Augusta Precious Metals Review 2024: Read This Now

If you get on your laptop and google “best gold IRA companies,” there’s a good chance you’ll start seeing ads and finance blogs (like this) recommending that you contact Augusta Precious Metals. 

But is the gold IRA company reputable? What criteria are they using to vet the best gold IRA companies? In this Augusta Precious Metals review, we’ll dive into the company’s history, executive team, products, and services. We will also reveal genuine reviews and complaints we have about the gold IRA company.  

Sound good? Let’s get started!

Augusta Review: Summary

Industry veteran Isaac Nuriani owns Augusta Precious Metals. The company is highly rated across all verified consumer watchdog review websites. 

The firm has an A+ rating with the Better Business Bureau, with zero complaints filed against the company. Augusta earned an AAA rating with the Business Consumer Alliance and more than 283 5-star reviews on TrustLink.

The company offers white glove service, holding your hand through the entire gold IRA process, and each customer can request a free one-on-one web conference designed by their in-house Harvard-trained analyst Devlyn Steele.

Augusta is the only company we’ve found offering this personalized web conference. Their webinar offer, along with the firm’s top ratings and commitment to customer service, puts Augusta Precious Metals at the top of our list of gold companies for 2024.

View the video below to learn more about Augusta’s one-on-one web conference.

Click here to request your free web conference.

Company History

Augusta Precious Metals is headquartered in Casper, Wyoming. The gold IRA company first launched in 2012, and its 10+ years of business have quickly solidified its position as one of the most recognized names in precious metal IRAs. 

CEO Isaac Nuriani is a financial expert with extensive knowledge and experience in the precious metals investment and insurance industries. 

His goal with Augusta Precious Metals? To make the precious metals buying process easy, simple, and personalized. Augusta offers a wide selection of IRS-approved gold and silver products at competitive prices. The company is also an industry-recognized PCGS (Professional Coin Grading Service). 

Augusta has recently brought on Devlyn Steele as their Director of Education. A Harvard Business Analytics Program member, Steele has worked in various industries over the past thirty years.

As mentioned above, Americans can request a one-on-one web conference with Augusta’s Harvard-trained Director of Education, Devlyn Steele. 

A few years ago, a potential customer requested their web conference on Augusta’s website. This guest logged in, spoke with Devlyn Steele, and learned about gold and silver from his presentation. 

However, this random customer on the webinar had his camera turned off during the web conference and had signed up under a random name.  

This person turned out to be Hall of Fame quarterback Joe Montana. Devlyn Steele had no idea he was speaking to the famous NFL quarterback at the time.

This was the beginning of Joe’s relationship with Augusta Precious Metals. Joe Montana ended up becoming a customer and invested his money with Augusta. Years later, Joe Montana contacted Isaac Nuriani about working with Augusta Precious Metals as their paid spokesperson. 

Today, you’ll see Joe Montana on much of Augusta’s promotional material and ads, and for a while, each customer was even sent a football signed by Joe Montana. If you decide to work with Augusta, reach out and ask if they’re still sending customers these signed footballs!

If you’re not a fan, perhaps you can sell the signed football on eBay.

Augusta Reviews, Ratings, & Complaints

Isaac Nuriani’s company shines when it comes to its customer reviews. There’s no better research you can do on a gold company than by reading what their customers say about them.

The Better Business Bureau (BBB) gives Augusta an A+ rating. The company has been accredited since 2015 and has a 4.96 (out of 5) star average rating based on 108 verified customer reviews. 

The Business Consumer Alliance (BCA) reveals similar results. The company has earned a AAA rating on the watchdog website with a 5-star average rating based on 94 customer reviews.

TrustLink reveals a 5-star average rating for Augusta Precious Metals based on 283 reviews. It’s difficult to find any Augusta complaints or signs that any customer has had a poor experience with the gold IRA company.

The precious metals IRA company only has four reviews on Yelp, but we’re seeing the same level of customer satisfaction. All four reviews posted on Yelp have given Augusta 5-stars.

Visit Augusta’s website and request more information.

Augusta Products and Services

Hundreds of companies and websites sell gold and silver to customers across the United States. Augusta Precious Metals is primarily a gold IRA company, meaning this is not a company you would call if you want to buy a few gold American Eagle coins.

The company can facilitate the cash purchase of metals, but its focus is almost entirely on gold IRAs. Whether you’re buying with your 401(k) or cash, the company has a $50,000 account minimum. 

Gold & Silver Products

Augusta Precious Metals offers a wide selection of gold-IRA eligible bullion bars and coins for your precious metals IRA. Below is just a sample of what you can buy if you choose to open a gold IRA with Isaac Nuriani’s precious metals company:

• American Silver Eagle
• Gold American Buffalo
• Gold American Eagle Proof
• Australian Lunar Series 
• Austrian Philharmonic 
• Canadian Silver Maple Leaf
• Chinese Panda 
• Credit-Suisse – PAMP Suisse bars

The company also offers a wide selection of premium silver and gold coins. If you decide to work with Augusta Precious Metals, you’ll be assigned an account rep who can answer all your questions, show you your investment options, and ensure you’re buying bars and coins the IRS allows for inclusion in an IRA. 

Suppose you’re purchasing with cash for your collection. In that case, you can buy from their more comprehensive collection of collectibles, numismatics, and other gold and silver coins outside IRS guidelines for an Individual Retirement Account.

Augusta Precious Metals Fees & Pricing

When you open a precious metals IRA, there are three companies involved:

• the gold IRA company, 
• the gold IRA custodian, and the 
• gold IRA storage depository. 

Augusta’s Pricing

Gold companies like Augusta Precious Metals sell a high volume of precious metals each month. Gold companies can source your gold bars and coins at wholesale prices, and the companies then sell metals at retail. This is how Augusta makes a profit.

The difference between their wholesale and retail price is what they call the “spread.” Augusta will service your account for life. If you ever have a question or concerns about your investments, Augusta will be there to take your calls.

Augusta will help set up your IRA, they will act as a liaison between your IRA custodian and storage provider, and will help in the selection of your metals. But they only charge any fees when you buy gold for your new IRA.

If you decide to move forward with Augusta, ask them how much they charge above the spot price for your physical metals – and of course, get it in writing. You can learn more here.

Gold IRA Custodian

If you currently have a 401(k), TSP, 403(b), or another type of retirement account, that account is administered and maintained via an IRA custodian.

It’s no different with your gold IRA. If you work with Augusta Precious Metals, your account rep will review your current retirement plan and assess your eligibility for a gold IRA rollover. 

It’s most likely that your current 401(k) or IRA does not allow you to purchase physical precious metals. You will have to open a self-directed IRA with a custodian specializing in gold and silver investments.

Your account rep will then work with your old 401(k) custodian to rollover or transfer funds to your new self-directed IRA to buy physical gold and silver.

If you don’t know of any self-directed IRA custodians, don’t worry. Companies like Augusta have been doing this for 10+ years and can point you to a reputable self-directed IRA custodian for your precious metals.

Augusta Precious Metals primarily works with Equity Trust as their go-to custodian. Equity Trust has been in business in the U.S. for over three decades. The company is highly rated, and best of all, its annual fees are modest. 

Equity Trust charges $50 to open your new self-directed IRA and $80 annually to maintain your account.

If you work with Augusta Precious Metals, the company will cover your set-up and custodial fees for up to ten years! Make sure to ask them if this promotion is still available.

Request more information from Augusta here.

Gold IRA Storage 

Everybody wants to hold their gold and silver in their basement safe. But the truth is, this is a bad idea for several reasons. For one, you could find yourself a target for criminals if word ever got out that you’re holding $50,000+ in gold and silver in your home safe!

In addition to any safety concerns, the IRS will not allow you the tax benefits of an IRA if you have ready access to these investments. If you want to avoid taxes and penalties on your precious metals IRA, your metals have to be held in an IRS-approved storage depository.

Years ago, companies began offering the “home storage” gold IRA. This involved creating LLCs and essentially trying to trick the IRS into thinking your account was compliant. Without writing a whole article on this, don’t try it. 

In 2018, the Industry Council for Tangible Assets even published The Prohibition on Home Storage of Bullion in an IRA, cautioning Americans against this arrangement.

If you want to buy and hold gold and silver tax-free with your IRA, you’ll need a private vault storage of your metals. The good news? Your physical metals are held securely and fully insured for up to $1 billion.

Augusta can work with an IRS-approved depository of your choice. If you are still considering a depository, Augusta typically works with the Delaware Depository. 

The Delaware Depository is a gold and silver bullion depository trusted by many top gold IRA companies. 

They charge $100 annually for commingled storage and $150 annually for segregated vault storage.

Augusta will also cover your gold IRA storage costs for up to 10 years, depending on your account size. Confirm with your account rep to ensure this promotion continues today. 

Request your free gold investor kit from Augusta here.

Augusta’s Buyback Program

You may decide to convert some of your gold back to cash at some point. If and when you ever need to sell your gold bullion, you don’t have to try and find a buyer. Augusta offers a gold buyback program.

If you decide to open a gold IRA with Augusta, the details of their buyback program are explained in detail in your agreement. Customer reviews indicate that the company’s fair gold and silver buyback program and that customers are given competitive pricing for selling their metals.

Augusta Precious Metals: Pros & Cons

Our Augusta Precious Metals review has been mostly positive; however, there are a few complaints to consider if you vet this company for purchasing gold bullion.

What the Company Does Right

The pros, once again, are:

• High ratings on BBB, BCA, TrustLink, Yelp, and industry review websites
• No complaints online – customers speak highly of Augusta
• Educational web conference available to all customers 
• Competitive pricing on metals
• Account service for life
• All IRA fees covered for up to 10 years

Compare Augusta Precious Metals reviews with other companies online before making any decisions. We think they’re worth your consideration.

Augusta Precious Metals Complaints

Any gold IRA company review should also include complaints. For one, if you purchase precious metals with Augusta, they limit their focus to gold and silver. Yes, most customers are interested in gold and silver, but the IRS also allows specific platinum and palladium in your precious metal IRA.

Some competitors have a wide selection of gold, silver, platinum, and palladium products. If you’re interested in buying outside of gold and silver, you may consider calling another company.

Our second Augusta complaint is that their account minimum is $50,000. Other precious metal companies are happy to facilitate your gold IRA for as low as $10,000. If Augusta’s $50k minimum is too high, you’ll have to contact one of Augusta’s competitors.

Augusta Precious Metals Competitors

If you’re looking for a precious metals company, there’s no shortage of firms fighting to earn your business. Here are a few other highly rated gold and silver IRA specialists:

• Birch Gold Group: If you read conservative news on the internet, there’s a good chance you’ve heard of Birch Gold Group. Endorsed by people like Ben Shapiro and Ron Paul, this company is one of the more significant gold IRA companies in the U.S.
• American Hartford Gold: Former mayor Rudy Giuliani and Bill O’Reilly proudly endorse American Hartford. The gold and silver IRA company is highly rated with online customer watchdog sites and industry-related websites. 
• Advantage Gold: Advantage is another highly-rated gold company with thousands of 5-star reviews online. CEO Adam Baratta is an industry leader with two best-selling finance books on the topic of precious metals. 

We always suggest that readers contact 2-3 companies. Compare products and services and work with the best gold IRA company that fits you and your goals well. You can learn more here. 

Augusta Gold IRA Review: Final Thoughts

Augusta has a streamlined gold IRA process. From the moment you request a gold investor kit, they are responsive. Their team can answer all of your questions. They provide a unique one-on-one web conference not offered by competitors and offer a relaxed, easy, and stress-free experience. The company has handled billions of dollars in transactions and can set up your new account in as little as one week.

Augusta’s online reputation and customer reviews show they’re a trustworthy company you can depend on with your retirement savings. We’ve reviewed multiple companies and believe they rise above the competition, and we have decided to rank Augusta Precious Metals as our top-recommended company for 2024.

Request more information from Augusta’s website here.