Not just is it endorsed by Joe Montana, it’s also one of the only gold IRA companies without any unfavorable complaints on the BBB. Should you trust them with your retirement cost savings? Here’s an in-depth review of Augusta Precious Metals. Keep reading to learn the pros, cons, what sets them apart, and if there’s a much better gold individual retirement account service provider.
To open a gold individual retirement account, the account minimum is $50,000, which is greater than numerous rivals. If you have the money, they have lower yearly fees than some other companies. Augusta Precious Metals may be the ideal gold individual retirement account company for you if you: Are still undecided and want to find out about buying gold before taking the leap, Wish to be guided through every action, Have at least $50,000 to rollover or invest If you only wish to invest a small quantity into gold rather, check at Goldco.
Here are 3 reasons that set Augusta Valuable Metals apart. Investing your savings in gold can be scary, but Augusta Precious Metals takes the worry out of the equation.
They begin by offering you a totally free gold coin simply to find out about gold Individual retirement accounts. You’ll receive the “Ultimate Guide to Gold IRAs” and, more importantly, a personal video chat to teach you about investing in gold, the risks and rewards, and frauds to prevent. And it doesn’t stop there.
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Augusta Precious Metals’ favored custodian is Equity Trust. They’re a self-directed individual retirement account supplier 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. Of course, you have access to them anytime you desire.
Your gold and other valuable 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 safeguarded by $1 billion all-risk insurance coverage provided 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 contrast with their rivals listed below.
They have actually never turned down a request. You can sell your gold by yourself, of course. That includes discovering a buyer or regional gold dealer, and browsing for the best rates. With Augusta Rare-earth Elements, you can have comfort understanding they might purchase it back at competitive rates.
Your custodian can arrange those sees. Now that you’ve got a strong concept of what Augusta Precious Metals is and the services they offer, let’s compare it to other rare-earth elements individual retirement account service providers worth thinking about. Here’s how Augusta Rare-earth elements stands up to a few 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 that includes a one-time IRA account set-up cost of $50, as well as a $30 wire charge. 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 on the business you pick to handle these services (needed by the internal revenue service, as all individual retirement account possessions need to be managed by a custodian).
35% to 1% yearly. Goldco does not charge any storage fees for money transactions over $25,000. Let’s start with some crucial statistics. Goldco has a minimum financial investment of $25,000. Depending on the choices you choose, Goldco could have a slightly higher 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 assure to buy back your gold at the greatest rate. This offers you more security understanding that you’re not stuck with your gold and can offer it back at a great cost.
And they waive costs in the very first year for accounts over $50,000. Simply like Augusta Valuable Metals, Birch Gold gets fantastic reviews from customers.
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They’ve 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 possessions. And the gold and silver in your individual retirement account is securely stored with depositories like Delaware Depository, which is safeguarded by $1 billion all-risk insurance coverage through London underwriters.
They have average consumer rankings of over 4. 9 stars. If you’re still concerned, take a look at this useful guide from the CTFC on how to recognize precious metals fraud. Augusta Precious Metals is best for retirement financiers thinking about protecting their wealth and diversifying their cost savings. And who want to invest a minimum of $50,000 into gold.
However, there’s no surefire way of understanding which metal is the finest to purchase. Forecasting the market is challenging, and even specialists often make mistakes. Precious metals can be an excellent way to diversify your properties and hedge versus stock exchange volatility. They do not generate extra wealth and do not have the development capacity of stocks.
Their fees are similar to other gold IRA service providers. Keep in mind: This website is made possible through monetary relationships with some of the items and services mentioned on this site.