Gold IRA Custodians (2026): The Company Actually Holding Your Account
Who holds your account, what they charge, and how to check them.
On This Page
What a Custodian Does
A gold IRA involves three parties: a dealer that sells metals, a custodian that administers the self-directed IRA, and a depository that stores the metal. The custodian is the IRS-approved bank or trust company that holds your account, handles transfers, executes purchases and sales on your instructions, keeps records and sends tax forms.
The tax code's exception for IRA bullion depends on a bank or approved non-bank trustee holding it, according to the IRS.
| Party | Role | Typical Charges |
|---|---|---|
| Dealer | Sells and buys back metals | Spread on each trade |
| Custodian | Holds and administers the IRA | Setup, yearly, wire and transaction fees |
| Depository | Stores and insures metals | Yearly storage |
Custodians Used by Companies We Review
| Company | Custodian(s) |
|---|---|
| Augusta Precious Metals | Equity Trust |
| Patriot Gold Group | STRATA Trust, Equity Trust (reported) |
| Preserve Gold | Goldstar, Horizon (reported) |
Typical Fees
Custodian fees are usually flat. Augusta's published schedule includes a $50 setup and $125 yearly custody fee; Noble Gold lists the same $50 and $125. Storage is billed separately.
Why Your Custodian Matters
When dealers fail, custodian records are your proof of what you own. In the Regal Assets case, regulators alleged customer funds were misappropriated. Check custodian and depository statements after every purchase.
Questions to Ask a Custodian
- Are you a bank or IRS-approved non-bank trustee?
- What are your setup, yearly and transaction fees?
- Which depositories do you use?
- How do I see a list of my metals?
- What are your distribution and closing fees?
Getting Started
Most gold IRA companies help you open the custodian account. Our top pick, Augusta Precious Metals, works with Equity Trust; our budget pick Noble Gold handles the paperwork for IRAs from $20,000.
Frequently Asked Questions
Do I Need a Custodian for a Gold IRA?
Yes; a bank or approved trustee must hold the account.
Is the Dealer My Custodian?
Usually not; dealers and custodians are separate companies.
What Do Custodians Charge?
Often a setup fee and yearly fee, such as $50 and $125.
Can I Change Custodians?
Yes, through a transfer, though fees may apply.
Precious metals prices can fall as well as rise, and a gold IRA carries setup, custody and storage fees. This page is general information, not financial, tax or legal advice. Consider speaking with a licensed financial professional before moving retirement savings.
Choose the Right Team
Get Augusta's free checklist for choosing a gold IRA company and custodian.