Dude, FSAGX = Fidelity Select Gold Fund.
He wanted a gold fund that compares favorably to or mirrors the performance of bullion, thus my comparison to the etfs. I could just have easily used the spot gold price for comparison.
I see where you're coming from.
Well, I have owned FSAGX since Oct. 11, 2010 which turned out to be a very bad entry point. If you look at a 3 yr chart and compare with IAU or GLD it matched them very well up until around the end of 2010. From that point forward I guess the miners have way underperformed the bullion and FSAGX has a lot of miner exposure. I keep hoping it will turn around.
I have heard rumors that the gold miners are being heavily short sold by some of the big banks. Maybe just a myth, who knows.
M_M Just as we reported to you no ETF's in the 401k so FIDELITY SELECT GOLD is the answer. You may have to file some extra paper work to get FIDELITY SELECT GOLD because they tend to not offer it for some reason (thinking it makes money over the last 10 years and you may like it and none of the other losers they offer)
The price would be what the last closing price is during business day. So you know all too well approximately where you would be filled.
Regarding why a mutual fund over an ETF - it's simple. Our retirement plan only allows mutual fund buying/selling - nothing else.