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Augusta Precious Metals Review: 5 Things to Know Before Investing

Augusta Precious Metals Review (Fees, Products, and Customer Reviews)

Look:

When it comes to gold IRA companies, there is one that crushes the competition.

With excellent customer service and some of the lowest fees in the industry, Augusta Precious Metals has been the go-to gold IRA firm for many.

We’ve been in close contact with APM’s representatives, and where they set themselves apart from the competition is the education and support they provide to their customers.

They will help you understand the in and outs before purchasing, instead of trying to just sell to you (unlike a large number of other companies).

In this review, we will show you why it’s one of the best retirement investment decisions you can make for yourself.

You’ll learn:

  • What is Augusta Precious Metals?
  • What makes this firm different from their competitors
  • Is this gold IRA company legit or a scam?
  • Augusta Precious Metals pros & cons
  • Fees, products, and customer reviews
  • Lots more!

We also highly recommend grabbing Augusta’s FREE gold IRA guide if this is your first time investing in precious metals.

What Is Augusta Precious Metals?

So who is this company that Joe Montana keeps talking about?

Augusta Precious Metals is one of the largest and most reputable gold and silver providers in the US.

We’ll say more:

They are an industry-recognized PCGS (Professional Coin Grading Service) authorized dealer, who abides by the NGC’s (Numismatic Guaranty Corporation) coin grading standards.

Founded in 2012 and located in Casper, WY, Augusta Precious Metals was named “The Best Overall Gold IRA Company” by Money Magazine in 2022.

CEO Isaac Nuriani has made it his personal mission to help people understand potential retirement concerns caused by financial policies that favor big banks rather than individual investors.

(And clearly, he’s doing a great job.)

==> Ready to speak to an Augusta agent? Call 833-989-1952

Isaac launched APM to help educate retirement savers on how they can diversify their portfolios with precious metals and protect their hard-earned retirement savings.

With a strict commitment to ethics and professionalism, Augusta makes customer satisfaction its highest priority.

They aren’t just looking to sell you gold and silver but rather educate you about the benefits and risks of diversifying your portfolio with precious metals.

Every potential new customer receives a personalized call before opening an account.

During this call, you will learn ways to diversify your portfolio to protect yourself against inflation, and what precious metals options may suit you.

This firm even offers tips on avoiding gimmicks and high-pressure sales tactics while researching other gold IRA companies.

Augusta isn’t looking to make a quick sale but rather to build a relationship to be your precious metals provider for life.

How Is Augusta Different from Other Gold IRA Companies?

Is Augusta Precious Metals legit? What makes it unique?

One thing for certain is that Augusta is NOT a scam. Quite the opposite.

This firm is committed to transparency, simplicity, and excellent customer service before, during, and after your purchase.

Unlike other companies that just sell gold and silver, this precious metals provider offers account lifetime support for all customers.

Augusta Ratings

Their experienced analytics team is always available to provide detailed information other companies can’t or aren’t willing to provide.

In addition, they are committed to helping you diversify with gold and silver, both now and in the future.

With Augusta Precious Metals, you get peace of mind knowing that their agents are always there for you, even after your transaction is complete.

1) Augusta’s Award-Winning Customer Service

Augusta holds the top spot as the “Most-Trusted Gold IRA Company in the United States” with IRAGoldAdvisor.com for its excellent verified customer reviews, transparency, customer service, and great value.

Money Magazine named Augusta Precious Metals the “Best Overall Gold IRA Company” for 2022.

On top of that, Augusta has received two Stevie Awards for excellent Customer Service Success and Sales Distinction of the Year.

Judged by the most respected executives, educators, entrepreneurs, and innovators, these awards are some of the most coveted business awards in the world.

2) Excellent Customer Reviews

The commitment to customer service and transparency is reflected in Augusta Precious Metals’ excellent customer reviews.

Check them out…

  • Better Business Bureau: 4.97/5.0 with over 100 reviews
  • TrustLink: perfect 5.0 rating based on 278 reviews
  • Consumer Affairs: 4.9/5.0 rating based on 129 reviews
  • Business Consumer Alliance: AAA based on 85 reviews
  • Google Reviews: 4.9/5.0 based on 221 reviews

In the majority of reviews, customers state that Augusta reps went above and beyond to make sure that all their questions were answered and that they never felt pressured to buy.

==> Ready to speak to an Augusta agent? Call 833-989-1952

3) Augusta’s Gold Buy-Back Program

This program makes it easy if you decide to sell your investment in the future. Though Augusta can’t guarantee they’ll always buy back your gold, they haven’t turned anyone down yet.

And often, their buy-back prices are fair and competitive.

Plus, you won’t have the inconvenience of finding a buyer, confirming that you’re getting the best price, and arranging the transfer of the actual gold and silver.

With Augusta’s Gold Buy-Back Program, you have peace of mind that if you need to sell your gold or silver quickly, you’ll have a trustworthy buyer.

==> Request your Free Gold IRA Company Checklist here.

How to Open an Account with Augusta?

Augusta Precious Metals makes it easy to open a gold individual retirement account.

They’ve made the process simple and straightforward.

How to open a Gold IRA account with Augusta Precious Metals

First, you’ll learn all about investing in a Gold IRA with your free web conference call with one of their experienced agents.

You can call them at (833) 989-1952.

They’ll ensure you understand the benefits and risks of investing in precious metals before you open an account.

Once you’re ready to proceed, Augusta will work with you to open your self-directed IRA with Equity Trust. They handle 95% of the paperwork and are with you every step of the way.

Once approved, your account is ready for funding.

This firm will help with all the paperwork to roll over funds from an existing IRA or retirement account.

Now that you’re ready to buy, Augusta’s order desk will go over all your options that best meet your personal financial goals, whether gold, silver or a combination of the two.

(The process is completely transparent, and there are no hidden costs or fees.)

Just so you know, Augusta Precious Metals doesn’t accept online orders.

Instead, all orders will be confirmed by the confirmation department on a recorded phone line providing an extra layer of security.

After the purchase, the company will send your metals to the appropriate IRS-approved depository.

Though you can’t take actual possession, you can make arrangements to visit the depository to inspect your gold and silver purchases.

As a customer, you gain access to Augusta’s award-winning account lifetime support.

This means that for the life of your account, APM’s team of professionals is there for you to answer questions, help with future orders, and provide trustworthy financial advice.

==> Request your Free Gold IRA Company Checklist here.

Is There a Minimum Order Amount?

Augusta Precious Metals requires a minimum order of $50,000 for any purchase, whether for an IRA or cash account.

You can reach this amount using any combination of products offered – gold, silver, or a combination of both.

They don’t have a maximum order size. So even if you want to purchase a large quantity of gold and silver, this firm can fulfill your needs.

Augusta Precious Metals Fees

So, what fees does Augusta Precious Metals charge?

When you open a gold IRA with this provider, you incur a one-time setup fee and recurring annual fees.

Setup Fee (One-Time)

  • Custodian application fee: $50
  • Custodian annual fee (1st year): $100
  • Sample depository storage fee (1st year): $100
  • Total setup fee: $250

Recurring Annual Fee

  • Custodian annual fee: $100
  • Sample annual storage fee: $100
  • Total recurring annual fees: $200

Please note that these fees are for the IRA custodian and the depository. Augusta doesn’t charge any management fees.

augusta-ira-fees

 

As it has been mentioned already, Augusta is transparent about the costs, fees, and transaction statuses.

They have no hidden fees or commissions.

The price quoted by the order desk when you place your order is the exact price you’ll pay.

==> Request your Free Gold IRA Company Checklist here.

Is Augusta Gold IRA Safe?

You may have wondered:

  • Is Augusta Precious Metals a good investment?
  • Where will Augusta Precious Metals store my gold?
  • Is my gold individual retirement account safe with them?

To answer your questions, this firm makes sure that you can rest easy knowing that your gold and silver investment is safe and secure.

First, their preferred IRA custodian is Equity Trust.

Equity Trust has over 45 years of experience as a self-directed IRA custodian. They serve customers in all 50 states and have over $34 billion in assets.

Augusta will act as your liaison with Equity Trust. Still, you can contact Equity Trust directly and will always have complete control over your investments.

For storage, Augusta has contracted with Delaware Depository.

This depository is IRS-compliant, serves the CME (Chicago Mercantile Exchange) and ICE (Intercontinental Exchange), and specializes in precious metal storage.

Or you can choose from one of their other approved storage facilities:

  • Los Angeles, CA
  • Nampa, ID
  • Salt Lake City, UT
  • Dallas, TX
  • Las Vegas, NV
  • Shriner, TX
  • South Fargo, ND
  • Bridgewater, MA
  • New Castle, DE
  • New York, NY

In addition to the physical security provided by the depository, your gold and silver investment is protected by a $1 billion all-risk insurance policy provided by Lloyd’s of London.

What Products Does Augusta Offer?

Augusta Precious Metals offers some of the world’s purest gold and silver bullion coins and bars.

Gold Products

  • Gold Bars – 10oz and 1 oz
  • Gold American Eagle Coins – 1 oz, 0.5 oz, 0.25 oz, and 0.1 oz
  • Gold American Buffalo Coin – 1 oz
  • Gold Canadian Mapleleaf Coin – 1 oz
  • Gold Austria Philharmonic Coin – 1 oz
  • Gold South African Krugerrand Coin – 1 oz
  • Special and Limited Edition Premium Gold Coins – check for availability, as many popular coins sell out quickly

Silver Products

  • Silver Bars – 100 oz and 10 oz
  • American Silver Eagle Coin – 1 oz
  • America the Beautiful Coins – 5 oz
  • Canadian Silver Maple Leaf Coin – 1 oz
  • Austrian Philharmonic Silver Coin – 1 oz
  • Silver Rounds – 1 oz
  • Canadian Silver 5 Blessings – 1 oz
  • Bags of silver rounds at $1000, $500, $250, and $100 face values
  • Unique and Limited Premium Silver Coins – check for availability

The cost of the actual precious metals you buy varies based on current gold and silver spot prices and market rates for premium coins.

Augusta Precious Metals: Pros & Cons

Reasons to invest:

  • Professional Coin Grading Service authorized dealer
  • Abide by the NGC’s coin grading standards
  • Excellent customer support
  • A+ rating by the Better Business Bureau
  • 5-star rating on TrustLink
  • Competitive order pricing
  • 7-day return policy for first-time buyers
  • Low one-time and annual maintenance fees for IRA accounts
  • Extensive free education
  • No high-pressure sales tactics
  • Named “Best Overall Gold IRA Company of 2022” by Money Magazine
  • 2 Stevie Awards for Customer Service Success and Sales Distinction of the Year
  • Account lifetime support
  • No hidden fees or commissions

Reasons to avoid:

  • The minimum order size of $50,000 may be high for some investors.
  • Higher mark-ups on premium coins

Generally speaking, there aren’t many many gold-backed IRA cons.

In this particular case, however, you just need to be aware of the minimum investment amount and higher mark-ups on some of the coins.

==> Ready to speak to an Augusta agent? Call 833-989-1952

Who Should Open a Gold IRA at Augusta?

Augusta Precious Metals is the right gold IRA company for investors who:

  • Are looking to diversify their portfolio with gold or silver but still have questions
  • Don’t want to feel pressured to make a decision
  • Are looking for help through every step of the process
  • Desire a long-term relationship with the company
  • Want a process that is simple, transparent, and straightforward
  • Have at least $50,000 to roll over or invest

If this is you, then start by grabbing your FREE Gold IRA guide here. 

Augusta Precious Metals: Final Thoughts

To summarize this Augusta gold IRA review…

If you’re looking to diversify your portfolio with gold and silver but still have questions, then APM is the right choice for you.

This firm prides itself on its award-winning customer service.

Their experienced agents will take the time to ensure you understand all the benefits and risks of diversifying with gold and silver. Plus, you’ll never feel pressured to buy.

They’ll even help you identify and avoid other firms’ gimmicks and high-pressure sales tactics, so you can safely explore your options without worry.

Then when you’re ready to open an account, their professional staff will handle all the details making the process quick, easy, and painless.

And with their account lifetime customer support, you’ll rest easy knowing that you’ll always have a professional to turn to when you have questions or concerns about your investment.

So if you’re ready to diversify your portfolio with precious metals or still have questions, give Augusta a call at (833) 989-1952 today.

We also recommend that you download the free Gold IRA guide and/or register for the free web conference for further details.

You’ll be glad you did.

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