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Silver Gold Bull Review in Canada (+ RRSP) — Are They Reputable?

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Gold in Canada is an independent publication that brings together veteran precious metals investors who’ve weathered every market since the 1980s. While major institutions and publications focus on short-term risks, our independent analysis derives from decades of measured experience in Canadian gold outside of corporate boardrooms. Some links may be affiliate links.

The ups and downs in the market are leaving many investors unsure whether their investment and retirement funds will be enough.

In Canada, Silver Gold Bull is the fastest growing precious metals dealer in the country thanks to their innovative offerings. Here’s everything you need to know about Silver Gold Bull, how to invest, and whether it’s right for you.

What is Silver Gold Bull?

Silver Gold Bull is an international precious metal company headquartered in Calgary, Alberta.

Founded in 2009 by the Belandis family, they have expanded to cover all of North America in recent years. Today, Silver Gold Bull is one of the largest gold retailers in the world, with over 3 billion dollars in physical precious metals sold.

They’ve become the leading dealer for hard asset strategists and precious metals investors in Canada for their competitive pricing, secure storage options, and uncommon transparency.

Quick Facts:

  • Year founded: 2009
  • Founders: The Belandis Family
  • Headquarters: Calgary, AB
  • Phone: (877) 707-4707
  • Service Hours: MON-FRI 7:30AM – 7:00PM MT, SAT 10:00AM – 4:00PM MT
  • Pricing: Best Price Guarantee in place
  • Insurance: Yes, tracking, signature & insurance on every order
  • BBB Rating: A+
  • Methods of Payment: Credit Card, PayPal, Interac, Bitcoin

What Does Silver Gold Bull Offer?

Silver Gold Bull offers a wide variety of precious metals and other offerings:

Metals

Silver Gold Bull offers a wide variety of precious metals, including:

  • Gold
  • Silver
  • Platinum
  • Palladium
  • Rhodium
  • Copper

On their site, you’ll see a variety of bullion rounds, bars, coins, and even collectibles and vintage items. You can find bullion from different mints around the world, including the United States, Austria, Mexico, and Switzerland. They also offer bars and rounds in platinum and copper, providing even more diversification options.

Collectibles & Other Items

Silver Gold Bull doesn’t stop at just investment-grade bullion. They also offer a fascinating selection of collectible sets, including themed collections, vintage items, and specialty products. You can find everything from film-themed coins to mythological collections to rare numismatic items. On top of that, they have some options for jewelry, silver bullets, and other miscellaneous collectibles. Honestly, on top of being an investment source, the site is an interesting browse.

How do You Invest Through Silver Gold Bull?

Investment options through Silver Gold Bull can be ordered to your home, placed in a bank, or added to an RRSP, TFSA, or IRA. Their website states that their investments are “Available for all Registered Savings Plans.”

How to Invest

Investing in an RRSP, TFSA, or other savings plan, must be done with an investment firm. In terms of firms that Silver Gold Bull works with, Questrade has them as a registered dealer for RRSPs. If you want to use another investment firm, you should call Silver Gold Bull to see if they’re able to work with that firm.

The one thing is that you must have an account open with the firm you’re using before you can invest. After you do that, you just need to open an account with Silver Gold Bull and complete an authorization form. If you need help, you can schedule a call with Silver Gold Bull, as they’re willing to assist through every step of the process. Questrade requires USD $1,000 as a starting investment because that is their minimum. Therefore, you’ll likely need to go through exchange fees as they work in USD. After that, you can start contacting Silver Gold Bull to add your metals of choice to that account.

How to Buy

For gold RRSP advice, questions or options:

  1. Create an account by inputting your details in the form (the free Investor Guide alone is worth it)
  2. Click ‘Get Started’
  3. Their representative will get in touch to discuss your options and answer your questions.

For regular gold purchase:

  1. Create an account and then sign in
  2. Search through their sections or subsections for what you want
  3. Select the item
  4. Add it to your cart
  5. Proceed to checkout

Payment Options

You can use these payment options to pay for your precious metals through Silver Gold Bull:

  • Wire Transfer
  • Credit Card
  • Cryptocurrency
  • Cheque
  • Paypal
  • Interac e-Transfer
  • Bill Payment

Benefits of Investing Through Silver Gold Bull

Obviously, investing through Silver Gold Bull has the general benefits of investing in metals. For one, it protects against inflation. On top of that it can put your mind at ease when economic uncertainty hits, adds diversity to an investment portfolio, gives more tangibility, and can eventually become collectible and raise in price. Precious metals are also typically tax-deferred as the price rises, and they are easy to turn into cash.

Silver Gold Bull also offers several specific advantages:

  • Price Matching: Silver Gold Bull will price match any reputable competitor.
  • Good Security: Silver Gold Bull also has a program in which they’ll store your metals for you in various locations. Their storage locations have world-class security, metals are insured and audited, and they’re kept in individual storage locations.
  • Management Transparency: One thing that’s important to know about a company is who manages it. When there’s transparency, it means that there has to be more accountability. The entire management team of Silver Gold Bull can be found on Datanyze, among many other members of their team.
  • No Minimum Investment: When you put aside any other minimums with an investment firm, Silver Gold Bull itself doesn’t have an investment minimum.
  • Easy Website Navigation: The website for Silver Gold Bull is intuitive, to say the least.
  • Top-Tier Customer Service: One thing Silver Gold Bull is well-known for is their customer service.
  • Buyback: In terms of liquidity, Silver Gold Bull makes it easy to sell metals back to them.

Silver Gold Bull Additional Considerations

Keep the following in mind:

  • Not Everything Listed is Available for Investment: When you navigate the Silver Gold Bull site, you’ll find a lot of options. That being said, not every single option is available for investment. Many of the rounds and bars are, but the collectibles are not.
  • May Need a Larger Initial Investment: Though Silver Gold Bull doesn’t require a certain amount to invest, many registered savings accounts do. That means that to set up an account, you’ll need to put as much money in as is asked of you. As an example, Questrade needs a minimum deposit of $1000.

Is Silver Gold Bull Legitimate?

Silver Gold Bull is legitimate. They have 4.5 stars on the Better Business Bureau (BBB) and have been accredited since 2012. Their rating is currently A+. On Trustpilot, they currently have 4.8 stars and stellar consumer reviews. Their store reviews on Google add up to 4.7 stars, also with great reviews from consumers.

Silver Gold Bull Customer Reviews and Ratings

Silver Gold Bull boasts an impressive review profile across the board:

  • ShopperApproved: (405,159 reviews)
  • Loans Canada
  • Scam Report: A+ Rating
  • Silverholic: Positive YouTube review
  • Facebook: (280+ reviews)
  • Better Business Bureau: (A+)
  • Trustpilot: (4.8 based on 4,267+ reviews)
  • Sitejabber: (81+ reviews)

After reviewing thousands of customer experiences across these platforms, we haven’t uncovered any concerning patterns or serious complaints. The overwhelmingly positive feedback from verified buyers suggests Silver Gold Bull consistently delivers on their promises.

Who’s Behind Silver Gold Bull?

Transparency matters when it comes to precious metals, and Silver Gold Bull takes this seriously. Their leadership team includes:

  • Bobby Belandis: President & Co-Founder
  • Aline Kirkevich: Head of Finance
  • Nikolas Morianos: Managing Partner
  • Mihali Belandis: Managing Partner
  • Lauren Suranko: Purchasing Specialist

The company maintains a workforce of 40 employees and generates annual revenue of $7.8M USD – showcasing their established market presence while maintaining a focused operation.

What’s Moving Now

When browsing Silver Gold Bull’s inventory, we recommend keeping an eye on their featured specials. These selections typically offer the highest precious metal content with competitive premiums.

Their evergreen bestsellers include:

  • 1 oz Royal Canadian Mint New Style Gold Bar
  • 1 oz 2023 Canadian Maple Leaf Silver Coin
  • 1 oz Random Year Canadian Maple Leaf Gold Coin

The Royal Canadian Mint’s Maple Leaf series has maintained its popularity for decades, with the 2023 edition continuing this tradition across both Canadian and U.S. markets.

Adding Precious Metals to Your Registered Accounts

Silver Gold Bull’s recent program launch makes it easier for Canadians to hold physical precious metals in their registered accounts. Their partnership with Questrade allows investors to include government-approved gold and silver products in their RRSPs and TFSAs.

Getting Started: A Step-by-Step Guide

  1. Open a self-directed Questrade account first
  2. Create your Silver Gold Bull account
  3. Complete the authorization form linking the accounts
  4. Fund your Questrade account (minimum USD $1,000)
  5. Begin selecting your metals

Note that since the program operates in U.S. dollars, you’ll need to factor in currency exchange costs when funding your account.

Making Your First Investment

Once your accounts are linked and funded, Silver Gold Bull streamlines the process:

  • Call their trading desk during business hours: (877) 227-0585
  • Place your order with their representatives
  • Receive email confirmation of your trade
  • Get shipping confirmation to their Brink’s facility in Ontario

Your metals will be stored in an IIROC-approved facility, with storage fees running 1% annually of your holdings’ value, billed monthly. These fees can be handled through either your Questrade margin account or directly from your RRSP.

Investment Options

Silver Gold Bull offers a carefully curated selection of RRSP-eligible products:

Gold Options:

  • Maple Leaf coins (1/4 oz, 1/2 oz, 1 oz)
  • Royal Canadian Mint 1 oz gold wafer bars

Silver Options:

  • 1 oz Maple Leaf coins (tubes of 20-25)
  • 1/2 oz Calgary Stampede coins
  • 100 oz Royal Canadian Mint bars
  • ‘Monster’ boxes (500 1 oz or 240 1/2 oz coins)

Understanding the Costs

As one of the most cost-effective precious metals dealers, Silver Gold Bull’s fee structure includes:

Trading Costs:

  • Questrade commission: $19.95 per trade
  • Standard premiums: 5% for gold, spot plus $4-5 for silver
  • Collector’s items: Higher premiums apply
  • Bulk discounts available on larger orders

Account Fees:

  • Quarterly inactivity charge: $19.95 (accounts under $5,000)
  • Annual storage: 1% of holdings value
  • Insurance: Included in storage fee

Keeping Your Investment Safe

Security Features:

  • 0.5% annual storage fee
  • Double-audited facilities
  • Full insurance coverage
  • Zero counter-party risk
  • Primary vault in Calgary, with Etobicoke location coming soon

Ready to Sell? The Buyback Program

Silver Gold Bull’s buyback program offers a straightforward exit strategy. Contact their team, request a liquidation, and they’ll purchase your metals at the current spot price. Proceeds go directly to your Questrade account, maintaining tax-deferred status until withdrawal.

Shipping and Delivery Details

Orders come with comprehensive protection:

  • Free shipping on orders over $99
  • Standard shipping: $6.95 for smaller orders
  • $60 withdrawal/delivery fee
  • 2-day processing time
  • 5-day delivery target
  • Full insurance coverage
  • Discrete, secure packaging
  • Tracking provided
  • Signature required

Corporate Headquarters

Visit them at their Calgary headquarters:

888 – 3rd ST SW
10th Floor – West Tower
CALGARY, AB
T2P 5C5
CANADA

Is Silver Gold Bull Your Best Choice?

While Silver Gold Bull stands out in Canada’s precious metals market, your investment needs are unique. Their strengths in customer service, security, and product selection make them a compelling choice, but always keep in mind when dealing with any company:

  • Clarify all fees upfront
  • Verify investment eligibility
  • Understand account minimums

Given their track record, BBB accreditation, and overwhelmingly positive customer feedback, Silver Gold Bull is a trustworthy place to to invest in precious metals.

Article by:

Diversify Guy

Been in the gold and silver markets since the 1980s, back when precious metals weren’t exactly dinner table talk. While big banks focus on quick profits, I’ve spent ten years helping fellow Canadians protect their retirement through smart moves into physical metals. No Bay Street office here – just real experience and straight talk about Canadian gold investing.

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