- 11 Jan 2023
- Bonds
- Precious Metals
- Comments: 0
Disclaimer: Many or all of the companies listed here may provide compensation to us. This is how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below.
Gold has been used for ages as a medium of exchange and a store of value. Many individuals opt to put their money into gold and other precious metals because they believe it to be a secure investment. Additionally, many investors who see the potential to make money in the market invest in gold.
If you've been considering buying gold, you may have considered investing through Fidelity. So, can you invest in gold with Fidelity? The answer is yes! But it all depends on what type of investor you are. A few different types of investors invest in gold, and each has unique needs and requirements.
Are you an investor who is looking to make a profit? If so, you may wonder how to invest in gold in Fidelity. Fortunately, there are several different options that you can choose from. Each option has different fees and limitations to consider before buying. Some options also require some additional research to be successful.
Gold stocks, mutual funds and exchange-traded funds (ETFs) are some options from Fidelity. Unfortunately, Fidelity does not allow customers to invest in actual gold.
This writing will provide insight into the key details concerning investing in gold via Fidelity. It will also evaluate various possibilities to invest in gold with the assistance of Fidelity.
Before starting, it is essential to point out that although Fidelity provides various gold products and services, we have identified the top firms that are more suitable for investing in gold. If you would like to get further details regarding these suggested companies, please continue reading.
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Gold Products and Services Offered by Fidelity
Fidelity is often regarded as one of the best American financial institutions. Investment goods, retirement planning and more are among the many services this company offers. One of the greatest locations to invest in gold is through Fidelity.
Various products and services are available to assist you in handling your own money. They include:
1. Brokerage Services
Fidelity is a brokerage company that helps investors buy, sell and hold stocks. The company offers American and international stocks, bonds, mutual funds, money market accounts and more.
2. Mutual Funds
Contrary to popular belief, not all gold investments are made in the form of an ETF or gold stocks. Mutual funds may be the best option for investors who want to diversify their portfolio with precious metals and other assets. Fidelity provides access to various mutual funds that allow investors to purchase gold.
3. Gold Stocks
The best companies for investing in gold also offer investments in gold stocks. This option is best for investors who want to hold on to physical gold in their possession. It is important to note that Fidelity does not allow its customers to purchase actual gold. Instead, the company allows you to buy stock in companies that either mine or store gold.
4. Exchange-Traded Funds
ETFs are a quick and efficient way to invest in gold. Fidelity provides certain ETFs that invest in gold and silver miners, offering exposure to the metals market without needing to acquire physical gold. One such gold ETF is the iShares Gold Trust (IAU).
The advantages of ETFs include more liquidity and lower tax implications than mutual funds. Additionally, the transaction costs associated with buying and selling most ETFs are low, with many ETFs having transaction costs of less than a dollar.
Moreover, Fidelity offers a number of exchange-traded funds (ETFs) that trade without a commission, making gold and silver investments more affordable.
5. Individual Stocks
Individual stocks investing money into gold and silver mining firms are readily available at Fidelity. You may gain exposure to the metals market through these equities without buying gold. Newmont Mining Corporation (NEM) and Goldcorp Inc. (GG) are two examples of well-known gold stocks.
6. Precious Metals
Fidelity does not allow customers to invest in physical gold, but there are some options for buying gold through the company. Fidelity offers various precious metals, including gold, silver and platinum, for purchase through its Direct Purchase program.
7. Traditional IRAs
Gold and other precious metals can be invested through your Fidelity retirement account, but only through paper investments like stocks and ETFs. The firm's IRA offerings cater to self-directed IRAs and employer-sponsored IRAs.
To hold actual gold in an IRA account, you'll need to engage with a different company than Fidelity because it doesn't provide this service. Nonetheless, federal restrictions restrict IRA holders from buying more than a specific amount of precious metal coins and bars.
Why Putting Gold in Your IRA Is a Great Idea?
Putting gold in your IRA can be a great option for diversifying your retirement portfolio. Gold has a reputation as a reliable and stable asset, and it can provide a hedge against stock market volatility and inflation.
Historically, gold has been used to protect wealth and purchasing power over long periods. Furthermore, gold's unique characteristics make it an attractive asset class that can help balance a retirement portfolio and provide a more secure retirement savings plan.
Gold is an asset with a low correlation to other assets, meaning that gold could go up when stocks and bonds go down. This can be beneficial during economic or political uncertainty, as gold may not be affected by the same market forces that can cause other investments to lose value.
Gold may also provide some protection from inflation, as its price tends to increase as the cost of goods and services increases. Gold can also offer a hedge against currency devaluation, as its value doesn't depend on any particular currency.
Investing in physical gold through an IRA is a relatively simple process, and you can store the gold at the depository of your choice. This provides added security and peace of mind, as the gold is safeguarded by the IRS and can't be accessed by anyone else.
Furthermore, you can invest in gold without paying capital gains taxes, which can help maximize your retirement savings.
Does Fidelity Offer Any Advantage to Investors?
It's possible to acquire gold from Fidelity without paying a hefty premium. For most physical metals sellers, investors must pay a premium over the gold spot when purchasing coins or bars.
Gold products from Fidelity are priced similarly to the company's other offerings since they are financial instruments rather than physical commodities. This can give investors a simple method to acquire gold without paying a premium, but it also lacks the security of actual gold.
Instead of purchasing physical metal, investors may put their money into various exchange-traded funds (ETFs) and other products. Fidelity also has a retirement account that may be invested in precious metals like gold and silver. Because the gold products are only digits in an account, the company does not charge any commissions, fees or storage charges related to them.
Our Recommended Gold IRA Companies
Although Fidelity is generally considered a good company, they are not the most recommended choice for investing in valuable metals. In particular, they are not the ideal solution for those hoping to safeguard their funds with an IRA that permits physical gold bullion. We recommend the following companies for gold and gold IRA investments.
#1. Goldco
Goldco is one of the leading gold IRA companies in the United States, providing exceptional customer service and a wide range of gold investment options. Goldco is dedicated to helping clients diversify their retirement portfolios and protect their hard-earned savings with a gold IRA rollover.
Goldco has been in the precious metals sector for more than ten years and is a dependable partner for thousands of retirement savers nationwide. It provides safe and secure storage for gold IRA investors, allowing them to purchase and store physical gold bullion in coins or bars.
The company also offers a variety of gold IRA accounts, including traditional, Roth, SEP, SIMPLE and self-directed IRAs. Goldco helps customers understand the gold IRA process, offering expert advice and guidance every step of the way.
Goldco also offers competitive pricing on gold coins and bars, making adding gold to your retirement portfolio easy. The company charges no setup or annual fees, so you can start investing without additional costs. Goldco also provides account protection through its custodial services, which are insured and backed by the Financial Industry Regulatory Authority (FINRA).
To guarantee the greatest degree of client assistance, Goldco has put together a group of gold IRA professionals who are accessible to answer any inquiries concerning gold IRA investing. Whether you're just starting or are already an experienced investor, Goldco's staff is always available to provide knowledgeable advice and support.
Among the various gold IRA companies we suggest, Augusta Precious Metals is one of the premier ones. They are dedicated to providing a safe and secure way to invest in precious metals and have been helping clients since 2012. With Augusta, you can open an IRA with physical gold, silver, platinum, palladium and other precious metals.
They offer a wide selection of gold coins and bullion bars, which can be stored in your IRA account without tax penalties. Augusta also provides knowledgeable staff and customer service representatives to help you set up a gold IRA.
They offer competitive pricing and low commissions, making them an excellent choice for investors looking to diversify their retirement portfolio with gold. They also offer free shipping and secure storage of your precious metals.
American Hartford Gold is one of our top recommended gold IRA companies. They have been in the precious metals industry for over six years and provide a wide variety of services to their clients. American Hartford Gold provides clients a secure and convenient way to purchase, store and manage their gold investments.
Their experienced professionals know all aspects of gold investments and can help you choose the best products for your needs. They offer competitive rates, excellent customer service and various investment options.
American Hartford Gold also provides a suite of resources to help make investing in gold simpler and more profitable. Their website includes detailed information about gold IRA products, including the pros and cons of each option, as well as helpful articles and videos.
Additionally, they provide access to online tools such as their gold calculator, which helps investors estimate the total amount of gold they need to invest to reach their goals.
Furthermore, American Hartford Gold offers its clients storage solutions at multiple locations throughout the United States. They have a secure vault system monitored 24 hours a day and are insured against theft or damage. Clients can also keep their gold in their home safes.
American Hartford Gold's storage fees are among the lowest in the industry, making it an excellent option for those looking to save on storage costs.
#4. Birch Gold Group
The Birch Gold Group is one of the leading gold IRA companies in the United States. They offer comprehensive services for those wishing to invest in physical gold and other precious metals such as silver, platinum and palladium.
With over a decade of experience in the gold and precious metals industry, Birch Gold Group has a well-earned reputation for providing excellent service, competitive prices and knowledgeable staff.
At Birch Gold Group, they understand that gold and other precious metals can be a great addition to any portfolio and are proud to offer the highest quality products and services. As IRA custodians, they provide the necessary paperwork and support to open a self-directed Gold IRA. This means that you, the investor, will have complete control over your investments and decisions made with your retirement funds.
They offer a wide range of gold coins, bullion bars and other precious metals. Birch Gold Group employs a team of professional advisors who can help you open a Gold IRA and select suitable metals for your portfolio. When it comes time to make a purchase, they can provide you with a secure and convenient way.
Birch Gold Group also provides unique solutions for investors looking to diversify their portfolios. Their Precious Metals IRA allows you to hold physical metals, ETFs and stocks within the same account. This is a great way to minimize risk while still having exposure to the gold market.
If you're looking for a reliable and trustworthy gold IRA company, look no further than Birch Gold Group. With years of experience, competitive pricing and excellent customer service, you can trust them to help.
#5. Noble Gold
Noble gold is one of our top recommended companies for gold IRA investments. They have been in business since 2016, with a dedicated team of gold investment professionals and a commitment to excellence. Their state-of-the-art online platform makes it easy for customers to open and manage their gold IRA accounts.
The company has a wide selection of precious metals, including gold and silver, to choose from when investing. They offer competitive prices and no hidden fees or commissions. Noble Gold also provides customers with a free storage account, free shipping and a hassle-free buyback guarantee.
Furthermore, they have an outstanding customer service team that is available by phone 24/7 to answer any questions you may have. Overall, Noble Gold is an excellent choice for those looking to diversify their retirement portfolio.
Final Verdict
Investment in gold is a highly diversified and conservative way to conduct your financial portfolio. Gold IRA companies are built around the core belief that investing in precious metals gives you access to all of the benefits of diversification without the pitfalls that can come with other types of investments.
They also allow investors to make on-the-go purchases by providing online access to their gold IRA assets. And, because these precious metals have held their value for centuries, you know that your assets will continue to grow over time.
