Updated July 24, 2023

Augusta Precious Metals Review

By Jeremy Harshman
Read more about Augusta Precious Metals
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Augusta Precious Metals is a trusted gold and silver IRA provider. But is the high account minimum right for you? Read the full review.

Augusta Precious Metals
Free Ultimate Guide to Gold IRAs

Overall Score

4.4

Minimum Deposit

3.0

Gold IRA

4.5

Customer Service

5.0

Fees

4.5

Safety

5.0
5-point scale (the higher, the better)

Pros and Cons

  • Account lifetime support
  • Priority on education
  • A+ BBB rating
  • $50,000 minimum

Bottom Line

Gold IRA specialist known for superior customer service

Thinking about investing in gold for your retirement? You've probably come across Augusta Precious Metals. It's one of the most reputable gold IRA companies.

Not only is it endorsed by Joe Montana, it's also one of the only gold IRA companies with no negative complaints on the BBB.

Should you trust them with your retirement savings?

Here's a detailed review of Augusta Precious Metals. Read on to learn the pros, cons, what sets them apart, and if there's a better gold IRA provider.

What Is Augusta Precious Metals?

Augusta Precious Metals is a gold IRA provider that lets you invest in physical gold and other precious metals. Since its founding in 2012 by CEO Isaac Nuriani, it has become a leader in gold and silver IRAs.

Augusta Precious Metals offers:

  • IRA-compliant precious metals
  • Direct purchase of gold and silver
  • Gold storage in an IRS-compliant depository
  • Account lifetime support from professionals

They stand by 3 commitments to customers: transparency, simplicity, and top-notch service. Augusta Precious Metals stays with you every step of the way — from education to withdrawals.

To open a gold IRA, the account minimum is $50,000, which is higher than many competitors. But if you have the money, they have lower annual fees than some other companies.

Who Augusta Precious Metals is Best For

Augusta Precious Metals may be the right gold IRA company for you if you:

  • Are still undecided and want to learn about investing in gold before taking the leap
  • Want to be guided through every step
  • Have at least $50,000 to rollover or invest

If you only want to invest a small amount into gold instead, check at Goldco. They only require a $25,000 minimum investment.[1]

Pros & Cons

Pros:

  • Prioritizes on educating customers
  • Helps you with paperwork to open IRA
  • Account lifetime support from Augusta professionals
  • Can get zero fees for up to 10 years
  • A+ BBB rating

Cons:

  • $50,000 minimum

What Makes Augusta Precious Metals Stand Out

When it comes to choosing a gold IRA company, it's important to find someone you can trust with your financial future. And that's exactly what Augusta Precious Metals does.

Here are 3 reasons that set Augusta Precious Metals apart.

1. Education Comes First

Investing your savings in gold can be scary, but Augusta Precious Metals takes the fear out of the equation. They believe in educating their customers and taking the time to understand your goals. So you don't rush into any big decisions.

Augusta's commitment to education starts before you even sign up. You'll receive the "Ultimate Guide to Gold IRAs" and, more importantly, a private video chat to teach you about investing in gold, the risks and rewards, and scams to avoid.

And it doesn't stop there. The team will answer all your questions until you feel confident in the decision. There's never any pressure to open an account.

So if you're still on the fence, take your time to learn about gold IRAs first.

2. Account Lifetime Support

Once you're an Augusta Precious Metals customer, you get lifetime support from their entire team of gold professionals.

You get a dedicated agent, who'll be your go-to person for whatever needs you may have. They'll connect you to other specialists who'll help with:

  • Education about gold and market updates
  • Adding more gold to your IRA
  • Managing distributions during retirement
  • Building a legacy for your family
  • Selling back your precious metals

Augusta Precious Metals doesn't just sell you gold and then leave you on your own. They're committed to being your long-term partner through your entire journey.

3. Excellent Customer Reviews

Augusta Precious Metals averages 4.95 out of 5 stars based on over 930 customer reviews. It has hundreds of glowing 5-star reviews from:

Overall, customers say that the Augusta Precious Metals team made them feel valued and never pressured them to buy. The agents go above and beyond to answer questions and guide them through the process.

Customers also really enjoyed their one-on-one webinar. They say it was very informative to help them decide if a precious metals IRA is right for them.

Augusta Precious Metals is the gold IRA that star quarterback Joe Montana personally uses. It's also endorsed by Mark Levin and Judge Jeanine Pirro.

But don't just take their word for it. Read reviews from real, everyday customers, like:

"Augusta Precious Metals is extremely helpful as you navigate the metal IRA industry. I appreciate their patience with all of my questions and concerns. Very customer oriented, do not pressure you to move faster than you want. Always kept in touch as I went through the process, again very patient with questions. Easy to work with, and deliver in good timing."
- Mitzi B (on BBB)

"I really learned a lot from our conversations with Augusta Precious Metals. They really explained to us the economics of gold and silver and how the world around affects pricing, etc. Very very thorough, informative and it was not a high pressure sales situation at all."
- Sharilyn V (on Trustlink)

"Augusta Precious Metals provided a solid performance. I didn't expect this level of conversation in terms of honesty and human-ness. They answered questions that had been just beyond my ability to put into words. I feel that I will still be in control of my wealth."
- Pamela P (on Google Reviews)

Augusta Precious Metals is actually one of the only gold IRA companies with almost exclusively good reviews. It has no 1-star reviews.

How to Get Started With Augusta Precious Metals

Augusta Precious Metals makes it easy to open an IRA account. They've streamlined the process so it's as simple as possible:

  1. Learn about gold IRAs in your free web conference.
  2. When you're ready, you'll open your self-directed IRA account. Augusta Precious Metals works with Equity Trust.
  3. Fund your account. They'll even do most of the paperwork for you to roll over your existing retirement account.
  4. Augusta Precious Metals' Order Desk will help you purchase coins from a list of IRA-compliant coins.
  5. Your precious metals will be sent to an IRS-approved secure depository.

Even if you know nothing about transfer paperwork or purchasing coins, don't worry. Augusta Precious Metals holds your hand through the entire process.

Keep reading to learn more about their services in detail.

Minimum, Pricing, and Fees

Augusta Precious Metals has a $50,000 account minimum.[2] This is higher than other gold IRA competitors. But if you're rolling over funds from a 401k or IRA, $50k is probably not a big deal.

Augusta Precious Metals' fees are:[3]

  • One-time set up fee: $50
  • Annual custodian fee: $100
  • Annual depository fee: $100

In total, you'll pay $250 for the first year. After that, the fee is $200 each year. There are no hidden management fees, shipping fees, or insurance fees.

Augusta Precious Metals also charges a margin when you purchase precious metals. The margin is different for each product. Their markup for Common Bullion Products are pretty standard to what you'd find with most gold IRA companies.

Overall, Augusta Precious Metals' fees are similar to or even lower than their competitors. We'll go over some at the end of the review.

What Products and Services Does Augusta Precious Metals Offer?

Now that you have a better idea of what Augusta Precious Metals is, let's take a deeper look at their products and services, including.

  • IRA gold and silver coins
  • Precious metals storage
  • Gold buyback

Now let's dive in.

Physical Gold & Silver IRA

The physical gold and silver IRA from Augusta Precious Metals is their primary offering. It allows retirement savers with over $50,000 to invest in gold and silver as a part of their tax-advantaged retirement account.

Augusta Precious Metals' preferred custodian is Equity Trust. They're a self-directed IRA provider with over 50 years of experience. They serve customers in all 50 states and hold over $39 billion in assets.

Augusta will serve as your liaison to Equity Trust. Of course, you have access to them anytime you want. And you have full control over your investments.

Your gold and other precious metals are stored with the IRS-compliant Delaware Depository, the exchange-approved depository for CME (Chicago Mercantile Exchange) and ICE (Intercontinental Exchange).

In addition to the depository's physical security, your gold and silver will be protected by $1 billion all-risk insurance provided by London underwriters.

The Augusta physical gold and silver IRA is one of the best on the market, as you can see in the comparison with their competitors below.

IRA-Eligible Gold and Silver Coins

The IRS has strict requirements for what kind of bullion and coins you can invest in for an IRA account.

Per regulations, all gold coins in a precious metals IRA must be 99.5% pure (the exception is the American Gold Eagle coin, which is 91.67% pure). Silver coins in an IRA must be 99.9% pure.

Augusta Precious Metals offers a range of IRA-Eligible coins and bullion, including:

  • American Gold Eagles
  • American Gold Eagle Proofs
  • Canadian Maple Leaves
  • Gold Canadian Eagles
  • Gold American Buffalo
  • Gold Australian Striped Marlin
  • American Silver Eagles
  • Canadian Silver Eagles
  • Canadian Silver Maple Leaf

Current pricing isn't listed, so you'll need to call Augusta Precious Metals to learn more.

Gold And Silver for Direct Purchases

In addition to buying gold and silver for your IRA, you can also purchase gold and silver bullion directly to store at home.

The gold and silver bullion you find at Augusta Precious Metals includes:

  • Gold American Eagle BU (1 oz, .5 oz, .25 oz, .10 oz)
  • Gold American Buffalo (1 oz BU)
  • South African Gold Krugerrand (1 oz)
  • Gold Bar (10 oz)
  • Gold Bar (1 oz)
  • American Eagle Silver (1 oz)
  • Silver Bar (100 oz)
  • Silver Bar (10 oz) and more

Like their gold and silver coins, bullion prices are unlisted. You'll need to call Augusta Precious Metals for the latest pricing.

Are precious metals still a good investment?
Precious metals like gold and silver have a low correlation with the stock market, so they can help reduce risk and hedge against inflation. It's generally a good idea to diversify your investment portfolio. You'll have to evaluate if gold lines up with your investment goals.

Gold Buyback

While you may not intend to sell your gold soon, there's always the chance your position changes and you want to make a quick sale.

Augusta Precious Metals can't guarantee that they will always buy back your gold. However, they have never turned down a request.

You can sell your gold on your own, of course. But that involves finding a buyer or local gold dealer, and searching for the best prices. With Augusta Precious Metals, you can have peace of mind knowing they could buy it back at competitive prices.

Is Augusta Precious Metals Safe and Secure?

When you're holding physical gold and silver in your retirement IRA account, you'll want to make sure it's secure.

Augusta Precious Metals has secured storage with Delaware Depository. This is an IRS-compliant depository that specializes in precious metals storage.

Your gold and silver are protected by a $1 billion all-risk insurance policy provided by London underwriters.

Augusta Precious Metals also has depositories around the US in the following cities:[4]
  • Los Angeles, California
  • Salt Lake City, Utah
  • Wilmington, Delaware
  • New Castle, Delaware
  • Nampa, Idaho
  • Las Vegas, Nevada
  • Shiner, Texas
  • Dallas, Texas
  • South Fargo, North Dakota
  • Bridgewater, Massachusetts
  • New York, NY.

You can even visit your storage facility to see your metals in person. Your custodian can arrange those visits.

Augusta Precious Metals vs. Competitors

Now that you've got a solid idea of what Augusta Precious Metals is and the services they offer, let's compare it to other precious metals IRA providers worth considering.

Here's how Augusta Precious Metals stands up to some of its top competitors: Goldco, Birch Gold Group, and Noble Gold.

Goldco

Let's start with some important stats. Goldco has a minimum investment of $25,000. Depending on the options you choose, Goldco could have a slightly higher annual fee than Augusta Precious Metals.

But if you make at least $50,000 investment, they offer 5% back in premium silver. And investments over $100,000 get additional 10% in silver.

Customers give Goldco similar reviews. Both companies are known for personalized service and excellent customer support.

One area Goldco stands out in is that they promise to buy back your gold at the highest price. This gives you more security knowing that you're not stuck with your gold and can sell it back at a good price.

Overall, you may save on fees by going with Augusta Precious Metals. But the extra cost may be worth choosing Goldco if you want to take advantage of the free silver promo.

Birch Gold Group

Birch Gold Group has the lowest minimum investment at $10,000. Their annual fee is $200.[5] And they waive fees in the first year for accounts over $50,000.

Just like Augusta Precious Metals, Birch Gold gets great reviews from customers.

You get a dedicated specialist for the entire life of your account with Birch. This specialist will understand your financial needs and goals, and can give personalized advice to help you best reach your goals.

Both gold IRA companies offer great service. But the $10,000 minimum for Birch Gold Group is more attainable for smaller investors than the $50,000 required by Augusta Precious Metals.

Noble Gold

Noble Gold Investments has a minimum investment of only $20,000. Their setup fee is $80 and you'll also pay a $150 annual fee if you store in Texas or Delaware.[6]

Noble Gold takes security and trust seriously. They'll even take photo proof of your gold in the depository (for free!).

They have a "no hard sell" policy and a "no-questions-asked" buy-back program.

With a lower minimum investment of $20,000, Noble Gold is a good alternative to Augusta Precious Metals if you don't want to invest $50,000 in gold right away.

Augusta Precious Metals FAQs

Is Augusta Precious Metals legit?
Yes, it's safe to say that Augusta Precious Metals is a legit precious metals IRA provider. They've partnered with custodian Equity Trust to provide their gold and silver IRAs. Equity Trust has been around for over 50 years and holds over $39 billion in assets.

And the gold and silver in your IRA is safely stored with depositories like Delaware Depository, which is protected by $1 billion all-risk insurance through London underwriters.

Augustas has an A+ rating with the Better Business Bureau and an AAA rating with the Business Consumer Alliance. They have average customer ratings of over 4.9 stars.

If you're still concerned, take a look at this helpful guide from the CFTC on how to identify precious metals fraud.

Who is Augusta Precious Metals best for?
Augusta Precious Metals is best for retirement investors interested in preserving their wealth and diversifying their savings. And who want to invest at least $50,000 into gold.

What is the best metal to buy right now?
Gold is the most popular precious metal because it historically retains value, has constant demand, and is highly liquid.

However, there's no guaranteed way of knowing which metal is the best to buy. Predicting the market is tricky, and even experts frequently make mistakes.

Is it worth buying precious metals?
Precious metals can be a good way to diversify your assets and hedge against stock market volatility. However, they don't generate additional wealth and don't have the growth potential of stocks. Weigh the pros and cons to see if it makes sense for you.

Bottom Line

Augusta Precious Metals is one of the most reputable precious metals IRA providers. They stand out for their exceptional customer service and overwhelmingly positive reviews.

The free 1:1 web session is really valuable to help you decide if a gold IRA is the right move for you. And once you become a customer, they support you for life.

The only downside is their relatively steep minimum investment of $50,000 or more. But their fees are comparable to other gold IRA providers.

References

  1. ^ Goldco. How Much Does a Gold IRA Cost?, Retrieved 7/23/2023
  2. ^ Augusta Precious Metals. Are there minimum and maximum orders?, Retrieved 6/19/2022
  3. ^ Augusta Precious Metals. Augusta Gold and Silver IRA Setup and Pricing Information, Retrieved 8/18/2022
  4. ^ Augusta Precious Metals. Where are the private storage facilities located?, Retrieved 7/23/2023
  5. ^ Birch Gold Group. What is the Cost to Set Up and Maintain a Precious Metals IRA?, Retrieved 8/18/2022
  6. ^ Noble Gold. What are the fees for my new Gold IRA?, Retrieved 6/19/2022
Augusta Precious Metals

Free Ultimate Guide to Gold IRAs

See Offer
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  • Zero fees for up to 10 years (everyone qualifies)
  • Endorsed by Mark Levin & Jeanine Pirro
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Jeremy Harshman is a creative assistant at CreditDonkey, a credit card comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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