Fidelity offers investors the opportunity to purchase precious metals1 as part of a diversification strategy. Fidelity offers ETFs and stocks for gold and silver mining companies, as well as other investment vehicles such as a Gold Investment Account to help you expose yourself to the metals market. Unfortunately, it doesn't offer direct physical investments in gold, silver or platinum. Fidelity Select Gold Portfolio (FSAGX) allocates more than half of its assets to gold, while the Fidelity Advisor Gold Fund (FSHAX) invests more than a third of its assets in gold. If you're wondering if you can invest in gold with Fidelity, the answer is yes, but there are a few things you should know before you start.
These funds can provide you with exposure to the metals market without having to buy or store physical gold. With the global economy struggling against blockages, scarcity, wars and inflation, uncertainty has never been higher and investors protect themselves by placing physical gold in IRAs. You can buy these metals in a variety of ways, but at the end of the day, you're still buying paper gold. These include ETFs, individual stocks, and a retirement account that invests in gold, silver and other precious metals.
Yes, if you have a traditional IRA through Fidelity, you can invest in precious metals if you buy paper gold assets, such as stocks. There are a number of individual stocks that invest in gold and silver mining companies, from which you can choose. This can provide investors with an easy way to buy gold without paying more, but also without the security of real, tangible assets, such as physical gold. Security is all about knowing economic dangers and taking steps to ensure your financial future, and this is easy to do with a golden IRA.
Nor does the company charge commissions, fees or storage costs for its gold products because they are just digits that appear in your account. With most physical metal traders, investors must pay a premium on the spot price of gold to buy coins or ingots. Also, if you're looking for ways to invest in gold, but don't want to buy paper gold or buy Fidelity products, keep reading. With Fidelity, your retirement account can invest in gold, silver and other precious metals, but only through paper investments, such as stocks and ETFs.
However, Fidelity charges the same price for its gold products as for its other products because they are paper or digital financial products, not physical precious metals.