Not only is it backed by Joe Montana, it’s also among the only gold individual retirement account companies without any negative grievances on the BBB. Should you trust them with your retirement savings? Here’s an in-depth review of Augusta Precious Metals. Continue reading to discover 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 greater than many competitors. If you have the cash, they have lower yearly fees than some other companies. Augusta Rare-earth elements may be the ideal gold IRA business for you if you: Are still uncertain and wish to learn more about buying gold prior to taking the leap, Want to be guided through every action, Have at least $50,000 to rollover or invest If you only wish to invest a little quantity into gold instead, check at Goldco.
Here are 3 reasons that set Augusta Valuable Metals apart. Investing your cost savings in gold can be scary, however Augusta Precious Metals takes the worry out of the formula.
They begin by providing 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 purchasing gold, the risks and benefits, and rip-offs to avoid. And it doesn’t 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 assets. Augusta will act as your liaison to Equity Trust. Of course, 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 secured by $1 billion all-risk insurance coverage offered by London underwriters. The Augusta ghysical gold and silver IRA is among the best on the marketplace, as you can see in the comparison with their competitors below.
That involves discovering a buyer or regional gold dealer, and browsing for the best prices. With Augusta Valuable Metals, you can have peace of mind knowing they might purchase it back at competitive costs.
Your custodian can organize those gos to. Now that you’ve got a strong concept of what Augusta Precious Metals is and the services they provide, let’s compare it to other valuable metals IRA providers worth thinking about. Here’s how Augusta Precious Metals stands up to some of its top competitors: Goldco, Birch Gold Group, and Noble Gold.
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Goldco’s preferred Custodian charges a flat annual account service charge which includes a one-time IRA account set-up cost 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 vary depending on the company you pick to deal with these services (required by the internal revenue service, as all IRA assets should be managed by a custodian).
Goldco does not charge any storage charges for cash transactions over $25,000. Depending on the choices you select, Goldco might have a somewhat higher yearly fee than Augusta Valuable Metals. If you make at least $50,000 investment, they use 5% back in premium silver.
One location Goldco stands out in is that they assure to purchase back your gold at the highest cost. This offers you more security knowing that you’re not stuck with your gold and can sell it back at a good cost.
And they waive costs in the first year for accounts over $50,000. Simply like Augusta Precious Metals, Birch Gold gets fantastic evaluations from clients.
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They have actually partnered with custodian Equity Trust to offer 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 securely saved with depositories like Delaware Depository, which is secured by $1 billion all-risk insurance coverage through London underwriters.
They have typical client scores of over 4. 9 stars. If you’re still concerned, have a look at this valuable guide from the CTFC on how to identify valuable metals fraud. Augusta Precious Metals is best for retirement financiers thinking about maintaining their wealth and diversifying their cost savings. And who wish to invest a minimum of $50,000 into gold.
There’s no guaranteed way of knowing which metal is the finest to purchase. Anticipating the marketplace is challenging, and even experts often make errors. Valuable metals can be an excellent way to diversify your possessions and hedge versus stock exchange volatility. However, they don’t create extra wealth and do not have the growth potential of stocks.
Their costs are comparable to other gold IRA companies. Keep in mind: This site is made possible through monetary relationships with some of the products and services mentioned on this site. We might receive settlement if you go shopping through links in our material. You do not need to utilize our links, but you assist support Credit, Donkey if you do.