Gold has been proven to be an instrumentalinvestment choice for a number of reasons over the decades. Its value has been proven to remain unshaken though tough economic times and besides investing through IRA accounts like most investors do today is proving to have better returns thanks to the diversity of options. There have been a lot of billionaires that have taken major risks in investing in gold which has proven to have better returns over time, especially when considered to be long term investments. Discussed here are the top billionaires around the world that have seen it fit investing heavily in gold and gold-backed instruments.

1. Warren Buffet

According to warren Buffet, Gold has been proven to be better performing than most stocks in the market including his own Berkshire shares. Speculators presume his large gold investment to be a bet against US banking system as the company reduced its stake in Wells Fargi, JP morgan and Goldman Sachs. He currently has invested over $564 million into gold and gold instruments making him one of the successful innovators around today. His philanthropic side has promised the world donation of over 99% of his wealth to charity organizations around the world.

2. Ray Dalio

Like all other investors here worth their weight, Ray has invested over $40 million in gold over the past few years. Being a philanthropist, he has donated over $850 million to charity events and organizations around the world.He founded Bridgewater Associates and is worth over $17 billion. He onlyinvested heavilyin gold to reflect the level of risk present in the market and economy today. He is against holding cash as he assumes that the chance for growth of paper currency is highly limited and also susceptible to a number of changes.

3. Sam Zel

Sam Zell founded Equity Group Investments after initially being in real estate businesses.He is the chairperson of 5 public companies that form the largest real estate investment trusts in the United States. He is worth $4.8 billion and has made a hefty investment in gold over the years while urging others to do the same. He first started investing in gold in 2019 with his excuse being in the rarity of large deposits. His reason for holding off was due to the cut of price of gold made in the 2011 corrections. The decrease in supply of gold will eventually affect the general price of gold hence the margin for profit created.

4. Paul Singer

The total networth of Paul Singer is around $3.6 billion who became rich after founding his hedge fund firm called Elliot management. The firm was established back in the year 1977 and is worth over $1.3 million.Paul thinks gold is an undervalued asset which is why he has invested through his hedge fund and encourages people to do the same. One of the many reasons for increased investment in gold currently includeslow-interest rates and disruption to mining. Gold has the ability tomaintain its value over a long time unlike most currencies which is what makes it a perfect long term investment.

Since time memorial gold has been established to be an ideal long term investments thanks to its stability and inability to fluctuate in value. A lot of people using Fidelity have wondered whether they can venture into gold and other precious metals investments through Gold IRAs and the answer is also diverse. While Fidelity offers gold-related products, for instance stocks, EFTs and funds, it is slightly challenging to directly invest in gold using Fidelity. There are different ways that you can invest in IRA gold through Fidelity but indirectly as you will later on learn. Here are some of the gold products provided by Fidelity that you can invest in today.

Reviewing Fidelity Gold IRA

The gold IRA fidelity is in a class of it’s own, offering the below you can invest in.

1. Precious metals

Yes, you can use your Fidelity retirement account to invest in gold, silver, platinum and even palladium, however through a unique program designed for the same. Direct Investing Program of Fidelity is what you will use to invest through paper but in different types of precious metals that capture your interest. Investing directly in gold or other precious metals through your Fidelity accounts impossible which is why other avenues are created to be utilized for investment in precious metals. Proper research into the different precious metals available for investing should be done to determine the market trends, possible growth in value in the future and the ideal options to invest in before you choose to make your paper investment.

2. Individual Stocks

If you research well, you can create a long shortlist of companies that invest in gold and silver mining firms. From the shortlist you can compare and contrast the different options before you choose the ideal one to invest in through your Fidelity retirement account. Such stocks take you closer to the market for precious metals around the world improving your awareness on the same. You should check company credentials to determine the one that best fits your investment profile and goals.

3. Mutual Funds

There are mutual funds provided by Fidelity to investors that have taken interest in gold and silver. With the funds investors can gain more exposure to the market of the metals and make their investment without having to deal with physical gold. Did you know that FSAGX allocates over 50% of its assets to gold while FSHAX invests over a third of all its assets in Gold?  Mutual funds can therefore be a great way to plan for your retirement through making such investments.

4. Traditional IRAs

Did you know that you can use Fidelity retirement account for investing in wide range of precious metals? Some of the metals you can invest in are gold, silver and even palladium. You can however only do it via paper investments provided to you through Fidelity, for instance stocks and EFTs. Thanks to Fidelity both self-directed IRAs and employer-sponsored account can enjoy diverse plans that allow them to proceed with the investment. You can also check out other companies that allow you to hold physical gold via your new IRA account.

Most investors, especially those who are investing for their retirement would like to invest in something viable and at the same time, can make their money grow.

The first few things that will come in an investor’s mind when it comes to investing are bonds and stocks. Although these two are the most popular, you cannot deny the fact that precious metals’ presence is becoming more and more obvious in the world of investing.

Apart from buying precious jewelry and/or other assets, such as real estate, you can as well direct your funds to precious metals IRA.

To know more about this type of investment, read this article.

Precious Metal IRA Introduction

Before going any further, what does a precious metal Individual Retirement Account mean? This is a type of retirement that lets account owners invest in precious metals, such as gold, silver, platinum and palladium.

If you use your IRA funds to buy precious metals, you do not need to add taxes upon your precious metal purchase.
There is no requirement to pay for taxes as the account holder withdraws funds to pay for the precious metal, he/she wants to purchase.

Investing in an Individual Retirement Account is safe and secured, hence no reason to worry when you use this form of retirement investment.

There are many precious metals you can invest your hard earned money into, and to name 4 of them, read below:

Gold

Yes, gold is indeed the most popular kind of precious metal investment. Through gold, you can broaden your portfolio in the absence of worrying about the fluctuating market and interest rates.

Needless to say, if you need money in the near future, this is not the best investment for you. Gold is a good investment for those who do not want to take expensive risks, but are willing to wait for a long time as gold is more preferred for long term investments.

Silver

Silver is a perfect investment option to those who do not have much capital available to invest. Invest in silver today and reap the interest as you retire.

Platinum

One of the reasons why platinum is valuable and important is because platinum is being utilized in different industrial applications. Although not as prominent as of the moment, sooner, with the help of technology, platinum can be used in replacement of gold for space exploration and electronics.

Currently, platinum is present in dental fillings, watches, automotive parts and jewelry.

Palladium

Gold and palladium are considered to be the safest investments in the precious metal portfolio. This type of metal is present in either electronic and physical forms and it is considered to be a good alternative asset to invest into.

One of the reasons why people are choosing palladium is because they know that this precious metal is stable. Adding this on your portfolio, cannot only diversify your account but it can also give you a huge potential of investment growth.

Even during the economic crisis, palladium never bows down.