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Over the years, people have been trying to find alternative investment opportunities they can venture in to diversify their portfolios. The rising inflation rates are also one of the motivators for investors to look for investment opportunities immune to the depreciating value of the dollar; this way, they can protect their retirement savings.
For this reason, we are seeing an increase in people investing in precious metals- IRAs. Precious metals have been used as a mark of wealth since time immemorial and are immune to inflation – making them the best way to store your wealth. However, you need the right investment company to help you secure and keep your precious metals.
Augusta Precious Metals is a leading precious metals investment company specializing in gold and silver IRA’s.
This Augusta Precious Metals review will look at some of the merits and demerits of Augusta Precious Metals and what makes them stand out as a top precious metal investment firm.
- 1 Augusta Precious Metals Background and Overview
- 2 What to Expect from this Augusta Precious Metals Review
- 3 IRA Processing
- 4 Understanding a Gold and Silver IRA
- 5 Gold IRA Custodian
- 6 Gold IRA Vault Storage
- 7 Augusta Precious Metals Company Leadership
- 8 Augusta Precious Metal Pros and Cons
- 9 Is Augusta the Best Choice For Your Gold And Silver Backed IRA?
- 10 Final Augusta Precious Metals Review Conclusion
Augusta Precious Metals Background and Overview
Augusta Precious Metals is a family-owned precious metals dealer with more than a decade of experience in the trade. The firm has built a reputation for offering quality service as a trusted partner to help you build wealth and secure your retirement using precious metals-IRAs. Aside from gold and silver, Augusta gives clients a wide range of products to help them diversify their portfolios and hedge against inflation.
Customers are required to save a minimum of $50k in their retirement accounts or 401k before they can qualify to set up an account with Augusta Precious Metals. Precious metals-IRAs work differently compared to conventional IRAs, providing an opportunity for firms such as Augusta to provide services and simplify the onboarding process for investing in precious metals. To invest in a Gold-IRAs, you need:
• Gold company to purchase the metals
• Self-directed IRA custodian to determine if your IRA or 401k allows precious metals
• Storage company to hold your retirement investment or gold bullion
Augusta Precious Metals have built its practice by helping investors open self-directed precious metals IRAs and purchase precious metals on their behalf using their retirement accounts.
What to Expect from this Augusta Precious Metals Review
Meet your Agent
The firm provides investors with a personal agent to help them throughout the entire process. The agent acts as a personal assistant, offering guidance and relevant information regarding gold, silver, and precious metals-IRAs.
Before investing your hard-earned retirement funds, you need to know what you are getting into and the prevailing market conditions. At Augusta, you have access to a team of professionals to help analyze the market and provide relevant economic info to help you make informed decisions.
You need an IRA custodian to help determine if your retirement account or 401k are eligible for precious metals. If not, Augusta provides an agent to help you handle 95% of the paperwork needed to secure a precious metal- IRAS.
Finding the right buyer and seller can be difficult, especially if you don’t have background knowledge of precious metals. However, Augusta boasts a team of professionals who help build your gold and silver portfolio. The experienced team is able to assess the best metals to buy based on your investment goals.
At Augusta, all you need is an official phone confirmation to complete your order. The firm handles the entire process, from sourcing the precious metals to paying and storing them.
Augusta Precious Metals IRA Products and Services
There are several companies offering products and services similar to Augusta. However, these firms do business with almost anyone, selling all types of precious metals, including gold jewelry and collectible coins. On the other hand, Augusta specialized in 401k to precious metals IRAs. This may not be your best bet if you are looking for collectible proof coins.
As mentioned earlier, investors are required to have at least $50,000 to set up an account. Most people who open accounts with Augusta Precious Metals are interested in converting their retirement savings into gold and silver. This means the coins they offer should meet IRS requirements to attain eligibility for an IRA. Before looking at the products and services, we need to understand a Gold-IRA.
Understanding a Gold and Silver IRA
A gold IRA is not your typical retirement account; these accounts enable you to purchase IRS-approved precious metals. In the case of Augusta, clients are mainly restricted to gold and silver. Working with a reputable firm such as Augusta Precious Metals simplifies the entire process while giving you security by offering storage for your precious metals. The firm works with a highly secure and insured depository firm to ensure the safety of your investment.
Augusta boasts a team of professionals to help you set up an account and fund your precious metals IRAs. The best part is that you don’t have to do anything; the firm will source IRS-approved products from reliable sellers in your stead. IRS-approved precious metals include platinum, gold, silver, palladium bars, and collectible coins; however, Augusta has specialized in gold and silver.
Physical Gold and Silver IRA
Investing in the stock market or fixed deposit accounts is a good way of protecting your future interests when you retire. However, the stock market is volatile and is influenced by unpredictable market forces. Despite high returns, investing in stocks can leave you bankrupt, especially if there is a market crash. On the other hand, investing in gold and silver IRA can safeguard your retirement.
As mentioned before, precious metals are immune to market forces and are unaffected by inflation. If anything, their value will continue rising even if currencies depreciate. Augusta gives its clients a self-directed IRA, which is one of the components required town a precious metal IRA. Unlike most precious metal companies, Augusta Precious Metals has made it easy for your to own a gold-IRA in three steps. These include:
• Creating a new gold-IRA using Augusta Precious Metals’ self-directed IRA custodian
• Fund your precious metals-IRA with money from your existing retirement account or 401k
• Buy gold or silver from Augusta’s order desk
One of the greatest selling points for Augusta is its ability to simplify the entire process of setting up a precious metal-IRA and purchasing gold and silver. A high customer satisfaction rate can be credited for the company’s ranking as one of the best gold-IRA providers in the United States.
Gold and Silver Coins
As stated before, Augusta specializes in gold and silver. However, you can buy gold and silver coins through its order desk. Some of the coins you can purchase include:
• Gold or Silver American Eagle Proofs
• Canadian Silver Soaring Eagles
• Gold or Silver American Eagles
• Gold American Buffalos
• Australian Striped Marlins
• Gold or Silver Canadian Maple Leafs
• Canadian Silver Eagles with Nest
Gold and Silver Bullion
One of the major advantages of working with Augusta Precious Metals is that you can buy physical gold and silver at an affordable price to secure your wealth. Augusta prides itself on multiple options, from premium gold and silver to bullions. With a wide selection of gold and silver bars and coins to choose from, Augusta has become one of the best places to buy physical precious metals. Some of the popular purchases include:
• Gold Bar, 1-ounce
• Gold American Eagle, 25-ounces-Random Year
• Gold Bar, 10-ounces
• Gold American Eagle, 1-ounce coin- Random Year
• Austrian 1-ounce Gold Coin, Random
Despite having multiple options to choose from, it’s best to consult your IRA gold advisor on the best choice based on your financial position and investment goals.
Premium Gold and Silver
Our Augusta Precious Metals Review team has found this is the place to be for anything gold and silver-related. The firm offers investors access to premium gold bars and coins. For some people, buying physical gold and silver to get the feel of owning these precious metals is their motivating factor. When purchasing precious metals, your advisor will mention premium gold and silver bars and coins you can buy.
Investors at Augusta have a ton of options to choose from when it comes to premium precious metals. Some of these include:
• 2017 Royal Canadian Mint.25oz Gold Eagle
• 2014 Canadian .25oz gold $10 Arctic Fox
• American Gold Buffalo Proof
• 2016 Great Britain 1/4oz Gold Year of the Monkey
• Certified American Eagle
Augusta Precious Metals Fees and Pricing
As mentioned above, Augusta offers customers a wide range of products and services. Below is an overview of their fees:
• Minimum purchase requirements – $50k
• Setup Fees – $50, covered by Augusta
• Annual Custodian Fees – $80, covered by Augusta
• Annual Storage Fees – $100 covered by Augusta
• Shipping Cost – No charges for customers
• Markup – 5% on bullion products
The best part about working with firms such as Augusta is that the firm has carried out in-depth research on the best precious metals IRA custodians and storage depositories. Since the company makes high volume sales on precious metals, they are well placed to negotiate lower fees compared to if you personally approach a storage facility or custodian.
Gold IRA Custodian
Augusta encourages their clients to work with Equity Trust as their gold-IRA custodian. The firm has more than four decades of experience providing excellent customer service. The Equity Trust charges a $50 account setup fee and a yearly custodial fee of $80, which is catered for by Augusta.
Is Augusta Secure and Safe?
One of the main challenges of investing in precious metals is finding a secure and safe company to help you through the process. Several people have fallen victim to scams related to precious metals, discouraging them from investing. However, companies such as Augusta exist to provide quality services and help you buy and store physical gold and silver. Aside from legitimacy, another concern for customers is the security of their investment. Clients need to know that their gold and silver are safe.
Augusta offers several storage centers spread across the country to ensure safe storage. The firm also works closely with top-rated depository companies in the US, such as Delaware Depository. Your IRA advisor will advise you on the best storage facility to use based on your location and convenience.
Gold IRA Vault Storage
Unlike what some gold companies are saying, it is difficult to physically hold your retirement investment in the form of gold and silver. You are required by law to seek the services of an approved storage company to hold the gold and silver in your self-directed IRA. There are several depository locations to choose from. Currently depositories can be found across the USA, with locations in Los Angeles, Salt Lake City, Delaware, Dallas, Vegas and others. Be sure to ask your agent about the current locations when speaking with them.
Delaware Depository is recommended by APM and is a privately owned, highly secure depository company offering storage for your gold-IRA. Augusta has minimal storage fees for holding your precious metals investments. Augusta Precious Metals is one of the few companies that has minimal annual storage fees, providing support throughout the duration of your account.
Augusta Precious Metals Company Leadership
Augusta Precious Metals is made up of professionals with years of experience in the gold and silver markets. Below are some of the top company executives responsible for the company’s success.
Isaac Nuriani is the force behind Augusta Precious Metals. The University of Los Angeles graduate and CEO of Augusta founded the company in 2012. He holds a degree in Economics and is currently a member of Ethics.net and the Industry Council for Tangible Assets, Ethics. Isaac has more than twenty years of experience in the financial sector helping retirees diversify their investment portfolios through precious metals.
Nuriani started the company with a personal mission to help American seniors with financial needs by empowering them through knowledge of potential retirement concerns. His dream was to help retirees diversify their savings through precious metals products and education.
Devlyn Steele has a rich background in analytics in a variety of industries. He sits on the board of several Silicon Valley and technology firms. He is currently the director of Education at Augusta, leveraging his experience to lead an education team dedicated to teaching conservative Americans about diversifying their portfolios through alternative assets.
Devlyn is credited for accurately predicting the 2008 financial crisis that saw an increase in the value of gold and silver. At Augustus, Devlyn provides insights into economic trends to help investors diversify their investment to potentially offset financial concerns. He is a graduate of the Harvard School of Business analytics program.
Howard is the CFO of Augusta Precious Metals and boasts more than two decades of experience in capital markets and banking. Howard joined the team at Augusta in 2018, immediately falling in love with the company’s mission to educate the masses on diversifying their wealth. As the CFO, Mr. Smith plays an important role when it comes to educating investors on risk management.
Having worked with major banks and federal and state governments, Howard is well placed to help Augusta achieve its financial goals while translating into customers understanding the overcoming risks associated with their retirement. Smith is a graduate of the University of Toronto with honors in economics and finance. He is also a certified CPA.
Endorsement by hall of fame quarterback Joe Montana, who asked his personal financial team to find the best gold company in the nation and they chose Augusta for him. He attended a web conference and became a customer. He loved the mission so much, he became Augusta’s paid corporate ambassador. One of the main marketing strategies employed today is getting an endorsement from industry thought leaders and celebrities. Some companies approach various personalities for endorsement; however, this is different for Augusta as their celebrity spokesperson, Joe Montana, made the first move. The Augusta Precious Metals Review team believes Joe is an incredible ambassador for the company and someone who is loved dearly and trusted by many. Not to mention, he wasn’t a bad Quarterback. 🙂
Augusta Precious Metal Pros and Cons
- Stellar reputation- several five-star reviews. AAA rating with Business Consumer Alliance, and A+ with Better Business Bureau.
- 1000s of top ratings and 100s of reviews with the BBB, BCA, TrustLink and other consumer watchdog websites.
- Endorsement by hall of fame quarterback Joe Montana
- Harvard-trained economist on-staff offering complimentary, personalized training online
- No high-pressure tactics (verified by hundreds of customer reviews that mention this). Augusta even shares bad reasons to buy gold
- IRA Gold Advisor has named them a company offer Gold IRA’s as most trusted. 5 plus consecutive years of Trustlink Best status.
- Account lifetime support far beyond the first transaction
- A decade’s worth of expenses given back in their silver coins to your IRA
- Specialization in gold and silver IRAs; company tagline is focused on gold IRAs
- Considers itself the “protector” of the gold IRA industry. Website materials warn the public what some gold companies do to get business. See articles titled “15 Reasons NOT to Buy Gold” and “9 Big Lies of Gold Companies.”
- Offers gold and silver options that are most common with customers
- Free transit insurance and shipping for qualified orders
- Admits gold and silver are not for everyone and performance cannot be guaranteed
- Minimum investment floor of 50k as noted above by the Augusta Precious Metals Review
- Only offers gold and silver. No platinum or Palladium.
Is Augusta the Best Choice For Your Gold And Silver Backed IRA?
There are several precious metal IRA companies in America with various offers. With numerous options, it can be difficult to choose which company to work with. However, Augusta is one of the top rated gold IRA companies for several reasons covered in the above article.
Final Augusta Precious Metals Review Conclusion
• Augusta has more than a decade-long experience in the market and is likely to be around for a long time
• It has exceptional ratings from top consumer rating sites like BBB, TrustLink, and BCA.
• Generous gold buy-back program
If you are looking to invest your retirement savings, 401k, or diversify your portfolio using gold and silver, then you should consider Augusta Precious Metals. The best part is that you get a personalized experience through their webinars. Here you will get a one-on-one walk around on how to set up a self-directed IRA and purchase precious metals. Contact the Augusta Precious Metals Review team with any questions you have about this review.