Posted By Ziga Breznik, Last updated: April 17, 2020
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When it gold dealer, Silver Gold Bull is one of the best. They offer competitive fees, low premiums and boast with one of the highest satisfaction rate in the industry, right next to Regal Assets CA. With their selection of coins, a solid reputation and low pricing they are definitely a company to consider. You will be able to read more in our Silver Gold Bull Review. In the US? Check out our best gold IRA accounts for 2020.
This precious metals company was founded in 2006, is based in Calgary – Alberta and operates mainly through their website. With their stellar business performance the BBB accredited them with a A+ Rating, something that many companies never manage to achieve in the industry.
Gold Silver Bull recently launched a service that helps Canadians who want to include silver and gold in their RRSP and TFSA accounts. By them becoming a Questrade registered dealer, you will first have to open a self-directed account with Questrade and an account with Silver Gold Bull. Both of these are completely FREE to open. Due to the bullion program at Questrade using U.S. dollars and the minimum purchase being USD $1000, your account needs to be funded with a minimum of USD $1000. You are allowed to hold both the CAD and USD in your account and avoid any additional fees.
Once the accounts are setup, you will receive a confirmation and you can start purchasing bullion. During their office hours, all of the purchases must be completed through phone by talking to a sales representative, who will then make the needed updates to your Questrade account. Changes usually reflect the next day. Before the purchase is final, you will need to confirm it via email and then another confirmation email is sent out once the metals arrive at the Brinks vault.
The vault is a IIROC approved facility. The cost of storing your bullion is %1 of your market value per year. The fees are calculated and payments are made every month on the last day of each month. You have an option for the fees being deducted from your RRSP Questrade account or a separate margin account.
Different types of RRSP eligible bullion is available for purchase at their website.
For silver coins, you must purchase tubes of 20-25 coins. You can purchase:
You can also purchase bigger boxes holding either 500 1 oz coins or 240 1/2 oz coins.
For all orders above $99, shipping is FREE and fully insured. After the received and cleared payment, your order will be sent out within 2 business day. All of the orders include insurance, signature and tracking, shipped with only the best and most reputable carriers.
No disclosure is made on the contents of the package and every shipment is made to meet the highest levels of security and anonymity, to maximize the security of your investments.
All of the packages leaving their facilities are FULLY insured against their value. In the unlikely event of your package being lost, you can keep calm, as you will be reimbursed in full. However, do note that once the package has been signed for, the insurance is voided.
Every package leaving their facility gets its own tracking number which allows both parties to track the shipment thorough the delivery. You can also view and check on your tracking number by logging in the SilverGoldBull.com website and viewing your order.
You can check out this unboxing video below:
From what we were able to find online, Silver Gold Bullion is one of the most cost along with Regal Assets Canada for adding gold into your RRSP. While they don’t charge you a commission, you will be required to pay the Questrade $19,95/trade commission, priced into the bullion premium. When you buy for your Questrade account you will pay slightly more than what is stated online at the website. If your account is inactive (no trades are made), a fee of $19,95/quarter is applicable for accounts under $5000. These fees are completely normal and in industry standards.
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