IRAs are subject to federal laws and restrictions that govern their investments in precious metals. The only precious metals that can be bought in one. We offer trading in precious metals, bars and coins in gold, silver, platinum and palladium. When trading precious metals, Fidelity acts exclusively as an intermediary. We don’t hold any inventory of precious metals, and neither does Fidelity buy or sell by taking positions in the market.
We send your orders directly to the precious metals investment companies we use, FideliTrade or ScotiaMocatTatTM, who buy and sell for us on the precious metals market. Traditional IRA accounts can easily be set up and managed through a custodian bank, but setting up and managing a Gold IRA requires a few more steps. This is actually a huge advantage, as investing in physical gold involves several additional taxes and expenses that you must pay, such as a proper storage center where you store your gold. While Fidelity offers exposure to more direct funds, these two primarily invest in gold stocks, usually in the form of gold mining stocks.
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. This is less of a problem if a gold IRA was only part of its entire retirement portfolio as part of a diversification strategy in which gold provides inflation hedge. 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. This is a self-directed IRA for investments in precious metals and is often included in direct physical metals such as gold and silver, or in gold-backed items.
This can provide investors with an easy and free way to buy gold without sacrificing the safety of tangible assets such as physical gold. Many gold IRA companies work with a custodian, and either the custodian or the gold IRA firm may select a custodian. Many people today choose to buy gold and deposit it into an IRA to ensure they are properly protected against the uncertainty of inflation. The IRS has set guidelines for metal fineness standards to determine whether gold or silver in the form of gold bars or coins is acceptable for a gold IRA.
This custodian bank, which usually works with an IRA Gold company, works with the customer as needed.
