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Dillon Gage Metals Review

Dillon Gage Metals, based out of Dallas, Texas, is a pillar in the precious metal industry and has been in operation for nearly 30 years. The company serves metal dealers, financial institutions, banks, brokerages and high net worth clients. It is one of a handful of companies that is authorized to buy precious metals from the world’s major mints, including the Royal Canadian Mint. While largely involved in the wholesale distribution of precious metals, Dillon Gage Metals also develops digital bullion trading platforms and they are involved in refining and storing metals and diamonds.

In July 2015, Dillon Gage become the first U.S. based affiliate bullion dealer for Questrade, a rapidly growing online discount brokerage in Canada. This means Canadians can buy gold and silver from Dillon Gage and store it in an RRSP or TFSA brokerage account along with many other investments including stocks, GICs, bonds, ETFs and mutual funds.

Access High Tech Trading Tools and Trade Online

Questrade’s bullion traders use Dillon Gage’s electronic platforms for bullion transactions. Dillon Gage has developed a ‘closed loop retirement account solution’ for their electronic trading platform. It is a sophisticated system with internal checks and balances that allows bullion dealers or brokers to keep up to date on client’s assets. It also allows registered account holders to trade bullion online while accessing Dillon Gage’s sophisticated platform. According to Robyn Sprott, managing director of IDS of Canada:

“The closed loop retirement platform streamlines the process for all parties and increases business opportunities for dealers to assist their clients in diversifying assets through an often tax-effective vehicle. Metals dealers and wealth advisors should consider Closed Loop RSPs as a streamlined investment option that increases their clients’ purchasing power into precious metals.”

They recently added a price alert option for account holders. Dillon Gage is the only Questrade affiliate that offers online bullion trading directly to registered investors. They also service U.S. IRA accounts.

Buying Gold and Silver for Your RRSP

The first step to buying physical gold or silver in your RRSP is to open and fund an account with Questrade. Opening a self directed registered account at Questrade can easily be done online. Questrade allows you to hold a balance in U.S. dollars, which you will need to buy bullion. The minimum initial funding is $1000 but Dillon Gage has a $10,000 minimum bullion order.

You can open an account at Dillon Gage Metals by emailing trading@dillongage.com  and requesting the paperwork. There are no fees for opening the account and no annual fees.  The paperwork will include a dealer authorization form to link your Questrade account with Dillon Gage Metals. Finally, fund your Questrade account with cash or by transferring another registered account.

At this point you are ready to start trading bullion. To make a trade, you can call Dillon Gage Metals directly. However, given the sophistication of FizTrade, Dillon Gage’s online trading platform, it is worth signing up for the online site. You will be able to make real time trades and access powerful tools.

Storage and Fees

Dillon Gage does not charge commission directly. Instead you pay a premium over spot price. The metal is shipped and stored at IDS of Canada. Dillon Gage Metals is the parent company IDS of Delaware, of which IDS of Canada is a subsidiary. IDS was the first private precious metal storage facility in Canada and is one of seven approved storage facilities for registered investments. All registered accounts are fully allocated and segregated. The storage fees will vary depending on the value of your assets but there is a minimum monthly fee of $25. Remember to keep enough cash in your Questrade account to cover these costs.

You can ship precious metals into Canada without paying taxes only if they meet the requirements to be classified as a registered investment. Gold and silver bars can be ingots, coins or wafers and must be issued by government authorities as legal tender. Gold must be 99.99% pure and silver must be 99.5% pure.

 

Dillion Gage Rating & Complaints

BBB Rating: A+ (Details)
BBB Compaints: 0 Complaints in the past three years. (Details)
Yelp: Not Listed
Yellow Pages: 1 out of 5 stars based on 1 review. (Details)
Google+:  Not Listed
Facebook: 4.6 out of 5 stars based on 19 reviews. (Profile)
TrustLink: Not Listed
SiteJabber: Not Rated (Profile)

Dillion Gage Storage Information

Cost: Unknown 

  • 100% Allocated & Segregated Storage
  • Direct Ownership
  • Lloyds of London Insurance Underwriter
  • Discreet and Confidential
  • Online Access through Vault Direct
  • Non-Bank/Financial Institution
  • Global Distribution
  • UL(C) / Class 3 Vault

Dillion Gage Shipping/Delivery Infromation

Dillion Gage strives to ship orders within 48 hours of receiving your electronic request. At your request, orders can ship insured, via Federal Express, UPS or Postal service.

 

Dillion Gage Promotions, Discount Coupons, or Vouchers

There are no current known or posted promotions.

Dillion Gage Founders & Management Team

miller-headshot1President & Chief Executive Officer Founder, Stephen W. Miller was already an experienced entrepreneur when he founded the company in the late 70’s. Miller believes in community service and to that end, he is a co-founder and President of HELPS International (HELPS).

Dillion Gage Store/Branch Locations

Currenly Dillion Gage has no retail or branch stores.

Corporate: 15301 Dallas Parkway Suite 200 Addison, Texas 75001

Dillion Gage on the Web

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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.



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