Fidelity offers a range of products and services that enable investors to buy gold. This includes 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. Fidelity offers investors the opportunity to purchase precious metals1 as part of a diversification strategy.
We offer trading in precious metals, bars and coins in gold, silver, platinum and palladium. When trading precious metals, Fidelity only acts as an intermediary. We have no inventory of precious metals, and Fidelity does not buy or sell by taking up positions in the market. We send your orders directly to the precious metals investment companies we use FideliTrade or ScotiamocattaTM, which buy and sell for us on the precious metals market. Yes, Fidelity users can buy gold, silver, platinum, and palladium directly through the online broker.
Larger funds in this sector include the VanEck Vectors Gold Miners ETF (GDX), the VanEck Vectors Junior Gold Miners ETF (GDXJ) and the iShares MSCI Global Gold Miners ETF (RING). Gold futures are a good way to speculate on the rising (or falling) price of gold, and you could even accept a physical delivery of gold if you want, even though physical delivery doesn’t motivate speculators. This is one of the reasons why legendary investors like Warren Buffett are warning against investing in gold and are instead advocating buying cash flow companies. If you don’t want to bother owning physical gold or dealing with the fast pace and margin requirements of the futures market, buying an Exchange Traded Fund (ETF) that replicates the commodity is a good alternative.
The company’s flagship gold investment fund, Fidelity Select Gold Portfolio (FSAGX), distributes around 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. These include major gold ETFs such as SPDR Gold Trust (GLD), iShares Gold Trust (IAU) and SPDR Gold MiniShares Trust (GLDM). Certain types of gold coins, gold bars, platinum coins, platinum bars, silver coins, silver bars and palladium bars are among the permitted types. In this case, it is best to focus on gold mining and exploration companies that benefit from extracting gold from the ground and selling it at market prices.
This is in contrast to owners of a company (such as a gold mining company), where the company can produce more gold and therefore more profit, which drives up investment in that business. Birch Gold Group experts give you simple, step-by-step instructions on how to convert an existing retirement account into a Precious Metals IRA. Three of the largest ETFs include SPDR Gold Shares (GLD), iShares Gold Trust (IAU), and Aberdeen Standard Physical Gold Shares ETF (SGOL). In contrast, owners of a company — such as a gold miner — can benefit not only from rising gold prices, but also from the company increasing its profits.
