Augusta Precious Metals Review 2022: Pros and Cons

Updated: August 4, 2022 by Bill Burniece

Deciding what to invest your money in is one of the most important decisions in your retirement planning.

Augusta Precious Metals offers some great choices to help you diverisfy your investments.

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When you choose Augusta Precious Metals, you will get far more than just precious metals products and services.

You will gain access to their entire team of gold and silver professionals for the lifetime of your account.

They set the standard when it comes to gold IRA’s and physical precious metals.

Our Augusta Precious Metals review on this page will address both the pros and cons to help you decide if they are a good fit for you.

Who Is Augusta Precious Metals?

Augusta Precious Metals is based in Casper, Wyoming in the United States.

They are one of the most respected Gold IRA providers in the industry.

The respect is earned from a team of precious metals professionals that populate their education department are led by an on-staff Harvard-trained economist.

It doesn’t get any better than that.

This expertise is especially important during times of uncertainty and economic upheaval.

They understand how to structure an Augusta Precious Metals IRA that can potentially offset losses during periods of market chaos.

And it’s not just their in-house education department.

Every Augusta team member is dedicated to helping you diversify and safeguard your retirement with gold & silver bullion and premium coins.

Augusta Precious Metals assists every customer  with a group of gold and silver professionals that follow a streamlined system and process.

From small investor to whale, they treat every customer like a million dollar customer.

Including you.

Services Provided By Augusta Precious Metals

1. Gold & Silver Cash Purchases

If you are an investor who likes to take possession of your precious metals outside of an IRA, Augusta Precious Metals can offer you cash purchases.

In fact, they’ll discreetly ship them right to your home.

  • Your cash purchase will be handled by Augusta’s professional high-level service team
  • You’ll get free shipping and transit insurance to guarantee your assets arrive without any problems
  • You only take responsibilty for your metals after you sign for them upon successful delivery

Once you manage and control your metal assets, you can store them any way you like and avoid digital records systems.

2. Self-Directed Gold & Silver IRA

The Augusta Precious Metals self-directed IRA came about from the 1997 Taxpayer Relief Act created to expand and diversify your retirement savings options.

The advantages of the self-directed IRA are:

  • Having the peace of mind of diversifying your savings with time-tested assets that have always carried value
  • Hedging your investment against inflation if monetary policies of the Federal Reserve devalue the dollar, which could reduce your overall wealth
  • Reduced the impact of potential economic turmoil on your savings with natural diversifying characteristics of gold and silver

Augusta Precious Metals Commitments

The company philosophy follows three fundamental pillars to earn your trust:

Transparency

Integrity and trust are built on truth, disclosure, and effective communication.

Simplicity

They have installed a streamlined buying process that includes paperwork assistance. They make doing business easy.

Service

Their gold & silver agents will share industry knowledge with you that others guard.

Why Augusta Precious Metals Partnered With Joe Montana

Super Joe Montana needs no introduction.

Obviously Joe never worries about money and has plenty of it to invest in anything he wants.

He’s not the spokesperson for Augusta Precious Metals because he needs more money either.

He invested in Augusta after a tip from a friend.

Like other smart investors, Joe did his due diligence including reaching out to Augusta’s director of education Devlyn Steele to make sure he understood his investment options.

joe montana - augusta spokesperson

OK, Joe Montana clearly likes Augusta Precious Metals.

What about non-celebrity clients?

Below are the ratings from 9 of the most popular consumer review resources.

Augusta Consumer Website Ratings

1. TrustLink: 5/5 star rating (based on 278 reviews)

TrustLink is a review platform that includes review options for personal, home, and professional services.

Augusta has made the TrustLink “Best Of” list for several years.

2. Google My Business: 4.9/5 star rating (based on 221 reviews)

Google needs no introduction. Most people don’t know that they have a review platform too.

You can find reviews for many businesses there including Augusta where they have a nearly flawless rating.

3. Better Business Bureau: 4.97/5 star rating (based on 100 reviews)

The Better Business Bureau (BBB) rating system is controversial to say the least.

But I believe the good outweighs the bad and their non-profit organization has been helping people rate businesses for more than 100 years.

4. Facebook: 4.8/5 star rating (based on 79 reviews)

Facebook reviews are trustworthy for the most part although occassionally you’ll find bogus information that goes unverified.

Facebook reviews are based on a 5 star system, but you can also choose between “recommend” or “not recommend”.

5. Consumer Affairs 5/5 star rating (based on 53 reviews)

Consumer Affairs lists Augusta Precious Metals as an Authorized Partner and has published a large number of glowing reviews from their customers.

6. Business Consumer Alliance: AAA Rating (based on 85 reviews)

The Business Consumer Alliance rating is generated from several factors including the length of time the company has been in business, business type, licensing status, complaint history, and overall customer experience.

7. Ethics.net

Augusta Precious Metals is a proud member of the National Ethics Association (NEA).

The NEA is devoted to aiding consumers with the increasingly difficult task of conducting due diligence on business professionals and companies. 

8. IRA Gold Advisor

Augusta Precious Metals holds the coveted #1 spot as “Most-Trusted Gold IRA Company In the United States” with the gold IRA website IRAGoldAdvisor.com.

As industry awards go, this is a big deal.

9. Stevie® Awards

The Stevie Awards are some of the world’s most coveted business awards. They are judged by respected business educators, executives, innovators, entrepreneurs, and other business leaders.

Augusta has received two Stevie Awards: one for Customer Service Success, and another for Sales Distinction Of The Year.

Augusta Precious Metals Fees

Augusta Precious Metals requires a purchase of at least $50,000 for an IRA or non-IRA.

There is a one-time $50 fee to set-up your new account.

Gold and silver IRA owners pay an $80 annual maintenance fee to Augusta’s preferred custodian. There is a $100 annual storage fee for storing precious metals at the company’s preferred depository.

If you store your own precious metals there is no fee.

The Cost Of Coins And Bullion

The cost of coins and bullion purchased through Augusta Precious Metals depends on current market rates and gold and silver spot prices.

Augusta does offer you a price-match guarantee to ensure you are getting the best possible purchase price.

Augusta charges a markup of about 5% over cost on purchases of gold and silver bullion coins.

The company does not charge shipping and transit fees on qualifying orders.

Summary

Based on a rock solid reputation and scores of positive Augusta Precious Metals reviews, it is understandable why they are widely considered the #1 gold IRA company in the United States.

If you are comfortable with the minimum investment of $50,000, Augusta Precious Metals is well worth your consideration.

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