palladium IRA storage fees - what are your custodians

Mark Adams

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palladium IRA storage fees - what are your custodians

mark_adams👑Elite (1m-5m)

about 2 months ago

Key Takeaways

•Okay, so I've been expanding my physical palladium sleeve within the IRA, adding another 100oz bar last month.
•I'm sitting on about $2.5M in precious metals across the board in that account now, mostly gold but the palladium allocation is growing.
•They’re charging around $1,500 annually for storage and insurance at this level.

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Okay, so I've been expanding my physical palladium sleeve within the IRA, adding another 100oz bar last month. My custodian, Delaware Depository, bills based on a tiered asset value, which for a chunk of palladium like that means the fee jumped a bit more than I anticipated. I'm sitting on about $2.5M in precious metals across the board in that account now, mostly gold but the palladium allocation is growing. They’re charging around $1,500 annually for storage and insurance at this level. Just curious if that's generally in line with what others are seeing?

I know some custodians do a flat fee, which might be appealing as the value continues to appreciate. Others charge a percentage. I’m thinking about the opportunity cost here. I'm in Greenwich, and frankly, a few basis points on a number like that adds up. Given the volatility in the broader market, especially with some of these tech names cooling off, the metals have been a great diversifier for my portfolio. I started this IRA a few years back with a lower six-figure amount, and it’s grown respectably, but I always want to make sure I’m not leaving money on the table with recurring overhead.

For those of you with significant palladium holdings, especially in the 7-figure range, are you finding better options? I've been with DD for a while, and the service has been fine, no complaints there. But if there’s a custodian out there offering a more competitive fee structure for high-value palladium assets, I’d definitely be interested in exploring it. Should I be pushing back on their fee structure, or is this just the going rate for insured, segregated storage of a more specialized asset like palladium?

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5 comments

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Best Answer▲ 10 upvotes

joseph_harris📊Growing (50-100k)

Interesting. While I've heard good things about Delaware Depository for security, I've always leaned towards custodians with flat-rate storage fees, especially for larger bars of precious metals. It's nice to know exactly what you're paying without it fluctuating with market movements, even if the initial percentage-based fee might seem lower for smaller holdings. That predictability really helps with long-term planning.

Comments (5)

ashley_baker💼Starter (0-50k)✓ Verified•about 2 months ago

Dude, I hear you on the tiered fees. My custodian (PMG) does something similar for my platinum. I thought I was being smart buying in increments, but then each new addition just bumps me to a higher tier. It's like a sneaky little tax on growing your stack, lol. Annoying, but comes with the territory, I guess.

mark_adams👑Elite (1m-5m)Real Investor•about 2 months ago

Interesting that Delaware Depository goes with a tiered asset value for palladium. What's the biggest jump in fees you've seen so far with that structure?

joseph_harris📊Growing (50-100k)•about 2 months ago

jason_morgan💰Established (100-250k)Real Investor✓ Verified•about 2 months ago

Hey, that's a good question. Custodian fees can really stack up, especially with higher value assets like palladium. One thing I always recommend is to double-check if your custodian offers any kind of "all-inclusive" or flat-rate storage option. While not super common in the precious metals IRA space, some do, and it can sometimes save you a bit compared to tiered value fees if you're holding a significant amount. Good luck!

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•about 2 months ago

Totally agree with you on the tiered fees being a bit of a shocker sometimes. My custodian, Equity Trust, does something similar for my precious metals IRA. They charge based on the total value of assets too, and when I added that Krugerrand last year, the quarterly fee went up just enough to make me pause and double-check the statement. It's those bumps that make you wonder what others are paying!

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