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    Just bought some silver eagles through Augusta! Thoughts?

    S
    Key Takeaways
    • Well, I finally did it!
    • We’re farmers here outside Kansas City, and honestly, the whole stock market just feels like betting on the weather sometimes.
    • I’d much rather have something I can actually hold , you know?
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    Well, I finally did it! After months of hemming and hawing and listening to my husband talk my ear off about precious metals, I pulled the trigger and opened a Gold IRA with Augusta Precious Metals. We’re farmers here outside Kansas City, and honestly, the whole stock market just feels like betting on the weather sometimes. I’d much rather have something I can actually hold, you know? Something real.

    My initial investment was around $60,000, and I decided to split it between gold and silver. For the silver portion, I went with a good chunk of American Silver Eagles. They just arrived at the depository (I chose Delaware Depository because it felt like a good, solid option), and I'm feeling a mix of relief and excitement. The process with Augusta was surprisingly smooth. Our rep, Sarah, was incredibly patient with all my questions – and believe me, as a farmer’s wife, I had a LOT of questions about everything from storage fees to market fluctuations. She didn't push us at all, which I really appreciated. No high-pressure sales tactics, just straight answers.

    I know silver can be more volatile than gold, but I like the idea of having smaller, more divisible assets in case things really go south. Plus, those Eagles are just beautiful to look at, even if I can't actually hold them in my hand right now! I'm hoping this is a good way to diversify our retirement savings and protect against inflation, especially with all the talk about the economy these days. What are everyone else's thoughts on Silver Eagles as an IRA asset?

    Anyone else here in the Midwest investing in physical silver through an IRA? What's been your experience with Augusta or other companies? Just curious to hear other perspectives!

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    31 comments

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    Best Answer▲ 19 upvotes
    R
    ruth_perez📊Growing (50-100k)
    Nice! Always good to see more folks getting into precious metals. I actually did a 401k rollover into a gold IRA a few years back, and it's been one of the smartest moves for my retirement savings. The tax advantages were a big selling point for me here in Albuquerque, especially with my portfolio hovering around the $75k mark in gold.

    Comments (31)

    4
    ashley_baker💼Starter (0-50k)✓ Verifiedabout 1 month ago

    Congrats on pulling the trigger! That's awesome. I had a really similar experience with Augusta a few months back – felt like a big step but honestly, their process was super smooth and my rep walked me through everything. It's definitely a different feeling than watching the daily market swings, especially when you're used to more tangible assets like you said. Glad it went well for you!

    6
    ronald_morris👑Elite (1m-5m)Real Investorabout 1 month ago

    Nice! Always good to hear when people take the plunge. Sounds like a smart move, especially with the farming background and all the market uncertainty. Quick question - did you go with the Silver Eagles specifically because Augusta recommended them, or did you have your eye on those particular coins already?

    2
    frank_rivera💎Premium (500k-1m)Real Investorabout 1 month ago

    That's awesome you're getting into precious metals! Augusta is a solid choice for a Gold IRA, definitely one of the more reputable names out there.

    My only thought, and this is just food for thought for down the line, is that while ASEs are great for their liquidity and recognition, you might want to look into other types of silver for pure stacking value if you're thinking long-term and not just IRA minimums. Premiums on Eagles can sometimes eat into your gains a fair bit compared to generic rounds or even some foreign mint coins. But hey, for now, you've got some beautiful, tangible wealth!

    5
    christopher_young🌟Ultra (5m+)Real Investor✓ Verifiedabout 1 month ago

    Great move. I diversified my precious metals holdings significantly after the 2008 crash, focusing heavily on physical gold, but silver has its place too. In 2020, I converted about $750k of my SEP IRA into a Gold IRA with Augusta and picked up a good chunk of Eagles and Maples. Always good to have tangible assets when the market gets squirrely.

    5
    william_davis💎Premium (500k-1m)Real Investorabout 1 month ago

    Nice! Augusta was my first entry point into the precious metals game back in '08, right when the financial world felt like it was teetering on a cliff. I remember watching my 401k crater, losing nearly 30% of its value in a few brutal months, and Augusta's pitch for a Gold IRA just... resonated. It was a gut feeling, a need to put *some* of my hard-earned capital into something tangible, something that couldn't be printed into oblivion. Best decision I made that year, even with the market eventually recovering; having that physical hedge, knowing a significant portion of my wealth wasn't just numbers on a screen, provided a level of peace of mind during those uncertain times that was truly invaluable.

    5
    brian_edwards🌟Ultra (5m+)Real Investor✓ Verifiedabout 1 month ago

    Good for you on getting started. Personally, I shifted out of silver a few years back, even sold off the Eagles I’d bought in '16. The storage became a hassle for the volume I was holding, and honestly, the spread on physical silver still feels a bit too chunky for my comfort compared to gold. Just my two cents, but it might be worth considering your long-term storage and liquidity plans down the road.

    9
    mark_adams👑Elite (1m-5m)Real Investorabout 1 month ago

    Congrats on the Eagles, always a solid play. I've personally leaned more into the gold side of things with Augusta, particularly during these last few years. Locked in a significant portion of my portfolio back in '21, mainly with some beautiful pre-1933 St. Gaudens, and it's been a comforting hedge against the volatility we've seen since.

    13
    nancy_hall💰Established (100-250k)Real Investorabout 1 month ago

    Nice! I'm still feeling like a newbie myself, just started my Gold IRA with American Hartford Gold a few months back. I put about $150k in, mostly American Gold Eagles and some Gold Buffalos, but I've been wondering if I should diversify with some silver too. Augusta is one of the places I looked at originally, how was their process for you?

    0
    james_wilson👑Elite (1m-5m)Real Investor✓ Verifiedabout 1 month ago

    That's great you're diversifying with physical! I'm curious, did you weigh the premium on those Eagles against other options? When I dipped my toes into precious metals a few years back, I went with Gold American Eagles directly into a Gold IRA. While I see the appeal of silver for some, the storage costs and lower value-to-weight ratio for a significant portion of a 1m+ portfolio just didn't make as much sense for my situation here in NYC.

    8
    joyce_cooper📊Growing (50-100k)✓ Verifiedabout 1 month ago

    @Christopher Young - You hit the nail on the head. 2008 was a real eye-opener for a lot of us, myself included. I remember sitting here in Little Rock watching my 401k take a nosedive and realizing I needed a tangible hedge. That's when I started seriously looking into a Gold IRA, eventually rolling over about $70k from my old employer's plan into physical gold and some silver. It’s been a cornerstone of my portfolio ever since, especially through the volatility of the last few years.

    7
    timothy_reed💎Premium (500k-1m)Real Investorabout 1 month ago

    @Nancy Hall - That's fantastic you're getting started! American Hartford Gold has a decent reputation, and those are certainly popular choices. I'm curious, though, how much research you did into the premium charged for those specific coins compared to, say, some of the less "collectible" gold bullion options? Personally, with a $150k allocation, I’d be scrutinizing every basis point on premiums and storage costs, aiming to maximize my actual gold weight rather than paying extra for fractional numismatic appeal, especially when the primary goal for most Gold IRA investors is long-term inflation protection and portfolio diversification. Have you considered any of the larger, lower-premium gold bars at all?

    4
    elizabeth_johnson💰Established (100-250k)Real Investor✓ Verifiedabout 1 month ago

    Awesome to hear, congrats on getting into physical! I'm a fellow Georgian (Atlanta here) and went with a Gold IRA a few years back for a similar portfolio size ($200k). Seeing everyone's excitement about precious metals always reinforces my decision. Thanks for sharing your experience with Augusta!

    11
    susan_clark💰Established (100-250k)Real Investorabout 1 month ago

    Awesome to hear about your experience with Augusta! Their transparency is really top-notch. I went with them myself for my Gold IRA back in '21, setting up with about $150k, and the whole process was smoother than I expected for something so significant. This thread has been a great reminder of why I chose them.

    3
    joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verifiedabout 1 month ago

    @William Davis - Man, you just hit a nerve with that '08 comment. I was still green then, fresh out of college, thinking I was hot stuff with my first "real" job and a little 401k cooking. To see it just... *evaporate* like that? Heartbreaking. I remember sitting at my kitchen table in Birmingham, staring at those quarterly statements, feeling this knot in my stomach. It wasn’t about losing a fancy car or anything, it was about feeling like my future, the one I'd just started building, was being ripped away. That’s what pushed me to Augusta in 2010. Never looked back. It gave me a tangible sense of control in a world that felt utterly out of control.

    12
    betty_king📊Growing (50-100k)about 1 month ago

    @Mark Adams - Eagles are definitely a classic for a reason, good call. I started dabbling in metals back in '08 after the crash really opened my eyes to how quickly things can shift. I was living in Raleigh then, still am, and remember scooping up some Eagles when they were a fraction of what they are now. My portfolio is probably in a similar range to yours, and I've always found having that 10-15% in physical, tangible assets provides a peace of mind that paper can't. Augusta is a solid choice, too. I've heard good things about their service from others in the local Raleigh investing groups.

    19
    ruth_perez📊Growing (50-100k)about 1 month ago

    Nice! Always good to see more folks getting into precious metals. I actually did a 401k rollover into a gold IRA a few years back, and it's been one of the smartest moves for my retirement savings. The tax advantages were a big selling point for me here in Albuquerque, especially with my portfolio hovering around the $75k mark in gold.

    7
    michael_anderson🏆Advanced (250-500k)Real Investorabout 1 month ago

    That's fantastic news! I actually went with Augusta for my Gold IRA conversion last year, moving about $300k of my retirement savings into physical gold, and the process was incredibly smooth. Hearing you had a positive experience with their silver offerings just reinforces my decision to trust them with my precious metals.

    18
    ronald_morris👑Elite (1m-5m)Real Investorabout 1 month ago

    @Joshua Phillips - Man, I feel that '08 comment in my soul, even though I wasn't even in the market then. My '17-'18 experience was my version of that, watching some of my tech stocks just *tank* after I thought I was getting smart. That's actually a huge part of why I just opened my first Gold IRA last month. I'm based out of Virginia Beach and honestly, I'm still learning the ropes, but the stability is a huge draw for me after seeing those dips. You mentioned seeing your 401k cook — are you still doing a regular 401k alongside a Gold IRA, or did you pivot completely after 2008? I'm trying to figure out the right balance.

    10
    donald_nelson💎Premium (500k-1m)Real Investor✓ Verifiedabout 1 month ago

    @Susan Clark YES! This is exactly what I tell everyone who asks me about my Gold IRA experience. Augusta's transparency is a game-changer. I rolled over a good chunk of my old 401k with them pre-pandemic, back in 2019, and the whole setup, even with some minor paperwork hiccups on my end, was smooth as silk. I'm in Detroit and even with the distance, their team was incredibly responsive. Best move I've made for my portfolio!

    7
    paul_hill🏆Advanced (250-500k)Real Investor✓ Verifiedabout 1 month ago

    This is so helpful! I've been eyeing Augusta for a while now for adding some more silver to my holdings, and hearing your positive experience with the Eagles is really nudging me in that direction. My stack of Maples from another dealer in 2021 has performed well, but the Eagles have always caught my eye for their beauty.

    4
    janet_cook📊Growing (50-100k)about 1 month ago

    @Joshua Phillips - I hear you loud and clear on the '08 experience. It's funny, actually, because that's when I actually *started* looking into physical metals. My 401k took a beating, and while I wasn't in a Gold IRA yet, that's when the seed was planted. I eventually rolled over about 70k into a Gold IRA in 2012, and while the paper gains haven't been earth-shattering since then, in Providence, I sleep a lot better knowing that portion is protected from the next potential crash. It's less about the moonshot, and more about peace of mind for me.

    16
    steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verifiedabout 1 month ago

    Nice! I'm in Cleveland, and I've looked at Augusta before. For my actual Gold IRA, I ended up going with Lear Capital back in 2021 after seeing a pretty in-depth comparison on GoldIRACenter.com. Their breakdown of fees and storage options was super helpful in making my final decision, especially since I was transferring a decent chunk – around $300k – from an old 401k.

    4
    donna_rogers🏆Advanced (250-500k)Real Investorabout 1 month ago

    @Nancy Hall That's a solid start, especially with the Eagles and Buffalos – classic choices that hold their value. I remember kicking myself back in '08 for not diversifying beyond just bullion. When everything went sideways, having some fractional pieces and even a bit of allocated silver in a segregated vault really helped smooth out the volatility. Keep an eye on those premium fluctuations, they can eat into your gains if you're not careful.

    17
    linda_taylor📊Growing (50-100k)✓ Verifiedabout 1 month ago

    It's great you're exploring precious metals, and buying physical silver is definitely a step towards diversifying. My personal experience, however, led me to a different strategy for my retirement funds. I actually rolled over about $75,000 from an old 401k into a Gold IRA with one of the bigger custodians back in 2021, opting for gold since I felt its value was less volatile and easier to store for long-term growth.

    0
    dorothy_lopez💰Established (100-250k)Real Investorabout 1 month ago

    Awesome post, man, and congrats on the Eagles! I just dropped another chunk into my Gold IRA with Augusta last month, and seeing these positive vibes just reaffirms my decision. Good to know there are other folks in the Silver State making smart plays!

    11
    joseph_harris📊Growing (50-100k)about 1 month ago

    That's awesome! I had a great experience with Augusta myself when I opened my Gold IRA last year here in Nashville; I rolled over about 75k from an old 401k. What are your thoughts on their buyback program, particularly for silver versus gold? I'm always curious about liquidity, especially with larger purchases.

    1
    jennifer_martinez💰Established (100-250k)Real Investor✓ Verifiedabout 1 month ago

    That's fantastic to hear! I went with a Gold IRA myself a few years back, diversified into some Eagles and Buffalos for my precious metals portion. My main concern was always liquidity if I needed to offload some of my holdings quickly given the market, especially with the premium on Eagles. Have you looked into the buyback process with Augusta, specifically what their turnaround times and pricing are like for selling back physical silver?

    1
    gary_stewart📊Growing (50-100k)about 1 month ago

    Congrats on the Eagles! For anyone else looking at Augusta, they're solid, but definitely check the premium on those Eagles versus just straight-up 1oz Buffaloes or Maples. I almost pulled the trigger on a big silver purchase a few years back for my Gold IRA here in Fresno, but the spot-to-premium ratio on some of the popular coins pushed me to more generic bars instead, saving almost 3% on a $70,000 allocation.

    13
    kenneth_parker💎Premium (500k-1m)Real Investor✓ Verifiedabout 1 month ago

    This is exactly the kind of discussion I was looking for. Very informative!

    7
    jason_morgan💰Established (100-250k)Real Investor✓ Verifiedabout 1 month ago

    Congrats on the Eagles! I went with Augusta a few years back for my Gold IRA. Good experience overall, but definitely remember their premium on those specific coins can be a bit higher than some other dealers if you're not doing a direct IRA transfer. For future reference, always shop around a bit on the spot price vs. their offered price, especially if you're just adding retail bullion to a personal stash outside the IRA. I found JM Bullion often has competitive rates for direct purchases I make here in Jax.

    13
    michelle_collins🏆Advanced (250-500k)Real Investorabout 1 month ago

    @Brian Edwards That’s an interesting take on silver, and I can definitely see how the storage could get unwieldy for larger volumes. I started with a mix of gold and silver myself back in 2018 – mostly Eagles and Maples – but eventually, I consolidated most of my holdings into gold. For my IRA, especially with Augusta’s segregated storage option near Wilmington, Delaware, the peace of mind knowing my 100oz gold bars are secure, and not a dozen boxes of silver coins taking up space, just feels right for my portfolio.

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