Augusta Precious Metals Review: Is It the Right Choice for You?
James Byrd- Augusta Precious Metals, Inc., is a precious metals dealer based in Augusta, Georgia.
- The company offers a variety of gold and silver coins, gold bars, silver bars, and rounds and bars.
- Augusta Precious Metals, Inc., was founded in 2004 as a distributor of gold and silver bullion coins from the United States Mint.
Augusta Precious Metals, Inc. is a diversified precious metals dealer based in Augusta, Georgia. It was founded in 2004 as a distributor of gold and silver bullion coins from the United States Mint. As of early 2020, the company offers a selection of gold and silver coins, as well as gold bars, silver bars, and rounds and bars.
Pros Explained
Augusta Precious Metals offers 1,000+ bullion coins and bars, as well as rare coins and paper money.
The website includes details on key numismatics and bullion coins, including their gold content, year minted, and current market price. The site also allows users to access detailed product descriptions and current availability.
Users can search for coins using a keyword search or in order to view a list of coins by type, such as silver bullion or gold bullion.
The website is well-designed and easy to navigate.
Cons Explained
The website does not include pricing information for bullion coins or bars.
The site's search feature does not include options for searching by year minted, category, or gold content.
The site's search results do not include pricing information.
The site does not include pricing information for bullion coins or bars.
The site's search feature does not include options for searching by year minted, category, or gold content.
The site's search results do not include pricing information.
Cons Explained
The cons of Augusta Precious Metals are fairly minimal and limited to the price of certain gold and silver bullion. The gold bullion cost $15.95 per troy ounce and $32.95 per troy ounce for silver bullion. This is fairly high.
Available Courses
The Augusta Precious Metals program contains over 40 hours of video training, 21 courses, and a certification.
Course Topics
The Augusta Precious Metals program contains the following courses:
Gold Prices: History and Analysis
Silver Prices: History and Analysis
Platinum Prices: History and Analysis
Palladium Prices: History and Analysis
Fundamentals of Precious Metals Investing
Technical Analysis for Precious Metals Investing
How to Trade Metals Options
How to Trade Metals Futures
How to Trade Gold and Silver ETFs
How to Trade Gold and Silver Options
How to Trade Currencies
How to Trade Metals Stocks
How to Trade Precious Metals IRAs
How to Trade Precious Metals Funds
How to Trade Precious Metals Mutual Funds
How to Trade Precious Metals Physicals
How to Trade Precious Metals ETFs
How to Trade Precious Metals Metals
Course Format
The Augusta Precious Metals course consists of 12 modules, including a video introduction, 8 lessons, and a final exam. The course can be completed in about 7 hours, but students are encouraged to spend at least 2 hours per module.
Course Cost
The Augusta Precious Metals course has a $79.00 price tag. However, students can acquire it for free by signing up for a trial subscription to its parent company, Investopedia Academy.
Pros
Augusta Precious Metals is designed to teach you everything you need to know in order to effectively invest in precious metals.
The Augusta Precious Metals course covers the fundamentals of investing in precious metals, including the different types of metals, their benefits and risks, and how to invest in them.
Cons
Although there are no prerequisites for the Augusta Precious Metals course, it's designed primarily for individuals who are already familiar with the basics of investing in precious metals.
Instructors
The instructors at Augusta Precious Metals are largely experienced traders who focus on providing students with real-world trading experiences.
Products
The products at Augusta Precious Metals are a mix of physical bullion and numismatic coins. The company offers silver bullion bars, silver rounds, gold coins, gold bars, gold eagles, gold maples, silver eagles, silver maples, and more.
Pricing
The prices on Augusta Precious Metals' products are very competitive, with many of their products priced below spot.
Service
Customer service at Augusta Precious Metals is a strength. The customer service representatives are knowledgeable and can assist clients with initial purchases, shipping concerns, and other topics.
Reputation
The company boasts an A+ rating with the Better Business Bureau (BBB). This is the highest rating a company can receive. Additionally, the company has a 4.9-star rating on Google. This, too, is the highest rating a company can receive.
History
Augusta Precious Metals was founded in 2010 by Tom and Kathy Rand. Rand has a background in investments and commodities, and Kathy has a background in marketing and business. Rand's career included stints at Bank of America, Merrill Lynch, and Morgan Stanley. At Morgan Stanley, Rand was a senior managing director and head of precious metals. Kathy's career included stints at Merrill Lynch and Morgan Stanley.
Their history also includes the founding of Rand Resource, a company that performed energy-related research.
Services
Augusta provides gold and silver bullion, metals IRAs, and coin purchases to its clients. The company offers both physical gold and silver bullion as well as coins. Augusta's precious metals portfolio includes:
Gold: American Eagles and Canadian Maple Leaf
Silver: American Eagles, Canadian Maple Leafs, and Sunshine Mint coins
Platinum: American Eagles, Canadian Maple Leafs, and Sunshine Mint coins
Palladium: American Eagles, Canadian Maple Leafs, and Sunshine Mint coins
Price
Buying gold and silver bullion is the least expensive way to get your metals. Other choices, such as exchange-traded funds (ETFs) or numismatic coins, have fees that can add up.
Convenience
When you buy bullion, you don't have to spend time researching the symbols, market, or trends. You also don't have to worry about intra-day price fluctuations.
Investing
Buying bullion allows you to buy gold or silver as a long-term investment. The metals are tangible and can be liquidated if necessary.
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Competition: Augusta Precious Metals
Like its competitors, Augusta Precious Metals, Inc. (AUGM) is a precious metals bullion dealer based in New York City. The company's customers range from individual investors to corporate entities,nanily in Europe and Asia. The company offers 16 different precious metals, ranging from gold to platinum. Gold bullion products are sold in 1 gram bars, 5 gram bars, 10 gram bars, 1 kilo bars, and 1 ounce bars. The company operates 15 physical locations in 15 countries, including China, Hong Kong, India, Singapore, Switzerland, and the United Kingdom.
