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Welcome to my Augusta Precious Metals Review, in which I will be highlighting some of the key details about it, in a bid to help you decide whether you can turn to it for the services that it offers, are the services of this company legit? This might be interesting to you, so read on to find out more!
| Name: | Augusta Precious Metals |
| Official Website URL: | https://www.augustapreciousmetals.com/ |
| Overall Rating: |  4.9/5 |
| Minimum IRA Investment: | $50,000 |
| Recommended: | Yes! (Our #1 gold IRA recommendation) |
What is Augusta Precious Metals?
Augusta Precious Metals exists as a family-owned precious metal dealer that also offers gold IRA (Individual Retirement Account) services.
The owners of this business pride themselves on having more than 50-years’ worth of experience, which enables them to serve their clients to the best of their ability. As a service-oriented firm, Augusta Precious Metals presents itself as a trusted partner that anyone looking for ways to build their wealth by purchasing precious metals and placing them in a precious metal IRA can turn to.
The staff at Augusta Precious Metals take it upon themselves to assist investors from all walks to open a self-directed IRA that can hold precious metals, which is something that other regular IRAs do not allow.
The reason that this company exists is to help its customers to diversify their retirement investment portfolios. Diversification is one of the best approaches through which one can manage risk.
By working alongside the customer support staff at Augusta Precious Metals, you can open your tax-advantaged retirement account and place precious metals in it, as you shield your wealth from negative forces of the market such as inflation.
The No-Nonsense Approach
So what separates them from the crowd?
Augusta don’t offer free silver. Some of it’s competitors provide up to $10,000 in free silver!? Sophisticated, high-net-worth buyers see right through that. How can you give 10K worth of free silver without substantially making up for it in the rest of the order, right?
Also, many gold companies focus on fear tactics and emotional manipulation. Augusta don’t resort to those tactics. And they are also the only gold IRA company I know of with ZERO bad BBB or BCA reviews (see further down in the review).
Recommended 1st Step
I would highly recommend that you claim the free investing kit that is offered to you by Augusta and go through it in your own pace to learn & understand more about what they can do for you, simply click the image or buttons below to claim your guide:
(Depending on what you are interested in, you can get a guide that is customized for gold or silver)
How to Open Augusta Precious Metals IRA?
So, how does one open Augusta Precious Metals IRA?
The owners of this company have made the gold IRA (or silver IRA) opening process quite easy. You can, in fact, open yours by following three steps. You do not have to be a professional investor to get started, since the knowledgeable reps at this company are always on standby to assist you at any point that you get stuck.
The representatives are also trained to assist clients to make appropriate IRS-approved precious metal selections for their precious metal IRAs ( e.g. gold coins that are minted by the U.S. Treasury Department, as well as gold and silver bullion).
The three steps you are required to follow during the account opening process are:
Step 1: Open a self-directed IRA (SDIRA)
You can reach out to Augusta Precious Metals’ top-recommended custodians to open your SDIRA. Augusta Precious Metals prefers that its customers rely on Equity Trust, Kingdom Trust, and Goldstar Trust, as their custodians, since they have a good reputation for their integrity, compliance, trust, as well as experience.
Step 2: Fund your account
You can fund the newly-opened SDIRA through a gold IRA rollover, or through making a bank transfer.
Step 3: Purchase IRS-approved gold or silver for your SDIRA
Upon purchasing your precious metals, they are usually stored in a secure and insured depository.
Augusta Precious Metals Products & Services
This company deals with a wide variety of precious metal products. Note that not all the products that this company offers are eligible for use in a gold (or silver) IRA, so you have to request the representatives at Augusta Precious Metals to confirm the eligibility of your selected precious metals.
Some of the common products on this company’s site include:
- IRA-Eligible Coins – Gold American Eagle, American Buffalo, Canadian Maple Leaf, 2017 Royal Canadian Mint ¼ Oz gold Eagle, American Eagle Proofs, etc.
- Gold Bullion E.g. Gold American Eagle, Gold Canadian Maple Leaf, Gold American Buffalo, and Austrian Philharmonic Gold.
- Silver Bullion E.g. American Silver Eagle, Austrian Philharmonic Silver, Canadian Silver Maple Leaf, Canadian Silver Blessings.
- Premium Gold E.g. American Gold Buffalo Proof, Royal Canadian Mint Gold Eagle, Certified American Buffalo, and Canadian Gold White Falcon.
- Premium Silver e.g. Morgan Silver, Peace Dollar, Canadian Silver Gyrfalcon, 1964 JFK half dollar, and John Kennedy Half Dollar.
Does Augusta Precious Metals Offer Gold IRA Storage?
Yes. This company lets you choose from 7 secure non-governmental storage facilities that are located in the USA and Canada, in:
- New Castle, Delaware.
- Salt Lake City, Utah.
- Wilmington, Delaware
- Jackson, Ohio.
- Mississauga Ontario, Canada
- Los Angeles, California.
- Springfield Gardens, New York.
The above-listed facilities are trusted by many, owing to their features, which include:
- They are insured to $1 billion
- There are very strict access controls
- Has class 3 security vaults
- The buildings are all fortified
- They have cutting-edge security systems
- There are strict inventory controls.
- The facilities are compliant with all necessary regulations.
- Facility creditors do not have access to the investments held.
- The facilities are all privately-owned and not associated with Augusta.
If you do not want to hold the precious metals in secure storage facilities, you can have Augusta Precious Metals ship them to your preferred address in the U.S. I would, however, not recommend anyone storing gold or silver products in their homes.
Augusta Precious Metals offers its clients free fully-insured shipping (domestic). It has no history of losing a package in transit, but should they lose your items, then they usually refund your full purchase price.
What Fees and Costs to Expect?
When purchasing your precious metal products, you should be aware that their prices usually fluctuate, hence the need to reach out to Augusta Precious Metals representatives to confirm all prices. With this company, you are required to spend not less than $50,000 as the initial investment for your precious metal IRA. There is no maximum investment cap, however.
If making a purchase outside of a precious metal IRA, then the minimum purchase is $25,000.
Some other costs you can expect to incur include:
- Account set-up costs – $50
- Annual fees – $80 custodial fees and $100 for storage.
- FREE shipping – & insurance
- ZERO managment fees
N.B.: When using your credit card to purchase precious metals that you do not intend to invest through your IRA, that the transactions are limited to $5000 per transaction.
Is Augusta Precious Metals Legit?
Augusta Precious Metals is, of course, a genuine & legit company. It got real owners and a real physical address. A look at the reviews on various consumer trust sites reveals how this company has managed to strike a chord with those who rely on it for wealth-building. Below are some of the consumer trust sites on which this company has impressive ratings:
- Better Business Bureau – A+ rating & ZERO complaints (!)
- Consumer Affairs – (4.9 / 5)
- TrustLink – (4.9 / 5)
- Facebook –
(4.8 / 5) - Google – (4.8 / 5)
- Yelp –
(5 / 5)
As you can see, this company does not take its chances when it comes to impressing its customers. It is without a doubt one that you can turn to if what it is offering meets your expectations.
As a matter of fact it is the company that is both recommended and best rated by the independent 3rd party consumer protection agencies in the whole industry. Maybe the most impressive thing is their ZERO complaints from the BBB (Better Business Bureau)
Pros
- The no-nonsense approach
- The services are streamlined and it is easy to set up an account (start here)
- Transparency & integrity
- FREE shipping & insurance + handling fees
- Impressive ratings on consumer-trust sites
- Endorsed by highly-respected half-of-fame quarterback Joe Montana.
- GREAT, round-the-clock customer support
Cons
- Minimum investment requirement is $50,000
- No platinum and palladium products in their catalog
Final Words and Verdict
Verdict: Legit and recommended!
Overall Rating: (4.9 / 5)
Augusta Precious Metals is one of the very professional companies that I have come across in the gold and silver investment industry. Its very impressive ratings on consumer trust sites suggest that its staff deliver exceptional services and that this company is to be trusted.
One catch, however, can be that this company’s services are best suited for those who can spend over $25,000 to purchase non-IRA gold and silver, or $50,000 for IRA gold and silver. So it is not really suited for the “smaller investor”
For you to invest this type of money in gold and silver, then you must be worth a lot more, since it’s recommended to have not more than 15% of your wealth in precious metal assets alone (As you already might know, the ideal recommended range is 5 to 15%, for the purposes of diversification, right?).
if you got the capital, you might just have found your top contender right here, especially if you are a no-nonsense type of person who plain and simple just want to invest in either a Gold IRA, or a Silver IRA, OR maybe even both of them.
You are a smart person and you know best yourself what road is the right one for you to go, I am also sure that you will continue to do your own research as you have clearly read this far in this review, right?