Gold IRAs

[Jack Jones]

Anyone looked into these or have any experience?

[ochotona]

I've had the Gold Star Trust Roth IRA since February 2018. They moved from Canyon TX to Amarillo TX after their parent bank was acquired by another bank.

It has been OK, but the customer service isn't like what you'll find at Schwab. There are lots of PDF fillable forms to deal with, instead of online forms, to their credit most of these can be dealt with using the docusign service that they use.

But I got assessed fees and penalties that were improperly levied against me, and I had to petition to have them removed. They have a schedule of nickel-and-dime fees. It's not a joyful thing to be their customer. Yes, I'm glad that there is absolutely no question about "does the ETF really have physical access to the gold in its vaults, or has it been loaned away?" But there is going to come a time when I want to rebalance, and when that time comes, probably above $5000 gold, I will liquidate and push the assets back to a Schwab Roth IRA. I will keep my real physical gold, and miners which are also in a Roth.

When things get super over-heated in the PM market, the miners will go too, and I will just keep the physical, and if the Dow:Gold ratio gets low enough, I will plow all of the miners proceeds into equities, and just keep whatever physical I have, and have 10%-15% gold again.

I'd shop around. You might be able to find a better physical gold IRA. Don't pay more than 0.25% expense ratio.

[Jack Jones]

I've had the Gold Star Trust Roth IRA since February 2018. They moved from Canyon TX to Amarillo TX after their parent bank was acquired by another bank.

It has been OK, but the customer service isn't like what you'll find at Schwab. There are lots of PDF fillable forms to deal with, instead of online forms, to their credit most of these can be dealt with using the docusign service that they use.

But I got assessed fees and penalties that were improperly levied against me, and I had to petition to have them removed. They have a schedule of nickel-and-dime fees. It's not a joyful thing to be their customer. Yes, I'm glad that there is absolutely no question about "does the ETF really have physical access to the gold in its vaults, or has it been loaned away?" But there is going to come a time when I want to rebalance, and when that time comes, probably above $5000 gold, I will liquidate and push the assets back to a Schwab Roth IRA. I will keep my real physical gold, and miners which are also in a Roth.

When things get super over-heated in the PM market, the miners will go too, and I will just keep the physical, and if the Dow:Gold ratio gets low enough, I will plow all of the miners proceeds into equities, and just keep whatever physical I have, and have 10%-15% gold again.

I'd shop around. You might be able to find a better physical gold IRA. Don't pay more than 0.25% expense ratio.

Thank you for sharing your experience!