Not only is it backed by Joe Montana, it’s also among the only gold IRA business without any negative grievances on the BBB. Should you trust them with your retirement savings? Here’s an in-depth evaluation of Augusta Valuable Metals. Read on to discover the pros, cons, what sets them apart, and if there’s a better gold IRA provider.
To open a gold individual retirement account, the account minimum is $50,000, which is higher than numerous rivals. If you have the money, they have lower annual fees than some other business. Augusta Precious Metals might be the ideal gold IRA business for you if you: Are still unsure and wish to learn more about purchasing gold prior to taking the leap, Want to be assisted through every step, Have at least $50,000 to rollover or invest If you just desire to invest a percentage into gold instead, check at Goldco.
Here are 3 factors that set Augusta Precious Metals apart. Investing your cost savings in gold can be frightening, however Augusta Valuable Metals takes the fear out of the formula.
They start by giving you a free gold coin simply to learn about gold Individual retirement accounts. You’ll get the “Ultimate Guide to Gold IRAs” and, more importantly, a private video chat to teach you about buying gold, the dangers and benefits, and rip-offs to prevent. And it doesn’t stop there.
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Augusta Rare-earth elements’ favored custodian is Equity Trust. They’re a self-directed individual retirement account company 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 desire.
Your gold and other valuable metals are kept 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 protected by $1 billion all-risk insurance coverage offered by London underwriters. The Augusta ghysical gold and silver individual retirement account is one of the very best on the market, as you can see in the contrast with their competitors listed below.
However, they have never declined a demand. You can sell your gold on your own, obviously. However that involves discovering a purchaser or local gold dealer, and searching for the very best costs. With Augusta Precious Metals, you can have comfort knowing they could buy it back at competitive prices.
Your custodian can set up those sees. Now that you’ve got a strong idea of what Augusta Precious Metals is and the services they use, let’s compare it to other rare-earth elements individual retirement account service providers worth considering. Here’s how Augusta Valuable Metals withstands some of its top competitors: Goldco, Birch Gold Group, and Noble Gold.
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Goldco’s favored Custodian charges a flat annual account service cost which includes a one-time IRA account set-up charge of $50, in addition to a $30 wire cost. Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Costs for gold storage and custodianship can differ depending on the company you choose to deal with these services (needed by the IRS, as all individual retirement account assets must be managed by a custodian).
Goldco does not charge any storage charges for money transactions over $25,000. Depending on the options you select, Goldco might have a slightly greater annual fee than Augusta Valuable Metals. If you make at least $50,000 financial investment, they provide 5% back in premium silver.
One area Goldco stands out in is that they promise to buy back your gold at the highest cost. This offers you more security knowing that you’re not stuck with your gold and can offer it back at a good price.
And they waive charges in the very first year for accounts over $50,000. Much Like Augusta Rare-earth Elements, Birch Gold gets terrific evaluations from clients. You get a dedicated expert for the entire life of your account with Birch. This expert will comprehend your monetary requirements and objectives, and can offer individualized advice to help you best reach your goals.
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They have actually partnered with custodian Equity Trust to supply their gold and silver IRAs. Equity Trust has been around for over 45 years and holds over $34 billion in assets. And the gold and silver in your individual retirement account is safely saved with depositories like Delaware Depository, which is protected by $1 billion all-risk insurance coverage through London underwriters.
They have typical customer scores of over 4. 9 stars. If you’re still worried, take an appearance at this helpful guide from the CTFC on how to determine rare-earth elements scams. Augusta Valuable Metals is best for retirement financiers thinking about maintaining their wealth and diversifying their savings. And who desire to invest a minimum of $50,000 into gold.
However, there’s no guaranteed way of knowing which metal is the best to buy. Predicting the market is tricky, and even experts frequently make mistakes. Precious metals can be an excellent way to diversify your properties and hedge versus stock market volatility. Nevertheless, they do not produce extra wealth and don’t have the growth potential of stocks.
Their charges are comparable to other gold IRA service providers. Keep in mind: This site is made possible through monetary relationships with some of the items and services mentioned on this site.