Augusta Precious Metals Gold IRA Review

by | Aug 25, 2020

If you’re looking to invest in precious metals to secure your future, it’s best to partner with a reputable company like Augusta Precious Metals.

Augusta Precious Metals is a full-service family-owned provider of gold and silver IRAs. Dedicated to helping investors achieve better savings and investments, the firm boasts more than five decades of experience in the precious metals industry.

The service-oriented company works directly with investors to build wealth and ensure a comfortable retirement with silver or gold IRAs. Augusta Precious Metals demonstrates its expertise and diligence as a gold IRA firm by participating in financial industry associations. Augusta Precious Metals has a Business Consumer Alliance AAA rating and a Better Business Bureau A+ rating.

The company also boasts a 5.0-star rating on TrustLink. Many investors recommend the company on social platforms like Facebook as well. In this Augusta Precious Metals review, we explore what the company has to offer, so you can decide if it suits your investment needs.

Augusta Precious Metals Gold History and Background

Isaac Nuriani, the company’s CEO, started Augusta Precious Metals in 2012. Its corporate office is in Beverly Hills, California.

Augusta Precious Metals takes a customer-oriented approach to service delivery and focuses on helping American investors protect their assets. The main goal of Augusta Precious Metals is to make their clients’ lives easier.

It seeks to achieve this goal by delivering a purchasing process that is personalized, easy, and affordable regardless of your reasons for investing in precious metals. The company will handle all the paperwork on your behalf.

Nuriani started Augusta Precious Metals to offer retirement savers a solution to safeguard their savings through the purchase of precious metals. While similar companies already existed, Nuriani’s passion for integrity was the missing link in the industry.

Augusta Precious Metals Products & Services Offerings

Augusta Precious Metals specializes in providing a wide selection of silver and gold IRA-approved bullion bars and coins.

If you’re looking to invest in palladium and platinum, this company won’t work for you as they don’t deal with these metals. If you’re a coin collector, you could benefit from Augusta Precious Metals’ wide variety of premium collectible silver and gold coins.

Many of these collectible coins are certified by the independent grading companies Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC). Several attributes set Augusta apart from its competitors when it comes to product and service offerings:

  • The company offers competitive prices on its precious metals
  • It waives the first-year fees on gold and silver IRAs
  • Clients enjoy insured shipping at no extra cost

These perks enable the company to offer excellent customer service to both first-time investors and established clients. Augusta also has a great buyback program. It allows you to sell back any precious metals that you purchased from them at competitive prices.

The company educates its clients to ensure they make informed investment decisions. Its website has a wealth of information about investing in gold and silver, including the benefits of opening a gold-backed IRA. You’ll find comprehensive information about services, the purchasing process, storage facilities, and legal considerations on the FAQ page.

Augusta Precious Metals Gold IRA

Augusta Precious Metals has dedicated departments with knowledgeable and experienced professionals who streamline setting up gold and silver IRAs. The company assigns a dedicated agent to each client.

The company also employs an economic analytics team and IRA processing team. The order desk is another integral component of the company. These teams work directly with clients, leading to cost-efficiency that benefits both the company and clients.

Opening silver and gold IRAs with Augusta Precious Metals is a simple process, involving the following steps:

  • Open an IRA account — Just fill out the required form to open an account.
  • Funding the account — You can fund your Augusta IRA account by rolling over funds from your existing IRA, 401(k), or another retirement account.
  • Purchasing silver or gold — Once you buy your IRA precious metals, Augusta ships them to Delaware Depository or another secure storage facility in one of the U.S. cities.

Augusta Precious Metals Pricing Info

You’ll pay $50 to open a precious metals IRA account. Additionally, you will pay the following annual fees:

  • $75 annual administration fee for accounts up to $100,000
  • $125 annual administration fee for accounts over $100,000
  • $125 annual custodian fee
  • Depository storage fees are extra. Please ask an Augusta Precious Metals representative for a current fee schedule.

Qualified investors can have their fees paid for a lifetime. The company offers free shipping and transit insurance for qualifying orders. You’ll need to invest at least $5,000 to start trading gold and silver at Augusta Precious Metals. There is no maximum investment.

The price of bullion and coins depends on the current silver and gold spot prices and the premium coins market rates. Augusta Precious Metals is straightforward about its markup and fees and has a price-match guarantee. This kind of transparency is essential when comparing rates with other companies.

Augusta Precious Metals Storage Options

Augusta Precious Metals partners with International Depository Services Group (IDS) and Brinks Global Services to meet its precious metal storage needs. It keeps clients’ assets in seven secure, independent storage facilities spread across the U.S. and Canada.

After finalizing your purchase, your assets will arrive at your preferred facility in seven to 10 days. While your assets will be in safe custody, they’ll be easily accessible. Augusta Precious Metals storage facilities are in the following cities:

  • Salt Lake City, Utah
  • Los Angeles, California
  • Nampa, Idaho
  • Mississauga, Ontario, Canada
  • Springfield Gardens, New York
  • Bridgewater, Massachusetts
  • Wilmington, Delaware
  • New Castle, Delaware
  • Jackson, Ohio
  • Las Vegas, Nevada
  • South Fargo, North Dakota

For precious metals purchased outside an IRA, Augusta can ship them directly to your mailbox or any other preferred location in the country. However, the company advises its clients against storing precious metals at home.

It offers free 100% insured shipping. It has never had a case of lost goods in transit. If your precious metals get lost during shipping, Augusta will refund the full buying price.

Augusta Precious Metals FAQs

Here are some of the questions that most investors ask before opening an IRA account with Augusta Precious Metals:

Does Augusta Precious Metals have transparent pricing, delivery, and refund policies?

The transaction agreement of Augusta Precious Metals includes well-defined prices, policies, and disclosures.

How long does it take for Augusta Precious Metals to deliver my assets after purchase?

The company ships precious metals within seven to 10 business days once the order is confirmed.

What types of silver and gold does the company offer?

Augusta Precious Metals offers silver and gold in forms ranging from bullion bars and coins to premium collectible coins.

How will Augusta Precious Metals store my silver and gold?

Augusta Precious Metals recommends and works with storage facilities that are high-security, non-government, and fully insured depositories.

How long does the precious metals’ IRA purchasing process take?

Purchasing silver or gold for your IRA takes five to 10 days to complete, depending on the funds’ transfer efficiency.

What is the importance of investing in physical gold and silver?

Investing in silver and gold is a different asset class from the ones typically found in retirement portfolios. The value of these precious metals often remains stable or increases when conventional financial markets are declining. Many retirement savers have taken a special interest in silver as they seek to safeguard their portfolios through effective diversification.

Can I monitor the performance of my gold IRA?

You can check the performance of your IRA online whenever you want. The company will also send you quarterly account statements to review your IRA investment performance.

Is it possible to make withdrawals from a precious metals IRA?

The company allows you to make a full or partial withdrawal from your IRA account whenever you want. You can choose to take the actual gold or silver from the depository, or the company can send you money based on the value of the metals.

Like other IRAs, early withdrawals from gold IRAs are subject to taxes and penalties. You can avoid these penalties and taxes by taking the required minimum distributions (RMDs) when you attain age 70½. You can use the RMD Calculator on Augusta’s website to find out how much you can withdraw.

Do I need to pay any management fees for my Augusta Precious Metals IRA account?

You’ll be managing your gold IRA since it is self-directed. That means you won’t pay any fees for the management of your account. Nonetheless, you may need to pay custodial and storage fees related to precious metal IRAs.

Final Thoughts

For people looking to diversify their retirement portfolio with a gold or silver IRA, Augusta Precious Metals is a reliable partner. The company takes care of everything an investor needs regarding precious metals investments, from paperwork and purchases to insured delivery and storage in depositories.

The company also has an excellent buyback program and offers a waiver of the first year’s IRA fees. If you’re interested in opening a gold or silver IRA, don’t hesitate to contact us!

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