If you already know which IRA company is best for you and your portfolio click on the company link below to get started today!
Is Birch Gold Group or Augusta Precious Metals the Best IRA Company for Me?
The economy is in distress, inflation is on the rise, and the value of the U.S. dollar is declining. Right about now you’re looking for a place to invest that can combat the negatives in the market.
A solid investment choice to combat inflation is owning physical bullion as a hedge. Gold or silver self-directed IRAs are a fantastic vehicle to take advantage of the tax savings and benefits provided to you in a retirement IRA.
Diversifying your portfolio in physical precious metals is a great option. Holding cash does not give you an opportunity for appreciation of value nor does holding all your retirement funds in the stock market. A truly diverse retirement portfolio includes physical assets.
Purchasing physical assets, like gold coins or bars, allow investors to take advantage of the market’s ups and down when buying over time. Using a precious metal IRA, you are running your retirement fund. You control the physical assets and buy and sell when you choose.
Physical gold or silver investing does not give the investor a stream of income. Nope, no cash flow when buying physical metals. But physical precious metals allow the investor to safeguard against a significant drop in the stock market and provide a means of diversification for retirement funds.
Working with a reputable precious metals company will give you the satisfaction of knowing they are looking out for your interest. The best Gold IRA Companies provide the resources and share the knowledge and support that investors need to make informed decisions. These businesses are there to support and assist in education and the purchase or sale of your assets.
Looking at the market there are many choices for gold IRA companies. Getting to know and understand who they are, and which one provides the best options for you can be difficult.
Let’s look at two of the best gold and silver IRA companies in the precious metals industry today and determine if one may be the right choice for you.
Birch Gold Group and Augusta Precious Metals are two of the top precious metals IRA companies in the market. Comparing precious metals IRA companies can be confusing. Not all businesses are the same and what makes for the best option for you may not be the same for another investor.In this article, we compare Birch Gold Group and Augusta Precious Metals and help differentiate these companies and determine which one is right for you!
Birch Gold Group Is the Best IRA Company for Investors Starting Out
Exclusive Birch Gold Offer – Get up to $10,000 in precious metals for FREE with Purchase - restrictions apply!
Brief Company Overview
Birch Gold Group has offices in Burbank California. They have been in business for 19 years and were Accredited through the BBB in November 2011.
The company offers precious metals IRA and is considered one of the original IRA companies given when the business was established.
Offerings are available to U.S. Residents only no sales are available outside the United States.
Lead by Laith Alsarraf the CEO and owner of Birch Gold Group. Not much is known about the leadership of the company.
For a comprehensive review of Birch Gold Group check out our detailed review.
Minimum Requirements For Investing
Birch Gold Group has a minimum investment of $10,000 for cash or IRA rollovers. A full-service firm, Birch Gold can help you purchase or sell your precious metals. They have experience working with a variety of custodians.
Who Advocates for Birch Gold Group
Ron Paul's life’s work is to educate people on liberty and sound money. Through 21 books over his career, he has educated readers about how the monetary system of the United States is failing. A proponent of diversified investment portfolios, Mr. Paul has been a supporter of purchasing physical gold for decades.
Ben Shapiro endorsed Birch Gold Group. Mr. Shapiro is the Editor-in-Chief of The Daily Wire and is an attorney, businessman, author, columnist, conservative political commentator, and media personality. He currently hosts The Ben Shapiro Show, a political radio show that airs daily.
Quoted as saying “it’s foolish not to have some assets in the one area of human activity that has never been worth zero.” Mr. Shapiro is a backer of diversified portfolios and physical gold and silver investment.
Floyd Brown has a background in economics and a degree in economics. His plight has been to educate his readers and followers on how the U.S. Government is devaluing the dollar and robbing the citizens of their savings.
Quoted as saying “I think if you’re depending upon the government to be your solution in retirement, you’re doing yourself a grave injustice."
Jim Rogers – is an American Investor and Fund manager for Quantum Fund and Soros Fund Management. A lifelong investor and Wall Street expert, Mr. Rogers has three Guinness World Records and has traveled the world. Get more information on Jim Rogers here at https://www.jimrogers.com/
Quoted as saying “everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something.”
Better Business Bureau Review
Birch Gold Group has a BBB Rating of A+ with a 4.69 out of 5.0 Star Rating. They have had a few customer complaints in the past 12-36 months.
Few of the complaints referred to deceptive practices for pricing. In review, it appears that the concern is the price of the metals at or above the spot price at the time of purchase. Typical sale prices of gold above spot per ounce are 7-12 percent. When buying coins with less than one ounce of gold premium prices started getting into the 25-30 percent range. ** The Plug suggests a complete understanding of spot price vs. retail price vs. IRA statement value for your investments before any purchases. By understanding how coins and other precious metals are priced you can have more success with your purchases.
All complaints have been addressed and resolved as of the time of this writing.
What Metals are Available
Investors can discuss investing in coins or bars made of Gold, Silver, Platinum, and Palladium.
Augusta Precious Metals is the Best IRA Company for High-Net-Worth Investors
Brief Company Overview
Isaac Nuriani is the CEO and Founder of Augusta Precious Metals. His background is in educating and assisting American seniors on the deceptions of big banks and economic policies hindering the individual’s retirement savings. A member of https://www.ethics.net/ and has a degree in economics from the University of California, Los Angeles.
Devlyn Steele is the director of education. His background includes economic analysis and Harvard graduate. As the education director, his mission is to provide the education and information necessary for people to make informed investment decisions. Experienced in financial assets with over $2 billion processed, his knowledge has attracted numerous wealthy individuals and family offices to their business.
Augusta Precious Metals has been in business for 11 years and has been accredited with the BBB since February 2015.
For a comprehensive review of Augusta Precious Metals check out The Plug's review.
Minimum Requirements for Investing
Augusta Precious Metals is for high-net-worth investors. Those looking to make sound choices that want to diversify their portfolio.
- Minimum investment for IRA rollovers is $100,000
- Minimum investment for cash purchases is $50,000
Who Advocates for Augusta Precious Metals
Mark Levin - host of the Mark Levin Show. Mr. Levin is an American attorney who worked under President Ronald Reagan and was a chief of staff for Edwin Meese. A media personality who has written seven books and is a New York Times best-selling author. You can find Mr. Levin on Fox News and other media outlets.
Joe Montana – Retired Professional Football Player. As the story goes, Joe instructed his financial team to find the best gold company in the US and they chose Augusta Precious Metals. Now an investor and spokesperson for the company Joe put his reputation on the line by endorsing Augusta.
Better Business Bureau Review
Zero Customer Complaints – no complaints are on file for Augusta. They have a 4.93 out of 5.0-star rating and A+ accreditation.
In reading several reviews on the company both on the BBB website and on their own Google Business Profile, clients are very happy with their service. The process from start to finish was methodical, as one client put it, making sure we understood the market, the metals, and the process. Education is key to making sure there are zero complaints.
What Metals do they Provide
Augusta Precious Metals restricts its offerings to IRA-approved Gold and Silver coins and bars. They are not in the business of rare coins or numismatics and will not offer any metals that are speculative.Given their reputation and experience, Augusta does not offer platinum or palladium as investment options since there are fewer coins and bars available and the demand is not as strong.
What is a Precious Metals IRA
A precious metals or Gold IRA is a retirement vehicle where you, as the investor and manager of the account, can purchase assets within the IRA and still have the tax advantages of other traditional IRAs.
You can purchase Gold, Silver, Platinum, or Palladium metals or bars.
Get more information here.
How Do I Invest in a Precious Metals IRA
Starting a precious metals IRA has four stages (typically)
- Stage 1 – Work with a Custodian – Custodians will help you set up your self-directed IRA and will help you fund the account.
- Stage 2 – Work with a Precious Metals Seller – this could be a precious Metals IRA company like Birch Gold Group or Augusta Precious Metals or you can work with any reseller who works with self-directed IRAs and understands the process.
- Stage 3 – Once you find your seller – purchase metals that qualify for the IRA. Requirements include 0.995 fineness for gold coins and bars, 0.999 fine for silver products, and 0.9995 fine for both platinum and palladium. You can purchase Gold American Eagle coins which are 91.67% gold. This is the only gold coin allowed in the IRA that does not meet the 0.995 fine requirements.
- Stage 4 – Ship your metals to a depository or vault. You can choose a vault or depository of your choice or you can work with one that works with your precious metals seller. You cannot hold the coins or bars personally if you are buying within your IRA.
Why Might Augusta Precious Metals Be My Best Choice
Right from the start you need to know that Augusta Precious Metals is for high-net-worth investors. They cater to those able to invest and understand how their business will benefit them and their portfolio.
Lower net-worth individuals can work with Augusta once they qualify. If you qualify you will understand why they require higher net worth individual investors.
Lead by Harvard Trained Analyst Devlyn Steele.
Augusta has a “secret sauce” to max out trade complete conversions.
Cater to high-net-worth individuals who can roll over $100,000 or have cash with a minimum of $50,000 to start investing
- Augusta is right for you if you are a conservative investor.
- Minimum Purchase $50k for cash transactions
- Setup fees of $50
- Annual custodian fees of $100
- Annual Storage Fees of $100
- Total IRA Fee Year 1 = $250
- Total Yearly Fees after Year 1 = $200
- Metals Shipping cost - $0.00
- No Additional Fees
- Virtual Conference For Clients – One on One
- Joe Montana Endorsed
- Educate Clients and Potential Clients on Sales Tactics and Gimmicks to Understand the Industry Better
Why Might Birch Gold Group Be My Best Choice
Birch Gold Group is the best precious metals company to work with if you are just starting and would like to work with a professional company that has your best interest in mind.
Their low initial investment provides you the opportunity to purchase with cash or open an IRA and roll over from an existing 401(k) or retirement account with no tax implications or penalties.
They offer a smooth purchase of precious metals that are best to diversify your portfolio. The ability to purchase either gold, silver, palladium, or platinum from Birch Gold Group.
Here are a few additional Birch Gold Group Facts:
- Low barrier for starting your IRA – minimum requirement is $10,000 for cash or IRA purchases.
- Custodian Fees – one-time set-up of $50
- Custodian of choice is Equity Trust.
- If you are already working with a self-directed IRA custodian they will work with them and you.
- $30 for wire transfers
- Annual Storage $100
- Annual Management of $100
- Offer 1st-year fees waived on IRAs over $50,000
- Free shipping on cash purchases over $10,000
- Up to $10,000 in free precious metals on qualified purchases
- Use Delaware Depository storage, Brink’s, and International Depository Services
- Buy back guarantee with no additional charges
Standards They Hold Themselves to:
- Customer Empowerment
Final Thought on Which Precious Metals Dealer is Right For You
Understand that both Birch Gold Group and Augusta Precious Metals want their investors to be educated on the precious metals investment process, the value of physical assets, and the strategy for a successful investment portfolio.
Your net worth will determine which company you can start with. Having a higher net worth does not mean you cannot work with Birch Gold Group, you can work with any precious metals IRA company you choose.
Getting started buying metals today by getting more information both of these companies to provide free information and you can grab a Free Kit below.
additional articles you may find interesting to read:
Beginners Guide to Investing in Physical Gold
Why Buy Silver and Not Gold in 2023