Fidelity does not offer a silver fund, but it does offer gold-related investments. These include stocks and ETFs that invest in gold mining companies.
Like gold, silver has been a popular safe haven asset for investors seeking a hedge against inflation and market volatility. However, it’s important to remember that it’s not as safe as gold.
The answer is yes
The fidelity name may not be the first thing that comes to mind when considering your options for storing your wealth, but the company has made a stab at the silver bullet by offering several of the industry’s leading precious metals offerings. The company is a leading player in the US based gold and silver market, and offers an array of products and services to meet the needs of investors of all stripes. The most notable of these offerings is Fidelity’s gold and silver portfolio, which boasts an impressive Morningstar Quantitative Rating of 5. This strategy includes three main pillars: a diversified portfolio of domestic and international stocks; a silver fund; and a silver-focused bond offering. The aforementioned silver fund is a top tier offering for any silver lover and features several noteworthy characteristics, including a low minimum initial investment, a hefty dividend yield, and a streamlined tax filing process.
The answer is no
Does Fidelity have a silver fund?
Fidelity offers an array of products for investors who are interested in trading or investing in a variety of asset classes. These include stocks, ETFs, bonds, mutual funds and options on those assets.
They also offer a wide selection of no-transaction-fee (NTF) mutual funds that are available at $0 minimum investments and can be purchased through their online platforms or the Active Trader Pro desktop application. This platform also includes a comprehensive lineup of research and education resources for investors of every level.
In addition to having a large number of high-quality ETFs and no-transaction-fee mutual funds, Fidelity also has a great array of brokerage services. This includes a full suite of online platforms, mobile apps, and Active Trader Pro for desktop.
You can buy physical gold and silver bullion or bars at Fidelity in a taxable brokerage account or through an IRA. You can also invest in US-based companies that produce gold and silver, such as NEM, through a brokerage account or in an IRA.
However, the main advantage of investing in a precious metals fund or ETF is that you get exposure to the market without having to hold actual physical assets. That is the only way to truly gain direct exposure to the price of gold and silver through a brokerage account or an IRA.
The only disadvantage of a precious metals fund is that you may have to pay high fees on a quarterly basis. This can add up over time to a significant amount of money.
Another issue with a gold and silver fund is that you will have to pay a commission on the sale of your gold or silver, and this can be significantly more than you would pay for an actual precious metals bar or coin. This is because the company that provides these services, FideliTrade, is not actually owned by Fidelity and therefore has to pass on some of the costs of selling your precious metals.
