Augusta Precious Metals Gold IRA 2021 Review

9.1 / 10 Our Verdict
Pros
  • Comfort and confidence in your retirement funds
  • Easy to set up an account
  • Control over your physical assets
  • Avoid digital banking/recording systems
  • Offers diversity within your retirement portfolio
  • Gives you an alternate investment - one that will always be worth something
  • Lifetime customer service and support
  • Great opportunity for your investment to grow
  • Tax advantages, no penalties
Cons
  • Dividends and interest are not paid out on these types of investments
  • The precious metals are held in storage and cannot be physically viewed by investors
  • High investment level
Bottom line
Augusta Precious Metals has a long history in the precious metals industry and has a reputation to back up its dedication to building wealth for retirement. This family-owned company provides excellent customer service, assisting investors with setting themselves up for a successful future.

Augusta Precious Metals has been in the precious metals industry for over five decades. They work diligently with individuals who are seeking to diversify their retirement portfolios by funding their accounts with precious metals.

Similar to a self-directed IRA, a Gold IRA receives tax-deferred status. Augusta Precious Metals uses a client-focused approach to help investors handle their assets most beneficially.

Augusta Precious Metals Category Ratings

Product Range
Pricing
Customer Care
Company Reliability
Customer Reviews

We’ve reviewed Augusta Precious Metals across these five key areas. To learn more about our methodology and how we determine our scores, read our testing methodology.

 

Product Range and Services

8.9/10

Pricing

7.9/10

Customer Care

9.5/10

Company Reliability

8.9/10

Customer Reviews

9.5/10

Augusta Precious Metals Review Key Summary

 

Year of Establishment 2012
CEO Isaac Nuriani
Headquarters Beverly Hills, CA
Products on Offer Gold and Silver
Storage Locations North America
Better Consumer Alliance Rating AAA
Better Business Bureau Rating 4.96/5
TrustLink Rating 4.9/5
This family-owned company provides excellent customer service, assisting investors with setting themselves up for a successful future.
– CEO – GoldGuide.com – Mikael Jonson

Augusta Precious Metals Products Range and Services

Augusta Precious Metals offers a wide range of precious metals, primarily gold and silver, in a variety of ways. This could be premium collectible coins, bullion bars, and coins.

 This company works to educate its investors with a centered approach to customer success. They have published documents and a free guide explaining precious metal investing so that their investors can have a deeper understanding of the process.

 Augusta Precious Metals has created an easy 3-step process to get started:

  • Open a self-directed IRA
  • Add funds to your account
  • Purchase precious metals

 They do all of this while forming long-lasting relationships with their customers. Each customer has his or her representative. This is a service that often sets them apart from their competitors.

Augusta Precious Metals Services

Augusta Precious Metals allows you to use any number of ways to fund your gold and silver purchase. Remember, this investment is allowing you to diversify your retirement portfolio. So, you have the flexibility to use your current services for purchasing precious metals.

 Currently, Augusta Precious Metals offers services involving:

  • Gold IRA
  • Silver IRA
  • 401(k) rollover
  • Traditional and Roth Planning
  • SEP IRA Planning
  • Simple IRA Planning

Gold Guide Rating: 8.9/10

Augusta Precious Metals Pricing

Augusta Precious Metals is a bit higher priced than most competitors. While there are different ways to purchase gold and silver, Augusta’s process has some requirements and guidelines for doing so.

Augusta Precious Metals Costs/Fees

Costs and fees may change, so you will always want to contact the company to get the most accurate information. Currently, if you want to invest by buying gold (or silver) from Augusta Precious Metals, you need a minimum of $50,000.00 for non-IRAs and $100,000 for IRAs. Please note that there is no cap on the amount of investment you can make.

As a new customer, the initial setup fee is $50.00. Then, annually, you will be charged an administration fee and custodian fee dependent on the size of your investments.

It is important to note that these costs may be paid with a personal check and bank wire transfers or a credit card. Though, personal check transactions may not exceed $100,000.00. per transaction.

Minimum Investment

Augusta Precious Metals currently requires a $50,000.00 – $100,000 minimum investment for each purchase. If you choose to invest in these precious metals outside of an IRA, you will still be required to meet the $50,000.00 minimum investment.

Gold Guide Rating: 8.5/10

Augusta Precious Metals Customer Care

In our Augusta review, we can see that Augusta Precious Metals offers customized services and education. They believe that educating customers on the process of investing in precious metals can lead them to a successful future of retirement planning.

They pride themselves on building relationships with customers. And each customer has a dedicated representative who walks them through each step of the way.  

Trust building, dedication, and education are things that set Augusta Precious Metals apart from others.

Augusta Precious Metals Educational Materials

Augusta Precious Metals has published works that explain the detailed process of investing in gold and silver. They maintain email communications, blogs, website updates, and calls between the representative and the customer.

Each outlet allows the customer to understand the investment better and feel confident in his or her retirement portfolio.

Gold Guide Rating: 9.5/10

Augusta Precious Metals Company Reliability

Businesses come and go, but Augusta Precious Metals has been in business since 2001. This family-run operation has been in the precious metals investment industry for the last five decades. They hold memberships in several professional associations that ensure they offer a high level of standards, ethics, and professionalism to all clients.

Augusta Review: Augusta Precious Metals Company History and Background

Augusta Precious Metals is a family-owned and operated business. Isaac Nuriani of the Nuriani family started the company in Beverly Hills, California. 

The company changed CEOs and is now managed by Joe Montana, who strives towards the same mission Isaac Nuriani wished to fulfill when developing the company. Each member of the team works together for the experience and education of the customer.

Gold Guide Rating: 8.9/10

Augusta Precious Metals Customer Reviews

Augusta Precious Metals reviews show it is top-rated by clients. Clients across the board give Augusta Precious metals high ratings and praise for their excellent educational materials and communication. The biggest downfall to the company is the high investment costs, but clients believe it is worth the customized help that they receive through the company.

Augusta Precious Metals Independent 3rd Party Customer Reviews

Many companies have either received reviews or have given awards to Augusta Precious Metals for various reasons. Below is a list of a few accolades they have received.  

  • A+ rating and zero complaints with the BBB
  • The highest rating (AAA) with the BCA.
  • 5-star rating from TrustLink.
  • Google rating of 4.8
  • 5-star rating on Facebook.
  • IRA Gold Advisor voted it “Most Trusted in the US”

Augusta company reviews and customer reviews on these sites speak very highly of the service and give much praise.

Gold Guide Rating: 9.5/10

How Does Augusta Precious Metals Compare to Other Gold IRA Companies?

We also reviewed some other Gold IRA companies and evaluated them on the same criteria as Augusta Precious Metals. Here is how Augusta Precious Metals compared with them:

Rating 1-10 where 10 is best

Augusta Precious Metals

Regal Assets

Birch Gold Group

GoldCo

Noble Gold

Product range and Services

8.9

9.9

8.9

9.9

9.3

Pricing

7.9

9.7

7.9

9.8

9.2

Customer Care

9.5

9.6

9.8

9.8

9.0

Company Reliability

8.9

9.8

9.8

9.9

9.6

Customer Reviews

9.5

9.5

8.9

9.8

9.8

 

Alternatives to Augusta Precious Metals 

Because Augusta Precious Metals has a high investment rate, you may want to consider a couple of other options. 

  • Birch Gold Group is another precious metal investment company designed to help you diversify your portfolio using a self-directed IRA. While they recommend that you start with a minimum of $10,000.00, there is no required minimum amount. 

To read our full review of Birch Gold Group, you can visit this article.

  • Noble Gold Group offers you the chance to invest in your future with an IRA to purchase precious metals. You will need a minimum of $2,000.00 to get started.

 If Noble Gold Group seems like a company you’d be interested in, you can learn more about them in our Noble Gold Group review.

How to Invest at Augusta Precious Metals?

Getting started with Augusta Precious Metals is rather easy. Thanks to their high level of customer service and great teamwork, they can walk you through the three-step process.
  1. Open an IRA.
  2. Fund your IRA account by using an existing IRA, your 401(k), or other retirement funds.
  3. Use your funds to purchase your precious metals.
It’s that easy. And your assigned customer service representative is there through every step. 

Gold IRA Guide – Augusta Precious Metals

The Bottom Line: Do We Recommend Augusta Precious Metals?

Based on our Augusta review, we recommend this company but suggest looking at other Gold IRA companies to compare costs. Though the minimum investment amount cost is on the higher end, Augusta Precious Metals has a history and a following of investors that prove its successful track record.

Our Verdict : 9.1/10

Augusta Precious Metals FAQ

1. What is the minimum investment for Augusta Precious Metals Gold IRA?
The minimum investment for Augusta Precious Metals Gold IRA is $50,000.00 for cash purchases and $100,000.00 for IRA purchases. There is no maximum amount.
2. What type of metals should I have with my Augusta Precious Metals Gold IRA?
Augusta Precious Metals offers quite an array of precious metals for purchase in an IRA. Bars, coins, bullion coins, and premium coins are all available. And all in either gold or silver. If you are not sure which you should be investing in, you should speak to a customer service agent and begin your education. This is the best way to truly understand the value of precious metals and how they may benefit you in the future. The team at Augusta works together to help you make the best-educated decision based on your situation. It should be noted that Augusta Precious Metals recommends speaking to a legal, financial, and tax professional to discuss your assets and goals before investing in precious metals.
3. When would I be qualified for the Augusta Precious Metals Gold IRA distributions?

Required minimum distributions (RMD) are something you will begin taking when you turn 70 ½ years old. When this occurs, you have two choices:  

  • Sell the required amount of physical gold or silver within your IRA and accept a cash distribution.
  • Take physical control over the precious metals as distribution.

 Use a required minimum distribution estimator to help determine how much distribution you will be required to take. And, note that there are tax forms to complete and potentially taxes owed (depending on your distribution method). Be sure to contact a tax advisor.

4. Is there a buyback program for Augusta Precious Metals Gold IRA?

Augusta Precious Metals cannot guarantee a buyback of any item purchased.

5. What storage options do I have with Augusta Precious Metals?

As a partner of Brinks Global Services and the International Depository Services Group (IDS), Augusta Precious Metals has several options for secure storage locations throughout the United States and Canada. These are located in:

  • Salt Lake City, Utah
  • Nampa, Idaho
  • Los Angeles, California
  • Mississauga, Ontario, Canada
  • Bridgewater, Massachusetts
  • Springfield Gardens, New York
  • Wilmington, Delaware
  • New Castle, Delaware
  • Las Vegas, Nevada
  • South Fargo, North Dakota
  • Jackson, Ohio
6. Why would I need a custodian to handle precious metals in my Augusta Precious Metals Gold IRA?

Federal law requires that custodians administer IRA precious metals. Therefore, Augusta Precious Metals works closely with many custodians who can help customers make the best use of their retirement accounts and other funds.

Custodians help with rolling over the 401(k) or other IRA.

While Augusta Precious Metals thrives on teamwork and a customer-driven plan, the custodian is just one more aspect that comes together to move you successfully through the investment process.

7. Who is the custodian of Augusta Precious Metals Gold IRA?

Currently, the custodians of Augusta Precious Metals are Equity Trust, Goldstar Trust, and Kingdom Trust.

Each one of these custodians has the experience and ability to manage self-directed IRAs necessary for investing in precious metals.

8. How long will it take to roll over my IRA to the Augusta Precious Metals Gold IRA?

 There is no specific amount of time that this rollover can take, but speaking to a customer service agent at Augusta Precious Metals can help you move through the process efficiently.