In today’s review, we shall look at “What is Ottawa Bullion”. We shall dig deeper into what this company entails and whether it is one you can rely on, by having a look at:
- What it is?
- How it works
- The products it offers
- Can you sell your products to Ottawa Bullion?
- How its products are priced
- Does it offer storage?
- Is it genuine?
- What are its pros and cons?
Official Website URL:https://www.ottawabullion.com/
Owner: Ottawa Bullion
Overall rating: [us 4.0]
Recommended? : Yes
What is Ottawa Bullion?
Ottawa Bullion exists as a locally owned and operated Gold and Silver Products dealer. This company offers a very safe and convenient platform for its clients living around the Greater Ottawa area to purchase a wide variety of precious metal products in the form of:
- Bullion coins
Those who are interested in purchasing these products can visit Ottawa Bullion and purchase them in person. This company’s mission is to see to it that the local precious metal investors have a very reliable and discreet method through which they can gain access to the finest and purest bullion at any time they need them. Ottawa Bullion offers its products at very competitive prices.
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How does it work?
If you want to purchase products from Ottawa Bullion, you can book an appointment with them, or you can visit the Ottawa Bullion website (for retail precious metal products) and Ottawa Bullion Wholesale website (for the wholesale precious metal products). There are times in which Ottawa Bullion does not allow for one to book a session, hence one has to keep on checking the official website to see if they have re-opened the booking system. Despite having provided their official contact which anyone can use to reach out to them, this company advises that one completes their appointment request using their online booking tool. Leaving a voice-mail is not usually construed as a confirmed appointment.
Once inside this website, you can access a wide range of products by shopping for them in the same manner that you would shop in other eCommerce sites. When using the eCommerce platform, you should try your best to make your purchase during the day, since the online checkout system is usually closed for the night.
Which products does Ottawa Bullion offer?
Currently, this company offers most of its precious metal products in wholesale quantities through Ottawa Bullion Wholesale. If for instance, you want to purchase the 2020 1OZ Canadian Gold Maple Leaf, you can only access it in any of the following quantities:
- 10 to 19
- 20 to 49
- 50 to 99
The pricing in each volume bracket differs significantly. You will get a better deal when you purchase 100+ Canadian Gold Maple Leaf coins, than the one you would get if you purchased 10 to 19 coins.
The gold products offered by this company include:
- Canadian Gold Maple Leaf
- Gold Bars from various brands ( all sealed in Assay Cards)
- Gold Bars from the Royal Canadian Mint.
The silver products offered by Ottawa Bullion include:
- Silver Bar Royal Canadian Mint
- Canadian Silver Maple Leaf Monster Box
- 10 Oz Silver Bars from various brands
Can you sell your Gold and Silver products to Ottawa Bullion?
Yes. You can get paid for selling your bullion to this company. There is a buy-back price chart on the official website that you can visit to check the prices of the bullion. Ottawa Bullion, however, advises that you confirm the buy-back rates with them on the day that you want to sell your bullion to them.
Pricing of the products
Ottawa Bullion claims to offer some of the fairest prices in the market. It is hard to track this since its price charts are usually refreshed constantly. As much as the prices of precious metals do not usually change by a huge margin, minimal price changes can dent your wallet, more so since you are expected to purchase large volumes.
This company allows its clients to make online orders in Canadian dollars only. If you would like to make your order in USD, you have to contact the support staff to make that type of arrangement.
At Ottawa Bullion’s discretion, you can be allowed to make your payment through WIRE transfer. This is allowed for orders that are greater than $10,0000. You, however, still have to contact the support staff at Ottawa Bullion to notify them that you would like to make the payment via WIRE transfer.
Also, you can pay for all your products that are worth more than CAD 1000 using Bitcoin. A 1% fee is added to all Bitcoin orders.
Does Ottawa Bullion offer Storage?
Ottawa Bullion is, through Ottawa Bullion Wholesale, able to offer robust storage solutions to all clients who purchase gold and silver products from a location that is outside North America. Ottawa Bullion Wholesale has a partnership with Strategic Wealth Preservation (SWP), which is a Class 3 UL Rated Precious Metal Storage Facility based in the Cayman Islands. Ottawa Bullion’s partnership with SWP makes it possible for its clients to choose whether they would like to store their gold and silver products at the Cayman Islands by dealing directly with SWP or to have Ottawa Bullion undertake all the storage and asset management operations on their behalf.
SWP guarantees its clients that their investments are 100% allocated to an offshore investor-friendly jurisdiction that is segregated and insured. It has a state-of-the-art storage facility that guarantees the safety of precious metal products.
Is Ottawa Bullion genuine?
Ottawa Bullion is 100% genuine. It has a rating of (3.1/5) stars on Google Reviews. A look at the customer reviews reveals that customers who read all terms and conditions usually get served professionally. These customers have given the company a (5/5) star rating and have left very good remarks about it. The reviewers who have given this company (1/5) stars are those who tried calling the support staff and left voice-mail, instead of reaching out to them through the online booking system. This is clearly not Ottawa Bullion’s fault, which leads us to the conclusion that Ottawa Bullion is a genuine company that you can rely on if you want to purchase or sell your gold and silver bullion.
Pros and cons
- Prices are updated frequently
- Accepts Bitcoin payments
- Significant discounts on voluminous purchases
- Safe and insured storage is offered
- The online checkout system is not available for 24 hours a day.
- Not very many customer reviews are available about it.
Gold IRAs are still a top preference for most bonafide investors.
Take a look at our top 5 recommended Gold IRA firms!
That is pretty much what there is about Ottawa Bullion. I hope you enjoyed the review, and that you can now tell a friend or two about this company. If you have some insights to share, or questions to ask, please feel free to do so in the comments section.