Augusta Precious Metals vs. Goldco

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Gold is a precious metal that is usually a safe investment haven when the larger economy is far from certain. Silver, palladium, and platinum are three other precious metals that can provide similar benefits to varying degrees.

You'd be smart to include these precious metals in your investment portfolio.  If you want to be even smarter, then you should consider investing in a gold IRA.

These accounts provide the same tax benefits as conventional individual retirement accounts, but you'll need a broker to manage this account. Two popular options include Goldco and Augusta Precious Metals. 

Both of these companies are among the top brands in the precious metals IRA industry. You'd likely do well with either of them, but a comparative analysis of the two can be useful.

That way, you'll be free to make a truly educated choice about managing your retirement savings.

Before we get started with this review:

We understand how difficult it is to pick a company that you can trust with your hard earned savings.  That's why we create informative and useful information to give you as much knowledge as possible to make the right decision.

We created a list of our highest recommended investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.

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Who Is Goldco?

goldco's homepage

Goldco is often known as Goldco Precious Metals. However, almost anyone involved in the industry calls them Goldco, and everyone knows what they mean. That's because this broker is one of the premier brand names for dealing in gold and silver. 

Goldco has been operating for over a decade, making them one of the longest-running names in the business. They have been protecting the retirement portfolios of quite a few investors since then from many market fluctuations.

That period has covered several recessions and the pandemic.  Goldco doesn't just deal in its namesake. You can also work with them for silver, platinum, and palladium. The broker offers all these precious metals through both direct sales and IRAs.

Who Is Augusta Precious Metals?

apm's homepage

Augusta Precious Metals is sometimes just referred to as Augusta. This is another precious metal broker that anyone in the industry knows about by their nickname or full name. In operation since 2012, this broker also helps investors prepare for retirement. 

Clients of this broker get to diversify their retirement portfolio into several precious metals. Gold is the primary metal of choice through Augusta. However, you can also invest in silver products if you want.

Precious metal IRA services for gold and silver products are the primary investment package that Augusta offers clients. However, there are also precious metal products available for non-IRA clients.

All clients get to enjoy highly focused customer support services.

What Can I Expect From Both Brokers?

Both Goldco and Augusta let you invest in gold and silver. However, Goldco also lets you invest in palladium and platinum. That can open up more investment options for you. 

Also, both of these brokers are famous for their customer support. In each case, customer support standards are among the highest in the industry.

Both companies are often the measuring sticks by which all other industry competitors are compared in this regard.  Part of the reason that customer support is so high with each of these brokers is because of how they customize the experience.

You get treated like an individual anytime you deal with either business. Most of the time, you'll deal directly with an assigned account representative rather than just whatever agent might be answering the phone. 

Augusta and Goldco will each guide you throughout the process of registration. You'll find the steps involved to be quite simple. However, their customer support staff will be available whenever you need them. 

You can create a gold IRA in two different ways. One option is to start the process using their online forms. The other is contacting customer support over the phone. 

Both brokers feature very competitive pricing, although they do things a bit differently from each other. Goldco usually has lower required fees, whereas Augusta is more inclined to grant waivers.

You should note that discounts and waivers vary based on specials at the time and your particular investment circumstances. 

You can expect buyback options through both brokers. Each company has transparent fees that are straightforward to understand. If you need to use a buyback program, it does make it simpler to liquidate your precious metal assets for cash.

What can I get from Goldco that I won't from Augusta Precious Metals?

The minimum investment level with Goldco is half of what Augusta's is. You only need $25,000 to start with Goldco, but you need $50,000 to start a gold IRA with Augusta.

That might be more of your portfolio than you're willing to commit, it might also be more than you should invest in precious metals based on your overall portfolio size at the time, and you might not even have that match to invest. 

Goldco also lets you invest in more precious metals. Both brokers deal in silver and gold. However, Goldco also lets you invest in palladium and platinum.

What can I get from Augusta Precious Metals that Goldco won't do?

Augusta Precious Metals has several unique features that Goldco can't lay claim to. First, while Goldco's customer service is perhaps the best in the business, Augusta offers all clients 'account lifetime support'.

This broker is as committed to you at the end as they are in the middle or the beginning.

Second, their pricing structure is quite distinct. The pricing is highly transparent. Also, you can get fees waived for up to a full decade in your account. 

Third, Augusta has had zero BBB or BCA complaints. That dates back to their 2012 inception. Goldco's track record through both review platforms is spectacular, but it's not perfect. 

Fourth, Augusta offers individual web conferences to its clients. These help to educate investors about the precious metals industry and help them understand market circumstances.

Some of these are hosted by analysts trained through Harvard's business school.

How the Fees Stack Up

The point of any precious metals IRA is to save money for retirement. Hopefully, you'll make money as precious metal values increase over time. However, fees can eat into this and hold you back, so knowing what each broker does is crucial. 

Goldco doesn’t charge fees for IRAs, the custodians charge the fees.

Gold IRA Fees 

The required minimum purchase at Goldco to start a gold IRA is $25,000. Goldco’s preferred Custodian charges a flat annual account service fee which includes a one-time IRA account set-up fee of $50. as well as a $30 wire fee.   

Annual maintenance is $100, and storage is $150 for segregated storage or $100 for non-segregated storage.

Fees for gold storage and custodianship can vary depending on the company you select to handle these services (required by the IRS, as all IRA assets must be managed by a custodian). 

Depending on the Custodian, storage fees can range from $10 to $60 per month, or as a percentage of assets, from 0.35% to 1% annually. 

Goldco does not charge any storage fees for cash transactions over $25,000.

Augusta Precious Metals is also transparent about its fees. These numbers are published on the broker's website. Augusta never charges shipping or transportation costs to its clients.

Setting up an account will cost you $50 initially. The yearly custodial fee is normally $80. Annual depository fees are about $100.

How Much Can I Trust Goldco?

Goldco is a privately owned brokerage firm. They protect customer retirement savings through gold IRA plans. Customers can enjoy this by rolling over previous retirement plans, including other individual retirement accounts, 401(k) plans, and 403(b) accounts.  

This service provider is rated extremely well. The Business Consumer Alliance rates them AAA, which is their highest-possible rating. Also, the Better Business Bureau gives them an A+ rating, which tops their particular grading scale. 

More than 3 million customers have used Goldco's services over the years. While some complaints have been filed against the company, Goldco has addressed every single one.

The broker's commitment to satisfying customers ethically and dependably, whether on the first try or the second, has made this company quite popular in the precious metals industry.

Here at BMOGAM Viewpoints we have spent years researching nearly every company in the precious metals industry and have never found one that can exceed the quality of Goldco.

They have more positive reviews from more customers than any other company.  

This does not happen by mistake or accident.  

Success leaves clues.

How Much Can I Trust Augusta Precious Metals?

This broker has not been in operation as long as Goldco, but a decade is still an impressive track record in this industry. In that time, Augusta has received no complaints through BCA or BBB. That's perhaps even more impressive. 

Augusta Precious Metals clients have their metals stored in very secure facilities. The primary option is Delaware Depository, but there are other vaults across the continent. Clients can visit these facilities to see them for themselves.

Precious metals invested through an Augusta precious metal IRA are insured when in the depositories. This is protection from loss, theft, and fraud. The broker has a $1 billion Lloyd's of London all-risk policy.

Who is Responsible for Goldco?

When it comes to Goldco, the name you need to know is Trevor Gerszt. He founded the company when it first started. He's also the current CEO of this precious metal company.

Gerszt has over two decades of experience dealing in precious metals in the Los Angeles area. He's also got professional experience in asset and wealth protection. Gerszt also serves as a board of director member for the BBB of Los Angeles and Silicon Valley.

Who is Responsible for Augusta Precious Metals?

The name behind Augusta Precious Metals is Isaac Nuriani. He originally founded the company. He's also the current CEO of the precious metals provider.  His primary mission in creating the company was twofold.

First, he wanted to educate investors looking to save for retirement. Second, he wanted to help them diversify their portfolios, and precious metals help with both of these goals.

Nuriani has made significant contributions to the stable retirement of many Americans. He's part of the team behind He's also a member participating in the Industry Council for Tangible Assets.

Client Education

Precious metals are a great way to diversify your retirement portfolio into an alternative asset class. That's because what they do is very different from stocks and bonds, but you might not be as familiar with the market dynamics.

You can hear about stocks and bonds all the time in normal daily press and journalism, but you need precious metals market education from your gold IRA broker. 

Goldco has a strong privacy policy about its accounts. The broker is also very compliant with ADA requirements about their particular details. Their terms and conditions are highly transparent.

Investors can benefit from this by learning a lot about the service details before using them. If you have inquiries about Goldo services, you can contact their customer support team. This is possible via a toll-free phone number, live online chat, or email.

Augusta Precious Metals is very dedicated to client education. They have an entire department dedicated to it. They also ensure that clients know plenty about IRA options before starting an account.

With Augusta, you can learn a lot about the precious metals industry. That ranges from pricing to specific precious metal products. You'll even learn about other companies involved in the business.

Why Invest Physical Gold in Your IRA?

Individual Retirement Accounts (IRA) protect your retirement as well as your family's financial security.

These special accounts allow you to set aside tax protected savings that you can use in the future.   

With these long term accounts it's important to allocate a significant portion to assets that are solid and reliable, so you have a secure and worry-free retirement. 

a couple listening to a financial advisor

You can have cash in an IRA, but that is devaluing at a rapid pace and inflation is out of control

You need an asset that's dependable, retains it's value, and even increases in value over time, and there is no better asset for this than gold. 

With the world's economy struggling through lockdowns, shortages, wars, and inflation, uncertainty has never been higher and investors are protecting themselves by placing physical gold in IRA's. 

A gold IRA investment prospers from these crisis that negatively affect most other assets. 

Risk is knowing the economic dangers and doing nothing to protect yourself and your family. 

Safety is knowing the economic dangers and taking action to protect your financial future, and this is easy to do with a gold IRA.

Which Company Should You Choose?

Proper diversification for retirement should include precious metals in your portfolio. A gold IRA lets you do this with serious tax benefits. You'll need a brokerage to arrange this.

Do even a little research on your own, and you'll find that Goldco and Augusta Precious Metals are both two of the top names in this industry. Either one is a great choice.

However, Goldco might be a bit better, and that's for several reasons.

Customers of Goldco often cite that what they learned through Goldco's educational materials helped them to make a decision with confidence.

Second, Goldco has set a high standard for customer service.

Even though Augusta Precious Metals has made quite a name for itself, Goldco has the prestige of being considered by many to be the gold standard everyone else is measured up against.

At BMOGAM Viewpoints we have referred thousands of readers to both Goldco and Augusta Precious Metals.  The feedback we have received from readers about both companies has been positive.

The choice is yours.

Ultimately Goldco gets our top recommendation because more of our readers choose to invest with Goldco and have given us tremendous positive feedback about the company.