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All You Need To Know: Augusta Precious Metals
Augusta Precious Metals is a Beverly Hills-based precious metal investment company. It was founded in 2012 by Isaac Nuriani and has been in operation since then.
H.Q. Office: 8484 Wilshire Blvd., Suite 515, Beverly Hills, CA 90211.
Phone: (800) 700-1008
Business Hours: 6 a.m. to 5 p.m. Pacific Standard Time.
Physical Gold & Silver IRA
Augusta assists retirement savers in planning their financial future with confidence, even during times of major economic uncertainty on both national and international markets.
Individuals can hold physical gold/silver in an IRA under the Taxpayer Relief Act of 1977. This is an excellent opportunity for investors who want to maintain physical, non-paper precious metals assets while benefiting from tax-advantaged initiatives.
Owning physical gold and silver helps to protect your savings from the risky mainstream banking system.
Setting up a gold IRA with Augusta Precious Metals is easy. Simply create your new account, fund it using dollars from an existing retirement account, and then order the metals you want.
Augusta Precious Metals has meticulously vetted gold and silver IRA custodians in order to find the best for customers. However, if the customer so desires, Augusta will act as a liaison between the customer and the customer's chosen custodian.
Here are a few of Augusta Precious Metal's custodians you want to know about.
Equity Trust has been providing self-directed IRAs for over 30 years, and to date they have managed $25 billion in assets. They offer these services nationwide, with customers from all 50 states.
GoldStar Trust Company
GoldStar Trust established in 1908, an extension of Happy State Bank. Manages approximately 38,000 self-directed IRAs and has given them the top rating from A+ by BBB.
Kingdom Trust is a company that specializes in innovative and unique custody solutions. The company provides high-quality services for 100,000+ customers by managing $12 billion worth of assets.
Augusta Metals works with the Delaware Depository to securely store its customers' assets. Customers' assets are safely stored there since it is a highly secure non-government depository storage facility. It is legally documented and inaccessible to the facility's creditors, located far away from financial and political centers.
Delaware depository is insured against all risks by Lloyd's of London with up to $1 billion coverage. It is an exchange-approved depository for CME & ICE, IRS compliant (IRC – 408n) for IRA assets, and all bullion is fully allocated and held off-balance sheet.
The storage facilities Augusta Precious Metals works with are located in the U.S. cities of Los Angeles, California; Salt Lake City, Utah; Jackson, Ohio; Wilmington Delaware New Castle and Springfield Gardens (New York). You should ask the current list from them since it may change by time you read this post.
IRA Eligible Coins
Choosing which physical metals to purchase is an exciting aspect of owning a precious metal IRA. Augusta Precious Metals provides you with all the information on their products and services when you consult them about your investment choices, so it's hard not to decide!
IRS requires physical gold and silver to be of certain quality and fineness in order for it to qualify as precious metals within an IRA account.
Here's what you should know: Gold coins and bars in an IRA must be 99.5% pure. The American Gold Eagle coin, which is 91.67% pure (an exception to the gold IRA) rule. Silver coins and bars must be 99.9% pure.
Here are the steps of a customer's purchasing journey with Augusta Precious Metals.
- IRA processing department and order desk assist customers in completing the majority of the IRA transfer paperwork.
- IRA processing department and order desk walks customers through their options and customers choose gold, silver, or a combination of the two to meet their specific financial objectives.
- The confirmation department stays in touch with the customer to finalize and officially confirm the customer's order on a recorded phone line.
- The shipping department will ensure that customer's orders are delivered to the appropriate compliant location.
Physical Silver & Gold Cash Purchases
Individuals can buy precious metals from Augusta Precious Metals outside of their IRA.
When you use cash to buy precious metals you can store them anywhere you want. You can either store it under your living room couch that saves you from insurance or storage fees or sends it to a depository, all up to you. There is also no limit about what type of assets you can buy as opposed to a precious metal IRA.
With an A+ rating and accreditation by the Better Business Bureau, Augusta Precious Metals is a company that has been recognized for its impeccable customer service.
The Business Consumer Alliance awards them with their highest AAA ratings, citing excellence in all categories of business dealings. With such high scores from TrustLink and Facebook reviews alike (4.8 out of 5 stars), customers would be remiss to go elsewhere when looking for quality products at affordable prices!
Augusta Precious Metal is a company that values structure and respect in the workplace. With an average rating of 4.5 stars on Glassdoor, it's easy to see how many Augusta employees are happy with their job in there due to these two things being present at all times.
Augusta Precious Metals accepts by bank wire and personal check payments. Bank wires may be for any amount, but checks are limited to a maximum of $100,000 per transaction.
The minimum order size is set as $50,000 for cash purchases (non-IRA) and $50,000 for IRA purchases. The customer can meet the minimums by purchasing any combination of items.
The maximum size of any order is not set by Augusta. It can meet the needs of customers who want to buy a large quantity of physical precious metals.
Augusta Precious Metals offers customers several different shipping options to ensure that their packages make it to them quickly without any chance of loss or damage. USPS Express Mail, Registered Insured and Federal Express are all available for customer convenience, with large orders being shipped via Brinks Armored.
Orders are typically shipped 7 – 10 business days after they're confirmed. Each package is shipped with insurance and signed for upon delivery. Responsibility of your precious metals will not transfer until you receive them or they are delivered to a secure depository.
The company ships IRA metals to secure depositories in the U.S. and cash purchases to anywhere in the U.S. If the customer wants the order can be delivered to the post office box provided the order is outside of an IRA.
All bullion orders made from Augusta Precious metals are final upon confirmation, and cannot be canceled or refunded. (with exceptions to laws in the customer's state of residence)
For first-time customers, Augusta grants the customer seven days to cancel a confirmed transaction without penalties. All next orders are final upon completion of the recorded confirmation call.
Offered Tools & Resources
Augusta Precious Metals offers a few great tools for investors to take advantage of. Their free kits, webinars, charts, and RMD calculator are sure to come in handy as you invest your money wisely.
Augusta Precious Metals is a gold IRA industry leader with nearly 50 years of experience to help its customers balance their retirement savings.
Augusta assists investors who want to diversify their portfolio and provides excellent customer service, from the time customers open a gold IRA account until they take distributions in retirement.
From consumer education all the way up through friendly representatives, Augusta will help its customers at every stage of their investment journey.
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