Platinum IRA storage fees - what's normal?

Sharon Evans

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🔲 Platinum IRA

Platinum IRA storage fees - what's normal?

sharon_evans💰Established (100-250k)

about 3 hours ago

Key Takeaways

•Made my first big leap with about $100k, and I'm pushing $220k now, so feeling pretty good about it.
•Lately, though, I've been thinking about adding some platinum to the IRA mix, just to spread things out a bit more.
•My Gold IRA custodian charges me a pretty standard $225-$250 flat annual fee for segregated storage.

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Okay, so I've been in a Gold IRA for about six years now, mostly focusing on gold and silver because that's what I heard the execs at the office talking about years ago. Made my first big leap with about $100k, and I'm pushing $220k now, so feeling pretty good about it. I'm based in Tulsa, working as a secretary for an oil company, and honestly, listening to the higher-ups talk diversified my thinking way more than I ever expected. Lately, though, I've been thinking about adding some platinum to the IRA mix, just to spread things out a bit more.

My Gold IRA custodian charges me a pretty standard $225-$250 flat annual fee for segregated storage. I know some of you guys do commingled for cheaper, but I just feel better knowing my ounces are my ounces, you know? It's a small price to pay for that peace of mind, especially when you're talking about a six-figure investment. My question is, does this fee scale up if you hold platinum too? Or is it usually just a flat fee for all precious metals in the IRA, regardless of the specific metal?

Anyone out there with a significant Platinum IRA holding? Did your storage fees jump once you added platinum, or did it stay within the same ballpark as your gold/silver? I'm trying to figure out what to expect before I pull the trigger on a purchase. Platinum's obviously a bit pricier per ounce than gold right now, and I'm just wondering if that translates into higher storage costs for the same value of metal, or if it's strictly based on the number of accounts/allocated space, regardless of the metal contained within.

I'd appreciate any insights you all have. Don't want any nasty surprises when I get that first annual statement after diversifying into platinum. Thanks!

3 comments

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Best Answer▲ 10 upvotes

james_wilson👑Elite (1m-5m)

Hey, congrats on the gains, that's awesome! While platinum can be interesting, and yeah, it is a precious metal, it's worth remembering it often behaves a bit differently than gold and silver. Diversifying is smart, but maybe think about platinum's industrial demand vs. its safe-haven appeal compared to the others. Might not always track the same. Have you looked into that aspect much?

Comments (3)

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

Totally get this. I got into a Gold IRA a few years back with primarily gold and silver, and when I decided to dip my toes into platinum, the storage fees definitely caught me off guard. It was a noticeable jump from what I was used to for just the gold and silver. Had to do some serious digging to figure out what was standard. Good luck figuring it out!

mark_adams👑Elite (1m-5m)Real Investor•less than a minute ago

Congrats on the growth! That's awesome to hear.

You mentioned you've been in a Gold IRA for about six years, mostly focusing on gold and silver. Did you ever consider adding platinum or palladium in those initial years, or was it purely gold/silver from the jump?

james_wilson👑Elite (1m-5m)Real Investor✓ Verified•less than a minute ago

Hey, congrats on the gains, that's awesome! While platinum can be interesting, and yeah, it *is* a precious metal, it's worth remembering it often behaves a bit differently than gold and silver. Diversifying is smart, but maybe think about platinum's industrial demand vs. its safe-haven appeal compared to the others. Might not always track the same. Have you looked into that aspect much?

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