Anyone using Equity Trust for Silver IRA? Looking for custodian feedback

Kenneth Parker

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🥈 Silver Coins

Anyone using Equity Trust for Silver IRA? Looking for custodian feedback

kenneth_parker💎Premium (500k-1m)

about 4 hours ago

Key Takeaways

•My current play is mostly physical gold in a Gold IRA through Augusta Precious Metals, and I’ve been happy with them.
•But I'm looking to diversify a bit more into silver, specifically coins, for some extra tangible asset security.
•I’ve been doing some research and Equity Trust Company keeps popping up as a custodian.

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Thinking about consolidating a couple of my smaller investment accounts into a Silver IRA, probably around $50K to start, maybe more over the next couple of years. My current play is mostly physical gold in a Gold IRA through Augusta Precious Metals, and I’ve been happy with them. But I'm looking to diversify a bit more into silver, specifically coins, for some extra tangible asset security.

I’ve been doing some research and Equity Trust Company keeps popping up as a custodian. Does anyone here use them for their Silver IRA? Specifically interested in how their fee structure actually plays out, their service when you need to talk to someone, and the overall ease of managing your account. I’m a pretty busy guy – run a logistics company here in Memphis, so I don’t have a ton of time to be troubleshooting issues or navigating complex online portals. I'm trying to set something up that’ll be pretty hands-off once it's established, especially as I start thinking about succession planning for the business.

Also, any other custodian recommendations for silver coins? I’m looking for someone reputable, secure, and ideally with a decent online interface. I’m thinking long-term here, building up a significant chunk of my portfolio (currently in the $500k-$1M range) in precious metals, and getting the custodian right is a big piece of that puzzle. Augusta has been great for gold, but I want to make sure I’m making an informed decision for silver specifically. Thanks for any insights.

5 comments

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Best Answer▲ 10 upvotes

paul_hill🏆Advanced (250-500k)

Hey, I hear you on this! I'm in a similar boat, actually. I've had a Gold IRA with Augusta for a while now and they've been solid. My wife wanted to diversify a bit more into silver a few years back, and after some research, we ended up going with Equity Trust as the custodian for her Silver IRA. Honestly, no complaints so far.

The setup was pretty smooth and their customer service has been responsive whenever we've had questions. It's not as hands-on as some of the smaller firms, but for a custodian role, they get the job done efficiently. Good luck with your consolidation!

Comments (5)

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

kenneth_parker💎Premium (500k-1m)Real Investor✓ Verified•less than a minute ago

Hey, that's a good amount to be looking at! Question about your Augusta Precious Metals Gold IRA – are they your custodian for the gold, or are you just buying the metal through them and then using a separate custodian? Just curious about their setup since you mentioned being happy with them.

joseph_harris📊Growing (50-100k)•less than a minute ago

Interesting you're looking at Equity Trust, especially coming from Augusta! I've heard good things about Augusta's customer service, and while Equity Trust is a huge name in the self-directed IRA space, they sometimes get dinged for being a bit more 'hands-off' or having a more corporate feel. For $50k, depending on how much hand-holding you expect, that might be something to consider. Augusta's fees might be higher, but you sometimes get that extra layer of personalized service for it. Just a thought!

helen_turner💰Established (100-250k)Real Investor•less than a minute ago

Hey there! Sounds like you're making some smart moves diversifying into silver. Equity Trust is a pretty common name in the precious metals IRA space, so I'm sure you'll get some good feedback here.

One thing to keep in mind, regardless of the custodian, is to always understand their fee structure upfront – not just annual fees, but storage, transaction, and any other potential costs. A good comparison of Gold IRA companies often breaks down these fees, and many of the same considerations apply to Silver IRAs too. Good luck with your search!

margaret_chen🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, absolutely agree about Augusta. They've been great for my gold IRA too, super smooth process. For silver, I went with Equity Trust for my first silver IRA about 3 years ago, starting with just over $40k. No complaints so far, their platform is pretty straightforward.

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