Not only is it endorsed by Joe Montana, it’s also among the only gold IRA companies without any negative grievances on the BBB. Should you trust them with your retirement cost savings? Here’s an in-depth evaluation of Augusta Precious Metals. Continue reading to discover the pros, cons, what sets them apart, and if there’s a better gold IRA company.
To open a gold IRA, the account minimum is $50,000, which is higher than many rivals. But if you have the money, they have lower annual charges than some other companies. Augusta Valuable Metals may be the right gold individual retirement account company for you if you: Are still unsure and wish to discover buying gold prior to taking the leap, Want to be directed through every step, 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 Precious Metals apart. Investing your savings in gold can be frightening, however Augusta Precious Metals takes the worry out of the formula.
They start 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 significantly, a private video chat to teach you about investing in gold, the threats and benefits, and rip-offs to avoid. And it does not stop there.
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They’re a self-directed IRA service provider with over 45 years of experience. Augusta will serve as your intermediary to Equity Trust.
Your gold and other precious metals 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 provided by London underwriters. The Augusta ghysical gold and silver IRA is among the very best on the marketplace, as you can see in the contrast with their competitors below.
That includes finding a purchaser or local gold dealer, and browsing for the finest rates. With Augusta Valuable Metals, you can have peace of mind understanding they could purchase it back at competitive costs.
Your custodian can arrange those visits. Now that you’ve got a strong idea of what Augusta Precious Metals is and the services they offer, let’s compare it to other precious metals individual retirement account suppliers worth thinking about. Here’s how Augusta Rare-earth elements withstands a few 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 charge which includes a one-time IRA account set-up charge of $50, along with a $30 wire fee. Annual upkeep is $100, and storage is $150 for segregated storage or $100 for non-segregated storage. Costs for gold storage and custodianship can vary depending on the business you choose to deal with these services (needed by the IRS, as all individual retirement account properties need to be managed by a custodian).
35% to 1% every year. Goldco does not charge any storage fees for cash transactions over $25,000. Let’s start with some crucial statistics. Goldco has a minimum investment of $25,000. Depending upon the options you choose, Goldco might have a somewhat greater annual cost than Augusta Precious Metals. If you make at least $50,000 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 price. This provides you more security knowing that you’re not stuck with your gold and can offer it back at an excellent rate.
And they waive fees in the very first year for accounts over $50,000. Simply like Augusta Precious Metals, Birch Gold gets fantastic evaluations from consumers.
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They have actually partnered with custodian Equity Trust to supply their gold and silver Individual retirement accounts. Equity Trust has actually been around for over 45 years and holds over $34 billion in properties. And the gold and silver in your individual retirement account is safely stored with depositories like Delaware Depository, which is secured by $1 billion all-risk insurance through London underwriters.
They have typical customer scores of over 4. Augusta Precious Metals is best for retirement investors interested in preserving their wealth and diversifying their cost savings. And who want to invest at least $50,000 into gold.
There’s no surefire method of knowing which metal is the finest to purchase. Valuable metals can be a good method to diversify your assets and hedge versus stock market volatility.
Their fees are similar to other gold IRA companies. Keep in mind: This website is made possible through financial relationships with some of the items and services mentioned on this site.