Yes, Fidelity customers can buy certain precious metals within an IRA. We’ve researched 18 legitimate companies that offer Gold IRA services and reviewed them for the highest consumer ratings from the Business Consumer Alliance (BCA). For example, the Franklin Gold and Precious Metals Funds Class A invest 80% of their assets in gold and precious metals companies. Gold has proven to be a source of steady and stable growth compared to the more volatile stock market, so more and more bond investors are turning to gold IRAs.
Younger investors who have less money to invest in gold could be better off with a traditional IRA and invest in gold equivalents such as gold ETFs or gold mining stocks until they’ve accumulated enough to meet the higher minimum requirements of gold IRAs. While most IRA investors invest in more traditional assets such as stocks, bonds, and funds, tax legislation allows investments in precious metals such as gold and silver via specialized IRA accounts. Like a traditional IRA, a Gold IRA allows pre-tax contributions, and investment income can then accumulate in deferred tax terms. The two major drawbacks of Augusta are the limited selection of metals and the high minimum investment requirements to set up a Gold IRA.
The gold must be bought and transferred to the custodian bank so that the custodian bank can take care of it. Therefore, investors must work with a reliable and reputable gold IRA company to make the process easier. However, if you work with a reliable and customer-focused IRA Gold company, it’s likely that they have favorable repurchase policies for coins or precious metals, although transaction costs for precious metals may be higher. No other Gold IRA company goes to such great lengths to present investment information in an organized and objective way to earn the full trust of its clients. A Gold IRA is a specialized, self-directed individual retirement account designed to store precious metals.
Long-term asset protection is an important goal of almost all gold IRA investors, and a precious metal IRA provides a safe, reliable, and effective means of maintaining long-term asset growth. The company’s flagship gold investment fund, Fidelity Select Gold Portfolio (FSAGX), allocates approximately 80% of its capital to companies that carry out gold-related activities, with up to 25% of its capital flowing directly into gold and other precious metals.
