Anyone using Equity Trust for their IRA? Looking for some feedback

Gary Stewart

Back to forum

🥈 Silver Coins

Anyone using Equity Trust for their IRA? Looking for some feedback

gary_stewart📊Growing (50-100k)

about 6 hours ago

Key Takeaways

•No major issues, but honestly, I don't really have anything to compare it to.
•My business here in Fresno, dealing with the agricultural side of things, really reinforces my belief in physical assets you can actually *hold*.
•It's why I went with precious metals in the first place, rather than some abstract fund.

Compare top Gold IRA companies — free

I’ve been eyeing up some more silver coins for my Gold IRA, specifically some ASEs and Maples, but I’m wondering if it’s time to shake things up with my custodian. I’ve currently got about $70k in the account, mostly physical metals, and I went with Equity Trust back when I first set this whole thing up a few years ago. No major issues, but honestly, I don't really have anything to compare it to.

My business here in Fresno, dealing with the agricultural side of things, really reinforces my belief in physical assets you can actually hold. It's why I went with precious metals in the first place, rather than some abstract fund. So, the idea of having my silver locked up with a custodian is always a bit... well, not bad, but I just want to make sure I'm with the right one. Fees are obviously a factor, but so is their ability to handle actual physical silver, delivery if I ever went that route (not planning to soon, but good to know), and just overall responsiveness.

I've seen Equity Trust pop up a lot, but I’m curious if anyone else has them and what their long-term experience has been like, especially with silver. Good, bad, ugly? Are there any hidden fees or services you've found particularly annoying or, conversely, surprisingly beneficial? I'm debating whether to just stick with them or start looking into other options like Strata Trust or Kingdom Trust. I really want to make sure my hard-earned money is in the best hands possible.

Any thoughts on other custodians that have specifically impressed you with their handling of physical silver? Or any horror stories to watch out for? Appreciate any insights you folks have. Thanks!

5 comments

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →

75 people viewed this today8 members requested a free kit this week13 investors bookmarked this

Best Answer▲ 9 upvotes

christopher_young🌟Ultra (5m+)

Hey, I hear you on the custodian front! I actually had a super similar experience. Was with a different cust. for my silver, but their fees just kept creeping up. Ended up switching over to Equity Trust last year, and so far, so good. No complaints really, pretty straightforward to work with. What makes you want to shake things up?

Comments (5)

christopher_young🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

Hey, I'm curious about something you mentioned. You said you're looking at "shaking things up" with your custodian. What specifically about Equity Trust are you not thrilled with, or what are you hoping to get from a new one?

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

Honestly, while Equity Trust is a big name, I've heard some mixed reviews about their fee structure, especially for smaller accounts or if you're doing more frequent transactions. You might want to do a deep dive into all their potential charges. Sometimes the "big names" aren't always the most cost-effective for what you're actually doing. Might be worth looking into some of the smaller, more specialized custodians before you make a switch, just to compare apples to apples on their pricing.

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

Hey there! I don't personally use Equity Trust, but I've definitely heard their name pop up a lot in the Gold IRA space. One thing I'd recommend, especially if you're thinking of switching custodians or even just expanding your metals, is to thoroughly check their fees upfront. Sometimes those storage and admin fees can really add up, even if their initial setup looks attractive.

A good resource for comparing different custodians and their fee structures is Investopedia's Gold IRA guide. It's not perfect, but it often has a good breakdown of what to look for and some common pitfalls. Good luck with your research!

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

Yeah, I'm with you on Equity Trust. I've been using them for my precious metals IRA for a few years now, and honestly, they've been pretty solid. I've got a mix of gold and silver with them, probably around $80k now, and I haven't had any major complaints. Their fees seem reasonable, and I've found their customer service to be pretty responsive when I've needed them.

12,000+ investors requested this guide last month

Find out why retirees are moving savings into gold. Free kit, no obligation.

Under $100k? Compare options →