Storage Fees for Palladium IRA - What's a decent rate?
- •Seen a few ups and downs in the market, but having that physical asset has always made me sleep a little better at night.
- •Now, I've been looking to diversify a bit more within precious metals, and Palladium's caught my eye.
- •Thinking of shifting about 15-20% of my current 200k gold IRA value into palladium, just to spread things out a bit more.
Okay, so I've been in Gold IRAs for a while now, probably around six years or so, and it's been a solid anchor for my portfolio as a tourism business owner out here in Savannah. Seen a few ups and downs in the market, but having that physical asset has always made me sleep a little better at night. Now, I've been looking to diversify a bit more within precious metals, and Palladium's caught my eye. Thinking of shifting about 15-20% of my current 200k gold IRA value into palladium, just to spread things out a bit more.
My current Gold IRA custodian's storage fees feel pretty standard, I think it's somewhere around 0.15% for segregated storage, which isn't cheap but it's not breaking the bank. The problem is, they're not really set up for Palladium, or at least not at a competitive rate. They quoted me something considerably higher, almost double, to store Palladium separately, and it just got me thinking about other options.
So, for anyone here with a Palladium IRA, what kind of storage fees are you paying? Are there custodians that specialize in Palladium, or at least offer more competitive rates for it compared to gold or silver? I'm looking for segregated storage, obviously. Just trying to get a feel for what’s considered reasonable in the current market, especially for folks who might have a similar portfolio size. Feeling a bit out of my depth on this specific metal since most of my experience is with gold.
Also, any downsides to having my Gold and Palladium with different custodians? Logistically, it's a bit more to manage, but if the savings on storage are significant, it might be worth the extra hassle. Just want to make sure I'm not missing any hidden costs or complications when having precious metals stored in various places. Thanks in advance for any insights, always appreciate the wisdom here.