Gold IRA Storage Fees: What are you all paying these days?
- •Been in the gold game for something like 20+ years now, mostly physical but slowly moved a chunk into an IRA a while back for tax advantages.
- •I'm a retired auto guy from Detroit, seen a few recessions come and go, and gold's always been my safe harbor.
- •My current Gold IRA sits around the $600k mark – been building it up steadily.
Been in the gold game for something like 20+ years now, mostly physical but slowly moved a chunk into an IRA a while back for tax advantages. I'm a retired auto guy from Detroit, seen a few recessions come and go, and gold's always been my safe harbor. My current Gold IRA sits around the $600k mark – been building it up steadily. My storage fees have always felt pretty standard, a flat fee around $200-$250 a year for segregated storage. I always felt like that was a fair price for knowing my specific bars are held separate, not commingled.
Lately, though, I've been seeing some folks on other forums talking about ad valorem (percentage-based) fees. This whole time, for me, it's always been a flat rate, which I preferred. With a portfolio my size, a 0.25% ad valorem fee would be like $1500 a year! That's a huge jump compared to what I'm paying now. It makes me wonder if my current provider is just behind the times or if I'm somehow getting a killer deal.
So, I'm genuinely curious: what are you all paying for your Gold IRA storage these days? Are flat fees still common, especially for segregated storage like I have? Or are most of you seeing those percentage-based fees now? And if you are paying ad valorem, what percentage is it, and what's your portfolio size? Just trying to make sure I'm not leaving money on the table or getting taken for a ride down the line if things change.