Yes, Fidelity users can buy gold, silver, platinum, and palladium directly through the online broker. Fidelity offers a range of products and services that investors can use to buy gold. These include ETFs, individual stocks, and a retirement account that invests in gold, silver, and other precious metals. With the global economy struggling with lockdowns, shortages, wars and inflation, uncertainty has never been higher and investors are protecting themselves by investing physical gold in IRAs.
But the only way to invest in gold with your portfolio is with financial instruments made from paper gold, not real physical gold bars. You need an asset that is reliable, maintains its value, and even increases in value over time, and there is no better asset for that than gold. Fidelity is one of the largest financial services companies in the world and offers some gold options that aren’t available elsewhere. In addition, Fidelity has several commission-free ETFs that allow you to invest in gold and silver cost-effectively.
These include major gold ETFs such as SPDR Gold Trust (GLD), iShares Gold Trust (IAU), and SPDR Gold MiniShares Trust (GLDM). However, under federal law, only certain precious metal coins and bars can be purchased within an IRA. This can offer investors an easy way to buy gold without paying additional fees, but also without the security of tangible assets such as physical gold. The Fidelity Select Gold Portfolio (FSAGX) invests more than half of its assets in gold, while the Fidelity Advisor Gold Fund (FSHAX) invests more than a third of its assets in gold.
Security means knowing the economic dangers and taking steps to secure your financial future, and that’s easy to do with a Gold IRA. Fidelity also offers a number of ETFs that invest in gold and silver mining companies, allowing exposure to the metals market without having to buy physical gold. In this case, it’s best to focus on gold mining and exploration companies that profit from extracting gold from the ground and selling it at market prices. Most physical metal dealers require investors to pay a premium over the spot price of gold to buy coins or bars.
Additionally, Fidelity offers a retirement account that invests in gold, silver, and other precious metals. The company also doesn’t charge any commissions, fees, or storage costs for its gold products, as these are just digits that appear on your account. Yes, if you have a traditional IRA through Fidelity, you can invest in precious metals when you buy paper gold investments, such as stocks.
