Goldco vs Augusta Precious Metals 101 - Archaic Investments
goldco vs augusta precious metals

Goldco vs Augusta Precious Metals 101

As a reader on my site, first off welcome, second, I am assuming you are in the process of researching Precious Metal IRAs and have stumbled upon two of the primary companies.

In this article, I thoroughly compared Goldco vs Augusta Precious Metals to help provide you information to weigh the pros and cons of each.

So I broke down their services, fees, customer reviews, and overall performance, to ideally provide you with a clear picture of what each company brings to the table.

I also have links to detailed reviews of both companies, so you can dive deeper into their offerings.

Another aspect of precious metal IRAs that you may not be familiar with is that you can own metals beyond gold and silver.

So, I’ve also included information on additional precious metals like palladium and platinum.

If you plan to read this article in full, expect to spend around 15 minutes – but for a quicker overview, I created some charts and summaries to help.

Choosing between Goldco and Augusta Precious Metals is a significant decision for your investment portfolio. So, let’s dive in!

Quick Disclaimer:

The content provided in this article is for informational purposes only and should not be considered financial or investment advice. Always consult with a qualified financial advisor before making any decisions regarding Precious Metals, investments, or IRAs. Additionally, this article contains affiliate links, and I may earn a commission if you make a purchase through these links, at no additional cost to you.


Another question, I have been asked is, “What Gold IRA companies are the best” or “Which IRA companies are the most trusted?”.

If you’d like more information, below is a link to a comparison PDF by Augusta Precious Metals that could be useful. (It’s also free.)

Augusta Gold IRA Company Integrity Checklist


Goldco vs Augusta

Company Backgrounds

Goldco:

Goldco was founded in 2006 and has established itself as a reputable gold IRA provider.

They offer a wide selection of investment-grade bullion coins and bars approved for IRA investments, including American Gold Eagle, American Silver Eagle, and American Buffalo coins, as well as platinum and palladium options (LinkedIn).

Goldco has built a strong reputation for its expertise and customer-centered approach.

Augusta Precious Metals:

Established in 2012, Augusta Precious Metals quickly became a trusted name in the gold IRA industry.

Founded by Isaac Nuriani, Augusta has an A+ rating from the Better Business Bureau (BBB) and the Business Consumer Alliance (BCA), reflecting its reliability and commitment to excellence (Jerusalem Post).

They are recognized for offering lifelong support and educational resources to their clients.

CompanyFoundedBBB RatingBCA RatingNotable Offerings
Goldco2006A+N/AAmerican Gold Eagle, American Silver Eagle, American Buffalo, Platinum, Palladium
Augusta Precious Metals2012A+A+Free 1-on-1 web conferences, Premium bullion coins, Lifetime support
Photo by tookapic

Customer Service Offerings

Both companies have a history of providing excellent customer service, but their approaches differ.

So, let’s take a look!

Goldco:

  • Support: Streamlined setup process for new IRAs, assists with paperwork, and helps select metals suited for investment goals.
  • Custodian Partnerships: Collaborates with reputable custodian banks to ensure the safekeeping of precious metal assets (LinkedIn).
  • Customer Assistance: Offers personalized consultations to assist in making informed decisions.

Augusta Precious Metals:

  • Support: Conducts free 1-on-1 web conferences covering the economy, silver, and gold IRAs for educational purposes.
  • Paperwork Assistance: Helps with the majority of paperwork required to open or transfer IRAs.
  • Fees: Allows some fees to be paid up to 10 years in advance, offering financial flexibility.
  • Shipping: Provides free shipping for all orders.
  • Lifetime Support: Ensures lifetime support for customer accounts, enhancing long-term satisfaction.

For more detailed insight into their customer satisfaction levels and transparency, you can explore customer reviews and ratings on various platforms.

The customer service experiences at both Goldco and Augusta Precious Metals are designed to make the process of investing in a gold IRA as seamless and stress-free as possible.

For more on Goldco, read our goldco review, and for Augusta Precious Metals, see the augusta precious metals review 2024.

Available Precious Metals with both companies

Both Goldco and Augusta Precious Metals offer a wide range of precious metals for IRA investments, providing ample opportunities for portfolio diversification.

Goldco:

  • Specializes in gold and silver.
  • Offers investment-grade bullion coins and bars approved for IRA investments, including popular items such as:
  • American Gold Eagle
  • American Silver Eagle
  • American Buffalo

Augusta Precious Metals:

  • Provides a broader range of metals for investment, including gold, silver, platinum, and palladium.
  • Investment choices include premium coins such as:
  • American Gold Eagle
  • Canadian Maple Leaf
  • American Buffalo
CompanyGoldSilverPlatinumPalladium
GoldcoYesYesYesYes
Augusta Precious MetalsYesYesYesYes

For a closer look at Augusta’s offerings, consider reading our article about Augusta precious metals pros and cons.


Another common question I get asked about sales tactics used by Gold IRA companies is about how silver is leveraged and mentioned.

If you want to learn more, below are two free PDFs by Augusta Precious Metals that break down how to check the integrity of an IRA provider as well as information on how Silver is used as a sales tactic.

Augusta Precious Metals Links:

Investment Minimums

Goldco:

  • Requires a minimum investment of $25,000 for a Gold IRA.
  • This minimum makes it accessible for those ready to commit a significant amount of capital.

Augusta Precious Metals:

  • Also requires a minimum investment of $50,000 for a Gold IRA.
  • Known for catering to clients who are prepared to invest larger sums.
CompanyMinimum Investment (USD)
Goldco25,000
Augusta Precious Metals50,000

For a detailed review of Goldco’s minimum investment and other criteria, visit goldco minimum investment.

Alternatively, explore Augusta’s fee structure and investment considerations at augusta precious metals fees.

Fee Structures: Goldco Vs Augusta Precious Metals

Account Fees

Goldco and Augusta Precious Metals have distinct fee systems for maintaining an IRA account.

Goldco has a structured fee system that includes multiple layers of charges:

  • One-time IRA account setup fee: $50
  • Wire fee: $30
  • Annual maintenance fee: $100
  • Storage fee: $150 for segregated storage or $100 for non-segregated storage

For more details about Goldco’s fees, visit our detailed section on Goldco fees.

Augusta Precious Metals has a more transparent tiered fee structure:

  • One-time account setup fee: $50
  • Annual custodial fee: $80
  • Annual storage cost: $100

Augusta also offers the added benefits of waiving setup, storage, and custodial fees for up to 10 years, depending on the size of the investment.

Additionally, they do not charge shipping fees.

For more details on Augusta’s fees, you can check Augusta Precious Metals fees.

Here’s a comparative table to summarize the account fees:

Fee TypeGoldcoAugusta Precious Metals
One-time setup fee$50$50
Wire fee$30N/A
Annual maintenance fee$100$80
Annual storage fee$150 (segregated)$100
 $100 (non-segregated) 

Figures from IBRinfo.

Storage Costs

Storage costs can significantly impact the overall expenses involved in maintaining a Gold IRA.

It’s important to compare the costs between Goldco and Augusta to understand which provider offers a more cost-effective solution.

Goldco provides options based on the type of storage:

  • $150 per year for segregated storage, where your assets are stored separately.
  • $100 per year for non-segregated storage, where your assets are stored alongside those of other investors.

Augusta Precious Metals aims for simplicity with its storage fees:

  • A flat annual depository storage fee of $100.

Here’s a summary table of the storage costs:

Storage TypeGoldcoAugusta Precious Metals
Segregated Storage$150 per year$100 per year
Non-segregated Storage$100 per yearN/A

If you’re looking for additional insights, you might want to check out Goldco IRA reviews and Augusta Precious Metals vs Goldco.

Recognition and Ratings

When deciding between Goldco and Augusta Precious Metals for your gold IRA, it’s essential to examine how each company is recognized and rated.

Key metrics include ratings from the Better Business Bureau (BBB) and industry recognitions.

Better Business Bureau Ratings

Better Business Bureau (BBB) ratings provide an insight into each company’s customer service and overall reliability.

Both Goldco and Augusta Precious Metals strive to maintain high standards.

CompanyBBB Rating
Augusta Precious MetalsA+
GoldcoA+

Augusta Precious Metals has an A+ rating from the BBB, reflecting its commitment to security, transparency, and customer satisfaction (Augusta Precious Metals BBB).

Goldco also boasts an A+ rating from the BBB, highlighting its strong focus on customer service and support (Goldco Review).

These high ratings indicate that both companies prioritize the needs and satisfaction of their clients.

Industry Recognitions

CompanyIndustry Recognitions
Augusta Precious MetalsBest Gold IRA Company for 2024 (Overall Best)
GoldcoBest Gold IRA Company for Customer Support

Augusta Precious Metals has been ranked as the overall best gold IRA company for 2024, with particular emphasis on education, transparency, and customer service.

Goldco is highlighted for its exceptional customer support, making it an excellent choice for those new to precious metal investments (Goldco IRA Reviews). They have assisted investors in diversifying their retirement portfolios with gold and silver for over 15 years, earning a reputation for reliability and trust.

Summary of Key Competitor Ratings

Assessment CriteriaAugusta Precious MetalsGoldco
BBB RatingA+A+
Industry RecognitionOverall Best Gold IRA 2024Best for Customer Support

For more information on fee structures, check out our comprehensive articles on Goldco Fees and Augusta Precious Metals Fees.

Promotional Offers: Goldco Vs. Augusta

Zero IRA Fees

Augusta Precious Metals stands out with an enticing promotion of zero IRA fees for up to 10 years.

This can be a significant cost saver for long-term investors.

The savings on IRA fees can add up over time, making your investment more profitable.

Discover more about any potential augusta precious metals fees.

ProviderPromotionDuration
Augusta Precious MetalsZero IRA FeesUp to 10 years

Free Silver Incentives

Goldco offers a compelling ‘Special Incentive Promotion’ where new customers can receive up to $10,000 in free silver for qualifying accounts (Medium).

The percentage of free silver received varies based on the amount invested, ranging from 5% on investments between $50k-$100k, and reaching up to 10% for investments over $100k.

This incentive can be a substantial benefit for those looking to diversify their investment portfolio with tangible assets.

For more details on Goldco’s promotional offers, visit their page on goldco free silver.

Investment AmountFree Silver Percentage
$50k – $100k5%
Above $100kUp to 10%

For more insights, see the full comparisons in the articles augusta precious metals vs goldco and specific goldco ira reviews.

Customer Reviews of Goldco and Augusta

Trust and Transparency

Trust and transparency are pivotal in the precious metals investment industry, ensuring that investors feel secure and well-informed.

Goldco is celebrated for its trustworthy business practices.

With ratings of A+ from the Better Business Bureau and AAA from the Business Consumer Alliance, Goldco ensures that investors can rely on their services (IBRinfo).

Additionally, their ethical approach and dedication to customer satisfaction have earned them a strong reputation in the market.

Augusta Precious Metals, on the other hand, is lauded for its transparency.

Recognized by Investopedia for ‘Most Transparent Pricing’ in 2022 and 2023, Augusta is committed to making sure investors are fully aware of the costs and processes involved (Gold IRA Companies Bulletin). T

his dedication to transparency helps build a strong foundation of trust with their clients.

For more detailed comparisons on these companies, visit our articles on goldco vs augusta precious metals and goldco review.

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