Can I Invest in Gold Through Fidelity?

By Tim Schmidt - UPDATED: February 8, 2025

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Purchasing gold isn't as easy as some people make it to be. If you want to make the most out of gold or other precious metals, you must craft a powerful strategy that gives you positive results.

One of the reasons why investors love physical gold is that it's accepted almost anywhere. Those wanting to fight market volatility and protect their wealth can consider gold as a decent option to do it.

There are many platforms to buy and sell gold. A popular one on the market is Fidelity Investments. This company offers a wide range of services, including:

  • Financial planning
  • Retirement plans
  • Trading/brokerage
  • Wealth management

Can you trade gold with a Fidelity account? The short answer is yes. If you want to learn more about how to make your first gold investment with this company, keep reading.

Is Gold a Safe Investment for You?

how to buy gold on fidelity

Gold has always been one of the safest and most popular assets to invest in. You may have heard before that it's a "safe haven asset," and there's a lot of truth to that. Gold prices have shown stability and resilience over the years.

What does this mean? In essence, you can preserve your wealth even during times of economic uncertainty. Historically, the price of gold bars and coins has increased due to a growth in demand.

You never know when a historical event can affect the economy, including specific areas like stock markets. Thanks to gold's intrinsic value, though, you can expect it to remain stable unlike other investment options out there.

What Makes Fidelity Investments Right for Investors?

Fidelity is a great option for beginners and seasoned investors looking for access to investment products like gold. It's known for offering many investment options to people, including:

  • Stocks related to precious metals
  • ETFs
  • Mutual funds
  • Options
  • International markets
  • Bonds & CDs
  • Crypto
  • Physical precious metals

Keep in mind that Fidelity offers a limited selection of gold compared to other companies. However, it still offers popular products that will play a huge role in your diversification strategy.

If you're interested in trading precious metals, these are the coin options available:

  • American Buffalo
  • Americal Eagle
  • Australian Kangaroo
  • Austrian Philharmonic
  • Canadian Maple Leaf
  • South African Krugerrand

On top of that, you can buy bullion bars that range from 99.5% to 99.99% in purity.

If you're interested in diversifying your portfolio even further, you may consider Fidelity's silver, platinum, and palladium products.

You don't need to invest in physical gold if you don't want to. Fidelity also allows people to invest in mutual funds, which can hold precious metals in allocated accounts. In other words, your metals will get stored in specialized financial institutions, but you won't get direct access to them.

Another option available is investing through ETFs. With an ETF, you can invest in the securities of companies involved in gold production.

As you can see, Fidelity offers many alternatives to most types of investors. It's a known company that has been proven to offer a high-quality service to people over the years.

How to Buy Gold on Fidelity

Buying gold on Fidelity isn't too complicated. All it takes is some patience and a well-crafted strategy.

Here's how to get started:

Open an Account

Open an account that suits your investment goals. Fidelity offers a wide range of them, so take your time to pick the perfect one. Some of the options include:

  • Brokerage account
  • Traditional IRA
  • Roth IRA
  • Rollover IRA
  • "Cash Management" account
  • Custodial account

Keep in mind that each account may have unique investment requirements and associated fees.

Pick Your Gold Product and Place the Order

Next, pick the investment option you prefer. As mentioned, you can choose physical gold, mutual funds, ETFs, etc.

When buying precious metals from Fidelity, consider the following:

  • Minimum Investment: $2,500.
  • Order Quantity: Whole ounces or numbers of coins.
  • Order Hours (at the time of writing): 8:00 AM to 3:00 PM ET.

Also, keep in mind that Fidelity has extra fees and applicable taxes if you take delivery:

Something we should note is that Fidelity is only an agent when it comes to trading; it doesn't hold inventory in precious metals. Instead, it sends your orders directly to its partners, which include FideliTrade. These companies will buy and sell on Fidelity's behalf.

Create a Solid Investment Strategy

Fidelity Investment Strategy

Always remember to create an investment strategy that aligns with your goals and risk tolerance. All investors have unique goals, so take time to think about yours.

When it comes to precious metals, you should focus on diversification, as this can help you mitigate losses when the market fluctuates.

Also, make sure you review and adjust your strategy as the market changes. This will help you make informed decisions when making your next purchases.

About the Fidelity Gold IRA

Fidelity Investments offers Fidelity gold IRAs for those interested. Your retirement account will be subject to federal laws and restrictions. Some of the products you can get for this account type include:

  • Gold American Eagle (1 oz, 1/2 oz, 1/4 oz, and 1/10 oz)
  • Gold American Buffalo (1 oz)
  • Silver American Eagle (1 oz)
  • Platinum American Eagle (1 oz)
  • Bullion Bars (as long as they meet certain quality standards)

After analyzing all companies in the space, I chose not to invest with Fidelity. 

---> I reveal my top gold investment firms on this page.

Are There Any Risks Involved with Fidelity?

There are only a few risks or disadvantages worth considering with Fidelity. Here's a breakdown of all of them:

  • The minimum investment may be too high for some investors.
  • The associated fees will vary depending on your account and the products you buy.
  • The selection of gold products is limited.
  • You may have to pay more money if you want to store or handle your metals with a professional.
  • Fidelity's desktop trading platform may feel outdated or unresponsive to some people.

What You Should Consider Before Investing in Precious Metals

Never buy gold without considering the following tips first:

  • Do proper research about the gold market.
  • Always set realistic goals that align with your risk tolerance.
  • Monitor your investments, and adjust your strategies accordingly.

Bottom Line

Whether you want to invest in gold stocks or physical products, it's crucial that you educate yourself on all the potential benefits and consequences you may get from your investment.

Fidelity is a decent option for several types of investors. Even though its product selection is limited, there are still many options worth considering.

We hope this guide has helped you! Remember to plan accordingly and to take your time before making any big financial decision.

Tim Schmidt

About 

Tim Schmidt is an Entrepreneur and Serial Investor. Since 2012 he's been an advocate of alternative investments using a Self Directed IRA. His work has been featured in Yahoo! Finance, USA Today, Business Insider, and Tech Times, among others. Get his portfolio breakdown here.

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