Silver Gold Bull Review: Best Gold IRA Dealer?

Many investors are understandably anxious about their retirement money and family’s generational wealth, as 401(k)s continue losing value and inflation eats away at purchasing power. The stock market remains as volatile as ever as a recession looms.

Things could get even worse in the coming year. Inflation remains stubbornly high, and the risk of stagflation and long-term economic scarring looks more realistic. The Federal Reserve just hiked interest rates another 50 basis points and signaled more hikes will continue.

The national debt is also skyrocketing to unprecedented levels, and the risk of World War III hasn’t been this pressing since the 1960s. As geopolitical conflicts heat up in Europe, Asia, and the Middle East, the nuclear rhetoric is also ramping up. 

Thus, millions of investors are looking for ways to protect their retirement funds with safe-haven assets like precious metals.   

Unfortunately, many bad actors and scam artists are preying on the fears and vulnerabilities of investors. In this Silver Gold Bull Review, we dig through the clutter to see if this precious metals dealer is legitimate, reputable, and reasonably priced on products and fees. Let's get started.

History and Background 

Silver Gold Bull is a Calgary and Las Vegas-based precious metals retailer and IRA provider. It is one of the world’s largest and also one of the best-established and universally highest-rated.

In business for over 14 years, it has industry-leading 286,000 five-star reviews coupled with strong ratings on websites like the BBB, ShopperApproved, TrustPilot, and Google. Silver Gold Bull also made Newsweek's “best online shops” listing in both 2022 and 2023.

Why?  

Perhaps this deep dive reviewing Silver Gold Bull’s history, reputation, services, client reviews, fees, and more will add some context.

Silver Gold Bull was launched in 2008 by CEO Bobby Belandis. In 14+ years, it has become one of the largest gold and silver bullion dealers, overseeing almost 4 billion dollars in transactions. 

The Company provides various products such as gold coins, gold bars, silver coins, silver bars, and platinum products to help investors diversify their retirement portfolio. 

It's important to note that SilverGoldBull.com serves three types of customers:

• Online sales: Customers can shop online and purchase from a wide selection of bullion or collectible precious metals. Visit their online shop here.
• Gold IRAs: U.S. customers can work with their IRA team to buy physical precious metals with their retirement account. Request to speak with an IRA specialist here.
• Gold RRSPs: Canadian investors can work with Silver Gold Bull to buy physical precious metals with their retirement accounts (RRSP, TFSA, LIRA, etc. Request to speak with a Gold RRSP specialist here.

We'll discuss all products and services below, though the bulk of this review will focus on their precious metals IRA services. 

Tens of thousands of customers have used Silver Gold Bull as their gold IRA provider, and the overwhelming majority are happy with their choice. Not only does the company have a user-friendly website and valuable educational resources. They offer up-to-the-minute market pricing, direct mint products, storage, and privacy. You can also speak directly to specialists that understand the ins and outs of setting up precious metal IRAs in compliance with IRS tax rules. 

Its best price guarantee on bullion is the cherry on top. 

However, don’t take our word for it. We'll dive deeper into the company's online reputation below, but at quick glance you'll see the awards, reviews, and reputation speak for themselves:

• 286,000 five-star reviews (highest in the industry)
• Voted “Best Online Shops” by Newsweek Magazine
• A+ rated by the BBB
• 4.9 stars global rating by Google reviews
• 5 stars rated by TrustPilot

Related: What is a Central Bank Digital Currency (CBDC)?

Products/Services  

The bulk of Silver Gold Bull's business is from their online shop where people can purchase various precious metals and collectibles. However, the gold dealer is just as well known for its department exclusively dedicated to handling every aspect of starting a gold IRA.

With offices in Canada, the company is also one of the most well known dealers for Gold RRSP accounts, allowing Canadians the option of diversifying retirement funds with physical precious metals.

Precious metals IRAs through Silver Gold Bull can protect the financial future of you and your family via minimal storage risk, tax-free growth, and zero fluctuation risks. Silver Gold Bull has unmatched customer service and expertise when it comes to this. It understands that protecting retirement funds with precious metals is unlike an ordinary investment.

Most importantly, the company also understands that starting a gold-backed retirement account is a multifaceted process with many moving parts to comply with legal and IRS requirements.

Thus, Silver Gold Bull provides the following gold IRA products and services. 

Custodial Support

The team at Silver Gold Bull can walk you through each step of the way in opening gold IRA accounts. However, the first step is to work with an IRS-approved custodian to oversee and manage your gold IRA account.

Silver Gold Bull has the flexibility to work with any self-directed IRA custodian that allows customers to hold precious metals. These include banks, credit unions, trust companies, loans and savings associations, and brokerage companies. If you haven’t chosen a custodian or do not know any, Silver Gold Bull can connect you to one from its vast network. All you have to do is fill out a form to start the process.   

Gold RRSP customers (Canadian investors) can work with Silver Gold Bull to set up a Questrade account for their tax-deferred physical gold and silver purchases. Questrade is one of Canada's largest brokerages with over $18 billion in assets.

Opening a gold RRSP with Silver Gold Bull also begins with filling out the form on Silver Gold Bull's website here.

IRA-Eligible Precious Metals

Anyone can hold bullion produced by an LBMA or COMEX-approved mint in a precious metals IRA. This includes gold, silver, platinum, and palladium. Not only does Silver Gold Bull facilitate the secure purchase of these IRA-approved precious metals. It holds a variety of IRA-approved metals in stock, ready for immediate shipping, including: 

Gold:

• American Gold Eagle bullion and proof coins
• Australian Gold Kangaroo/Nugget coins
• Canadian Gold Maple Leaf coins
• Austrian Gold Philharmonic coins
• Chinese Gold Panda coins
• Gold bars and rounds from approved refiners and assayers

Silver:

• American Silver Eagle bullion and proof coins
• Australian Silver Kangaroo/Nugget coins
• Canadian Silver Maple Leaf coins
• Mexican Silver Libertad coins
• Silver bars and rounds from approved refiners and assayers

Platinum:

• American Platinum Eagle bullion or proof coins
• Canadian Platinum Maple Leaf coins
• Australian Platinum Koala coins
• Platinum bars and rounds from approved refiners and assayers

Palladium:

• Canadian Palladium Maple Leaf coins
• Palladium bars and rounds from approved refiners and assayers

Please note that this list is not exhaustive and it is important to check with your specific IRA custodian for their specific rules and guidelines on eligible precious metal investments. It is also important to note that not all precious metal bars and coins are suitable for inclusion in a precious metal IRA.

It is important to carefully consider the specific product and its eligibility before making a purchase for inclusion in a precious metal IRA. If you choose to work with Silver Gold Bull, their team of IRA specialists can help guide your purchase to ensure all metals are eligible.

Click here to learn more at SilverGoldBull.com.

Storage

Silver Gold Bull coordinates the storage of precious metals with Brink's Global Services on top of insurance coverage through Lloyd's of London. These two are unrivaled regarding precious metals storage and protection. 

Plus, Brinks' precious metals storage services ensure complete privacy and include allocated and physically segregated storage facilities. You'll have your metals held in a dedicated and individualized storage; all you have to do is call your gold IRA custodian to set up an appointment to view them.   

Fees / Pricing

Silver Gold Bull has reasonable fees and pricing structure for its IRA services.

First and foremost, there is no setup fee. Annual custodial fees depend on your self-directed IRA custodian. Silver Gold Bull can work with any provider of your choice. If you do not have a preferred custodian, they can recommend one.

Many of the top gold IRA companies recommend Equity Trust for this role. Equity Trust is a highly rated self-directed IRA custodian with modest fees.

At the time of this writing, Equity Trust charges $100 annually to maintain your account. 

Fees for its IRA-approved gold bullion and silver bullion products are also completely transparent. You pay the price listed on the website with zero hidden fees or commissions. Moreover, Silver Gold Bull has a “best price guarantee” and will match any competitor’s price on bullion bars or coins.

We've reviewed several gold IRA companies on this website. Silver Gold Bull is by far the most transparent out of all of them when it comes to displaying product pricing directly on their website.

Buying bars and coins for your home collection?

Orders over $199.00 also qualify for free shipping. Orders under $199 are charged a $9.95 shipping fee, and returned items are charged a 4% restocking fee.

Another of Silver Gold Bull's best qualities as an online dealer is its different payment options. Shopping online is easy, safe, and secure. The company offers: 

• Credit Card ($10,000.00 Max)
• PayPal ($10,000.00 Max)
• eCheck (ACH) ($5,000.00 Max and a 4% discount)
• Cryptocurrency via BitPay ($250,000.00 Max and a 3% discount)
• Check - Draft - Money Order - Bill Payment ($25,000.00 Max, 4% discount)
• Wire Transfer ($1,000.00 and above)

Visit SilverGoldBull today to browse their online store.

When it comes to their gold IRA storage fees, Brinks currently charges a flat rate of $150 annually for segregated vault storage. This fee can drop to as low as $100 if you choose commingled storage instead.

Canadian gold RRSP customers pay a flat 1% annual fee for storage in vaults in Vancouver, Calgary, Toronto, and Montreal. The Calgary vault is the preferred location since Silver Gold Bull personally designed the vault.

Questions about storage or custodial options?

Fill out this online form at SilverGoldBull.com to speak with a gold IRA specialist.

Online Reviews

Researching a gold IRA company before trusting them with your retirement money is paramount. There are plenty of scammers and bad actors out there. Therefore, you want to ensure that customers have good things to say about a gold IRA provider and are not filing complaints.

You can learn much from customer reviews on independent third-party sites like the Better Business Bureau, ShopperApproved, TrustPilot, and Google Review. Sifting through such websites can give you an idea of how reputable the business is and what customers have to say without a filter.  

Silver Gold Bull certainly passes this test. 

• Better Business Bureau: A+ Rating (highest rating) 
• ShopperApproved: 5/5 stars based on 302,311 reviews. It also received 4.8/5 stars in Product Satisfaction and 4.7/5 stars for Customer Service
• TrustPilot: 4.8/5 stars based on 3,244 reviews
• SiteJabber: 4.68 stars based on 82 reviews
• Google Reviews: 4.8/5 stars based on 516 reviews 
• Newsweek: given “best online shops” award in 2022 and 2023

Pros / Cons

Pros

• Live market pricing
• A wider selection of IRA-approved precious metals than many competitors
• Various payment methods
• Flexibility to work with gold IRA custodian of your choice   
• Fully insured, segregated, private gold IRA storage
• Best price guarantee
• Transparent pricing (some of the lowest markups in the industry)
• Reputation and reviews
• Low-cost shipping
• Can speak directly to traders and specialists

Cons  

• 4% restocking fee
• High volume dealer may seem less personal than working with a boutique shop
• No discount on PayPal and credit card payments (for cash purchases)
• Poor return policy

Related: What to Own When the Dollar Collapses? Insider Guide

The Key Takeaway

We live in a unique historical period full of negative catalysts, doom, and gloom. Precious metals investing is one of the wisest ways to protect your wealth and retirement funds from these negative catalysts. One of the best ways you can do diversify into physical precious metals is through a gold IRA. 

Because of gold’s unique properties as an inflation-hedge, a long-term store of value, a portfolio diversifier, and a protector of systemic risks, many are choosing to start precious metal IRAs due to the following factors:

• High inflation
• High central bank interest rates
• Skyrocketing national debt
• Low-performing stock market
• Geopolitical conflicts in various parts of the world
• Central bank monetary policies
• High government spendings

If you’re considering starting a gold IRA, ensure you work with a gold IRA provider with an outstanding reputation, comprehensive services, reasonable fees, and excellent products. Your nest egg is too important to your and your family’s future to gamble away. Always do your due diligence and be on guard for bad actors and scams.

Our research shows that Silver Gold Bull is one of the best options available. Not only does the dealer provide access to IRS-approved custodians, best price guarantees on its IRA-approved precious metals, and fully-insured military-grade storage facilities. Its customer reviews throughout the internet are excellent.

You have a lot of options to choose from nowadays when it comes to starting a precious metals IRA. But Silver Gold Bull checks all the boxes. There’s no better provider you can go with to offer you peace of mind and protection. In our Silver Gold Bull review, we've added the dealer to the top of our list of recommended IRA dealers for 2023. Request more information here.