Anyone here with a smaller Gold IRA? My experience and looking for company recommendations.
- •But it got me thinking about us smaller guys.
- •That's why I started my Gold IRA a few years back.
- •I put about $75,000 into it initially, mostly rolling over an old 401k that just wasn't doing much for me.
Been seeing a lot of folks talking about big institutional investors dumping millions into precious metals lately, which is obviously great for the industry. But it got me thinking about us smaller guys. I've been running my own agribusiness here in the Central Valley for decades, and let me tell you, when you deal with things that actually grow out of the ground, you get a gut feeling for real assets. That's why I started my Gold IRA a few years back.
I put about $75,000 into it initially, mostly rolling over an old 401k that just wasn't doing much for me. My current company (won't name them yet, don't want to prejudice anyone) has been... fine. The fees feel a little on the high side for what I'm depositing each year, and communication isn't always the quickest. I'm not a high-frequency trader, don't get me wrong, but when I call about a statement or a market question, I'd like a more straightforward answer.
I’m probably looking to add another $10-20k to it this year, depending on how this season's almond harvest goes. So I'm in that $80-100k range. For those of you in a similar boat, what companies have you had good experiences with? I’m based in Fresno, California, so anything with solid customer service and fair fees for accounts under say, $200k, would be a huge plus. Some of these places feel like they're only set up for the whale accounts.
Are there any specific red flags or positive signs I should be looking out for when shopping around for a new custodian? I want to make sure my hard-earned money from years of early mornings and late nights in the fields is actually growing, not just getting eaten up by hidden costs. Appreciate any insights!