We Review This Bullion Dealer (2024)

Company Info and Background

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

Silver Gold Bull is one of the biggest precious metals dealers in the world, with over 3 billion dollars in sales from its website alone. The company also is very transparent about their pricing and lists its product catalog and prices directly on its website. Don’t take our word for it, either. Instead, trust the 300,000 (and counting) happy customers who have left 5-star reviews of the company on TrustLink, Facebook, and elsewhere.

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.

(Canadian investor? Add gold or precious metals from Silver Gold Bug to your RRSP or TFSA with Gold Silver Bull by checking out their Canadian RRSP/TFSA investing services.)

Silver Gold Bull Management Team

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

Silver Gold Bull Custodian and Storage

Silver Gold Bull has partnered with world-renowned Brinks 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
• Las Vegas
• Vancouver
• Salt Lake City
• Utah
• Singapore

Although Silver Gold Bull is headquartered in Canada and Nevada, it partners with various IRA custodians to provide onshore and offshore IRA investing services to American clientele. For Canadians, Silver Gold Bull also offers a seamless process for diversifying RRSPs and other Canadian registered savings plans into physical precious metals bullion.

According to Silver Gold Bull’s leadership team, most of their clientele lean toward Equity Trust Company to provide IRA custodian services.

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.

Small wonder, then, why Silver Gold Bull currently has nearly 300,000 five-star reviews on social platforms such as TrustLink and TrustPilot. And these reviews aren’t B.S., either—they’re independently verified reviews written by real customers.

Customers can choose between segregated or commingled onshore storage options. In order to provider faster access to customers’ physical gold and to provide lower fees, they’ve chosen to onshore their holdings and repatriate services from the Cayman Islands, Singapore, or elsewhere overseas.

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 and RRSP-eligible gold, there is the American Gold Buffalo, the American Gold Eagle, the Gold South African Krugerrand, and 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 has 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.

According to a recent email from Silver Gold Bull’s leadership team, their most popular products are secondary market mint bullion items such as those from SilverTowne, Sunshine, and Valcambi. 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 is always in flux, as they vary according to the spot price of the day.

However, they generally charge about 3% 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 above spot are quite fair. Although you might get a better deal (about 2-2.5%) from a purely 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

Silver Gold Bull Reviews, Ratings, and Complaints

Silver Gold Bull Contact Info

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. They also have their flagship Canadian location in Calgary, Alberta located at 888 3rd St. SW in the West Tower.

Review All IRA Options Before Investing

All in all, Silver Gold Bull is definitely 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.

(Note: Canadian investors interested in adding gold or precious metals from Silver Gold Bug to their RRSP or TFSA should use our exclusive Canadian RRSP/TFSA link to access their Canadian investment services.)

Silver Gold Bull

Silver Gold Bull –
bySarah Bauder,
April 1, 2011

4.7/
5stars

on

^USD3% average markups on gold; no start up fees

Review Summary :

Silver Gold Bull is a precious metals investment company located in Las Vegas, Nevada, and Calgary, Alberta. This Canadian-American firm has an extensive catalog of precious metals products with average markups of only 3%. The selection of bullion appeals to retirement savers, investors, and collectors alike. The company partners with a variety of IRA providers to streamline IRA or 401(k) rollovers for American customers. 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. Alongside low markups (3%), they offer a large selection, fully insure their products, and have no startup fees.

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