Are you considering a self-directed IRA backed by gold or other precious metals? Also called a precious metals IRA or a gold IRA, this type of retirement account is more popular now than ever before. People are purchasing precious metals for many reasons, but the most common is to protect their wealth in times of economic uncertainty.
Before you can set up a gold IRA, you must work with a gold IRA provider. One of these is Augusta Precious Metals, a Wyoming-based gold IRA company. Many people know that the precious metals industry isn’t always the most honest, customer-friendly place, but Augusta Precious Metals stands above all of that, and after working with this company for many years, I definitely recommend considering this company for gold and silver investments.
Do other people agree with me? What is the Augusta Precious Metals team all about? Keep reading to find out if you should set up a new self-directed IRA with Augusta.
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An Overview of Augusta Precious Metals
Augusta Precious Metals has been part of the industry and offering gold and silver IRAs since 2012. It has always been focused on precious metals, and precious metals only. Other companies offer more than precious metals IRAs, but Augusta doesn’t…and that’s why they are one of the leading self-directed IRA companies in the industry.
Since Augusta only offers gold and silver products, they have more expertise, better security, and a better client experience. It doesn’t matter if you are setting up a self-directed IRA or simply want to buy gold and silver, you can find the following at Augusta:
- Gold and Silver IRA Accounts
- Physical Gold and Silver Coins and Bars
- Common Coins and Bars
- Premium Gold and Silver
- IRA-Eligible Coins that Meet IRS Standards
Why I Trust and Recommend Augusta Precious Metals
If you are considering an IRA backed by precious metals, you should definitely consider Augusta. I have worked with many gold IRA companies over the years, and Augusta continues to rise to the top. Here’s why:
Education Always Comes First
Before you deposit anything into your retirement portfolio through Augusta, they do one thing differently — they put education first. This precious metals company wants to ensure that they understand your financial goals, and then they will work with you to create a long-term plan. The IRA processing team at Augusta took the time to understand what I needed and wanted out of an IRA and they explained the pros and cons of several different options. Honestly, I felt like I was working with a financial advisor, not a salesperson. There are no high-pressure sales tactics here — instead, it’s more like a consultation about what you want for your future.
Some of the educational resources Augusta offers include weekly market updates, a vast library of videos, private webinars with a Harvard-educated economist, and a free gold IRA guide.
Account Support for Life
Another reason I highly recommend Augusta is that the company is very focused on creating relationships with its clients. In fact, Augusta provides lifetime support. This includes a personal customer service agent, help from their highly-trained educators, full assistance with the processing of your IRA, and you get access to the order desk anytime you are ready to buy.
When you work with Augusta, you never have to do anything on your own. The whole process was explained in great detail when I opened my IRA, and I never felt like I was lost in the crowd or just a number.
Working with Augusta is a Very Easy Process
I have worked with many companies, and there is really no easier process than the one Augusta has. Some companies I have worked with do not make the buying process as simple as it could be. Augusta does.
Everything is streamlined, and the company handles all of the paperwork for you. This is wonderful, especially if you are new to the self-directed IRA process.
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Augusta Precious Metals Reviews and Ratings on Consumer Review Sites
If you are new to gold IRAs, you may just be learning about the different companies out there. So, it’s a good idea to check out consumer review sites, including the Better Business Bureau, TrustPilot, and Consumer Affairs:
Better Business Bureau
Augusta has an A+ rating with the BBB, and customers have given the company a 4.92/5 star rating.
TrustPilot
Augusta Precious Metals also has a very high rating on TrustPilot. With more than 200 reviews, the company is rated with 4.9/5 stars.
Business Consumer Alliance
The Business Consumer Alliance has given Augusta its highest rating of AAA.
Consumer Affairs
Reviewers on Consumer Affairs have given Augusta Precious Metals a 4.9/5 star rating as well.
Complaints About Augusta Precious Metals
Trying to find complaints about Augusta Precious Metals was more difficult than I thought. I looked on the Better Business Bureau website, and there were no listed complaints. So, I went to look at the reviews. The worst reviews I could find were 3/5 star reviews. The main complaint was the minimum investment that Augusta Precious Metals has. It’s $50,000, which I admit, is not something everyone can afford. Other than that, there were no major complaints at all.
Augusta Precious Metals Costs and Fees
Another thing I really like about Augusta is that there are no hidden fees. Everything is clear and explained every step of the way. I did mention that there is a $50,000 minimum to invest in an IRA with Augusta Precious Metals, but there are some other fees, too:
- Custodian application cost – $50
- Annual custodian cost – $150
- Annual storage cost – $100
Augusta partners with Equity Trust as its custodian. Equity is one of the most well-known and trusted IRA custodians out there.
In addition to this, Augusta will ship metals that you buy for investments securely to your home. If you buy metals for an IRA, they must be stored in an IRS-approved depository.
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Augusta Precious Metals Storage Facility
Augusta excels in many things, and storage is one of them. The company partners with Delaware Depository, which is a premier storage facility. It has maintained a spotless record for security and is IRS-approved.
Investing with Augusta Precious Metals – Step-by-Step
If you are ready to start the process and invest in gold, I want to show you how easy it is to invest with Augusta. There are no pushy sales tactics, the process is smooth and stress-free, and it just confirms that Augusta Precious Metals is a legitimate option.
Step #1 – Open Your Account
This first step is to reach out to Augusta and open an account. Augusta Precious Metals specializes in an easy and hassle-free process, and I will tell you that they also personalize the experience and made the process seamless when I went through the process. Also, keep in mind that sometimes Augusta offers a free promotion, so ask about that when you are opening your account. Remember, Augusta will help you open a self-directed IRA, but only backed by precious metals. You can’t open an IRA backed by cryptocurrency or traditional IRAs here.
Step #2 – Fund Your Account
Once the IRA is open, the next step is to fund the account. You need to transfer or roll over funds from an existing retirement account to do this. The team will walk you through this, too, and all of my rollover questions were answered during the process. In most cases, my questions were just like the frequently asked questions on the website, so I knew what I needed to know from the start.
Step #3 – Buy Your Precious Metals
The company will then help you choose the IRA-eligible gold or silver to put into your account. They will even work with you to suggest metals to add based on your goals. As with any investment, Augusta makes no representations or warranties on their services, but I still am a very big fan of this company. No company should give a guarantee or warranty, and if they do, I would not work with that company.
Step #4 – Storage or Delivery
Depending on what type of metals you bought, either for an IRA or for home storage, Augusta’s team takes care of that, too.
Augusta Precious Metals Pros & Cons
Pros of Working with Augusta Precious Metals
- Focused on customer education
- Price charts and metal price alerts
- Free webinars on the economy, precious metals industry, and IRAs
- Updated market news
- Video library
- Hundreds of 5-star reviews
- Easy investment process
- Lifetime account support
Cons of Working with Augusta Precious Metals
- $50,000 minimum investment – (If this is more than you want to invest, Goldco has no minimum investment.)
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Should You Open a Gold IRA with Augusta Precious Metals? Is This One of the Best Gold IRAs of 2025?
To conclude, Augusta Precious Metals is one of my top picks, and it has been for many years. The team is very professional, they put a focus on education over everything else, and they are very transparent about costs and fees. You can work with them to open a gold or silver IRA, and with bonuses like webinars created by a Harvard-trained economic analyst and lifetime customer service, you really can’t go wrong.
The big caveat here is the high minimum investment. I understand that not everyone has that. The good news is that if you don’t, there are other amazing IRA companies with much lower minimums that I highly recommend. Whatever you choose, make sure to do your research. Though this is a very legitimate company, not all the companies in the gold IRA industry are.
