Custodian fees for gold rounds - what are you all paying?

Frank Rivera

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Custodian fees for gold rounds - what are you all paying?

frank_rivera💎Premium (500k-1m)

about 2 months ago

Key Takeaways

•Alright, so I’m really trying to dial in the costs on my Gold IRA.
•I’ve been holding gold rounds for a good while now, mostly in a Caye account, and it feels like the custodian fees might be a bit steep.
•With the market doing what it’s doing, every bps counts, especially when you’re looking at a portfolio in the high six figures like mine.

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Alright, so I’m really trying to dial in the costs on my Gold IRA. I’ve been holding gold rounds for a good while now, mostly in a Caye account, and it feels like the custodian fees might be a bit steep. With the market doing what it’s doing, every bps counts, especially when you’re looking at a portfolio in the high six figures like mine. I’m sitting on close to $800k in the IRA, with a decent chunk of that in physical gold. The stability is great, especially with all the noise out of Beijing and what that means for the Pacific, but I want to make sure I’m not leaving money on the table just because I got comfortable with my initial setup.

I’m particularly interested in what other folks are seeing for annual custodian fees when holding physical gold rounds. Are you seeing flat fees, or is it a percentage of the assets? If it’s a percentage, what’s the typical range you’re experiencing? I'm open to moving some of my holdings around if there’s a significant cost difference out there. I’m located in Honolulu, so I’m looking for reputable outfits that can handle the logistics, and I'm not afraid of dealing with a few more hoops if the savings are substantial.

Also, how many of you actually use a dedicated retirement planner for your gold holdings? I’ve been mostly doing my own thing since retiring from the Navy, but I'm wondering if a tool like the Retirement Planner could shed some light on optimizing these kinds of expenses. I'm always looking for ways to refine my strategy and ensure I'm set for the long haul. Any experiences with different custodians or advice on fee negotiation would be super helpful. Let me know what you've found!

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3 comments

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Best Answer▲ 10 upvotes

sandra_green📊Growing (50-100k)

Interesting. You mentioned Caye, and that's not one I hear about too often for Gold IRAs. Are you talking about Caye International Bank, or is there another Caye you're referring to?

Comments (3)

sandra_green📊Growing (50-100k)✓ Verified•about 2 months ago

I hear you on this! Had a similar situation a few years back with a different custodian for some silver Eagles. Felt like I was bleeding money just to hold onto them. Ended up doing a bunch of research and switched to a place with a flat annual fee, which worked out way better for me. Definitely worth shopping around, especially with rounds where the premium over spot can already eat into profits.

sandra_green📊Growing (50-100k)✓ Verified•about 2 months ago

Interesting. You mentioned Caye, and that's not one I hear about too often for Gold IRAs. Are you talking about Caye International Bank, or is there another Caye you're referring to?

ruth_perez📊Growing (50-100k)•about 2 months ago

Hey, just curious, have you looked into what those fees specifically cover? Sometimes it's not just the storage, but also insurance and things like audit trails that drive the cost up. Different providers have different levels of service bundled in. It might not be as simple as "cheaper custodian = better deal" if you're losing out on some of those protections.

I get wanting to optimize every bps, especially now, but sometimes peace of mind is worth a little extra. Maybe get a breakdown of what that Caye account is actually giving you for the price?

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