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Goldco vs Augusta Precious Metals: New Winner for 2024?

By Jonah Ellingson


Disclaimer: This is not financial advice. We recommend consulting with a professional for guidance specific to your situation. We may earn a small referral fee for some of the companies mentioned in this post.

Gold and silver IRAs have become increasingly popular in recent years as a way to hedge against inflation.

Goldco and Augusta Precious Metals are two of the most popular companies in this space, offering investors a wide range of options when it comes to precious metals IRA accounts.

In this article, we’ll take a detailed look at both companies, comparing their fees, investment options, and customer service in order to help you decide which one is right for you.

What Goldco and Augusta Precious Metals Offer

Goldco’s Key Features

silver offer from Goldco

Goldco is a well-established gold and silver IRA investment company, offering a wide range of products and services to its clients.

They offer both traditional and Roth IRA accounts, as well as SEP and SIMPLE IRAs for small businesses.

Goldco also offers a wide variety of precious metals to invest in, including gold, silver, platinum, and palladium.

Lastly, they are one of the few companies that allow you to use physical gold or silver as collateral for your IRA account.

Here are some pros and cons of investing with Goldco:

Pros

  • Established company with a good reputation
  • Wide range of investment options
  • Allows you to use physical gold or silver as collateral for your IRA
  • Low annual fees
  • Free IRA and 401k Rollovers
  • Free storage for non-ira precious metals

Cons

  • Some complaints about high fees

goldco free silver

Augusta Precious Metals Key Features

six gold bars stacked in a pyramid

Augusta Precious Metals is another well-respected gold and silver IRA investment company.

They offer a wide range of precious metals to invest in, including gold, silver, platinum, and palladium.

Augusta also offers a variety of IRA account types, including traditional, Roth, SEP, and SIMPLE IRAs.

They have a low minimum investment amount of $5,000, which makes them a good choice for investors just starting out.

Here are some pros and cons of investing with Augusta Precious Metals:

Pros

  • Well-respected company with a good reputation
  • Wide range of investment options
  • Low minimum investment amount
  • Free one-on-one investment seminars offered
  • Will cover 100% of IRA fees for 10 years based on size of your account

Cons

  1. Some complaints about high fees
  2. Limited customer service hours

apm gold banner

Rollover Comparison: How the Process Works with Each Compay

The Goldco Rollover Process

Goldco offers a wide variety of IRA account types that can be rolled over into a gold or silver IRA, including traditional, Roth, SEP, and SIMPLE IRAs.

RELATED: Our Review of Goldco

The rollover process is simple and straightforward and can be done either online or over the phone.

Goldco also offers a free IRA Rollover Kit to help investors through the process.

The Augusta Precious Metals Rollover Process

Augusta Precious Metals offers a wide variety of IRA account types that can be rolled over into a gold or silver IRA, including traditional, Roth, SEP, and SIMPLE IRAs.

RELATED: Our Review of Augusta Precious Metals

The rollover process is simple and straightforward, and can be done either online or over the phone.

Augusta also offers a free IRA Rollover Kit to help investors through the process.

Accounts that Are Typically Available for Rollovers

  • Roth 401k
  • Roth 457b
  • Traditional 401k
  • Traditional IRA
  • SEP IRA
  • SIMPLE IRA
  • Roth IRA

Fees: Which Company is More Expensive?

a person holds a stack of dollar bills

Goldco Fees

The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50. as well as a $30 wire fee. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.

Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. Goldco does not charge any storage fees for cash transactions over $25,000.

Augusta Precious Metals Fees

Augusta Precious Metals charges a $49.95 setup fee, a $35 annual fee, and no storage fees. There are also miscellaneous fees for things like buying and selling gold or silver.

Tips for Deciding if a Precious Metals IRA is Right for You

Precious metals IRAs can be a good investment choice for several reasons.

  • They offer the potential for protection against inflation.
  • They can provide diversification for your portfolio.
  • They have the potential to provide long-term growth potential.
  • Precious metals IRAs can be self-directed, which means you have more control over your investment choices.

There are also some drawbacks to precious metals IRAs. First, they may be subject to higher fees than other types of IRA accounts.

Second, they may be less liquid than other investments, meaning it may be difficult to sell your assets quickly if you need to access cash.

Finally, precious metals prices can be volatile, which means their value could go up or down in the short-term.

Here are some pros and cons of investing in a precious metals IRA:

Pros

  • Can offer protection against inflation
  • Can provide diversification for your portfolio
  • Has the potential to provide long-term growth potential
  • You have more control over your investment choices with a self-directed IRA

Cons

  • May be subject to higher fees than other types of IRA accounts
  • May be less liquid than other investments, meaning it may be difficult to sell your assets quickly if you need to access cash
  • Precious metals prices can be volatile, which means their value could go up or down in the short-term

If you’re considering a precious metals IRA then you should talk to a certified financial planner or investment advisor to decide if it’s the best choice for you.

Summary

Both Goldco and Augusta Precious Metals are well-respected gold and silver IRA investment companies with a good reputation.

They both offer a wide range of investment options, including traditional and Roth IRA accounts, as well as SEP and SIMPLE IRAs for small businesses. Goldco has a slightly lower minimum IRA investment amount of $25,000, while Augusta has a minimum IRA investment amount of $50,000.

Overall, Goldco and Augusta Precious Metals are both great choices for investors looking to rollover their IRA into a gold or silver IRA.

They both have a wide range of investment options, low fees, and good customer service.

Talk to your certified financial advisor, to determine if working with a company like Goldco or Augusta Precious Metals is the right choice for you.

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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