Gold IRA Custodians - who are you guys using and why?

Paul Hill

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Gold IRA Custodians - who are you guys using and why?

paul_hill🏆Advanced (250-500k)

about 2 months ago

Key Takeaways

•Been pretty happy with my personal Gold IRA performance lately, hitting just over $300k as of last week, which is a nice milestone for me.
•Currently, I'm with Kingdom Trust, and honestly, they've been solid.
•My metals are stored at Delaware Depository, which gives me peace of mind.

The 3-step rollover process explained

Morning, everyone. Been pretty happy with my personal Gold IRA performance lately, hitting just over $300k as of last week, which is a nice milestone for me. Been in the game for about five years now, and while I’ve been using the same custodian since day one, I’m starting to wonder if I’m getting the best deal or if there's something better out there. My financial advising practice here in Salt Lake City is seeing a lot more interest in precious metals IRAs, and I want to make sure I'm giving my clients the most informed, up-to-date recommendations.

Currently, I'm with Kingdom Trust, and honestly, they've been solid. No major complaints – fees seem reasonable, their customer service has always been prompt, and the setup was pretty painless back when I first started. My metals are stored at Delaware Depository, which gives me peace of mind. But you know how it is, sometimes you just wonder what you're missing. Are there any other custodians that stand head and shoulders above the rest for Gold IRAs?

I’m particularly interested in hearing about fees beyond the initial setup – annual maintenance, storage fees, transaction costs when buying/selling. Also, what’s your experience been with their customer service during more complex transactions, like rollovers or distributions? Any custodians that folks have had bad experiences with? I want to make sure I'm steering clear of any potential headaches for myself and my clients. Appreciate any insights!

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4 comments

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Best Answer▲ 8 upvotes

mark_adams👑Elite (1m-5m)

Congrats on hitting that milestone, that's awesome! When you're looking into custodians, don't forget to check out their storage options. Some offer segregated storage, which can be a nice peace of mind. Here's a pretty good rundown of some top companies and their services that might be helpful in your search.

Comments (4)

elizabeth_johnson💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Congrats on hitting that milestone, that's awesome! I had a super similar experience. Was with the same custodian for about four years, happy enough but felt like I was probably missing out on better fees or service. Ended up switching last year and it was way smoother than I expected. Definitely worth looking into, you might find something that's a better fit now that your portfolio has grown so much.

dorothy_lopez💰Established (100-250k)Real Investor•about 2 months ago

Congrats on the $300k milestone, that's awesome! Quick question though, you mentioned you're wondering if you're "getting t" - did you mean getting the best rates, best service, or something else entirely? Just curious what specifically made you start thinking about switching custodians after five years.

laura_sanchez💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Congrats on the $300k, that's awesome! While I get the idea of shopping around, sometimes sticking with a custodian you already know and trust can be a good thing, even if they're not the "cheapest." The peace of mind of not having to learn a new system or deal with potential transfer headaches might be worth a slightly higher fee, especially if you're already happy with their service. Just something to consider!