Augusta Precious Metals FAQ
To learn more about Augusta Precious Metals, gold and silver IRAs, and their straightforward procedure, explore the frequently asked questions. If you have any inquiries about opening a Gold IRA or want to explore your options, please don’t hesitate to Contact Us.
Note: We are not Augusta Precious Metals, we just provide you information about them.
How can an IRA benefit from buying precious metals?
Gold and silver are good inflation hedges; having actual possession of them may help diversify your money since their value is typically uncorrelated with other assets. You may grow your investments in precious metals inside a tax-free (Roth IRA) or tax-deferred plan. You may save on portfolio management costs and do your investing with a gold IRA.
What are the advantages of investing in gold and silver?
Gold is well recognized as a valuable commodity that has historically served as a hedge against economic and political uncertainty. Historically, gold and silver have been suitable investments during economic uncertainty. One such period is 2001-2011 (before and after the well-known financial meltdown in 2008). Gold prices increased by 600% and silver prices by 950% throughout that period, while the worth of most other assets decreased. This is because gold and silver are part of a group of investments that tend to be low in correlation with one another. Therefore, they may provide variety. As real metals have always had value, their value has never been zero. Silver’s industrial applications boost its worth. Before making any Augusta product purchases, you should get advice from your tax, legal, and financial advisors.
Where can I learn about purchasing gold and silver?
For Americans looking to diversify their savings for retirement with actual gold and silver, Augusta Precious Metals is dedicated to delivering the comprehensive, practical information they need. Augusta’s IRA information guide and website both have a wealth of resources. If you contact 800-700-1008, an agent will happily schedule you for one of Augusta’s innovative educational web conferences. Learn as much as possible about gold, silver, and other precious metals by studying online.
Will purchasing gold make me wealthy?
The cost of gold has soared at various points in history, but it doesn’t mean you’ll become wealthy investing in it. Gold and silver are often added to portfolios by investors looking for diversification. Gold, silver, and other precious metals may help to spread risk throughout your portfolio since they have increased in value even while most other assets have declined. Holding gold and silver for extended periods may provide diversification advantages. Gold and silver prices fluctuate like those of any additional investment. Unlike paper cash, the worth of your precious metals will only increase with time. The value of gold and silver may never be $0. Before buying precious metals from Augusta, consult your tax, legal, and financial advisors.
Where can I find out more about Augusta?
For a gold IRA guide, don’t hesitate to contact Augusta at 800-700-1008 during office hours or fill out the inquiry form on our contact page. When you first reach Augusta, you’ll be connected with a customer agent who will be your point of contact throughout all of Augusta’s divisions, including education, IRA processing, order desk, and approval. One of the best things about Augusta is that, once you become a client, you have a connection with the company’s customer representatives and all the other divisions for the duration of your subscription.
How long has this company been around?
Augusta Precious Metals was established in January 2012 by CEO Isaac Nuriani, who dreamed of helping people in the United States learn about the benefits of diversifying their retirement portfolios.
Have they always been known as Augusta Precious Metals?
Yes. The company has always been known as Augusta Precious Metals.
Is it simple to get in touch with an Augusta agent?
Augusta provides dedicated agents to each consumer who is always reachable during regular work hours. Call the customer number at 800-700-1008 if your agent is busy with another Augusta client, and they’ll get back to you as quickly as possible. The Augusta crew has garnered hundreds of five-star evaluations from verified customers on third-party review platforms.
When can I expect to receive my precious metals?
After verifying your purchase, your precious metals will typically be dispatched within 7-10 business days. Please be aware that longer wait times may be necessary if availability is interrupted due to unusual events (i.e., COVID-19).
How much money should I put down for precious metals?
Some experts suggest allocating 5-10% of the portfolio to precious metals. Some people may advocate for a different proportion. Your investment strategy should dictate how much gold and silver you hold. Before making any Augusta product purchases, you should get advice from your tax, legal, and financial advisors. Augusta does not suggest a fixed allocation of funds for anyone’s portfolio.
Are there limits on how much you may order?
For transactions made with cash that are not part of an individual retirement account (IRA), Augusta needs a minimum order of $50,000. Any number and variety of products may be purchased to meet the minimums. They have no maximum order size restrictions. Augusta is the place to go if you want to buy a substantial amount of physical precious metals.
Which is a better investment, gold or silver?
Contact an Augusta customer service representative at 800-700-1008 to go through purchasing precious metals. Their education staff is available by appointment to discuss the current state of gold and silver IRAs (including fees), the state of the market and inflation, and warning signs to look out for when dealing with high-pressure sales tactics used by particular gold IRA businesses. It would be best if you talked to your tax, legal, and financial advisors before buying precious metals from Augusta.
Who may make purchases from Augusta?
Individuals above 18 interested in buying from Augusta Precious Metals, include collectors and investors.
Does Augusta take gold and silver as a trade?
Yes. Augusta, however, makes no assurances that it will buy back any metals it has already sold.
Depository FAQ
Where are the secured depositories located?
Multiple depositories are available in major U.S. cities, so you may choose one that’s the best fit for you. Dallas, Salt Lake City, Los Angeles, Nampa, Shiner, South Fargo, Wilmington, Bridgewater, Las Vegas, New Castle, Delaware, and New York all have storage facilities accessible at the moment of this writing. Inquire about their most recent list.
Is it hard to pull out a gold IRA?
Actually, no. A gold IRA makes it simple to take a payout, in metals or cash, whole or portion. Augusta can produce metal withdrawals on your behalf and send the proceeds to your custodian by wire transfer. Your custodian may arrange the delivery of your precious metals to you right away. You and your custodian may arrange a distribution retrieval at the storage facility. It is essential to remember that if you take money out of your IRA before you are required to, you may be subject to penalties and taxes. It would help to talk to a tax specialist before taking money out of your gold IRA.
How can I receive free delivery and insurance?
Augusta Precious Metals will pay for the delivery of your metals to your IRA storage premises and liability insurance, provided that you make a qualified purchase.
Are private storage for precious metals insured?
Yes. The depository storage facility will ensure your precious metals against covered losses. Depositories generally employ a London underwriter in addition to the strong security measures they offer.
What kind of security is in these depository facilities?
Each depository has stringent access-control methods and cutting-edge security measures to protect the physical security of its holdings.
Shipping FAQ
Where does Augusta Precious Metals ship?
Precious metals in an Individual Retirement Account are sent to a U.S. depository. Wherever in the United States is open for cash purchases.
How long for orders to arrive?
After an order has been authorized, it typically ships within 7-10 business days.
How is an order shipped?
They use Registered Insured Mail, Federal Express, or Express Mail for shipping. Brinks Armored is used for shipments of significant size.
How does Augusta wrap the order?
They always use a discreet box that doesn’t hint at what’s inside when they ship items. The courier will not be familiar with the contents.
Pricing FAQ
When do we lock in the prices?
Once your transaction is verified over the phone and money is received, the premium and bullion pricing is fixed. In the unlikely event that the price of a premium item drops within seven days of your purchase, you may cancel and reorder at the reduced price, as promised by their 7-Day Price Protection Program.
Exactly why am I unable to place an online order?
The Augusta confirmation center must verify the rates over a recorded phone line. They will verify the items you are interested in purchasing, the prices of those items, the dangers of investing in precious metals, and your shipping information.
Any commission fee for the quoted price of gold or silver?
The Augusta order desk’s listed costs are the final prices you’ll pay. After your recorded confirmation call, rates will not change.
Payments FAQ
What methods of payment Augusta accepts?
Both bank wires and personal checks are acceptable methods of payment. Any amount is good to send by bank wire transfer. You may write checks for any amount up to $50,000.
Return Policy FAQ
What is Augusta Precious Metals' return policy?
Augusta allows first-time clients up to seven calendar days following the day the purchase is verified to revoke premium silver and gold coin purchases. Unless an additional cancellation time is provided for by law in your residence, future premium product purchases are final following an agreement of the recorded confirmation call.
Tax Obligations FAQ
Can you advise on the tax liabilities of owning metals?
Augusta is not a source of tax advice. Regarding any potential tax obligations, you should seek the advice of a qualified tax preparer.