Fidelity Gold IRA Review – Pros, Cons, Fees, & Reviews

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I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

Fidelity is one of the largest and most reputable investment companies in the U.S. Its gold IRA account has a low minimum and reasonable fee structure.

Fidelity Fidelity
4.0
Services: Precious metals IRA, gold, silver, platinum, & palladium bullion
Minimum investment: $2,500
Fees: 0.99%-2.90% (Percent charged on gross amount)
Pros:
  • Low minimum investment
  • Competitive pricing
  • Good customer service
  • Reputable company
Cons:
  • No home delivery
  • Must set up an online brokerage account

IRAs (Individual Retirement Accounts) are one of the most tax-beneficial ways to invest for retirement. Most investors fill their IRAs with stock or cash options, but some are looking for alternative investment ideas as inflation continues to spiral.

One alternative to more traditional options is a Fidelity gold IRA. This unique IRA allows investors to use physical gold, silver, palladium, and platinum for their IRAs.

Fidelity has served more than 40 million customers and is one of the top brokerages in the U.S.

What is Fidelity Gold IRA?

Fidelity IRA homepage
Fidelity.com website

It is an IRA that invests in physical gold and other precious metals. Fidelity is a highly reputable investment company founded in 1946.

Headquartered in Boston, it has hundreds of locations across the U.S. and globally. It is an industry leader that offers all kinds of investment products, including IRAs, standard brokerage accounts, mutual funds, and more.

Fidelity serves more than 40 million individual investors. The company manages more than 9 trillion dollars in assets and handles over 3 million daily average trades.

Fidelity Precious Metals Services

Fidelity offers some services and investment options based on the value of gold and other precious metals. It provides precious metal IRA services, mutual funds and many other gold-backed investment choices.

Precious Metals IRA

A precious metals IRA is a unique type of IRA that allows investors to add physical precious metals to their retirement planning strategies.

Fidelity’s precious metals IRA supports all four IRS-approved metals: palladium, platinum, gold, and silver. Depending on your preference, you can add bullion bars or coins to your portfolio.

Most gold IRA companies charge an annual fee for your account maintenance, but Fidelity works a little differently. Instead of an annual fee (which could really add up over the years), Fidelity charges a percentage on the gross amount of gold bought and sold.

The percent charge is lower if you buy or sell large amounts, which helps keep customer fees consistent. You can purchase all IRA-approved coins and bullion for your precious metals IRA, including:

  • Gold American Eagle coins
  • Silver American Eagle coins
  • Platinum American Eagle coins
  • Gold and silver Canadian Maple Leaf coins
  • Gold and silver Australian Kookaburra and Kangaroo coins
  • Gold American Buffalo coins
  • Austrian Philharmonic coins
  • Other IRS-approved silver and gold coins

The minimum initial investment for a precious metals IRA from Fidelity is $2,500. Investments are stored in Fidelity’s private, insured, IRS-approved depositories and with FideliTrade.

Fidelity Select Gold Portfolio

Fidelity also has a Select Gold Portfolio (FSAGX). This portfolio is a mutual fund with interests in many gold investments, including gold mining stocks and other gold funds.

Investing in a gold mutual fund like Fidelity Select Gold allows you to invest in gold with more diversification than you can get by owning metals directly.

Investment options such as mutual funds also provide investors more liquidity than other investments. If you ever want to move out of precious metals, you can sell your shares in the mutual fund for another stock without withdrawing from your retirement savings account.

Other Gold Options

Fidelity offers many kinds of investment accounts for wealth management, including traditional IRAs and standard brokerage accounts.

While directly investing in gold with a precious metals IRA is a good option for some gold investors, others prefer to invest in the precious metals market indirectly.

In other kinds of investment accounts, you can add gold stocks, which fluctuate based on the price of gold. You can also invest in gold exchange-traded funds (ETFs), which expose investors to gold without the risks of direct ownership.

Fidelity Gold IRA Fees & Minimum Investment

Fees0.99%-2.90% (Percent charged on gross amount)
Minimum Investment$2,500

Who Should Use Fidelity Gold IRA?

You should consider opening a Fidelity gold IRA if the following apply to you:

Best For
  • You want to invest in palladium, platinum silver and/or gold. Not all IRA companies support all four precious metals.
  • You want to start with a small investment. Fidelity has one of the lowest barriers to entry in the industry.

How Does Fidelity Gold IRA Compare?

 
4.0
5.0
5.0
$2,500
$25,000
$50,000
0.99%-2.90% (Percent charged on gross amount)
$175-$225/yr
$200/year
No current promotions
Up to $10,000 or more in free silver (with a qualified account)
Zero fees for up to 10 years (depending on the investment amount) (depending on the investment amount)
4.0
$2,500
0.99%-2.90% (Percent charged on gross amount)
No current promotions
5.0
$25,000
$175-$225/yr
Up to $10,000 or more in free silver (with a qualified account)
5.0
$50,000
$200/year
Zero fees for up to 10 years (depending on the investment amount) (depending on the investment amount)

Getting Started with Fidelity

  1. Open a brokerage account: You will need a brokerage account with Fidelity to invest in its precious metals IRA.
  2. Talk to a Fidelity gold IRA specialist: A specialist will contact you to discuss your investment goals and answer your questions.
  3. Open your IRA: After you’re confident in your investment strategy, a member of Fidelity’s financial services team will guide you through the process.
  4. Fund your self-directed IRA: Fidelity’s minimum investment is low enough for you to start with a simple cash investment. However, you may prefer to roll over assets from another qualifying retirement account.
  5. Purchase your precious metals: Fidelity supports all four IRS-approved precious metals in coins and bullion.

Should I Invest with Fidelity?

Fidelity is one of the best gold IRA companies in the industry. Its gold IRA has a low minimum investment and reasonable fees. It also offers other ways to include gold in your investment portfolio, such as through ETFs and gold-based stocks.

If you’re considering opening a gold IRA account, talk to your financial advisor about investing with Fidelity.

Fidelity FAQs

These are the most commonly asked questions about opening a precious metals IRA with Fidelity Investments:

Is Fidelity gold IRA a good investment?

Past performance cannot guarantee future performance. Historically, precious metals have done well when stocks turn down, but there is no guarantee that this trend will continue.

Can I buy gold bullion in a Fidelity self-directed IRA?

Yes, you can purchase gold, silver, platinum, and palladium bullion in a Fidelity IRA.

Can I store gold in a Fidelity Roth IRA?

Yes, you can. Please contact your account manager to find out more.

Goldco

Goldco is a leader in the precious metals industry, with over a decade of experience helping customers protect their retirement savings. 

We earn a commission if you invest, at no additional cost to you.
Fidelity Gold IRA
fidelity gold ira review

Fidelity offers investors the opportunity to purchase precious metals as part of a diversification strategy.

Product Brand: Fidelity

Editor's Rating:
4

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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