Gold has always been considered a safe haven for investors seeking to protect their wealth from uncertain economic conditions. With a long-established reputation as a store of value, this precious metal is perceived as a reliable asset for diversifying investment portfolios. If you are also interested in securing your financial future by investing in gold, Fidelity, one of the largest financial service providers, might be on your list of considerations. In this blog post, we'll explore the options available at Fidelity for investing in gold and provide you with a detailed guide on how to get started.
Can I Buy Gold Through Fidelity Table of Contents
Can I Buy Gold Through Fidelity?
Can I Buy Gold Through Fidelity?
Yes, you can buy gold through Fidelity. There are multiple ways to gain exposure to this precious metal using Fidelity's services, including purchasing gold ETFs, buying gold mutual funds, and investing in individual gold mining company stocks. Let's discuss each method in detail.
Gold Exchange-Traded Funds (ETFs)
One of the most convenient ways to invest in gold through Fidelity is by purchasing gold ETFs. These ETFs track the price of gold and provide investors with exposure to the metal without needing to physically store it. To purchase a gold ETF, you can open a Fidelity brokerage account and place an order using the trading platform, website, or phone. Some popular gold ETFs available on the platform include:
1. SPDR Gold Shares (GLD)
This ETF seeks to replicate the performance of the price of gold bullion.
2. iShares Gold Trust (IAU)
Another popular ETF, IAU, aims to track the price of gold bullion.
Speak to a Gold IRA Expert Today. Our Preferred Gold IRA Custodians:
Birch Gold Group
Birch Gold Group stands as your reliable ally in Gold IRA investment. Their unbeatable customer service, combined with rich educational content, makes your journey to financial growth as smooth as possible.
Noble Gold IRA
With its simple 5 minute IRA setup process and experienced team of professionals, Noble Gold is one of the easiest ways to open a Gold IRA & find out more information.
3. VanEck Merk Gold Trust (OUNZ)
OUNZ offers a unique feature wherein investors can request physical gold delivery if desired.
Gold Mutual Funds
Another option for investing in gold through Fidelity is to buy shares of gold mutual funds. These funds invest in a diversified portfolio of gold-related assets such as mining company stocks and derivative contracts tied to the price of gold. Some popular gold-focused mutual funds available on Fidelity include:
1. Fidelity Select Gold Portfolio (FSAGX)
The fund primarily invests in companies engaged in gold and precious metals mining operations worldwide.
2. VanEck International Investors Gold Fund (INIVX)
This fund aims to provide long-term capital appreciation by investing in gold & precious mining companies across the globe.
3. Franklin Gold and Precious Metals Fund (FKRCX)
This fund's objective is to achieve capital appreciation by investing in companies involved in mining precious metals worldwide.
Individual Gold Mining Stocks
Lastly, you can consider investing in individual gold mining stocks through Fidelity. Once you have identified a mining company with good growth prospects, you can proceed to buy its shares using the Fidelity brokerage account. Keep in mind this approach carries company-specific risks and may require more research compared to ETFs and mutual funds.
Can I Buy Gold Through Fidelity Example
Suppose you have decided to allocate $10,000 of your investment portfolio to gold to diversify and hedge against potential long-term economic downturns. You could distribute the amount across different gold investment vehicles offered by Fidelity. For instance, you could invest $5,000 in a gold ETF like GLD, $3,000 in a gold mutual fund such as FSAGX, and the remaining $2,000 in individual gold mining stocks that you've thoroughly researched.
Investing in gold through Fidelity provides you with several options to suit your needs and preferences. Whether you choose to invest in gold ETFs, mutual funds, or individual stocks, make sure to carefully assess the potential risks and returns associated with each method. As you embark on your journey towards a financially secure future, don't forget to explore other comprehensive guides and investment options available on Pre Columbian Gold. Lastly, be sure to share this post with others looking to invest in gold and consider subscribing for regular updates!
Speak to a Gold IRA Expert Today. Our Preferred Gold IRA Custodians:
Birch Gold Group
Birch Gold Group stands as your reliable ally in Gold IRA investment. Their unbeatable customer service, combined with rich educational content, makes your journey to financial growth as smooth as possible.
Noble Gold IRA
With its simple 5 minute IRA setup process and experienced team of professionals, Noble Gold is one of the easiest ways to open a Gold IRA & find out more information.
