Gold IRA storage fees - what's normal?

Paul Hill

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Gold IRA storage fees - what's normal?

paul_hill🏆Advanced (250-500k)

about 20 hours ago

Key Takeaways

•But the storage fees feel a little… opaque.
•Currently, I'm paying around $200 a year for segregated storage.
•He explained all the benefits of segregated vs.

The 3-step rollover process explained

Okay, so I'm trying to get a handle on my Gold IRA storage fees and wondering if what I'm paying is in the ballpark or if I should be shopping around. My advisor here in Salt Lake set me up with a pretty solid diversified portfolio, about $300k of it in precious metals, mostly gold with a little bit of silver. It’s been a great hedge against inflation, especially with everything going on the last couple of years, and I definitely feel better having that physical asset. But the storage fees feel a little… opaque.

Currently, I'm paying around $200 a year for segregated storage. He explained all the benefits of segregated vs. commingled, and I get that. I mean, it's my literal gold, not just a promise of gold, so I want it safely tucked away and accounted for myself. But it just comes out of my account and I never really think about it until I look at the statements. Is $200 a year for segregated storage on a $300k gold position about right? I've seen some places advertise flat rates of $100 or so, but then I worry about what corners they might be cutting. Is it worth the hassle to try and move it for a small savings, or is this pretty standard for a reputable vaulting service?

My advisor has always done right by me, but I also like to do my own due diligence. What are other folks paying for their Gold IRA storage, particularly for segregated storage? Any lurkers out there with opinions on the various vault companies? Just trying to make sure I'm not overpaying for peace of mind, even though peace of mind with a physical asset is pretty damn valuable.

3 comments

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Best Answer▲ 8 upvotes

joshua_phillips🏆Advanced (250-500k)

Totally get this! I had a similar "aha!" moment a few years back. My advisor had me in a commingled vault, and while the fees seemed okay on the surface, I started doing some digging. Turns out, I was paying a bit more than I needed to for what I was getting. Ended up switching to a different custodian with fully segregated storage for about the same price. Definitely worth shopping around even if you're happy with your advisor.

Comments (3)

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•about 12 hours ago

nancy_hall💰Established (100-250k)Real Investor•about 12 hours ago

Hey, quick question on the storage fees you mentioned. Are those fees a flat annual rate, or are they a percentage of your total (or just the gold/precious metals part) holdings? Just curious how they're structured!

mark_adams👑Elite (1m-5m)Real Investor•about 12 hours ago

Honestly, the "normal" part is tough to pin down because it really depends on the custodian and the amount. But for $300k, a flat annual fee rather than a percentage often comes out cheaper in the long run. Percentage fees can really start to sting as your holdings grow. Might be worth asking if that's an option they offer or if there's another custodian who does.

Your purchasing power dropped 25% since 2020

Gold outpaced inflation every decade for 50 years. See what it could do for your IRA.

Under $100k? Compare options →