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Gold in Your RRSP or TFSA: Where to Open an Account

For 2024, we’ve reviewed all the Canadian companies that can help you invest in physical precious metals (c.f. Investment-grade bullion gold & silver) through an RRSP, TFSA, LIRA or other type of retirement account. See our updated ranking table below:

Company Name:RRSP Account Page:Read Review:Offers Physical Bullion?Acts as Bullion Dealer:Offers Gold and Silver Certificates:Commission on Bullion or Certificate Trades:Both Local & Offshore Storage Option:Storage or Safekeeping Fees:Minimum Purchase:U.S. funds:Annual Fee:Commission on Basic Online Equity Trade:Other Fees:Option to Take Delivery of Physical Bullion:Handles the Entire Process?:Visit Website:
Logo SilverGoldBull
4.5 out of 5 stars
Open AccountREAD REVIEWNormally 5% to %10 depending on the type of product. We recommend asking them which bullion bars are on special when you call.
  • segragated storage: $250 FLAT rate regardless of the size of the account
$5,000$250 for storageNoneNone silvergoldbull.ca

4 out of 5 stars
Open AccountREAD REVIEW
  • Bullion: 9.25%
Yes (1.25%)$1,000None$19.95/tradeNoneguildhallwealth.com

4 out of 5 stars
Open AccountREAD REVIEW
  • Bullion: 4%
Individualized$300U.S. or CanadianNone$19.95/tradeInactivity fee ($20/quarter)bordergold.com

3 out of 5 stars
Open AccountFull Review Coming Soon
  • Certificates: 0.25% of trade value (under $100,000) or 0.125% of trade value (over $100,000)
  • minimum: $39.95
  • 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
  • gold certificate: 10 oz
  • silver certificate: 500 oz
  • $100
  • waived for accounts over $25,000 or over 12
  • commissionable trades/year
  • $24.99
  • $9.99 for accounts over $50,000 or after 30 trades/quarter
  • $4.99 after 150 trades/quarter
  • $25/quarter for low activity, waived if balance is over $25,000
  • $30/quarter for U.S. friendly RRSP
scotiabank.com
td_waterhouse_logo
3 out of 5 stars
Open AccountFull Review Coming Soon
  • Gold certificate: $25 + $0.60/oz
  • silver certificates: $25 + $0.02/oz
  • safekeeping gold certificate: $0.01/month/oz
  • safekeeping silver certificate: $0.001/month/oz
  • gold certificate: 1 oz
  • silver certificate: 10 oz
  • $100
  • waived for accounts over $25,000
  • $9.99
  • $7 after 150 trades/quarter
  • None
td.com
Scotiabank
3 out of 5 stars
Open AccountFull Review Coming Soon
  • 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)
  • safekeeping gold certificate: $0.001091/oz/year
  • safekeeping silver certificate: $0.00012/oz/year
  • gold certificate: 10 oz
  • silver certificate: 100 oz
  • $100
  • waived for accounts over $25,000
  • $6.95
  • $25/quarter for low activity if balance is under $25k
  • $30/quarter for U.S. friendly RRSP
cibc.com
rbc-logo-2001-present
3 out of 5 stars
Open AccountFull Review Coming Soon
  • Gold certificate: $28.95/trade + $1/oz
  • silver certificate: $28.95/trade + $0.10/oz
  • minimum commission is $43/trade
  • no safekeeping fee
  • gold certificate: 5 oz
  • silver certificate: 100 oz
  • $25/quarter
  • waived for accounts over $15,000
  • $9.95
  • $6.95 after 150 trades/quarter
  • None
rbcroyalbank.com
Bank_of_Montreal 2
3 out of 5 stars
Open AccountFull Review Coming Soon
  • Gold certificate: $35 + $1/oz
  • silver certificate: $35 + 0.10/oz
  • no safekeeping fee
  • gold certificate: 5 oz
  • silver certificate: 50 oz
  • $100
  • waived for accounts over $25,000
  • $9.95
  • None
bmo.com

You may be wondering why banks have the lowest ratings when it comes to precious metals investments in retirement accounts? Mainly for two reasons: one, banks tend to offer “paper gold” products instead of actual physical bullion. Paper gold means things like certificates, stocks, futures, and ETFs. If you want to invest in gold for long-term protection and diversification from paper assets, experts agree that owning the physical metal is the best way to go.

The second reason banks have the lowest ratings in our table is because they have horrible customer service for these types of accounts. Banks don’t really specialize in precious metal investing and it shows. They often only have one person in the entire bank that can assist precious metal buyers and it’s often extremely hard to get ahold of this representative. Banks also don’t offer a turnkey service and will expect you to know how to fill out all the forms on your own.

On the other hand, Canadian bullion companies like SilverGoldBull and Guildhall Wealth offer more of a turnkey service and will guide you every step of the way. They have great customer service too since precious metal is their bread and butter.

Out of all the Canadian banks and bullion companies we reviewed, Silver Gold Bull took the #1 spot for having some of the lowest commissions, great customer service, and for offering a complete turnkey service for RRSP and TFSA accounts interested in buying physical gold and silver.

 

Will Your Retirement Weather the Next Financial Crisis?

 

Gold has been used as an inflation hedge and a way to preserve wealth for millennia. We partnered with Silver Gold Bull, Canada’s top-rated gold company (with over 280,000 five-star reviews), to offer Canadians a low-cost and tax-advantaged way to buy gold and silver through an RRSP/TFSA or another retirement plan.

 

 

Request More Info

Website: www.SilverGoldBull.ca

Speak to an Expert: (877) 707-4707

 

» Visit SilverGoldBull Review

1 Comment on Gold in Your RRSP or TFSA: 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.

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