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Augusta Precious Metals is a Casper, Wyoming gold and silver IRA company specializing in helping Americans protect their savings with precious metals IRAs.
After reviewing all of the big players in this growing gold IRA market, we've placed Augusta Precious Metals at the top of our recommended list for 2023.
Why? Augusta seems to genuinely care about their customer's success. Their celebrity sponsors - including Joe Montana, Mark Levin, and Judge Jeanine Pirro - will attest to this.
Augusta Precious Metals
Augusta Precious Metals offers competitive pricing (plus zero fees for up to 10 years, everyone qualifies), and a unique, free one-on-one web conference we couldn't find anywhere else. They give you free gold when you learn about gold IRAs - you don't even have to be a customer.
There is no purchase required. Your free coin (1/10 oz, 99.5% pure) is shipped directly to your door at no cost. Click here to get your free guide and learn how to protect your retirement.
In this Augusta Precious Metals review, we take a look at the company's history, reputation, services, customer reviews, fees, and more.
Free Gold IRA Guide
Diversify your 401(k) or IRA with physical gold and silver. Request your free Augusta Precious Metals guide...
Augusta Precious Metals was launched in 2012 by founder and CEO Isaac Nuriani. The CEO started this firm with the goal of helping retirees diversify savings in ways not typically made available through traditional retirement plans.
From the beginning, the company made a commitment to transparency, integrity, competitive pricing, education, and streamlined customer care. They are obviously doing a good job - they almost exclusively have 5-star ratings from both customers and review websites.
Nuriani has a degree in economics from the University of Los Angeles, and is a member of both Ethics.net and the Industry Council for Tangible Assets (ICTA). According to him, this company is unique especially due to its personal approach in educating customers about precious metals and its dedication to "lifetime account service."
The company brought on Devlyn Steele as on-staff Harvard-trained economic analyst and director of education. With more than thirty years experience in the financial services field, Steele leads a team implementing unique educational materials to share economic and process information some companies keep from retirement savers because they don't sell precious metals.
One of their most important educational resources is the "Ultimate Guide to Gold IRAs." Not only will this guide teach you everything you need to know about gold IRAs, they'll even give you a free gold coin just to learn.
While we have a few gold IRA dealers that we like and promote on our site - this personalized approach stands out above their competitors.
Celebrity Customer and Paid Ambassador Joe Montana
In 2021, NFL hall of fame quarterback Joe Montana joined the Augusta Precious Metals team as their celebrity ambassador. What's unique here is that Joe Montana approached Augusta Precious Metals as a potential customer who dialed into the web conference without sharing his identity.
Joe Montana was interested in diversifying his retirement savings into physical precious metals, because that's where his financial team said he should protect his retirement money.
Montana asked his team to research gold companies and find a company he can trust. The team suggested Augusta Precious Metals over other companies and this led to the "Ultimate Guide to Gold IRAs." That's when Joe Montana decided to buy gold and silver with Augusta Precious Metals for his own IRA.
Related: Request Your Ultimate Guide to Gold IRAs with Augusta Precious Metals - and get a free gold coin!
Free Gold IRA Guide
Diversify your 401(k) or IRA with physical gold and silver. Request your free Augusta Precious Metals guide.
Company Products and Services
Augusta Precious Metals' business is almost exclusively in opening gold and silver IRAs. Many conservative savers in the U.S. want to move a small portion of their retirement out of their 401(k) or IRA and buy physical gold.
This is what the company does with new customers every day. While headquartered in Wyoming, with a satellite office in California, the company does most of their business over the phone and internet with a fast-growing customer base located across all 50 states.
Outside of gold and silver IRAs, Augusta Precious Metals will also handle direct delivery of precious metals bars and coins. The company offers free shipping - as well as liability insurance for all shipments.
The company website shows a wide selection of:
- gold & silver bullion bars
- gold & silver bullion coins
- premium gold & silver coins
Some popular gold IRA eligible bars and coins include:
- Gold & Silver American Eagles (bullion or proof)
- Gold American Buffalos
- Gold & Silver Canadian Maple Leafs
- Gold Canadian Eagles
- Australian Striped Marlins
- and more...
This is not an exhaustive list. The company can source bullion and premium coins from all of the major Mints at the time of this writing. Please reach out to Augusta Precious Metals if you have questions about a specific bar or coin.
Augusta Precious Metals: 877-580-2357
Augusta Precious Metals review - inside look at the #GoldIRA company's history, ratings, complaints, fees, and more...
Gold IRA Fees
There are typically three parties involved with opening a new gold IRA account:
- the self-directed IRA custodian
- the third party vault storage depository
- the gold IRA company
If this sounds complicated, it's really not. Especially when you choose a company like Augusta Precious Metals that has focused on establishing a well-oiled process. A gold IRA company like Augusta Precious Metals can walk you through each step of the process quickly and smoothly.
They will help you make the process simple, stress-free, and most importantly - set up in compliance with the IRS. Augusta Precious Metals also insists on making every step and every bit of information transparent, so you know exactly what is going on and when.
You'll have a one-time setup fee and annual charges for the custodian and storage, but Augusta Precious Metals covers up to 10 years of fees (everyone qualifies).
It's a self-directed IRA, so there are no hidden management fees other than usual storage and custodial fees.
Augusta Precious Metals still provides service to you for the "lifetime of your account." The company earns its money through a competitive markup on your IRA-eligible bullion products.
Related: Goldco Precious Metals Review - Company Background, Ratings, Online Complaints, and More...
Gold IRA Custodian
Your current 401(k) or other retirement account is held with a custodian. The problem is that most 401(k) custodians don't allow you to diversify with physical gold and silver. If you want to diversify your savings, you need to open a self-directed IRA (SDIRA) that allows for the purchase of gold and silver.
Augusta Precious Metals works closely with Equity Trust as their preferred SDIRA custodian. If you choose to open a gold IRA with Augusta Precious Metals, your account representative will:
- contact your current custodian with you
- help you fill out the paperwork for Equity Trust
- facilitate the rollover or transfer of funds from your old custodian to your new SDIRA
- assist in selecting and buying gold and silver for your new self-directed IRA account
Note: Equity Trust is a popular, low cost SDIRA custodian preferred by many of the top gold IRA dealers. The gold dealer does not make a profit from custodial fees. These costs are paid directly to the custodian.
So what are the custodial fees? Equity Trust charges:
- $50 to set up a new account
- $100 annually to maintain the retirement account.
Related: Request Your Free Gold IRA Guide from Augusta Precious Metals
Free Gold IRA Guide
Diversify your IRA with physical gold and silver. Request your free guide and see why so many Americans choose Augusta Precious Metals...
Gold IRA Storage
In order to keep the IRS happy, your gold and silver has to go directly from the gold dealer to an accepted gold IRA storage facility. Augusta Precious Metals' preferred vault storage depository is the Delaware Depository, but can offer other options across the U.S as well.
Most gold IRA customers tend to choose the facility closest to their home. Between Delaware Depository and other partner depositories, Augusta Precious Metals offers a wide selection of locations across the U.S. to choose from.
Augusta Precious Metals offers both commingled and segregated vault storage. Annual storage fees vary depending on the option you choose.
- commingled storage: $100 annually
- segregated storage: $150 annually
Note: Fees are often competitive between the different gold IRA companies. Always ask if the company is running any promotional offers. A special offer might be enough of an incentive to choose one company over another. Augusta Precious Metals offers an excellent incentive: up to 10 years of zero fees, depending on the size of your account. They encourage you to ask how many years you qualify for.
Related: Request your free one-on-one web conference with Augusta Precious Metals
Reviews, Ratings, and Customer Complaints
You'll want to research any gold IRA company before trusting them with your retirement. This is where Augusta Precious Metals shines. The company has an A+ rating with the BBB and a AAA rating with the BCA, which are probably the most common and most trusted websites for these companies. Not all companies can boast perfect scores with both. Augusta was also named Money Magazine's "Best Overall Gold IRA Company" for both 2022 and 2023, as well as Investopedia's "Most Transparent."
So how do you vet a precious metals company?
We've done this by curating the company's reviews from independent third-party sites. Actual customers can visit sites like the Better Business Bureau or TrustLink and leave their feedback, reviews, and complaints about any company. Sifting through such websites can give you an idea of how reputable a business is in their dealings.
- Better Business Bureau: A+ Rating (highest rating) with 4.95/5 stars based on 120 customer reviews.
- Business Consumer Alliance: AAA (highest rating) with 5/5 stars based on 96 reviews.
- TrustLink: 5/5 star rating based on 284 reviews.
- Facebook: 5/5 based on 125 reviews.
- Yelp: 4.5/5 based on four reviews.
- Google Reviews: 4.9/5 rating based on 341 reviews.
- Rated "Best Overall" gold IRA company by Money Magazine in 2022 and 2023
Below: Review by Herbert Campbell - an actual customer of Augusta Precious Metals. Mr. Campbell has an interesting story and opinion of Augusta and the company's trustworthiness. Click here to visit Augusta's website and request your free guide today.
*Past customers received silver coins as a thank-you for reviews.
Free Gold IRA Guide
Diversify your 401(k) or IRA with physical gold and silver. Request your free guide and see why so many Americans choose Augusta Precious Metals...
Augusta Precious Metals Review: What We Like
So how does Augusta Precious Metals stack up against the competition? We really like Augusta Precious Metals' personalized approach to connecting with customers. Many of these companies have similar processes and systems that make opening a gold IRA simple and easy.
But Augusta's offer of a free gold coin just to learn about gold IRAs really stands out - as does its commitment to providing service after the transaction for the whole lifetime of your account.
We also like that the company is highly rated with the BBB, BCA, Trustlink, and other sites that report Augusta Precious Metals reviews. The company has been in business for over a decade now, they've aligned themselves with a reputable company spokesman, and have a track record of customers walking away happy.
The company also has a simple buyback program. If and when you're ready to sell your metals, Augusta Precious Metals is willing to buy back your gold and silver at a competitive price (even if it can't guarantee it by law). The company says it has never turned down a buyback request. Customers have the option of selling to any buyer, but know that as a customer, you have the option to sell back to Augusta Precious Metals if and when needed.
Due to the reasons above, we felt good enough to put Augusta Precious Metals at the very top of our list of gold IRA dealers that we recommend to our readers for 2023.
Criticism: What We Do Not Like About the Gold Firm
No review is complete without some criticism.
We don't like the fact that the minimum a customer can invest in precious metals is $50,000. This allows them to maintain their impressive red-carpet service, but whether you're opening a gold IRA, or looking to have gold coins delivered to your home, this minimum investment is out of reach for some Americans.
Related: Retirement Savings By Age - Are You On Track?
If you're looking to open a gold IRA and can't meet this $50,000 minimum, there are other gold IRA companies that are able to facilitate your gold IRA with an account as low as $10,000.
If you are in fact investing $50,000 or more in a gold IRA, you can request your Augusta Precious Metals guide here.
Augusta Precious Metals Review
If you're vetting gold IRA companies, know that it's a competitive field. It seems that every day a new gold "specialist" is opening their doors to new retirement savers. It is our pleasure to have done some of the legwork for you by comparing these companies and coming up with a list of our top recommendations. Augusta is at the top of this list. Request your guide from Augusta Precious Metals.
This is an opportunity for you to ask lots of questions and get everything in writing. Take your time getting to know the representatives from the company and examining every aspect of their service. In this case, we feel confident that Augusta Precious Metals will treat you right and stick with you throughout the transaction with good service, information, and products.