, where we’ll help you determine whether this gold IRA company is a good fit. Joining up with the best gold IRA company promises a safe and easy investment procedure. When looking for a reputable company, many investors choose Augusta Gold IRA.
Do you plan to use precious metals to protect your future investments? As you prepare for the future, it’s essential to diversify your portfolio.
Since its founding in 2012, Augusta has catered to individual retirement accounts (IRAs) that hold precious metals, notably gold and silver. Putting some of your money into precious metals may help you withstand inflation and fluctuations in the market.
Who is Augusta Precious Metals?
Joe Montana, the Hall of Fame Quarterback, and his firm’s advisory group have supported Augusta Precious Metals. Regarding its precious metals IRA services, Augusta has been awarded “Best Gold IRA Companies” by Money Magazine, among other accolades, and has had hundreds of five-star reviews since 2012. Augusta Precious Metals offers transactions in cash and gold IRAs.
Helpful details about Augusta are listed below:
- Available Metals: Gold and Silver
- Minimum Investment: $50,000
- Shipping: United States
- Office: 5830 East 2nd ST, Casper, WY, US 82609
- Established: Since 2012
- CEO: Isaac Nuriani
- BBB Accredited: A+
- BCA Accredited: AAA
- TrustLink: 5.0 Rating (287 reviews)
- ConsumerAffairs: 5.0 Rating (138 reviews)
- Google Business: 4.8 Rating (454 reviews)
- Facebook Business: 4.7 Rating (133 reviews)
- Phone: (800) 700-1008
- Free Gold IRA Guide: Click here
Augusta Precious Metals has videos from Harvard-educated economist Delvyn Steele as part of their online video collection. If you want to know more about the economy, these videos are an excellent place to start. We propose Augusta Precious Metals as the Best Gold IRA Company in 2024 to open a gold IRA. Augusta Precious Metals offers a web conference that you may participate in before you create an IRA with them.
Pros & Cons
Gold and Silver IRA
Augusta Precious Metals claims that if you create a gold IRA with them, they will be there to assist you with any inquiries you may have, from the moment you choose to establish the account until the moment you close it. From the time you select your precious metals until they reach the storage facility, Augusta Metals will pay for transportation and insurance.
Some precious metals may now be invested in IRAs, according to the approval of the IRS. Most of the time, 99.5% purity is required for bars of gold and coins. No silver coin or bar may be less than 99.9 percent pure.
Augusta recommends the following gold coins for your IRA:
- Australian Striped Marlin
- American Eagle Proofs
- American Eagles
- American Buffalo
- Gold Canadian Eagle
- Canadian Maple Leaf
Here are some silver coins that Augusta offers for your IRA:
- American Silver Eagle
- Canadian Silver Maple Leaf
- Canadian Silver Soaring Eagle
- Canadian Silver Eagle with Nest
Common Bullion and Premium Products
For those who do not choose to make investments in an IRA or do not possess the $50,000 minimum investment requirement, Augusta Precious Metals offers the option to purchase gold and silver products directly. If you want to buy coins or bars from Augusta but don’t have an IRA, you may do so, and they will send them to you at no extra cost.
Common Bullion Products
You may buy common bullion products made of gold and silver at Augusta Precious Metals. You may see a comprehensive catalog of the company’s products on its website. Nevertheless, Augusta needs to verify the pricing with you in person when you order since it is not shown online. Augusta Precious Metal offers common bullion products with a margin of up to 5.2%, as stated in its purchase agreement. The pricing will be locked in after you complete your purchase.
Premium Products
Augusta Metals also has a variety of high-quality bars and coins of silver and gold. The purchase agreement specifies that a premium product can profit up to 66%. There are a lot of high-quality items on their online store that need to be more in stock or sold out.
Augusta Precious Metals IRA Fees
The services offered by Augusta Gold IRA are subject to several fees:
Startup Fee:
- $50 startup fee for IRA accounts.
Custodian Fees:
- $250 custodian fee for the initial year.
- $100 for each subsequent year.
Shipping and Storage Fees:
- Shipping is free.
- An annual storage fee of $100.
With Augusta Precious Metals, there are zero management fees. Augusta only charges a one-time account setup fee since they are so committed to Gold IRAs being genuinely self-directed.
Then, the only money you’ll have to spend at your chosen storage facility would be the custodian costs. Some fees include opening an IRA account and buying gold or silver bars. However, Augusta more than makes up for it with its excellent customer service and complimentary educational materials.
Despite their antiquity, the value of gold and silver has continued to rise. Investing in precious metals like gold and silver is smart since their worth will increase.
How To Invest With Augusta Precious Metals?
Step 1: Contact Augusta Precious Metals
An inquiry for your self-directed individual retirement account (IRA) will be issued when you contact them.
Step 2: Transfer Funds
Moving money from an existing retirement account to a new IRA is the next step after completing the form. Augusta can help you with any questions about the paperwork required to transfer your retirement savings.
Step 3: Place An Investment
Contact Augusta’s Order Desk today to buy gold and silver products. To make it easier to choose which precious metals you are interested in investing in and place your order, the Augusta Metals IRA order desk will give an inventory of coins suitable for IRAs.
Step 4: Register For Shipping
After buying your precious metals IRA, the next step is to arrange delivery to your chosen depository. Next, they will transfer the precious metals in your IRA to an IRS-approved safe deposit box at your selected location. Alternatively, you may always have precious metals sent to your home if an IRA isn’t an option.
Augusta Precious Metals Storage
Augusta provides a list of safe storage facilities in US locations and one international site for your gold IRA. Following 7 to 10 days after your transaction’s completion, the precious metals you purchased will be transported to the storage location of your choice.
They understand that you care strongly about the security of your metals in a depository. You can rest confidently knowing that Augusta has researched and found its clients’ top U.S.-protected private vault. The Depository in Delaware is the one they selected.
- Exchange-approved depository for ICE and CME.
- $1 billion all-risk insurance via London underwriters.
- IRS-compliant (IRC – 408n) depository for IRA assets.
- Bullion is entirely allocated and held off the balance sheet.
An independent, state-of-the-art depository facility will keep your valuable metals safe. They are distant from political and financial hubs, have legal documentation, and are unreachable to the facility’s creditors.
Here are the cities where Augusta currently has storage facilities available:
- New York
- Los Angeles
- Salt Lake City
- Wilmington
- California
- Utah
- Jackson
- Ohio
- Delaware
- Delaware
- New Castle
- Mississauga
- Springfield Gardens
Educational Resources and Support
The company’s educational resources were especially practical since they were easy to access as a customer. There was a video library to help you understand the weekly economic situation, the most recent market news, a complimentary Gold IRA tutorial, and a free one-on-one online conference led by economist Devlyn Steele, who attended Harvard University.
You may find several instructional videos at Augusta Gold IRA. Here, you can find information about purchasing gold via an Individual Retirement Account (IRA), understanding the role of the Federal Reserve, preparing for retirement, and the potential effects of current developments on your assets. In addition, you may get monthly newsletters from Augusta with the latest market news alerts.
Final Thoughts
Anybody looking to invest in precious metals, such as gold or silver, should choose Augusta. The company has excellent customer service and an extensive product selection. Both the prices and the company’s expertise are top-notch. Augusta Precious Metals is highly recommended by Joe Montana.
You have a lot of freedom to choose how the company finances your account. Cash, checks, wire transfers, or even a transfer from a different retirement account are all acceptable ways to fill your new Gold IRA account. If you seek a precious metals investment, we highly suggest Augusta Precious Metals.
