News Ticker

Gold in Your RRSP: Where to Open an Account

goldcoinsbarsforinvestorsBecause 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 a approved vault. If perhaps you might want to take possession of the metal one day, Questrade is the only brokerage that will store your bullion. Fortunately, Questrade is very competitive overall. 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.

 Logo Regal Assetslogo_questrade_clearLBDB_logo_enscotiatd_waterhouse_logo5_1rbc-logo-2001-presentBank_of_Montreal 2
RRSP account PageOpen Regal Assets Gold RRSP AccountOpen Questrade RRSPOpen LBDB RRSPOpen Scotia Bank RRSPOpen TD RRSPOpen CIBC RRSPOpen RBC RRSPOpen BMO RRSP
Variety of High Purity Bullion Products
Acts as Bullion DealerAffiliate dealers (fees and products will vary) Cache Metals
Offers Gold and Silver Certificates


Commission on Bullion or Certificate TradesNo commissions on trades. Low annual fees apply only for storage and account administration.
  • bullion: $19.95/trade
  • bullion: $25/trade
  • certificates: 0.25% of trade value (under $100,000) or 0.125% of trade value (over $100,000)
  • minimum: $39.95
  • gold certificate: $25 + $0.60/oz
  • silver certificates: $25 + $0.02/oz
  • certificates: $40 + 0.25% of trade value (under $20,000) or $40 + 0.125% of trade value ($20,000-$100,000) or $40 + 0.105% of trade value (over $100,000)
  • gold certificate: $28.95/trade + $1/oz
  • silver certificate: $28.95/trade + $0.10/oz
  • minimum commission is $43/trade
  • gold certificate: $35 + $1/oz
  • silver certificate: $35 + 0.10/oz
Both Local & Offshore Storage Option
Storage or Safekeeping Fees
  • segragated storage: $250 FLAT rate regardless of the size of the account
  • pooled storage: 0.25% of market value
  • segregated storage: 1.50% of market value
  • gold pooled storage: $0.10/month/oz
  • silver pooled storage: $0.01/month/oz
  • safekeeping gold certificate: $0.0003/oz/day (up to 2000oz)
  • $0.0002/oz/day (2000 oz -10,000 oz)
  • 0.0001/oz/day (over 10,000 oz)
  • safekeeping silver certificate: $0.05/50 oz/month
  • minimum annual fee: $5
  • safekeeping gold certificate: $0.01/month/oz
  • safekeeping silver certificate: $0.001/month/oz
  • safekeeping gold certificate: $0.001091/oz/year
  • safekeeping silver certificate: $0.00012/oz/year
  • no safekeeping fee
  • no safekeeping fee
Minimum Purchase$5,000
  • varies with dealer
  • gold: 10 oz
  • silver: 100 oz
  • gold certificate: 10 oz
  • silver certificate: 500 oz
  • gold certificate: 1 oz
  • silver certificate: 10 oz
  • gold certificate: 10 oz
  • silver certificate: 100 oz
  • gold certificate: 5 oz
  • silver certificate: 100 oz
  • gold certificate: 5 oz
  • silver certificate: 50 oz
U.S. funds
Annual Fee$250 for storage
  • 0.25% to 1.50% of market value + additional fees depending on product and options chosen
  • $75
  • waived for accounts over $25,000
  • $100
  • waived for accounts over $25,000 or over 12
  • commissionable trades/year
  • $100
  • waived for accounts over $25,000
  • $100
  • waived for accounts over $25,000
  • $25/quarter
  • waived for accounts over $15,000
  • $100
  • waived for accounts over $25,000
Commission on basic online equity tradeNone
  • $0.01/share
  • (minimum charge is $4.95 and maximum is $9.95)
  • $9.95
  • $24.99
  • $9.99 for accounts over $50,000 or after 30 trades/quarter
  • $4.99 after 150 trades/quarter
  • $9.99
  • $7 after 150 trades/quarter
  • $6.95
  • $9.95
  • $6.95 after 150 trades/quarter
  • $9.95
other feesNone
  • $19.95/quarter inactivity fee for accounts under $5000 if no trades are made
  • gold is spot price plus 5%
  • silver bars are sold with a $3/oz premium over spot price and silver coins sold at spot price plus $3.75
  • $25/quarter for low activity, waived if balance is over $25,000
  • $30/quarter for U.S. friendly RRSP
  • None
  • $25/quarter for low activity if balance is under $25k
  • $30/quarter for U.S. friendly RRSP
  • None
  • None
Option to Take Delivery of Physical Bullion
Full ReviewRegal Assets ReviewQuestrade ReviewLBDB ReviewFull Review Coming SoonFull Review Coming SoonFull Review Coming SoonFull Review Coming SoonFull Review Coming Soon
Visit WebsiteGo to Regal Assets Canada websiteGo to Questrade websiteGo to LBDBGo to Scotia BankGo to TDGo to CIBCGo to RBCGo to BMO
Logo Regal AssetsQuestrade Inc. (CNW Group/Questrade Inc.)LBDB_logo_en

We recommend Regal Assets in 2017

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.

Request your free Gold RRSP/TFSA Kit Now

 

Regal Assets is now offering a free Gold RRSP/TFSA investment guide which includes, for a limited time, a free edition of Forbes magazines where Regal Assets was featured and a free DVD about the future of the dollar and economy. Get it now!

1 Comment on Gold in Your RRSP: Where to Open an Account

  1. Dedicated servers // July 31, 2017 at 7:02 am //

    Furthermore, gold placed in RSP accounts through Laurentian Bank Securities is stored under the most stringent security measures in the vaults of Brinks Canada Limited, one of only 6 entities that are considered suitable to hold LBMA Gold delivery bars by IIROC.

Comments are closed.