Silver Gold Bull Review: Is This Canadian Precious Metals Company Worth a Shot?

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Silver Gold Bull
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Silver Gold Bull Review Summary:

Silver Gold Bull is a precious metals investment company located in Calgary, Alberta. This Canadian firm has an extensive catalog of precious metals products. The selection of bullion appeals to retirement savers, investors, and collectors alike. Because the company is from Canada, it cannot partner with any gold IRA custodian. Yet, for Canadian clientele, the firm does offer a seamless process for diversifying Registered Retirement Savings Plans (RRSPs), and other Canadian registered savings plans into physical precious metals bullion. Although they charge higher markups than some competitors (5%), they offer a large selection, fully insure their products, and have no startup fees.

Disclosure: Our content does not constitute financial advice. Speak to your financial advisor. We may earn money from companies reviewed.  Learn more

Company Info and Background

Founded in 2006, Silver Gold Bull is based in Calgary, Alberta, Canada. This precious metals investment firm offers an impressive amount of bullion products for a myriad of clientele. There are investment-grade products for those wishing to gain exposure to precious metals for their portfolios.

Those wishing to include precious metals in a self-directed IRA can choose from a fairly diverse array of popular IRA-eligible gold, silver, platinum, and palladium coins and bars. For collectors, there are numerous rare coins and collectibles available, although many of these aren't eligible for IRA, 403(b), or 401(k) inclusion. (Here's a handy guide to check which metals are IRA-approved.)

Silver Gold Bull also has an excellent buyback program. On its website, the company states that it will purchase everything from unwanted jewelry to old silverware. Likewise, it ensures that upon examination and verification, customers receive the “locked-in” agreed-upon price for the precious metals within one business day via direct deposit.

Silver Gold Bull Management Team

Curiously, Silver Gold Bull does not provide any details regarding its management team. However, LinkedIn lists Mihali Belandis as the managing partner of the firm.

Silver Gold Bull Custodian and Storage

Silver Gold Bull has partnered with world-renowned Brink's for the storage of precious metals. The fully allocated and insured facilities operate outside the banking system and are a zero counterparty risk. Secure facilities are located in several locations including:

  • Calgary
  • Toronto
  • Vancouver
  • Salt Lake City
  • Utah
  • Singapore

Because Silver Gold Bull is headquartered in Canada, it cannot partner with any IRA custodians. Instead, for Canadian clientele who are inclined, they do offer a seamless process for diversifying RRSPs and other Canadian registered savings plans into physical precious metals bullion.

Currently, Silver Gold Bull offers storage costs in the range of 1% of the account's value per annum. This would amount to roughly $1,000 per year for a $100k account. Given the military-grade security and vaulting facilities utilized, we think this is a fair price, especially considering that Silver Gold Bull's vaults are IIROC-approved.

Silver Gold Bull Products

Silver Gold Bull has an extensive catalog of bullion products. For those interested in holding precious metals in their self-directed IRAs, there is a myriad of IRA-approved bullion. There is a wide selection of investment-grade bullion products.

For IRA-eligible gold, there is the American Gold Buffalo, the American Gold Eagle, the Gold South African Krugerrand,  the Gold Canadian Maple Leaf. For IRA-approved silver,  there is the Silver Austrian Philharmonic, the American Silver Eagle,  the Silver South African Krugerrand, and the Canadian Silver Maple Leaf. They even carry certain heritage coins from the U.S. Mint that Coinweek have regarded as among the rarest collector's coins.

For retirement savers interested in platinum, there is the Platinum Canadian Maple Leaf. For palladium, there is the Palladium Canadian Maple Leaf. Additionally, there are gold, silver, platinum, and palladium bars available in different weight options.

Product pricing on Silver Gold Bull’s website is conveniently available in either Canadian dollars, US dollars, or Euros, depending on currency selection. The company accepts various cryptocurrencies as payment.

You can view more Silver Gold Bull products here.

Silver Gold Bull Pricing and Markup

The pricing for precious metals products offered by Silver Gold Bullion are always in flux, as they vary according to the spot price of the day.

However, they generally charge about 5% markups on their gold products. For example, at the time of publication, their 1 oz. gold bullion bar by the Royal Canadian Mint is on promotion for just under 5% markup above-spot.

In our opinion, their prices about spot are quite fair. Although you might get a better deal (about 4-4.5%) from an American dealer, you might find that their selection and ease of purchasing pales in comparison to Silver Gold Bull.

Better yet, there are no fees for opening an account. There are, however, minimum account balances of $1,000, so you will need to make a deposit of at least this amount in order to get started.

Silver Gold Bull Precious Metals IRA Info

CompanySilver Gold Bull
Partnered Storage Vault Brinks
Annual Storage Cost Variable
Scaled or Flat Fees? Flat Fees
Metals Available IRA-approved gold, silver, platinum, and palladium coins and bars
Years in Business 15 years (2006)

Silver Gold Bull Reviews, Ratings, and Complaints

Silver Gold Bull Contact Information

  • Phone: (877) 646-5303
  • Address: 888 3 St SW 10th Floor, West Tower, Calgary, AB T2P 5C5
  • Email: sales@silvergoldbull.com or support@silvergoldbull.com
  • Website: www.silvergoldbull.ca

For those located in the Greater Toronto Area, there is a Silver Gold Bull Toronto Dundas Street location at 1 Dundas Street W Suite 2500. As this location is a private office, rather than a retail outlet, you should contact by phone at +1 877-646-5303.

Review All IRA Options Before Investing

All in all, Silver Gold Bull is worth checking out, especially if you happen to be in the Calgary area where their flagship retail store is located.

Nonetheless, it's vital that you carefully consider the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, policies, practices, and most importantly, storage fees for precious metals.

If you're interested in greater diversification benefits, consider supplementing your gold and silver holdings with digital assets. To help simplify your investment process, we've provided a list of the top cryptocurrency IRA providers that can help you add Bitcoin, Ethereum, and other digital assets to your retirement portfolio.

Silver Gold Bull Review Summary

Silver Gold Bull is a precious metals investment company located in Calgary, Alberta. This Canadian firm has an extensive catalog of precious metals products. The selection of bullion appeals to retirement savers, investors, and collectors alike. Because the company is from Canada, it cannot partner with any gold IRA custodian. Yet, for Canadian clientele, the firm does offer a seamless process for diversifying Registered Retirement Savings Plans (RRSPs), and other Canadian registered savings plans into physical precious metals bullion. Although they charge higher markups than some competitors (5%), they offer a large selection, fully insure their products, and have no startup fees.

Phone: (877) 646-5303
Website: https://silvergoldbull.ca/

Editor rating
Rated 4 stars
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