Yes, Fidelity customers can buy certain precious metals in an IRA. This is less of a problem if a gold IRA was only part of its overall retirement portfolio as part of a diversification strategy in which gold provides inflation hedging. We’ve researched 18 reputable companies that offer Gold IRA services and searched them for the highest consumer ratings from the Business Consumer Alliance (BCA). This is a self-governing IRA that invests in precious metals. It is often found in direct physical metals such as gold and silver or in gold-backed objects.
A gold IRA is a great way to start your retirement savings, and with Fidelity, you can invest in gold, silver, platinum, and palladium bars. A gold IRA often has higher fees than a traditional IRA or Roth IRA, which invests exclusively in stocks, bonds, and mutual funds. While Advantage Gold appeals to gold IRA investors of all types, it is particularly attractive to first-time buyers. 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.
The best way to use a Gold IRA is to use it as an accumulation tool as part of a more comprehensive, diversified investment strategy that can be achieved even without a Gold IRA. However, unlike a traditional IRA, which typically holds paper assets such as stocks, bonds, funds, ETFs, and cash equivalents, a gold IRA is set up exclusively to own physical gold or other approved metals. The company’s flagship gold investment fund, Fidelity Select Gold Portfolio (FSAGX), allocates around 80% of its capital to companies that engage in gold-related activities, with up to 25% of its capital flowing directly into gold and other precious metals. Gold has proven to be a source of steady and stable growth compared to the more volatile stock market, which is why more and more retirement investors are turning to gold IRAs.
These include major gold ETFs such as SPDR Gold Trust (GLD), iShares Gold Trust (IAU), and SPDR Gold MiniShares Trust (GLDM). The experts at Birch Gold Group give you simple, step-by-step instructions on how to convert an existing retirement account into a precious metals IRA.
