Fidelity Gold & Precious Metals IRA Review

Fidelity Gold & Precious Metals IRA Review: A Comprehensive Guide to Investing Safely with Gold IRA Fidelity

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If you're like many investors looking for a safe and reliable way to grow your retirement savings, you've probably heard of a gold IRA.

Specifically, you might be curious about Fidelity gold IRA, if it is one of the top gold IRA companies out there. Fidelity is known to offer a variety of gold-related products, including stocks, funds, and ETFs. 

In this article, we'll dive deep into what makes Fidelity's gold IRA offerings unique and why investing in precious metals could be a smart move for your financial future. So, let's get in to it.

Before we get started:

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three gold coins

What is a Gold IRA?

A Gold Individual Retirement Account (IRA) is not just another retirement account; it's a specialized type of individual retirement account that offers you the unique opportunity to invest in gold and other precious metals like silver, platinum, and palladium.

Now, you might be wondering, "Why would I want to invest in precious metals?" Well, the answer is simple: precious metals have historically been a reliable store of value.

They offer a hedge against inflation and economic uncertainty, which is something that traditional investment options like stocks and bonds can't always provide.

In a gold IRA, you're not limited to paper assets; you can hold physical gold, including gold bars, gold coins, and even the highly sought-after gold American Eagle coin. This is a significant advantage because holding physical precious metals gives you a tangible asset that you can see and touch.

It's not just a number on a screen; it's a physical asset that has intrinsic value. This is particularly comforting during times of economic uncertainty when the value of paper assets can fluctuate wildly.

Moreover, a gold IRA allows you to diversify your retirement savings. While traditional IRAs and 401(k) plans often limit your investment options to mutual funds, stocks, and bonds, a gold IRA opens up a new world of possibilities. 

You can invest in gold, yes, but you can also invest in silver, platinum, and palladium. This diversification can be a lifesaver when traditional markets are underperforming.

Why Choose Fidelity for Your Gold IRA?

fidelity homepage

Fidelity Investments, also known as Fidelity, was founded in 1946 by Edward C. Johnson II in Boston, Massachusetts. It started as a mutual fund company and has since grown into a multinational financial services corporation, one of the largest asset managers in the world.

Fidelity expanded its services over the years to include discount brokerage services, retirement services, wealth management, cryptocurrency, and other financial products, establishing itself as a key player in the global finance industry. 

If you're looking to invest in gold, Fidelity is one of the options to go to, but mostly because people don't know that there are better companies to work with.

It offers a wide variety of products to help you manage your finances. For example:

Expert Customer Service

  • Fidelity is renowned for its customer service. When you decide to open a gold IRA with them, a dedicated Fidelity representative will guide you through every step of the process. They can help you understand the nuances of precious metals investing and how to optimize your retirement accounts.

Wide Range of Investment Options

  • Fidelity offers a plethora of investment options, including many mutual funds and exchange-traded funds (ETFs) that focus specifically on gold and precious metals. This variety allows you to tailor your investment strategy to meet your specific needs and risk tolerance.

Educational Resources

  • Fidelity provides a wealth of educational resources to help you make informed decisions. Whether you're a beginner or an experienced investor, you'll find valuable insights and advice that can help you navigate the world of gold investments.


  • Fidelity takes the security of your investments seriously. They have stringent measures in place to protect your assets, ensuring that your precious metals are stored securely.


  • With Fidelity, you're not just limited to a gold IRA. They offer a range of retirement accounts, including 401(k)s and self-directed IRAs, giving you the flexibility to choose the best fit for your financial goals.

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Why Invest Gold in Your IRA?

Individual Retirement Accounts (IRA) protect your retirement as well as your family's financial security. These special accounts allow you to set aside tax protected savings that you can use in the future. 

With these long term accounts it's important to allocate a significant portion to assets that are solid and reliable, so you have a secure future.

a couple listening to a financial advisor

You can have cash in an IRA, but that is devaluing at a rapid pace and inflation is out of control

You need an asset that's reliable, retains it's value, and even increases in value over time, and there is no better asset for this than gold.

With the world's economy struggling through lockdowns, shortages, wars, and inflation, uncertainty has never been higher and investors are protecting themselves by placing physical gold in IRA's.

A gold IRA investment prospers from these crisis that negatively affect most other assets.

Risk is knowing the economic dangers and doing nothing to protect yourself and your family.

Safety is knowing the economic dangers and taking action to ensure your financial future, and this is easy to do with a gold IRA.

gold bars and coins

Features of the Fidelity Gold IRA

When you open a Fidelity gold IRA, you'll quickly realize that it offers much more than just the ability to hold physical gold. Here are five standout features that make Fidelity's gold IRA a compelling choice:

Physical Precious Metals

One of the features of a Fidelity gold IRA is the option to hold physical precious metals. You can hold gold bars, gold coins, and even specific types of coins like the gold American Eagle coin. This gives you a tangible asset that can act as a hedge against economic uncertainty.

Diverse Investment Options

Fidelity's gold IRA is not just about gold; it's about precious metals. This means you can diversify your portfolio by investing in silver, platinum, and palladium, in addition to gold. You can invest in gold directly or gain exposure through gold mutual funds, gold stocks, and even gold mining companies.

Trading Platform

Fidelity offers a robust trading platform that allows you to trade precious metals. This is a unique feature that not all gold IRA providers offer. If you're interested in trading precious metals, Fidelity has you covered.

Reasonable Fees

Fidelity is transparent about its fees, which are quite reasonable compared to other providers. They offer a clear breakdown of any annual fees, transaction fees, and any other charges that might apply. This transparency is crucial when you're planning for long-term investments like a gold IRA.

Tax Benefits

Just like with traditional IRAs, the earnings in your Fidelity gold IRA grow tax-deferred. This means you won't have to pay taxes on your gains until you start making withdrawals during retirement. This can be a significant advantage when you're planning for your financial future.

many gold coins

How to Open a Fidelity Gold IRA: A Step-by-Step Guide

Opening a Fidelity gold IRA is a straightforward process, but it's essential to have all your ducks in a row. First, gather your identification documents, including your ID and Social Security number. These are crucial for any financial transactions involving individual retirement accounts, including gold IRAs.

Rollover Options

If you already have an existing retirement account, Fidelity makes it easy to roll it over into your new gold IRA account. This is a great way to consolidate your retirement savings and take advantage of the tax benefits that come with a precious metals IRA.

Buying Precious Metals

Once your account is set up, you can start investing directly in a variety of precious metals. Fidelity offers precious metals sales, allowing you to buy gold bullion, gold American Eagle coins, and even platinum coins.

The ability to hold physical gold bullion in your IRA is a feature that sets Fidelity apart from other providers like Birch Gold Group.

many gold coins and bars

Fees and Charges: What to Expect

Before you start buying gold or other precious metals, it's crucial to understand the fees associated with a Fidelity Gold IRA.

Annual Maintenance Fees

There's an annual fee for maintaining your gold IRA account, which covers the costs of secure storage and other administrative tasks.

Transaction Fees

When you buy or sell gold, expect to incur transaction fees. These fees can vary depending on the type of precious metal you're trading. Always consult a financial advisor to understand the full scope of fees and how they might impact your gold portfolio.

Investment Options: Diversify Your Portfolio

Fidelity offers a plethora of investment options, making it one of the best gold IRAs out there.

Physical Gold and Paper Gold

You can invest in both physical gold and paper gold. Physical gold includes gold bullion and gold coins, while paper gold includes gold mutual funds and exchange traded funds (ETFs).

Gold Mining Stocks

If you're interested in diversifying further, Fidelity also provides options for investing in gold mining stocks. This is an excellent way to gain exposure to the gold industry without holding the physical asset.

Other Precious Metals

Fidelity doesn't just offer gold; you can also invest in silver, platinum, and palladium. This is a great way to diversify your precious metals IRA.

Tax Benefits and Implications: Know the Rules

One of the significant advantages of a gold IRA is the tax benefits. Your investments grow tax-deferred in individual retirement accounts, meaning you won't pay taxes until you make withdrawals during retirement.

However, there are tax implications if you decide to sell gold or trade gold within your IRA. For more information you can read our Gold IRA Tax Rules article.  And it's important to remember, always consult a financial advisor to navigate these complexities.

Risks and Considerations

Investing in a gold IRA is generally safe, but it's not without risks.

Market Volatility

The value of gold and other precious metals can fluctuate. This is something to consider when investing directly in physical metals or gold stocks.

Storage Costs

Holding physical gold bullion or gold coins in an IRA requires secure storage, which can incur additional fees. Fidelity has stringent security measures to ensure your investments are safe, but it's essential to factor these costs into your investment strategy.

Customer Support and Resources

Fidelity is renowned for its customer service, and it's not hard to see why. They offer a comprehensive range of online resources, including market trends and analysis, that are specifically designed to help you make informed decisions about your gold IRA.

Whether you're looking to purchase precious metals for the first time or you're considering diversifying your existing retirement account into a self-directed IRA, Fidelity has got you covered.

The company provides a dedicated Fidelity representative for each gold IRA account holder, ensuring personalized service. This is particularly beneficial for those who are new to the world of precious metals and gold fidelity.

Whether you're a newbie or an experienced investor, Fidelity's customer support can guide you through the complexities of investing in precious metals, from understanding the nuances of a mutual fund that focuses on gold to selecting the right gold portfolio for your investment needs.

They even offer tutorials and webinars on various investment products, making it easier for you to navigate the often complex world of gold and precious metals investing.

Security Measures

When you invest in a Fidelity gold IRA, you can rest easy knowing that your investments are secure. Fidelity has security measures in place to protect not just your physical precious metals but also other assets like individual stocks that you might hold in your account. These measures are compliant with the guidelines set by the Securities and Exchange Commission, ensuring that your investment is in safe hands.

Fidelity uses state-of-the-art technology to safeguard your assets, from encrypted data storage to multi-factor authentication. So, whether you're investing in a select gold portfolio or diversifying into other investment products, you can be confident that Fidelity's security protocols are top-notch.

They also conduct regular audits and reviews to ensure that all security measures are up-to-date, giving you one less thing to worry about as you focus on growing your gold and precious metals investments.

Market Trends and Analysis

Keeping an eye on market trends is crucial when investing in gold and precious metals. Fidelity offers resources that can help you understand these trends, allowing you to make informed decisions about when to buy gold, hold gold, or even sell gold. Their market analysis tools are top-notch, providing insights that can help you optimize your gold portfolio.

Fidelity's platform offers real-time market data and advanced analytics tools that can help you track the performance of your gold investments, as well as other assets like individual stocks. Whether you're interested in short-term trading or long-term investment, their market trend reports and analysis can offer valuable insights. For instance, if you're looking to invest in a self-directed IRA that includes a mix of gold, precious metals, and perhaps some mutual funds, understanding market trends can be invaluable.

Their tools can help you identify the right time to diversify your portfolio or when to increase your holdings in gold fidelity. By staying informed through Fidelity's comprehensive market analysis, you're better equipped to make decisions that align with your financial goals.

Frequently Asked Questions

Does Fidelity offer precious metals other than gold for IRAs?

Yes, Fidelity does offer precious metals other than gold for investment in IRAs. While the focus of this article was primarily on gold IRAs, Fidelity also provides options for investing in silver, platinum, and palladium. These can be a part of self-directed IRAs, giving you more control over your investment choices.

What is the minimum initial investment for a Fidelity Gold IRA, and are there any special options like Fidelity Select Gold or Gold ETFs?

The minimum initial investment for opening a Fidelity Gold IRA varies depending on the type of investment you choose. For example, if you're interested in mutual funds, the minimum might differ from that of gold ETFs. Fidelity does offer specialized investment options like Fidelity Select Gold, which focuses on companies engaged in gold-related activities. Gold ETFs are also available, providing another avenue for investment. It's best to consult with an investment advisor to determine which option suits your financial goals.

Can I switch from a traditional IRA to a Gold IRA at Fidelity, and what gold options are available?

Yes, you can roll over your traditional IRA into a gold IRA at Fidelity. This process allows you to diversify your retirement savings by including gold options. Fidelity offers a variety of gold investment options, including physical gold, gold mutual funds, and gold ETFs. These options enable you to tailor your investment strategy according to your risk tolerance and financial objectives.


Fidelity offers a number of products and services that allow investors to buy gold. These include ETFs, individual stocks, and a retirement account that invests in gold, silver, and other precious metals.

The company does not charge any commissions or fees for its gold products. In addition, Fidelity does not charge any account fees.

But the only way you can get exposure to gold with your portfolio is with "paper" gold financial instruments, not with real tangible physical gold bullion. 

Fidelity is one of the largest financial services companies in the world, and it offers some gold options that are not available elsewhere.

This makes it a good choice for investors who want to buy gold but do not want the safety of buying physical precious metals. 

Fidelity is an ok company, but they are not the best choice for investing in precious metals, other companies we have written about on this website.

They are definitely not the best option for investors that want to protect their savings with an IRA that is allowed to hold physical gold bullion.

There are much better options like the ones we recommend on our Top Gold IRA Companies List.

You can get a Free Gold Investors Guide from our top gold and precious metals company recommendation by clicking the link above or you can read our article of the top companies we reviewed this year:

>> CLICK HERE to read our list of the Top Gold IRA Companies. <<

Or, if you like what you have read about Fidelity, you can go to there website below: