Fidelity Gold Investment: Join the Conversation
James Byrd- Fidelity Gold Investment (FGLD) is a mutual fund that is sold by Fidelity Investments, Inc.
- The fund's manager is James Dondero, who serves as the president of Highland Capital Management, L.P.
- The fund's average annualized return are 8.05%, 8.13%, and 13.42% over the past 1, 5, and 10 years, respectively.
- Fidelity Gold Investment Fund (FGLD) is a mutual fund that is offered by Fidelity Investments.
- The fund seeks growth of capital by investing its assets in gold securities.
- The fund has an annual expense ratio of 0.57% as well as 0.02% in fees.
Fidelity Gold Investment (FGLD) is a mutual fund that is sold by Fidelity Investments, Inc. The fund's manager is James Dondero, who serves as the president of Highland Capital Management, L.P. The fund's average annualized returns are 8.05%, 8.13%, and 13.42% over the past 1, 5, and 10 years, respectively.
Understanding Fidelity Gold Investment
Fidelity Gold Investment is a platform that allows investors to purchase gold. The investment platform offers four ways for buying gold:
Gold Fund: Investors can purchase gold through Fidelity Gold Investment's Gold Fund. The fund invests entirely in gold, and its price moves in line with the spot price of gold.
Gold ETF: Investors can purchase gold through Fidelity Gold Investment's Gold ETF. The Gold ETF is a diversified fund that invests in gold.
Gold Individual: Investors can purchase gold through Fidelity Gold Investment's Gold Individual. The gold individual purchase option allows investors to buy gold in the form of a bar or coin.
Fidelity Gold Investment's gold funds, Gold ETF, Gold Individual, and "Gold Cash Account" are qualified gold investments, and they offer tax advantages. Investors who buy gold through Fidelity Gold Investment are subject to the 3.8% net investment income tax, which was levied in 2020.
How Does Fidelity Gold Investment Work?
The Fidelity Gold Investment account allows investors to purchase and store physical gold bullion. Investors can also purchase gold bars and coins via a partnership with APMEX.
The account offers storage in two vaults:
• The Brink's and Company vaults in London, which hold gold bullion bars produced by a variety of refiners.
• The Malca-Amit vaults in New York, which hold gold bullion bars and coins produced by a variety of refiners.
The account offers storage in a vault in New York City, which can hold both gold bullion bars and coins in a single location.
