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Goldco vs Augusta Precious Metals

Thursday, June 20th 2024

Investing in precious metals is an excellent way to diversify your portfolio and protect it against market fluctuations or economic uncertainties, like volatility. There are various reputable precious metal dealers on the market today. Two notable dealers being Goldco and Augusta Precious Metals. In this article we compare both companies, discussing services provided, product offerings available for purchase, fees, customer reviews provided and any other pertinent details needed in making an informed decision as regards which company best matches up with your precious metal investing requirements.

Company Background Information

Goldco: Also known as Goldco Precious Metals, was established in 2006. Today it stands out among U.S. providers of precious metal investment services as one of the nation’s premier providers for gold and silver IRAs, physical gold investments and customer-driven precious metal investment services. Led by Trevor Gerszt as its founding president, this firm strives to offer more customer transparency with customer-first precious metal investment experiences, earning itself an esteemed reputation of client satisfaction and education for clients worldwide.

Augusta Precious Metals: It was established in 2012 as a family-run business that specializes in gold and silver IRAs as well as physical precious metal investments. Headquartered in Beverly Hills, California and boasting superior customer service as well as dedication to investor education. Augusta Precious Metals has won accolades from multiple industry bodies like Better Business Bureau (BBB) and Business Consumer Alliance (BCA), acknowledging their quality work practices as ethical business operations.

Services Offered

Goldco: It is a provider of gold and silver Individual Retirement Accounts (IRAs) as well as rolling over existing retirement accounts into precious metal IRAs, offering direct sales of physical coins and bars, educational resources to assist clients better understanding precious metal investment benefits, direct sales of physical gold, silver coins/bars for personal investing purposes and customer service representatives who assist clients through this investment process.

Augusta Precious Metals: Similar to Goldco, Augusta Precious Metals offers both gold and silver IRAs as well as the option to invest in physical coins and bars through personal investment accounts. Their clients have access to educational material including webinars, articles and videos designed to assist in making informed decisions regarding precious metal investments. They pride themselves on exceptional customer service with each client being assigned their own customer success agent to guide through every stage of the investment process.

Product Offerings

Goldco: The company is an investment firm offering an expansive selection of gold and silver coins and bars suitable for investment purposes, including popular options like American Gold Eagle coins (1), Canadian Maple Leaf coins, and South African Krugerrand coins; along with various silver coins including American Silver Eagle coins (2). Furthermore, they feature bars from trusted vendors like Royal Canadian Mint, and Perth Mint, as well as offering services themselves for custom coin production needs.

Augusta Precious Metals: The company offers an expansive range of gold and silver coins and bars from popular mints such as American Gold Eagle, Canadian Maple Leaf, and Austrian Philharmonic coins to silver coins such as American Silver Eagle, Canadian Maple Leaf, and Austrian Philharmonic coin series – and more than 250 silver coin series like these, such as Austrian Silver Philharmonic coins from American Silver Eagle to Austrian Silver Philharmonic, with Royal Canadian Mint PAMP Suisse, and Valcambi also represented herein.

Fee Structures

Goldco: Its fees structure for precious metal IRAs consist of an initial setup fee of $50, an annual storage fee of $100 and an ongoing maintenance fee of $80; accounts with values exceeding $100,000 may benefit from reduced fees; storage rates vary based on account value with higher value accounts receiving lower storage charges; no fees apply when buying, selling or transferring precious metals through Goldco; however there may be shipping and insurance expenses involved with physical delivery of precious metals from physical locations.

Augusta Precious Metals: Its IRA fee structure comprises an account setup fee of $50, an annual storage fee of $100 and an annual maintenance fee of $80 – similar to Goldco. Additionally, Augusta provides a tiered storage fee schedule based on account value with lower storage fees for larger accounts than $100k. Furthermore, Augusta does not charge fees when buying, selling, or transferring precious metals but shipping and insurance costs may apply when physically delivered to customers.

Storage Options Available

Goldco:  It offers segregated storage services for precious metal IRAs, ensuring each client’s metals are stored separately and safely. Goldco has partnered with two top storage providers – Delaware Depository and Brink’s Global Services, in order to offer safe storage facilities approved by the Internal Revenue Service with strict security auditing measures in place for clients’ precious metals.

Augusta Precious Metals: It offers segregated storage solutions to its clients with precious metal IRAs. In partnership with Delaware Depository. An IRS-approved facility known for its state-of-the-art security measures and stringent auditing processes. Clients of Augusta can rest easy knowing their precious metals are safely kept separate from other investors’ assets.

Customer Reviews and Ratings

Goldco: The company has built an outstanding reputation among clients due to their commitment to customer satisfaction, with several reviews across different platforms praising Goldco’s customer service, transparency and educational resources as hallmarks of excellence. These accolades include A+ from Better Business Bureau (BBB) and AAA from Business Consumer Alliance (BCA), plus an impressive 4.8 star Trustpilot review rating from clients praising its transparency, customer care and educational resources – and all this without even listing all their certifications!

Augusta Precious Metals is a company that has established a reputation of respect for their exceptional customer service and commitment to investor education. They have earned A+ ratings from both Better Business Bureau (BBB) and Better Capital Association (BCA) as well as an overwhelming highly rated Trustpilot page (4.7-stars from clients) that praises the personal attention, knowledgeable representatives, and the extensive educational material of Augusta’s services.

Conclusion

Both Goldco and Augusta Precious Metals provide exceptional services and products to investors of precious metals. Each company specializes in gold and silver IRAs, offers coins and bars from reputable vendors, segregated storage through reliable facilities, customer satisfaction programs and investor education initiatives – and have received high reviews and high customer ratings as evidenced by client ratings and testimonials.

Comparing Goldco vs Augusta Precious Metals requires taking your individual investment needs and preferences into consideration. While both firms provide similar services and fee structures, their product offerings, storage partners and customer reviews could sway your choice one way or the other. Therefore, it is vitally important that you perform ample research into each firm to ascertain which fits with your financial goals and preferences more perfectly – doing this can enable an informed choice on which precious metal investment company may best meet them.

Ready to start a gold IRA rollover?

Everyone wants peace of mind regardless of retirement goals. If you are interested in adding gold and silver to your retirement investment portfolio, you can do so with a self-directed IRA. These types allow you to create a retirement portfolio that appreciates in value on a tax-advantaged basis. As with all investment instruments always conduct the due diligence. For more information, have a look at our gold and silver IRA companies reviews for the “top firms throughout the US below.

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