Yes, Fidelity users can buy gold, silver, platinum, and palladium directly through the online broker. We will review the gold and gold-related products offered by Fidelity, as well as their policies and fees. The company’s flagship gold investment fund, Fidelity Select Gold Portfolio (FSAGX), allocates around 80% of its capital to companies involved in the gold business, with up to 25% of its capital flowing directly into gold and other precious metals. 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.
But unlike many of its competitors, Fidelity actually allows investors to buy precious metals, such as gold, in their portfolio. 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. Fidelity calculates a fixed percentage for each gold trade, which is based on the buy or sell price of the order. Fidelity offers clients a retirement account option where gold and precious metals can be held.
As a full-service broker, Fidelity customers can buy individual stocks to give them exposure to gold and precious metals. If you read the extremely fine print here, you’ll notice that Fidelity will forward your order to an affiliated company, Fidelitrade, rather than selling you physical precious metals. Fidelity offers investors the opportunity to purchase precious metals1 as part of a diversification strategy. Unlike most other online brokers, Fidelity offers investors physical gold and precious metals options.
These include major gold ETFs such as SPDR Gold Trust (GLD), iShares Gold Trust (IAU), and SPDR Gold MiniShares Trust (GLDM). Before you buy gold or other precious metals through Fidelity, it’s important to understand a few other regulations.
