Silver Gold Bull Review: Fees, Complaints, Lawsuits, and More

7.3/10 (Expert Score)
Product is rated as #87 in category Dealers
7.3Expert Score
Silver Gold Bull

This Canadian company has established its name in the American market due to its quality customer support and products.

Trust
7
Fees
7.3
Customer Service
7.6
Reputation
7.1
Pros
  • Wide Product Selection
  • IRA Services
  • Buyback Program
Cons
  • Shipping Fees for Small Orders

Silver Gold Bull: Unique Highlights Overview

Silver Gold Bull, a precious metals firm located in Canada, offers a variety of investment-grade products. Renowned for their robust selection, they deal in gold, silver, and other precious metals, catering to both individual investors and collectors. 

The company’s commitment to quality and customer satisfaction is underscored by its A+ rating from the Better Business Bureau (BBB), which reflects its reliability and the trust it has built within the industry. 

Silver Gold Bull stands out for its comprehensive product offerings and the transparency of its transactions, making it a reputable choice for those looking to diversify their investment portfolios with precious metals.

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What is the Silver Gold Bull?

Online retailer of precious metals, including gold, silver, platinum, and palladium, Silver Gold Bull is based in Canada and operates out of the United States. The company was established in 2009 and provides a variety of products on the market, including coins, bars, and rounds, which are sourced from reputed mints and refiners located all over the world.

The majority of Silver Gold Bull’s business is conducted through its e-commerce platform; however, the company also maintains a physical storefront in Calgary, Alberta, where consumers can purchase and sell precious metals in person. Competitive prices, a variety of safe storage choices, and outstanding customer service are some of the things that have made this organization famous.

Silver Gold Bull, which operates as an online retailer of precious metals, offers its consumers a hassle-free and risk-free method of investing in tangible assets that can serve as a hedge against inflation and economic instability. On the other hand, it is essential to keep in mind that investing in precious metals comes with its own set of dangers and calls for cautious deliberation and thorough research.

logo of Silver Gold Bull

Who are the People Behind Silver Gold Bull?

Several LinkedIn accounts that are affiliated with Silver Gold Bull state the following:

  • It has been established that Bobby Belandis is the proprietor of Silver Gold Bull.
  • Mihali Belandis is a managing partner at Silver Gold Bull Inc., according to the company registration.

Since their founding on February 6, 2006, this firm has been operating for a total of seventeen years, as evidenced by the fact that their Better Business Bureau (BBB) file was opened on November 18, 2012. On April 10, 2008, the company was officially established, and it has been accredited by the Better Business Bureau (BBB) since December 20, 2012.

Customers are able to communicate with Silver Gold Bull through Mihali Belandis, who acts as both the principal and the customer contact with the company.

Does Silver Gold Bull Offer IRA Services?

Silver Gold Bull, a prominent precious metals dealer based in Canada, does indeed offer IRA services. This allows investors to include precious metals like gold and silver in their individual retirement accounts (IRAs), providing a tax-advantaged way to diversify retirement portfolios.

Silver Gold Bull partners with trusted IRA custodians to facilitate the inclusion of precious metals in IRAs, ensuring that the investments meet the specific requirements set by the IRS. This partnership allows clients to invest in a variety of eligible gold, silver, platinum, and palladium products, which must meet minimum fineness requirements as specified by the IRS.

Investing in a precious metals IRA through Silver Gold Bull involves selecting a custodian to create and manage the IRA. The custodian helps handle the purchase, transfer, and storage of the metals, ensuring that all IRS regulations are adhered to. This setup helps safeguard the tax-advantaged status of the IRA.

One of the key benefits of investing in a precious metals IRA through Silver Gold Bull is the ability to hedge against inflation and economic uncertainty. Precious metals have historically held their value over time, making them a stable investment compared to more volatile assets like stocks and bonds.

Silver Gold Bull’s IRA services also include secure storage solutions. The metals are stored in high-security vaults approved by the IRS, with options typically including facilities within the United States. This secure storage is critical for complying with IRA regulations, which require that the metals not be held personally by the IRA owner but rather by the custodian.

Overall, Silver Gold Bull provides a comprehensive solution for those looking to diversify their retirement savings with precious metals. Their expertise in the field, combined with strong partnerships with reputable custodians and secure storage facilities, makes Silver Gold Bull a reliable choice for setting up a precious metals IRA.

What Products Can You Purchase at Silver Gold Bull?

Gold Bullion: Silver Gold Bull, a well-established Canadian company, offers a comprehensive range of gold bullion products. Their inventory includes gold bars in sizes from 1 oz up to 100 oz, and hand-poured gold bars, providing options for both small-scale and significant investors. 

The selection encompasses coins from various nations, including Canadian Gold Maple Leafs, American Gold Eagles and Buffaloes, Australian Gold Coins, and Chinese Gold Pandas. For collectors and those interested in historical pieces, they offer pre-1933 US Gold Coins like Saint-Gaudens Double Eagles and Liberty Double Eagles, alongside European Sovereign Gold Coins such as British Sovereigns and Swiss 20 Francs. 

Additionally, the company stocks rare and vintage gold, gold collectibles, and gram gold for varied investment portfolios.

gold of Silver Gold Bull

Silver Bullion: Silver Gold Bull’s silver products feature a broad array of choices from 1 oz to 100 oz bars, including hand-poured and fractional silver bars. Their silver coin offerings are equally extensive, with popular items such as Canadian Silver Coins, American Silver Eagles, and Perth Mint Silver Coins. They also carry specialty items like Colorized Silver Coins and the America The Beautiful Series, catering to both investors and collectors. U.S. Silver Dollars and Sunshine Mint Silver Rounds round out their diverse selection.

silver of Silver Gold Bull

Copper and Other Metals: Copper rounds are available in various designs, providing an affordable option for diversifying investment portfolios. Although not eligible for IRAs, these rounds are popular among bullion collectors.

copper of Silver Gold Bull

Platinum and Palladium Bullion: The platinum section includes bars from reputable mints like PAMP Suisse and Credit Suisse, available from 1 gram to 1 kilogram. Their platinum coin selections come from top mints such as the Canadian Mint and the US Mint, offering sizes from 1 oz to 1/10 oz. Palladium offerings include bars and coins such as the 1 oz PAMP Suisse Palladium Bar and the Canadian Maple Leaf Palladium Coin, among others. These products offer a more niche market for investors looking into less common but valuable precious metals.

platinum of Silver Gold Bull

Silver Gold Bull not only provides a wide variety of products but also ensures each item’s availability and current pricing through their well-maintained website, ensuring investors and collectors can make informed decisions in real-time.

Silver Gold Bull Fees and Pricing:

Silver Gold Bull, a precious metals dealer, applies a 3% markup on gold products relative to the current market spot price. This markup is subject to change based on the specific products and prevailing market conditions. Customers looking to trade with Silver Gold Bull can start without any account-opening fees, but they are required to maintain a minimum account balance of $1,000, ensuring they are ready to make purchases once they open an account.

For shipping, costs may be incurred depending on the order value, destination, and chosen shipping method. However, Silver Gold Bull provides free shipping on orders that exceed a specified value, which can vary based on the customer’s location and any ongoing promotions. This approach to shipping fees is designed to accommodate and incentivize customers based on their purchase size and frequency.

What Do Silver Gold Bull Reviews Say?

#1. The process of the transaction was straightforward to understand. Our purchase was shipped out promptly and we received it on Diwali Day. The customer support department was very attentive and made every attempt to complete the shipment.

review 1 of Silver Gold Bull

#2. The ordering process is straightforward, the purchase is safe, and the shipping is prompt. During the years that I have been employed by Silver Gold Bull, I have witnessed significant progress in the aforementioned areas. You did an excellent job!

review 2 of Silver Gold Bull

#3. A first-rate service was provided to me; I was kept up to date on the status of my shipping, among other things, and I received the merchandise in a timely manner and in excellent condition.

review 3 of Silver Gold Bull

#4. My item has been delivered, and everything is exactly as I had anticipated. It arrived far sooner than I had expected it would. An order from this location comes highly recommended. This is my second time placing an order, and I am extremely pleased with the things that I have received.

review 4 of Silver Gold Bull

Why aren’t There Many Silver Gold Bull Complaints?

Silver Gold Bull addresses customer complaints through a structured process designed to ensure quick and fair resolution. Initially, complaints are promptly acknowledged to reassure customers that their concerns are being taken seriously. This quick response is crucial for maintaining trust and starting the resolution process on a positive note.

After acknowledging the complaint, Silver Gold Bull conducts a thorough investigation into the issues raised by the customer. This includes reviewing transaction details, customer service interactions, and any other relevant information. The goal is to fully understand the complaint and identify any areas where service may have fallen short of their standards or customer expectations.

Based on the findings of the investigation, Silver Gold Bull then proposes a resolution to the customer. This could involve refunds, exchanges, or other remedial actions tailored to address the specific issues encountered by the customer. The company strives to ensure that the proposed resolution aligns with their commitment to customer satisfaction and fairness.

Throughout the complaint resolution process, Silver Gold Bull maintains clear and open communication with the customer. They provide updates on the status of the complaint and detailed explanations of the steps being taken to resolve it. This transparency is key to rebuilding trust and ensuring that the customer feels valued and understood.

Finally, after the resolution is implemented, Silver Gold Bull follows up with the customer to confirm that the issue has been resolved to their satisfaction. This follow-up is a critical component of their approach, as it helps to confirm the effectiveness of the resolution and maintains a positive relationship with the customer.

Through this comprehensive and customer-focused approach, Silver Gold Bull aims to turn potentially negative experiences into positive outcomes, reinforcing their commitment to quality service and customer satisfaction. This method not only helps preserve their reputation but also encourages continued loyalty and trust among their clientele.

Are There Any Silver Gold Bull Lawsuits?

As of the latest updates, there are no widely reported lawsuits involving Silver Gold Bull that suggest a pattern of significant legal issues or ongoing disputes. This absence of notable litigation is an important aspect for clients and potential investors, as it often reflects positively on a company’s business practices and customer relations.

Silver Gold Bull, a well-established precious metals dealer based in Canada, has maintained a strong reputation within the industry, underscored by its commitment to customer satisfaction and compliance with trade standards. The company’s proactive approach to resolving customer complaints and transparent business operations likely contributes to minimizing legal conflicts.

Moreover, the company’s positive standing is reinforced by its A+ rating from the Better Business Bureau (BBB), an indicator of good faith efforts to resolve consumer issues. Such a rating suggests that any complaints received are typically handled in a manner satisfactory to both the customer and regulatory standards.

However, while the current lack of litigation provides a level of reassurance, it remains essential for customers and investors to conduct their own due diligence. Keeping abreast of any future developments or changes in the company’s legal standing can ensure that their investments are secure and that they continue dealing with a reputable and compliant firm.

Prospective clients looking into Silver Gold Bull for their precious metals investments should consider this clean legal track record as a positive factor when making their decision.

Can You Trust Silver Gold Bull? Is Silver Gold Bull Legit?

Yes, 

They are reputable gold dealers with vast experience.

Before working with a precious metals company, do your research.

Here are some tips to ensure a gold IRA company’s legality:

Tip #1: Check Their Regulatory Compliance and Accreditation

Check for proper licensing and registration with relevant financial regulatory bodies such as the Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA).

Verify the company’s accreditation with industry organizations like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).

It will help you check how credible they are.

Tip #2: Look into The Company’s Background

  1. Research the company’s history, including years in business and any name changes.
  2. Examine the Better Business Bureau (BBB) rating and accreditation status.
  3. Review customer feedback on reputable third-party review sites like Trustpilot or Consumer Affairs.

Tip #3: Does the Company Offer Good Resources?

  1. Assess the clarity of information provided about fees, storage options, and buyback policies.
  2. Evaluate the quality and depth of educational resources offered to investors.
  3. Verify that the company provides clear information about IRS regulations regarding precious metals IRAs.

Tip #4: What are Their Product Offerings and Pricing?

  1. Ensure the company offers IRS-approved precious metals for IRA investments.
  2. Compare pricing with other reputable dealers to ensure competitiveness.
  3. Be wary of companies pushing numismatic or collectible coins over bullion for IRA investments.

Tip #5: Confirm the Storage and Custodian Partnerships

Verify that the company works with IRS-approved custodians and secure storage facilities. According to IRS’ regulations, you cannot store your gold IRA’s precious metals at your home.

You’ll need a certified third-party storage provider.

Check the company’s storage and custodian partner to ensure you’re working with a reliable firm. Moreover, ensure they offer segregated storage options for your precious metals.

Segregated storage means your owned precious metals products will be stored separately from other investors’ possessions. Similarly, non-segregated storage means your products will be stored along with others.

Keep in mind that storage providers charge extra for segregated storage.

Some popular custodians include Equity Trust and Goldstar Trust.

Red Flags to Watch For in Gold IRA Companies

  1. Promises of guaranteed returns or claims of “secret” investment strategies.
  2. Pressure to act immediately or make large investments without proper consideration.
  3. Lack of physical address or unclear company ownership structure.
  4. Unwillingness to provide detailed information about fees or policies in writing.

By thoroughly evaluating these aspects, investors can make an informed decision about the legitimacy and reliability of a gold IRA company. It’s crucial to conduct due diligence and, if necessary, consult with a financial advisor before making any investment decisions.

Silver Gold Bull Review Summary:

Silver Gold Bull, established as a significant player in the precious metals market, continues to uphold its reputation for quality and reliability, substantiated by its A+ rating with the Better Business Bureau. The company, headquartered in Canada, specializes in providing a wide range of precious metals products including gold, silver, platinum, and palladium. These offerings cater to a diverse clientele, ranging from investors looking to diversify their portfolios to collectors seeking specific, high-value items.

Central to Silver Gold Bull’s appeal is its commitment to customer satisfaction, which is reflected in the positive feedback it has accumulated across various consumer platforms. The firm ensures transparency in all transactions, which reinforces customer trust and enhances its credibility in the precious metals market.

Silver Gold Bull’s product lineup is extensive, featuring gold coins from various countries, silver bars of all sizes, platinum coins, and palladium bullion. They also offer rare and collectible metals, providing ample options for every type of metal investor. The convenience of their online platform, combined with the option to visit their physical store in Calgary, allows for accessible and versatile service.

Moreover, the company supports investors interested in incorporating precious metals into their retirement plans by offering Gold IRA services. This service is facilitated through partnerships with reputable IRA custodians, ensuring that the investments meet regulatory requirements and are securely stored.

In addition to its products and services, Silver Gold Bull is noted for its educational resources, providing valuable information to both novices and experienced investors. This educational commitment helps clients make informed decisions, which is crucial in the volatile world of commodity investments.

Overall, Silver Gold Bull distinguishes itself through its comprehensive approach, combining a robust product selection with exceptional customer service and reliable investment guidance. Its ongoing commitment to transparency and client education underpins its status as a trusted name in the precious metals industry.

Silver Gold Bull Review: Fees, Complaints, Lawsuits, and More
Silver Gold Bull Review: Fees, Complaints, Lawsuits, and More

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