Typically, a gold IRA involves three types of fees. First, there is a one-time account setup fee, which can range from $50 to $150. Second, an annual administrative or custodial fee applies, usually between $50 and $150, depending on the account size. Finally, storage fees are charged by the depository, typically ranging from $50 to $300 per year, depending on the amount of gold stored.
It's crucial to note that these fees may be charged separately by different entities, such as the dealer, custodian, and depository. Before transferring assets into a gold IRA, it's important to obtain a comprehensive understanding of all the fees charged by each involved party.