Fidelity offers a number of products and services that allow investors to buy gold. These include ETFs, individual stocks, and a retirement account that invests in gold, silver and other precious metals. The company does not charge any commission or fee for its gold products. Fidelity offers investors the opportunity to buy precious metals1 as part of a diversification strategy.
We offer bullion, bar and coin trading in gold, silver, platinum and palladium. When trading precious metals, Fidelity acts solely as an agent; we do not have precious metal inventory, nor does Fidelity buy or sell by taking positions in the market. We ship your orders directly to the precious metals investment companies we use, FideliTrade or Scotiamocatta™, who buy and sell from us on the precious metals market. Yes, Fidelity users can buy gold, silver, platinum and palladium directly through the online brokerage agency.
Major funds in this sector include VanEck Vectors Gold Miners ETF (GDX), VanEck Vectors Junior Gold Miners ETF (GDXJ) and iShares MSCI Global Gold Miners ETF (RING). The experts at Birch Gold Group provide you with simple, step-by-step instructions on how to convert an existing retirement account into a precious metal IRA. If you don't want the hassle of owning physical gold or dealing with the margin requirements and fast pace of the futures market, then a great alternative is to buy an exchange-traded fund (ETF) that tracks commodity. On the contrary, the owners of a company, such as a gold miner, can benefit not only from the increase in the price of gold, but also from the company increasing its profits.
Gold futures are a good way to speculate on the rise (or fall) in the price of gold, and you could even receive physical delivery of gold, if you want, although physical delivery is not what motivates speculators. The company's flagship gold investment fund, Fidelity Select Gold Portfolio (FSAGX), allocates around 80% of its capital to companies involved in gold-related activities, and up to 25% of its capital goes directly to gold and other precious metals. That's one of the reasons why legendary investors like Warren Buffett warn against investing in gold and instead advocating buying businesses. This contrasts with business owners (such as a gold mining company), where the company can produce more gold and therefore more profits, which increases investment in that business.
This includes major gold ETFs such as SPDR Gold Trust (GLD), iShares Gold Trust (IAU), and SPDR Gold MiniShares Trust (GLDM), among others. Certain types of gold coins, gold bars, platinum coins, platinum bars, silver coins, silver bars and palladium bars are among the permitted types. In that case, it is better to focus on gold mining and exploration companies that profit from mining gold from the ground and sell it at market prices. Three of the largest ETFs include SPDR Gold Shares (GLD), iShares Gold Trust (IAU) and Aberdeen Standard Physical Gold Shares ETF (SGOL).