Buying precious metals online is a popular way to get exposure to this alternative asset. Unfortunately, there are many scams, and it’s easy to overpay for gold or silver bullion if you’re not careful.
Thankfully, it’s possible to find competitive prices and good deals at Silver Gold Bull. The platform offers free shipping, secured storage and a precious metals IRA.
Our Silver Gold Bull review evaluates your investment options on the platform and reveals what to expect when you make a purchase.
Silver Gold Bull offers gold, silver and platinum coins and bars. It has some of the lowest premiums, and orders above $199 qualify for free shipping. Secure storage and gold IRAs are available for fully-insured, off-site storage.
- Competitive premiums
- Good product selection
- Offers free shipping
- Signature-required deliveries
- Potential $9.95 shipping fee
- Cannot cancel orders
What is Silver Gold Bull?
Silver Gold Bull sells coins and bars of different precious metals from various mints. The company claims that it is the leading bullion dealer in the United States.
You can buy the following through the platform:
It’s also possible to purchase gold and silver collectibles as well as jewelry that may have a different investment performance than traditional bullion.
The vendor offers 100% insured and tracked delivery to several countries. Additionally, orders over $199 qualify for free shipping. Buyers may also appreciate that each order requires a signature upon delivery for extra security.
Off-site vault storage is also available at an additional cost if you don’t want to keep your metals in a personal safe.
This service is for retail investors who want to invest small amounts of money, such as $200 or less per order. What’s more, you can schedule an appointment with a precious metals specialist when you’re investing at least $10,000.
Is Silver Gold Bull Legit?
Yes, Silver Gold Bull is a legit platform to invest in gold, silver and other precious metals. The platform has many positive customer reviews that praise the dealer’s competitive prices and fast shipping.
The platform can also be a trustworthy place to sell your precious metals as they insure each package and inspect each shipment on camera. Better yet, they send next-day payments after completing the verification process.
How Does Silver Gold Bull Work?
You can buy coins, rounds and bars from the Silver Gold Bull website. It’s free to browse the current inventory, but you must create an account to complete an order.
This online marketplace has most items that precious metals and collectors want.
- Gold coins and bars
- Pre-1933 U.S. gold coins
- Silver dollars
- Junk silver (pre-1965 90%, 80% and 50% U.S. silver coins)
- Platinum coins and bars
- Palladium coins and bars
- Copper rounds
Depending on the product, you can purchase items in ounces or grams, such as a one-ounce gold coin or a 2.5-gram gold bar.
Unfortunately, the available inventory fluctuates, and you may need to join a waitlist for out-of-stock items. One example is palladium coins. These are less common than gold or silver, so a smaller supply exists.
You can also purchase fractional silver, including half-ounce silver coins that can serve as legal tender. However, the metal value can be worth more than the currency’s face value.
The item’s prices depend on the metal spot price and current premium. As spot prices constantly fluctuate, your final purchase price can differ by several dollars or cents from when you originally placed the product in your cart.
When you’re ready to check out, you have multiple payment options.
- Credit card
- Cryptocurrency (via BitPay)
- eCheck (ACH transfer)
- Money order
- Paper check
- Wire transfer
Paying by eCheck, wire transfer, mailing a payment or paying by cryptocurrency lets you enjoy a discount of up to 4%. Credit card and PayPal payments don’t receive a discount because additional processing fees apply.
Each order ships within two days after your payment clears. Like most competing vendors, your shipment arrives in discrete, unmarked packaging for maximum privacy. Additionally, your package is fully insured and comes with a tracking number.
Since Silver Gold Bull receives most products directly from the mint, your ordered items arrive in the original packaging to prevent tarnishing and damage.
For additional safety, all orders require a signature to pick up. While this requirement prevents misdeliveries, it can be a hassle if you’re unavailable when the shipment arrives since you may need to go to the post office to pick it up instead.
Cancellations and Returns
All orders are final, and you should only submit payment once you’re certain you want to buy what’s in your cart. Even if the order hasn’t shipped yet, you have entered into a contractual agreement according to the dealer’s terms and conditions.
If you change your mind before the order ships, the vendor will liquidate your order at the current market price, and you may need to pay a price difference if the metal prices increase since the original transaction date.
It’s also possible to return your items under a 100% customer satisfaction guarantee. You must contact the dealer within two days of receiving your shipment and request a refund, exchange or store credit.
How Much Does Silver Gold Bull Cost?
The item price depends on the current spot price of the underlying metal and the dealer premium. Since premiums can vary widely between precious metals deals, comparing prices from several vendors can be worth the effort.
For example, a $1 face value for 90% U.S. silver coins may cost $20.07 from Silver Gold Bull, $21.64 from SD Bullion or $30.34 from JM Bullion (quotes are from 1/18/2023).
These price differences are common when buying gold and silver, so shopping around is vital.
In addition to variable item prices, shoppers may encounter these fees:
- Shipping: Shipping is free on orders above $199 and $9.95 for smaller orders
- Payment processing: Paying by ACH transfer, check, wire transfer or crypto can result in a 4% discount. There is no discount when paying by credit card or PayPal.
Depending on your state of residence, sales tax may apply to your order total. A fee also applies to optional services, including secure storage or a precious metals IRA.
Silver Gold Bull Features
The platform offers additional services that can make it easier to buy physical gold and silver online. Here’s where the company stands out.
Even a small stash of gold and silver can be worth a fortune, making it risky to keep in a personal location like a fireproof safe or a bank safety deposit box.
Instead, you may consider Silver Gold Depository, which stores your metals in an individual container to keep them separate from other depositors. This service has six locations in four countries and currently stores over $150 million in assets.
Your deposit is fully insured by Lloyd’s of London and stays under 24/7 surveillance. Customers can also visit a storage facility by appointment.
Storage fees vary by location and the stored value amount. You can call to receive a free quote.
Opening a self-directed gold IRA lets you own bullion in a tax-advantaged retirement account. This account type differs from a traditional or Roth IRA that holds stock market investments. However, you can still contribute to your brokerage IRA and 401k.
Custodian fees apply, and you will need to store your IRA-eligible bullion in a registered and approved storage facility.
The vendor will ship your order directly to the storage location where it’s fully insured.
Best Price Guarantee
Silver Gold Bull offers competitive prices and is usually one of the most affordable dealers. Nevertheless, there are instances when another website offers a better price on the exact same item.
If this happens, the vendor will match the all-in price (lower advertised price, applicable fees and shipping costs) from authorized bullion dealers for in-stock items.
You will need to call an agent to initiate the price match request.
Investing in precious metals is expensive, but browsing the Deal Zone tab can help you enjoy a small discount. This page displays the current limited-time offers that can help you save from $1 to $35 per coin.
Silver Gold Bull Reviews
This online merchant has many happy customers that appreciate their comprehensive customer service, fast shipping and diverse product selection.
Here’s how the platform scores on different ratings platforms:
|Site||Rating||Number of Reviews|
|Better Business Bureau||High||31|
Here are a few Silver Gold Bull review excerpts from users:
“A great first experience. Their website is easy to use, the navigation to choose our products is efficient and the delivery went very well. I am completely satisfied with my first order with Silver Gold Bull.” — Gilles C.
“Their order came well and securely packaged as well as discreetly labeled. I will certainly keep this website on my browsing list for further investments. I do wish that I had an option to NOT have a signature required upon delivery.” — Bill A.
“The package arrived with its contents discreetly concealed. I even received a follow-up e-mail to see if I had received it before it was delivered.” — Jewelrylover
“Everything went smoothly and I received my order in a timely manner. My only complaint with these companies is always the same. The fees are quite high. I feel there’s a line to how much one should charge over spot.” — L S
Are you still not sure if Silver Gold Bull is the right option for your precious metal purchase needs? These frequently asked questions can help.
Silver Gold Bull offers excellent prices on gold and silver as well as low free shipping minimums. It also has a diverse product catalog that makes it easy to buy precious metals on a budget or with a high net worth.
The dealer’s best price guarantee, quick shipping speeds and secure storage options make this platform one of the best places to buy gold.