Quick Summary
- Online precious metals marketplace
- Vast selection of gold and silver products
- Fast shipping and transparent pricing
- Secure storage options
Pros
Cons
Silver Gold Bull is an online precious metals marketplace that allows investors to buy, sell, and store physical gold, silver, and other bullion products directly through its website. With Silver Gold Bull, you don’t invest in metals through ETFs or mining stocks, you’re buying the real thing, actual bars and coins priced at market rates. In this full review, we’ll explain how the platform works and who Silver Gold Bull is designed for.
What Is Silver Gold Bull?
Silver Gold Bull is an online precious metals dealer headquartered in Calgary, Alberta. While it’s a Canadian company, it operates online marketplaces in both the Canadian and U.S. markets. Silver Gold Bull is known for offering competitive pricing, fast shipping, and access to a large precious metals inventory.
What Does It Offer?
Silver Gold Bull primarily serves investors who want to buy, sell, or store physical precious metals. It does offer additional services that make trading and storage easier.
Gold
Gold products make up a large portion of Silver Gold Bull’s inventory. Investors can purchase gold bullion coins from well-known government mints, including the Royal Canadian Mint, the United States Mint, the Perth Mint, and the Royal Mint.
You can also buy gold bars in various sizes, from small fractional bars to larger bars for high-net-worth investors. Pricing is based on the live gold spot price plus a premium, which can vary by product type and market demand.
Silver
Investors can also choose from an extensive selection of silver bullion, including coins and bars. Popular options include Canadian Silver Maple Leafs, American Silver Eagles, and U.S. Silver Dollars. Silver tends to attract more price-conscious investors who are looking for a lower entry point than they can get with gold.
Other Products
In addition to gold and silver, Silver Gold Bull also sells platinum bars and coins, jewelry, collectibles, even copper rounds and bars.
Secure Storage
If you prefer not to store your precious metals in your home or safety deposit box, Silver Gold Bull offers secure storage through world class vaults in four countries (six total locations). Pricing is typically set as an annual percentage of the metal’s value. You can choose to take delivery at a later date or sell your metal’s directly from storage.
Trade
Silver Gold Bull offers trading functionality that lets you purchase metals at live market pricing. The company prioritizes pricing transparency, and you can transfer money from your bank account to your Trade account.
Sell To Us
You can sell your precious metals back to Silver Gold Bull. The buy back price is typically based on the spot price less a small spread. The spread adds an additional cost, but you could consider it the cost of convenience.
Are There Any Fees?
Silver Gold Bull does not charge any account maintenance fees. Instead, it makes money from its product pricing. In other words, it charges a slight markup from the spot price of the metal in its retail price.
There are annual storage fees (if applicable), and if you choose to sell your metal back to Silver Gold Bull, it will charge a small spread on the transaction.
How Does Silver Gold Bull Compare?
Silver Gold Bull lies somewhere between two competitors: Vaulted and APMEX. Vaulted is more like a modern investing app that allows investors to purchase fractional ownership of gold and silver stored in institutional vaults. It’s a mobile-first experience with low minimum investment amounts. APMEX is one of the world’s largest precious metals dealers. It offers features such as recurring purchases and additional investment tools that are designed for experienced metal investors.
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Rating |
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Gold and Silver |
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Annual Storage Fee |
Approx 1% of metal value |
0.40% – 0.60% |
Starts around 0.55% |
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Secure Shipping |
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How Do I Open An Account?
You can quickly create an account by visiting the Silver Gold Bull website. You will need to provide some basic personal information. There is no minimum deposit requirement; you can simply purchase the product when you’re ready.
Is It Safe And Secure?
Silver Gold Bull takes several steps to ensure investor security, including insured shipping, secure packaging, and partnerships with trusted storage facilities in several countries. The company has been in business for over a decade.
How Do I Contact Silver Gold Bull?
Silver Gold Bull posts several telephone contact numbers on its website, but the main support number is (877) 646 5303. Business hours are from 7 AM to 5 PM MT, Monday to Friday. Online orders can be placed 24/7.
If you’re mailing a check for payment from the U.S., you can send it to the following address:
SILVER GOLD BULL USA INC.
PO Box 675379
DALLAS, TX 75267-5379
Is It Worth It?
Silver Gold Bull is a solid option for investors who want to own physical precious metals without visiting local coin shops or private marketplaces. We like their large product selection, transparent pricing, and secure storage options.
But physical metals aren’t for everyone. They can involve wider transaction spreads and aren’t as liquid as traditional securities, such as stocks or ETFs. If you’re investing small amounts or trading frequently, there are better options.
Reviewed by: Robert Farrington
The post Silver Gold Bull Review: Buying Physical Gold And Silver Online appeared first on The College Investor.
