Investing in precious metals like gold and silver has long been considered a prudent diversification strategy for investors seeking to protect their wealth and hedge against economic uncertainties. Fidelity Investments, a leading financial services provider, offers investors the opportunity to buy gold and silver as part of their investment portfolio. In this article, we will delve into the step-by-step process of buying gold and silver through Fidelity, highlighting key considerations and benefits.

Why Invest in Gold and Silver?

Before we delve into the specifics of purchasing these precious metals through Fidelity, it’s crucial to understand the reasons behind investing in gold and silver:

  1. Diversification: Gold and silver have historically shown a negative correlation to traditional assets like stocks and bonds, making them valuable additions to a diversified investment portfolio.
  2. Wealth Preservation: Precious metals are tangible assets that have retained value over centuries, acting as a hedge against inflation and economic instability.
  3. Safe-Haven Asset: During times of economic uncertainty or market volatility, gold and silver often serve as safe-haven assets, providing stability to an investment portfolio.

Buying Gold and Silver Through Fidelity: Step-by-Step Guide

  1. Open a Fidelity Account:
    • If you don’t already have an account with Fidelity, you’ll need to open one. This can be done online by providing personal and financial information.
    • Choose the type of account that suits your investment goals, whether it’s an individual brokerage account, a retirement account, or an education savings account.
  2. Research and Choose Your Metals:
    • Research the current market conditions for gold and silver. Understanding factors like historical price trends and supply-demand dynamics will help you make informed decisions.
    • Decide whether you want to invest in physical metals (bars, coins) or exchange-traded funds (ETFs) that track the price of gold and silver.
  3. Select the Investment Method:
    • Fidelity offers various ways to invest in precious metals:
      • Physical Bullion: Fidelity provides access to a wide range of gold and silver products, allowing you to purchase physical metals. These can be stored in secure vaults or delivered to your doorstep.
      • ETFs: Fidelity also offers ETFs that track the performance of gold and silver prices. These can be bought and sold like stocks on the stock exchange.
  4. Place Your Order:
    • If you’re investing in physical metals, select the specific gold or silver product you want and the quantity. Fidelity will provide the current price, and you can place your order online or through a representative.
    • If you’re investing in ETFs, search for the relevant ETF (e.g., SPDR Gold Trust for gold exposure), specify the quantity, and place the order.
  5. Review and Confirm:
    • Before confirming your order, review all the details, including the transaction costs, shipping fees (if applicable), and any storage fees for physical metals.
  6. Payment and Settlement:
    • For physical metals, payment can be made through your Fidelity account using available funds or by transferring funds from a linked bank account.
    • For ETFs, the transaction will be settled in the same way as stock transactions, using the cash available in your brokerage account.

Key Considerations

  1. Costs and Fees:
    • Be mindful of transaction costs, which may include bid-ask spreads for physical metals and commission fees for ETFs.
    • Storage fees may apply if you choose to store physical metals in Fidelity’s storage facilities.
  2. Market Research:
    • Stay informed about market trends and news that can impact the prices of gold and silver.
    • Regularly review your investment strategy and adjust as needed.
  3. Security and Custody:
    • If you’re purchasing physical metals, ensure that Fidelity provides secure storage options and insurance coverage.


Investing in gold and silver through Fidelity offers a convenient and reputable platform for diversifying your investment portfolio. As with any investment, thorough research and understanding of the precious metals market are essential. By following the step-by-step guide provided in this article and considering the key factors discussed, you can make informed decisions that align with your financial goals and risk tolerance. Remember that the value of precious metals can be volatile, so a long-term perspective and patience are crucial for successful investing in these timeless assets.