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About Augusta Precious Metals
Augusta Precious Metals is a gold and silver dealer offering both cash purchases and precious metal IRAs. You can choose from several depositories to store your precious metals, and it has multiple custodian options too. Augusta provides lifetime customer support for your gold and silver investments.
Overall Satisfaction Rating
- 5 stars
- 4 stars
- 3 stars
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- 1 stars
Pros
- Lifetime customer support
- Three custodian options
- Transparent purchase information
Cons
- No online orders
- $50,000 minimum for orders
Bottom Line
Augusta Precious Metals can help you buy gold and silver for home shipment or to use in an IRA. Its custodian and storage options help it stand out, but its order minimum can make investing difficult.
Top Augusta Precious Metals Reviews
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Augusta provided a professional, objective and honest presentation of their services, processes and relationships with the industry and related companies. It was informative, and ...
Read full reviewGreat company to work with! Very educational in the beginning learning the in’s and out’s of a Gold and Silver IRA. They made it very easy withdrawing money from my 401K and initi...
Read full reviewGold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.
About Augusta Precious Metals
Augusta Precious Metals can help you set up a self-directed IRA and send IRS-approved precious metals to secure depositories, but it also offers cash purchases if you want home delivery.
The company provides educational information for investors on its website, including market news, videos and a required minimum distribution (RMD) calculator. The company also offers a free webinar for potential investors who have saved $100,000 or more.
Augusta also donates a portion of its net proceeds to K9s for Warriors.
Augusta Precious Metals gold and silver IRAs
Setting up a self-directed IRA with Augusta Precious Metals lets you invest in gold, silver and other precious metals in a tax-advantaged way for retirement. There are three steps to opening a gold or silver IRA with Augusta Precious Metals:
- Open an IRA: Augusta Precious Metals works with three gold IRA custodians, and it can help you set up your self-directed retirement account. Custodian options include Equity Trust, GoldStar Trust Company and Kingdom Trust.
- Fund the account: If you have an existing 401(k), IRA or another retirement account, you can roll over funds from those accounts into your new self-directed IRA.
- Buy gold or silver: You can then purchase precious metals for your IRA. Augusta sends your gold or silver to the Delaware Depository or another secure location in one of several cities around the country.
Augusta has a $50,000 minimum for orders, so you’ll need at least that much to start investing.
Augusta Precious Metals cost
There are no management fees with a self-directed Augusta IRA, but you’ll pay custodian and storage fees. Augusta says its custodians charge $280 for the first year and $180 each year after that.
The cost of the actual gold and silver you can buy varies based on current gold and silver spot prices and market rates for premium coins. However, Augusta is transparent about its ask-to-bid differential on purchases, fees and transaction statuses.
Augusta Precious Metals FAQ
Where will Augusta Precious Metals store my gold?
Augusta Precious Metals partners with depositories in:
- California
- Delaware
- Idaho
- Massachusetts
- Nevada
- New York
- North Dakota
- Ohio
- Ontario
- Utah
The company’s preferred depository is located in Delaware, though, and there’s some conflicting information about its depository options on its website.
How much does it cost to open a gold IRA with Augusta Precious Metals?
Other than the purchase prices of the precious metals themselves, you’ll pay custodian and storage fees for the first year of your IRA. Custodian fees for your first year cost $280.
Can I see my gold and silver in person?
It depends on the depository. You can try to make an appointment to travel to the depository and see your precious metals in person, but the depository may not let visitors in.
What precious metals can I include in my IRA?
Augusta Precious Metals offers IRA-eligible coins in gold and silver.
Where is Augusta Precious Metals located?
Augusta’s corporate headquarters is in Casper, Wyoming, but it has a satellite office in Beverly Hills, California.
Do we recommend Augusta Precious Metals?
Augusta Precious Metals is a viable option if you’re interested in opening a gold IRA, and it offers free resources to help you make sense of the process. Experienced gold IRA owners might also appreciate the company’s bulk purchase discounts and lifetime customer service. It’s helpful that Augusta discloses its order minimum, but having to spend at least $50,000 on each order can be difficult for many investors.
Augusta Precious Metals Reviews
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Everyone we spoke to at Augusta Precious Metals was very informative, patient, and understanding of our questions and concerns. They even set us an appointment with their director of education for any additional questions and a comprehensive review of what we covered today during our web conference. I find it incredibly refreshing not to be pressured, and to even have a company recognize that the sheer amount of information may require a revisit, just so you can hear it all again and readdress any questions that may arise in the interim. Thank you APM, and thank you Lauran ** for your guidance and commitment to our pleasurable experience. We look forward to being customers for life. Respectfully, Michael & Morgan **.
Sincerely,
Isaac Nuriani, CEO
Participated in the Augusta Precious Metals webinar. It was very informative with knowledgeable staff. Felt very comfortable being able to ask questions. So far impressed with the company. A bonus was to find out that you get a free silver coin with each review that you do.
Sincerely,
Isaac Nuriani, CEO
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The customer service was superb, they explained each part of the process and showed me what was required to set up an IRA account to hold the gold/silver coins. However, the price of the gold/silver coins was quite high compared to the price of gold/silver quoted in the Wall Street Journal.
Sincerely,
Isaac Nuriani, CEO
Due to our uncertain times, I believe the responsible thing for me to do to protect my investments is to invest a portion in PHYSICAL Silver and Gold. After considering several companies I selected Augusta as the best choice. Their reviews were outstanding with no negatives that I could find. Their team made the process as efficient as possible and was very informative.
Sincerely,
Isaac Nuriani, CEO
The Zoom presentation was very informative and the individuals were very knowledgeable and friendly. We were able to ask questions and received informed answers. This has allowed us to make a more informed decision about diversifying our assets based on the current economic situation.
Sincerely,
Isaac Nuriani, CEO
The Zoom call I attended was planned very well with a combination of video, slide show, and 1:1 chats. The information was very helpful, and my questions were honestly and clearly addressed. Thanks for assuring my understanding of the process prior to committing to a purchase.
Sincerely,
Isaac Nuriani, CEO
This was my first metal purchase. The staff was very nice and helpful with everything. They explained the process and answered all my questions in detail. I was happy with the service that they provided me.
Sincerely,
Isaac Nuriani, CEO
I initiated a precious metals IRA from APM earlier this year. The sign-up process was straightforward and fairly easy to complete. Transferring all the precious metals to the custodian took longer than I expected but was completed recently. Judging from my experience, I would recommend them to other investors.
Sincerely,
Isaac Nuriani, CEO
I was recommended Augusta by a friend. I was interested in learning more about a precious metals IRA. They set up a zoom meeting and I was provided with a very detailed presentation. Afterwards they answered all of my questions. They were very helpful and knowledgeable. I appreciated that they do not pressure you to open an account with their company.
Sincerely,
Isaac Nuriani, CEO
I have dealt with Augusta in the past. This recent transaction was seamless. They are very patient with questions, and a pleasure to deal with. I wired the funds for a recent transaction. As soon as the funds arrived (that day), I received a verification call, and was asked what I wished to purchase. Prices were competitive. I will continue to deal with Augusta in the future.
Sincerely,
Isaac Nuriani, CEO
Augusta Precious Metals Company Information
- Company Name:
- Augusta Precious Metals
- Website:
- www.augustapreciousmetals.com
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