Augusta Precious Metals Review
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If you’re in search of a reliable precious metals provider, the vast amount of options available can be overwhelming. However, Augusta Precious Metals stands out as a top contender in the industry. With a proven track record of exceptional service and high-quality products, Augusta Precious Metals is certainly a company worth considering.
While we cannot make the final decision for you, we can provide valuable insights to aid in your selection process. Read on to learn more about why Augusta Precious Metals should be on your radar.
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- They have received over 1,000 5-star ratings online
- They safeguard over $1 billion in retirement savings
- They have earned an AAA customer rating
- They have an A+ rating with BBB
- They have won Inc 500 award 5 times
- They were named the 2021 company of the year.
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About Augusta Precious Metals
Augusta Precious Metals has built a solid reputation in the industry as a trusted provider of precious metals. Founded in 2012, the company aims to make investing in gold and silver simple and transparent for all investors, regardless of experience level.
At the core of Augusta Precious Metals’ values are simplicity, transparency, and service. The company prioritizes these values to ensure that each customer’s investment needs are met with personalized attention and care. This approach has earned Augusta Precious Metals high praise from customers, as evidenced by their positive reviews on Trustpilot and Google.
In addition to customer reviews, Augusta Precious Metals has also earned top ratings from industry review organizations. The Better Business Bureau has awarded them an A+ rating, and the Business Consumer Alliance has given them a AAA rating, the highest possible ratings available. These accolades demonstrate Augusta Precious Metals’ commitment to providing exceptional service and expertise in the precious metals market.
Why use Augusta when investing in Precious Metals?
Investing in precious metals can also provide a hedge against inflation and currency devaluation. As the value of paper currency declines, the value of precious metals often increases. Additionally, owning physical gold and silver allows you to have tangible assets that can be stored securely and accessed easily when needed. These metals can also serve as a safe haven during times of economic or political instability, providing a sense of security and peace of mind. Finally, investing in precious metals can be a way to pass down wealth to future generations, as they have been valued for centuries and are likely to continue being a valuable asset in the future.
Opening a Precious Metals IRA with Augusta Precious Metals is a straightforward process that offers many benefits. Precious Metals IRAs, also known as Gold IRAs or Silver IRAs, are Self-Directed IRAs that give individuals more options regarding the assets they can hold in their retirement account. By choosing to invest in alternative assets like gold and silver, individuals can enjoy the investment potential of these precious metals in their retirement account.
Investing in gold and silver has many benefits, including diversifying your portfolio and protecting against stock market volatility. Additionally, gold and silver have a history of being a good investment, and they can provide quick cash if sold. As new uses and applications for these metals are discovered, their value may continue to increase.
Having a Precious Metals IRA also offers tax benefits that traditional IRA holders receive. This can help you maximize your total earnings and financial prospects when you retire.
Augusta Precious Metals specializes in helping customers set up Precious Metals IRAs. Their account representatives are available to guide you through the process, complete the necessary paperwork, and help you select the right gold and silver coins and bars that align with your financial objectives. Once your account is set up, you can continue making yearly contributions to help its value grow.
It’s important to remember that the contribution limits for Gold IRAs are the same as traditional IRAs. Individuals under 50 can contribute up to $6,000 per year, while those over 50 can contribute up to $7,000 per year, across all IRA account types. If you have a different IRA, you’ll need to split the total contributions between the two accounts to avoid any fees or penalties.
IRA Rollovers and Transfers
Augusta Precious Metals strives to make the process of rolling over or transferring an existing IRA as user-friendly as possible. The first step is to confirm if your current IRA is eligible for a rollover. If you are unsure about your specific account, you can contact Augusta Precious Metals for assistance.
Once it has been determined that your account is eligible for a rollover, an Augusta Precious Metals representative will work with you and an IRA custodian to initiate the transfer of funds from your current account. While Augusta Precious Metals works with custodian companies such as GoldStar Trust and Equity Trust, they can also work with your preferred custodian company.
Throughout the entire transfer process, Augusta Precious Metals aims to offer comprehensive support. The team is readily available to address any inquiries or concerns you may have, ensuring a smooth and hassle-free experience.
IRA-Approved Gold and Silver Coins
The IRS has established specific guidelines regarding the types of precious metals that are permitted in Gold or Silver IRA accounts. These guidelines require that coins and bars meet minimum purity levels, without which they are ineligible for holding in a retirement account.
For gold, the Gold American Eagle Coin is the only exception to the rule, and all other gold coins and bars must have a minimum purity level of 99.5%. Meanwhile, for silver, coins and bars must have a minimum purity level of 99.9%.
Despite these strict minimum requirements, Augusta Precious Metals offers a diverse selection of IRA-approved coins and bars that you can add to your investment portfolio. Some of the options available include:
Gold
Silver
IRA Precious Metals Storage
Setting up a Gold IRA requires storing precious metals in an IRS-approved depository, not at home or in a personal bank vault. In most cases, individuals cannot act as their own custodian for their precious metals, as per IRS regulations. Augusta Precious Metals works with the Delaware Depository, a highly trusted depository with excellent security measures.
The Delaware Depository is located in an area that is easily accessible but not too close to major political or financial sectors, or areas prone to natural disasters. It boasts secure vaults, multiple security personnel, and various high-tech security features to protect your investment. Furthermore, the precious metals stored at the Delaware Depository are fully insured by an all-risk insurance policy worth $1 billion from Lloyd’s of London, providing you with additional peace of mind. When you reach retirement age and begin taking disbursements from your account, you can rest assured that your precious metals will be safe and secure. Augusta Precious Metals offers a range of IRA-approved precious metals, including coins and bars, that you can select from to diversify your portfolio.
Ways To Invest In Gold & Silver
In case you want to invest in gold or silver for personal purposes, Augusta Precious Metals can assist you with that as well. They have a range of options for their investors, including common gold bullion, premium gold, common silver bullion, and premium silver.
You can select from several coins and bars available for purchase, some of which are listed below.
Common Gold Bullion
Premium Gold
Common Silver Bullion
Premium Silver
Worry Free Shipping
All orders placed with Augusta Precious Metals ship for free. Beyond the free shipping, Augusta Precious Metals also protects your precious metals when they are in transit with included insurance. This free transit insurance should help you rest easy knowing that you won’t be liable should anything happen to your precious metals when they are on their way to you.
To get you your gold and silver in a timely fashion, Augusta Precious Metals processes orders quickly. The box that your metals are shipped in is unmarked to add an extra layer of privacy and security.
Augusta Precious Metals, founded in 2012, has received an A+ rating from the Better Business Bureau and a Triple A rating from the Business Consumer Alliance. Previous customers have highly praised their interactions with Augusta Precious Metals. The team at Augusta Precious Metals provides assistance with IRA account set-up and can guide you in selecting the best metals to add to your account. For storage, Augusta Precious Metals collaborates with the highly secure Delaware Depository to store precious metals for Gold and Silver IRAs. Additionally, Augusta Precious Metals offers a diverse selection of common gold bullion, premium gold, common silver bullion, and premium silver for personal investments. Every precious metals order is shipped for free and includes free transit insurance to protect you against loss, theft, or damage.
Pros
- Augusta Precious Metals has established a stellar reputation with the Better Business Bureau, Business Consumer Alliance, and its satisfied clientele.
- Free shipping and transit insurance are included with all precious metals orders.
- Augusta Precious Metals provides a wide variety of coins and bars for individuals interested in making a personal investment in gold or silver.
Cons
- Some other precious metals providers offer a wider selection of IRA-approved gold and silver coins and bars.
Conclusion
After reviewing all the information we have provided, have you decided whether or not Augusta Precious Metals is the right provider for your precious metals needs? We believe that Augusta Precious Metals is definitely one of the top choices available and you are likely to have a positive experience working with them. Ultimately, the decision is up to you, but we hope our review has been helpful in guiding you towards making an informed choice.
Before you go, get your FREE Gold IRA Guide
Learning about the potential tax benefits and the role of precious metals in protecting retirement savings is crucial, even if you’re not currently considering investing in them. This knowledge can be valuable and may safeguard a significant portion of your assets. The good news is that this education is available for free.