Augusta Precious Metals Review 2023

Jeremy Biberdorf By: Jeremy Biberdorf Dec 22, 2022
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Augusta Precious Metals Logo

4.9/5

4.9 rating based on 5 ratings

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In a nutshell: Augusta Precious Metals is a company that enables investors to invest in physical gold and silver using a self-directed IRA.

This company partners with third-party storage facilities to offer customers secure storage options. It’s especially noteworthy for a complete lack of negative feedback in its customer reviews.

Learn about this company’s gold IRAs and other offerings in our comprehensive Augusta precious metals review.

FeesService Type Promotion
$50 Account Setup Fee
$100 custodian fee
$100 yearly storage fee
Gold & Silver IRA ProviderNone
Pros & Cons
Pros
  • Offers physical gold and silver
  • Affordable storage fees
  • Award-winning company
  • Lifetime support
Cons
  • $50,000 minimum deposit
  • Limited precious metals options
  • Pricing markups

Compare to Other Investment Platforms:

Augusta Precious Metals Logo
4.9 rating based on 5 ratings
4.9/5
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4.3 rating based on 5 ratings
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ProductsGold, silver, copper, palladium, rhodium, and platinum

APMEX Logo
4.5 rating based on 5 ratings
4.5/5
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FeesNo commission fees

Augusta Precious Metals is best for…

Individuals interested in building their investment portfolio with precious metal IRAs. Augusta Precious Metals can be an excellent way to diversify your retirement investments, assuming you can afford the minimum investment of $50,000.

The company allows you to purchase gold/silver and have it sent directly to your home. Alternatively, you can also have it stored in your preferred depository for extra peace of mind.

Augusta Precious Metals is well-known for its wide range of IRS-approved gold and silver coins, personalized service, excellent customer experience, and the extensive knowledge of its staff.

What is Augusta Precious Metals?

Augusta Precious Metals is a reputable gold company that sells precious metals and helps customers establish precious metals IRAs with a third-party custodian (such as Equity Trust).

The company is famous not only for its offerings but also for the hundreds of satisfied customers it has served in the past. It provides a quality experience through the entire investment process, beginning with a free 1-on-1 investment advice webinar hosted by Harvard economist, Devlyn Steele.

Customers receive lifetime support from the staff, which includes financial advice, precious metals portfolio management, buyback services, and more.

Features

Precious metal company bullion products are Augusta Precious Metals’ main offering. This precious metals company allows customers to purchase a variety of gold coins, gold bullions, silver coins, and silver bullions.

These products can either be purchased and sent directly to the customer’s home, or placed into gold/silver IRAs. The company offers many different IRA-eligible products, such as Gold American Buffalo & Gold Canadian Eagles coins.

Products Offered

While some companies list the current gold prices on their websites, the Augusta Precious Metals market does not. You’ll need to contact the company to find out the current prices of gold and other products.

Silver

Augusta Precious Metals has an assortment of silver products including silver bars and coins. Products are sorted as “Common” and “Premium.” Interested parties must call for pricing.

Gold

Just as with silver, Augusta Precious Metals offers gold bars and coins for purchase. Available gold products can be found on the “Common Gold Bullion” and “Premium Gold” pages of the website. You’ll need to call the company for current product pricing.

Self-directed IRA Services

Augusta Precious Metals allows customers to start a self-directed IRA with their precious metals purchases. Investors will first create the IRA with one of Augusta Precious Metals’ supported custodians: Equity Trust, GoldStar Trust Company, or Kingdom Trust.

From here, investors will need to fund the account with a minimum of $50,000. You can either invest directly, or roll over funds from a pre-existing IRA, 401(k), or other retirement funds.

Once the account has been funded, investors will be able to use the account funding to purchase gold and silver bullion directly from Augusta Precious Metals for their self-directed IRA portfolio.

Beyond the initial funding requirement, investors must also be prepared to pay a one-time setup fee of $50, custodial fees of $100, and a storage fee of $100. After the first year, investors will only need to pay the annual custodial and storage fees.

This company doesn’t charge management, shipping, or insurance fees.

Storage Options

Augusta Precious Metals offers secure storage options in IRS-approved depositories across the United States. Your stored precious metals are automatically insured by Lloyd’s of London’s $1 billion “all-risk” insurance.

Is Augusta Precious Metals Right for You?

This company is a valuable resource for long-term investors and first-time buyers alike.

Individuals interested in storing precious metals in their homes benefit from free insured shipping. Those who want to create a self-directed IRA can take advantage of Augusta Precious Metals’ various third-party storage facilities (at an extremely low yearly rate, no less!).

Furthermore, all investors are provided with the information they’ll need to make educated purchasing decisions, thanks to the initial 1-on-1 investing webinar.

While it’s rather inconvenient that you can’t view prices from the website, the advantage is that you’ll always know the latest pricing before you purchase gold or silver. This is important, as the only real negative about this company is its tendency to mark up premium coin prices.

Despite this drawback, we still recommend Augusta Precious Metals. Offering transparent pricing, self-directed IRA opportunities, a fair selection of precious metals, and a few free perks, Augusta Precious Metals is an excellent way to begin preparing for your retirement.

To learn more about their self-directed offerings (or browse their list of available products), click here.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to Equities.com and Benzinga.