When considering a retirement plan, many people overlook precious metals. In this review of Augusta Precious Metals, readers will learn that the gold IRA company offers a solution that can support your retirement during times of uncertainty while also providing other benefits.
This review will explore how Augusta Precious Metals can help supplement your retirement funds. Gold Hill Retreat has researched and gathered the information in this report to help readers learn more about this precious metals IRA company.
Keep reading to find out How Augusta Precious Metals is helping support investors’ retirement.
What is Augusta Precious Metals?
Augusta Precious Metals is a precious metal dealer that provides gold, silver, platinum, and palladium coins. Augusta Precious Metals helps retirees or soon-to-be retirees protect their wealth by adding physical precious metals to their retirement portfolio. A precious metals purchase can be made through the company and stored in an IRS-approved depository.
About Augusta Precious Metals
Augusta Precious Metals provides customers with the industry’s best pricing, educational assets, and a simplified, streamlined process. In short, Augusta Precious Metals wants to earn investors through substance and high-quality service without relying on gimmicks.
At the time of this review, Augusta Precious Metals’ complaints are at a record low. There are 0 customer complaints filed on the Better Business Bureau’s website. Gold Hill Retreat has not reviewed a company to this point that did not have at least 1 complaint filed with the BBB. The two companies with one complaint but are marked resolved are Gold Advantage and Nobel Gold Investments. The lack of complaints on the BBB might be attributed to the educational process Augusta Precious Metals has in place.
Augusta Precious Metals customers are empowered with an unprecedented amount of information. Empowering customers is the bedrock of the companies core values, found in its mission statement:
“To educate and empower Americans like you to diversify retirement savings and gain peace of mind.”
Augusta Precious Metals Leadership team.
Gold Hill Retreat believes it’s important to know the management team when researching which company to entrust your retirement savings. Augusta Precious Metals lists the following three individuals as the Leaders of the company:
Isaac Nuriani – CEO
Devlyn Steele – Director of Education
Howard Smith – Chief Financial Officer
Between them, they share an impressive 70+ years of financial experience.
Who is Isaac Nuraini?
Isaac Nuraini is the CEO and founder of Augusta Precious Metals. Issac Nuraini has been assisting seniors with financial needs for several years and has a passion for providing quality service to customers before purchasing gold. Gold Hill Retreat has not found a more active CEO in the precious metals community. Isaac Nuraini is a member of the following:
- National Ethics Association
- Certification as an authorized dealer of the Professional Coin Grading Service (PCGS)
- Industry Council for Tangible Assets (ICTA)
Under Mr. Nuraini’s direction, Augusta Precious Metals adheres to the coin grading standards of the Numismatic Guaranty Corporation (NGC). Its critical precious metals are correctly rated for quality and purity unbiasedly. NGC has strict procedures and guidelines to prevent consultants from influencing the grades assigned to their submissions.
The Numismatic Guaranty Corporation is best known in the collectible coin industry. It is the official grading service of the American Numismatic Association (ANA) and the only coin collecting organization chartered by the U.S. Congress.
Here is an excerpt from Isaac Nuraini’s LinkedIn Profile:
“As owner and CEO of Augusta Precious Metals, I am committed to helping Americans diversify their hard-earned assets by making the gold and silver buying process EASY, SIMPLE and PERSONAL. I have over a decade of experience helping Americans diversify their retirement savings.”
Who is Devlyn Steele?
Devlyn Steele started his almost 40-year career in finance as a fixed base operator with an airline company in 1983. He has held several positions in the financial field with several well-known companies such as UPS, People Express Airline, and several Silicon Valley tech companies.
He is currently a member of the Harvard Business Analytics program. The business analytics program is built to ensure that data-driven professionals across the globe benefit from a rigorous program that transforms them into next-level leaders.
The business analytics program goal seems to fit his personality as he discusses his love for observing and using large amounts of data to make sound decisions. One of the Harvard Business Analytics program’s goals is to help create processes to curate large amounts of data.
In the video below, Mr. Steele states that he enjoys investing in all markets real estate, stock market, gold, and silver, along with other precious metals. Devlyn and Isaac have a passion for helping customers understand the benefits of owning precious metals IRAs with physical gold.
Who is Howard Smith?
From the Augusta Precious Metals website Howard Smith’s bio:
“During more than 20 years in capital markets and banking, Augusta CFO Howard Smith has seen firsthand the volatility that economic and geopolitical upheaval can inflict on retirement savings. He joined our team in early 2018, falling in love with the company’s mission to educate customers about diversifying wealth and empower them to offset serious potential concerns about their savings. Mr. Smith offers extensive experience in risk management through previous work with major banks and local/federal governments. He offers a risk management mindset to help Augusta achieve its corporate financial goals – ultimately helping customers understand and overcome possible risks affecting their own retirement. Mr. Smith is a certified CPA and an economics/finance graduate of the University of Toronto.”
Where is Augusta Precious Metals Located?
There are three offices listed on the Augusta Precious Metals website: headquarters, satellite, and accounting. Contrary to standard convention, it seems that Augusta Precious Metals directs customers to the satellite office, not the headquarters office.
The headquarters is at 5830 East 2nd Street, Casper, WY, US 82609. From the Google Business Profile, the company listing is not registered here.
The satellite office at 8484 Wilshire Blvd #515, Beverly Hills, CA 90211 is registered for the Google Business Profile.
The accounting office at 19528 Ventura Blvd, Unit #562, Tarzana, CA 91356 can be seen below.
Why do people invest with Augusta Precious Metals?
Augusta Precious Metals works with customers to build long-lasting relationships. Unlike some other precious metal companies, according to the Augusta Precious Metals reviews on Business Consumer Alliance, this gold IRA company is focused on educating customers with informative presentations.
Head of education Devlyn Steele holds zoom call introductory meetings covering the market, government regulations, and how they have the potential to affect retirement investments.
Augusta Precious Metals considers itself to be the best gold IRA company because they don’t push customers to buy any gold and silver bullion products. The main focus is to properly inform and educate customers on the right reasons to purchase physical gold coins to fund a precious metals IRA.
Augusta Precious Metals has a streamlined gold IRA process into 5 simple steps. The first is to meet your agent, who will be assigned to you in all things gold and silver throughout the process. Second, take the time to get educated to make sure a gold IRA company is right for you. Third IRA processing, Augusta Precious Metals, and your concierge agent will do 95% of the paperwork. Fourth, order desk to build your portfolio with the assistance of Augusta Precious Metals’ product experts. Fith, a no-stress, no-pressure phone confirmation to finalize your order.
The wrong reasons to invest in Gold and Silver
Augusta Precious Metals has laid out 15 bad reasons to invest in precious metals. Other gold IRA companies may use manipulative tactics aimed to scare retirees or soon-to-be retirees to liquidate assets to purchase precious metals like gold and silver bullion.
Gold Hill Retreat firmly agrees with this message. Any investor looking to diversify their investments with Gold and Silver bullion coins or other precious metals should do so because it is the right move for them, not based on fear-mongering tactics.
The 15 bad reasons to invest in gold, according to Augusta Precious Metals, are:
- Banks can take money away to stay solvent.
- The market is going to crash
- Guaranteed to make money
- Short term profits
- income from portfolio
- Price predictions
- Fear stoking
- Free Gold and Silver
- Ticking clock
- Bad Mouthing
- Government Recall of gold
- Non-reportable coins
- Investment advice
What is the right reason to invest in gold?
There are several reasons to consider investing in precious metals such as IRA-approved gold, silver, palladium, or platinum as part of a balanced portfolio. That portfolio will look like depending on the investor’s goals and risk tolerance. Physical gold and silver bullion has historical ties to currency and has proven to act as an effective hedge against inflation.
Monarchs and governments alike purchased physical gold to store wealth and value throughout history. Since 2001 Gold has outperformed the stock market and S&P 500 index. Damian Rodgers pointed out in his article on investing.com that he could have purchased a one-ounce American Eagle gold coin for $295 back in 2000, and now that same coin would cost him $1780. Gold has increased more than 500% in value while at the same time, the S&P 500 index only rose about 190%.
Today’s economic environment is changing faster than ever, and the past performance of any investment vehicle is not a guarantee of future performance. Any prospective investor should take the time to learn why a precious metals IRA might be suitable for their situation.
Precious Metals During a Recession
Are you thinking about investing in a precious metals IRA or gold IRA? One of the most significant selling points to purchase precious metals and hold in a Gold IRA is to hedge against the destructive power of inflation and currency devaluation. In November and December of 2021, inflation measured in the CPI (Consumer Price Index) released by the U.S. Bureau of Labor Statistics (bls.gov) shows record-high inflation not seen since the 1980s or early 1990s.
Suisse Gold has done some good data mining showing how gold and silver precious metals have performed during a recession.
The chart from Suisse Gold shows that gold in all but one recession in 1982 and 1998 made gains while the S&N 500 lost value into the double digits. Illustrating how a gold IRA can help safeguard retirement wealth preservation.
We are currently not in a recession but out of the previous 8 previous recessions, the value of physical gold has risen. Silver prices have seen price fluctuations but have always lost less than the S&N 500 index.
What are Precious Metals IRAs?
Precious Metals IRAs are different from a 401K or traditional IRA. A Precious Metals IRA, also known as a gold IRA, holds non-traditional assets like collectibles and physical gold, silver, platinum, and palladium.
Precious Metals are valuable rare metal materials found on the earth. Before 1976 when the United States dollar was officially taken off the gold standard and became fiat money, every dollar was back by an equal amount in gold. Even though they are not accepted today in exchange for goods and services, Precious Metals still hold intrinsic value. Investors choose to invest in these metals through a gold IRA company to protect their wealth during times of economic uncertainty.
Precious Metals IRA accounts for investing in gold, silver, platinum, or palladium. The balance of the IRA account is converted to more units of these metals at a given spot price on demand.
Individuals may defer the tax liability associated with their IRAs by transferring some or all of their IRA assets into a trust that only deals in precious metal holdings. A Gold IRA is a type of investment vehicle that will vary depending on your intention.
Some investors prefer to collect an income stream from buying precious metals while prices are low and the overall economy shows uncertainty. Then sell these metals when the price rises and markets are recovering. While other investors invest in a gold IRA to enjoy the safety measures associated with having physical possession of them or storing them as long-term investments–and can be tailored to any individual’s goals and budget.
Why Augusta Precious Metals Gold and Silver?
Augusta Precious Metals gold IRA services educate the customers and provide the information they need to make an empowered decision about investing with a gold IRA company. The best gold IRA companies focus on what is best for the customers’ long-term investment strategy.
This gold IRA provider is no different. Augusta Precious Metals is undergoing a digital facelift. Their website has undergone a facelift to simplify the message and focus on providing the tools and knowledge you need to decide if purchasing gold or silver bullion coins. It all starts with choosing to contact Augusta Precious Metals to learn more.
This gold IRA company is also a proud supporter of K9s for Warriors. K9 for Warriors is the nation’s largest provider of service dogs for veterans. The service dogs help veterans deal with PTSD, and the organization is working to seriously impact returning combat veterans’ quality of life.
The veterans in the program have shown a reduction of medication dependency up to 92%. More importantly, this program saves the lives of America’s war heroes. Graduates are 82% less likely to commit suicide.
Gold Hill Retreat urges anyone looking to learn more about K9 for Warriors to visit their site.
Where Does Augusta Precious Metals Store My Physical Gold?
Gold IRA companies must hold gold IRA assets in an IRS-approved depository. Unlike many gold IRA companies, Augusta Precious Metals works with several IRS-approved depositories giving customers the option to keep the gold or silver IRA investment close to home.
The current Augusta Precious Metals storage locations list includes Los Angeles, California; Salt Lake City, Utah; Jackson, Ohio; Wilmington, Delaware; New Castle, Delaware; and Springfield Gardens, New York.
Augusta Precious Metal Reviews
If you’re looking for a gold IRA company to invest with, Augusta Precious Metals is one of the best gold IRA companies to work with when looking to preserve your wealth. CEO and founder of Augusta Precious Metals Isaac Nuriani is a member of the National Ethics Association and has received certification as a professional coin grading service (PCGS).
As the company leader, Isaac Nuriani is always looking to improve Augusta Precious Metals as the reputable gold IRA company customers can turn to.
As Gold Hill Retreat continues with this Augusta Precious Metals review, we will look at customer reviews from various sites starting with the Better Business Bureau (BBB), Business Consumer Alliance (BCA), Consumer Affairs, and Trust Pilot.
BBB Rating: A+
1/1/2012 in CA, USA
BBB Accredited Since
- Mr. Isaac Nuriani, CEO
What are Augusta Precious Metals ratings on the Better Business Bureau?
When looking at the Better Business Bureau, Gold Hill Retreat can why customers recommend Augusta Precious Metals to their friends as the best gold IRA company. According to the BBB Augusta, Precious Metals was incorporated on 1/1/2012, registered with the BBB on 2/6/2014, and became BBB accredited on 2/17/2015.
Since then, they’ve held an impressive 4.97 out of 5-star rating with 90+ reviews and 0 complaints. As noted above, this is the only precious metals company Gold Hill Retreat has reviewed with 0 complaints.
Augusta Precious Metals Complaints
When writing the Augusta Precious Metals review, Gold Hill Retreat has yet to find a gold IRA customer who was unsatisfied enough to register complaints against the company. Some of the would-be complainees are given the option to contact Augusta Precious Metals directly on the Better Business Bureau’s website.
Giving unhappy customers the option is a practice used by many companies to retain customers by addressing the issues they have encountered. Often in business, a bad experience is attributed to miscommunication or employees interacting with customers in an undesired way.
Augusta Precious Metals Lawsuit
Gold Hill Retreat could not find any active lawsuits but thought this section valuable as there is a Consent order between Augusta Precious Metals and the Minnesota Department of Commerce listed on the Better Business Bureau’s website.
Augusta Precious Metals is required to pay a $3,000 penalty to the State of Minnesota for not properly registering with the Department of Commerce and selling more than the statutory threshold in bullion products.
Augusta Precious Metals Trustlink
TrustLink is a trusted third-party review platform much like the Better Business Bureau. When searching for a home, personal and professional services, clients go to TrustLink. The TrustLink platform is a simple no thrill service strictly controlling information published on the site.
Many customers appreciate this simplistic platform because it highlights customer reviews and existing clients’ ratings.
Augusta Precious Metals’ listing on TrustLink shows an impressive 5 out of 5-star rating. When writing this article, there were 275 customer reviews on the platform, and the CEO Issac Nuriani responded to several reviews, thanking the customer for providing valuable feedback.
Here is a Review from Ralph K.
“When I was initially contacted by Kevin Martin about purchasing precious metals I was very apprehensive about having to listen to a high pressure sales pitch and webinar. Through Kevin’s persistence he convinced me to participate in a web conference with precious metal analyst Devlyn Steele. If you don’t know of Mr. Steele I can assure you he does a great job in explaining the current economic scenario and has the ability in layman terms to explain the benefit there would be in having a portion of your assets invested in precious metal. The session was not only informative, but educational as well, without the pressure many of us have experienced when someone has tried to sell us various goods and services in the past. Well worth the invested time.”
Augusta Precious Metals Business Consumer Alliance
The Business Consumer Alliance (BCA) was once a part of the Better Business Bureau. It operated as the Better Business Bureau of the Southland, only operating in the greater Los Angeles area. The name change in 2013 allowed them to expand their operations throughout the United States.
The general purpose of the BCA is to promote business self-regulation. Through a sophisticated algorithm that evaluates several different aspects of businesses, BCA can assign letter grades, ranging from AAA to F, which assists the public in identifying reputable or disreputable companies.
Augusta Precious Metals has the highest letter grade available from the BCA, a ‘AAA,’ and a 5 out of 5-star rating based on 76 independent customer reviews.
This gold IRA company has been a charter member of the Business Consumer Alliance since 2013.
Augusta Precious Metals Glassdoor
When searching for the best gold IRA company, some indicators on the company’s reputation, reliability, ability to maintain high levels of customer service, and control costs are how employees view the company. Glassdoor is a platform where current and past employees and interviewees can post their experiences anonymously.
Glassdoor is an excellent resource for job applicants to research a company to get a feel for the company culture, like average salaries for various positions and the interview process.
Overall, Augusta Precious Metals has a 4.5 out of 5-star rating.
The trend for employee reviews on Glassdoor tends to be more negative than positive, which has to do with employee nature. When employees are happy and content with staying at a company, they usually don’t seek out these job-research boards. When the employee is entertained leaving the company, they typically find Glassdoor.
The reviews are done when presented with the opportunity to provide their opinion of the company as they are actively looking to leave. But the gold IRA specialists at Augusta Precious Metals are leaving positive reviews even after leaving the company.
What do employees think of Augusta Precious Metal?
Augusta Precious Metals review by employees. As mentioned above, both former and current employees have positive reviews of Augusta Precious Metals. Here is one such review from a former employee:
Title: Hardworking Precious Metals Company Doing it Right
Nov 3, 2020 – Customer Success Agent in Culver City, CA
Augusta is an excellent place to work and get trained. They are patient and excellent teachers. There are many senior employees with long tenures with the company who offer a great deal of wisdom and encouragement. It is not “Wolf of Wall Street” you’ll be working with people who care a great deal about delivering helpful investment information to active investors.
You have to be ready to grind for your earning potential. The large dollar amounts I saw my colleagues making take time and effort to achieve. But if you’re willing to take advice and have the time to commit to this high call volume work you can make a nice living. There are a lot of people around the country who buy gold and silver!
What sticks out the most about the Glassdoor profile is:
- 91% of employees would recommend a friend
- 98% of the employees approve of the CEO
- 93% of employees have a positive business outlook
- Listed as an engaged employer
What are Augusta Precious Metals Fees?
When purchasing premium gold coins or silver bullion from Augusta Precious Metals to fund a gold IRA account, Augusta Precious Metals will add no additional management fees.
The only fees associated with holding an account with Augusta Precious Metals are the standard fees found with several other companies that appear to be hard costs.
- $100 account opening fee
- $100 Annual storage fee
- $80 custodian fee
When deciding how to preserve retirement account savings best, it’s essential to conduct in-depth research. Gold Hill Retreat is honored to be a part of this vital step.
A gold IRA account is a tool used to allow investors to protect their retirement wealth by purchasing premium coins to fund a retirement account.
Augusta Precious Metals is a gold IRA company that has received the highest letter grade available from the BCA, ‘AAA’ and 5 out of 5-star rating based on 76 independent customer reviews. In this review, Gold Hill Retreat has worked hard to provide the relevant information new gold IRA investors will find valuable in deciding which gold IRA company they will invest with or if a gold IRA account is correct for them.