Not just is it backed by Joe Montana, it’s also one of the only gold individual retirement account business without any unfavorable grievances on the BBB. Should you trust them with your retirement savings? Here’s a comprehensive review of Augusta Precious Metals. Continue reading to discover the pros, cons, what sets them apart, and if there’s a much better gold individual retirement account provider.
To open a gold IRA, the account minimum is $50,000, which is greater than lots of competitors. However if you have the money, they have lower annual costs than some other companies. Augusta Valuable Metals might be the right gold IRA company for you if you: Are still undecided and desire to learn more about purchasing gold prior to taking the leap, Wish to be directed through every step, Have at least $50,000 to rollover or invest If you just wish to invest a percentage into gold instead, check at Goldco.
Here are 3 reasons that set Augusta Precious Metals apart. Investing your cost savings in gold can be scary, but Augusta Precious Metals takes the fear out of the equation. They think in informing their clients and taking the time to understand your goals. You do not rush into any huge decisions.
They begin by giving you a complimentary gold coin simply to find out about gold IRAs. You’ll get the “Ultimate Guide to Gold IRAs” and, more importantly, a personal video chat to teach you about purchasing gold, the risks and rewards, and rip-offs to avoid. And it does not stop there.
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Augusta Valuable Metals’ favored custodian is Equity Trust. They’re a self-directed individual retirement account supplier with over 45 years of experience. They serve consumers in all 50 states and hold over $34 billion in properties. Augusta will work as your liaison to Equity Trust. Naturally, you have access to them anytime you desire.
Your gold and other rare-earth elements are stored 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 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.
That involves finding a purchaser or local gold dealership, and browsing for the best prices. With Augusta Precious Metals, you can have peace of mind understanding they could purchase it back at competitive prices.
Your custodian can organize those visits. 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 suppliers worth considering. Here’s how Augusta Valuable Metals stands up to a few of its leading competitors: Goldco, Birch Gold Group, and Noble Gold.
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Goldco’s favored Custodian charges a flat yearly account service charge 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 upon the business you choose to manage these services (needed by the IRS, as all IRA properties must be handled by a custodian).
Goldco does not charge any storage costs for money deals over $25,000. Depending on the alternatives you select, Goldco might have a slightly higher annual fee than Augusta Valuable Metals. If you make at least $50,000 financial investment, they offer 5% back in premium silver.
Consumers provide Goldco similar reviews. Both companies are known for individualized service and excellent consumer support. One area Goldco stands out in is that they guarantee to redeem your gold at the highest cost. This offers you more security understanding that you’re not stuck with your gold and can offer it back at a great price.
And they waive charges in the very first year for accounts over $50,000. Just like Augusta Valuable Metals, Birch Gold gets great evaluations from consumers. You get a devoted expert for the entire life of your account with Birch. This expert will understand your financial requirements and goals, and can give tailored advice to assist you finest reach your objectives.
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They’ve partnered with custodian Equity Trust to provide their gold and silver Individual retirement accounts. Equity Trust has actually been around for over 45 years and holds over $34 billion in assets. And the gold and silver in your IRA is securely stored with depositories like Delaware Depository, which is secured by $1 billion all-risk insurance through London underwriters.
They have average customer scores of over 4. 9 stars. If you’re still worried, have a look at this handy guide from the CTFC on how to identify precious metals fraud. Augusta Valuable Metals is best for retirement investors thinking about maintaining their wealth and diversifying their savings. And who desire to invest at least $50,000 into gold.
There’s no surefire way of knowing which metal is the best to buy. Forecasting the marketplace is difficult, and even experts often make mistakes. Precious metals can be a good way to diversify your possessions and hedge against stock exchange volatility. They don’t create extra wealth and do not have the growth capacity of stocks.
Their costs are equivalent to other gold IRA service providers. Note: This site is made possible through financial relationships with some of the items and services pointed out on this site.