AuSecure Review: Pros, Cons, What You Should Know

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Last Updated: July 17, 2024

AuSecure is a precious metals dealer that can help you with precious metal investing. Gold diversifies your investment portfolio and hedges against inflation. AuSecure may be the right gold IRA company for your investment needs, but are they the best?

Before going any further with this AuSecure review, we want to disclose information to help you understand how we research and reach a conclusion for our company reviews.

At Barcode of Life, we understand the importance of your financial decisions and the trust you have in our information. We conduct in-depth research on every company we review, including their reputation, product offerings, and history. Our goal is to provide you with reliable, comprehensive information so you can make confident choices.

We hold a skeptical view of banks, the monetary system, and politicians, recognizing that these entities often cater more to the wealthy than everyday investors. Therefore, we strongly advocate for individuals to have greater control over their own finances, firmly believing that they should have the power to make decisions about their money, reducing dependence on institutions and politicians.

The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until July 29, 2024. If you are even thinking about investing in gold, you need to request this kit.
 
Check out our best gold IRA companies list for 2024.

See How Smart Americans are Protecting Their Savings & Retirement

Key Takeaways

What Should You Know About AuSecure?

AuSecure opened its doors in 2009. Located in Chicago, this company offers a range of products and services to help people invest in gold bullion and other precious metals. The company sells gold, silver, platinum, and palladium bullion. They also offer collectible coins.

The company is located at 910 W Van Buren St., Chicago, IL 60607. You can purchase online or at their brick-and-mortar storefront.

This gold dealer's core values are based on honesty and transparency. If you read AUSecure reviews, you will learn everything you need to know about this company and how it operates. You can also check out their LinkedIn page.

Ownership and Management Team

As you research the company's ownership and management team, you will discover that the information is challenging to find. AuSecure is a private company, so data on the leadership team is not readily available.

The BBB lists Jim O'Gara and Hadi Saeid as the company managers. Jim O'Gara is listed as the primary contact for AuSecure.

pros & Cons

Reading the pros and cons will give investors a balanced approach to deciding if AuSecure is the right company for their investing needs. We realize no company can meet the needs of all customers. There will be pros and cons, but the pros should outweigh the cons.

Pros

Cons

Customer Reviews About This Precious Metals Company

We investigate carefully to dig up as many customer reviews as possible when researching a precious metals dealer. We want you to know everything there is to know before you open an account with AuSecure and start investing your hard-earned money.

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Better Business Bureau

We checked the Better Business Bureau first to see if there were any BBB complaints. We saw the company has been accredited since 2013, but we could not find any customer reviews.

A BBB profile without any customer reviews is quite strange. We will keep looking and updating this AuSecure review if any customer reviews become available on the Better Business Bureau.

Business Consumer Alliance

We checked on the Business Consumer Alliance website and could not find any profile for AuSecure. Once again, we will update you if a profile becomes available for this precious metals company.

RipOff Report

In the case of the RipOff Report, no news is good news. We could not find any complaints on AuSecure. We will keep our readers updated about any changes.

Facebook

AuSecure has 3.9 stars out of 5. There are currently 59 customer reviews on this platform. The company's Facebook page does not seem very active regarding customers responding and interacting with posts.

Is AuSecure Legit?

AuSecure is a legitimate company that has been around for years. The company has a solid rating from consumer sites like the BBB, but there are few customer reviews.

We also find it odd that when you visit the AuSecure website, you have to fill out a form to be granted access, and it says not everyone will be granted access to the site. The website seems almost like a secret club.

Products and Services

AuSecure has many precious metals, including gold, silver, platinum, and palladium. Unlike some companies, they are a platinum dealer.

Some companies only offer silver and gold. The company provides customers with a free gold investing kit to help them get started in precious metals investing.

The following are some of the site's most popular precious metals offerings.

The company assists individuals in selecting coins from its Chicago store and online. You can purchase from your secure account and have your gold, silver, platinum, and palladium AuSecure products sent to your home or stored as a part of your self-directed IRA in a secure depository. Storage fees are involved with your IRA account to provide investors with these services.

Shipping Policy & Insurance

AuSecure orders take around 3 to 5 business days to ship. The company is currently shipping metals through FedEx and UPS; each order comes with insurance coverage.

Anything ordered under $11,000 requires a $20 shipping fee. Orders over this amount ship for free.

How to Buy & Sell Gold

You cannot buy or sell silver or gold on AuSecure until you get approved for access to the website. If you purchase precious metals for home delivery, you must select your metals and add them to your cart.

Once you have decided on your precious metals order, you must put your shipping and payment information into the system. AuSecure will send you a shipping invoice with tracking information once your items ship.

If you want to sell precious metals to AuSecure, you must contact them by phone first. They will provide instructions on how to ship the metals to them securely so they can grade them and offer a fair price.

It is challenging to find complete information on selling to AuSecure since the site is so secretive without approval from the company to gain access.

Payment Options

AuSecure offers multiple payment options to purchase precious metals from its website. This gold IRA company provides the following options:

  1. All major credit cards
  2. Cashier's check
  3. Money orders
  4. Cash
  5. Bank wires

Your order may be delayed until your payment clears, depending on the form of payment you select for your precious metals.

Precious Metals IRA Services

AuSecure offers precious metals IRA services for its customers. The company partners with some of the best custodians and depositories in the industry to give its customers an easy way to invest in precious metals with tax advantages.

Custodians

You can choose from the following custodians to help with your precious metals IRA:

These custodians will help you open a new IRA or rollover from your existing IRA. You should select a custodian with a good overall rating. The company should handle most of the paperwork for your rollover or new account setup.

Storage Options

AuSecure partners with depositories like Delware Depository, but they do not offer in-house storage. It is important to remember that you cannot hold your precious metals at home with a gold IRA.

The IRS requires all physical precious metals to be held in a secure depository. You also cannot invest in collectible coins with a gold IRA.

How Does Ausecure Compare to Other Precious Metals Companies?

AuSecure is like some other gold dealers, but their level of privacy seems beyond the scope of most. You cannot even view their website without prior approval.

Many investors may not like that they cannot even consider the selection of gold, silver, palladium, and platinum without opening an investment profile and getting approval. You cannot even see if the company does sell bullion without prior approval.

Final Verdict: Should You Trust Ausecure With Your Retirement Savings?

We believe Ausecure is a decent company to do business with, but better options are likely available.

We have provided our readers with much information in this AuSecure review and encourage you to research further before opening an account.

In addition to this AuSecure review, we invite you to check out our other gold company reviews and view our comparison charts to see how AuSecure compares to other companies in the industry.

Ultimately, it has to be your decision, so choose wisely to secure wealth and protect your retirement savings. Choose wisely!

Recognizing that banks often serve the interests of the wealthy rather than everyday investors, we approach banks, the monetary system, and politicians with skepticism. We strongly believe that individuals should have greater power over their finances, empowering them to make decisions about their money independently and reducing reliance on institutions and politicians.

The #1 ranked gold investment company has agreed to give our readers a FREE gold kit at no cost, until July 29, 2024. If you are even thinking about investing in gold, you need to request this kit.   

See How Smart Americans are Protecting Their Savings & Retirement

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