Thinking about retirement savings can be stressful, and it's something most Americans invest in for a secure future. Many turn to precious metals for portfolio diversification and protection against a potential decline in the value of the US dollar and global economic weakness.
Numerous gold IRA companies in the United States are advertising their products and services to attract new investors. However, in my personal experience, not all these companies are trustworthy or offer the best customer service for a stress-free experience. I found that the key to choosing the right provider of gold or silver IRAs is to research the company, learn about its services, read customer reviews, and actually interact with the business.
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So that’s what I did, and this is a report of my personal experience and findings.
With so many gold or silver IRA companies, it can be time-consuming to research and find the one that fits your needs. Don't worry. We've got you covered. We'll explore Augusta Precious Metals , a gold and silver IRA company in Beverly Hills, California.
In this Augusta Precious Metals review, we'll explore their products, services, pricing policy, customer reviews, and more. By the end of this review, you'll have all the information needed to decide whether Augusta Precious Metals is the right company for a secure future.
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My Research of Augusta Precious Metals
Augusta Precious Metals, an award-winning gold and silver IRA company founded in 2012, is located in Beverly Hills, California. Unlike many gold IRA companies in the country, Augusta Precious Metals focuses on supporting individuals' retirements by simplifying economics and helping them understand diversifying their investment portfolio.
Given the uncertainty of the US economy and the challenges banks face, it's not uncommon for investors and individuals concerned about their retirements to seek alternative assets. Investing in precious metals is a great way to navigate economic uncertainty while ensuring the safety and security of your retirement savings.
Augusta Precious Metals helps individuals open silver and gold IRAs to diversify their investment portfolios. Forbes suggests that individuals should consider investing up to 10% of their savings, depending on their financial situation. To assist individuals in achieving their retirement goals, Augusta Precious Metals focuses on providing educational resources and world-class customer service to its clients.
What Do Clients Think about Augusta Precious Metals?
When searching for a gold IRA company, learning more about their clients' experiences is essential to get an idea of their business. During our Augusta Precious Metals review, we checked reputable review sites to see what clients had to say about the company.
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The Better Business Bureau (BBB) has a complete profile on Augusta Precious Metals, including their rating and customer reviews. There were 120 customer reviews with an average rating of 4.97 out of 5 and zero Augusta Precious Metals complaints. This is a remarkable achievement for a business, especially in the financial sector.
We also checked Consumer Affairs, leading customer reviews and news platform, for any complaints clients may have left about Augusta Precious Metals. There were 131 positive Augusta gold IRA reviews with an average rating of 4.9 out of 5.
Similarly, Augusta Precious Metals has positive reviews on Google, with over 320 reviews from customers with an average rating of 4.9 out of 5. On Facebook, Augusta Precious Metals has more than 120 Augusta gold IRA reviews with an average rating of 4.8 out of 5.
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Additionally, Augusta Precious Metals has positive reviews on Trustlink, a platform that provides trusted customer reviews. On Trustlink, Augusta Precious Metals has received over 280 reviews with an average rating of 4.9 out of 5.
No matter where you check online, you will find excellent reviews from clients who speak highly of Augusta Precious Metals and how their staff provided them with a stress-free experience. Augusta Precious Metals has an A+ BBB rating and a AAA BCA rating, which is also a plus when looking for gold IRA companies for your retirement account.
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Why I Think Augusta Precious Metals Stands Out From It’s Competitors?
Investing in precious metals is a great way to hedge against inflation and diversify your investment portfolio. People often turn to precious metals during economic uncertainty as they are less susceptible to economic fluctuations.
To cater to these needs, there are many precious metals IRA companies in the United States that offer products and services. However, Augusta Precious Metals takes a unique approach to help potential investors open a silver or gold IRA.
Augusta Precious Metals Focuses on Educating Its Customers
When setting up a precious metals IRA, you may have many questions that you want answers to, such as whether to invest in gold or silver, how much of your investment portfolio should be in precious metals, whether to set up a Roth or traditional IRA and many more questions.
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Augusta Precious Metals has a dedicated Director of Education, Devlyn Steele, a Harvard-trained economist. Steele provides customers with educational materials and guides to help them learn more about silver and gold IRAs and investing in precious metals. He also creates videos to provide market insights, educating people about the economic situation and what they should do to minimize risks.
The company has an entire page dedicated to helping potential customers avoid silver and gold IRA scams. The website has a wealth of information for you to absorb and learn more about precious metals investing. This shows that Augusta Precious Metals genuinely cares about educating individuals and helping them achieve their retirement goals without unnecessary stress.
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Augusta Precious Metals Provides Lifetime Customer Service
Whether you're a one-time investor in precious metals or a regular investor, Augusta Precious Metals provides every customer with lifetime customer support.
The professionals at Augusta Precious Metals are highly knowledgeable and can guide you on pricing, answer basic questions, schedule one-on-one web meetings, and much more. Lifetime customer support is a long-term resource that can help you diversify your savings for many years.
Augusta Precious Metals Has an Easy Account Opening Process
The lengthy and tedious account opening process is the main concern when opening a silver or gold IRA. However, with Augusta Precious Metals, you don't need to worry about that, as they are with you throughout the entire process.
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Whether you're looking to roll over an existing IRA or set up a new one, Augusta Precious Metals offers a stress-free process that is simple to follow.
Augusta Precious Metals Has a Dedicated Ira Processing Department
Augusta Precious Metals has a dedicated IRA processing department and order desk. The IRA processing department assists you in completing most of the IRA transfer paperwork, while the order desk guides you through the options and helps you select gold, silver, or a combination of both based on your financial goals.
Getting Started with Augusta Precious Metals
Setting up an IRA with Augusta Precious Metals is straightforward. The company has a five-step process, which includes the following.
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Contact an Agent
When you want to set up an IRA with Augusta Precious Metals, contact the company here on their official website . The agent will guide you through the process and even schedule a one-on-one meeting to answer any queries.
During this stage, it is essential to be open about your retirement goals to help the agent determine the investment strategy that would be best for you.
Get Access to Educational Materials
Once you're familiar with the process, your agent will provide access to educational videos, guides, and other materials that you can go through to learn more about precious metals and the current market. The guides you receive are extremely useful, and you won't find them anywhere else, so make sure you do your reading!
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Start the IRA Processing
In this step, Augusta Precious Metals will set up your precious metals IRA to help you get started. The company will handle 95% of the paperwork during this process, ensuring a stress-free experience.
Build Your Portfolio
After you've set up your IRA, you can start building your portfolio by investing in gold or silver coins, bullion, or any available products. You will have Augusta's product professionals guiding you on the products and pricing and assisting in helping you build your portfolio.
Finalize Your Order
Once you've decided on what products you want to purchase, you will receive a call from one of the representatives at Augusta Precious Metals to confirm your order. After you've finalized the order, the company will process it.
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Products I Invested in Through Augusta Precious Metals
Augusta Precious Metals has five main product categories, including the following.
Common Gold Bullion
Under the gold bullion category, Augusta Precious Metals offers many different products, such as Gold American Buffalo, Gold American Eagle, Gold Canadian Polar Bear, Gold Bar, and many more.
Common Silver Bullion
There are many products available under the common silver bullion category, and these include the following:
- Canadian Silver Maple Leaf
- Silver Round
- America The Beautiful
- Silver Bags
- Silver Bar, and more.
Premium Gold
Augusta Precious Metals has the following premium gold coins for their clients:
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- 2014 Canadian Gold Arctic Fox
- $20 Saint Gaudens
- $10 Indian
- $20 Liberty
- Commemorative
Premium Silver
If you're looking to buy premium silver, here are a few products available at Augusta Precious Metals:
- Royal Canadian Mint Silver Soaring Eagle
- Canadian Silver Polar Bear and Cub
- Ben Franklin Half Dollar
- Mercury Dime
- Commemorative Dollar, and many more
IRA Eligible Coins
The following are some of the IRA-eligible coins you can purchase:
- American Eagle Proofs
- Canadian Maple Leaf
- Australian Striped Marlin
- American Silver Eagle, and more.
You can contact Augusta Precious Metals directly to learn more about the gold and silver coins and bullion, and other precious metals they have and the pricing.
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What Are the Fees or Costs of Setting up an Ira with Augusta Precious Metals?
You would not believe this when we tell you, but Augusta Precious Metals does not charge management fees, unlike many other gold IRA companies. However, there are three different fees the company charges, and these include the following:
- Setting up fees: New customers must pay $50 to set up their IRA and two annual fees due at signing that cost $100 each, bringing the total cost to $250.
- Annual fees: Custodian and storage fees cost $100 each, totaling $200 annually.
- Spread: Augusta Precious Metals has a 5% spread, much lower than many precious metal IRA companies. However, their spread can go up to 33% for premium purchases.
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Can You Purchase Physical Gold and Silver with Augusta Precious Metals?
Individuals who want to take possession of their precious metals outside of an IRA can purchase physical gold and silver with Augusta Precious Metals. The company offers cash purchases with a high level of service from specialized professionals.
Augusta Precious Metals offers free and secure private delivery. Even the delivery person does not know what's inside the box, helping keep your shipment safe. The shipping is completely insured, with the customer only taking responsibility for the precious metals once they've received them at their location.
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To buy physical gold and silver from Augusta Precious Metals, you have to follow a simple three-step process which includes the following:
- Fund your account
- Buy gold or silver
- Sign for delivery
Pros and Cons
What We Like about Augusta Precious Metals
- They focus on education
- FREE GOLD Offer
- They offer lifetime support
- They have a transparent fee structure
- The gold and silver IRA company has an easy setup process
- Perfect customer reviews suggest a fantastic customer experience
- They offer gold buybacks
What We Don't Like about Augusta Precious Metals
- There is no pricing of products on their website
- They don't do online orders
- The spread is high on premium purchases
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Bottom Line
Augusta Precious Metals remains focused on educating individuals about owning precious metals and opening up precious metal IRAs. It sets itself apart with an easy-to-follow process, and its experienced professionals handle all the paperwork, ensuring a stress-free experience.
The company works with Delaware Depository to ensure the safety of your gold and silver. Your financial assets are not on the depository's balance sheet, meaning that even if the depository goes bust, creditors will not have access to your precious metals, making investing with Augusta Precious Metals safe and secure.
If you buy gold from Augusta Precious Metals, the company will buy back the gold from you at competitive prices whenever you're looking to sell it.
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Augusta Precious Metals is one of the most reputable IRA companies, with exceptional customer service, competitive fees, and overwhelmingly positive reviews. The only drawback is that you need a minimum investment of $50,000.
If you have enough money and want to purchase precious metals or set up a precious metals IRA, Augusta Precious Metals is the right company for you.
Frequently Asked Questions
Is Augusta Precious Metals Legit?
Absolutely. Our experience investing with Augusta gold IRA was great. In our research and testing we found that the company has an excellent reputation and a solid rating. They have partnered with Equity Trust to provide gold and silver IRAs.
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Who Is Augusta Precious Metals For?
It is excellent for people with a minimum of $50,000 to invest in gold or silver to help diversify their savings.
Are Precious Metals Worth Buying?
Precious metals are a safe haven, making them fantastic investments to hedge against inflation. Although they don't have the growth potential similar to stocks, they're less volatile, helping protect your retirement savings.
