Fidelity offers investors the opportunity to buy precious metals1 as part of a diversification strategy. Yes, Fidelity users can buy gold, silver, platinum, and palladium directly through the online broker. In this case, it’s best to focus on gold mining and exploration companies that benefit from extracting gold from the ground and selling it at market prices. As a full-service broker, Fidelity clients can buy individual stocks to give them exposure to gold and precious metals.
We will review the gold and gold products offered by Fidelity and their terms and fees. Birch Gold Group experts will give you simple, step-by-step instructions on how to convert an existing retirement account into a precious metal IRA. Unlike most other online brokers, Fidelity offers investors physical gold and precious metal options. The company’s flagship gold investment fund, Fidelity Select Gold Portfolio (FSAGX), allocates approximately 80% of its capital to companies that carry out gold-related activities, with up to 25% of its capital flowing directly into gold and other precious metals.
Before you buy gold or other precious metals through Fidelity, you should be aware of a few other rules. Fidelity offers its customers an option for a retirement account in which gold and precious metals can be held. Fidelity calculates a fixed percentage of each gold trade based on the purchase or sale price of the order. But unlike many of its competitors, Fidelity actually allows investors to buy precious metals such as gold in their portfolio.
These include major gold ETFs such as SPDR Gold Trust (GLD), iShares Gold Trust (IAU) and SPDR Gold MiniShares Trust (GLDM).