Is Augusta Precious Metals a Scam?
Welcome to my review about Augusta Precious Metals!
Just like most companies being reviewed in this website, I am trying my best to give you thorough explanation and introduction of the companies that you would like to invest in.
Everyone’s onto investing in precious metals, this is because they are thought to be a good diversifier of our portfolio and hedge against inflation! So, money is ‘kind of’ safe with them. But, let us be vigilant and learn!
So, we’ll now review the company Augusta Precious Metals.
Are they worth investing in? Can I trust my money with them? Are they a legit company?
What is Augusta Precious Metals?
- Name: Augusta Precious Metals
- Founder/CEO: Isaac Nuriani
- Website: https://www.augustapreciousmetals.com/
- Price: $50,000 MINIMUM Investment + $50 Account Setting + Annual Fees of $80 custodian maintenance fee and a $100 storage fee
- Rating: 4.9/5.0
Augusta Precious Metals is a company that helps customers set up silver and gold self-directed IRAs and send IRS-approved metals to secure depositories. They were founded in 2012.
They introduce themselves as ‘your personal precious metals company – we’ll stand by you through retirement with lifetime service as a trusted source of information and quality products.‘
The company believes that commitment to service is very important in this industry. They train everyone within their company – from CEO to receptionist – to dedicate their service in helping retirement savers in diversifying their savings or investment portfolios with gold and silver.
As a result, they made three commitments guaranteeing that you’ll be receiving the best customer service in the precious metals industry.
Augusta takes pride in these three (3) commitments!
- TOTAL TRANSPARENCY – Augusta Precious Metals fully disclose “ask” to “bid” differential on purchases, they charge no hidden fees, update your transaction status, and answer questions any time.
- SIMPLICITY – Augusta Precious Metals helps you simplify your gold and silver purchases. They help you through preselecting product and even doing 95% of the legwork!
- CUSTOMIZED METALS PORTFOLIO – The company have professional gold & silver agents who shares the knowledge that you need to help you build a precious metals portfolio depending on your wants and goals.
More so, Augusta Precious Metals promises you of that they will be with you for a long-time in helping you diversify your wealth!
They are proud to say that even after you purchase precious metals or gold IRAs, they still help you understand and select precious metals products and services so that you’ll have no worries in diversifying your wealth.
Lastly, they take pride of the accreditation, high marks and ratings that they have from trusted and well-known institutions.
Services Offered by Augusta Precious Metals
Physical Gold and Silver IRA
Through the amendment of 1977 Taxpayer Relief Act, we can buy gold/silver in an Individual Retirement Account (IRA).
Augusta Precious Metals then helps you through this Act by having a Gold or Precious Metals IRA. This type of IRA will help you control your own physical precious metals assets, benefit from tax-advantaged savings, take advantage of the unique advantages of having alternative assets, and avoid mainstream banking and other financial uncertainties.
Aside from this, the benefit of having a Gold or Precious Metals IRA includes:
- Diversification and balance for your savings with time-tested assets
- Hedge against inflation
- Reduce the impact of economic turmoil on your savings
Here are some of the IRA Eligible Coins that you can have for your IRA:
Physical Silver & Gold Cash Purchases
Aside from IRAs, you can hold in the palms of your hand the physical silver and gold precious metals you own!
The benefits of having a physical silver & gold includes:
- High level of service from Augusta’s departments & professionals
- Free shipping & transit insurance
- Free, secure, private delivery
- All other advantages
- Access to Augusta’s gold and silver professionals
Products Offered by Augusta Precious Metals
Here are some of the gold and precious metals that are being offered in Augusta Precious Metals!
Common Gold Bullion
A gold bullion for your IRA must first meet the following requirements:
- At least 99.5% pure gold to be eligible for inclusion in an IRA
- However, the American Gold Eagle is the U.S. Mint’s flagship gold coin can be included in your IRA for 91.67%
- Must be produced by an approved refiner
Common Silver Bullion
A silver bullion for your IRA must meet the following requirements:
- Physical silver must be 99.9% pure
- Silver IRA may include American Silver Eagle and Canadian Silver Maple Leaf coins
Reviews and Ratings of Augusta Precious Metals
Augusta Precious Metals have the following reviews and ratings:
- Better Business Bureau (BBB) = A+ RATING
- Trustlink = 5.0 STAR RATING
- Google My Business = 4.8 STAR RATING
- Business Consumer Alliance = AAA RATING
- Facebook = 5.0 STAR RATING
- Membership in the National Ethics Association (Ethics.net)
- IRA Gold Advisor= Voted Most-Trusted in the U.S.
What I LIKE About Augusta Precious Metals
- Tons of Positive Ratings, Reviews, and Accreditation
As you have seen above, they are accredited by many and has a lot of positive recommendations and reviews!
- Offering Lifetime Customer Support
I think this is very important for everyone! We are not that knowledgeable when it comes to this stuff so having a lifetime customer support is an A+!
- Uses Simple Methods
Acquiring gold and precious metals have been made easy by Augusta Precious Metals! All the process and the complicated stuff will no longer worry anyone!
What I HATE About Augusta Precious Metals
- Can’t Order Online
This is because all their prices need to be confirmed on a recorded phone line by the Augusta confirmation department.
However, since everything is technology-based, being able to make transactions online and order in them is very important! They should consider this to keep up with the evolving technology!
- $50,000 MINIMUM Order
This is a very large amount, so I think it is not for everyone! This applies for both cash (non-IRA) purchases and for IRA purchases! Such a huge amount!
Is Augusta Precious Metals a Scam?
After you have read all the details we’ve indicate here,
the question is:
Is Augusta Precious Metals a Scam? DEFINITELY NO.
With that large amount of minimum investment, you’ll surely be paying for their services. So, they are definitely not a scam. Since we say that if something is too good be true, it probably is not! But that doesn’t apply in this company.
They offer superb services for a lifetime at a truly reasonable cost!
Their commitment to customer service is of the best, but yes it is costly!
So, they are not a SCAM. But, they are not for everyone because of its high cost of minimum investment.
Though Augusta Precious Metals is a very promising company, we should always remember that we are investing.
And with investments, comes risks!
This means that they “cannot guarantee, and makes no representation, that any metals purchased by a customer will appreciate at all or appreciate sufficiently to make a profit, and there is no certainty that any metals can be sold for a profit.”
So, what will you do?
Well, choose a trustworthy company that is within your reach!
Augusta Precious Metals is a very good company, but I would personally recommend to you GOLDCO!
GOLDCO is a company that offers gold and precious metals IRA just like Augusta Precious Metals, but what I love about them is indicated in my GOLDCO review! You’ll read it by clicking the button below!
Thank you for reading my review of Augusta Precious Metals!
I like them and by no means that I am defaming them.
I hope you find my honest reviews beneficial!
You can read more of my reviews here:
You can put your thoughts below on the comment box!