IRAs are subject to federal laws and restrictions that govern their investments in precious metals. When trading precious metals, Fidelity only acts as an intermediary. We do not hold stocks of precious metals, nor does Fidelity buy or sell by taking positions on the market. We send your orders directly to the precious metal investment companies we use, Fidelitrade or ScotiamocattatTM, which buy and sell for us on the precious metals market. A Fidelity Gold IRA works just like a traditional IRA, but instead of holding paper assets, it allows you to hold physical gold bars.
You can choose to hold a mix of gold and other precious metals, such as silver and platinum, in your IRA. Fidelity offers a Gold IRA that controls itself, giving you the flexibility to choose the types of investments you want to keep in your account. Presumably, just as he’s designing countless plans, Fidelity has developed a proprietary version of a Gold IRA that is the best fit for the company. The Gold IRA you open with Fidelity is going to be different than any other Gold IRA you’ve come across, and that’s not necessarily a good thing.
This custodian bank, which usually works with a Gold IRA company, works with the client as needed. Fidelity offers a custodial service for Gold IRA accounts. This is a type of IRA that allows investors to hold and invest in gold and other precious metals. In this overview of Fidelity’s gold IRAs, we’ll discuss everything you need to know about the giant financial services firm’s IRA options for precious metals. We highly recommend that you instead open a standalone retirement account with a specialized company like Augusta Precious Metals, which offers a genuine and flexible Gold IRA and takes care of your needs every step of the way.
Fidelity offers a wide variety of gold ETFs to choose from, making them a great option for investors looking to add gold to their portfolios. The best gold IRAs offer many benefits, including the growth potential and security that comes with a physical asset. A Fidelity Gold IRA may look good on paper, but what you actually get is a much lower quality product due to its brand strength. If you’re interested in Gold IRA for investment purposes, Fidelity Gold IRA may be a good option.
Certain types of gold coins, gold bars, platinum coins, platinum bars, silver coins, silver bars, and palladium bars are among the approved types. While Fidelity offers exposure to more direct funds, these two invest primarily in gold stocks, usually in the form of gold mining stocks.