Welcome to Silvertip Gold
Thanks for checking out my business, and hopefully I can offer you what you're looking for.
Purchasing real Gold and Silver from Silvertip is the easiest and quickest way to buy precious metals in Saskatchewan. It's as easy as.... you make an appointment, we meet, and you leave with your purchase. But if you're new to the precious metals market, or you've not dealt here before, there are a few things that you must understand before you dive in. Making a fully educated decision, makes things way better for both you and I.
Credibility and the assurance of privacy is critical for a Gold and Silver dealer. Please know that I've been operating in Saskatoon since 2011 and over that time, have acquired a substantial client base. You will find a good number of positive Customer Feedback reports on places like Google Businesses, etc., however, if you're like most of my clients, you'll want to keep your purchases private, and will prefer to not leave my positive feedback, as it exposes your name to many people, that you own Gold or Silver. This makes it more difficult for you as a potential customer, to gain my trust right off, but if you do things such as contact the Royal Canadian Mint to verify that I'm an accredited dealer, see the Saskatoon and Saskatchewan Business Licences under the Reviews tab, and check out all the reviews for Silvertip Gold on Google, I trust that you'll then know that here, you can deal in confidence, and have the assurance that your confidentiality is an essential aspect of our business that we take very seriously.
Below are some key points that I hope will really help you out, when deciding what and when you should be investing in, in the physical Precious Metals market.
I'm a sole-proprietor gold and silver dealer, accredited with the Royal Canadian Mint, as a Bullion DNA Dealer. My aim is to bring you the best prices possible, in the physical precious metals market. Being a small, privately owned business, means that in most cases, you have the advantage of taking immediate possession of your gold or silver, and you're not waiting weeks or even months to receive your items, as you would from on-line companies. Silvertip is a customer-direct business, which means we meet with you face-to-face, as there's no storefront. Most first-time customers find this a bit abnormal, but it's the only way I can offer you to take immediate possession of your gold and silver, in Saskatchewan.... and once you're a regular client, people tell me they actually prefer this option, as they're speaking and dealing directly with someone who actually works with, and knows gold, as opposed to a clerk in the bank who wouldn't be able to answer a single question you may have about investing in precious metals.
The biggest obstacle that I need to overcome, is to help people understand that when dealing in gold and silver, the prices change minute by minute, so the exact price can only be determined at the time you are actually making the payment. Because the price will go down or up constantly. But once you understand that principle, buying or selling is as easy as one phone call or text. Then a meeting is set up, and you will them either take immediate possession of your products, or if you're selling, receive payment on the spot. During this time of higher demand, there are other things you need to know, in order to make sure you're making the best decision, so please check out my entire website if you're new to investing in the physical precious metals.
Please click on the "Payments Option" tab, to review which option is going to work best for you, then give me a call when you're ready to make a deal.....it's that easy.
Purchasing precious metals is not a good idea if you're plan is to get rich fast. Many call me up after watching a video where someone they respect is telling them that gold or silver is going to double next week, and then is going to be in the tens of thousands by year's end. If you believe those sort of reports, I honestly would rather not sell to you, as you are most likely going to be unhappy with your purchase, and will be depressed when you see the prices in the short term, go down. When you purchase, I recommend you have the frame of mind, that the prices will likely drop 10% to 20% in the short term, and that if something comes up and you have to re-sell your purchase within days or months of your purchase, you should be prepared to take a 20% hit in silver, and a 15% hit in gold. Again, hopefully you've researched this enough to understand that precious metals is not a get rich quick scheme, but over the long term, it has proven to be the best asset class to be in, especially when all the others have taken a downturn.
The last item before I leave you, is to address the number one question I hear from just about every new client. Their question is, "If I bought and sold the same day, what's the difference in dollars ?"
This is a loaded question, that requires much background and explanation, so please stay with me here.
Gold and silver should be viewed as insurance against a currency collapse, and a protection of ones wealth, or purchasing power. It is not an "investment" that is designed to creep upwards every year. It can, and does, but there are much better "investments" that the financial investing world has to offer you, if that's what you're looking for. That is of course, till history repeats itself, and the fiat currency becomes worthless, and now you're left with nothing. During the past 4000 years, the only financial instrument that has not eventually gone to zero, is Gold and Silver.
Everyone knows, that when you pay $50,000 for a new car, the moment you drive it off the lot, you're losing around $10,000. So one could argue, that the car you just purchased was not worth $50,000, it was only worth $40,000. Then why did you pay the $50,000, if you knew it was really only worth $40,000 ? There's likely several reasons why, and I'll let you stop and ponder those reasons for yourself for a bit....then continue on with my explanation.
"Paper Gold" can be purchased from your banker, or on-line, as and Exchange Traded Fund(ETF), or other similar entity. These formats offer a very good Purchase to Sell ratio, because you're not actually purchasing any gold or silver, and they are just set up to make money off of you, through their daily fees. Yes, that's correct, when you put money towards these paper gold things, YOU ARE NOT PURCHASING ANY GOLD ! You are led to believe you are, and you very well might believe you are, but do the research if you don't believe me, because you are only purchasing at best, a piece of paper stating that you've paid someone to manage a fund for you, that is loosely based on the SPOT price of Gold and Silver. That is why, none of these ETF's of Gold Funds, etc. are priced anywhere near the SPOT price, because then people would be more likely to calculate for themselves, that the scheme is a scam. Need proof? As of today, the largest Gold ETF fund is GLD on the Dow Stock Exchange. It's price per item is $159.78, which is nowhere near the current SPOT price of $1705 USD. That's because you're not purchasing a speck of actual Gold, you're just putting money towards their fund. So with this scheme, the only way to find out how much they're really taking from you, is to take the percentage that the gold price has gone up over time, and compare it to the percentage that your funds have gone up during that same time. Then you will see, that the fees were huge. But because the fees aren't up front, and there's no way to calculate them ahead of time, some people are enticed, and do put their money there. And yes, if you were to buy one day, then sell the next, the "Spread", or difference between the two, would be quite low, as compared to the real physical Gold, but then every month you own the ETF, fees are taken off your purchase, and that's when the real cost of your investment begins to be realized. And because these funds are so heavily leveraged, and work totally off of derivatives, I can speculate that when the financial world is subject to a really bad downturn, that these market funds will be subject to insolvency, therefore you would loose 100% of your investment.
Now that you understand the real costs with investing in fake, paper gold products, you should be able to have a better time at understanding the answer to your question, of "what is the spread of gold?" Just like most things in life, there is no one exact number I can tell you here, because there are many moving parts, and the numbers would be different with every single dealer. But what I will do, is give you some percentages, that, would be close, under "normal" circumstances. That is, when there are no major crisis going on in the world, and life is just chugging along at a smooth pace. And the numbers are based on purchasing several one ounce gold coins.
1. Gold Purchase - 2.5% ($60) to 4% ($96) over the SPOT price.
2. Gold Sell - 0% to 4% ($96) under the SPOT price.
3. Silver Purchase - 14% ($2.94) to 23% ($4.83) over the SPOT price
4. Silver Sell - 0% to 5% ($1.05) under the SPOT price.
And as noted above, these are some average percentages you can expect during NORMAL times. In times of major unrest, such as the 2020 Pandemic, the Purchase Price percentages over the paper spot prices, went as high as 50%. This may be hard to understand, but it should really just make you feel more secure with holding real gold and silver. Again, the spot price you see on the internet is the price that is based on the paper markets, not the real assets. People invest into the real assets, because it's based on true supply and demand, not the manipulated fictitious paper market. If you wish to read more about this, please see "The Case for Gold" tab, found above.
The variances in the numbers can include such options as, number of items bought or sold, the condition of the coins, whether they're brand new from the mint or are second hand, weekday vs weekend(markets open or closed), whether the general trend of the last while has been trending upwards or downwards, or even whether the particular dealer is fully stocked at the time, or is needing to replenish.
My final thought on this, is what I tell every new client of mine. It's that you need to spend a lot of time studying and researching the role that gold and silver plays within and investment strategy, and be able to understand that most well diversified portfolios have between 10% and 20% invested into physical gold and silver. But the choice is totally up to you, whether you'll sleep better at night knowing that you have the real thing, or if it's better for you to have a piece of paper stating that someone else has your wealth. Because that is a decision that's best discussed between you, the ones you love, and your Financial Advisory.
If you have read and believe you understand all the aspects of dealing in gold and silver, then please give me a call and I'll do my best to make sure you get the real physical gold and silver into your hands, and to start protecting your wealth with products that have been found to be tried and true, for thousands of years.
Hope to talk to you soon,