Anyone else deal with Equity Trust for their Silver Bars? My experience + looking for others

Laura Sanchez

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🧱 Silver Bars

Anyone else deal with Equity Trust for their Silver Bars? My experience + looking for others

laura_sanchez💰Established (100-250k)

about 1 month ago

Key Takeaways

•Okay, so I’m about three years into my Gold IRA, specifically got my sights set on silver bars for this last chunk.
•My portfolio’s sitting around the $180k mark right now, and about $25k of that is in silver.
•I went with Equity Trust for the custodian because they were recommended by my precious metals dealer – seemed straightforward enough at the time.

See what your 401(k) could look like in gold

Okay, so I’m about three years into my Gold IRA, specifically got my sights set on silver bars for this last chunk. My portfolio’s sitting around the $180k mark right now, and about $25k of that is in silver. I went with Equity Trust for the custodian because they were recommended by my precious metals dealer – seemed straightforward enough at the time. Getting the initial transfer over was smooth, no major headaches, and the statements come in regularly.

Here’s where it gets… interesting. I recently tried to get some clarity on the exact storage location for my 100oz bars. You know, just for peace of mind. El Paso is a unique place, always thinking about contingencies, especially with cross-border commerce being my bread and butter. It took a few calls and a couple of emails just to get a slightly vague answer about a Delaware depository. No specific address, certainly no option to, say, view the facility or even verify independently. Is this normal? Am I being overly cautious here?

I’m starting to wonder if I should have done more research on custodians directly, rather than just going with the dealer’s pick. Fees seem reasonable enough, but customer service feels a little… distant. Has anyone else used Equity Trust for their silver bars? What's been your experience with them, particularly around storage transparency or if you've ever had to take a distribution? Thinking about rolling over a portion of my IRA to another custodian just to diversify my holdings and see if there's a better fit out there. Any recommendations for custodians specifically for silver that offer a bit more transparency or maybe even options for segregated storage without breaking the bank?

Feels a bit like a trust fall, and while I generally trust the system, being a small business owner here on the border has taught me to always look at every angle. What are your thoughts?

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6 comments

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Best Answer▲ 19 upvotes

steven_mitchell🏆Advanced (250-500k)

Yeah, Equity Trust is solid. Been with them since '19 for my gold Eagles, but just added some silver bars last year. Their online portal isn't the slickest, but I've always had responsive human support when I needed it, especially when navigating the initial rollover from my Vanguard 401k. Good to see you're having a similar experience.

Comments (6)

dorothy_lopez💰Established (100-250k)Real Investor•about 1 month ago

Yeah, I actually had a pretty similar experience with Equity Trust a few years back when I was adding some platinum to my IRA. Navigating their system for the first time felt like trying to solve a Rubik's Cube blindfolded, especially with all the paperwork for the transfer. It eventually all worked out, but it definitely took more hand-holding than I expected.

Glad to hear you got your silver squared away, though! It can be a bit of a process, but hopefully smooth sailing from here on out.

ashley_baker💼Starter (0-50k)✓ Verified•about 1 month ago

Hey, interesting post! When you say "deal with Equity Trust," are you referring to them solely as the custodian for your silver IRA, or did you also go through them to actually acquire the silver bars themselves? I'm curious about the acquisition process if they were involved beyond just holding the assets.

jennifer_martinez💰Established (100-250k)Real Investor✓ Verified•about 1 month ago

Interesting to hear your thoughts on Equity Trust. My experience with them for silver has been pretty smooth, honestly. I've got a similar amount of silver with them, and while their fees aren't the absolute lowest, I haven't run into any of the communication issues you're describing. Maybe it's a regional thing, or perhaps I just got lucky with a consistent rep?

william_davis💎Premium (500k-1m)Real Investor•about 1 month ago

Hey, that's a decent chunk of change in silver! When you're looking at specific silver products like bars, it's always a good idea to cross-reference prices and availability across a few different dealers, not just relying on what your custodian's preferred dealer offers. Sometimes you can find better premiums or even specific mints you're looking for elsewhere. Sites like APMEX or SD Bullion are good for checking current prices and product ranges, even if you don't buy directly from them for your IRA. Just make sure whatever you choose is IRA-approved!

steven_mitchell🏆Advanced (250-500k)Real Investor✓ Verified•about 1 month ago

karen_robinson💼Starter (0-50k)•about 1 month ago

Equity Trust, huh? They’re okay, but I remember when I first started looking at IRAs back in '08, their fees were a bit steep for my initial $10k. Went with Augusta Precious Metals myself; they just seemed more transparent when I was putting together that first stack of AGEs. Always pays to shop around, especially now with how tight margins are.

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