When you’re looking to invest in your future with gold and other precious metals, it is wise to choose a company that has good standing and is reputable. With so many precious metals companies out there, how can you be sure that the one you choose is the right one for you?
While it can be difficult to find a good precious metals dealer, you don’t have to worry. Today, we are going to discuss and review Augusta Precious Metals.
Augusta Precious Metals is a family-owned, full-service provider of gold and silver IRA’s that boasts over five decades of experience for its employees in the precious metals industry. But, are they worthy of your investments?
Before you invest with any dealer, you want to make sure that they are top-notch, through research and reviews, like this Augusta Precious Metals Review.
Augusta Precious Metals Background
Augusta Precious Metals was started by Isaac Nuriani in 2012 in Beverly Hills, California as a way to offer investors the ability to safeguard their investments by purchasing precious metals. While the market is full of these types of businesses, Augusta Precious Metals and Isaac Nuriani take it a step further and only provide services that they can be proud of and with an integrity few other companies can boast of.
Purchases with Augusta Precious Metals are personalized, easy, and affordable no matter what your investment budget. Their main goal is to make the clients life easier, and they take it seriously.
Products and Services
Augusta Precious Metals offers a wide variety of purchasing options in gold and silver IRA-approved bullion and bars. They do not deal in platinum or palladium, so if that is where you wish to make your investments, you’ll have to look elsewhere.
However, if you’re a coin collector, you’re in luck! Augusta Precious Metals carries a wide selection of collectible coins in gold and silver, many of which are certified by independent grading companies such as PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation).
When it comes to their products and services, Augusta Precious Metals is set apart from their competitors for a few reasons, including:
- Competitive Pricing
- Shipping is Insured at No Extra Cost
- Waived First-Year Fees on Gold and Silver IRA’s
These benefits allow Augusta Precious Metals to provide excellent customer service to all of their clients, not just established ones. They also have a buyback plan where you can sell back any of the precious metals that you’ve bought from them at fair, competitive prices.
You’re never alone when it comes to making investment decisions. The Augusta Precious Metals website has extensive information about precious metals investments, including what benefits you will receive by opening a gold-backed IRA. You will also find information about other services, storage facilities, legal considerations, and the purchasing process.
Gold IRA’s
Every client of Augusta Precious Metals is assigned a dedicated agent to help them through the IRA set-up process. These are professionals who are experienced and knowledgeable, thus making the process streamlined and easy.
Aside from agents, the company also employs an IRA processing team and economic analytics team. They work with the clients directly and provide cost-efficient services that benefit both the client and the company.
If you wish to open a silver and gold IRA with Augusta Precious Metals, you will find that it is a simple process, which includes the following steps:
- Open your IRA account — Just fill out the required form to open an account.
- Funding your account — You can fund your Augusta Precious Metals IRA account by rolling over funds from your existing IRA, 401(k), or another retirement account.
- Purchase silver or gold — Once you buy your IRA precious metals, Augusta Precious Metals ships them to the Delaware Depository or another secure storage facility in one of the U.S. cities of your choosing.
Pricing Information
To open your precious metals account with Augusta Precious Metals, you’ll pay $50. You will also pay the following annual fees:
- $75 annual administration fee for accounts up to $100,000
- $125 annual administration fee for accounts over $100,000
- $125 annual custodian fee
Your depository storage fees will be extra, which you can ask your agent about when you begin the process.
If you are a qualified investor, you may be able to have your fees paid for a lifetime. The company offers free shipping and transit insurance for qualifying orders and you’ll need to invest at least $5,000 to start. There is no maximum investment with Augusta Precious Metals.
The price of precious metals depends on the current spot prices and coin market rates. Just note: Augusta Precious Metals is very straightforward with their fees and markups and has a price-match guarantee, so they remain completely transparent, which is important when you’re shopping for a precious metals dealer.
Storage Options
Augusta Precious Metals has partnered with IDS (International Depository Services Group), and Brink’s Global Services to provide its precious metals storage needs. They keep clients’ assets in one of a handful of secure, independent storage facilities spread across the United States and Canada, including:
- Salt Lake City, Utah
- Los Angeles, California
- Nampa, Idaho
- Mississauga, Ontario, Canada
- Springfield Gardens, New York
- Bridgewater, Massachusetts
- Wilmington, Delaware
- New Castle, Delaware
- Jackson, Ohio
- Las Vegas, Nevada
- South Fargo, North Dakota
If your precious metals purchases are not for an IRA, you can have them shipped directly to your home or another preferred location.
Augusta Precious Metals offers free 100% insured shipping and has never had lost a customer’s purchase during transit. If your precious metals should get lost during shipping, Augusta Precious Metals will refund the full buying price.
Augusta Precious Metals FAQs
- How long does it take Augusta Precious Metals to deliver my purchases?
Augusta Precious Metals ships purchases within seven to 10 business days from the time of purchase.
- Does Augusta Precious Metals offer transparent pricing and business?
Absolutely! Policies, disclosures, and pricing are all completely transparent and fair.
- Will Augusta Precious Metals store my purchases for me?
You can choose one of a handful of storage facilities, as well as have non-IRA purchases shipped directly to you.
- Can I keep track of my portfolio’s performance?
You will receive quarterly statements from Augusta Precious Metals, and you can always check on your portfolio at any time online.
- Do I have to pay management fees for my account?
No, as your IRA will be self-directed. You will have storage and custodial fees you will have to pay.
Final Verdict: Is it Worth Investing with Augusta Precious Metals?
For investors looking to diversify their investment portfolio, you will find that Augusta Precious Metals is a smart choice and a reliable partner. The company agent assigned to your account will take care of everything from paperwork, to purchases, to helping you choose a storage method and facility.
With their extensive experience, buyback program, and a waiver on your first year’s fees, you will be making a wise choice if you decide on Augusta Precious Metals for your precious metals investment needs.