Silver Gold Bull Review
Silver Gold Bull is a precious metal dealer based in Calgary, Alberta that mainly operates through their website silvergoldbull.com. The site is well designed and user-friendly. Founded in 2006, Silver Gold Bull focuses on educating investors about precious metals and providing the best prices or lowest premiums on a large selection of bullion.
As a high standing member of the Better Business Bureau (A+ rating), they have a solid reputation for customer service and a low price guarantee. Silver Gold Bull has grown from a small silver dealer in Calgary to one of North America’s largest dealers. Today, they buy and sell gold, silver, platinum, palladium, rhodium and copper coins and bullion as well as gold and silver jewellery and even diamonds.
Gold and Silver for Your RRSP
Silver Gold Bull recently initiated a program that services Canadians who want to include physical gold and silver in government registered accounts, such as RRSPs. They became a registered dealer for Questrade and began to offer a selection of gold and silver that meet the government’s requirements to be included registered accounts.
If you wish to buy bullion for your RRSP through Silver Gold Bull, you must first open a self-directed registered account with Questrade. You will also need to open an account with Silver Gold Bull and fill out an authorization form to link it to your Questrade RRSP. There are no fees for opening either of these accounts. Because the bullion program uses U.S. dollars, you will need to fund your Questrade with a minimum of USD $1000. This is the minimum bullion purchase and the minimum funding to open a Questrade account. Questrade allows investors to hold both U.S. and Canadian dollars in the same account to avoid fees for exchanging currency.
Silver Gold Bull will send a confirmation when the accounts are set up and you can then start purchasing bullion. Purchases and sales must be completed over the phone during regular office hours. To make a trade, you simply call Silver Gold bull and talk to a sales representative. They will debit or credit your Questrade account the following day. You will receive an email to confirm your trade and another confirmation when your bullion is shipped to storage at Brinks in Ontario.
This is an IIROC approved facility. Storage costs are 1% of the market value of your bullion per year, which is broken down into monthly payments based on the value of your holdings on the last day of each month. The fees can come out of a separate margin account at Questrade or simply be deducted from your Questrade RRSP account.
Selection of Bullion
A selection of RRSP eligible gold and silver are available on Silver Gold Bull’s website. They offer gold maple leaf coins in 1/4 oz, 1/2 oz and 1 oz denominations as well as the Royal Canadian Mint 1 oz gold wafer bar. Silver coins must be purchased in tubes of 20-25 coins. They offer 1 oz silver maple leaf coins and 1/2 oz Calgary stampede silver coins (shown to the left) as well as a 100 oz silver bar from the Royal Canadian Mint. You can also buy ‘monster’ boxes of coins that hold either 500 1 oz coins or 240 1/2 oz coins.
Fees and Fine Print
According to our reviews, Silver Gold Bull is one of the most cost effective options (if not THE most cost effective option) for adding physical silver and gold to your RRSP. They do not charge a commission but you are required to pay Questrade’s commissions of $19.95/trade, which is priced into the bullion premium. So, when you buy for your Questrade account, you pay slightly more than the prices shown online. There is also an inactivity fee of $19.95/quarter that applies to accounts under $5000 that do not make any trades. The storage fees are competitive and in-line with other dealers working with Brinks Canada.
Silver Gold Bull Mint Rating & Complaints
BBB Rating: A+ (Details)
BBB Compaints: 0 Complaints in the past three years. (Details)
Yelp: Not Listed
Yellow Pages: Not Listed
Google+: Not Rated (Profile)
Facebook: (4.2 / 5) based on 295 reviews. (Profile)
TrustLink: Not Listed
SiteJabber: Not Rated (Details)
Silver Gold Bull Storage Information
Cost: 0.5% Annually
- Double audited & insured
- Safe – secure – private
- Zero counter-party risk
- 7 Locations Worldwide:
- UNITED STATES: New York & Los Angeles
- CANADA: Calgary & Toronto
- EUROPE: Frankfurt & Zurich
- ASIA: Singapore
Silver Gold Bull Shipping/Delivery Infromation
All orders ship fully insured and all orders above $99 ship for free – for orders below $99 shipping is $6.95.
Your order will pack within 2 business days of cleared payment. We make sure you get your product, and that means your orders are shipped with reputable, global carriers and always include tracking, signature and insurance.
Secure, safe and anonymous packaging
All of their shipments are securely packed and anonymously labelled, with no disclosure of the contents or value of the package. All shipments are packaged to maximize protection of your investment.
Tracking numbers are issued for every delivery
All packages leaving the facility are issued a tracking number that allows both parties to follow the shipment through the delivery process. You will receive an email containing your tracking number when the shipment leaves the facility. This allows you to follow your investment through every portion of the delivery. In addition, you can also access this tracking number by logging in to your account on the Silver Gold Bull website, entering your dashboard and clicking the view button for the order. The dashboard section also allows you to follow your order through every stage of the process after you have placed it.
Fully insured for the value of the contents
Your investment represents your hard earned savings, and you can have complete confidence in knowing that all packages leaving the facility, regardless of value, are insured for their full value. In the extremely unlikely circumstance that something happens to your package, rest easy, you are fully covered. All of the shipments require a signature in order for you to receive delivery. If you have instructions on file with a carrier that they are to leave deliveries on your doorstep without a signature we cannot be responsible for your package, and insurance will be void. Once your package has been signed for, insurance is no longer valid and your investment is safe in your hands!
Silver Gold Bull Promotions, Discount Coupons, or Vouchers
There are no current known or posted promotions.
Silver Gold Bull Founders & Management Team
Currently no information is available on the founders or management team online.
Silver Gold Bull Store/Branch Locations
Silver Gold Bull on the Web
Silver Gold Bull is our #1 ranked gold dealer and gold RRSP provider in 2016. While reviewing this company, we found out that they have some of the most lowest fees and premiums. Also, Silver Gold Bull has a lot of positive feedback from its previous customers. Silver Gold Bull has a solid reputation for customer service, coin selection and a low price guarantee. As an affiliate bullion dealer for Questrade, they provide additional expertise and investment advice when it comes to RRSP and TFSA gold investments. They are also competitive in terms of fees and premiums. Definitely recommended! Your silver or gold will be stored in a fully allocated and segregated storage facility at Brinks in Calgary until you want to take possession or sell.