Which gold IRA company is better? In this Augusta Precious Metals vs. Goldco comparison, we will compare the two. Both have established themselves as two of the most reliable options for investing in gold via an IRA. If you’re trying to decide which IRA provider is best, we hope our study may help you make an informed decision.
In this Goldco vs. Augusta Precious Metals comparison, we closely examine these two competitive gold IRA providers. Each business is top-tier, reliable, well-respected, and praised for its outstanding support services. Each company provides excellent benefits, including establishing a precious metals IRA.
What is Augusta Precious Metals?
Augusta Precious Metals, the leading gold IRA supplier, is led by Isaac Nuriani and Devlyn Steele, two recognized authorities in the industry. Although the firm has “just” been around since 2012, both leaders have extensive backgrounds in the financial sector.
Devlyn Steele, the company’s director of education, began his career in finance in 1983. That amounts to approximately 40 years of professional expertise. Both are dedicated gold investors, with Nuriani even representing the metal on the prestigious ICTA (Industry Council for Tangible Assets).
If you choose Augusta Precious Metals over Goldco, you can immediately work with Steele, who coordinates much of Augusta’s customer education program. It’s great that a high-ranking corporate official is making personal contact with consumers right away.
Augusta chose legendary quarterback Joe Montana as their celebrity spokesperson, as is customary for the finest gold IRA companies. Officially, it wasn’t a sponsorship in the traditional sense but rather the outcome of Montana signing up for an online course under an alias and being impressed by what he observed.
What is Goldco?
Goldco is one of the oldest companies in its field, having operated continuously since 2006. That they were already in business before 2008, when investing in precious metals went “hip,” tells us a lot. Founder and CEO Trevor Gerszt saw the effects of the 2008 financial crisis on both stock markets and the housing market.
It motivated him even more to educate others about the benefits of safe-haven investing. Many prominent publications, from Investopedia to Forbes, have written on Gerszt and Goldco. A high BBB rating is excellent, but what’s even better? Gerszt’s position as a director of the company.
Having a CEO who is a member of BBB is reassuring since the Better Business Bureau and the Better Consumer Alliance are the two most trusted authorities on consumer protection and satisfaction. Goldco chose popular public figure Sean Hannity to promote them.
The support is relatively new, but Sean Hannity has long been a voice for Americans on topics like increasing inflation that are too frequently ignored. Goldco needs a full breakdown of its fees on its website and matches the rates of its precious metals competitors.
What is the difference between the two?
Goldco has been around longer than Augusta and offers all four precious metals instead of just gold and silver. Augusta, on the contrary together, is fantastic at communicating with clients. The fact that they got a celebrity endorsement via such arduous means demonstrates their commitment to customer assistance.
Although Augusta Precious Metals has been around for a shorter time, they present themselves as more committed to the long term regarding gold and silver IRA investments. In contrast, Goldco has expanded into digital currencies and platinum group metals. More so than Augusta, it functions as a vendor.
What do they both offer?
Both Augusta and Goldco are silver and gold investing companies. Goldco also facilitates investments in platinum and palladium, amongst others. Both IRA brokers have earned a reputation for providing exceptional client service. If you want to start a Gold IRA, you’ll need help setting everything up.
Augusta and Goldco companies provide easy-to-follow instructions for creating an account. Please fill out an online form or call them if you need assistance. Both Augusta and Goldco have reasonable pricing plans. Augusta offers a broader range of charge reductions than Goldco.
How trusted is Augusta Precious Metals?
Augusta Precious Metals has been around for about a decade. Throughout that time, they’ve managed to avoid complaints at the Better Business Bureau or the Business Consumer Alliance—their online reviews total over 100+ 5-star reviews with an average rating of 4.8+.
Augusta has storage facilities throughout the United States, including the secure Delaware Depository. Clients may visit any Augusta gold vaults by contacting the custodian in advance. Lloyd’s of London has issued an all-risk policy for $1 billion to cover the precious metals.
How trusted is Goldco?
The Business Consumer Alliance and the Better Business Bureau gave the business its highest possible rating of AAA. Over two million happy clients have been helped throughout its 15 years. The company has addressed all of the concerns and questions raised by its clientele.
It has earned a strong reputation for reliability and honesty among consumers. Goldco is a privately owned corporation that helps people safeguard their retirement funds by converting their traditional IRA, 401(k), 403(b), or other retirement plan into a Gold IRA.
Augusta Precious Metals Fees
Augusta Precious Metals has been praised for its upfront pricing policy. It lists the prices of every service it offers online. There is a $80 yearly custodian cost and a $50 one-time fee for opening an account. Depositories charge an annual fee of $100. The minimum requirement to open an IRA with Augusta is $50,000.
Goldco Fees
Goldco has a $25,000 gold IRA minimum deposit requirement. In addition to a one-time IRA account setup cost of $50 and a wiring fee of $30, Goldco’s chosen custodian charges a fixed yearly account servicing fee. Upkeep costs $100 per year, with storage costing either $150 for private storage or $100 for shared storage.
Winner
Both of these gold IRA companies are good options.