Seriously, what are you guys paying for Gold IRA storage?

Diane Bailey

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Seriously, what are you guys paying for Gold IRA storage?

diane_bailey💰Established (100-250k)

about 8 hours ago

Key Takeaways

•Okay, so I’m really trying to get a handle on what’s normal for Gold IRA storage fees.
•With talk of inflation and who-knows-what economic currents coming next, that peace of mind is pretty valuable.
•My concern isn't about the security – that’s Fort Knox, literally – or the service, but the annual fees.

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Okay, so I’m really trying to get a handle on what’s normal for Gold IRA storage fees. I've been with Augusta Precious Metals for about four years now, and overall I'm happy with how my portfolio (mostly American Gold Eagles and some South African Krugerrands) has done. My business here in Savannah (think tours and vacation rentals) is finally seeing things pick back up after a few shaky years, and it just reinforces why having a chunk of my retirement in something tangible like gold feels right. With talk of inflation and who-knows-what economic currents coming next, that peace of mind is pretty valuable.

My concern isn't about the security – that’s Fort Knox, literally – or the service, but the annual fees. Initially, everything seemed pretty straightforward, but I sometimes wonder if I’m missing something or if I could be getting a better deal elsewhere. I've got around $180k invested in gold through the IRA, and I'm currently paying a flat fee that covers both administration and storage. It feels like a reasonable amount, but is anyone out there seeing significantly lower costs, especially those of you with established accounts?

I’m just trying to make sure I’m not leaving money on the table unnecessarily. With everything else I juggle, I haven't deep-dived into comparing custodian fees in a while. Are there hidden charges I should be watching out for if I ever considered switching? Or is a flat fee generally the way to go once your holdings cross a certain threshold? Would love to hear what others in a similar boat are experiencing. What's your sweet spot for fees on a portfolio of, say, $150k-$250k?

3 comments

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Best Answer▲ 8 upvotes

daniel_wright💎Premium (500k-1m)

Glad you posted this, I’ve been wondering the same thing! My fees with Noble Gold have been pretty consistent, but I started thinking maybe I should shop around a bit. I'm holding mostly Canadian Maples and some pre-1933, and it's good to see how others are doing. Appreciate you kicking off the convo!

Comments (3)

donna_rogers🏆Advanced (250-500k)Real Investor•less than a minute ago

Hey, quick question on your Augusta Precious Metals experience – you mentioned you're happy with your portfolio, but what about the storage fees specifically? Are they included in some kind of flat annual fee, or do they charge per ounce/value? Just trying to get a sense of their structure!

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

jason_morgan💰Established (100-250k)Real Investor✓ Verified•less than a minute ago

Interesting. While I've heard good things about Augusta, I'm personally a bit wary of companies that push one specific storage solution. It almost feels like they're limiting your options for their own benefit, you know?

I've had a much better experience using a non-affiliated depository that lets me choose my own IRA custodian. Gives me more control and frankly, peace of mind knowing there's no middleman trying to upsell me on something.

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