Is the Fidelity Gold & Precious Metals IRA Any Good?

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Gold is a valuable resource that has been used for centuries as a way to store wealth. It is often seen as a safe investment, and many people choose to invest in gold-related products. 

If you're wondering if you can invest in gold with Fidelity, the answer is yes; but there are a few things you need to know before you get started.  Fidelity offers a variety of gold-related products, including stocks, funds, and ETFs.

The problem is you can not invest in physical gold through Fidelity. Furthermore, if you are looking for ways to invest in gold, but do not want to buy paper gold or purchase Fidelity products, keep reading. 

This article will go over the best ways to invest in gold with Fidelity and give smart investors the best option if they want to protect their savings with a IRA that is allowed to hold physical gold.

Before we get started:

We understand how difficult it is to pick a company that you can trust with your hard earned savings.  That's why we create informative and useful information to give you as much knowledge as possible to make the right decision.

We created a list of our highest recommended investment companies, to make comparing and choosing the company best suited to your needs as easy as possible.

Look to see if the Fidelity was selected to our "highest recommendation" list this year!

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What Services Does Fidelity Offer?


fidelity homepage

Fidelity is one of the most respected financial institutions in America. The company offers a variety of services, including investment products, retirement planning, and more. If you're looking to invest in gold, Fidelity is one of the best places to go.

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

  • Brokerage Services

Online and offline, Fidelity provides a platform for you to buy and sell investments.

  • Customized Investing

If you have $200,000 or more in assets with Fidelity, the company offers customized investment strategies that can help improve your returns and manage your risk more effectively.

  • Wealth Management

With an individual investment of more than $200,000 and a net worth greater than $1 million (not including your primary home), you can work with a dedicated wealth manager to create a custom financial plan.

  • Retirement Planning

Fidelity offers a wide variety of retirement planning options, including individual and employer-sponsored plans.

Why Put 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.

Frequently Ask Questions about Fidelity


1. Fidelity does offer gold and other precious metals as investment options?

Fidelity offers a variety of gold-related products, including stocks, funds, and ETFs. There are several different ways to invest in "paper" gold products through Fidelity.

2. Can I open a self-directed gold IRA with Fidelity?

Unfortunately, Fidelity does not currently offer a self-directed gold IRA. However, the company does have several other options for investor retirement plans.

3. Does Fidelity offer precious metals in IRAs?

Yes, if you have a traditional IRA through Fidelity, you can invest in precious metals if you buy "paper gold" assets like stocks.

4. What type of precious metal products does Fidelity offer?

Fidelity offers ETFs and stocks for gold and silver mining companies, as well as other investment vehicles to help you gain exposure to the metals market.  Unfortunately, it does not offer physical direct investment into gold, silver, or platinum.

5. What kinds of gold products are available through Fidelity?

There are many different kinds of gold-related investment products offered by Fidelity. Some examples include stocks, funds, and ETFs related to gold.

What Gold Products Does Fidelity Offer?


fidelity website

Fidelity offers a variety of gold-related products, including stocks, funds, and ETFs.  

Some of the most popular options include:

Precious Metals


Fidelity offers gold, silver, and platinum through its Direct Investing program. You can buy these metals in a variety of ways but at the end of the day, you are still purchase "paper" gold.

Mutual Funds


Fidelity offers many mutual funds that invest in gold and silver. These funds can provide you with exposure to the metals market without having to purchase and store physical gold.

Fidelity Select Gold Portfolio (FSAGX) allocates more than half of its assets to gold, while the Fidelity Advisor Gold Fund (FSHAX) invests more than one-third of its assets in gold.

Exchange-Traded Funds


Fidelity also offers some ETFs that invest in gold and silver miners, providing exposure to the metals market without having to purchase physical gold. For example, iShares Gold Trust (IAU) is a popular gold ETF.

ETFs are beneficial because they offer greater liquidity and tax efficiency than mutual funds. Moreover, most ETFs are inexpensive to buy and sell, with many charging less than a dollar for trades.

In addition, Fidelity has several commission-free ETFs, which can be a cost-effective way to invest in gold and silver.

Individual Stocks


There are a number of individual stocks that invest in gold and silver mining companies, that you can choose from.

These stocks can provide you with exposure to the metals market without having to purchase physical gold. 

For example, Goldcorp Inc. (GG) and Newmont Mining Corporation (NEM) are two popular gold stocks.

stock market chart

Traditional IRAs


With Fidelity your retirement account can invest in gold, silver, and other precious metals, but only through paper investments like stocks and ETFs. The company offers IRA plans for both self-directed IRAs and employer-sponsored accounts.

While, Fidelity does not offer a self-directed gold IRA, there are much better companies to work with that allow you to hold physical gold in an IRA account. However, only a limited number of precious metal coins and bars can be purchased within an IRA due to federal regulations.

These are some of them:

  • Gold American Eagle Coin – 0.10 oz, 0.25 oz, 0.5 oz, 1 oz
  • Gold American Buffalo Coin – 1 oz
  • Silver American Eagle Coin – 1 oz
  • Platinum American Eagle Coin – 1 oz
  • Bullion Quality Bars

What does Fidelity Charge for its Gold Products/Services?


Fidelity does not charge a commission for any of its gold-related products or services. You simply pay what you would normally pay for a stock, ETF, or mutual fund trade. In addition, Fidelity does not charge any account fees for its gold products.

You can keep your gold stocks in your IRA without paying any special fees.

Other Things to Know


  • Fidelity allows you to buy gold without paying high premiums.

With most physical metals dealers, investors need to pay a premium over the spot price of gold to buy coins or bars.

However, Fidelity charges the same price for its gold products as it does for its other products because they are paper or digital financial products, not physical precious metals.

This can provide investors with an easy way to buy gold without paying extra, but also without the safety of real tangible assets like physical gold.

  • The gold you buy through Fidelity is insured for up to $1 million by the company.

Fidelity's policy covers both your gold as well as any other property you store with the company.

  • Fidelity will not charge you any fees for liquidating your gold.

It will not charge you any penalties or commissions when you sell your precious metals stocks.

  • Fidelity is one of the largest financial services companies in the world.

It is larger than many of its competitors, and it offers several gold options that are not available elsewhere. This can be beneficial if you want to invest in gold and you don't feel comfortable buying physical metals.

  • Fidelity offers some products and services that let investors buy gold.

There are many ETFs and other types of products you can invest in without having to buy physical metals. In addition, Fidelity offers a retirement account that invests in gold, silver, and other precious metals.

The company also does not charge any commissions, fees, or storage costs for its gold products because they are just digits that appear in your account. Fidelity lets you buy gold at the same price as other types of investments.

Conclusion

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 Lexi Capital, you can go to there website below: