Augusta Precious Metals vs Monetary Gold
Augusta Precious Metals & Monetary Gold Comparison
Key Takeaways
- Augusta Precious Metals is known for its transparent pricing and excellent customer service, receiving top ratings from several review sites.
- Monetary Gold offers a wide range of precious metals and is recognized for its flexible IRA services.
- Both companies have strong reputations, but Augusta is often highlighted for its educational resources and customer support.
- Gold IRA fees can vary significantly between the two, with Augusta often praised for its straightforward fee structure.
- Understanding the differences in buyback programs and peace of mind guarantees can impact your investment decision.
Augusta Precious Metals Overview
Augusta Precious Metals stands out as a leader in the gold investment industry, celebrated for its commitment to transparency and customer education. With maximum ratings from the Better Business Bureau and Business Consumer Alliance, Augusta has built a reputation for reliability and trust. They offer a comprehensive range of services, including gold and silver IRAs, and are known for their customer-centric approach.
One of the standout features of Augusta is their emphasis on education. They provide free one-on-one webinars with a Harvard-trained economist, ensuring that investors are well-informed about the gold market. This educational focus empowers investors to make confident decisions based on a solid understanding of precious metals.
Monetary Gold Overview
One of Monetary Gold’s strengths lies in their ability to cater to different investor needs. Whether you’re interested in physical assets or prefer a precious metals IRA, they offer the flexibility to choose the investment strategy that best suits your financial goals.
Gold IRA Services
Augusta’s Gold IRA
Augusta Precious Metals offers a streamlined process for setting up a Gold IRA. They provide lifetime account support, which means you can rely on their assistance at any stage of your investment journey. Their transparent pricing model ensures that you know exactly what you’re paying for, with no hidden fees to worry about.
In addition to their excellent customer service, Augusta also offers a robust buyback program. This means that when you’re ready to sell your precious metals, Augusta will purchase them back from you at a competitive rate. This program provides peace of mind, knowing you have a reliable exit strategy when the time comes.
Monetary Gold’s Gold IRA
Monetary Gold also provides a comprehensive Gold IRA service, with a focus on flexibility and choice. Investors can select from a wide range of precious metals to include in their IRAs, giving them the ability to diversify their portfolios according to their preferences.
The Company offers a variety of educational resources to help investors understand the intricacies of precious metals investing. While they may not have the same level of personalized educational support as Augusta, their resources are still valuable for those looking to expand their knowledge.
Years in Business / Minimum IRA Investment Comparisons
| Started in Business | Minimum IRA Investment Levels | |
| Augusta Precious Metals | 2012 | $50,000 |
| Monetary Gold | 2000 | $10,000 |
Independent Ratings Compared
When evaluating a gold investment company, independent ratings can provide insight into their reputation and reliability.
Ratings at Better Business Bureau (BBB), Business Consumer Alliance (BCA) and Trustlink:
| BBB | BCA | Trustlink | |
| Augusta Precious Metals | A+ | AAA | 5 out of 5 Stars |
| Monetary Gold | A+ | AA | 5 out of 5 Stars |
These high ratings are a testament to both companies’ dedication to maintaining transparent and trustworthy relationships with their clients. It also reassures investors that both companies are committed to resolving any issues that may arise during the investment process.
When choosing a gold investment company, it’s beneficial to consider customer reviews as they offer a glimpse into what you can expect from their services.
Company Credibility & Reputation Compared
When comparing the credibility and reputation of Augusta Precious Metals and Monetary Gold, it’s clear that both companies are well-regarded in the industry. Their high ratings from independent organizations and positive customer reviews speak volumes about their dedication to providing quality services.
Augusta has made an unprecedented commitment to compliance. They have an independently monitored compliance department, and they regularly subject themselves to third party compliance audits.
Industry-wide Accreditations
- Voted ‘Best Overall Gold IRA Company’ by Money Magazine for the past 3 years (Augusta)
- Recognized for ‘Most Transparent Pricing’ by Investopedia for the past 2 years (Augusta)
- Awarded ‘Best of’ by Trustlink for multiple years (Augusta)
Complaints Compared
Complaints registered at Better Business Bureau (BBB) and Business Consumer Alliance (BCA):
| BBB | BCA | |
| Augusta Precious Metals | ZERO (All Time) | ZERO (All Time) |
| Monetary Gold | 1 complaint closed in last 3 years
0 complaints closed in last 12 months |
0 in last 3 years |
Gold IRA Fees Compared
| Set up Fees | Admin Fees (annually) | Storage Fees (annually) | |
| Augusta Precious Metals | $50 + $30 wire fee | $80 | $150 for segregated $100 for non-segregated |
| Monetary Gold | $30 – $60 (dependent upon the custodian used) | $100 for gold valued up to $100,000, then $1 per $1000 of gold thereafter | $150 for segregated $100 for non-segregated |
Client Education and Resources Compared
Augusta Precious Metals takes a unique approach to client education, offering free one-on-one webinars with a Harvard-trained economist. This educational support is invaluable for investors looking to deepen their understanding of the gold market and make informed decisions. Augusta’s commitment to education is a key differentiator, providing clients with the knowledge they need to succeed in their investments.
Monetary Gold also provides educational resources, including guides and articles on precious metals investing. While they may not offer the same level of personalized education as Augusta, their resources are still helpful for investors seeking to learn more about the industry.
Customer Service and Support Compared
Customer service is a crucial factor when choosing a gold investment company, and both Augusta Precious Metals and Monetary Gold excel in this area. Augusta is known for its lifetime account support, ensuring that clients have access to assistance whenever they need it. Their customer service team is praised for being knowledgeable and responsive, providing peace of mind for investors. They allocate a Customer Success Agent to each customer.
Monetary Gold also offers strong customer support, with a team of experts ready to assist clients with their investment needs. They are known for their patience and willingness to answer questions, helping investors feel confident and informed.
Peace of Mind Guarantees Offered
Peace of mind is a significant consideration for investors, and both Augusta Precious Metals and Monetary Gold offer guarantees to ensure client satisfaction.
Augusta offers a 7 Day Money Back Guarantee and a 100% Satisfaction Guarantee. The latter enables their customers to switch to a different provider seamlessly and without penalties at any time, should they be unhappy with Augusta’s services.
Monetary Gold also offers guarantees, including secure storage options and insurance for precious metals. These guarantees provide investors with reassurance that their investments are protected and secure.
Buyback Programs Offered
Buyback programs are an essential consideration for investors looking to sell their precious metals. Augusta Precious Metals offers a robust buyback program which includes a ‘Highest Buyback Guarantee’. This program provides a straightforward process for liquidating assets, making it a convenient option for investors.
Monetary Gold also has a buyback program, allowing clients to sell their metals back to the company. While their program is effective, some investors have noted that the process can be slightly more complex compared to Augusta’s streamlined approach.
New Customer Incentives
| Incentive #1 | Incentive #2 | Incentive #3 | |
| Augusta Precious Metals | Free Gold – choose from 3 Gold Coins | Up to 10 years of custodian and storage fees covered by Augusta | Free one-on-one educational web conference with Harvard trained economist |
| Monetary Gold | New customers receive free shipping when they initially invest with the company | After the first few purchases, a flat shipping fee is applied, which is consistently low regardless of the price or quantity of metals being sold | None advertised |
My Verdict: Why Augusta Precious Metals Comes Out on Top
After thoroughly comparing Augusta Precious Metals and Monetary Gold, it’s clear that both companies offer valuable services and have strong reputations in the gold investment industry. However, Augusta Precious Metals consistently stands out for its transparency, unblemished complaints record ever at BBB and BCA, one-on-one educational webinars, lifetime account support and strict commitment to compliance.
VISIT AUGUSTA PRECIOUS METALS >>
CALL AUGUSTA: 855-386-4202
About the Author: Doug YoungDoug is a highly experienced professional and widely trusted authority in financial investing, commodity trading, and precious metals. With over 20 years of expertise, he helps others make informed decisions by sharing a combination of personal experience, extensive knowledge and meticulously researched information on gold IRAs, precious metals investing and retirement planning. He regularly writes news items on these topics. He has considerable experience of evaluating Gold IRA and Precious Metals Companies, gained over a period spanning more than a decade.
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