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Augusta Precious Metals Review – Why Should You Invest?

Augusta Precious Metals

Are you looking to add some sparkle and shine to your portfolio, while also protecting yourself against inflation? Augusta Precious Metals Retirement Savings may be suited for you. Augusta is a unique, tax-advantaged retirement savings program that provides investors with the ability to diversify their portfolios with physical gold and silver.

Offering similar services as Acre and Money Metals,  this type of retirement account is a self-directed IRA, which emphasizes gold and/or silver as part of the investor's investment strategy. Augusta offers an extensive selection to help customers save for their retirement in a way that aligns with their values.

1. Why invest in precious metals?

When it comes to investing, there are many different options out there. But one of the most popular choices is investing in precious metals—and for good reason. Here are some of the benefits associated with investing in gold and silver through an Augusta Precious Metals IRA account:

  • Diversification – When it comes to building a strong portfolio, diversification is key. By adding gold and silver to your retirement savings plan, you can spread out your risk and potentially reduce volatility in your investments over time.
  • A Hedge Against Inflation – Another benefit of investing in precious metals is that they can provide a hedge against inflation. Because these commodities tend to hold their value better than paper money does over time, they can help protect your savings from any potential losses due to inflation.
  • Tax Benefits – Finally, gold and silver investments may also offer tax benefits. Depending on the type of account you open and what kind of investment you make, you may be able to deduct certain expenses or take advantage of other tax breaks that could help pad your pocketbook down the road.

2. What am I buying?

Let’s take a look at what you’re actually buying with this Augusta Precious Metals review. When thinking about investments, you typically think of owning a stock, or shares within a company. Most people think of an electronic transaction, which you can manage through your phone or computer. The story with Augusta Precious Metals is a bit different. Instead, you’re buying a physical metal.

Here’s a list of coins you can purchase through them:

  • American Eagles
  • American Eagle Proofs
  • Canadian Maple Leaf
  • Gold Canadian Eagle
  • American Buffalo
  • Australian Striped Marlin
  • Canadian Silver Soaring Eagle
  • Canadian Silver Eagle with Nest
  • American Silver Eagle
  • Canadian Silver Maple Leaf

3. Fees & Minimum Order

Augusta does a few requirements of their own. Here’s a list of fees:

  • $50 - Annual custodian fee
  • $100 - Annual storage fee (two of these are due at signing)
  • $100 – One-time storage fee
  • $250 – One-time setup fee
  • $50,000 – Minimum Order Requirement

4. Lifetime Support

Augusta Precious Metals Lifetime Support is exactly what it sounds like—it provides lifetime support for customers who want to invest in precious metals.

That means that no matter how much time passes or how the market changes, you can always count on Augusta Precious Metals to be there with knowledgeable customer service representatives available to answer your questions and guide you through any bumps in the road.

Whether it’s providing helpful resources on how to buy gold bars or giving advice on the best way to store them safely, they’ve got all bases covered when it comes to helping customers make informed decisions about their investments.

Lifetime support includes the following:

  • Agent – An agent to answer your questions & concerns on your investment portfolio.
  • Education – They’ll help gauge your decision-making based on current market prices & predictions.
  • IRA Processing – Help with paper, fees, & processing
  • Order Desk – Department to help you place your order efficiently & securely
  • Order confirmation – An official statement on each order that’s processed

If this Augusta Precious Metals review has sparked your interest in their services, click here to check them out!

What are the drawbacks?

Retiring with a gold or silver portfolio may sound like an attractive concept, but it is important to understand the potential downsides before making a major decision.

High Upfront Costs 

Gold and silver are expensive commodities, meaning the upfront cost of buying gold or silver coins or bars can be prohibitively high for some investors. On top of the initial cost, you also have to factor in additional costs such as storage fees and insurance premiums if you store your gold or silver offsite. This can easily add up to be thousands of dollars, so it's important to consider if this is an expense you are willing and able to pay before investing.

Volatility 

Gold and silver prices can fluctuate dramatically over short periods of time due to a variety of factors such as changes in the stock market, political events, natural disasters, etc. While the long-term trend for both gold and silver tends to be upward, there is no guarantee about what the future holds when it comes to investing in precious metals. In other words, you could potentially lose money on your investment if prices dip below what you paid originally.

Augusta Precious Metals Review - The Bottom Line

Augusta is a very reputable gold IRA company that has been in business for over a decade. They have an A+ rating with the Better Business Bureau and are one of the only companies that offer free shipping on all orders. If you’re looking for a place to invest in precious metals, Augusta is definitely worth considering. Thanks for reading, we hope we were able to provide some financial value to you with this Augusta Precious Metals review!

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