Investing in precious metals IRA accounts is a great option for investors that are looking to diversify their retirement portfolios. They are also a more stable investment option than traditional investments as physical asset investments are more resistant to a turbulent economic situation.
Knowing that precious metals are a historically stable investment opportunity will give you peace of mind for your future.
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Precious Metal IRAs are also known as gold or silver IRAs. These types of retirement accounts are a boon to retirement investors because they offer tax benefits, enhanced purchasing power, and a greater amount of control over your investments.
A diversified retirement portfolio helps to safeguard your future and precious metals are a great way to do that.
This guide compares the two gold IRA companies Augusta and Goldco, reviews the similarities and differences between them, and details our reasoning for our top pick.
We hope that this guide will help you to make the best decision for your investment future.
Overview: Augusta Precious Metals
Augusta Precious Metals is a precious metals IRA brokerage company that has been in business since 2012. Augusta prides itself on its transparent business practices and comprehensive customer service. It is unique in the industry in that they offer lifelong support to its customers.
As long as you maintain an account with Augusta their highly knowledgeable representatives remain a valuable resource to you. Augusta’s representatives are available to you with any questions you may have about the state of the gold and silver market, your IRA account, or other questions and concerns you may have.
Augusta is a leader in the industry, well respected, and rated extremely well with industry regulatory bodies such as the Better Business Bureau, TrustLink, and the Business Consumer Alliance. They have excellent reviews from their current and former customers with an overall average satisfaction rating of 4.6 out of 5 stars.
It is an excellent option for investors interested in self-directed Gold and Silver IRA accounts as well as those looking to purchase gold and silver outside of IRA accounts.
Augusta Precious Metals is also an excellent educational resource with a large library of information available on their website. It prides itself on ensuring that its customers make informed decisions that will help them achieve their long-term goals.
$50,000 Minimum Investment
Free portfolio reviews for all clients
Goldco has been in business for over a decade. It is a precious metals brokerage company that deals with a wide range of available products. Goldco deals in not only gold and silver but also platinum and palladium IRAs and direct sales.
Goldco is known for its excellent customer service and representatives that are available every step of the way.
From the moment you make contact, Goldco’s precious metals specialists will walk you through the process of opening a self-directed precious metals IRA, selecting the product that best services your needs, finalizing the sale, and transferring your investment to a secure custodial facility.
Goldco is well rated by industry regulatory bodies including TrustLink, the BBB, and the BCA, as well as by their former and current customers. They have an average overall satisfaction score of 4.8 out of 5 stars.
Goldco is a personable company with representatives that customize the investment process to the individual needs of each customer.
Augusta Precious Metals & Goldco Comparison Chart
Augusta Precious Metals
Over a decade ago
Avg Comprehensive Rating
Precious Metals Available
Gold & silver
Gold, silver, platinum, & palladium
Is Price Matching Available?
Assistance with Current IRA Rollover?
Average Delivery Time
Customer Support Level
Life-long comprehensive and personalized support
Comprehensive and customized support
Rollover Opportunities: Augusta Precious Metals
In many cases, investors that are interested in Precious Metals IRAs already have traditional IRAs or 401(k) accounts.
Augusta Precious Metals will assist in the process of rolling over an existing IRA account into a Gold or Silver IRA account.
You have the option of rolling the entire amount or a partial amount of that account into the new Gold or Silver IRA account.
This process is tax advantageous to the investor and the easiest way to fund the new account.
Augusta’s representatives are well versed in the procedures and the laws associated with this process and do their best to make the process as streamlined and stress-free as possible.
Rollover Opportunities: Goldco
Goldco offers many options for investors that choose to roll over their existing retirement accounts. They offer assistance in rolling over a number of different types of retirement accounts. This includes:
* Traditional IRA
* Roth IRA
* SIMPLE IRA
* SEP IRA
* Roth 401(k)
* Roth 457(b)
Goldco will assist with the necessary paperwork and help to streamline the process as much as possible. Their representatives are subject matter experts on the rollover process.
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$25,000 Minimum Investment
5% back for any order over $50k
Fees: Augusta Precious Metals
Augusta Precious Metals is exemplary in the industry for its transparency in its fee structure. Augusta openly publishes all of the types of fees that it charges as well as the amount.
Unlike many competitors that have hidden and variable fees, Augusta is upfront and transparent with its customers.
This is a comprehensive list of Augusta’s one-time and annual fees:
Augusta Precious Metals
One-time account setup fee
Annual custodial fee
Annual depository storage fee
Shipping and transit costs
Cost of precious metals
Fluctuates according to market value
Goldco Gold IRA Fees
The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50. as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.
Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000."
Choosing Between Augusta Precious Metals and Goldco
Augusta Precious Metals and Goldco are both excellent gold IRA company options for investors that are interested in diversifying their retirement portfolios. While both companies offer similar services, the slight differences between them are what tips the scales.
On the surface, Goldco and Augusta are very similar. Both offer rollover opportunities, the purchase of precious metals for self-directed Gold and Silver IRAs, and comprehensive customer service to aid in the investment process.
Goldco offers a wider selection of precious metals for investors with not only gold and silver coins and bullion but also platinum and palladium. Goldco has a faster average turnaround time from when the transaction completes and when the precious metals are delivered to secure storage facilities.
Its investment minimums are also much smaller and more accessible to potential investors. On the downside, Goldco does not offer lifetime customer support or competitor price matching.
On the other hand, Augusta is an industry leader. While Goldco has been in business longer, Augusta does have ten years of experience and a stellar reputation in the industry.
Augusta is lauded as a leader in ethics, business transparency, and education. Augusta’s educational resources are some of the best in the industry and their representatives want to ensure that any potential investor is making the best possible decision for them rather than pushing for a sale.
Their fees are openly published with no hidden fees for investors. While their investment minimum is higher than Goldco’s at $50,000, the lifelong support of their industry experts is a huge boon to any investor.
With Augusta, you can be sure that they are committed to helping you achieve your investment goals in the long term. Some other great companies with lower minimum investments include Noble Gold Investments, American Hartford Gold, & Birch Gold.
Ultimately, we have to say that Augusta Precious Metals is the better option because of its exceptional customer service, educational resources, its ethical and transparent business practices, price matching with competitors, and commitment to its customers’ satisfaction.
$50,000 Minimum Investment
Free portfolio reviews for all clients