Not just is it backed by Joe Montana, it’s also among the only gold IRA business without any unfavorable problems on the BBB. Should you trust them with your retirement savings? Here’s an in-depth evaluation of Augusta Valuable Metals. Keep reading to learn the pros, cons, what sets them apart, and if there’s a much better gold IRA provider.
To open a gold individual retirement account, the account minimum is $50,000, which is greater than lots of competitors. If you have the money, they have lower annual costs than some other companies. Augusta Rare-earth elements may be the ideal gold IRA company for you if you: Are still undecided and wish to find out about investing in gold before taking the leap, Wish to be assisted through every action, Have at least $50,000 to rollover or invest If you just wish to invest a little quantity into gold rather, check at Goldco.
Here are 3 reasons that set Augusta Precious Metals apart. Investing your cost savings in gold can be frightening, but Augusta Precious Metals takes the worry out of the formula.
They begin by giving you a complimentary gold coin just to learn more about gold Individual retirement accounts. You’ll get the “Ultimate Guide to Gold IRAs” and, more significantly, a personal video chat to teach you about buying gold, the threats and rewards, and rip-offs to prevent. And it does not stop there.
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Augusta Precious Metals’ preferred custodian is Equity Trust. They’re a self-directed individual retirement account company with over 45 years of experience. They serve customers in all 50 states and hold over $34 billion in properties. Augusta will serve as your liaison to Equity Trust. Naturally, you have access to them anytime you want.
Your gold and other valuable metals 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 safeguarded by $1 billion all-risk insurance supplied by London underwriters. The Augusta ghysical gold and silver IRA is one of the very best on the market, as you can see in the comparison with their competitors below.
That includes discovering a purchaser or regional gold dealership, and browsing for the finest costs. With Augusta Valuable Metals, you can have peace of mind understanding they might purchase it back at competitive rates.
Your custodian can set up those sees. Now that you have actually got a strong concept of what Augusta Precious Metals is and the services they use, let’s compare it to other valuable metals individual retirement account providers worth thinking about. Here’s how Augusta Valuable Metals stands up to a few of its top rivals: Goldco, Birch Gold Group, and Noble Gold.
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Goldco’s preferred Custodian charges a flat annual account service charge that includes a one-time IRA account set-up cost of $50, in addition to 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 upon the company you choose to manage these services (required by the IRS, as all individual retirement account assets need to be managed by a custodian).
Goldco does not charge any storage fees for cash deals over $25,000. Depending on the alternatives you choose, Goldco might have a slightly greater annual cost than Augusta Precious 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 promise to buy back your gold at the highest cost. This provides you more security knowing that you’re not stuck with your gold and can offer it back at an excellent cost.
And they waive charges in the first year for accounts over $50,000. Just like Augusta Valuable Metals, Birch Gold gets fantastic reviews from clients.
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They have actually partnered with custodian Equity Trust to supply their gold and silver Individual retirement accounts. 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 stored with depositories like Delaware Depository, which is protected 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, take a look at this helpful guide from the CTFC on how to identify precious metals scams. Augusta Precious Metals is best for retirement financiers thinking about protecting their wealth and diversifying their savings. And who want to invest at least $50,000 into gold.
There’s no guaranteed method of understanding which metal is the finest to purchase. Precious metals can be a great method to diversify your possessions and hedge against stock market volatility.
However their charges are comparable to other gold individual retirement account suppliers. Note: This website is enabled through monetary relationships with some of the items and services mentioned on this site. We might receive compensation if you go shopping through links in our content. You do not have to utilize our links, but you help support Credit, Donkey if you do.