Can You Invest in Gold in Fidelity 401k?

Investing for retirement is a crucial financial goal, and one of the most popular retirement savings vehicles in the United States is the 401(k) plan. These employer-sponsored retirement accounts offer numerous investment options, but many individuals wonder if they can include gold in their Fidelity 401(k). In this article, we will explore the possibility of investing in gold within your Fidelity 401(k) and provide you with insights into how to do it.

Understanding Fidelity 401(k)

Before we dive into the specifics of investing in gold in your Fidelity 401(k), let’s first understand what a 401(k) is and how it works.

A 401(k) is a tax-advantaged retirement savings account offered by employers to their employees. Employees can contribute a portion of their pre-tax income to this account, and in many cases, employers will match a portion of these contributions. The money in the 401(k) account can then be invested in various assets, such as stocks, bonds, mutual funds, and more.

However, the investment options available within a 401(k) plan are determined by the employer and the plan administrator, which is often a financial institution like Fidelity. This means that the range of investment choices can vary from one plan to another.

Investing in Gold in Fidelity 401(k)

The ability to invest in gold within your Fidelity 401(k) largely depends on the specific investment options offered by your employer’s plan. Typically, most 401(k) plans do not offer direct investment in physical gold, such as gold bars or coins. However, there are alternative ways to gain exposure to the gold market within your 401(k):

  1. Gold ETFs (Exchange-Traded Funds): Fidelity, like many other investment platforms, offers a variety of exchange-traded funds (ETFs), some of which track the performance of gold. One popular gold ETF is the SPDR Gold Trust (GLD), which aims to reflect the performance of the price of gold bullion. You can invest in such ETFs through your Fidelity 401(k) account.
  2. Gold Mining Stocks: Another way to indirectly invest in gold is by purchasing shares of companies engaged in gold mining and production. Fidelity likely offers various mutual funds or ETFs that focus on precious metals or mining stocks, which can provide exposure to the gold sector.
  3. Precious Metals Funds: Some 401(k) plans offer mutual funds specifically dedicated to precious metals, including gold and silver. These funds invest in a diversified portfolio of companies in the precious metals industry.

It’s essential to check with your plan administrator or review the investment options available in your Fidelity 401(k) to see if any of these options are offered. Keep in mind that investment options can change, so it’s a good idea to regularly review your plan’s investment choices.

Things to Consider

Before investing in gold or any other asset within your Fidelity 401(k), consider the following:

  1. Risk Tolerance: Assess your risk tolerance and investment goals. Gold can be a volatile asset, and its performance may not align with your retirement objectives.
  2. Diversification: Ensure that your overall retirement portfolio is diversified to manage risk effectively. Don’t put all your retirement savings into a single asset class like gold.
  3. Costs: Be aware of any fees associated with the investment options within your 401(k) plan, as they can impact your returns over time.
  4. Tax Implications: Understand the tax implications of your 401(k) investments, as different assets may have varying tax treatment upon withdrawal.


While you may not be able to invest directly in physical gold within your Fidelity 401(k), you can gain exposure to the precious metal through alternative investment options like gold ETFs, mining stocks, or precious metals funds. It’s essential to research your plan’s available options and consider your financial goals and risk tolerance before making any investment decisions. Consulting with a financial advisor can also help you make informed choices regarding your retirement investments. Remember that the key to a successful retirement strategy is diversification and a long-term perspective.