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:
	Open Account	READ REVIEW				Normally 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 storage	None	None			silvergoldbull.ca
	Open Account	READ REVIEW				Bullion: 9.25%		Yes (1.25%)	$1,000		None	$19.95/trade	None			guildhallwealth.com
	Open Account	READ REVIEW				Bullion: 4%		Individualized	$300	U.S. or Canadian	None	$19.95/trade	Inactivity fee ($20/quarter)			bordergold.com
	Open Account	Full 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
	Open Account	Full 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
	Open Account	Full 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
	Open Account	Full 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
	Open Account	Full 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.