This is an in-depth Augusta Precious Metals review.
In this review, you'll learn the following:
- Augusta's history
- Augusta's products and services
- Augusta's minimums
- Augusta's pros and cons
- How Augusta Precious Metals works
- Why Augusta my vote as the best precious metals company
- What makes Augusta different when pitted against other precious metals companies
- Prominent Augusta Precious Metals customers
- Why you should leverage Augusta's services to diversify your retirement nest egg
I'll also answer a couple of people's questions about Augusta and more.
Quite simply, this Augusta Precious Metals review provides a 360-degree view of the company, laying down everything you'd ever wanted to know.
Let's dive right in.
A Brief Augusta Precious Metals History
Nestled in Beverly Hills, California, Augusta Precious Metals is a gold IRA provider owned and run by the Nuriani family.
Isaac Nuriani is the CEO and has been at the helm since 2012.
For starters, a gold IRA is a self-directed IRA (individual retirement account) that allows people to invest in physical gold and other IRS-approved precious metals.
Gold IRAs are often used to diversify savings and create a hedge against inflation.
According to the Augusta Precious Metals' website, the company thrives on its commitment to customers and dedication to flawless service.
Augusta promises to help you protect your savings through a seamless and personalized process of buying and selling gold, silver bullions, and coins.
Augusta Precious Metals employs seasoned gold and silver specialists with extensive knowledge in the industry. This way, the company can offer its customers a high level of expertise and professionalism.
Augusta's unique selling point gives the company a competitive edge against other gold IRA companies.
Money magazine (Money.com) independently selected Augusta Precious Metals as its number-one choice of gold IRA company for 2022.
A Little Bit About Augusta's Top Management
A company's leadership is crucial to effectively implementing its strategic objectives. Augusta has top of the cream at the helm, notably Isaac Nuriani and Devlyn Steele.
Isaac Nuriani holds a bachelor's degree from the University of Nairobi. He's also an Ethics.net and Industry Council for Tangible Assets (ICTA) member.
Nuriani brings in over 20 years of hands-on experience helping retirees diversify their investment in precious metals.
Devlyn Steele serves as Augusta's director of education. He's a member of the Harvard analytics program.
Steele has over 30 years of experience as a financial analyst, sitting on the board of several Silicon Valley and tech companies.
Steele is responsible for creating personalized webinars Augusta agents present for their customers. He's one of the first people you'll talk to once you choose Augusta as your precious metals IRA company.
Reputable Augusta Precious Metals Customers
Any gold company worth your attention ought to have one high-profile client, if for nothing, to build your trust.
Want to know who's made Augusta Precious Metals his gold company of choice? Joe Montana. Yes, the legendary former American football quarterback.
Montana's relationship with Augusta started a few years back when he was scouting for a reputable precious metals IRA company.
Joe Montana landed on Augusta Precious Metals with the help of financial experts.
He hopped on the one-on-one conference with Steele and was onboarded.
Joe Montana was impressed with Steele's presentation and hopped in.
Now, Joe Montana is Augusta's celebrity advocate!
If Joe can trust Augusta to diversify his savings and hedge against economic stressors, then you have reason to doubt the company's reputation.
Augusta Precious Metals Products and Services
Moving on with the Augusta Precious Metals review, let's now look at the company's products.
But, before then, it's vital to mention a few things.
Augusta Precious Metals primarily focuses on 401(k) and gold IRA rollovers.
This means that Augusta Metals isn't the company for you if you're a collector in pursuit of proof coins to add to your collection.
The company's products are almost exclusively designed for people who want to invest in gold and silver to hedge against inflation.
Even though the company can arrange for other physical precious metals, this Augusta Precious Metals review will stick to its gold and IRA services.
So, What's a Gold or Silver IRA?
While I talked about gold and silver IRAs in my best gold IRA companies post, let me bring you up to speed real quick — that way, you can stay in the loop as we dive deep with this Augusta Precious Metals review.
A gold or silver IRA is a self-directed IRA that allows you to buy precious physical metals that meet IRS requirements — in this context, physical gold and silver.
Any gains in your gold and silver value are tax-deferred until withdrawal at retirement age, much like a traditional IRA account.
The difference between a traditional IRA and gold and silver IRAs is that the latter allows you to hold IRA-approved gold and silver via a third-party custodian.
How does Augusta Precious Metals fit into all this?
Augusta simplifies opening a gold IRA and helps you purchase gold that meets IRS requirements. The company also ensures that your precious metals are stored in high security, insured Delaware depository.
Augusta Precious Metals guides you through the process of opening your gold IRA account. It also facilitates the funding of the precious metals IRA account from your existing IRA, 401 (k), or another retirement account.
Once you buy your IRA precious metals, Augusta ships them to the Delaware Depository.
With that out of the way, let's go over Augusta's products.
Augusta Precious Metals offers several products and services as outlined below:
Physical Gold and Silver IRA
As the name suggests, a physical gold and silver IRA allows you to buy physical metals to hedge against inflation and safeguard your future net worth.
Like most gold IRA providers, Augusta offers a self-directed IRA.
However, Augusta makes it super easy to fund your gold IRA account and, by extension, purchase gold.
There's no other precious metals company that offers a simple and forthright process to fund gold IRA like the way Augusta does. It only takes three steps to get started, as explained below:
- Open a gold IRA account: simply fill out the provided form as required
- Fund your account: Augusta Precious Metals allows you to fund your gold IRA by rolling over money for your 401 (k) or traditional IRA.
- Buy gold or silver
Indeed, this simplicity makes Augusta one of the best precious metal IRA providers.
Augusta doesn't just let you make gold or silver investments without letting you know what you're signing up for.
Augusta Precious Metals offers a free one-one web educational conference to help you learn about the following:
- The economy and how buying gold or silver coins can help you hedge against inflation
- The various gold and silver coins that you can buy
- How to diversify your precious metals portfolio
Augusta Precious Metals gives you the liberty to choose where you want to save your gold and silver coins.
The company works with several insured depositories across the United States. This way, you can choose the most convenient depository based on your location.
Still, Augusta Precious Metals recommends the Delaware Depository in Wilmington.
Can you visit the depository to see your gold or silver investments?
Of course! Augusta's gold IRAs are self-directed, which means you're in charge.
On top of that, you call the shots regarding buying and selling decisions on your gold IRA.
Another feature that makes Augusta stand out as a gold IRA provider is that the company has a highly-trained team that'll work with you to help you complete 95% of the paperwork.
In addition, the team will walk you through every step at your own pace, ensuring that you're fully aware of what precious metals you're buying and what follows after that.
Even more impressive, the company has stationed its various departments thoughtfully to keep everything clear, straightforward, and consistent.
Gold and Silver Coins Purchases
Augusta Precious Metals leverages its wealth of industry knowledge to help you buy IRS-approved gold and silver coins.
Some of the premium coins you can buy through Augusta include:
- Gold or Silver Canadian Maple Leafs
- Silver or gold American Eagle proof coins
- Canadian Silver Eagles with Nest
- Silver or gold American Eagle
- Gold American Buffalos
- Canadian Silver soaring eagles
- Australian Striped Marlins
These aren't the only premium coins you can buy, though.
You can always work with your gold IRA account rep to review other metal options.
Gold and Silver Bullion
Augusta Precious Metals offers physical gold and silver bullion.
And there are several options available, including premium gold and multiple gold coins.
In fact, Augusta is one of the few precious metal companies with a vast range of gold and silver investments if you want to go the bullion way or purchase premium gold.
Some gold and silver bullion coins include:
- Old American Eagle (.25 oz - Random Year)
- Gold Bar, 1 oz.
- Gold Bar, 10 oz.
- Austrian 1 oz. Gold Coin (Random)
- Gold American Eagle (1 oz. Coin - Random Year)
Again, this list isn't exhaustive — Augusta offers many more gold and silver bullion options.
Premium Gold and Silver
Augusta has a wide collection of premium coins and premium gold.
Premium gold and silver coins are some of the most sought-after metals for people who want to diversify or expand their precious metals portfolio.
You can always discuss your options with Augusta's IRA gold advisor to see what's the best fit for you.
Some premium coins worth checking out include:
- 2017 Canadian Mint Gold Eagle
- 2016 .25oz Gold Standard
- 2016 Great Britain 1/4oz Gold Year of the Monkey
- 2015 Canadian Gold Polar Bear and Cub
- American Gold Buffalo Proof
- Certified American Eagle
- Canadian Silver Maple Leaf
Those are the main Augusta products and services.
However, this Augusta Precious Metals review wouldn't be complete without mentioning a vital feature that you won't find with most precious metals IRA companies.
Lifetime Customer Support
Augusta Precious Metals promises to be readily available whenever you need them or want your questions answered.
How does the company do this? By ensuring providing multiple platforms where you can contact Augusta Precious Metals team of professionals, including:
- Access to a customer success agent to reply to your queries or refer you to other Augusta departments if necessary.
- Access to the economic analytics department to watch precious metal prices and update you via a one-on-one web conference.
- Access to IRA's processing department to take care of ongoing paperwork and communicate with your gold IRA custodians on your behalf.
- Access to Augusta's order desk assistance if you want to add more precious metals to your gold IRA investments.
Augusta Precious Metals Minimums and Fees
Augusta's has set its minimum investment at $50,000 for a precious metals IRA or a non-IRA.
The fees are as follows:
- Setup Fees — $50 (Covered by Augusta)*
- Annual Custodian Fees — $80 (Covered by Augusta)*
- Annual Storage Fees — $100 (Covered by Augusta)*
- Shipping Costs — No cost for customers (Covered by Augusta)*
- Markup — 5% (on bullion products)
*It is important to note that Augusta covers custodial and storage fees for up to ten years, depending on your account.
Further, Augusta is one of the few precious metals IRAs that offer to cover storage and custodial fees for the first few years.
It is the only precious metals IRA company that extends the period to 10 years, though.
Learn how to get zero fees for 10 ten years with Augusta.
Coins and Bullion Cost
How much you pay for coins and bullion bought through Augusta Precious Metals depends on current actual gold and silver spot prices.
Still, Augusta has a price-match guarantee, so you can be sure that the company negotiates for the best possible price.
Augusta Precious Metals places a 5% markup over the cost of your bullion coins.
On the flip side, the company won't charge you transit or shipping fees, giving you another reason to be an Augusta Precious Metals customer.
Augusta's Recommended IRA Custodian
While there are many precious metals IRA custodians, Equity Trust is the recommended Augusta Precious Metals custodian — understandably so.
Equity Trust is approved by the IRS and boasts over four decades of serving customers diligently.
Still, it is essential to mention that the custodian will charge you $50 as a setup fee and an $80 annual custodial fee.
Augusta Precious Metals Storage Options
Some gold companies like to spread the falsehood that the IRS can allow you to store your retirement investments.
Inversely, the precious metals in your IRA must be held in an IRS-approved facility.
As stated earlier, Augusta recommends the depository in Delaware.
The depository is highly secure and insured by Lloyds of London for up to 1$ billion.
However, like most precious metal IRAs, Augusta allows you to choose other depositories if the one in Delaware isn't convenient for you.
Other Augusta Precious Metal facilities include:
- Mississauga, Ontario, Canada
- Bridgewater, Massachusetts
- Springfield Gardens, New York
- South Fargo, North Dakota
- New Castle, Delaware
- Las Vegas, Nevada
- Jackson, Ohio
- Salt Lake City, Utah
- Nampa, Idaho
- Los Angeles, California
If none of the depositories is convenient enough for you, Augusta can ship your precious metals straight to your mailbox or the preferred location.
Remember, it isn't advisable to store your gold coins or precious metal at home.
So I'd recommend that you consider storing your metals in one of the depositories mentioned above, even if you bought an IRA outside.
Side Note - Augusta offers 100% free and insured shipping. What's more, the company has never lost goods in transit. Besides, Augusta Precious Metals promises to refund you if your precious metals are a lot while in transit.
Selling Your Precious Metals IRA Investments
You may want to sell your IRA investments. What happens?
Augusta Precious Metals has a precious metals buyback program designed to help you withdraw your Required Minimum Distribution (RDM) or liquidate your IRA.
This means that you can be 100% sure that you'll always find a buyer for precious metals IRA investment.
While you're at liberty to source for a buyer yourself, Augusta can get you the best gold and silver prices, taking away the hustle of selling your precious metals.
Augusta's Reputation in the Market
The best precious metals IRAs boast are synonymous with reliability, excellent products, high ratings, and positive feedback from satisfied customers.
Numbers don't lie — Augusta is one most sought-after precious metals IRA providers on the market.
All you have to do is look at independent Augusta Precious Metals reviews.
Consider the statistics below:
- The Better Business Bureau (BBB) rates Augusta at A+. The Better Business Bureau is the # 1 resource if you want to find out more about a company's reputation.
- Augusta Precious Metals has a Google Reviews Average rating of 4.8/5 stars based on over 152 customer reviews
- The Business Consumer Alliance (BCA) rates Augusta at AAA
- Augusta boasts an impressive 5-star averaging rating on TrustLink, amassing over 300 customer ratings
Augusta Precious Metals' Pros and Cons
Here's a rundown of Augusta's pros and cons
Who is Augusta Best for?
I can recommend Augusta Precious Metals if:
- You're an investor looking for a reliable gold or silver IRA company
- You want to diversify your retirement egg nest through precious metals like gold
- You can afford the $50,000 Augusta Precious Metals minimum
- You want to hedge your retirement funds against economic calamities like inflation
- You're in search of alternative gold IRAs
- You're looking for a precious metal company that walks you through the process of opening an IRA account while offering investment advice at the same time.
Inversely, is not the company for you if:
- You can't afford the $50,000 required minimum
- You haven't done enough research on gold IRAs before deciding this is the way to go
- Inflation doesn't bother you
- You're a risk-taker looking for a relatively unstable way to invest
As I come to the near end of this Augusta Precious Metals review, it's crucial that I tell you how to get started, so here we go:
How to Get Started With Augusta Precious Metals
Getting started with Augusta is simple and straightforward. Here's the process:
Once you get in touch with Augusta Precious Metals, a customer success agent will usher you in.
The agent will answer your questions and your contact person from then onwards. An agent's primary assignment is to ensure everything you need to know about Augusta.
Meet the Economic Analytics Team
The success agent will then introduce you to the company's economic analytics team.
The team will hop on a call or one-on-one web conference to bring you up to speed on the current gold and silver prices.
Meet the IRA Processing Team
At this point, you've chosen Augusta Precious Metals as your gold company. The IRA processing team will step in and take through the process of filling rollover, custodian, and transfer forms. In addition, the team will keep you in the loop with the progress.
Purchase Pre-selected Precious Metals
The IRA team will introduce you to the order desk after everything is in order and the new custodian has received the funds.
Here you can buy the pre-selected precious metal products, and Augusta Precious Metals will ship them to your chosen depository.
Why You Should Choose Augusta Precious Metals
Augusta isn't like other gold companies in the market.
The company has a well-thought-out way of conducting business. While other gold companies are quick to sell you precious metals, Augusta stays by your side from the time you sign up.
Augusta Precious Metals' dedicated team provides the info you need to make the right buying decision. They also monitor any additional purchases and buybacks and are readily available for your question.
I've screened several gold companies, and I'm yet to find one dedicated to educating and supporting its customers like Augusta.
The company is super-efficient and customer-centric. Further, opening an IRA account is remarkably swift, saving you time and money.
Augusta Precious Metals Frequently Asked Questions (FAQs)
Below is a rundown of some common questions people ask about Augusta.
Is Augusta Precious Metals Legit?
Augusta is 100% legit.
First of all, Augusta Precious Metals runs a fully-fledged website where anyone can learn about the company's precious metal products.
On top of that, this is a company vouched by Joe Montana. In fact, Montana is the company's celebrity spokesman.
Montana is a Hall of Famer and a reputable man. There's no way he would agree to be associated with Augusta if the company didn't keep its end of the bargain.
What's more, Augusta Precious Metals has attracted rave reviews from happy customers. These reviews are unsolicited and 100% genuine.
If Augusta wasn't what it claims to be, word would be going around that the company is a scam.
Did I mention that Augusta Precious Metals has recorded zero complaints since its inception?
What is the best metal to buy right now?
Many factors determine the best precious metal to buy right now.
First off, you'll need to determine why you're buying the precious metal in the first place to decide which the best option for you is.
Are you buying to minimize risk or diversify your portfolio? Are you buying for the short term? How much money do you have? After all, you can only buy precious metals per your purchasing power.
That said, some of the best precious metals you can buy right now include:
You can also consider bullion investments like gold bars, silver coins, and rounds.
Which metal holds value the best?
Abundance is the primary factor that determines metals' value. The more abundant the metals are, the more valuable they are.
In fact, precious metals are deemed more valuable because of their scarcity.
When it comes down to specifics, though, the chemical composition determines value. Some of the most valuable metals include gold, silver, platinum, palladium, osmium, ruthenium, rhodium, and iridium.
Of these metals, platinum is the most abundant, with an abundance rating of .003 part billion (ppb).
That said, here's a rundown of precious in order of value:
Which is the safest metal to invest in?
The safest known precious metals are gold and silver — and for some good reasons.
Gold, for instance, is a vital material for making jewelry. On top of that, investors worldwide use it to store wealth. In fact, some quarters believe god is superior to any paper currency.
On the other hand, silver is used to store wealth and make jewelry. Further, it is also used in industrial applications, making it one of investors and manufacturers' most sought-after precious metals.
Even though both metals are the most impacted by global economic and political changes, most investors still consider them the safest precious metals to invest in.
Keep in mind that one of the reasons you may want to operate a gold or silver IRA is to hedge your investment against economic stressors like inflation.
Is it worth buying precious metals?
Investing in precious metals is worth it.
You see, precious metals offer one-of-a-kind inflationary protection. More specifically, these metals boast an intrinsic value, have zero credit risk, and aren't prone to inflation, so you can't "print" more of them, unlike money.
What's more, precious metals provide an authentic "upheaval insurance" against political or economic turmoil.
In addition, precious metals offer a low or negative correlation to assets like bonds and stocks. This implies that having a small percentage of precious metals in your portfolio can reduce your investment's volatility and risk.
So, should you invest in precious metals?
Yes, you should. Opening a gold IRA account is one of the best ways to diversify your investment and safeguard your retirement.
How much precious metals should I own?
Indeed, buying precious metals is a smart investment decision.
As stated, precious metals like gold provide diversification benefits during inflation or market stress. The metals are also appealing to people who can't handle the volatility of investing in areas like the stock market.
Most investment experts recommend holding 10 to 20% of your investment portfolio in gold.
Still, you invest more depending on your situation and ability to tolerate risk. The best way to go about it is to know why you're investing in precious metals and your financial objectives.
Augusta Precious Metals Review — The Bottom Line
Sure, many precious metals companies are plying their trade in the United States, but Augusta stands out.
The company boasts over a decade in the industry, bringing hands-on experience for anyone looking to diversify through gold IRAs.
Even more enticing, Augusta hasn't recorded any complaints on TrustLink, BCA, or BBA.
It is not often that you hear of a business or company that is almost as efficient and flawless as Augusta.
Augusta understands the need to educate its customers before letting them open an IRA account or purchase gold.
Again, it's not every day that you find a company dedicated to letting you know about their products before spending your money.
Augusta Precious Metals is the epitome of business transparency.
Augusta is the best IRA company I've seen so far because of its brilliance, openness, and dedication to customer service.
I highly recommend Augusta. You just can't go wrong with this company.
You can quickly get started by checking out the Knowledge Center on the company's official website.
You can also get in touch via phone or hop on a quick webchat with a customer support agent on the company's website.