Augusta Precious Metals vs Regal Assets : Comparison
If you’re considering a gold IRA, you know that the choice between Augusta Precious Metals vs Regal Assets is not to be taken lightly. Our comprehensive comparison cuts through the noise to deliver a straightforward analysis of both companies, focusing on their credibility, services, investment options, and customer feedback. Get clarity on which company might suit your retirement investment plans better, without the fluff.
Key Takeaways
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Augusta Precious Metals is known for its personalized customer service, transparent pricing with a 5% markup, and strong industry reputation, while Regal Assets offers a wider range of investment options including cryptocurrencies and charges lower minimum investment and fee rates.
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Both companies have A+ ratings from the Better Business Bureau, but Regal Assets has faced recent criticism due to allegations of fraud and its current offline status, leading to challenges in customer service availability.
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Each company emphasizes secure storage options with IRS-approved facilities, and they provide a variety of educational resources to support investors in making informed decisions about precious metals investments.
Comparing Augusta Precious Metals and Regal Assets
The realm of precious metals and Gold IRAs might seem complex to many. Hence, partnering with a reliable gold IRA company for guidance is significant. Two such companies, Augusta Precious Metals and Regal Assets, have a proven track record in the precious metals industry. But how do they compare? Let’s explore.
Augusta Precious Metals has earned a reputation for strong industry ratings and positive customer feedback, with a focus on lifetime account service satisfaction. Contrarily, Regal Assets, while having a reputable standing, is currently offline, which could impact investors’ access to their representatives. In terms of investment options, Regal Assets stands out by offering investors the opportunity to include cryptocurrencies and other precious metals in their IRA.
When looking at IRA services, we find some differences. Here are the key features of each:
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Regal Assets offers a buyback program without any fee.
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Augusta Precious Metals levies a charge for their buyback program, but they provide a top-tier buyback guarantee for gold and silver bullion.
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Augusta Precious Metals also stands out with its transparent pricing, offering a 5% markup on market value for precious metal investments.
Company Backgrounds
Founded by Isaac Nuriani, Augusta Precious Metals is a respected Gold IRA company with a decade-long presence in the industry. With an A+ rating from the Better Business Bureau, the company is a trusted name in the precious metals industry, offering expertise in gold, silver, and platinum IRAs. Nuriani’s vision was to empower individuals to assert control and diversify their savings through IRA investments in gold and silver, positioning Augusta as one of the leading gold IRA companies, alongside competitors like Birch Gold Group and Noble Gold.
Regal Assets, on the other hand, has over 10 years of industry experience, specializing in gold and silver investments as well as other alternative assets. The company was initiated by Tyler Gallagher and brought forth a unique proposal – an Alternative Assets IRA that permits investment in both precious metals and digital assets. Like Augusta, Regal Assets also holds an A+ rating from the Better Business Bureau.
Comparing the backgrounds of these two companies clearly indicates their commitment to provide a diverse array of investment options and to ensure customer satisfaction. However, their unique propositions and different focus areas make them suitable for different types of investors.
Investment Options
Choosing a gold IRA company largely depends on the investment options. Augusta Precious Metals offers investment options in gold, silver, and platinum coins and bars, catering to the needs of traditional precious metal investors. For those seeking more diversity in their portfolio, Regal Assets provides a wider range of investment opportunities, allowing investors to include not only gold, silver, and platinum but also numismatic collectible coins in their precious metals ira.
While deciding between gold bullion and gold coins, investors must take into account the tradeability and premiums of these options. Gold coins, such as sovereign coins, are typically more readily tradable and often command higher premiums compared to gold bullion bars. Conversely, smaller gold bullion bars, such as one-ounce bars, may pose challenges in terms of selling and may come with higher markups.
This comparison of investment options shows that both companies offer various precious metal investments. However, Regal Assets’ inclusion of numismatic collectible coins and Augusta Precious Metals’ focus on traditional precious metals make each company more attractive to different types of investors.
IRA Services
In the context of gold IRA services, both companies provide the option to initiate a rollover from other IRA accounts, 401(k) plans, and 403(b) plans. Augusta streamlines the process by managing 95% of the paperwork, while Regal Assets can execute a traditional IRA rollover within a few days.
Setting up a precious metal IRA with Regal Assets is also made easier with a comprehensive guide that outlines the process for setting up the account. Similarly, Augusta Precious Metals offers a streamlined IRA account setup process with a dedicated customer service team that manages most of the associated paperwork.
Regal Assets distinguishes itself by allowing the establishment of a precious metal IRA without the need for a traditional IRA rollover, offering flexibility to investors. These services highlight the companies’ commitment to simplifying the IRA process for their customers.
Fees and Minimum Investments
Transparency in fees and minimum investments is another significant factor to consider while choosing a gold IRA company. Regal Assets requires individuals to meet a minimum requirement of $5,000 for cash buyers and $10,000 for an IRA investment, while Augusta Precious Metals sets a higher minimum investment of $50,000 for their Gold IRA services. Regal Assets imposes a yearly administration fee of $100 and a yearly storage fee of $150 for precious metals. On the other hand, Augusta Precious Metals charges a one-time setup fee of $50 for a gold IRA account.
Despite these charges, Augusta Precious Metals differentiates itself with its transparent pricing, providing customers with a 5% markup on market value for their precious metal investments. This transparency empowers investors to make well-informed decisions without worrying about hidden costs, which is a significant advantage in the precious metals investment landscape.
Customer Reviews and Ratings
Customer reviews and ratings can offer insightful information regarding a company’s reliability and the quality of customer service. When it comes to customer satisfaction, Augusta Precious Metals outshines Regal Assets. This is due to Regal Assets’ offline status and unavailability of representatives for contact, which has resulted in it no longer being recommended. On Google, Regal Assets has an average customer rating of 2.65/5 stars based on 20 customer reviews.
On the other hand, Augusta Precious Metals does not have any widespread negative feedback in customer reviews. This lack of criticism reflects positively on Augusta Precious Metals’ commitment to customer satisfaction and their continuous efforts to provide excellent services.
This comparison of customer reviews and ratings paints a clear picture of each company’s commitment to ensuring customer satisfaction. It also provides potential investors with valuable insights into what they can expect from each company in terms of customer service and support.
Augusta Precious Metals Reviews
A review of Augusta Precious Metals’ customer feedback clearly shows that the company has built a strong reputation for its client service. There are no prevalent criticisms identified, and clientele frequently express satisfaction with the comprehensive purchasing process, ongoing support, and generally favorable customer service encounters.
This positive feedback reflects Augusta Precious Metals’ commitment to providing a high level of customer service and ensuring that clients have a smooth and satisfactory experience. It highlights the company’s dedication to serving their customers and providing a robust and convenient platform for precious metals investment.
However, potential investors should bear in mind that Augusta Precious Metals has a high minimum order requirement of $50,000 for new customers and does not offer online purchasing options. This necessitates investors to contact the company for full pricing details and to complete transactions.
Regal Assets Reviews
Contrarily, Regal Assets has an aggregate customer satisfaction rating of 4.8 stars, based on 1,821 reviews. However, there have been numerous complaints from customers alleging that the company is fraudulent and has failed to fulfill its obligations after receiving payment.
Despite having an impressive aggregate customer satisfaction rating, these allegations are alarming, and potential investors should take them into account when evaluating Regal Assets. It’s always important to consider both the positive and negative aspects of a company’s customer reviews when making an investment decision.
Moreover, potential investors should note that Regal Assets’ investment packages might be seen as somewhat costly compared to other market options, starting at $5,000. This, along with their current offline status and unavailable representatives, may pose challenges for investors considering Regal Assets for their precious metals investments.
Storage and Security
When investing in physical gold, it’s important to comprehend the storage requirements and constraints. According to the IRS, physical gold in a gold IRA must be stored at an IRS-approved facility, such as a bank, an approved third party, or another type of depository.
Limitations also exist on where investors can store their gold. Storing gold in a safety deposit box or home safe is not allowed. Considering these requirements and restrictions, it’s vital to evaluate the storage and security options provided by each company for your precious metals investments.
Selecting a secure storage facility for gold investments is a necessity to safeguard and ensure compliance with the gold IRA. This is why both Augusta Precious Metals and Regal Assets place a strong emphasis on storage and security.
Augusta Precious Metals Storage
Augusta Precious Metals offers a variety of IRS-approved vaults for storage, guaranteeing high security and comprehensive insurance coverage for the value of your account. These vaults are located in 12 depositories across 10 states, including prominent locations such as Bridgewater, Massachusetts, Salt Lake City, Utah, and Los Angeles, California.
The storage facilities are equipped with advanced security measures, such as a secure vault managed by a highly vetted and experienced staff of custodians, and a robust and thoroughly tested computer network to ensure the safety of investors’ assets.
Additionally, the assets stored at Augusta Precious Metals depositories are fully insured against covered losses by the depository storage facility. This focus on security and protection of assets instills confidence in investors and reiterates Augusta Precious Metals’ commitment to ensuring a safe and secure investment environment.
Regal Assets Storage
Regal Assets also prioritizes the security of its gold IRA storage facilities. The company provides allocated storage for each client’s gold and partners with storage facilities worldwide known for excellent security measures.
Regal Assets provides segregated storage for gold IRA investments, ensuring that client assets are stored separately. This is a critical feature that provides investors with peace of mind, knowing that their assets are securely stored and easily identifiable.
Furthermore, the process of transferring precious metals to Regal Assets’ storage facilities is characterized by efficient processing and fund transfer. The company assumes responsibility for the transportation until the metals are securely housed in the storage facility. Regal Assets imposes an annual storage fee of $190 for gold IRA investments.
Educational Resources and Support
Both Augusta Precious Metals and Regal Assets acknowledge the significance of investor education and offer a plethora of educational resources and support. Augusta Precious Metals provides a variety of resources, including guides and webinars, to help investors grasp the intricacies of the economy and the importance of precious metals in their investment portfolio.
For beginner investors, Augusta Precious Metals simplifies economics by providing comprehensive educational resources and ensuring support throughout the investment journey. This enables investors to make well-informed decisions regarding precious metals investments.
Investors who have started investing with Augusta Precious Metals can expect ongoing support. This includes access to a customer success agent for addressing queries and assistance from professional purchasing representatives during gold and silver purchases.
Augusta Precious Metals Education and Support
Augusta Precious Metals provides personalized help through one-to-one educational sessions, including:
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Video calls with their Harvard-educated Director of Education, Devlyn Steele
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Exploring the significance of precious metals, IRAs, and the economic landscape
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Participating in a Q&A session
Regarding webinars and information sessions, Augusta Precious Metals regularly organizes free web conferences attended by thousands of Americans. These sessions offer valuable insights into diversifying savings and the significance of precious metals in investment portfolios.
Augusta Precious Metals provides a diverse range of online resources aimed at educating investors. These resources include:
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Simplified economics materials
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Guides for establishing a gold IRA
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Information on different precious metals for investment
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Continuous support through educational videos and newsletters.
Regal Assets Education and Support
Regal Assets provides a wide assortment of educational resources, including articles, videos, and webinars. Additionally, they provide a complimentary investors kit for individuals seeking to expand their knowledge on precious metals investments.
For new investors, Regal Assets provides support through:
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Guides
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Webinars
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Articles
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Videos
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Podcasts
These resources are specifically designed for beginners. They also provide a range of educational resources including webinars, articles, videos, and podcasts that are specifically tailored to investments in precious metals such as gold, silver, platinum, and palladium.
Regal Assets aids investors in comprehending the risks and potential returns associated with various investment options by offering a free investors kit and a multitude of educational resources.
Pros and Cons
Like any investment opportunity, investing with Augusta Precious Metals and Regal Assets comes with its own advantages and disadvantages. For Augusta Precious Metals, advantages include competitive price-matching, the industry’s best buyback program, exceptional customer support, and a wide range of precious metals available. Regal Assets, on the other hand, provides a unique range of physical precious metals, appealing to investors seeking tangible assets.
However, potential limitations linked with Augusta Precious Metals include the lack of an electronic trading platform, a high minimum investment requirement of $50,000, and limited services for clients located outside the United States. Regal Assets also has its fair share of drawbacks, including a concentration solely on physical precious metals, potentially restricting investment diversification, a lower rating from the Better Business Bureau, and multiple complaints.
Considering these pros and cons can assist investors in making a decision about which company best aligns with their investment goals and preferences.
Augusta Precious Metals Pros and Cons
Investing with Augusta Precious Metals brings a host of benefits, including:
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Excellent customer service
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Transparent fee structure
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Varied selection of gold IRAs
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Personalized customer-centric approach
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Option to purchase precious metals for individual investment
However, potential investors should be aware that Augusta Precious Metals:
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Does not include platinum or palladium in their product line
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Sets a high minimum order requirement of $50,000 for new customers
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Lacks online purchasing options.
Despite these constraints, the overall customer satisfaction and positive reviews suggest that Augusta Precious Metals is a reliable and trustworthy option for investors seeking to diversify their portfolios with precious metals.
Regal Assets Pros and Cons
Investing with Regal Assets also has its own set of benefits and drawbacks. On the upside, Regal Assets offers a unique range of physical precious metals and provides outstanding customer service.
However, there are several potential downsides to consider:
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Regal Assets concentrates solely on physical precious metals, potentially limiting investment diversification.
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The company has also garnered a subpar rating from the Better Business Bureau.
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Regal Assets has faced allegations of fund loss.
Moreover, Regal Assets’ investment packages may seem quite pricey compared to other market options, beginning at $5,000. These potential concerns should be taken into account when considering investing with Regal Assets.
Summary
In summary, both Augusta Precious Metals and Regal Assets offer a variety of services, products, and support for investors interested in precious metals investments. Augusta Precious Metals stands out for its customer service, diverse investment options, and transparent pricing, while Regal Assets distinguishes itself with a unique range of physical precious metals and the inclusion of cryptocurrencies in their IRAs.
However, potential investors should consider the high minimum investment requirement for Augusta Precious Metals and the offline status of Regal Assets. It is essential to weigh the pros and cons, consider customer feedback, and evaluate the services, security measures, and educational resources of each company before making a decision.
In the end, the best gold IRA company will depend on your individual needs, investment goals, and risk tolerance. Whether you choose Augusta Precious Metals or Regal Assets, it is crucial to conduct thorough research and consider all the factors discussed in this comparison.
Frequently Asked Questions
Who is the best gold IRA company?
The best gold IRA company is Augusta Precious Metals, known for prioritizing client education and transparency.
Is Augusta gold legit?
Yes, Augusta gold is considered legit due to their A+ rating from the BBB, signifying exceptional customer service and ethical business practices.
What is the minimum investment at Augusta Precious Metals?
The minimum investment at Augusta Precious Metals is $50,000 for both cash and IRA purchases. This amount is tailored for individuals with substantial savings looking to invest in gold or silver IRAs.
What are the investment options offered by Augusta Precious Metals and Regal Assets?
Both Augusta Precious Metals and Regal Assets offer investment options in gold, silver, and platinum, with Regal Assets also providing opportunities in numismatic collectible coins. Consider your investment goals and options carefully before making a decision.
What are the storage options provided by Augusta Precious Metals and Regal Assets?
Both Augusta Precious Metals and Regal Assets offer segregated storage for gold IRA investments, with Augusta providing IRS-approved vaults for storage. Consider these options for secure and compliant storage of your precious metals.
