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FAQ
Your Questions
Answered
I Am New To Bullion What Do You Recommend Educating Myself?
We recommend watching: Mike Maloney's 10 part video series called "Hidden Secrets of Money" (42) Money vs Currency - Hidden Secrets Of Money Episode 1 - Mike Maloney - YouTube
How to Store Silver Bars & Coins at Home - Mike Maloney (14:40)
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After Purchase, What Happens to My Bullion?
You have the option to take delivery of your purchase or you can ask for it to be stored in a secure vault for an annual fee of 0.65% to 1.0%
How to store bullion at home.How to Store Silver Bars & Coins at H
ome - Mike Maloney (14:40)
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How Do I Sell My Bullion When I Want To Liquidate?
If you are looking to liquidate your bullion you can sell the gold and silver either back to us or any Bullion dealer.
Is It Possible To Invest In Physical Gold And Silver In My Registered Savings Account(s)?
Yes, Questrade’s Registered Savings Program allows you to safely and securely hold gold and silver in a TFSA, an RRSP, a RRIF, a LIRA and any savings plan registered with the government of Canada in tax-advantaged accounts.
How Do I Purchase Gold And Silver Through My Registered Savings Account?
Purchases are always done over the phone or in person. Once your account is funded with Questrade, we’ll give you a call and help you place your order or we can agree on it at the time of signing up.
Will I Pay Taxes If I Transfer My Registered Savings Account To You?
No, transferring your registered savings from one institution to another is not a taxable event.
How Is The Storage Fee Calculated In My Registered Account?
Questrade will handle the calculation and withdrawal of funds for you.
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The rate to store gold and silver of 0.65% to 1.0% annually on the current value of the bullion on the 8th of every month.
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Example: $100,000 value x 1% = $1,000/12 = $83.34 Fee charged on the 8th
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What Gold And Silver Products Can I Hold In My Registered Savings Account?
The products must be pure gold (.9999) or pure silver (.999), and only LMBA-approved products can be placed inside of a registered plan. This includes metals from popular mints such as the Royal Canadian Mint, Asahi Mint, Perth Mint, Credit Suisse, etc. Inventory conditions do apply, as metals must be deposited quickly into storage after placing a purchase.
Can I Privately Store My Bullion?
Registered savings plans must have the bullion stored in a vault. Anything outside of a registered plan you can store at home.
Does It Cost Anything To Pull Out My Privately Stored Bullion?
A small fee is charged if clients withdraw their physical assets. Also applicable taxes would be withheld if the funds are in a registered plan.
Are Storage Fees Tax Deductible?
Unfortunately, storage fees for personal accounts are not tax-deductible. However, business accounts can claim storage fees as a business expense.
Are My Metals In Storage Insured?
Yes, an insurance policy through the Lloyds of London covers the full market value of all deposits.
