Minimums for Gold IRAs - what's realistic these days?
- •Been doing a lot of deep diving on Gold IRA options lately.
- •My family's always been big on tangible assets, especially with how things have been looking globally.
- •I'm looking to put about $150k-$200k into a Gold IRA eventually.
Been doing a lot of deep diving on Gold IRA options lately. My family's always been big on tangible assets, especially with how things have been looking globally. Inherited a decent chunk of timberland and some other holdings a few years back – nothing crazy but enough that I'm trying to be smart about diversifying it for future generations, not just my own retirement.
I'm looking to put about $150k-$200k into a Gold IRA eventually. Right now, I'm trying to get a feel for what the realistic minimums are out there. I see a lot of these online places advertising "no minimums" or "$5k minimums," but then when you dig into it, they have much higher requirements for actual direct purchases of physical gold within the IRA account, or they push you into some weird high-fee proof coins. I'm talking about getting actual, IRS-approved bullion – Eagles, Maples, bars, that kind of thing, held in a reputable depository, not some basement in Spokane.
Anyone here gone through the process recently with a similar amount? What kind of actual initial investment did you have to commit to get the ball rolling with decent rates on storage/fees? I'm trying to avoid getting nickel-and-dimed on commissions or annual fees, especially since I plan on holding this for the long haul. Is it still possible to get into a Gold IRA with, say, $25k to $50k as a starting point without feeling like small potatoes to these custodians?