In recent times, it could be that you have heard of this Augusta Precious Metals Lawsuit going on, maybe from a blog post online or somebody mentioned it in real life. And looking at how well the company has been performing, it might have been a shock to you at first to hear about such a case, right? But the findings suggest others, not the shocking aspect of there being a case against Augusta Precious Metals, but the fact that there is no legal and ongoing case against them but it still became an internet buzz. Let’s talk about it for a sec.
Who Is Augusta Precious Metals, Anyway?
Before we get to the case details, just know that the company Augusta Precious Metals was founded in 2012, and the organization is led by Isaac Nuriani of Wyoming. The overall idea here is to just provide people with some safeguarding thing or barrier for their retirement funds through gold or silver IRAs. Which, no doubt, looks super good on paper. This is a simple concept: Just convert a part of your traditional IRA into precious metals. By doing so, your investment portfolio is less affected if the stock market goes down.
And just in case you’re wondering why they became so famous very quickly, see, it is because of their focus on educating you rather than driving sales. The one-on-one connection with the company also gives that unique touch, like you can quite literally have a chat with an expert Devlyn Steele, who is a Harvard economics graduate. He breaks down concepts like taxes and the way gold is an alternative when currency loses value. They don’t hide expenses or put pressure on you to make a decision. Moreover, you are assisted by their team for however long you need it, which is super helpful too.
Because of all these reasons, no doubt, between 2022 and 2025, they will be recognized with awards regularly. Money Magazine has named them the top gold IRA company for three consecutive years. So yes, when there is a lawsuit going on with their name in it, no doubt, it has to grab your attention if it matters to you.
What’s The Deal With This Lawsuit Talk?
See, you may be expecting us to talk about the actual lawsuit here, but in reality, we can’t lie, and the truth is that there is no such lawsuit right now against Augusta Precious Metals. Plain and simple! Mid-2024 court checks have revealed no active or pending cases whatsoever.
But the thing is, yes, it is true that there were two cases in the distant past. No deals were made, no payments were issued, and no bad marks were left as both got dismissed, you know, essentially, these were just customer complaints that turned into court cases, were examined by the judges, and ended there. Nothing really stuck.
Why Do People Still Trust Augusta?
Purchasing gold can be somewhat difficult if you have done it before. You might come across hidden fees, large markups, and salespersons who chatter quickly, right? But the thing is, Augusta did the complete opposite, which was the fact that they disclose everything to customers right from the beginning.
Not a single doubt in the fact that price transparency is their main point. You are aware of the expenses even before you make your decision. Also, if a customer shows a competing quote, Augusta will not only match the price but will also waive the installation fees for a couple of years. So what is there for you not to trust this company/brand?
And we must say out loud that their biggest attraction to people is honesty. In this niche, in actuality, this is the reason why those two outdated cases hardly affected them.
