Platinum storage fees got me scratching my head

• •So I finally pulled the trigger and rolled over a chunk of my old 401k into a Precious Metals IRA, specifically leaning into platinum.
• •I put about $75k into it, and honestly, I'm feeling pretty good about that decision for the long haul.
• •What I'm less thrilled about, and frankly a little confused by, are these storage fees.

So I finally pulled the trigger and rolled over a chunk of my old 401k into a Precious Metals IRA, specifically leaning into platinum. As a small business owner here in Denver, I've seen enough economic uncertainty to want some tangible assets, and the unique position of platinum for industrial use felt like a smart diversification play. I put about $75k into it, and honestly, I'm feeling pretty good about that decision for the long haul.

What I'm less thrilled about, and frankly a little confused by, are these storage fees. My custodian is charging a flat annual fee, which seems… fine? But then when I was looking at their fee schedule again, I saw some tiered options as well. It's not a huge amount, maybe a few hundred bucks a year, but it still feels like money out the door. Is a flat fee generally better than a percentage of assets for a portfolio my size? I'm trying to figure out if there's a point where a percentage would actually be cheaper, or if it really just depends on the custodian and their specific structure.

This is all pretty new territory for me, I'm used to just seeing whatever my 401k charges and not really thinking about it. Any other platinum IRA holders out there have thoughts on how to compare these storage fees? What should I be looking out for, or what questions should I be asking my custodian to make sure I'm not overpaying? Would love to hear some advice from people who've been through this before.