Augusta Precious Metals Review 2022

Investing in our retirement is a big deal. None of us should make any decision lightly when it comes to our income and savings. Finding the right IRA account is perhaps the biggest of the retirement decisions we make. 

That’s why I’m so keen to write a review for Augusta Precious Metals, a Gold and Silver IRA company that thousands have turned to. We’ll look at the Pros, and yes, the Cons of this respected IRA company, and help you make the right decision for you.

Who is Augusta Precious Metals?

Augusta has been in business since 2012, and has a wealth of precious metals experience at their back. They have a 4.8 or higher average review from Facebook, Google Reviews, and TrustLink. That’s dozens of people who have gone out of their way to let the whole world know how good Augusta has been for them.

According to Forbes, up to ten percent of your total retirement account should be in precious metals, so it’s important to pick the right company. Augusta has the experience and the customer feedback to give you confidence picking them.

Augusta Precious Metals Complaints

No company is perfect, and it serves a good review to take complaints into account. That being said, I could only find one negative review for Augusta on the Better Business Bureau website, and zero complaints.

On ConsumerAffairs.com and on the BBB website, Augusta holds an average rating above 4.9 of 5.

  • BCA Rating: AAA
  • BCA Complaints: 0
  • BBB Rating: A+
  • BBB Complaints: 0 
  • TrustLink: ⭐⭐⭐⭐⭐ (5/5) Based on 278 reviews  
  • Consumer Affairs: ⭐⭐⭐⭐⭐ 5 Ratings - Based on 60 Reviews  
  • Google My Business: ⭐⭐⭐⭐⭐ 4.9 Ratings - Based on 221 reviews 
  • Facebook: ⭐⭐⭐⭐⭐ 4.8 Ratings - Based on 76 reviews 

What Sets Augusta Apart?

There are a lot of Gold IRA companies out there. And there’s good reason. Investing in precious metals can be a great hedge against inflation, and can provide stability amid uncertain economic times.

Education

With Augusta, you can count on step-by-step access and education. It might sound odd, but there are a lot of questions when setting up a Gold IRA–Roth or traditional? Rollover? Gold or Silver? How much of your portfolio?

Augusta sets themselves apart by having a dedicated Director of Education, Devlyn Steele. Devlyn is committed to an informed consumer, which means that Augusta puts your understanding above their signing you as a client.

In fact, they’re so dedicated to making sure you’re informed, they have a whole page about how to avoid Gold and Silver IRA scams. Augusta knows that there’s a ton of information out there, and they want you to have it all.

And it doesn’t stop at education during the account set-up phase. With Augusta, you get Lifetime Account Support. You can always contact your agent for information, pricing, and options.

Ease of Process

Another aspect of Augusta that sets them apart is how easy they’ve made the process. By working with you through all the paperwork, you can be sure that no tees go uncrossed.

Whether you want to rollover an existing IRA, or want to invest from scratch, you can count on Augusta to make the process as straightforward as possible. 

How it Works

Augusta Precious Metals wants their customer base to be as educated as possible. And they also want the process to go as smoothly as possible. They outline a simple five step process that will help you get started.

When you first go to Augusta’s website, they’ll offer to connect you with an agent right away. They also focus on getting to know you. They know that not every retirement looks the same. Everyone has different goals, different savings, and different concerns.

After getting to know you, Augusta will then help educate you about the precious metals markets. What’s hot, what’s not. What to look for and what to look out for.

Then comes the part that many people dread the most–paperwork. The good news is that at Augusta, they will work hand-in-glove with you through the whole process, setting up you account and getting you in touch with the purchases at their Order Desk that you want.

Fees and Costs

Here’s the great news at Augusta Precious Metals–no management fees. Because Augusta feels so passionately about Gold IRAs being really Self-Directed, they only charge an account set up fee. After that you only pay custodian fees at your storage facility of choice.

In fact, with qualifying purchases, you don’t even have to pay shipping or insurance for your order. That’s right. Augusta will cover all the costs of your Gold or Silver until they are delivered to your storage facility.

  • Fees at Set-up: 

    When you first set up your account, there is a one time fee of $50, plus the two annual fees due at signing, for a total of $250.

  • Annual Fees: 
    Custodian Maintenance Fee and a Storage Fee, both $100. So, $200/year.
  • Spread: 

    According to their Transaction Agreement, their typical spread (how much they charge versus the value of the gold/silver) is only around 5%, a very modest amount in this market. The spread on Premium purchases, though, can range as high as 33%.

Physical Gold and Silver

If you’re interested in cash purchases of physical Gold and Silver, Augusta can help you there, too. The process is even more simple than with an IRA purchase. Simply fund your account, go to the order desk, and purchase your Gold or Silver coins, bars, or other available bullion. 

Step 1: Fund your account

with a cash transfer to your new Augusta account.

Step 2: Buy Gold and Silver

from option presented by Augusta's Order Desk.

Step 3: Sign for delivery

at your location and store wherever you wish.

Pros & Cons

With all that we found to love about Augusta Precious Metals, there were a few hiccups that we didn’t love. Here’s a full breakdown of the Pros and Cons.

Pros

  • Education is first.
  • They are focused on learning about you, the client.
  • Process is simple and easy.
  • Thousands of stellar reviews, including an endorsement from Joe Montana.

Cons

  • Difficult to find Gold and Silver Pricing info.
  • Had to dig through forms to find their fee structure.
  • High spread on Premium Purchases.

Final Words

In the end, there are a lot of Precious Metals IRAs out there, and some of them aren’t as trustworthy as others. With their stellar reputation, customer reviews, and dedication to education, I can say that Augusta Precious Metals has done everything to earn trust. 

All that remains is to give them a call yourself, and see what they can do for you.

FAQs

With No Fees, How Do They Make Money?

Augusta earns their profit from facilitating the purchase of gold and silver from outside sources.

Why Buy Physical Gold/Silver?

If you purchase precious metals for an IRA, those metals are treated similarly to any stocks or bonds held in another IRA. That means you cannot access them until your retirement, or face early withdrawal taxes. With physical purchases, you can have the gold or silver delivered directly to you.

Are All Those Reviews Real?

Yes. One of the great reasons to triangulate reviews from multiple sources is that we can get a clearer picture of how a company is really doing. Not only does Augusta have great reviews from places that vet their reviews, but they also have an A+ rating from the Better Business Bureau.

About the author Greg Lorenzo

Greg is a financial expert who has been advising his audience on loans for over 10 years. He has a wealth of knowledge and experience in the area, and he is passionate about helping people get the best possible deal on their loans. Greg is an expert in negotiating loans, and he has a proven track record of getting his clients the best possible terms. He is also a strong advocate for financial literacy, and he regularly gives workshops and seminars on the topic.

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