Overview
Goldco and Augusta Precious Metals are two gold IRA custodians. Both offer precious metal IRA accounts. They provide secure storage and liquidation options.
Let's take a more detailed look. How do they compare? Goldco and Augusta Precious Metals have some key differences. Let's explore these:
Introduction to Goldco and Augusta Precious Metals
Goldco and Augusta Precious Metals are two of the U.S.'s top online vault and dealer platforms. They provide various gold, silver and platinum investments for investors, collectors or anyone looking for quality precious metal investments. Here, we'll compare the two companies to help you choose the best one for your requirements.
- Goldco is one of the largest pre-1933 U.S. coin dealers. They also offer post 1933 American coins such as gold Eagles and Maple Leafs. Plus, they help people open IRA accounts with instructions according to IRS rules, so that the investments can receive tax benefits.
- Augusta Precious Metals specialize in bullion bars. These come in sizes ranging from 1 gram to 400 ozs., as well as coins like Chinese Pandas, Australian Kangaroos, American Eagles and Maple Leafs. Augusta allows customers to easily purchase and liquidate metals via their secure storage facility in Mississippi. Plus, they enable customers to access their metals within 48 hours of requests made online or by phone.
Services
Goldco and Augusta Precious Metals offer various services for investing in precious metals. Goldco enables clients to buy coins, bars and rounds. Plus, they offer vaulting services. Augusta Precious Metals has coins, bars and rounds from top mints, plus access to rare coins and collectibles.
Let's see what else these companies have!
Goldco Services
Goldco offers a secure and low-risk way to purchase precious metals. Products include gold, silver, platinum, and palladium. They provide storage services, secure shipping, payment options, managed accounts, and commission-free buying/selling.
Moreover, Goldco has self-directed IRAs for tax advantages. Additionally, customers can move their traditional IRA or 401(k) to a self-directed IRA via Goldco's LLC custodian service.
Finally, the company offers educational materials and a team of professionals to help customers navigate the industry. Their website is regularly updated with industry news and insights.
Augusta Precious Metals Services
At Augusta Precious Metals, we help our customers leverage the power of gold and silver coins, bars, and rounds to secure their future. We offer some of the most preferred products in the industry. From world-renowned mints like the United States Mint, our selection includes 1/2 oz., 1 oz., 2 oz., 5 oz., 10 oz., and 1 kilo gold coins.
You can also find 1 gram, 1 ounce, and 10 ounce gold bars from internationally recognized mints such as Pamp Suisse, Credit Suisse, Valcambi Suisse, Engelhard Industries, and more. Plus, we have pre-packaged market variety rounds in increments from 10 piece equals 1 troy ounce up to 240 piece equals 1 kilogram.
Our knowledgeable staff is here to answer any questions you have about buying physical precious metals. We provide ample education so you understand why you're buying them. Our goal is customer service excellence, so we prioritize providing sound advice that will benefit your long-term financial safety net.
Pricing
Goldco vs Augusta Precious Metals – pricing is priority. Both have many products with different prices. It's important to compare the costs to find the best deal. Let's check the pricing structures.
Goldco Pricing
Goldco offers an extensive variety of gold and silver products at competitive prices. The cost is based on the present spot rate for the precious metal, plus a premium. This premium is calculated according to Goldco's market experience. It gives them insight into which types of products are more valuable than others.
The cost of gold and silver varies from product to product. It typically ranges from 1% to 15%. Gold bars tend to have lower premiums than coins because they don't have mintmarks or an attractive appearance. Generally, Proof and Mint coins have higher premiums due to their rarity and the extra attention given by the mint during manufacture.
At Goldco, all pricing includes insured shipping at no charge when you buy more than $5,000 USD. Plus, they offer gold IRA accounts. With these, you can save for retirement or just protect against inflation without any tax liabilities on realized capital gains – as long as you hold it until you retire or turn 59 1⁄2 years old.
Augusta Precious Metals Pricing
Augusta Precious Metals offers competitive prices for gold, silver and other precious metals. Prices fluctuate depending on market conditions. They have a transparent system with various payment methods such as check, wire transfer and credit/debit cards.
For orders over $99 that ship domestically within the United States (excluding Hawaii), they offer Free Shipping. Their Professional Bullion Trading team is also available to discuss individual needs without any commitment to purchase.
Customer Support
Customer service is key when deciding on a gold IRA company. Goldco and Augusta Precious Metals both have outstanding customer service teams. Let's compare their pros and cons. Questions? They are available to help.
Goldco Customer Support
Goldco is all about excellent customer service. Our staff consists of knowledgeable professionals who are eager to answer your queries and help you pick the right gold investment. We have customer service representatives ready to assist you from 9am-5pm Monday to Friday. If you contact us after hours, you will still get a response via email in 24 hours.
Our priority is to make investing in gold easy, stress-free and convenient. You can reach us by phone (888 988 5442), email ([email protected]) or social media (Facebook: GoldcoPreciousMetals Twitter: GoldcoPM).
If you ever have questions or concerns regarding your account, our experienced team is always here to help. With us, you can be certain that your investments are handled with utmost trustworthiness.
Augusta Precious Metals Customer Support
At Augusta Precious Metals, we understand that customers need to be informed. So, we are devoted to providing excellent customer service. Our knowledgeable customer support team can be reached by phone or email. We also have tutorials and product information online to help you choose the right precious metals.
We provide personalized direct access. Our live call center has experienced support agents who are experts in the precious metals industry. From the quote to the delivery, each agent will work with you to make sure you get what you need in the way you want. Plus, our agents will give feedback within two hours after you request a quote or show interest in a product.
We stand out from other precious metals companies due to our dedication to customer service. Our team has the expertise necessary for you to make the best purchase decision. Contact us now for more information about our commitment to quality customer service!
Conclusion
Goldco has an array of products and competitive storage fees, but their markups on commodities are high. Augusta Precious Metals has lower markups, however customer service is not as extensive. It's up to each individual to choose the one that best suits their needs and wishes.
Pros and Cons of Goldco and Augusta Precious Metals
When searching for a provider of gold, silver and other precious metals, it is essential to compare the advantages and disadvantages of different product choices. By studying companies such as Goldco and Augusta Precious Metals, you can make an informed decision on which one is best for you. Here is a summary of some of their main features:
- Pros of Goldco:
- Flexible payment methods
- Many coins/bars to buy
- Excellent customer service
- Pros of Augusta Precious Metals:
- Affordable storage with PeaceOfMind Protection
- Lots of coins/bars to select from
- Free domestic shipping on most orders
- Cons of Goldco:
- High product premiums than other providers
- Limited buying options for first time buyers
- Cons Of Augusta Precious Metals:
- Higher storage fees than other providers
- Unclear how long to get your order
Frequently Asked Questions
1. What makes Goldco and Augusta Precious Metals different?
Goldco and Augusta Precious Metals are both trusted providers of precious metal investment options. However, Goldco specializes in helping clients invest in gold and other precious metals for their individual retirement accounts (IRAs), while Augusta focuses on physical gold and silver investments outside of IRAs.
2. Can I invest in gold through both companies?
Yes, you can invest in gold through both companies. However, it is important to consider which company may be a better fit for your specific investment goals, as their focus and expertise may differ.
3. What are the fees associated with investing with Goldco or Augusta?
Both companies have fees associated with their investment options, such as setup fees, storage fees, and transaction fees. It is important to thoroughly review each company's fee structure before making a decision, as fees can significantly impact your overall investment returns.
4. Does either company offer any guarantees?
Goldco offers a 7-day buyback guarantee on qualifying purchases, as well as a price match guarantee on certain competitors' prices. Augusta does not offer any specific guarantees, but they do pride themselves on their commitment to providing high-quality, personalized service to their clients.
5. Can I rollover my IRA with Goldco or Augusta?
Yes, both Goldco and Augusta offer IRA rollover services to help clients transfer funds from existing IRAs into precious metal IRAs. However, it is important to carefully consider the tax implications and potential fees associated with any rollover before making a decision.
6. What kind of customer support can I expect from Goldco or Augusta?
Both companies offer personalized customer support to their clients, with dedicated account executives available to answer questions and provide guidance throughout the investment process. Each company also has a wealth of educational resources available on their website to help clients make informed investment decisions.
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