Recently, I have decided to diversify my portfolio into some precious metals.
However, I found out that the cost of holding gold and silver is really high. The website I was trying to buy from offered 0.01% monthly storage fee (min. $4 including insurance). To a retail investor that seems crazy high. My portfolio would be bleeding costs of holding the metals in no time.
Is there a way to reduce the fees? I don't need to see the physical metal, I simply want to have ownership of the metal and enjoy the capital gains, if any, in the future.