Augusta Precious Metals Review 2024: Fees, Pros, Cons & More

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Last Updated: November 16, 2023

In the world of precious metals investing, few names stand out as prominently as Augusta Precious Metals. With a reputation for excellence, transparency, and customer-centric services, Augusta has carved a niche for itself in the industry. This Augusta Precious Metals review delves deep into their offerings, shedding light on its operations, fees, and why it might be the right choice for your precious metals investment needs.

Key Highlights

  • Augusta offers a streamlined 3-step process for setting up a Gold & Silver IRA.
  • The company boasts a transparent fee structure with no hidden charges.
  • Augusta’s customer reviews and feedback are overwhelmingly positive, reflecting their commitment to client satisfaction.

Augusta Precious Metals Overview

Augusta Precious Metals
Most Trusted Gold IRA Company for 2024
9.7/10Our Score

Want to Work with Gold IRA Company You Can Trust?

Here's Why We Recommend Augusta:

  • A+ BBB Rating
  • ZERO BBB Complaints  
  • Avoids High-Pressure Sales Tactics
  • Simple 3-Step Gold IRA Process
  • Free Gold on Qualified Orders

"They won't just sell you. They'll educate you, so you can make your own decision." -Mark Levin, Host of The Mark Levin Show

Augusta Precious Metals stands out as a leading Gold IRA Provider, renowned for its deep experience and unwavering dedication to service. The company’s ethos is built on the foundation of being distinctively different, aiming to be the best gold IRA company in the industry. Here’s a deeper look into what makes Augusta Precious Metals unique:

  1. Commitment to Clients: Augusta’s commitment to its clients is unparalleled in the industry. Every team member at Augusta is devoted to assisting individuals in diversifying their retirement savings with gold and silver bullion, as well as premium coins. This commitment is not just superficial; it’s deeply ingrained in their operations, ensuring that customers always receive the best service.
  2. Three Core Commitments:
    • Transparency: Augusta believes that integrity is a critical differentiator in the industry. By being transparent in all their dealings, they ensure that clients always know what they’re getting into.
    • Simplicity: Augusta has preselected products, a streamlined buying process, and offers assistance with paperwork, making the entire investment process hassle-free for clients.
    • Service: The company prides itself on sharing knowledge that others might withhold. They provide options tailored to match individual savings goals and have a team of professional gold & silver purchasing customer service representatives.
  3. Educational Approach: Augusta Precious Metals emphasizes education. Their education department, led by a Harvard-trained economic analyst, educates investors on the benefits of an Augusta Precious Metals IRA. They highlight how such assets can diversify savings and act as a stable hedge during economic transitions.
  4. Long-Term Partnership: Unlike some gold companies that might view clients as mere transactions, Augusta believes in forging long-term relationships. They assist clients in learning about precious metals products, help them add gold and silver over time, provide peace of mind with a dedicated team, manage distributions during liquidation, and even guide in building accounts as legacies for families.
  5. Consumer Ratings: Augusta has received stellar ratings from various consumer websites, reflecting their commitment to excellence. They boast a 4.95 rating from the Better Business Bureau, a 5.0 rating on TrustLink, a 4.9 rating on Google My Business, and many more. These ratings are a testament to Augusta’s dedication to customer satisfaction and trustworthiness.
  6. Mission Statement: Augusta’s mission is clear and straightforward – to educate and empower Americans to diversify their retirement savings and prepare for the future.

In essence, Augusta Precious Metals is not just another gold IRA company; it’s a partner that stands by its clients, offering them the knowledge, tools, and support they need to make informed decisions about their financial future.

Augusta Precious Metals Gold & Silver IRA: Their 3-Step Set Up Process

a husband and wife set up a gold ira with Augusta precious metals

In the realm of precious metals investment, Individual Retirement Accounts (IRAs) backed by gold and silver have gained significant traction. These IRAs offer a unique opportunity for investors to diversify their retirement portfolios with tangible assets. Augusta Precious Metals, a leader in this space, has simplified the process of setting up a Gold & Silver IRA with a straightforward 3-step procedure. Here’s a detailed look into their approach:

  1. Initial Consultation:
    • Purpose: This step is designed to educate potential investors about the benefits and intricacies of a Gold & Silver IRA.
    • Process: Investors engage in a one-on-one consultation with a dedicated Augusta representative. This session aims to understand the individual’s financial goals, provide insights into the current economic landscape, and highlight the advantages of diversifying with precious metals.
    • Outcome: By the end of this phase, investors have a clear understanding of how a Gold & Silver IRA can fit into their broader retirement strategy.
  2. Account Setup:
    • Purpose: This phase focuses on the administrative aspects of establishing a self-directed IRA.
    • Process: With guidance from Augusta’s team, investors set up a self-directed IRA account. This type of IRA offers the flexibility to choose and manage the specific investments within the account, including gold and silver.
    • Documentation: Necessary paperwork and compliance documents are managed efficiently, with Augusta’s team assisting at every step to ensure a smooth process.
    • Outcome: At the end of this step, the investor’s Gold & Silver IRA is active and ready for funding.
  3. Metal Selection & Purchase:
    • Purpose: This is the phase where investors select and purchase the precious metals they wish to include in their IRA.
    • Process: Investors can choose from a range of precious metals, including gold and silver bars, coins, and other eligible products. Augusta’s team provides insights into each product, helping investors make informed decisions.
    • Storage: Once purchased, the metals are stored in a secure, approved depository. Augusta ensures that these storage facilities adhere to the highest standards of security and compliance.
    • Outcome: The investor’s Gold & Silver IRA is now funded with the chosen precious metals, and the metals are safely stored until the investor decides to liquidate or take distributions.

Augusta Precious Metals has streamlined the traditionally complex process of setting up a Gold & Silver IRA. Their 3-step approach ensures that investors receive the necessary education, administrative support, and expert guidance to confidently diversify their retirement savings with precious metals.

Augusta Precious Metals Fees

Augusta prides itself on its transparent fee structure. While fees vary based on the size of the investment and specific services availed, clients can rest assured there are no hidden charges. All fees are discussed upfront during the consultation phase.

Here are some of the fees you can expect when setting up an IRA via Augusta:

  • Fees include $50 one time to open an account, and annual fees of $100 each for administration of the IRA account by your custodian and for storage of metals in the depository. But you can get zero fees for up to 10 years (everyone qualifies).
  • Minimum investment: $50,000

Precious Metals Available for IRA six gold coins available at Augusta Precious Metals

Individual Retirement Accounts (IRAs) offer a unique opportunity for investors to save for retirement while enjoying tax advantages. While traditional IRAs focus on cash, stocks, bonds, and mutual funds, a growing trend is the inclusion of precious metals in these accounts. These are often referred to as Gold IRAs or Precious Metals IRAs. Here’s a detailed look at the types of precious metals typically available for inclusion in these IRAs:

  1. Gold:
    • Popularity: Gold is often the first metal that comes to mind when considering precious metals for investment. Its historical significance as a store of value makes it a favorite among investors.
    • Forms: Investors can include gold bars, bullion, or coins in their IRAs. However, it’s essential to ensure that the gold meets the purity requirements set by the IRS, which is typically 0.995 fineness or higher.
    • Benefits: Gold is known for its hedge against inflation, currency fluctuations, and economic downturns. Its value tends to move inversely to the stock market, providing a safety net during market volatility.
  2. Silver:
    • Popularity: Silver, often termed “poor man’s gold,” is another popular choice for precious metals IRAs.
    • Forms: Like gold, silver can be held in the form of bars, bullion, or coins. The silver should meet the IRS’s purity standards, usually 0.999 fineness.
    • Benefits: Silver has diverse industrial applications, from electronics to medicine, ensuring consistent demand. It’s also more affordable than gold, allowing investors to buy in larger quantities.
  3. Platinum:
    • Popularity: Platinum is rarer than gold and silver, making it a valuable addition to a precious metals IRA.
    • Forms: Investors can include platinum bars and certain coins in their IRAs, provided they meet the required purity standards.
    • Benefits: Platinum’s rarity, coupled with its use in various industries like automotive and jewelry, ensures its value. It also offers diversification benefits within a precious metals portfolio.
  4. Palladium:
    • Popularity: Palladium, a member of the platinum group metals, has been gaining traction among investors in recent years.
    • Forms: Palladium bars and specific coins that meet purity requirements can be included in IRAs.
    • Benefits: The metal’s extensive use in the automotive industry, especially in catalytic converters, drives its demand. Its rarity and increasing applications make it an attractive investment option.

It’s crucial for investors to note that not all precious metals are eligible for inclusion in an IRA. The IRS has specific requirements regarding the purity and form of the metals. Additionally, once the metals are purchased, they must be stored in an approved depository to ensure their safety and compliance with IRA regulations.

In conclusion, Precious Metals IRAs offer a tangible, stable, and diversified investment option for those looking to hedge against market uncertainties. By understanding the various metals available and their benefits, investors can make informed decisions that align with their financial goals.

Where Do They Store the Precious Metals?

Safety is paramount for Augusta. All purchased metals are stored in secure, non-government depositories. These facilities are among the most secure in the world, ensuring your investment is safe from theft, damage, or any other potential risks. Their current preferred secure depository for storage of customers’ physical gold and silver is the Delaware Depository.

Augusta Precious Metals Pros and Cons

When considering any investment platform or service, it’s essential to weigh both the advantages and potential drawbacks. Augusta Precious Metals, while highly regarded in the precious metals industry, is no exception. Here’s a balanced look at the pros and cons of partnering with Augusta:


  1. Industry Expertise: With a seasoned team of professionals, Augusta offers deep-rooted knowledge and insights into the precious metals market.
  2. Transparency: Augusta is known for its clear fee structure and no hidden charges, ensuring clients are always aware of their financial commitments.
  3. Educational Focus: Augusta places a strong emphasis on educating its clients, ensuring they make informed decisions about their investments.
  4. Secure Storage: Collaborations with top-tier non-government depositories ensure that clients’ investments are stored securely and safely.
  5. Customer-Centric Approach: Augusta’s commitment to its clients is evident in its long-term support, guidance, and positive customer reviews.
  6. Diverse Offerings: A wide range of precious metals products allows investors to diversify their portfolios according to their preferences.
  7. Ethical Practices: Membership in professional associations and adherence to high ethical standards ensures clients are working with a trustworthy partner.
  8. Streamlined Processes: Augusta simplifies the complex process of setting up a Gold & Silver IRA, guiding clients every step of the way.


  1. Limited Digital Tools: While Augusta offers a wealth of information and support, they might lack some of the advanced digital tools and platforms that some modern investors seek.
  2. Physical Asset Limitations: As with all physical assets, liquidity can be a concern. While precious metals offer stability, they might not be as quickly liquidated as stocks or bonds.
  3. Market Fluctuations: The value of precious metals can fluctuate based on various factors, including global economic conditions, demand and supply, and geopolitical events.
  4. Storage Fees: While Augusta ensures secure storage, there are associated fees that investors need to consider, which can add to the overall cost of investment.

While Augusta Precious Metals offers numerous advantages for those looking to invest in precious metals, it’s essential for potential investors to consider both the pros and cons. By doing so, they can make an informed decision that aligns with their investment goals and risk tolerance.

Why We Recommend Augusta Precious Metals

Augusta Precious Metals
Most Trusted Gold IRA Company for 2024
9.7/10Our Score

Want to Work with Gold IRA Company You Can Trust?

Here's Why We Recommend Augusta:

  • A+ BBB Rating
  • ZERO BBB Complaints  
  • Avoids High-Pressure Sales Tactics
  • Simple 3-Step Gold IRA Process
  • Free Gold on Qualified Orders

"They won't just sell you. They'll educate you, so you can make your own decision." -Mark Levin, Host of The Mark Levin Show

In the vast landscape of precious metals dealers and IRA providers, Augusta Precious Metals stands out for a multitude of reasons. Their commitment to customer education, transparency, and service excellence makes them a preferred choice for many investors. Here’s a detailed exploration of why Augusta Precious Metals comes highly recommended:

  1. Industry Expertise:
    • Augusta boasts a team of professionals with deep-rooted experience in the precious metals industry. Their knowledge ensures that clients receive accurate and timely advice, tailored to their specific investment needs.
  2. Commitment to Transparency:
    • In an industry where hidden fees and charges can be commonplace, Augusta sets itself apart with its transparent operations. Clients are made aware of all costs upfront, ensuring there are no unpleasant surprises down the line.
  3. Educational Approach:
    • Augusta places a strong emphasis on investor education. Their dedicated education department, led by experts, provides invaluable insights into the world of precious metals investing. This approach ensures that clients make informed decisions, understanding the nuances of their investments.
  4. Streamlined Processes:
    • Setting up a Gold & Silver IRA can be a complex process. Augusta simplifies this with a clear, step-by-step approach, guiding clients from the initial consultation to the final purchase and storage of metals.
  5. Secure Storage Solutions:
    • Security is paramount when it comes to tangible assets like gold and silver. Augusta collaborates with some of the most secure non-government depositories to ensure clients’ investments are safe from potential risks.
  6. Customer-Centric Approach:
    • Augusta’s commitment to its clients goes beyond mere transactions. They believe in forging long-term relationships, offering continuous support even after the purchase. This approach is evident in their positive customer reviews and feedback.
  7. Diverse Product Offerings:
    • Investors have a wide range of precious metals to choose from, ensuring they can diversify their portfolio as per their preferences and market conditions.
  8. Reputable Partnerships:
    • Augusta has forged partnerships with industry leaders and experts, ensuring that clients receive the best in terms of product quality, market insights, and investment strategies.
  9. Recognition and Awards:
    • Augusta’s dedication to excellence hasn’t gone unnoticed. They have received accolades and awards, further cementing their reputation in the industry.
  10. Ethical Practices:
  • Integrity and ethics are at the core of Augusta’s operations. They are members of professional associations that uphold the highest standards of professionalism and ethics, ensuring clients work with a trustworthy partner.

Augusta Precious Metals offers a holistic approach to precious metals investing, combining expertise, transparency, and customer-centricity. Their dedication to client success and education makes them a standout choice for those looking to diversify their portfolios with gold and silver. Whether you’re a seasoned investor or just starting out, Augusta Precious Metals provides the tools, guidance, and support needed for a successful investment journey.

Customer Reviews and Feedback

The overwhelming majority of reviews for Augusta Precious Metals are positive. Clients frequently praise the company’s professionalism, transparency, and commitment to customer satisfaction. Any concerns raised by customers are promptly addressed, reflecting Augusta’s dedication to maintaining its stellar reputation.

TrustPilot is an excellent place to find Augusta customer reviews, and here are a few we wanted to share here:

The team at Augusta was fantastic! They took the time to thoroughly explain the process, answered all my questions and did it in a no pressure manner. I absolutely recommend Augusta Precious Metals.

From the very start of the process of rolling over my 401k and IRA and purchasing precious metals, Augusta’s representatives helped me through every step of the way. They pretty much handle everything and and educate you through the whole process so you know, understand and feel confident in your decision to purchase precious metal. I’m so glad I did and would recommend them to anyone.

From the very beginning, Augusta Precious Metals walked me through the whole process of rolling my 401k into precious metals. Their staff is courteous and extremely knowledgeable about any questions I have. They continue to check in with me to make sure I am still satisfied with my decision. I highly recommend Augusta Precious Metals!


Augusta Precious Metals stands out as a leader in the precious metals investment industry. With its transparent operations, diverse offerings, and unwavering commitment to customer satisfaction, it’s no wonder that so many investors trust Augusta with their hard-earned money. Whether you’re a seasoned investor or just starting out, Augusta Precious Metals is a name you can rely on.

You Should Consider Augusta Precious Metals if…

  • You’re looking for a trusted name in the precious metals industry.
  • You value transparency and dislike hidden fees.
  • You want a diverse range of metals to choose from for your IRA.
  • You prioritize the security of your investment.
  • You appreciate a company that values its customers and provides top-notch service.