Not just is it backed by Joe Montana, it’s also one of the only gold individual retirement account companies without any unfavorable problems on the BBB. Should you trust them with your retirement cost savings? Here’s a detailed review of Augusta Precious Metals. Keep reading to find out the pros, cons, what sets them apart, and if there’s a much better gold IRA service provider.
To open a gold IRA, the account minimum is $50,000, which is higher than numerous competitors. But if you have the cash, they have lower yearly costs than some other business. Augusta Precious Metals might be the ideal gold IRA business for you if you: Are still undecided and desire to learn more about investing in gold prior to taking the leap, Wish to be directed through every action, Have at least $50,000 to rollover or invest If you only wish to invest a percentage into gold instead, check at Goldco.
Here are 3 factors that set Augusta Rare-earth elements apart. Investing your cost savings in gold can be scary, however Augusta Precious Metals takes the worry out of the equation. They think in educating their clients and putting in the time to understand your objectives. You don’t hurry into any huge choices.
They start by giving you a complimentary gold coin simply to find out about gold Individual retirement accounts. You’ll receive the “Ultimate Guide to Gold IRAs” and, more notably, a private video chat to teach you about purchasing gold, the threats and rewards, and rip-offs to prevent. And it does not stop there.
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Augusta Rare-earth elements’ preferred custodian is Equity Trust. They’re a self-directed IRA service provider with over 45 years of experience. They serve clients in all 50 states and hold over $34 billion in assets. Augusta will work as your liaison to Equity Trust. Naturally, you have access to them anytime you want.
Your gold and other rare-earth elements are saved with the IRS-compliant Delaware Depository, the exchange-approved depository for CME (Chicago Mercantile Exchange) and ICE (Intercontinental Exchange). In addition to the depository’s physical security, your gold and silver will be secured by $1 billion all-risk insurance coverage supplied by London underwriters. The Augusta ghysical gold and silver IRA is one of the best on the market, as you can see in the contrast with their rivals listed below.
They have never ever turned down a request. You can offer your gold by yourself, of course. However that involves finding a purchaser or regional gold dealership, and looking for the best rates. With Augusta Precious Metals, you can have comfort knowing they might purchase it back at competitive rates.
Your custodian can set up those check outs. Now that you’ve got a solid idea of what Augusta Valuable Metals is and the services they use, let’s compare it to other rare-earth elements individual retirement account providers worth considering. Here’s how Augusta Valuable Metals stands up to a few of its leading rivals: Goldco, Birch Gold Group, and Noble Gold.
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Goldco’s favored Custodian charges a flat yearly account service charge that includes a one-time IRA account set-up fee of $50, as well as a $30 wire cost. Yearly upkeep is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Charges for gold storage and custodianship can differ depending on the company you pick to deal with these services (needed by the internal revenue service, as all IRA assets need to be managed by a custodian).
Goldco does not charge any storage charges for money deals over $25,000. Depending on the choices you select, Goldco might have a somewhat higher annual cost than Augusta Valuable Metals. If you make at least $50,000 investment, they offer 5% back in premium silver.
One location Goldco stands out in is that they guarantee to purchase back your gold at the greatest rate. This offers you more security knowing that you’re not stuck with your gold and can offer it back at a good rate.
And they waive costs in the very first year for accounts over $50,000. Simply like Augusta Precious Metals, Birch Gold gets great reviews from customers.
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They have actually partnered with custodian Equity Trust to offer their gold and silver IRAs. Equity Trust has actually been around for over 45 years and holds over $34 billion in properties. And the gold and silver in your IRA is securely stored with depositories like Delaware Depository, which is safeguarded by $1 billion all-risk insurance coverage through London underwriters.
They have average customer scores of over 4. 9 stars. If you’re still worried, have a look at this useful guide from the CTFC on how to identify precious metals fraud. Augusta Valuable Metals is best for retirement investors thinking about preserving their wealth and diversifying their cost savings. And who desire to invest a minimum of $50,000 into gold.
There’s no surefire method of knowing which metal is the best to purchase. Precious metals can be a good method to diversify your assets and hedge against stock market volatility.
However their fees are comparable to other gold individual retirement account providers. Note: This website is made possible through monetary relationships with some of the products and services discussed on this site. We may receive compensation if you shop through links in our content. You do not need to use our links, but you assist support Credit, Donkey if you do.