Augusta Precious Metals Review

Precious metals have been seen as one of the best ways to save for the future for thousands of years. Nowadays, plenty of brokerages offer their services online. They don’t always measure up in the end.

However, in this instance, Augusta Precious Metals seems to pass the test.

This family-owned brokerage has been working with customers for quite a long time. Plus, over all those years, they’ve rarely received any complaints.

In fact, they’ve even got a perfect score at the Better Business Bureau.

What Is the Augusta Precious Metals?

Augusta Precious metals is a premier provider of precious metal services.

IRA rollovers allow you to transfer retirement funds without paying taxes.

Then, you can use them to purchase gold. That way, regardless of how the market performs, your assets ought to be safe.

Company Highlights

Family-owned:
Are you tired of working with soulless corporations? In that case, perhaps something owned by a family would feel more suitable. These guys have been keeping it within the family for over five decades. To us, that’s among their most impressive accomplishments.
50 Years of Experience:
Decade after decade, Augusta outperforms our expectations, providing exceptional service to everyone. With 50 years in the business, they’ve got more than enough experience to hit the mark.
Gold and Silver IRAs:
Gold and silver are two of the most valuable metals in all of human history. Whole empires lived and died for them. Now, you can buy it from the comfort of home, and they’ll shit it right to you.

Services Offered

What does Augusta Precious Metals offer? Sure, we know they’ve been providing services in the precious metals markets for years.

However, what types of services are they providing?

We’ve summarized their most prominent account types in the chart below. Keep in mind, to request more info about them, you’d have to give them a call.

Types of Accounts

Gold IRAs:
This account is as simple as it appears. Using funds from your IRA, you can invest in the gold market. That way, if the price of bullion rises, you’ll be the one who benefits.
Silver IRAs:
Similarly, these provide an easy way to leverage retirement savings into silver investments. Often, silver performs better than gold during times of uncertainty.
Brokerage Services:
Would you like to have those precious metals sent to your home? We’d suggest purchasing from them directly if that’s the case. They’ll ship them to you as soon as your funds clear. Within 10 days, they ought to arrive straight at your door.

Why Invest in Precious Metals

What about gold makes it such an excellent investment? Not to mention, how has silver risen to the top of everyone’s mind so quickly? Well, to answer that question, we’ve got to look at the history of money at some.

Thousands of years ago, most people traded using coins made of these metals.

It appears as though scarcity would be the source of their value, primarily. It’s not as if someone can create them from nothing. As such, there is only so much available at any given time.

The more people want them, the more valuable they become.

To phrase that a bit differently, it’s a manifestation of supply and demand.

Historically, Precious Metals Have Been Great Hedges Against Inflation:
Rarity has always been seen as something indicative of value. The scarcer the supply, the more valuable the commodity.

Both gold and silver have always been rare, even more so in antiquity.

We’ve yet to develop any technology that surpasses these natural limitations. So, we should expect them to remain rare commodities well into the future.

Therefore, if you’d like to hedge against inflation, they might benefit your portfolio.

Diversifying Your Portfolio Protects You From Market Downturns:
Suppose you’ve been stashing away your employer-matched contribution for a few years.

The size of your 401(k) has come to represent a substantial portion of your overall net worth.

However, if they have sat in an account unnecessarily, you might’ve missed some gains. Most 401(k)s are built out of various stock options, representing equity in public companies.

These investments tend to perform well during times of economic expansion.

Still, if things slow down, your portfolio might crash. In that case, owning a bit of gold could be what saves you.

Typically, precious metals appreciate during market downturns.

Investors flee from equities’ perceived risk and search for something more stable. More often than not, those choices lead them to precious metals.

Fees

Suppose you’d like to open an account. How much would it cost to start? Regardless of where you’d like to put your money, these questions ought to always be a top priority.

Otherwise, paying something outrageous might become a habit.

For that reason, we put together an easy chart. That way, you’ll never have to guess how much you should expect to pay.

Fee Schedule

$50 Account Setup Fee:
First-time users must cover the account setup fee of $50. That would be a one-time charge, so you shouldn’t worry about it much.
$80 Maintenance Fee:
This maintenance fee ensures that their vaults are kept in tip-top shape. You’ll be paying for these annually.
$100 Storage Fee:
Your annual storage fee covers the cost of keeping your investment safe. At $100 a year, it’s nothing too outrageous.

Credit Card Transactions Are Limited to $5000:
Any purchases made with a credit card face strict limitations, preventing large transactions.

Above $5000, a transaction would have to be done using some other payment method.

Otherwise, it’ll be stopped by an algorithm. Bank transfers tend to be the most reliable method. Plus, they tend to suffer from far less fraud.

Investment Minimum

How much do you feel is a suitable investment? Even though you’ve got the dough, Making an investment might not be an option. Unless you got enough for the minimum, you’ll have to keep saving.

Their minimum here isn’t too bad.

Compared to some of their competitors, it’s almost an outright steal. Nevertheless, for some first-timers, these would appear to be a bit high.

$50,000 Account Minimum:
To open an account, you’ll have to send them at least $50,000. That would be the minimum starting balance of an IRA rollover.
$5000 Transaction Minimum:
After you’ve opened an account, you’ll have to invest at least $5000 each time. Otherwise, you’d have to work somewhere else.

Unique Features

Augusta Precious Metals stands out from the competitions, distinguished by their culture. Working with family-owned operations always feels a bit different than with a corporation.

They’ve created two particular programs that we feel show something above the norm.

Competitors tend to sucker people in prior to ripping them off. Since Augusta understands how vital prices are, they’ll always guarantee them.

That way, no matter what, any investments are safe.

7-day Price Protection Program:
Sometimes, rapid price fluctuations surprise everyone. Then, panic ensuing, sending the market into a spiral.

These things even happen with precious metals from time to time.

So, to prevent anything negative from volatility, they’ve guaranteed prices for 7 days. Anything you purchase from them comes with this guarantee.
Class III Security Faults:
Secure storage is just about the most vital aspect of any financial institution. If you’ve made a significant investment, such security should be at the front of your thoughts. When you work with them, everything goes inside of a Class III vault, which are nearly impervious to theft.

Pros and Cons

Weighing the plus sides and the downsides is a time-honored tradition. Otherwise, you’d be making decisions blindly.

Unless you’ve got a thing for such reckless behavior, we’d suggest studying them closely.

Even still, with so many things on our plates nowadays, finding the time isn’t always in the cards. So, in order to help simplify things, we’ve outlined our main points here.

Advantages:

Quick Shipping:
Let’s assume you’ve placed an order with them for $5,000. Most of their competitors wouldn’t get that to you in less than a month. On the other hand, at Augusta, they’ll send them as soon as the check clears. Then, it ought to take less than a week for you to get it in the mail.
Competitive Pricing:
Fair prices are one of their best features. Not to mention, with 7-day price protection, volatility shouldn’t be so scary.
Small Minimum Investments:
Some of the other institutions require 5-figure minimum purchases. Here, you could get by with as little as $5,000.

Disadvantages:

Higher Fees:
Spending money on quality shouldn’t be a foreign concept to most investors. While these fees are a bit pricey, you’ve at least got a quality service to compensate.
Minimal Coin Variety:
Would you like to place an order from them directly? They’ll send you plenty of coins, but they won’t have a ton of variety.

How to Get Started

Starting an account ought to be the most straightforward part of any transaction. Not every company makes sure of that, though.

For the most part, working with August has been as seamless as possible.

Still, something feels like it could be a bit better. Perhaps, letting customers begin by filling out an online application would improve things.

Either way, we’ve shown you where to begin by listing the steps below.

Account Setup Steps

Open a Self-Directed IRA:
First, you’ve got to open an IRA account that allows you to direct the investments. Plenty of custodians provide them, so you’ll have to find something suitable.
Fund the Account Using an Ira Rollover:
Next, using funds from your existing IRA, initiate a rollover. Call Augusta if you’d like help getting this done. Their team has been helping people do just this for a long time.
Use Those Funds to Purchase Gold and Silver for Your IRA:
Generally speaking, it shouldn’t take more than a few days for those funds to deposit. however, once they hit your account, begin placing those investments. The sooner you make the call, the faster you’ll be in the market.