(This review was updated in August 2020)
Gold is one of the most reliable assets in the financial world. A prudent financial planner that’s preparing to sail through economic uncertainties would consider investing in gold for their IRA. Sadly, for many people looking to diversify their retirement investment with gold, there is often a lot of murky ground to navigate. Some gold companies out there even mislead customers to make purchases that do not benefit the investor. In this review of Augusta Precious Metals we will try to figure out whether or not this is a company you can trust?
About Augusta Precious Metals
Augusta Precious Metals is a full-service company that specializes in physical gold and silver. The services of this company include trading in gold and silver bullions, coins and IRA approved gold and silver. The company also offers shipment and storage services.
Augusta Precious Metals has unique selling points that possibly give them an edge over many other gold companies in the market:
▶ Customer service
From the company website, the family-owned business promises customers commitment and dedication to flawless service. They can supposedly help you protect your savings through a simplified and personable process of buying and selling gold/silver.
Augusta Precious Metals allegedly employs experienced gold and silver specialists that have amassed extensive knowledge in the industry. You might, therefore, expect a high level of professionalism and financial expertise when dealing with this company.
▶ Helping customers understand the brass tacks of gold IRA investments
Augusta Precious Metals supposedly focuses on building long term relationships with customers. You could, therefore, expect consistency of service and personalized attention. They might communicate proactively, handle paperwork, and do everything else promptly.
The company says that they work closely with their customers, and help them understand the details of trading in gold for IRA.
▶ Each customer is assigned an account manager
Augusta Precious Metals supposedly assigns a corps d’elite financial specialist to each of their customers. These specialists are highly trained in precious metals and the general global financial markets, so they say. You might, therefore, expect a wide product selection, competitive pricing, and simplified shipping.
▶ It’s a family run business with deep history
Augusta Precious Metals is owned and run by the Nuriani family that has been in business for more than 40 years. There is always some sense of assurance when dealing with a family operated a business. Further assurance is from the many years they have been dealing in physical gold and self-directed IRAs.
The Augusta Website
The company makes a significant effort in educating their customers, and everyone that wants to invest with them. The Augusta Precious Metals official website is a library of information that can get even a newbie gold investor on the same level as experienced gold buyers.
The Gold and Silver IRA section: This part of the site delves into the importance of investing in gold for your IRA account. Here you will also find information on self-directed IRA accounts. Lastly, they go ahead to describe the process of buying IRA gold with them.
Gold and Silver IRA FAQ: This section tackles most of the questions you might have about gold IRA and the process of buying, shipping, storage, and liquidation.
IRA Eligible Coins: It’s also a good thing that the company lists some of their IRA eligible coins. That is undoubtedly a sign of higher transparency compared to companies that would let customers unwittingly buy products that are not acceptable in an IRA account.
Products and Services
The company deals in many products, including gold and silver coins and bullion. Not all of them are acceptable in an IRA account. These products are listed on their site and include:
▶ Common Gold Bullion:
- Gold American Eagle
- Gold American Buffalo
- Gold Canadian Maple Leaf
- Austrian Philharmonic Gold
- South African Gold
- Gold bars
▶ Common Silver Bullion:
- American Silver Eagle
- Canadian Silver Maple Leaf
- Austrian Philharmonic Silver
- America the Beautiful coins
- Canadian Silver Blessings
- Silver bars
▶ Premium Gold:
- Royal Canadian Mint Gold Eagle
- Canadian Gold Gyrfalcon
- Canadian Gold White Falcon
- American Gold Eagle Proof
- American Gold Buffalo Proof
- Certified American Eagle
- Certified American Buffalo
▶ Premium Silver:
- Ben Franklin half a Dollar
- Royal Canadian Silver Eagle with Nest
- Canadian Silver Gyrfalcon
- Canadian Silver White Falcon
- 1964 JFK a half dollar
- John Kennedy Half Dollar
- Morgan Silver
- Walking Half Dollar Liberty
- Peace Dollar
- Silver Mercury dime
▶ IRA Eligible Coins:
- 2017 Royal Canadian Mint 1/4-oz Gold Eagle
- 2016 1/4-oz British £25 Gold Standard
- Gold American Eagle
- American Eagles and American Eagle Proofs
- American Buffalo
- Canadian Maple Leaf
- 2018 Royal Canadian Mint 1.25oz Silver Eagle with Nest
- 2016 Royal Canadian Mint 1/2 oz Silver Eagle
- Gold IRA Eligible American Eagle
- American Eagle and American Eagle Proofs
- Gold IRA Eligible Canadian Maple Leaf
- Canadian Maple Leaf
Augusta Precious Metals works with many custodians in administering their IRA precious metals, as required by the law. It’s a good thing then that this company can offer full IRA services through these custodians. The services include rollovers form 401K and other retirement accounts to self-directed IRA accounts.
The IRA custodians you can get with Augusta Precious Metals include:
- Equity Trust
- Goldstar Trust
- Kingdom Trust
These custodians operate nationally and have a long-time experience in the management self-directed IRAs. Additionally, the gold broker promises seamless coordination with these custodians to your advantage.
Precious Metals Storage
After buying precious metals for your IRA account, the biggest challenge for most investors is always storage. Where do you safely store your wealth? Augusta Precious Metals offers storage solutions to its customers. These include the Delaware Depository and other non-government storage facilities in several US cities.
Unlike most other precious metal companies, Augusta Precious Metals lists prices for all their products. The company also has a Market News section on their site. From here, you can stay up to date with the financial markets and issues that affect the price of precious metals.
Augusta Ratings on Consumer Review Sites
Augusta Precious metals have an A+ rating on Better Business Bureau, 5 Stars on TrustLink and AAA on Consumer Alliance. These high ratings on the business review sites could be a sign of the company’s trustable and quality services.
The Bottom Line
Augusta Precious Metals appears to be a legit and reliable gold company for IRA account investors. Their transparency, reputation and expertise makes this company a good choice and qualify them for our top 10 gold IRA company list.