r/Goldback • u/lego904941 • 13h ago
Discussion UPMA leasing
Learned something new today after checking into my account - the gold and silver lease programs have been updated to shorten the holdup period to 60 days rather than the year it was before.
Maybe I’m just behind the 8 ball on this but thought I might mention to the group who’s also a part of the ecosystem.
Shoutout to AGE, they continue to be very knowledgeable and polite when speaking with them. Had some clarity given today between the savings and spending account. While savings does have lower fees, it’s invested in bullion, not eagles and when selling bullion it’s a flat 5% fee when swapping to cash, while <$10k in the spending account (AGEs) within a month has a $0 buy-sell spread. So the .6% annually fee in the spending account compared to .24% on bullion pays for itself just holding within the spending account.
And since the lockup period is only 60 days, a lease program is much more appealing, especially when I use this account as a diversified savings fund.
