Almost all trusts and other custodial institutions list a recharacterization fee in their fee schedule. If you make a contribution to your gold IRA account but later realize it’s better that you put that money in a different IRA account, you can approach the custodian (also called the trustee) of the account and ask them to transfer what you invested to another account. This is referred to as recharacterization. To learn more about recharacterizations, you can view what the IRS writes about recharacterization online. You can also discuss this topic further with the trust company.