Bullion Dealers
To find a registered BULLION DNA™ dealer near you, consult our listings.
If you’re thinking about buying precious metals, it’s a good idea to do some research first. There are three main things to consider when making your decision: price, trust and accessibility.
One of the easiest ways to purchase physical bullion coins and bars is through a local precious metals dealer. Finding a bullion dealer that best suits your needs is important. There are three main things to consider when making your decision: price, trust and accessibility.
Be wary of providers who make guarantees or overly optimistic promises. You should never feel pressured into purchasing investment products.
Shop around, ask for competitive quotes and check price against the current spot price.
Look for an established dealer, ask for recommendations and visit them in person if possible.
Understand a dealer’s process to buy or sell bullion from them. The easier, the better.
Coins
Coins are typically more affordable than bars because they weigh less but they tend to have higher premiums than bars. Coins can be easier to sell if you need to liquidate part of your investment. Some coins are available in fractional amounts but also tend to have higher premiums than larger coins.
Bars
Bars are often chosen by financial institutions, investment funds, corporations and others looking to invest in large quantities of precious metals and benefit from lower premiums. Like coins, bars vary in size.
Exchange-Traded Funds (ETFs)
In addition to physical coins or bars, you can also acquire precious metals as ETFs. They offer the liquidity of stock investments and may be favoured by investors who want to avoid the logistical challenges of storing, transporting and insuring physical assets.
Gold is traded 24/7 on precious metal exchanges around the world and its value fluctuates constantly throughout the day based on buyer and seller activity on these exchanges. Twice a day the LBMA sets a “fix price” that is used as a benchmark by banks, mines and other large market participants. The LBMA uses a similar process to set the prices of silver and platinum.
Beyond the base investment price, buying bullion comes with certain additional fees and costs. When buying bullion, you can expect to see a purchase fee, which is usually a percentage of the investment amount. Providers typically charge a purchase premium, which compensates them for the production and transportation of the bullion products.
Selling bullion and how you choose to store physical bullion also comes with its own additional costs, which you can learn more about in our bullion buyer’s guide.
To find a registered BULLION DNA™ dealer near you, consult our listings.
The Royal Canadian Mint has two locations where guests can visit.