Custodian fees for rounds - what are you seeing out there?

Maria Campbell

Back to forum

⭕ Gold Rounds

Custodian fees for rounds - what are you seeing out there?

maria_campbell📊Growing (50-100k)

about 2 months ago

Key Takeaways

•Okay, so I've been looking into rolling over more of my retirement savings into a Gold IRA, specifically focusing on gold rounds this time.
•I've got a good chunk, probably another $75k or so, that I want to move in the next few months.
•But now, with the market shifting and me planning to add a significant amount more, I'm wondering if I should be shopping around.

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

Okay, so I've been looking into rolling over more of my retirement savings into a Gold IRA, specifically focusing on gold rounds this time. I've got a good chunk, probably another $75k or so, that I want to move in the next few months. My current setup from a few years ago (when I first dove into this with about $60k) has me paying about $200 a year in custodian fees, which felt reasonable at the time. But now, with the market shifting and me planning to add a significant amount more, I'm wondering if I should be shopping around.

I'm deeply invested in my community here in Boise – it’s a big part of why I even got into this Gold IRA thing, trying to secure something tangible for retirement beyond the volatile stock market. I always try to be a steward of our local resources, and I want to be a good steward of my own money too. $200 a year for what is essentially safekeeping feels like it could climb pretty quickly percentage-wise as my holdings grow. I've seen some places advertise flat fees, others tiered based on asset value. It's a bit of a maze.

What are you all paying in custodian fees, especially those with portfolios in the mid-five figures to low six figures? Are there any companies that stood out for their transparency or competitive pricing? My current custodian has been fine, no complaints really, but I'm just trying to make sure I'm not leaving money on the table that could be better served growing my actual gold holdings. Any insights would be hugely appreciated! I'm hoping to make a decision before the end of the year.

178

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 →

676 people viewed this today89 members requested a free kit this week133 investors bookmarked this

Best Answer▲ 13 upvotes

michael_anderson🏆Advanced (250-500k)

Just started my rollover process last month. The paperwork alone almost made me quit lol.

Comments (5)

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

Hey, I hear you on the custodian fees! It's definitely something to factor in. I actually ran into a similar situation a few years back when I was adding a significant amount of silver to my IRA. My original custodian's fees just didn't make sense for the new amount, so I ended up doing some serious shopping around for a better deal. Ended up switching, and it saved me a decent chunk.

ashley_baker💼Starter (0-50k)✓ Verified•about 2 months ago

Interesting. You're looking at rounds specifically, not bars or coins? Is there a particular reason you're leaning that way for this next chunk of your rollover?

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

Interesting, I've had a slightly different experience. While I get the appeal of rounds for their lower premium over spot, for my IRA, I actually lean more towards government-minted coins like Eagles or Maples. Even with slightly higher premiums, some custodians seem to have more straightforward fee structures for them, and they're generally seen as more liquid down the road if I ever need to take a distribution. Just something to consider if you're comparing offerings.

charles_lewis💎Premium (500k-1m)Real Investor•about 2 months ago

Hey, that's a smart move focusing on rounds! One thing I'd highly recommend is asking potential custodians about their *all-inclusive* fee structure. Some will quote a low annual storage fee but then nickel and dime you with transaction fees, shipping, or even account maintenance fees that add up fast.

Always get a breakdown of every single potential cost you might incur throughout the year, not just the headline storage percentage. There are some good comparison sites out there that break down different custodians' fee schedules pretty well if you Google around a bit.