Because there are a plethora of advantages to counting gold among your investments and a multitude of options available to gain exposure to the price of gold, a review of the details is a vital part of choosing where to start. If you want to invest in physical bullion in a registered account, it must be stored in an approved vault. If you are looking for various storage options, Regal Assets is the only brokerage that will store your bullion in one of their vaults located across North America. Fortunately, Regal Assets is also one of the most competitive when it comes to pricing, recurring fees and premiums. If you would like to hold gold certificates in a registered account, there are a handful of brokerages to choose from. ETFs, equity investments in gold companies and mutual funds that focus on gold are investments that are available through many discount brokerages.
The following table reviews the brokerage subsidiaries of Canada’s big banks and the major online discount brokers that service self-directed registered accounts and provide specific investment options linked to gold, gold certificates or gold bullion. The following accounts hold a large variety of securities including GICs, fixed income, equity, ETFs and mutual funds. They are included in this review because they service investments in gold bullion or certificates of ownership.
|RRSP account Page||Open Regal Assets Gold RRSP Account||Open Questrade RRSP||Open LBDB RRSP||Open Scotia Bank RRSP||Open TD RRSP||Open CIBC RRSP||Open RBC RRSP||Open BMO RRSP|
|Variety of High Purity Bullion Products|
|Acts as Bullion Dealer||Affiliate dealers (fees and products will vary)||Cache Metals|
|Offers Gold and Silver Certificates|
|Commission on Bullion or Certificate Trades||No commissions on trades. Low annual fees apply only for storage and account administration.||
|Both Local & Offshore Storage Option|
|Storage or Safekeeping Fees||
|Annual Fee||$250 for storage||
|Commission on basic online equity trade||None||
|Option to Take Delivery of Physical Bullion|
|Full Review||Regal Assets Review||Questrade Review||LBDB Review||Full Review Coming Soon||Full Review Coming Soon||Full Review Coming Soon||Full Review Coming Soon||Full Review Coming Soon|
|Visit Website||Go to Regal Assets Canada website||Go to Questrade website||Go to LBDB||Go to Scotia Bank||Go to TD||Go to CIBC||Go to RBC||Go to BMO|
As you can see from the table above, Regal Assets stands out as being the only true specialized Gold RRSP/TFSA company in the country. Amongst all companies we reviewed, Regal Assets is the only one that handles the entire process of setting up your gold retirement account, from opening up the account, to helping you choose RSP-approved metals and helping you with storage. The other companies we reviewed have limited options when it comes to Gold RSP investments.
Regal Assets is also the only option if you want segregated (allocated) storage for your metals at a FLAT rate. Questrade offers this option too but at a scaled (% based) rate, which means your annual cost will increase based on the total value of your account.
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