Looking for recommendations for investing in paper gold (401k and Roth IRA)

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

Post Reply
User avatar
ochotona
Executive Member
Executive Member
Posts: 3353
Joined: Fri Jan 30, 2015 5:54 am

Re: Looking for recommendations for investing in paper gold (401k and Roth IRA)

Post by ochotona » Wed Apr 15, 2020 1:23 pm

User avatar
ochotona
Executive Member
Executive Member
Posts: 3353
Joined: Fri Jan 30, 2015 5:54 am

Re: Looking for recommendations for investing in paper gold (401k and Roth IRA)

Post by ochotona » Wed Apr 15, 2020 1:30 pm

Never mind. Expensive.

Precious Metals
% Charged on Buy
$0–$9,999 2.90%
$10,000–$49,999 2.50%
$50,000–$99,999 1.98%
$100,000+* 0.99%

% Charged on Sell
$0–$49,999 2.00%
$50,000–$249,999 1.00%
$250,000+* 0.75%
With Texas Precious Metals, I'll get spot, pretty much, when I sell.

*delivery charges and applicable taxes if you take delivery

Fidelity charges a quarterly storage fee of 0.125% of the total value or
$3.75, whichever is greater. Storage fees are pre-billed based on the
value of the precious metals in the marketplace at the time of billing.

0.5% per year then. GoldStar Trust is 0.175% per year for $100k.

For more information on these other investments and the cost of a specific
transaction, contact Fidelity at 800-544-6666. Minimum fee per precious
metals transaction: $44. Minimum precious metals purchase: $2,500 ($1,000
for IRAs). Precious metals may not be purchased in a Fidelity Retirement Plan
(Keogh), and are restricted to certain types of investments in a Fidelity IRA.
User avatar
dualstow
Executive Member
Executive Member
Posts: 14232
Joined: Wed Oct 27, 2010 10:18 am
Location: synagogue of Satan
Contact:

Re: Looking for recommendations for investing in paper gold (401k and Roth IRA)

Post by dualstow » Wed Apr 15, 2020 1:51 pm

ochotona wrote:
Wed Apr 15, 2020 1:23 pm
HOW.DID.I.MISS.THIS ????

https://www.fidelity.com/customer-servi ... ous-metals
It comes up now and then.
2012 - viewtopic.php?f=1&t=2391&p=31867
2017 - viewtopic.php?f=5&t=9070&p=161793
Sam Bankman-Fried sentenced to 25 years
User avatar
ochotona
Executive Member
Executive Member
Posts: 3353
Joined: Fri Jan 30, 2015 5:54 am

Re: Looking for recommendations for investing in paper gold (401k and Roth IRA)

Post by ochotona » Wed Apr 15, 2020 2:33 pm

dualstow wrote:
Wed Apr 15, 2020 1:51 pm
ochotona wrote:
Wed Apr 15, 2020 1:23 pm
HOW.DID.I.MISS.THIS ????

https://www.fidelity.com/customer-servi ... ous-metals
It comes up now and then.
2012 - viewtopic.php?f=1&t=2391&p=31867
2017 - viewtopic.php?f=5&t=9070&p=161793
Maybe someday, when I want to simplify, simplify, and simplify some more...
User avatar
sophie
Executive Member
Executive Member
Posts: 1959
Joined: Mon Apr 23, 2012 7:15 pm

Re: Looking for recommendations for investing in paper gold (401k and Roth IRA)

Post by sophie » Wed Apr 15, 2020 5:34 pm

It's not actually that expensive! Storage is slightly more than an ETF, yes. The bid/ask cost, taken together, is not that different from the bid/ask spread on bullion coins. Look up the difference between the buy & sell price at APMEX for example.

I had thought about converting some of my Roth gold ETF $$ into these coins when I got enough in there. I'll probably be selling it instead though. Wondering when I'm going to hit that rebalance point!
User avatar
CT-Scott
Executive Member
Executive Member
Posts: 214
Joined: Sat Mar 21, 2020 8:39 am

Re: Looking for recommendations for investing in paper gold (401k and Roth IRA)

Post by CT-Scott » Thu Apr 16, 2020 8:05 am

Libertarian666 wrote:
Wed Apr 15, 2020 10:13 am
Gold Star Trust (goldstartrust.com) can open IRAs, whether Traditional or Roth, and hold physical gold for you.
I use them and find them pretty easy to deal with, although you will need to have a dealer to sell you the gold. They don't buy or sell gold themselves, I believe because that is prohibited by IRS regulations.
Thanks for the suggestion. I may look into that in the future.
sophie wrote:
Wed Apr 15, 2020 10:38 am
Yes, for a 401K/IRA that allows you to buy gold at all, you have two options:

1) A gold IRA like the one Tech suggested. Fidelity can do it too (unallocated gold bullion coins held in Nova Scotia). This only applies to IRAs though. You can't do it in a 401K. There are also restrictions on the specific coins you can buy.

2) Gold ETFs. I am not comfortable with IAU or GLD, but others on the forum are - do your own homework. AAAU is my current favorite - it's the Perth Mint's new ETF, low volume but backed by the Mint's gold store, and by inference the government of Australia. IMHO that is far safer than a private ETF that is doing backroom deals with its gold holdings to make extra $$ on the side. SGOL may be mildly better than IAU/GLD, but it's expensive.
My Roth IRA is with Vanguard. Can I buy Gold ETFs inside of that?
Post Reply