Want to invest in precious metal IRA but don’t know which to choose between Augusta Precious Metals and Regal Assets?
No worries! I’m here to help you. In this Augusta Precious Metals vs Regal Assets comparison guide, we will explore both precious metal companies.
The aim is to guide you to make an informed decision as to which is the best to invest your hard-earned money and protect your wealth against economic downturns.
What is Augusta Precious Metals?
Augusta Precious Metals is one of the top-rated Precious Metal companies in America and around the world. Its services support and guide you towards opening a gold, silver, or platinum IRA. As a company that has AAA rating from the Better Business Bureau, it has dedicated Gold IRA experts that will educate, and guide you on the best precious metal IRA to secure your wealth against global economic shocks.
Isaac Nuriani founded Augusta Precious Metal after many years of helping America’s seniors to make the best financial decisions. His aim is to ensure that Americans tap into the huge investment opportunity in the precious metal industry.
This has earned him membership of the Industry Council For Tangible Asset (ICTA). Augusta Precious Metal has successfully helped thousands of Americans and North Americans move their traditional IRAs to Gold, Silver, Platinum, and Bullion Coin IRAs.
What is Regal Assets?
Regal Assets is another Precious Metal IRA company that is well known in America and around the world. Apart from providing services that help you invest in Gold and Silver, Regal Assets also offers services in Cryptocurrency metals. This is an edge it has over Augusta Precious Metals. Its services have earned it several recognitions, including 2022 official member of Inc 500, and 2022 official member of Forbes Financial Council.
Tyler Gallagher, a young entrepreneur, and investor, founded this company.
His aim is to remove all bottlenecks investors who want to diversify their investment portfolio into precious metals face. Another is to educate and equip retirees who want to move their traditional IRAs to Gold IRA with all the information they need to make the best decision.
Augusta Precious Metals
Services:
Open Gold, Silver & other Precious Metal IRA, Rollover your 401(k) or retirement account to precious metal IRA, has Buyback Program
Customer service:
A precious metal financial expert is available to guide you all through. An online agent is available to assist you 24/7
Fees:
$230/year for set up, custodian, and insurance
Ratings:
AAA Rating from BBB, 5-star rating from Consumer Affairs, member of Ethics.net, top-rated on Google my Business, Trustlink, etc
Minimum Investment:
$50,000
Regal Assets
Services:
Open Gold, Silver & other Precious Metal IRA, Rollover your 401(k) or retirement account to precious metal IRA including cryptocurrencies. Has Buyback Program
Customer service:
A precious metal financial expert is available to guide you all through. An online agent is available to assist you 24/7
Fees:
$250/year for set up, custodian, and insurance
Ratings:
Top-rated on Google my Business, 5-star ratings on Birdeye from 1800+ reviews. Member of Forbes Financial Council and made it to 2022 Inc 500
Minimum Investment:
$5,000
Pros and Cons
Let’s look at the upsides and downsides of Augusta Precious Metals and Regal Assets. This is for you to compare and decide which appeals to you.
Pros of Augusta Precious Metals
Cons of Augusta Precious Metals
Pros of Regal Assets
Cons of Regal Assets
Augusta Precious Metal Services
Augusta Precious Metals offer the following services:
IRA Rollover
They work with your custodian to rollover your traditional IRA, be it 401(k) or any other IRA, to precious metal IRA. An investment expert upon confirming your interest to open a precious metal IRA with Augusta Precious Metal will contact the custodian of your normal IRA and ensure that your account is moved so that you can invest in precious metal of your choice.
If you don’t have a traditional IRA but want to open a precious metal IRA, Augusta Precious Metals has experts that will help you open as many as you want and guide you on how to fund it.
The screenshot below is the simple step to open your Augusta Precious Metals IRA:
Gold, Silver, and Platinum IRA
Augusta Precious Metals will help you buy gold, silver, and platinum that meet their IRA requirement. After guiding you to open and fund your IRA account, they will also help you purchase precious metals.
It doesn’t end at that. They will also protect, insure and store your precious metals by depositing it in the Delaware Depository.
Regal Assets Services
Regal Assets offer the following services:
Traditional IRA Rollover
Just like Augusta Precious Metal, Regal Assets works with your custodian to rollover your traditional IRA to a precious metal IRA. From my research, they can get this done in a few days, so you can get started with precious metal investment. They can also open a precious metal IRA, even if you don’t have a traditional IRA to rollover.
The screenshot below is the simple step to open your Regal Assets IRA:
Gold, Silver, Platinum IRA
Once you open a precious metal IRA, they will assist you to purchase gold, silver, and platinum of your choice.
They also insure and store these metals to guarantee maximum protection of your assets with them.
Even if you don’t want them to store your metal for you, they can ship it directly to your location within 7 days of purchase if you are in the United States. That means you won’t pay storage fees.
An interesting thing I found about them is that they will send you a free Silver American Eagle coin if they miss the deadline of shipping your metal to your location. That way of compensating you for the inconvenience caused.
Cryptocurrency IRA
Cryptocurrency is a goldmine when it comes to investment. And Regal Assets offers services that allow you to buy different cryptocurrencies.
You can hold different cryptocurrency IRA with them. My recent research shows that they have the highest selection of cryptocurrency options for investment.
Below are the top 10 cryptocurrencies you can invest in with Regal Assets:
- Ethereum
- Ethereum Classic
- Bitcoin
- Bitcoin cash
- Litecoin
- Ripple
- Stellar
- ZCash
- Litecoin
- Dogecoin
This is an advantage it has over Augusta Precious Metals if you are looking for a precious metal company with options for Crypto.
Winner: Regal Assets
It offers cryptocurrency IRA apart from Gold, Silver, Platinum IRAs.
Buyback program
Regal Assets gives you the opportunity to sell the precious metal you bought through them back to them at a competitive price. You don’t have anything to lose if you decide not to hold your precious metals again. Its buyback program is similar to that of Goldco.
Interestingly, Regal Assets doesn’t charge you any fee for this. They buy from you at the current price of the precious metal based on its worth in the trading market.
They also can adjust the price if you fail to deposit the precious metal at their vault within 24 business hours. Payments are made immediately after the company confirms that you have deposited the precious metal in their vault.
Augusta Precious Metals also has a buyback program that allows you to withdraw your Required Minimum Distribution(RMD) or liquidate your IRA.
However, it is not interesting like that of Regal Assets. While you are at liberty to source for a buyer yourself, they can help you sell off your precious metal at a competitive price but will charge you a fee.
Winner: Regal Assets
It doesn’t charge you a fee for selling your precious metal back to them.
Augusta Precious Metals vs Regal Assets: Fees
Let’s look at the fees both precious metal companies charge.
Set Up, Custodian and Storage
Augusta Precious Metals charges $50, $80, and $100 respectively as set up, custodian, and storage fees. It covers these fees for the first year of you investing in a precious metal IRA with them.
Depending on how much you invested with them, they can cover your storage and custodian fees for 3 or 4 years. It’s worth mentioning that Augusta Precious Metals doesn’t charge you for shipping the precious metals you purchased from them to your location in the United States.
Regal Assets charges $215 as set up, storage, and custodian fees annually.
Here is the breakdown:
$125 – Segregated vault storage
$90 – Annual custodian fee paid to CNB custody, which is their official IRA custodian
But these fees will take effect from the second year of you having a Regal IRA.
However, if you are buying precious metals and cryptocurrencies with your Regal IRA, the $125 annual vault storage fee is the same while the custodian goes up to $240 per year including 0.005% of your entire account holding.
So the arithmetic is simple, the higher the investment you make, the higher you pay as custodian fees.
So if you are an investor that plans to hold precious metals and cryptocurrencies in your alternative assets IRA, your annual fees are $360+.
No winner: Both companies charge set up, custodian, and storage fees based on the level of investment you make.
Minimum Investment Fees
The minimum amount you need to invest in precious metals with Augusta Precious Metals is $50,000 while that of Regal Assets is $5000. So if you’re an investor with little money, Augusta Precious Metals isn’t for you.
Winner: Regal Assets
Regal Assets allows you to invest in precious metals with $5,000. The $50,000 which is the minimum investment fee on Augusta Precious Metals may be high for low-budget investors.
Customer Service
Augusta Precious Metals has an online agent who is available to assist you 24/7 when you visit their website. As a potential investor, you can speak with them on the phone by dialing – 800-700-1008(6am – 5 pm PST).
When you visit their Contact Us page, there is also a contact form that you can use to send a message. They have their main office as – Augusta Precious Metals, 5830 East 2nd Street, Casper, WY, US 82609.
Regal Assets also has an online agent that is ready to assist you 24/7. On the homepage, you will see a call-to-action button asking you to chat with an expert. There is a phone number which you can call (18779621133) for assistance.
On their Contact Us page which is at the bottom of the homepage, you can see their operating hours, and various offices in the United States, United Kingdom, Canada, and United Arab Emirates. So you can work in any of these offices and make more inquiries or get issues resolved.
Winner: Regal Assets
Regal Assets has more offices, especially outside the United States, unlike Augusta Precious Metals, which has only one head office in the United States.
Ratings & Reviews
Ratings and reviews of these companies by verified customers and trusted organizations that vet brands show that they are reliable and trustworthy. You have peace of mind that you are dealing with legit companies.
Augusta Precious Metal has AAA rating from Better Business Bureau. The founder, Isaac Nuriani is a member of the Industry Council For Tangible Asset (ICTA).
It has a 5-star rating from Consumer Affairs based on 53 verified investors, a 4.97 rating from 100 reviews on Better Business Bureau, 5.0 rating on Trustpilot based on 273 reviews.
It also has a 4.9 rating from 221 reviews on Google My Business.
Regal Assets has AAA rating from Business Consumer Alliance, BCA. 5-star ratings on Birdeye from 1800+ reviews. It’s a member of Forbes Financial Council and made it to 2022 Inc 500.
Winner: Augusta Precious Metals
It has more ratings from key players in the investment industry. Its AAA rating from the Better Business Bureau is a big plus. Unfortunately, Regal Assets hasn’t earned this rating from BBB, although they are working towards it.
Summary of Augusta Precious Metals vs Regal Assets
Now you know how Augusta Precious Metals compares against Regal Assets, especially their services, the minimum amount for investment, and the fees they charge, it’s up to you to decide where to put your money.
The key takeaway is that Augusta Precious Metals is rated higher than Regal Assets, but its minimum investment fee is $50,000. Also, it’s yet to offer cryptocurrencies IRA.
Regal Assets has a minimum investment fee of $5000 and offers cryptocurrencies IRA, but it is yet to earn the Better Business Bureau rating which some informed investors are after.
Recommend Reading: Check out this article where I compared Augusta Precious Metals to Goldco.
