Gold IRA for small fish? My take after 8-figures...
- •Been seeing a lot of posts lately about Gold IRAs, which is awesome.
- •The amount of new blood getting into physical assets is promising, especially with the Fed doing its best impression of a broken printer.
- •But I keep seeing questions about "small investors" and which companies to use, and honestly, it bugs me a bit.
Been seeing a lot of posts lately about Gold IRAs, which is awesome. The amount of new blood getting into physical assets is promising, especially with the Fed doing its best impression of a broken printer. But I keep seeing questions about "small investors" and which companies to use, and honestly, it bugs me a bit. What does "small" even mean in this context? Someone with $25k to roll over? $100k? My first physical gold purchase back in '08 was like 5 grand, practically pocket change now.
My advice, and take it with a grain of salt because I'm just some random internet dude with a Scottsdale address and a serious precious metals addiction, is that the company doesn't change much for the "small" vs. "large" investor. The fees might scale a bit, sure, but the underlying service and trustworthiness are what matter. I've rolled over upwards of eight figures into various precious metal IRAs over the years, and the due diligence process was the same whether it was my first 401k rollover or my last.
Focus on their custodian relationships, the storage options (segregated vs. unsegregated, domestic vs. international, though for peace of mind, I'm a domestic-segregated guy), and transparency in pricing. You want clear-cut details on annual fees, storage fees, and buy/sell spreads. Don't be afraid to ask for a full breakdown. I can't stress enough how many companies try to hide fees behind vague language. If they don't give you straight answers, move on. I've walked away from deals that would have been seven figures because the rep was shady about a single line item.
Frankly, it's less about finding a company for small investors and more about finding a reputable company, period. They should treat your $25k with the same respect and transparency they treat my $5M allocation. Has anyone else felt this way? What red flags have you guys encountered with various Gold IRA providers, regardless of portfolio size?