Gold IRA storage fees - what's fair?

Gary Stewart

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Gold IRA storage fees - what's fair?

gary_stewart📊Growing (50-100k)

about 5 hours ago

Key Takeaways

•Looking for some insight on what others are paying for their Gold IRA storage fees.
•I've got $75k in physical gold in my account, and I'm currently with a custodian who charges me a flat annual fee of $200.
•I started this IRA a couple of years ago, right when things started looking a little shaky.

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Looking for some insight on what others are paying for their Gold IRA storage fees. I've got $75k in physical gold in my account, and I'm currently with a custodian who charges me a flat annual fee of $200. I started this IRA a couple of years ago, right when things started looking a little shaky. Being in agriculture here in Fresno, I've seen firsthand how quickly things can turn with commodity prices and supply chains, so having real assets I can actually touch (or at least know are there) just makes sense to me. My dad always said, "Son, you can't eat a stock certificate," and that really stuck.

Now, I'm happy with the performance of my gold, and the peace of mind is worth a lot. But $200 a year for storage on a $75k portfolio feels... okay, but I'm wondering if I could be doing better. Is this about average for an account of my size? I see some places advertise tiered pricing, or even percentages of assets under management, and it makes me wonder if I'm leaving money on the table.

I'm not looking to nickel and dime, but every bit counts, especially with current inflation. My biggest concern besides the fee itself is the security and segregation of my metals. I want to make sure wherever it's stored, it's not some commingled pool. My custodian assures me it's fully segregated, but how do you guys verify that beyond their word?

Anyone here with a similar portfolio size for their Gold IRA who can share their storage costs? Or any recommendations for custodians with competitive fees and top-notch security? Would love to hear your experiences and any red flags I should be looking out for. Should I be negotiating these fees?

3 comments

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Best Answer▲ 7 upvotes

william_davis💎Premium (500k-1m)

Totally get where you're coming from. I was in a similar boat a few years back with about $60k in my Gold IRA. My previous custodian was charging me a percentage, which felt a bit like a moving target as the value went up. Ended up switching to one with a flat fee of $150. For $75k, $200 seems pretty reasonable, especially if it's a reputable place and you're happy with their service.

Comments (3)

william_davis💎Premium (500k-1m)Real Investor•less than a minute ago

david_brown💎Premium (500k-1m)Real Investor•less than a minute ago

That's interesting you went with a flat fee. Most of the places I've looked at charge a percentage of the asset value. Was that a deliberate choice, or just how your custodian operates?

thomas_walker🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

Honestly, $200 for $75k in gold doesn't sound that bad, especially if it's segregated storage. Are you sure you're getting a raw deal? Many places charge a percentage, and if your gold value keeps climbing (which is the whole point, right?), that percentage fee could quickly outpace your current flat rate. Just something to consider before jumping ship.

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