Augusta Precious Metals Fees and Pricing for 2023
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Are you wondering what the Augusta Precious Metals fees for opening an account are?
If yes, my guide below has the answers you need.
Table of Contents
What are the Fees for Setting up Augusta Precious Metals Account?
The fees for setting up Augusta Precious Metals account are:
- One-time set up fee- $50;
- Annual custodian fee- $100;
- Annual depository fee- $100.
In total, you’ll pay $250 for your first year. Afterwards, the fee is flat at $200 per year, as the $50 set-up fee was a one-time expense only.
| Augusta Precious Metals Fee | Recurring Yearly Payment |
|---|---|
| One-time set up fee- $50; | No |
| Annual custodian fee- $100; | Yes |
| Annual depository fee- $100. | Yes |
With Augusta Precious Metals there are no upselles, hidden insurance, shipping and management fees.
You also need to know that there’s a $50 000 account minimum with Augusta Precious Metals.
Augusta Precious Metals also charges a margin when you purchase precious metals.
The margin differs based on whether you’re buying common gold or silver bullion (margin is 5%) or premium gold and silver (margin can reach up to 66%).
What are the Valid Payment Methods for Opening Augusta Precious Metals Account?
The valid payment methods for Augusta Precious Metals are payment by bank wire and personal checks.
You can transfer any amount via bank wire transfers, while payments by check are capped at $50 000 max.
Who Can Buy from Augusta Precious Metals?
Only people who’re 18 years old or older can buy from Augusta Precious Metals. People who’re underage can’t become Augusta’s customers.
Typical Augusta Precious Metals customers are private collectors, speculators and private individuals.
What is the Minimum Investment at Augusta Precious Metals?
The minimum investment at Augusta Precious Metals is $50,000 for non-IRA (cash) purchases, and $50,000 for IRA purchases.
You can meet the minimum purchasing order by purchasing any combination of items you pick.
What is the Maximum Investment at Augusta Precious Metals?
There is no maximum order with Augusta Precious Metals. No matter the size of your order Augusta Precious Metals will be able to fulfil it.
They’re a top gold IRA company operating in the US market.
How Much Should I Purchase With Augusta Precious Metals?
Professionals like Ray Dalio and Jim Kramer recommend that precious metals make up 5% to 10% of a well-diversified portfolio.
It’s up to you to decide how much physical gold and silver makes sense for your own portfolio.
Before purchasing you’ll need to consult your financial and tax advisors, and Augusta Precious Metals will never nudge you or recommend any specific portfolio percentage for any particular person.
Which Forms of Gold and Silver Do Augusta Precious Metals Offer?
Augusta Precious Metals offers a variety of gold and silver products ranging from premium/rare coins to bullion coins and bars.
With them, you can buy:
- Common gold bullion;
- Common silver bullion;
- Premium gold;
- Premium silver;
- IRA eligible coins.
Does Augusta Precious Metals Charge for Gold and Silver Management?
Augusta Precious Metals don’t charge for gold and silver management because the gold IRA is a self-directed IRA, which means you direct, control and manage your own physical precious metals within the IRA.
In dealing with Augusta Precious Metals you’re only responsible for a modest initial set-up fee, custodian account setup and depository storage fees.
Can I Use PayPal to Pay for Opening an Augusta Precious Metals Account?
PayPal is not a valid payment method for Augusta Precious Metals. Meaning, you can’t use PayPal to pay for one-time setup fees, custodian fees and yearly depository fees.
Can I Use Bitcoin to Pay for Opening an Augusta Precious Metals Account?
BitCoin is not a valid payment method for Augusta Precious Metals. Meaning, you can’t use bitcoin to pay for one-time setup fees, custodian fees and yearly depository fees.
Other types of cryptocurrency you can’t use with Augusta Precious Metals are:
- Binance Coin;
- Tether;
- Cardano;
- Binance USD;
- Ethereum;
- XRP;
- USD Coin;
- Solana.
Can I Use Gift Cards to Pay for Opening an Augusta Precious Metals Account?
Gift cards are not a valid payment method for Augusta Precious Metals. Meaning, you can’t use a gift card to pay for one-time setup fees, custodian fees and yearly depository fees.
Can I Use Personal Checks to Pay for Opening an Augusta Precious Metals Account?
Personal checks are not a valid payment method for Augusta Precious Metals. Meaning, you can’t use a personal check to pay for one-time setup fees, custodian fees and yearly depository fees.
Can I use Payments Made by Phone to Pay for Opening an Augusta Precious Metals Account?
Payments by phone are not a valid payment method for Augusta Precious Metals. Meaning, you can’t pay by phone for one-time setup fees, custodian fees and yearly depository fees
What is the Refund Policy of Augusta Precious Metals?
Augusta Precious Metals’s refund policy is that for all first-time customers Augusta gives an extended cancellation period of seven days for premium gold/silver coin transactions from the moment the transaction is confirmed.
And According to Augusta Precious Metals:
“Subsequent premium product orders are final upon completion of the recorded confirmation call unless laws of your state of residence provide for a longer cancellation period, in which case the longer cancellation period will be honored”.
Augusta Precious Metals Fees and Pricing for 2023 (Conclusion)
Augusta Precious Metals is an affordable precious metals IRA provider.
For only $250 you and a minimum investment of $50 000, you can begin to diversify your retirement savings and regain peace of mind in the face of the looming recession.
Are you going to open an account with them?
LMK in the comment section below.
Nikola Roza
Nikola Roza is an affiliate marketer and blogger behind Nikola Roza- SEO for the Poor and Determined. He writes for bloggers who don't have huge marketing budgets and who still want to carve out a niche online and a better life for themselves. He's also passionate about precious metals IRAs and how to invest in gold and silver for a safer financial future. Learn about Nikola here, or read his blog posts and guides here.