To Put it Simply: Augusta Precious Metals is the leading provider of gold IRAs and ranks #1 on my list. Their reputation is unmatched in the industry, with ZERO complaints to the Business Consumer Alliance (BCA) and Better Business Bureau (BBB), the most competitive pricing, and account lifetime support, including a unique one-on-one web conference to educate you before buying.
Disclosure: Some of the links in this article are from sponsors. The list below is an honest review gathered from thorough research, experience, and consumer-based feedback.
Some Key Points of my Augusta Gold IRA Review:
- Only gold IRA company with literally no BCA or BBB complaints since they began in 2012
- Unique one-on-one educational web conference led by on-staff Harvard-trained economist
- Chosen anonymously by Joe Montana’s personal advisors from all gold IRA companies
- Transparent and competitive pricing, including up to 10 years of fees waived
- No-commission sales, which means no fear tactics or gimmicks
- Solely focused on gold and silver IRAs, with "account lifetime support”
OUR #1 PICK
Augusta Precious Metals
Pros & Cons
With Coronavirus hitting hard, inflation increasing, and many jobs lost, it has caused concern for many about their current retirement plans. But Augusta Precious Metals can help you prepare.
We believe any American retirement investor will benefit from Augusta’s help with understanding the current economy and how and why to diversify with physical gold and silver.
It’s one of the best reasons (along with great pricing and reputation) to work with this company over others. And who can argue with a multi-millionaire’s personal advisors finding this company on their own (Joe Montana)?
If you want to explore a gold IRA in your savings portfolio, you can’t go wrong with Augusta.
Who is Augusta Precious Metals?
Augusta Precious Metals is a gold IRA company that offers investments into gold and silver, with an almost 100% focus on precious metal IRAs. They are the ONLY company in this niche that has literally NO complaints with the BCA and BBB since they were opened in 2012. They also are the only gold IRA company with no-commission salespeople, which means no fear tactics or gimmicks.
A precious metal IRA is a tax-advantaged Individual Retirement Account that is backed by physical metals, unlike stocks or fiat currency which are not backed by any tangible asset. The benefit here is that precious metals have been around for thousands of years and tend to hold their value when other assets are losing value.
Individuals who are looking for a way to prepare for their retirement with precious metals will greatly benefit from working with a company as experienced, refreshingly honest and transparent, and streamlined as Augusta Precious Metals.
Augusta is known for its simple approach to investing in precious metals while educating their client base, providing quality product choices at competitive prices, and providing service long after the original transaction.
Getting a sense of transparency is important when working with precious metals, and Augusta has a clear reputation for earning repeat business, which signifies its sound reputation. What’s more, there is no other gold IRA company that can claim to have zero complaints with the Business Consumer Alliance (BCA) and Better Business Bureau (BBB). That’s incredible.
It's no surprise that the company is known for educating its customers and not just promoting the purchase of gold and silver. The one-on-one web conference they advertise is truly unique and customers rave about it in reviews throughout the internet.
$50,000 Minimum Investment
Free portfolio reviews for all clients
What Does Augusta Precious Metals Do?
It’s understood that Augusta is an expert in supplying gold and silver IRAs, but the company goes above and beyond in its level of service (through things like the unique web conference and a whole section of its website dedicated to video education), its transparency and competitiveness on pricing, and the longevity of its support to customers.
Joe Montana’s own advisors found the company without being approached by Augusta, and he chose to become a customer and get involved as an ambassador only after meeting with them anonymously, which make his endorsement very honest based on the company’s positive qualities.
It is for these reasons that I make August Precious Metals my #1 choice and give them 5 out of 5 stars.
For those investors out there that prefer a more transparent, trustworthy approach and a super easy-to-navigate streamlined process with education along the way, I recommend Augusta as your top choice.
This firm is primarily focused on securing their customers’ futures with gold and silver IRAs, but also offer sales to non-retirement investors who want to take possession of their gold and silver outside of an IRA.
They have a dedicated team of specialized agents who provide services all along the way, from learning about precious metals and the economy to opening an account and even helping you take disbursements later on, and they offer free gold and silver portfolio reviews for their clients.
It's no wonder that they have 5-star feedback all around and enthusiastic clients like Joe Montana.
Services Offered by Augusta Precious Metals
Precious metals are at the heart of what Augusta offers, but the products themselves are investment assets. What type of services are offered by this firm?
Augusta has always stated that they specialize in helping their customers diversify their portfolios to protect their savings.
During a time when the economy is so volatile, it isn't surprising that Augusta is moving into the forefront to help families plan ahead for the uncertain future.
Here’s how they do it.
Some of the specialty products of the company include:
1. Gold IRA: This is a tax-advantaged retirement investment tool that was sanctioned by the IRS. It’s a “self-directed” investment that allows you to control your own assets and leverage the unique advantages of gold and silver. It has the same advantages and rules as any IRA. It needs to be administered by a custodian and stored in a secure facility. Augusta provides the physical gold and silver for this type of IRA, with services that help you learn about and open your account and work with the custodian and storage facility.
2. Silver IRA: This is the same as a gold IRA but it contains silver.
3. Gold and silver cash accounts (outside of an IRA): This allows individuals to purchase coins and store them wherever they want as the coins increase in value.
4. Storage services for physical gold and silver: Although Augusta sells gold and silver coins they work closely with storage facilities that offer you secure storage for these coins as well. Their website features a map of the storage facilities potential customers can decide on.
5. Custodian services: A gold or silver IRA requires that you have your account administered by a custodian, and Augusta has relationships with several custodians to help you feel confident in who you are working with. Augusta actually works with you on completion of up to 95% of the paperwork and unlike some gold IRA companies continues to work with you on ongoing communication with your custodian after you buy the gold and silver.
6. Multi-team approach: Last but not least, the approach that the staff at Augusta takes is one of a multi-team approach. Everyone in every Augusta department is on your side to help you understand gold and silver and get easily get your account started, and they stay with you along the way as well. Owning gold and silver is a journey, and Augusta has all hands on deck to support you and your use of gold and silver as a way of balancing out your retirement savings.
Augusta Gold IRA Fees
Precious Metal IRAs
$180 (custodial and storage fees—there are no additional management fees from Augusta)
$100; $0 if you are storing on your own
Augusta does have a high minimum compared to some of the other gold IRA companies – $50,000 to start. But if you are looking to invest that much, Augusta is your best bet; this is pretty much it's only "con" or downside, but it’s only a con for investors who don’t have that much. Since many retirement savers have this much or more, it’s not a problem for them.
Augusta is incredibly transparent about their fee structure. For precious metal IRAs, you pay only $80 for custodial maintenance, and the other $100 goes to depository storage fees.
There are minimal setup fees for the custodian, but Augusta itself has no additional management fees since you are effectively the manager of your own account.
The price of gold and silver you are going to pay Augusta for bullion is based on what is known as "spot price" which amounts to Augusta’s current cost plus just about 5%.
This is very competitive, and Augusta’s compliance department ensures that you know exactly what you are paying for what products. The order desk will spend plenty of time with you introducing you to the most common choices of gold and silver and helping you put together a precious metals portfolio.
Augusta Precious Metals FAQs
Augusta Precious Metals sells many different kinds of bullion bars and coins, as well as premium coins. Once you set up your IRA, you will be walked through the buying process with their specialized buyer agent, who will show you what is available and what is most common with investors and explain why. You can also purchase physical gold through them without an IRA, too.
Everything is completely clear in the transaction agreement, and you can be walked through it with an agent as well, to make sure you understand. They are one of, if not the most transparent precious metals company on the market. They were voted “Most Transparent in the U.S.” by one of the sector’s respected consumer advocate organizations.
Depending on the speed of your fund transfer, the entire process takes 5-10 days.
They work with fully insured depositories that are non-government-affiliated and can provide maximum security. You will get to choose your exact depository from their range of offerings, but they have a preferred depository they will recommend, which Augusta has thoroughly vetted and works with frequently (the Delaware Depository).
Augusta will help you withdraw your metals if you ask them to. You will go through your custodian for full or partial withdrawals, whenever you want. You control your accounts, but you must follow the rules of IRAs, which means early withdrawals could lead to penalties.
You can always check your IRA's performance online with your custodial account dashboard, and the custodian sends out quarterly statements of your account to view the performance over time.
General Precious Metal Investment FAQs:
1. Is there a true benefit to purchasing gold and silver within an IRA?
Precious metals are unique in that they act differently in the marketplace than other assets that aren’t backed by tangible products like gold and silver. Because of that, owning precious metals helps to diversify what you hold in savings, and ultimately that means it could help offset any drop in value that other assets might experience. Buying gold and silver in an IRA means you get the tax benefits of an IRA with all the unique benefits of precious metals AND the benefits of effective diversification.
2. What other reasons make buying gold & silver beneficial?
Gold has always been regarded as a universal asset. This is because no matter where you are in the world, gold is valuable. Fiat currency or paper money doesn’t necessarily have this quality. And gold and silver, because of their inherent value, often rise in value during economic crises.
The economic collapse of 2008 is evidence of this. During that time, the price of gold rose up to 600%. That's a huge number considering that paper money was failing miserably. Every asset fluctuates in price, but when you look at the history of gold’s performance, it is clear that it has the potential to help you grow your savings.
3. Where can I learn more about gold and silver?
The website for Augusta Precious Metals has a plethora of information regarding the purchase of gold and silver as well as how to open up a precious metals IRA. Be sure to look at the website’s great video page, where you can watch basic videos on gold IRAs, plus weekly videos on what is happening in the economy. Taking time to research the site and learn all that you can regarding precious metals is wise, and it's important for you to acquire this knowledge for yourself.
4. Is buying gold a get-rich-quick scheme?
While many think of gold in terms of expensive jewelry that indicates wealth, I don’t want you to read this article and think that you can get rich by purchasing gold and silver. However, you can build long-term sustainable wealth over time when you invest wisely in an effectively diverse array of assets. Be sure to consult your personal investment advisors about your overall portfolio. In any case, buying precious metals is a long-term endeavor and it is important to understand how metals fit into the marketplace, which is one reason Augusta is the best gold IRA company. They have the best education program for consumers in this regard.
5. How easy is it to make a precious metals purchase through Augusta?
Augusta makes it easy to make purchases of gold and silver. Once you sign up HERE, they will get in touch with you and take you through a super easy process to learn about gold IRAs and get your account started.
6. Has Augusta Precious Metals proven to be a reputable firm?
Augusta is extremely reputable and has had a completely clean track record with the BBB as well as the BCA since they started in 2012—and they’re the only gold IRA company that can claim that. You can also see the results of their great customer service in hundreds and hundreds of great online reviews from customers.
One of the best votes of confidence for Augusta is the fact that Joe Montana’s own advisors actually found Augusta independently when he asked for help protecting his retirement money. He even signed up for the one-on-one web conference anonymously and only after judging the company as the best in the U.S. did he tell them who he was and become a customer and their ambassador, endorsing Augusta across the board.
What Makes Augusta Unique?
The most unique things about Augusta Precious Metals is that they are the only company with literally zero complaints with the BCA and BBB since they were founded in 2012 – and they are literally the only company that has agents who do not earn commission. That means they have no reason to use scare tactics and gimmicks, which unfortunately is pretty normal in this business.
Also, Augusta is unique not only because they have solely specialized in gold and silver IRAs since their beginning, but also because they are the #1 educator in the space and sell gold and silver at the industry’s best prices. Moreover, they have a solid reputation for transparency, which is important to retirement investors, and they provide service long after your initial transaction (unlike other companies).
They are focused on being service- and educated-oriented above all else, and they take great care to help everyone they come into contact with build their gold and silver portfolio and protect their wealth—especially retirement savings.
They believe that their primary goal is your goal. This goal is to build a strong financial future for you and your family, and Augusta clearly states that they are here to help you easily add gold and silver to your assets to make that easier than ever.
What Do You Need to Know About Gold and Silver Investing? What Augusta's Gold IRAs Do Right
When you open a gold IRA account, you gain all the benefits of physical gold and silver, along with the usual tax benefits of an IRA. A trusted and highly experienced company like Augusta can help you learn about these assets and this special kind of IRA – then help you build a gold and silver portfolio, engage with a recommended custodian, and select a secure depository (where the physical gold and silver must be stored).
Because a gold IRA is different from traditional IRAs, it’s important to work with a company that specializes in gold IRAs and has a long track record of doing it right.
In general, gold and silver IRAs allow you to gain more control over your savings. They do it in a couple of different ways: through effective diversification and through their long history of holding value when other assets are losing value.
Investing in physical gold and silver to prepare for retirement wasn't always possible. The Taxpayer Relief Act of 1977 made it legal for Americans to purchase precious metals for this purpose in a self-directed IRA.
A precious metals IRA offers the same benefits as a standard IRA, and also has the same rules.
Working with Augusta Precious Metals through every step will ensure that you can keep your eyes on the prize. Augusta starts out by assigning you a personal agent to guide you through the process of opening your account.
Your agent will introduce you to the education department, where you can ask any questions at all that you have about the economy, the markets and how gold and silver fit in.
You can get one of their free retirement investment kits – and ask about getting signed up for their one-on-one web conference (the one Joe Montana signed up for anonymously!).
Once you are ready to open your account, you work with Augusta’s IRA processing department to get the paperwork done. They do about 95% of it with you to make it easy and give you confidence that it’s getting done right.
After you choose your custodian and get the new IRA set up, you will be introduced to the Augusta Precious Metals order desk, where the gold and silver experts will show you exactly what’s available (some of the most common products you can buy). They’ll help you assemble your gold and silver portfolio.
Next, you’ll work with the confirmation department to finalize your transaction through a no-stress phone call.
Finally, one of the most important things Augusta does right is stay with you even after your transaction is complete. They say they will provide the same level of support for the entire lifetime of your account, which means you can ask them about adding more metals to your savings, taking distributions—even setting up your account as a legacy for your family.
What Makes Augusta Precious Metals Stand Above the Rest?
It’s important to do your research on any investment. But I am very happy to be able to say I have done the research for you on gold IRA companies, and I determined that Augusta Precious Metals offers the very best advantages in the industry.
Most importantly, they have the best reputation. I judged this based on their complete lack of complaints at the BCA and BBB. Also, if you think about it, the fact that Joe Montana’s own financial advisors found Augusta after checking out all of the top gold IRA sources is very strong evidence supporting my choice of this company as my number one pick. Endorsers at other companies apparently were approached by the companies and offered payment to start endorsing them.
Another important thing about Augusta is that their sales people don’t get commission. That is probably why, as people are always saying in reviews, that there was no pressure, just information, in their work with Augusta.
When I looked at all the reviews of Augusta (and there are a lot), I could hardly find any reviews and ratings that were not extremely positive. Ratings companies give Augusta Precious Metals their very top ratings. The BCA rates them AAA (their best rating), and the BBB gives them an A+ (also their top rating). They were also voted “Most Trusted in the U.S.” by IRA Gold Advisor – and have been on TrustLink’s “Best Of” list for at least five years in a row.
We believe Augusta’s top ratings are probably in part due to the “lifetime account service” and the personal web conferences that other companies don’t have. It is a way for you to learn what you need to know about precious metals. They say they share things about the economy you can’t usually get other places. A lot of the reviews talk about this web conference and how great it is.
We liked the fact that Augusta is so transparent with its prices and the process they follow. You can learn a lot about this company on their website and other companies seem to keep a lot from you in the beginning.
Finally, Augusta has the best prices in the industry, and they have what I think is the best promotion: up to 10 years of custodial and storage fees paid for you (by Augusta) to make owning gold and silver through them almost a no-brainer.
Regardless of how much you invest over time, starting with the minimum of at least $50,000 to open your gold IRA account with Augusta is a great place to start. I believe you can be confident in your decision to work with Augusta over every other gold IRA company. Everything that they stand for signifies their integrity and competence with this important investment product.
There is no time like the present to invest in the future for you and your family, and I encourage you to click here to get started with Augusta. Consider the longevity of precious metals and the stability that they can offer you during a time like this.
Our gold IRA company list (#1 as best):
1. Augusta Precious Metals
4. Regal Assets
7. Lear Capital
8. JM Bullion
Are We Headed for an Economic Collapse?
We can wait and see what the future holds, but we could very well be headed for trying economic times.
Prices are going up, inflation is growing, the deficit is out of control, and no one really knows what will happen next. But you can be prepared.
It’s time to consider different ways of doing things. Don’t wait to get gold and silver working for YOUR family. Contact the expert team at Augusta Precious Metals and take the next step to secure your future.
$50,000 Minimum Investment
Free portfolio reviews for all clients