If you’re looking to invest in precious metals, one company that you may have come across is Augusta Precious Metals. In this review, we will take an in-depth look at the company and its services so that you can make an informed decision about whether it is the right choice for you.
About Augusta Precious Metals
Augusta Precious Metals was founded by Isaac Nuriani in 2012 with the goal of providing customers with a safe and secure way to invest in precious metals. The company is headquartered in Beverly Hills, California and has an A+ rating from the Better Business Bureau.
Products Offered by Augusta Precious Metals
Augusta Precious Metals offers a range of products that investors can choose from. These include:
Gold and Silver Coins
Augusta Precious Metals offers American Eagle coins, Canadian Maple Leaf coins, and other popular gold and silver coins.
Gold and Silver Bars
Investors can purchase gold bars ranging from 1 oz to 10 oz as well as silver bars ranging from 1 oz to 100 oz.
Augusta Precious Metals also offers IRA accounts that allow customers to invest their retirement savings in precious metals.
Prices and Fees
The prices of Augusta’s products are based on current market conditions. The company charges a small premium above spot price for most of its products.
In terms of fees, Augusta charges an annual custodian fee for its IRA accounts, which varies depending on the size of the account. There are also fees associated with buying and selling precious metals through Augusta. These fees are generally lower than those charged by other companies in the industry.
One area where Augusta stands out is customer service. The company assigns each customer a personal account executive who can answer any questions they may have about investing in precious metals. The executives are knowledgeable about the industry and can provide valuable advice to customers.
Augusta also has a customer service team that is available by phone or email. Customers can get in touch with the team at any time if they have questions or concerns.
When it comes to trustworthiness, Augusta has an excellent reputation. The company has an A+ rating from the Better Business Bureau and maintains high standards of transparency and integrity. Augusta also provides customers with a buyback program, which allows them to sell their precious metals back to the company at current market value.
Pros and Cons of Augusta Precious Metals
- Excellent customer service
- High levels of transparency and integrity
- Wide range of products
- IRA accounts available for retirement savings
- Lower fees than many other companies in the industry
- Prices are based on current market conditions, making them subject to fluctuations
- Annual custodian fees for IRA accounts may be higher than some investors are comfortable paying
All in all, Augusta Precious Metals is a solid choice for investors looking to add precious metals to their portfolios. The company’s wide range of products, excellent customer service, and commitment to transparency make it a reliable option in the industry. However, it is important for investors to carefully consider the annual custodian fees associated with Augusta’s IRA accounts before making a decision.
What is Augusta Precious Metals?
Augusta Precious Metals is a trusted provider of physical gold and silver for people who want to add precious metals to their investment portfolio.
Why should I choose Augusta Precious Metals?
Augusta Precious Metals offers competitive prices, excellent customer service, and a wide range of gold and silver options. Plus, they have an A+ rating from the Better Business Bureau.
How does investing in precious metals work with Augusta?
When you invest in precious metals with Augusta, you can choose from a variety of products like gold coins, silver bars or rounds. You will own the physical metal, which can be shipped directly to you or stored in an IRA-approved depository.
Are there any fees associated with investing in precious metals with Augusta?
Yes, there are some fees associated with investing in precious metals through Augusta, but they are transparent and straightforward. The fees cover things like handling, shipping and insurance.
How can I sell my precious metals if I invest with Augusta?
If you need to sell your precious metals at any time after buying through Augusta, simply contact them to initiate the sale process. They provide fair market value for your metal and ensure a smooth transaction every time.
Are there any tax implications when investing in precious metals through Augusta?
Yes, investing in precious metals can have tax implications depending on how you store your metal. It is important to consult with a tax professional to understand the rules around buying and selling physical gold and silver for investment purposes.
What kind of customer support does August offer its clients?
August has a dedicated team of experienced professionals who are available to answer all questions related to buying or selling of physical gold or silver during operating hours on weekdays via phone, email or chat.
What is the minimum amount of precious metal investment required by Augusta?
There isn’t a specific minimum amount to invest with Augusta, but they recommend investing at least $5,000 in order to take advantage of their low rates and avoid high shipping and handling fees on small orders.
How long does it take to receive my purchased precious metals from Augusta?
The delivery time for your purchased precious metals depends on several factors, such as product availability, shipping location or type of shipment. However, Augusta strives to get all orders shipped within 10 days of cleared funds being received.
Can I rollover my retirement account into gold or silver through Augusta?
Yes, Augusta offers IRA-approved physical gold and silver products that can be used to rollover an existing IRA or 401(k). It’s advisable to speak with a tax professional before making any decisions regarding your retirement accounts.