Quick question about storage fees for my Gold IRA rollover 😬

• •Okay, so I did a Gold IRA rollover about two years ago with a decent chunk of my retirement savings – around $600k worth of physical gold and silver.
• •My main goal was wealth preservation, especially with all the economic uncertainty we've been seeing.
• •I went with one of the bigger, more reputable custodians, thinking that would minimize any surprises, but here we are.

Okay, so I did a Gold IRA rollover about two years ago with a decent chunk of my retirement savings – around $600k worth of physical gold and silver. My main goal was wealth preservation, especially with all the economic uncertainty we've been seeing. I'm a lawyer here in Philly, and while I understand contracts and fees, I'm finding myself doing a double-take on the storage costs associated with my precious metals. I went with one of the bigger, more reputable custodians, thinking that would minimize any surprises, but here we are.

My question is for those of you with Gold IRAs holding a similar amount of metal: what are you typically paying in annual storage fees? Mine feel a bit steep. I'm currently paying a flat fee that works out to something like 0.15% of the total value of my holdings, plus some administrative junk that adds another few hundred bucks. I know some places charge a flat annual rate regardless of the value, and others use a tiered percentage. I'm trying to figure out if my current setup is competitive or if I should seriously consider looking into other custodians.

I'm primarily holding American Gold Eagles and some Canadian Maples, with a small portion in silver rounds. Everything's held in a secure, insured depository, as required. I get that there are costs associated with secure storage, insurance, and audit trails, but at what point does it start eating into the preservation aspect? Has anyone successfully negotiated better rates with their custodian, especially after being with them for a few years? Any insights or experiences would be massively appreciated. I'm always looking to optimize where I can without compromising security, especially with this nest egg.