Gold IRA Fidelity Review: Great For Small Investors

April 13, 2023

Fidelity’s Gold IRA is a great way to invest in gold for retirement. The company offers a wide range of investment options. It has some of the lowest fees in the industry for its Gold IRA products.

We recommend Gold IRA Fidelity if you're on a budget and looking to safeguard your wealth with precious metals. It's particularly well-suited for small investors just starting to save for retirement because of its low minimum investment threshold of just $2,500. This allows you to diversify your retirement portfolio with small amounts while receiving security from vault storage.

However, if you plan on investing large sums in precious metals, Fidelity it may not be the best choice because fees are proportional to the total gross investment. In those cases, I recommend our best-rated precious metal IRA provider, Augusta Precious Metals, instead. It charges a low fixed annual fee for custodian and storage services, it doesn't charge account management fees, and it's one of the best-rated companies we've ever covered, with near-perfect average user ratings on all major customer review sites like TrustPilot, Google Reviews, and Better Business Bureau. If you have more than the minimum $50,000 required to get started, I can't recommend Augusta Precious Metals enough.

Saving for retirement should be on everyone's mind the moment they enter the workforce. If you want to protect your investment, the best you can do is diversify your portfolio beyond stocks and bonds, and precious metals are the perfect way to do so.

If you're looking for a reliable and reputable precious metals IRA custodian, in this Gold IRA Fidelity review, we'll take an in-depth look at one of the leading names in the industry.

With a focus on gold and other precious metals, Gold IRA Fidelity offers a range of investment options for those looking to diversify their retirement portfolio. Read on to find out more about the services, fees, and reputation of the Gold IRA from Fidelity and whether it could be the right choice for your investment needs.

What Is Gold IRA Fidelity?

Fidelity Investments offers a unique financial product called Gold IRA Fidelity, which allows individuals to invest in gold through their individual retirement accounts (IRAs). Established in 1946 by Edward C. Johnson II, the firm is headquartered in Boston, Massachusetts, and manages over $7.8 trillion in assets as of 2019. Its products and services include mutual funds, ETFs, stocks, bonds, and precious metals.

The media has reported on this gold IRA offering and highlighted its benefits, such as holding physical gold within an IRA account while being protected by Fidelity’s network of storage partners with insurance coverage. In addition to gold, customers can also choose to invest in silver, platinum, or palladium.

Fidelity’s website features educational resources like webinars and videos to help customers understand the process of investing in precious metals better. At the same time, there is also a rollover calculator for them to estimate potential gains from transferring existing retirement savings into a gold IRA.

Features Of Gold IRA Fidelity

Now let’s look at what one of America’s leading investment companies has to offer in terms of Precious Metals IRAs.

#1 Leading Investment Company

Fidelity is one of the leading companies in the investment and Precious Metals IRA space. Kiplingers recognized it as the Best Online Broker for 2021. The company was also ranked the Most Trusted Wealth Management Company of 2022 by Investor’s Business Daily.

Gold IRA Fidelity Review

Fidelity provides investors with various services ranging from retirement planning to stock trading. The company’s commitment to quality service, competitive fees, and customer care makes it an ideal choice for those looking to invest or begin a Precious Metals IRA.

This feature provides investors access to a trusted, experienced advisor who can assist them in making intelligent investments. Fidelity’s years of experience mean that investors can get the most out of their money while also trust their investments are safe. Additionally, Fidelity offers competitive fees, which makes investing in Precious Metals IRAs more profitable.

#2 Fidelity Offers IRA Accounts Through Their Gold IRA Service

Fidelity’s Gold IRA service lets you diversify your portfolio by investing in physical gold or other precious metals. This feature makes it easier for people who prefer physical gold or silver as part of their retirement portfolio to open an IRA account with Fidelity and purchase the precious metals directly with the company.

Investors get the opportunity to diversify their retirement portfolios while getting all the tax advantages of owning precious metals in an IRA structure.

Additionally, investing in gold is seen by many as a wise financial move, given its historical performance during times of economic turmoil or stock market downturns. Investors can also use Fidelity’s Gold IRA service to conveniently purchase physical gold without paying middle-man fees typically associated with buying through third parties. This feature, giving you direct access to physical commodities, has made Fidelity’s Gold IRA service a one-stop shop for those wishing to invest in precious metals for retirement planning.

#3 The Company Has A Wide Variety Of Precious Metal Options

Fidelity offers a range of gold coins, including the Gold American Buffalo, Gold American Eagle, Gold Australian Kangaroo, Gold Austrian Philharmonic, and the Canadian Maple Leaf. It also offers silver coins with the Silver American Eagle, the Silver Australian Kookaburra, and the Silver Canadian Maple Leaf. Platinum American Eagles, Platinum Canadian Maple Leafs, and Palladium Canadian Maple Leafs are also available for purchase, something not all competitors in the space offer.

Besides coins, Fidelity also offers bullion bars, with gold, silver, platinum, and palladium bullion bars.

Gold IRA Fidelity Review

This feature is essential for potential investors because it gives them access to many different investment choices, which can help them diversify their portfolio or meet specific goals depending on their individual needs. Furthermore, this wide selection allows investors to take advantage of price fluctuations across different marketplaces while still having access to physical assets they can store safely within their IRA account.

Having this level of control is very positive since you can choose exactly what particular type of physical precious metal you want to invest in. It's not a simple choice of deciding between gold, silver, platinum, and palladium. This gives you more flexibility in changing strategies if needed to maximize your investment returns over time. Additionally, having so many choices helps ensure greater protection against inflation since all precious metals will not be affected by one economic event. Such an event could lead to losses for those who have invested heavily in a single type of asset.

#4 Easy Online Account Opening And Monitoring

Opening an IRA account with Fidelity is easy, which is a key feature for new investors. You can open an IRA account online in a few easy steps. Customers no longer need to fill out lengthy paperwork or wait to process all their documents; they can open their accounts instantly using their internet connection and some basic information about themselves. This is especially beneficial for those who are looking to invest quickly and be able to access their funds without delay.

Having access to your account online also allows you to track your investment's progress at all times, view account balances, and easily make changes. With just a few clicks, you have complete control over your investments. Additionally, customers will receive regular updates on any changes made to the account and can monitor performance trends over time.

This feature is very convenient for investors who don’t have time to visit physical branches or wait long hours on hold with customer service representatives; they can manage everything from the comfort of their homes in minutes!

#5 Fidelity's Educational Resources

At Fidelity, education is a key component of their Gold IRA services. With an emphasis on quality customer service and a dedication to providing educational information about investing and retirement planning, Fidelity has developed a comprehensive library of educational materials. From webinars and books to videos and infographics, they provide access to all the tools you need to make well-informed decisions that align with your financial goals.

Gold IRA Fidelity Review

Fidelity’s educational resources are intended to give you the confidence you need when investing in a Precious Metals IRA. It helps you understand the risks and options for reaching your retirement goals. This knowledge can help investors feel more comfortable taking control of their retirement planning journey instead of relying on someone else who may not have their best interests in mind.

By providing access to up-to-date investment information through avenues such as market research, webinars, and market news, Fidelity enables you to continue learning about the ever-changing world of finances. Along with access to news articles, tools such as portfolio analysis reports give you more insight into how specific investments would impact an overall portfolio strategy.

The goal at Fidelity is simple: To help you take charge of your financial future through knowledge-based decision-making.

#6 Security

When investing for your and your family's future, security should always be a priority. Fidelity Gold IRA takes this seriously, providing customers with an array of security measures such as encryption technology, financial institution partnerships for data protection, and 24/7 monitoring services.

The security measures that Fidelity offers are comprehensive and industry-leading. These measures ensure that clients can trust the safety of their investments and rest easy knowing their assets are well taken care of. Additionally, Fidelity is constantly monitoring and improving its security protocols to ensure they're current with industry trends.

#7 Fidelity Investment Advisor Solutions (FIAS) Service

Fidelity offers professional planning and advice for investing in their Gold IRAs. This is important because it allows investors to make informed decisions that help maximize their returns. With Fidelity’s network of experienced advisors, you get access to personalized investment advice and assistance with:

  • Setting up both traditional and self-directed IRAs like Fidelity Gold IRAs.
  • Building a retirement plan.
  • Funding a gold IRA rollover, and more.
Gold IRA Fidelity Review

Having someone guide you along the way helps ensure you have the correct account setup and that you'll take advantage of all of your Gold IRA’s benefits. You also receive guidance on how much gold or other precious metals to include in your portfolio and how long to hold on to them before selling or exchanging them for another type of asset.

#8 Invest In Gold And Other Precious Metals Indirectly

With Fidelity, Investors can invest in precious metals indirectly. For example, you can purchase mutual funds and exchange-traded funds (ETFs) that invest in the securities of companies involved in producing gold and/or other precious metals. The key advantage of this strategy is that these assets have a different pricing structure than a direct investment in physical gold and prices behave differently as well, making it another way to diversify your portfolio.

Pros Of Gold IRA Fidelity

  • Diversification: Investing in a gold IRA allows you to diversify your retirement portfolio and hedge against market volatility and inflation.
  • Tax Benefits: Precious metals, such as gold, are typically not subject to capital gains taxes when held in an IRA, offering a tax-advantaged way to grow your wealth over time.
  • Assets Protection: Gold has historically been regarded as a safe-haven asset, protecting you during financial crises and other sharp drops in the stock market. Investing in precious metals can offer additional security for your retirement savings in uncertain economic conditions.
  • Professional Advice: Fidelity offers professional advice through its Fidelity Investment Advisor Solutions (FIAS) service. This service provides personalized guidance from experienced advisors who can help you develop and execute an investment strategy tailored to your individual goals.
  • Manageable Liquidity: Fidelity’s gold IRA investments are held in an FDIC-insured bank account, making it easy to access your funds when needed.
  • Low Fees: Fidelity’s gold IRA has no setup fees, and its annual custodial fee is one of the lowest among major providers.
  • Quality Products: The metals used for Fidelity’s Gold IRA accounts are sourced from leading mints and refineries worldwide, ensuring that you receive only high-grade products backed by a reputable institution.

Cons Of Gold IRA Fidelity

  • Basic website: Although Fidelity has an extensive range of services and products, the website is rather basic and can be challenging to navigate. This is particularly troublesome for seniors and those who aren't tech-friendly.
  • Fidelity Gold IRA doesn't offer home delivery of physical assets as some other companies do.
  • You must set up an online brokerage account with Fidelity to invest in a Gold IRA, which may not sit well with most investors.


  • Fidelity Gold IRA’s most popular plans have an initial minimum investment of $2,500.
  • Users get access to gold coins and bars in various denominations, ranging from 1 oz to 400 oz, with 99.99% purity, and other precious metals such as silver and platinum.
  • The investments are stored in Fidelity’s private, insured, IRS-approved depositories and with FideliTrade. The company also offers Fidelity Select Gold Portfolio.
  • Fidelity offers no refund policy or guarantee on purchasing Gold IRA products.
  • Fidelity charges 0.99% – 2.90% on gross amounts, which is competitive if you're investing a small amount. Still, it can get expensive for large gold purchases since other providers like Augusta Precious Metals, Goldco, Birch Gold Group, and Noble Gold charge a fixed annual fee. That said, Fidelity doesn't charge account setup fees or hidden fees, so it's easy to know what to expect.

In Summary

Gold IRA Fidelity is an attractive option for retirees and long-term investors who want to invest in gold through their IRA. It offers a safe and financially beneficial opportunity to do so, along with a wide range of other assets to diversify your portfolio. Furthermore, the fees and minimum investment are low, available educational resources are varied and versatile, and investors can get advice from knowledgeable professionals.

Though Fidelity is a great choice for many, if you plan on investing large sums in precious metals, it may not be the best choice, because fees are proportional to the total gross investment. In those cases, Goldco is a much better option since it charges a low fixed fee which becomes proportionally lower as you invest more. If you have more than the minimum $25,000 required to get started, I can't recommend Goldco enough.

However, if you plan on investing large sums in precious metals, Fidelity it may not be the best choice. In those cases, I recommend our best-rated precious metal IRA provider, Augusta Precious Metals, instead. It charges a low fixed annual fee for custodian and storage services, it doesn't charge account management fees, and it's one of the best-rated companies we've ever covered, with near-perfect average user ratings on all major customer review sites like TrustPilot, Google Reviews, and Better Business Bureau. If you have more than the minimum $50,000 required to get started, I can't recommend Augusta Precious Metals enough.

Gold IRA Fidelity FAQs

Is Gold IRA Fidelity worth it?

Yes, Fidelity is a reputable company with a solid track record of performance, which makes it an excellent option for investing in gold. They offer several different types of Gold IRA accounts and provide helpful resources to assist investors in making informed decisions about their investments. Additionally, Fidelity offers competitive fees and low minimum investment requirements that make investing with them even more attractive.

Is the Gold IRA from Fidelity safe?

Yes, Fidelity’s precious metals IRA supports all four IRS-approved metals: palladium, platinum, gold, and silver. Investments are stored in a secure depository and can be used to hedge against inflation and other economic and geopolitical concerns.

Is Fidelity's Gold IRA legit?

Yes, Fidelity is indeed seen as a reliable and legitimate investment company, being one of the most renowned in the U.S. It provides customers with numerous options for gold, silver, platinum, and palladium bullion investments, including coins and bars. To be eligible for purchase via an IRA, they must meet specific criteria set by the Internal Revenue Service. Moreover, Fidelity also offers mutual funds and ETFs that invest in gold or other valuable metals.

Can you withdraw from a gold IRA?

Yes, it is possible to withdraw funds from a gold IRA, and the process is relatively straightforward. You must contact your custodian and provide them with personal information, including the amount you wish to withdraw. After you turn 59 1/2, all withdrawals are counted as income and taxed accordingly. However, you must wait until 70 1/2 before making a minimum withdrawal each year. It’s important to know the rules and regulations associated with a gold IRA to avoid any penalties for withdrawing funds before this age.

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