Storage fees for Gold/Silver IRA - what's normal?

Sharon Evans

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🥈 Silver IRA

Storage fees for Gold/Silver IRA - what's normal?

sharon_evans💰Established (100-250k)

about 8 hours ago

Key Takeaways

•Just trying to get a feel for what everyone else is paying on storage fees for their physical Gold/Silver IRA.
•Learned a ton from them about protecting assets, especially with so much uncertainty these days.
•I'm based here in Tulsa, and honestly, finding good, reliable info locally can be a bit of a pain.

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Just trying to get a feel for what everyone else is paying on storage fees for their physical Gold/Silver IRA. I've got a decent chunk, maybe around $180k now, mostly gold but some silver too that I started rolling over a few years back when I saw some of the execs at the oil company I work for doing it. Learned a ton from them about protecting assets, especially with so much uncertainty these days.

My current custodian is charging a flat annual fee, which felt okay when my portfolio was smaller, but now that it's grown, I'm wondering if a percentage-based fee might have been better or if I should look into switching. I'm based here in Tulsa, and honestly, finding good, reliable info locally can be a bit of a pain. My current setup feels a little opaque on the exact breakdown, and I'm always second-guessing if I'm getting the best deal or just paying for convenience.

For those of you with Gold/Silver IRAs, what kind of storage fees are you seeing? Flat fee? Percentage of asset value? What "should" I be paying for around a $180k-$200k portfolio? Any specific custodians you'd recommend or warn against regarding fees? I'm trying to optimize every aspect, especially with tax implications down the road. I even used that Tax Calculator tool a few weeks ago to get a clearer picture of potential future withdrawals, and it was a bit of an eye-opener.

It's always a balancing act, right? You want to make sure your investments are secure, but you don't want those fees to eat into your returns too much. Thoughts?

3 comments

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Best Answer▲ 7 upvotes

patricia_miller📊Growing (50-100k)

You know, while everyone is talking percentages, I've actually seen a lot of places offer flat fees, especially once you hit a certain value. Might be worth asking your current custodian if that's an option or if another provider offers it. Could end up saving you a good chunk compared to a percentage as your holdings grow.

Comments (3)

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

Hey, I hear ya on the storage fees. I'm in a similar boat, though smaller potatoes around $70k in gold. My fees initially felt kinda high, like around 0.8% annually, but I shopped around a bit and got it down to closer to 0.5% with a different custodian. It def pays to compare, especially with a larger chunk like yours!

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

Hey, that's a good question. I'm actually curious about your "decent chunk" of silver. What percentage of your overall IRA is silver vs. gold? I've been debating adding some silver to my own, but I'm not sure if it makes sense with a higher value account like yours.