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Augusta Precious Metals Review: Worth the Cost in 2022?

By Jonah Ellingson

Augusta Precious Metals, IRA Reviews

Are you looking for a reputable Augusta Precious Metals Review? Look no further, because we’ve got you covered.

Augusta Precious Metals has been in the business of buying and selling gold and silver since 2004, and they offer a wide range of products and services, including Gold IRAs and Physical Gold.

In this Augusta Precious Metals review, we will take a detailed look at what the company has to offer, including examining its pros and cons, what real customers are saying about their experience, and if they’re a company that you can truly trust with your money.

Let’s get started…

What is Augusta Precious Metals?

Augusta Precious Metals is a gold and silver dealer located in Stonewood, Alabama.

The company was founded in 2004 by Richard Blum, who is the current president and CEO.

Augusta Precious Metals offers a wide range of products and services related to precious metals investing, including Gold IRAs, Physical Gold, Silver IRAs, and Precious Metals ETFs.

The company has a BBB rating of “A+” and is a member of the American Numismatic Association, the Professional Coin Grading Service, and the Numismatic Guaranty Corporation.

Here’s a quick look at what APM is really all about:

What Products and Services Do They Offer?

Augusta Precious Metals offers a wide range of products and services related to precious metals investing.

This includes Gold IRAs, Physical Gold, Silver IRAs, and Precious Metals ETFs.

The company also offers storage options for those who wish to store their gold or silver in a secure location.

Here’s a look at some of these options in more detail:

Gold and Silver IRA

Augusta Precious Metals offers both Gold IRAs and Silver IRAs.

These are retirement accounts that allow you to invest in gold or silver, and they come with a number of benefits, including tax-deferred growth and the ability to hedge against inflation.

RELATED READING: How to Rollover Your IRA into Gold or Silver

To open a Gold IRA or Silver IRA with Augusta Precious Metals, you will need to have $2000 to start.

Once you have opened your account, you can then choose to invest in either gold or silver or both.

Physical Gold

Augusta Precious Metals also offers Physical Gold for those who want to invest in gold without having to open an IRA.

You can choose to have your gold delivered to your doorstep or stored in a secure location.

Augusta Precious Metals Fees

Augusta Precious Metals charges a variety of fees for their products and services.

For example, the company charges a $50 annual fee for the storage of gold and silver in a secure location.

They also charge commissions on the sale of gold and silver, as well as other precious metals products.

Here’s a look at some of their fees in a bit more detail:

  • Start-Up Fees: If you’re new to Augusta Precious Metals there is a one-time fee of $50 for them to process your application. They will take a close look at your situation after processing your application which allows them to determine if gold or silver investing is the right option for you.
  • Annual Fees: Augusta Precious Metals charges an annual fee of $50 for storage of gold and silver in a secure location. This fee covers the cost of insurance, storage, and delivery of your precious metals.
  • Commission Fees: Augusta Precious Metals charges commissions on the sale of gold and silver, as well as other precious metals products. The company does not charge a commission on the purchase of gold or silver.
  • Bid and Spread Fees: Augusta Precious Metals may also charge a bid and spread fee when you buy or sell gold and silver. The bid price is the price Augusta Precious Metals is willing to pay for gold or silver, while the spread is the difference between the bid and ask price. For example, if Augusta Precious Metals has a bid price of $1000 per ounce of gold and an ask price of $1010 per ounce of gold, the spread would be $20.
  • Custodial Fees: If you take out a gold or silver IRA, they will charge you $250 for the first year, and then it’s $100 annually after that.

Is Augusta Precious Metals Trustworthy?

a pile of gold bars perched below the Augusta Precious Metals logo

Augusta Precious Metals is a reputable company with an “A+” rating from the Better Business Bureau.

They are also members of the American Numismatic Association, the Professional Coin Grading Service, and the Numismatic Guaranty Corporation.

Augusta Precious Metals has been in business since 2004 and has a long history of satisfied customers.

Augusta Precious Metals Pros and Cons

Pros:

  • Wide Variety of Products to Pick FromAugusta Precious Metals offers a wide range of products and services related to precious metals investing, including Gold IRAs, Physical Gold, Silver IRAs, and Precious Metals ETFs.
  • Highly Rated: The company has a BBB rating of “A+” and is a member of the American Numismatic Association, the Professional Coin Grading Service, and the Numismatic Guaranty Corporation.
  • Non-Commissioned Sales: Augusta Precious Metals does not charge a commission on the sale of gold and silver, making it more affordable to invest in precious metals
  • Long-Track Record of Success: Augusta Precious Metals has been in business since 2004 and has a long history of satisfied customers.

Cons:

  • Augusta Precious Metals charges a variety of fees for their products and services.
  • If you’re new to Augusta Precious Metals there is a one-time fee of $50 for them to process your application.
  • There is a minimum investment to get started

Augusta Precious Metals Alternatives

If you’re looking for alternatives to Augusta Precious Metals, there are a few other companies that offer similar products and services.

Monex Deposit Company is one such company. Monex offers gold and silver IRAs, physical gold, and silver coins and bars. They also have a long track record of success, dating back to 1967.

Another alternative is Goldco Precious Metals. Goldco offers gold IRAs, physical gold, and precious metals IRA rollovers. Read more in our detailed review of GoldCo.

A third option is Birch Gold. Birch Gold offers gold IRAs, physical gold, and a wide variety of precious metals products.

Real Customer Testimonials

Along with an A+ rating from the BBB, Augusta Precious Metals also boasts a 4.9 out 5-star rating on ConsumerAffairs.

While we encourage your read as many reviews as you can before deciding if APM is right for you, here are a few worth sharing here:

Augusta provided a professional, objective and honest presentation of their services, processes and relationships with the industry and related companies. It was informative, and also provided solid reasons for investing a portion of available funds in a Gold/Precious metals IRA.

From the initial call to the set up process to the purchase of gold and silver, Augusta Precious Metals has a developed a user friendly and transparent process. I had already made up my mind that gold and silver would be an important component of my overall investment strategy and the wonderful people at Augusta were there every step of the way for account setup, IRA transfer and explaining the many nuances of investing in gold and silver. The personal follow up has been tremendous. I would definitely recommend.

I was recommended Augusta by a friend. I was interested in learning more about a precious metals IRA. They set up a zoom meeting and I was provided with a very detailed presentation. Afterwards they answered all of my questions. They were very helpful and knowledgeable. I appreciated that they do not pressure you to open an account with their company.

I have dealt with Augusta in the past. This recent transaction was seamless. They are very patient with questions, and a pleasure to deal with. I wired the funds for a recent transaction. As soon as the funds arrived (that day), I received a verification call, and was asked what I wished to purchase. Prices were competitive. I will continue to deal with Augusta in the future.

There are a lot more verified reviews that you can read online or at the Augusta Precious Metals website.

Conclusion

Augusta Precious Metals is a reputable company that offers a wide range of products and services related to precious metals investing.

They have been in business for over 15 years and have a long track record of satisfied customers.

Augusta Precious Metals is a good choice for those looking to invest in gold or silver. However, it’s important to be aware that they charge various fees for their products and services.

If you’re new to Augusta Precious Metals there is also a one-time fee of $50 just to get started.

But overall, Augusta Precious Metals is trustworthy and worth considering if you’re interested in investing in gold or silver.

Thanks for reading our Augusta Precious Metals review! We hope this article was helpful in your research process.’

Jonah Ellingson

About the author

Jonah has worked as a professional journalist for more than a decade. He carries a B.A. in broadcast journalism and a Masters in Education from the University of Montana. His primary focus is on gold and silver IRAs, as well as all news and trending topics related to gold and silver investing. When he's not busy researching or writing, he can usually be found on a golf course.

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