What is a Gold IRA? – Augusta Precious Metals Review (2024)

Augusta Precious Metals is the best option for purchasing gold IRAs. In addition, it offers a fair value for physical gold and silver bullion. This organization has been recognized as the best gold IRA supplier year after year due to its outstanding track record, abundant success, and widespread appeal among contented customers. Augusta Precious Metals has nothing but five-star ratings on Yelp.

What is a Gold IRA?

Gold IRA represents an individual retirement account that allows investors to own gold bullion as a qualified retirement investment. Hence, you can hold physical gold in your separate retirement account using Gold IRA. In addition, gold IRA accounts offer diversification for your investment and protection from potential recession.

To download a free PDF about Gold IRA, visit the Augusta website.

About Augusta Precious Metals:

Augusta Precious Metals is an excellent resource if you are considering starting or expanding a personal retirement portfolio. From choosing the suitable precious metal to assisting you when it comes time to liquidate your assets, the company is dedicated to helping you every step. So put, when you open an account with Augusta Precious Metals, you get the best service possible over the long haul.

The privately held corporation believes that making money in the stock market is more of a marathon than a sprint. It is aware that investing is a process that calls for forethought, expert advice, awareness of market trends, and confidence in one’s judgment. Its personnel is highly qualified and dedicated to assisting you in meeting your long-term financial and retirement objectives. Webinars provide a novel way to learn about an organization, its services and products, the risks and potential investment returns, and other relevant information.

Augusta Company Homepage Screenshot

CEO Isaac Nuriani established Augusta Precious Metals in 2012. The company’s headquarters is at 5830 East 2nd Street, Casper, Wyoming. Augusta’s primary goal is to assist those putting money down for retirement and wanting to hedge their bets by purchasing gold, silver, and other precious metals. As a result, it can help each customer choose the best possible course of action. Having a dedicated account manager handle your paperwork may make investing a breeze. Also, it has its compliance department with three employees, including an outside-hired chief compliance administrator. You can read the full Augusta precious metals review on the fx site.

Who owns Augusta Precios Metals?

Augusta’s owner is Isaac Nuriani, and he is the CEO of the company. He is an approved Professional Coin Grading Service (PCGS) dealer and a member of the National Ethics Association and the Industry Council for Tangible Assets (ICTA). 

Board Members of Precious Metals in Augusta

  • Isaac Nuriani

Augusta’s head CEO, Isaac Nuriani, went to UCLA and majored in economics. Augusta’s head honcho, Isaac Nuriani, went to UCLA and majored in economics. He started the business in 2012 to facilitate IRA rollovers into actual silver and gold investments to diversify retirees’ precious metals portfolios.

Nuriani is also quite involved in the broader precious metals market. He is an approved Professional Coin Grading Service (PCGS) dealer and a member of the National Ethics Association and the Industry Council for Tangible Assets (ICTA). As the company’s Director of Education, Devlyn Steele, who has been in the financial business for a long time, helps Nuriani in beneficial ways.

  • Devlyn Steele

After 30 years in the banking and finance sectors, Devlin was offered the position of Augusta Precious Metals’ Director of Education. As director of education, he oversees a group of educators who are among the most fiscally astute in the field. In addition, he aims to help Americans learn about the benefits of diversifying their portfolios through investment in alternative assets.

Devlyn’s predictions about the 2008 economic collapse and the subsequent rise in silver and gold prices were impressive. Devlyn is a member of the HBS business analytics team and, because of his profound understanding of the economy, is uniquely positioned to share that knowledge with the general public. And he accomplishes this using online meetings. As a result, Augusta Precious Metals has gained a new brand ambassador in former NFL quarterback Joe Montana, who attended one of Devlyn’s online conferences. He is, however, not alone. Many affluent, successful people sign up for these online seminars.

  • Howard Smith

Howard joined Augusta in 2018 because he was inspired by the company’s goal of educating clients about diversifying their investments. He is a CPA and a graduate of the University of Toronto, so he has experienced firsthand the effects of economic turmoil on retirement funds.

Howard enjoys educating clients on the perils of retirement planning. When it comes to Augusta’s finances, Howard’s knowledge of risk management is invaluable. But he is also dedicated to spreading knowledge to the general population.

Augusta Precious Metals: Services Offered

Augusta Precious Metals provides a wide range of services, so there’s something for every investor. Buying physical gold and silver in Augusta is possible, as is opening a gold or silver IRA.

Actual gold and silver

You may purchase beautiful gold and silver coins, bars, and bullion in Augusta in cash. Augusta Precious Metals lets its customers buy and store real gold and silver in addition to the silver and gold IRAs we discussed.

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A private gold and silver reserve at home allows you to avoid banks and paper trails while maintaining control of your valuables. In addition, keeping some gold and silver in a locked box or safe is a great way to protect your retirement assets from inflation and other economic woes and diversify your portfolio.

Physical Gold & Silver IRAs

Augusta knows the challenges traditional retirement plans present during economic downturns. Because of this, they provide a superior alternative. In addition, gold and silver IRA purchases were made possible by the Taxpayer Relief Act of 1997. Thanks to the Taxpayer Relief Act’s passage, you now have more freedom and options with your retirement accounts.

Starting up is a breeze with the help of Augusta Precious Metals. It all starts with opening a brand-new IRA. The next step is putting money into your retirement savings account. Next, you decide whether to deposit gold or silver into your account.

Lifetime Support

With a dedicated IRA specialist around the clock, you can rest easy knowing that your precious metals are in good hands. They guarantee to be with you as long as your account is active. You may rest easy, knowing that Augusta has your back no matter what comes next.

The experts in Augusta are well-versed in the precious metals trade and available to guide managing your retirement account (IRA), shedding light on the state of the economy, and answering any queries you may have. They put customer service first.

Advantages of Augusta Precious Metals

  • More straightforward service delivery and configuration.
  • Demonstrate Transparency & Integrity.
  • Lifetime Customer Support
  • Complimentary and extensive instructional resources.
  • Respected Joe Montana endorses

Disadvantages of Augusta Precious Metals

  • IRAs do not provide small lots of coins and bars.

Have you ever worried about how the economy could reduce your retirement funds? Do you fear dependence on a single retirement fund source in old age? Augusta Precious Metals could have an answer if you said yes to any of these questions. Regarding gold and silver IRA accounts, Augusta Precious Metals is the industry leader. The firm educates Americans about the economy and helps them feel more secure about their retirement plans by investing in precious metals.

Joe Montana, a legendary quarterback, has entrusted the organization with retirement planning and is among the company’s satisfied clients. After participating in one of the company’s personalized web conferences, he is now an Augusta client and an Augusta brand advocate. To find Augusta, they investigated all U.S. gold firms.

Instead of holding conventional assets like stocks and bonds in an IRA. Unlike paper stocks, which may fall to zero, and bonds, which can default, precious metals held in an IRA will remain worth something, regardless of price variations.

By opening a precious metals IRA with Augusta Precious Metals, you may spread your retirement savings across a broader range of investments and potentially even reduce your exposure to losses in one area of your portfolio. In addition, agents in Augusta are well-trained to inform customers about the economy and precious metals like gold and silver, earning them a reputation as the best in the business.

To achieve your individual financial goals, they may assist you in building a silver and gold portfolio tailored to your needs. To help you decide if a precious metal IRA is a good investment, we’ll go over some of the most common questions about the company and precious metal IRAs in general and the benefits of this type of investment.

Augusta Fee & Charges

The fantastic news is that Augusta Precious Metals does not charge management fees. Augusta only requires a one-time account-opening cost for Gold IRAs since they are committed to genuinely Self-Directed IRAs. After that, custodial fees are all you’ll need to pay at your chosen storage facility. When you spend above a certain amount, shipping and insurance are on the house. Yes, you are correct in saying that. Augusta will foot the bill for everything related to your silver or gold until it reaches your vault.

Set-up Fees

There is a one-time set-up cost of $50 in addition to the first two yearly payments of $125 and $125, which are both required at the time of signing.

Annual Fees

The storage and custodian maintenance fees are $100 per year. Therefore, $2,000 per year.


Their typical spread (the amount they charge concerning the value of gold or silver) is about 5%, which is relatively low compared to other competitors in the market (as stated in their Transaction Agreement). Premium transactions, on the other hand, have a margin of up to 33%.

What advantages does Augusta Precious Metals have over competitors?

The most significant advantage of Augusta Precious Metals over the competition is education efforts for clients, maximum simplicity in procedures, and no hidden charges.

Putting money into precious metals is an excellent way to protect yourself from inflation and to feel secure when the economy is volatile. As a result, numerous firms provide gold IRAs today. That’s for a good cause, too.

  • Augusta offers education to potential clients.

You can trust Augusta to provide you with gradual entry and instruction. Even though it may sound strange, there are quite a few factors to consider when deciding whether to open a Roth or standard Gold IRA. Rollover? Silver or gold? What proportion of your holdings? The fact that Augusta is led by the committed Director of Education, Devlyn Steele, is one of the city’s distinguishing features. Since Devlyn is dedicated to ensuring that its customers are well-informed, you can rest assured that Augusta will prioritize your education above the prospect of having you as a client.

Augusta is aware of the vast amount of data available and wants you to have access to it all. Because they care so much about educating their customers, they’ve dedicated an entire website to warnings against silver and gold IRA fraud. Further training is provided after the first account creation process has been completed. In addition, Augusta offers 24/7/365 customer service and support for the lifetime of your account. Contact your agent for further details, rates, or alternatives.

  • Efficiency of procedure

The simplicity of the procedure is another thing that sets Augusta apart. You can trust Augusta to simplify the IRA rollover procedure or help you start a new investment account from the beginning. Helping you with the paperwork ensures no bases are left unturned and no i’s are crossed.

  • No hidden charges.

Extra gold IRA firms will charge storage costs to the depository company and a small yearly fee to gold IRA custodians, but these companies will not add any fees. You will only be responsible for the price of the metal plus applicable taxes if you purchase it for your account instead of an IRA and take receipt of the metal yourself. Shipping costs are typically for the price of the metal plus applicable taxes if you are purchasing it for your account instead of an IRA and taking receipt of the metal yourself. Shipping costs are typically zero as well.

How To Set Up An Account at Augusta

  1. Open an IRA Account

Launch a self-directed IRA with a bank or other financial institution allowing such accounts. Augusta Precious Metals frequently collaborates with Equity Trust, a frontrunner for such accounts. Augusta Precious Metals frequently collaborates with Equity Trust, a frontrunner in the self-directed IRA business and a reputable and storied company.

2. Fund the account  

You can conduct a straight rollover from one trustee to another if you already have funds in an IRA, 401(k), or some other qualified retirement plan. You can sign a paper approving the fund’s transfer from your old retirement account to your new IRA. Your former employer may also pay you out of the blue by sending a check and wire transfer directly to your bank account.

After that, you’ll have 60 days to move the funds into the new IRA. If the transfer isn’t reported to the IRS within 60 days, it will be treated as a distribution and subject to taxes and penalties. In addition, 20% of the money you withdraw will be sent to the IRS to cover taxes your previous employer owes. However, you must transfer the withdrawal amount to the new account. It is why the majority of individuals want a transfer directly between trustees. If the employer still employs you, the 401(k) plan may not allow you to transfer your savings. That is to say, 401(k) funds cannot be accessed while employed.

3. Buy Precious Metals 

Putting money into a gold IRA is simple. Your precious metal IRA can hold whatever metals or other assets you see fit. The team at Augusta Precious Metals is committed to streamlining and simplifying the procedure as much as possible.

Your account manager at Augusta Precious Metals is available to discuss your approach. Once you’ve decided, you’ll give them written orders to buy gold or silver bullion at a specific price on your behalf. Then, Augusta will send those precious metals to your depository company’s safekeeping via transfer or shipment at no cost.

Once the order is finalized, the precious metals will arrive at the vault within 7–10 business days. Augusta’s clients never worry about their gold being lost or stolen because of the company’s risk-free, highly secure delivery service.

Coins are available with Augusta precious metals.

Augusta Precious Metals offers silver and gold coins, bars, and bullion for those with a precious metals IRA. One exemption to the rule says gold bullion coins and bars must be at least 99.5% pure. Silver bullion is guaranteed to be at least 99.9% pure. For example, a gold eagle coin issued by the United States contains 91.67 percent gold.

Buy Gold

American Eagles Gold Coin

Mint years for the American Eagle gold coin range from 1986 to the present. This coin has precisely one troy ounce of gold and weighs 1.0909 troy ounces. It comprises 91.67% gold, 3% silver, and 5.33% copper. The coin dimensions are 1.287 inches (32.7 mm) in diameter and 0.113 inches (2.87 mm) thick.

American Eagles Gold Coin

Gold American Eagle Proofs.

Gold American Eagle Proofs are issued with mint years from 1986. The American Eagle Proof comprises the same 91.67% gold, 3% silver, and 5.33% copper as the gold American Eagles. It weighs 1.0909 troy ounces and contains one troy ounce of gold.

Gold American Eagle Proofs

Gold Canadian Maple Leaf

Each gold Canadian Maple Leaf has a total weight of one ounce filled with one troy ounce of gold. There is a $50 face value on this coin. The coin measures 1.181 inches (or 30 mm) in diameter and 0.107 inches (or 2.73 mm) in thickness. Dates range from 1979 to today, with no visible mint mark.

Gold Canadian Maple Leaf

Royal Canadian Mint gold 2017 Canadian Eagle

Royal Canadian Mint gold 2017 Canadian Eagle, 0.25 troy ounces. 99.99 percent Gold purity Augusta Precious Metals is the only place to get a Canadian Eagle. A few thousand of these stunning coins were struck in uncirculated form. The 10 Canadian dollars shown on this coin represent its actual value. It features a serrated edge and a bullion/radial finish; its diameter is 20 mm. Claudio D’Angelo created the artwork for the coin.

Royal Canadian Mint gold 2017 Canadian Eagle

Gold American Buffalo

This American Buffalo coin’s gold content and total weight are each one troy ounce. It is composed of 99.99% pure gold. This coin was minted somewhere between 2006 and now. Its diameter is 1.287 inches (32.670 millimeters), and a thickness of 0.116 inches (2.95 millimeters).

Gold American Buffalo

Gold Australian Striped Marlin 

The gold content of the beautiful Australian Striped Marlin coin is approximately 0.25 troy ounces (or 99.99% purity). The total weight of the coin is 7.777 grams. Size-wise, it maxes out at 20.6 mm in diameter and 2.3 mm in thickness.

Buy Silver

Royal Canadian Silver Soaring Eagle coin

Valued at $8 U.S. in 2020, the Royal Canadian Silver Soaring Eagle coin will be struck in the year (CAD). Artist Julius Csotonyi was responsible for this coin’s design, including radial lines and a serrated edge. It has a diameter measuring 38 mm and a weight of 39.03 g. A maple leaf is etched on the coin for added safety, and the mint date is set for 2020. These coins were limited to a mintage of 121,600.

Royal Canadian Silver Soaring Eagle coin

Nesting Canadian Silver Eagle

In particular, the 2019 Canadian Silver Eagle with Nest Royal Mint coin is in high demand. Its silver content is 99.99% pure. It measures 38 mm in diameter and weighs 38.88 grams. This coin has a face value of $8, radial lines around the circumference, and serrated edges. Claudio D’Angelo, the coin’s designer, deserves credit. To increase safety, a maple leaf has been included. Unfortunately, these coins were limited to a production run of only 97,000 pieces.

Canadian Silver Eagle with Nest Royal Mint

American Silver Eagle

One ounce of the American Silver Eagle coin features Lady Liberty and is composed of 99.93% silver and 0.07% copper. This coin has a thickness of 2.98 mm and a diameter of 1.598 inches (40.6 mm). The years of minting began in 1986 and continue to the present day.

Silver Maple Leaf from Canada

The weight of the silver Maple Leaf coin issued by Canada is 0.9999 troy ounces. It has a total silver content of 99.99% and a gross weight of 31.1 g. It has a diameter of 37.97 mm and a thickness of 3.18 mm. This stunning coin was minted between 1988 and the present day.

Compared to other precious metals dealers we’ve researched, Augusta Precious Metals’ selection of silver and gold coins, bullion, and bars is relatively tiny. Augusta’s limited stock is one of the minor disadvantages of doing business with them.

silver Maple Leaf coin issued by Canada

Augusta’s Buyback Policies

Although Augusta Precious Metals cannot promise a buyback, they often provide fair and competitive rates. In addition, they will promptly deposit the proceeds into your bank account or retirement account. By doing so, Augusta Precious Metals guarantees that a buyer will always be available for your precious metals. Augusta gets a lot of gold and silver investors because its repurchase prices are fair.

Augusta Precious Metals transports IRA precious metals into one of its safe depositories in the United States. So if you’ve ordered a money order, it can be delivered to your door wherever you reside in the United States. The United States Postal Service (USPS) Express Mail, Registered Insured Mail, or Federal Express is used for shipping. Brinks Armored will send larger shipments.

You are the only one responsible for the precious metals after you buy or send them to a safe place. Augusta takes great care to wrap all of her gifts discreetly. No one knows what’s inside the package, not even the delivery guy. Each package is sent with full insurance and requires a signature upon receipt. After an order is verified, it typically ships between seven and ten business days.

Why Should You Own Physical Gold?

  • Gold is excellent for diversification.

Silver and gold have a proven track record of preserving their purchasing power in economic instability. Historically, economic and political turmoil and significant stock market fall have boosted the value of precious metals like gold and silver. So putting some of your retirement savings in physical gold or other precious metals can be a great way to spread your risk and keep your nest egg safe if the economy goes down.

Since the Federal Reserve was founded in 1913, the dollar has faced intense scrutiny, and its purchasing power has fallen by more than 90%. Moreover, since President Nixon removed the dollar from the gold standard in 1972, the dollar’s value has steadily declined. At the same time, the process has been further accelerated by imprudent fiscal policies, deficit spending, and, more recently, the large printing of money and increases in the money supply in search of stimulus.

  • Gold is protection against inflation.

Inflation has risen to its highest level since 1982 as of March 2022. The CPI increased by 7.9 percent over the year ending February 2022. As a result, the dollar will be worth half as much in a decade. Without inflation protection, retirees might see their non-Social Security income drop by as much as 75% throughout a 25-year retirement.

Physical gold ownership is one approach to hedge against inflation, which may be a slow but relentless threat to a retiree’s ability to maintain a comfortable standard of living. You may find some solace in holding gold, silver, platinum, and palladium if you plan on retiring for a long time and are worried about the negative impacts of inflation.

  • Gold means privacy 

Nobody needs to know that you hold gold or silver bullion if you store it securely. There is no external entity with which you must register your private assets. Physical gold is immune to seizure or confiscation by any bank, government, or other financial organization. For capital gains tax purposes, you must still report the sales proceeds. However, you need not register gold coins and other bullion held in your name with any third-party registry.

No online search will reveal this wealth to a trial attorney. The anonymity of holding physical bullion makes it a unique retirement investing option. The IRA custodian will know your silver and gold holdings in precious metals IRAs, so your investments will not be entirely secret. They will disclose your business dealings to the IRS each year on Form 1099. Having assets in your name shields them from even that risk. Gold and silver IRAs, meanwhile, provide significant insurance for your financial help. Traditional and Roth IRAs, unlike inherited IRAs, are largely immune to demands from creditors.

Should You Use Augusta Precious Metals?

The Augusta Precious Metals Review was done to be both educational and helpful. For those looking at gold and silver as a retirement savings option for the first time, Augusta comes highly recommended as a trustworthy, reputable, and honest firm.

Augusta Precious Metals has been continually lauded for its innovative methods of obtaining precious metal IRAs and its unwavering commitment to its clientele over the long term. Augusta is a champion even in the realm of striking gold IRA providers. You won’t find a more consumer-focused organization with a straightforward approach and high openness.

If you’re still debating whether or not a gold IRA is the best option for you, check out the Augusta website’s Knowledge Center. You may call or visit their website if you have questions or want access to more accessible materials.


Augusta Precious Metals is a good option for starting a gold IRA because it provides free educational materials to help you understand the steps involved without hidden fees. Veteran investors in gold IRAs may also appreciate the company’s bulk buying savings and lifelong customer service. Even though it’s helpful to know that the minimum order size for Augusta is $50,000, this may stop some investors from placing even small orders.

We hope you must have acknowledged everything regarding Augusta Precious Metals. Augusta Precious Metals is a safe choice if you want to do business with a respectable, long-standing firm that consistently receives high customer marks. In addition, Augusta’s user-friendly interface and streamlined offerings make investing in gold and other precious metals simple and stress-free.

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Daniel Smith

Daniel Smith

Daniel Smith is an experienced economist and financial analyst from Utah. He has been in finance for nearly two decades, having worked as a senior analyst for Wells Fargo Bank for 19 years. After leaving Wells Fargo Bank in 2014, Daniel began a career as a finance consultant, advising companies and individuals on economic policy, labor relations, and financial management. At Promtfinance.com, Daniel writes about personal finance topics, value estimation, budgeting strategies, retirement planning, and portfolio diversification. Read more on Daniel Smith's biography page. Contact Daniel: daniel@promtfinance.com

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