Thinking about storage fees for my Palladium IRA - what's fair?

Jason Morgan

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Thinking about storage fees for my Palladium IRA - what's fair?

jason_morgan💰Established (100-250k)

about 5 hours ago

Key Takeaways

•Got about $180k invested in palladium, all through a Gold IRA company based out of Delaware.
•Been with them for about three years now.
•The annual storage fee is a flat 0.75% of the total asset value.

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I've been looking closer at the storage fees for my Palladium IRA and honestly, I'm starting to wonder if I'm getting a fair shake or if there's room to negotiate. Got about $180k invested in palladium, all through a Gold IRA company based out of Delaware. Been with them for about three years now. The annual storage fee is a flat 0.75% of the total asset value. On one hand, I get it – it's a specialized, high-security vault, not some bank safe deposit box. And with palladium prices being what they are, that's a decent chunk of change each year.

My big concern is that as my investment grows (hopefully!), that 0.75% is just going to keep increasing proportionally. I'm a military contractor here in Jacksonville, security is always top of mind for me, so I’m not really looking to move the actual metals much closer to me, like some local unregulated vault. It's more about the fee structure itself. Has anyone with a similar portfolio size (say, $100k-$250k range) been able to negotiate a lower percentage fee, or maybe switch to a flat fee once you hit a certain asset value? Or is 0.75% pretty standard in this tier for segregated storage?

I'm trying to figure out if this is just the cost of doing business with a specialized asset like palladium, or if I should put on my negotiation hat. I've heard some people talk about scale discounts. Like, if you have a larger portfolio, they might be more willing to budge. Would love to hear some real-world experiences here. What are you guys paying for your Palladium or Gold IRA storage, especially if you're in a similar investment bracket?

5 comments

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Best Answer▲ 9 upvotes

david_brown💎Premium (500k-1m)

Oh man, I totally get this. I had a similar "aha!" moment when reviewing my statement last year for my silver IRA. I'd just let it ride for a while and wasn't really paying close attention to the fee structure. Ended up switching custodians because I found one with significantly lower storage fees for the same insured, segregated storage. Definitely worth looking into other options if you feel like you're overpaying!

Comments (5)

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

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

Hey, that's a good question. $180k in palladium is a decent chunk of change. Out of curiosity, are you storing it segregated or unsegregated? I know fees can sometimes differ based on that, especially at higher values.

betty_king📊Growing (50-100k)•less than a minute ago

Hey, I hear you on the storage fees. It's definitely something to keep an eye on. But honestly, with $180k in a Palladium IRA, focusing too much on squeezing pennies on storage might be missing the forest for the trees. The price swings in palladium can easily dwarf any storage fee savings in a single day. Maybe better to put that energy into monitoring market trends or diversifying a bit if you're feeling uneasy with the current setup?

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

Hey, good question! Storage fees can definitely eat into your returns over time. One thing to keep in mind is that separate storage for palladium (and other precious metals) is generally a good idea for security and insurance purposes, rather than commingled storage. It usually costs a bit more but offers better protection.

You might want to check out this article on what to look for in a precious metals depository; it touches on fee structures and security protocols, which could help you benchmark your current situation: https://www.forbes.com/advisor/investing/what-is-a-gold-depository/

joseph_harris📊Growing (50-100k)•less than a minute ago

Dude, I totally get where you're coming from. My Gold IRA is about the same size, around $175k, and my storage fees are roughly 0.75% annually. I've always thought that was pretty standard for segregated storage. Anything over 1% would probably make me start looking elsewhere, especially for something as dense and easily stored as palladium.

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