Palladium IRA storage fees got me scratching my head
- •What I’m trying to get a handle on are the storage fees for Palladium.
- •It seems like a lot of places lump it in with gold and silver, but is there usually a premium for storing palladium specifically?
- •Some of these online calculators are giving me numbers that just feel a little…fuzzy.
Alright, so I’ve been looking into setting up a Palladium IRA, mostly because I like the idea of diversifying beyond just gold and silver, and the industrial demand for palladium seems pretty solid. I’ve been in the casino industry out here in Vegas for like 25 years, so I understand risk and how to play the odds, which is why I’m looking at different metals. My current Gold IRA is doing alright, sitting around $180k, but I’m thinking about carving out about 10-15% of my overall retirement portfolio for palladium.
What I’m trying to get a handle on are the storage fees for Palladium. It seems like a lot of places lump it in with gold and silver, but is there usually a premium for storing palladium specifically? Some of these online calculators are giving me numbers that just feel a little…fuzzy. I’m used to transparent fee structures, not something where I feel like I’m going to get hit with an unexpected rake. I'm looking at holding around $20k-$30k in palladium initially.
Anyone here have experience with palladium IRA storage? Are there specific depositories that are better or worse in terms of transparency or cost? I’m trying to avoid any surprises down the line. I’m thinking about going with a separate custodian for the palladium just to keep things clean, but if there's a good argument for keeping it with my current gold IRA custodian, I'm all ears. Any insights would be appreciated!