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The bottom line: Silver Gold Bull - Product Name Only is a solid choice for investors looking to diversify their portfolios with precious metals. It offers a wide selection of assets, multiple payment options, and free shipping, depending on the purchase price. What stands out the most is the price match guarantee, which may offset other competitors in the market if you find a better deal.
Silver Gold Bull Review
Silver Gold Bull is one of the largest precious metals dealers and was founded in Calgary, Alberta, Canada. The company offers investors a large selection of assets, including collectible coins, gold, silver, and jewelry. It's best for investors who want an extensive selection of precious metals to add to their portfolio, and it's one of our top picks for the best gold IRAs.
While Silver Gold Bull is overall a solid option, if you're curious about investing in gold and other metals and are comparing different firms, SGB makes it much more difficult by omitting potentially helpful details on the website or making them hard to find.
Silver Gold Bull does not provide any information about how the company was founded, what makes it stand out, or even who the founder is and what is guiding the company. These missing areas create an experience for the user that feels cold and distant, which may not feel comforting if you have a significant portion of your portfolio with the firm.
Pros and Cons of Silver Gold Bull
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Silver Gold Bull Costs
Like many firms in this industry, the best way to get an overview of all the costs associated with being a customer is to call the firm's representatives. Silver Gold Bull charges a markup, also known as the spread, as a commission on all of its precious metals, and it varies by item and quantity. Customers should expect the spread to be in the neighborhood of 2.5%. Shipping and insurance for items over $199 are free.
Silver Gold Bull only charges the commission for both Traditional and Roth IRA transactions. However, the third-party custodian charges a one-time account set-up fee of $50, an annual $225 storage and custodial fee for pooled storage, and $275 annually if you opt for segregated storage.
While there are no minimums to open or maintain an account, keep in mind that investing lower amounts, say $1,000, will significantly impact your ability to be profitable. At just $1,000, the storage fees make up more than 20% of the total value of your holdings.
How to Open an Account With Silver Gold Bull
To open an account with Silver Gold Bull, you can follow the process on its website or speak with a representative. For an IRA, the process will begin with Equity Trust, the third-party custodian, opening and funding the account.
After the account is funded, you will need to contact Silver Gold Bull to buy the metals of your choice, which will be shipped to the facility managed by Equity Trust.
Silver Gold Bull Offerings
Silver Gold Bull offers a wide range of options for precious metal investors. In addition to gold, silver, and platinum bullion coins and bars, the company also offers collectible coins, jewelry, and more.
These items can be purchased and sent directly to you to store at home or through an IRA, which would be shipped to a secure facility. SGB also offers a price match guarantee should you find a comparable offer through a competitor. However, buyers should consider that Silver Gold Bull will factor in its free shipping and insurance for the price match if the purchase is over $199.
Silver Gold Bull FAQs
Is Silver Gold Bull legit?
Yes, Silver Gold Bull is legit. The company has over 330,000 5-star reviews on its website and holds an A+ rating from the Better Business Bureau.
How long has Silver Gold Bull been in business?
Silver Gold Bull has been in business since 2009.
How do you pay on Silver Gold Bull?
To pay on Silver Gold Bull, you can use e-check for up to $5,000, PayPal, wire, credit card, or paper check.
Who is the owner of Silver Gold Bull?
Bobby Belandis is the owner of Silver Gold Bull, and founded Silver Gold Bull in January 2009.
Compare Silver Gold Bull
Silver Gold Bull vs. Lear Capital
Lear Capital has many of the same offerings as Silver Gold Bull but has a bit more history in the space, having been founded in 1997, compared to Silver Gold Bull, which started in 2009.
Both firms offer a suite of gold and silver bars, coins, and more, but SGB appears to have a larger, more diverse selection for investors to choose from. If you're in the market for a gold IRA, Lear Capital may be the better option, as the Lear Advantage IRA comes with several benefits, including no setup and storage fees and a fee evaluation on metals from outside competitors.
Silver Gold Bull vs. Rosland Capital
Rosland Capital has the advantage of lower fees and higher transparency compared to Silver Gold Bull. Investors will note, however, that Rosland does have a $2,000 minimum, while SGB does not. Regarding investment choices, Silver Gold Bull offers more diversity, while Rosland focuses more on coins and bars. Both offer traditional and Roth gold IRAs should you decide to invest in precious metals through a retirement account.
Silver Gold Bull vs. Yieldstreet
Yieldstreet is an alternative investing platform that allows users to invest in private credit, real estate, art, and more. Many of the offerings on the Yieldstreet platform require accreditation status, meaning that an investor must meet certain net worth or income requirements, and the minimum investment on Yieldstreet is $10,000, which may put it out of reach for some investors.
The investing options on Yieldstreet are more transparent, allowing would-be investors to compare their prospective investments and clearly view their fees.
Why You Should Trust Us: How We Reviewed Silver Gold Bull
We evaluated Silver Gold Bull using Personal Finance Insider's investment rating methodology. We examined fees, investment options, and customer service and rated them on a scale of 0 to 5. We evaluated Silver Gold Bull with a focus on how it performed in each category compared to other firms offering gold IRAs and precious metals.