Augusta Precious Metals
Key Facts
- Min. Investment
- $50,000
- Annual Fees
- ~$200/year (setup + custodian + storage)
- Founded
- 2012
- IRA Types
- Traditional, Roth
Overview
Augusta Precious Metals was founded in 2012 by Isaac Nuriani and is based in Beverly Hills, California. The company focuses almost exclusively on gold and silver IRAs for retirement investors. Every prospective customer is offered a free one-on-one web conference led by Devlyn Steele, the company's Harvard-trained director of education — roughly 45 minutes of economic context and gold IRA education with no purchase required. Augusta uses a no-commission model for sales staff, which reduces pressure-based selling. The $50,000 minimum reflects the company's focus on serious retirement investors.
Pros
- ✓Free one-on-one web conference with Harvard-trained economist — no purchase required
- ✓No-commission sales model reduces pressure tactics
- ✓A+ BBB rating with strong track record since 2012
- ✓IRA-eligible products clearly labeled on the website
- ✓Zero-fee buyback program with 24-hour cancellation window
Cons
- –High $50,000 minimum excludes smaller investors
- –Gold and silver only — no platinum or palladium
- –Live pricing not published on website
Frequently Asked Questions
What is the minimum investment at Augusta Precious Metals?
Augusta requires a minimum of $50,000. This higher threshold reflects the company's focus on serious retirement investors rather than small starter purchases.
What fees does Augusta charge for a gold IRA?
Augusta's fees include a $50 one-time setup fee, a $100 annual custodian fee through Equity Trust, and a $100 annual depository fee at Delaware Depository — roughly $250 in the first year and $200 each year after.
Does Augusta offer a buyback program?
Yes. Augusta offers a zero-fee buyback program with a 24-hour cancellation window if you find a higher price elsewhere. Federal law prohibits guaranteeing a specific price.