Platinum IRA Custodians – Anyone got good recs, or bad experiences to warn against?
- •I’ve been eyeing up adding some platinum to my metals portfolio, specifically in an IRA.
- •Anyone here have experience specifically setting up a Platinum IRA with other custodians?
- •I’m particularly interested in hearing about fees – setup, annual maintenance, storage.
I’ve been eyeing up adding some platinum to my metals portfolio, specifically in an IRA. Currently, my gold IRA is with Augusta Precious Metals and they’ve been solid for years regarding gold, but I'm looking at my options for platinum and wanted to hear from this community.
My metals portfolio is pretty heavy on the gold side right now, probably 80% gold, 10% silver, and the last 10% is some assorted numismatic coins I picked up over the decades. I retired from ExxonMobil almost five years ago, and with the portfolio hitting around the $3.2M mark recently, I’m thinking it's time to diversify a little more into platinum. I'm based here in Houston, and while Augusta has been great for gold, I'm not sure if they're the best for platinum from a cost or storage perspective compared to some other dedicated providers. Anyone here have experience specifically setting up a Platinum IRA with other custodians?
I’m particularly interested in hearing about fees – setup, annual maintenance, storage. With my gold, I’m used to a certain structure, but I know platinum can sometimes have different storage requirements or markups. Also, any red flags to watch out for? Hidden fees, pushy sales tactics, or custodians that are difficult to work with if you ever need to take a distribution? I remember getting strong-armed years ago by a financial advisor about some high-fee mutual funds, and I’m pretty sensitive to that kind of BS now. What’s been your experience?