What is Silver Gold Bull?
Silver Gold Bull is a Canadian-based online retailer of precious metals, including gold, silver, platinum, and palladium. The company was founded in 2009 and offers a range of products, such as coins, bars, and rounds, from reputable mints and refiners around the world. Silver Gold Bull operates primarily through its e-commerce platform and also has a physical location in Calgary, Alberta, where customers can buy and sell precious metals in person. The company is known for its competitive pricing, secure storage options, and excellent customer service.
As an online retailer of precious metals, Silver Gold Bull provides customers with a convenient and secure way to invest in physical assets that can act as a hedge against inflation and economic instability. It is important to note, however, that investing in precious metals carries its own risks and requires careful consideration and due diligence.
People Behind Silver Gold Bull:
According to LinkedIn profiles associated with Silver Gold Bull:
- Bobby Belandis is listed as the owner of Silver Gold Bull.
- Mihali Belandis is listed as a managing partner of Silver Gold Bull Inc.
The Better Business Bureau (BBB) file for this company was opened on 18th November 2012, and they have been in business for 17 years since their establishment on 6th February 2006. The business was incorporated on 10th April 2008 and has been BBB accredited since 20th December 2012. Customers can contact Silver Gold Bull through Mihali Belandis, who serves as both the principal and customer contact. The company website is available at http://www.silvergoldbull.com.
How to Invest in Silver Gold Bull IRA?
To invest in a Silver Gold Bull IRA, you will need to follow these general steps:
- Open a self-directed IRA account: You’ll need to choose a custodian or trustee that allows for self-directed IRAs and set up an account.
- Fund your IRA: You can fund your Silver Gold Bull IRA by transferring funds from an existing IRA or 401(k), or by making a contribution to your new self-directed IRA.
- Purchase silver or gold bullion: Once your account is funded, you can purchase silver or gold bullion from a reputable dealer like Silver Gold Bull.
- Store your bullion: Your IRA custodian typically requires that the bullion you purchase be stored in an approved depository or storage facility. Silver Gold Bull can help you find a suitable storage provider.
However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.
Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer of your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.
Silver Gold Bull Products:
Silver Gold Bull offers a variety of gold bullion products including gold bars, Canadian gold coins, American Gold Eagles, American Gold Buffaloes, Australian Gold Coins, Chinese Gold Pandas, British Gold Coins, African Gold Coins, Pre-1933 US Gold Coins, European Sovereign Gold Coins, Rare and Vintage Gold, Gold Collectibles, and Gram Gold. Their gold bars are available in various weights including 1 oz, 5 oz, 10 oz, 1 KG, and 100 oz, and they also offer hand-poured gold bars. Silver Gold Bull’s Canadian Gold Coins include the Gold Canadian Maple Leaf, while their American Gold Coins consist of the American Gold Eagle and American Gold Buffalo.
They also have gold coins from other countries such as Australia, China, Great Britain, and Africa. Their pre-1933 US Gold Coins include the Saint-Gaudens Double Eagle and the Liberty Double Eagle, among others. Additionally, they offer European Sovereign Gold Coins such as the British Sovereign and the Swiss 20 Franc. Silver Gold Bull also carries rare and vintage gold coins, as well as gold collectibles. They offer gold gram bars and coins for investors who want to purchase small amounts of gold.
Silver Gold Bull offers a wide range of silver products, including silver bars in various sizes ranging from 1 oz to 100 oz, as well as hand-poured silver bars. Fractional silver bars are also available for purchase. In addition to silver bars, the company also sells a variety of silver coins, including Canadian Silver Coins, American Silver Eagles, Perth Mint Silver Coins, Chinese Silver Pandas, and Silver Philharmonics.
Other popular silver coins available for purchase from Silver Gold Bull include British Silver Coins, America The Beautiful Series, African Silver Coins, Mexican Silver Libertads, and Colorized Silver Coins. The company also offers U.S. Silver Dollars and Sunshine Mint Silver Rounds. All of these silver products can be purchased through the company’s website, and pricing is available in Canadian dollars, U.S. dollars, or Euros.
Silver Gold Bull offers copper rounds as well. Copper rounds are a popular way to invest in copper bullion and they are available in various designs and sizes. Copper rounds are not typically eligible for inclusion in self-directed IRAs, but they can be a cost-effective way to diversify a precious metals portfolio.
Silver Gold Bull offers both platinum bars and platinum coins. Platinum bars are available in various sizes, from 1 gram to 1 kilogram, and from a range of reputable mints and manufacturers, such as PAMP Suisse and Credit Suisse. Platinum coins are also available from a range of mints, including the Canadian Mint and the US Mint, and in various sizes, such as 1 oz and 1/10 oz.
Investors interested in platinum may also want to learn about the unique characteristics of this precious metal. Platinum is a rare and lustrous metal that is often used in jewelry, as well as in industrial applications such as catalytic converters and electronic components. Because of its rarity and versatility, platinum can be a valuable addition to a diversified investment portfolio. However, investors should also be aware of the risks and potential volatility associated with investing in any precious metal.
Silver Gold Bull offers a variety of palladium bullion products, including bars and coins from reputable mints around the world. Some of the palladium products currently available on their website include; 1 oz PAMP Suisse Palladium Bar, 1 oz U.S. Mercury Dime Palladium Coin, 40 gram (16 x 2.5 g) PAMP, 1 oz Valcambi Palladium Bar, 1 oz 2015 Canadian Maple Leaf Palladium Coin and many more.
However, please note that availability of products may vary and some items may be temporarily out of stock. It’s always a good idea to check the website or contact customer service for the most up-to-date information on product availability.
Silver Gold Bull Fees and Charges:
Silver Gold Bull charges a 3% markup on their gold products above the current spot price of gold. This markup may vary depending on the product and market conditions. There are no fees for opening an account with Silver Gold Bull, but there is a minimum account balance requirement of $1,000. This means that customers need to make a deposit of at least $1,000 to start purchasing precious metals from the company.
Shipping fees may apply for orders under a certain value, and these fees may vary depending on the destination and shipping method chosen. Silver Gold Bull also offers free shipping for orders above a certain value. It may also vary depending on the customer’s location and the current promotions being offered.
Silver Gold Bull Reviews and Complaints:
Better Business Bureau (BBB):
On the Better Business Bureau website, Silver Gold Bull has an A+ rating. The company has 4.05 stars out of 5-star ratings based on 31 customer reviews. There are both mixed positive and negative reviews. They are since 17 years in the industry. Total 4 complaints have been closed in the last 3 years. This business is also BBB accredited on Better Business Bureau website.
On Yelp, Silver Gold Bull has 3.5 stars out of 5-star ratings based on only 3 customer reviews. Reviews are a mixture of both positive and negative customer ratings.
On the Trustpilot website, Silver Gold Bull has 4.8 stars out of 5-star ratings based on customer reviews. There are 3,558 customer reviews on the website. Most of these are positive, with customers highly appreciating the company’s exceptional customer service, professionalism, and expertise.
On SiteJabber, Silver Gold Bull has 5 stars out of 5-star ratings based on 230 customer reviews. Mostly all of the reviews are positive, with customers praising the company’s customer service, expertise, and quick shipping.
On ShopperApproved, Silver Gold Bull again has 5 stars out of 5-star ratings based on 333,294 customer reviews. The majority of the reviews are favorable, with customers commending the company’s customer service, knowledge, and prompt delivery.
Some Negative Customer Reviews from Various Websites:
#1. Andrew M. reports that he had a negative experience with this supplier’s delivery service. Specifically, the supplier used Purolator for the delivery. Despite Andrew’s vigilance in tracking the package all day, the delivery status changed to “undeliverable” without any phone call or explanation. Andrew notes that he has never had issues with UPS. As a result of this experience, he is planning to switch to a different supplier.
#2. According to Jason F., this supplier’s notification system for shipping packages is flawed. Specifically, Jason reports that the supplier will only notify you that they have shipped your package after you have already received it.
#3. Daniel P. had a negative experience with Silver Gold Bull. Specifically, he ordered a 1KG silver bar from the supplier but only received an email after placing the order warning him not to accept the package if it appeared “tampered with,” with no prior disclosure of this information. Consequently, the courier left the package at his doorstep without obtaining a signature, leaving it unattended for four hours. Upon opening the package, Daniel discovered that the bar was of poor quality and not worth the purchase.
#4. Jihad Ajjour had a negative experience with this dealer, reporting that the 2023 silver maple leaves he received were not new. Additionally, both the tubes and boxes that contained the coins appeared to be second-hand. In Jihad’s opinion, this dealer is not honest, and he recommends avoiding them.
#5. Cin D advises against using this supplier if you are a high-net-worth individual looking to invest. In Cin’s experience, the payment and refund processes were needlessly complicated and came with associated fees. Additionally, the supplier’s customer service was poor. Based on this negative experience, Cin would not recommend this company to others.
Some Positive Customer Reviews from Various Websites:
#1. Mark M. has a positive opinion of this bullion dealer, describing his experience as nothing but positive. He received fast service and found great deals. Furthermore, the dealer was always willing to answer his questions, and there was an extensive selection of products available. In Mark’s opinion, this is an excellent business to consider for anyone interested in investing money in bullion.
#2. Doug M had a positive experience with this company, noting that they provided excellent service and shipped his order very quickly. Based on his positive experience, Doug highly recommends this company to others.
#3. Rob Z had a positive experience with this supplier, noting that the ordering process was easy and the shipment arrived within the timeframe that was specified. Overall, Rob was pleased with the transaction and satisfied with the supplier’s service.
#4. Scott K has had positive experiences with SilverGold Bull, having completed several purchases with the company. In Scott’s opinion, the company provides fast and efficient service, and has consistently demonstrated honesty in his dealings with them. Based on his positive experiences, Scott highly recommends this company to others.
#5. According to Stephen J, he encountered issues with a carrier who provided poor delivery service. However, after emailing the supplier’s support team about the problem, he received a call from Art mere minutes later. Stephen was impressed with the level of support he received from the team and felt well taken care of throughout the process. He expresses his gratitude and thanks for the excellent customer service.
Is Silver Gold Bull Legit? Should You Invest With Them?
While they are a legit company, I don’t recommend investing with them.
That’s because you can find more reputed and specialized gold IRA firms in the industry. When there are better IRA companies available for you, why go for a lesser one?
Still, it’s true that they have been in business since 2009 and have established themselves as a trusted supplier of gold, silver, platinum, and palladium bullion.
However, there are plenty of issues in this company that I simply can’t ignore.
They have received many complaints for mishandling of orders and shady business practices.
- Large product selection
- A+ BBB rating
- Limited information available on their history
- Received complaints for shady business practices
- Poor return policy
- No order cancellation policy
- High fees
When choosing a precious metals dealer, you should always go with a reputed and reliable provider. To learn about the most reputed gold IRA companies, I recommend checking out my list of top gold IRA providers.
There, you can also find the best precious metals company of your state.
Have you dealt with Silver Gold Bull? How was your experience? Let me know in the comments.