Quick question on Gold IRA storage fees - what's everyone else seeing?
- •Okay, so I moved a chunk of my portfolio into a Gold IRA about 18 months ago, after cashing out of the tech company I founded back in '21.
- •We're talking a decent chunk, comfortably in the low seven figures, all set up through Augusta Precious Metals.
- •My question is about the annual storage fees.
Okay, so I moved a chunk of my portfolio into a Gold IRA about 18 months ago, after cashing out of the tech company I founded back in '21. We're talking a decent chunk, comfortably in the low seven figures, all set up through Augusta Precious Metals. For the most part, I've been pretty happy with the process – felt solid, professional, and the peace of mind knowing a good portion isn't tied to the whims of the market feels great, especially with all the chatter lately.
My question is about the annual storage fees. I'm currently paying a flat fee, which honestly, I preferred over a percentage, given the size of the holding. But now that it's been a bit, I'm just curious if that's still the standard or if I should be renegotiating or looking around. I recall them saying the flat fee was locked in, but I'm a big believer in always checking. Is anyone else here using a flat fee structure for their Gold IRA storage, or are most people on a percentage base? What are you guys paying annually, roughly?
Specifically for those with larger accounts (let's say over $500k in metals), does the flat fee still make sense, or have you found that percentage-based models become more competitive at some point? I'm in Dublin, Ohio, so I'm using a fairly standard depository (Delaware Depository, I believe), nothing exotic. Just want to make sure I'm not leaving money on the table for what's essentially a commodity storage service. Every bit counts, right?