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Augusta Precious Metals Review 2022 | Fees, Ratings & WARNINGS

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Deciding on a company to invest your hard-earned money is a big decision. You should do your research, and weigh all your options. One good sign is that you’re here, reading this article. Gathering data and making a sound choice can not only give you peace of mind, but protect your financial future.

We did some research of our own, and found August Precious Metals. They’re a well-respected company with a sterling reputation and business rating. Our in-depth review covers the company overview, how you know you can trust them, and an overview of their fees.

Who is Augusta Precious Metals

People have been talking a lot about Gold IRAs, and for good reason. For some people, a precious metals IRA can protect your other investments against inflation and market volatility. Other people have found that the chance to invest some of their portfolio in gold gives them an opportunity for real wealth growth. 

Augusta Precious Metals has taken an education approach to Gold IRAs. They realize that investing in precious metals is not for everyone. Recognizing that, they’re interested in partnerships that work for everyone involved—and they’ll make sure that it will work for you before enrolling you in their programs.

This means they’ll encourage you to sit in on their webinars instead of trying to sell you on a product. Augusta wants you to know if investing in gold is right for you. That way, if you do invest with them, you’re happy with the outcome.

Some gold IRA companies use high-pressure sales tactics. And because gold IRAs aren’t for everyone, that means that some investors are left with negative thoughts, feelings, and experiences.

Augusta puts the focus on what’s best for you and your retirement goals and plans. If gold fits into those plans, then they’re there for you. But it doesn’t fit for you, they’ll be the first to let you know.

Pros and Cons

There are a lot of reasons to choose a company. Sometimes it comes down to dollars and cents, sometimes it comes down to reputation and trust.

We recommend Augusta Precious Metals because they fit the bill on both ends: they make good financial sense as an IRA option, and they have impeccable marks for trust and customer service.

  • Transparent fee structure.
  • No-commission sales.
  • Education before you invest.
  • Dedication staff, and outstanding reviews.
  • They do have a minimum investment floor.
  • Gold and silver only; not right for anyone looking for platinum or palladium.

Can I trust Augusta Precious Metals?

A straightforward answer on trust is best. Yes, you can trust Augusta Precious Metals. We should note here that that doesn’t mean they can predict the future. In fact, they’ll be the first people to tell you that. And that transparency is part of why you can trust Augusta.

We found three key areas where Augusta can earn and keep your trust. Those areas are their honesty, their commitment to education, and their sterling reputation.

Honesty

Many Gold and Silver IRA companies promise the world. They show you a video of someone walking down a hallway with a million dollars in gold ingots, and they tell you that if you invest with them, this too can be yours.

Augusta starts off with why gold might not be the best thing for you. Because they’re looking for the best investment partners for their long term portfolio, they only want people who understand the risks and benefits of a Gold IRA, and are aware of all the market ups and downs.

Education

Part of being honest is educating their consumers. At Augusta, they have a dedicated Director of Education. His name is Devlyn Steele, and he is a member of several boards in Silicon Valley.

In addition, he is a member of Harvard Business School’s graduate analytics program, and he has a whole page on Augusta’s website introducing himself to new customers. He personally conducts meetings with new and prospective customers all about gold.

In these meetings, Devlyn is upfront and honest about why gold may or may not be right for you, and he shares his insights about Augusta and the gold market. We haven’t seen any other gold IRA company this focused on educating people who aren’t even customers, yet. 

Once you’re a customer with Augusta, the education never ends. They have newsletters and articles that keep you informed and engaged. This means you’re never in the dark, about your investments or the market.

Reputation

The last area that we found that earns our vote of confidence in Augusta is their reputation. They have an A+ rating from the Better Business Bureau, and they’ve been an accredited member of the BBB since 2015.

In addition to that, users on the BBB have given them an average of 4.97 out of 5, with no reviews below 4 stars. Consumer Affairs users have given them a perfect 5.0 out of 5. 

The reviews don’t stop there. Facebook, Google My Business, TrustLink, even Ethics.net have all given Augusta outstanding ratings. We didn’t see a single other company in the Gold and Silver IRA market with this kind of customer feedback. Augusta Precious Metals stands apart and alone, with no negative reviews we could find.

Augusta Precious Metals Fees

As a testament to how transparent they are at Augusta, we reached out to them with a cold call, and they quoted us direct pricing for their fees, with no strings attached. They didn’t ask for a phone number to give us a sales pitch later. They didn’t demand we give them our name or email address.

We called and asked what the prices were, they gave them to us. We haven’t found that kind of straightforward dialogue from any Gold IRA company, ever.

Here is a basic breakdown of prices and fees, per Mike in customer service.

  • Start-Up: There is a one-time $50 application fee. This includes getting paperwork filed and set up, as well as making sure that gold investing is right for you.
  • Custodial Fees: Many Gold IRA companies don’t even tell you about these. Augusta charges $250 a year for custodial fees, and $100 a year after that.
  • Shipping and Storage: With a qualifying purchase, this is free. Another hidden expense that other Gold IRA companies don’t mention, Augusta will cover the costs of transporting and insuring your gold during transport on qualified orders.
  • Bid and Spread: One of the other hidden secrets of Gold IRA companies is that they don’t disclose how much the actual seller of the gold is asking for. They simply take your money and hand you an amount of gold back. With Augusta, they keep you informed, in real time, as the current bidding and asking amounts, so you always know the spread.

Services provided by Augusta Precious Metals

Augusta has made gold and silver investing their passion. Because of that, they’ve found other ways to offer service to anyone interested in those two precious metals.

Here’s a survey of the main services offered by Augusta.

Gold and Silver IRA

Augusta has made a name for themselves by having the absolute best Gold and Silver IRA options out there. They will help you from the beginning, from before the beginning, by helping educate you about the best and even the worst reasons to invest in gold.

They can help you decide how much of a hedge on inflation it could offer your assets, and even help you file 95% of the paperwork necessary to diversify some of your portfolio into gold.

In addition to helping you set up the IRA, they are also a liaison between you and the custodian who will actually house and secure your gold. This means that you can have as much or as little involvement with your physical assets as you wish.

Cash Purchases

For some of us looking to invest in Gold or Silver, we don’t want or need to use the IRA system. Perhaps you don’t need to worry about purchasing gold as part of a retirement account, or you want to have physical possession of your gold. In that case, Augusta is not only still the option for you, but probably the best option for you.

They will help you make a cash transfer, then set you up with gold and silver buying options that best suit your needs. Then they will arrange for safe, insured delivery to your address. Even the delivery driver won’t know what’s in your package. And the insurance they provide means your gold is protected by their policy until you actually take physical possession of it.

Then you will have the physical gold or silver you have invested in, to sell, invest, or store as you see fit.

Customer Service and Tools

No matter how you want to invest, Augusta Precious Metals keeps their agents and website working for you. Not only do they have a live market price ticker, they also keep an up-to-date library of videos, articles, and buillioin availability for gold and silver, so you know exactly what’s available and for how much.

Even before you’re a customer you can sign up for their webinar to learn as much as anyone out there about gold and silver IRAs. And after you’re a customer you get one on one access to agents, for life. You can reach someone at Augusta with any question, any time, about your investment or the market. 

Augusta Precious Metals has really taken their customer service to another level. You will have access to ongoing education, service, and an order desk so you never miss an opportunity, and never have a question go unanswered.

Conclusion

We have looked at several Gold and Silver IRA companies, and have looked at the pros and cons of precious metals IRAs for some time. And in all our research, one name kept coming up: Augusta Precious Metals.

Doing the research into the company, and even placing an informational call to their customer service, we found out why everyone has such great things to say about Augusta. Their prices are fair, but more importantly, they are transparent. They are dedicated to educating their consumers, and committed to mutual success.

We cannot make the decision for anyone about whether a gold or silver IRA is right for them. But if it is, or if you want to know more, we recommend Augusta Precious Metals.

FAQs

Where Will the Price of Gold Go?

No one can say for sure. In fact, one of the leading experts in gold is Devlyn Steele, Director of Education for Augusta, and even he can’t make guarantees. But one thing about Mr. Steele and everyone at Augusta, they will be honest with you, which we can’t say about everyone in the gold and silver game.

Will My Gold Be Safe With Augusta?

Yes. They offer insurance during transportation, and they have curated special relationships with custodians to help ensure the safety of your investment. Of course no one can guarantee against calamity, but Augusta has the highest reputation around.

How Do I Get Started?

We recommend calling Augusta directly at 1-800-700-1008. When we called, the representative was helpful, no pressure, and very informative.

Can I Roll My 401k Into a Gold IRA?

Yes, you can. And you can even do it without a penalty. The people at Augusta can help you with all of the paperwork needed.

Do I Need to Put My Full Retirement Into Gold?

No, and you probably don’t want to, either. One thing we liked about Augusta Precious Metals was their honesty and transparency. They can help you make the decision about what level of investment in gold or silver is right for you.

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