Friday, November 14, 2008

Sprott Money

This is a write up of Sprott Money Ltd, A Canadian gold and silver dealer and explains who they are and what they deal in and is well worth reading before you decide to buy gold from Sprott Money.

As always, we recommend one does one’s own due diligence before buying gold from any gold dealer.

Who are Sprott Money
Sprott Money Ltd is a relatively new gold and silver dealer being established in 2007. However, Eric Sprott is the Chairman and has been an investor in the precious metals market for almost 10 years. Brendan Dunklee, the Chairman is also a long term investor in gold.

Established in 2007, Sprott Money Ltd. is one of Canada’s largest owners of gold and silver bullion. They state their goal is to facilitate ownership of precious metals to the general public.

Sprott Money are based in Canada at the Royal Bank South Tower in Toronto, Ontario. They are available through email, phone and fax.

Sprott money are a gold and silver bullion dealers available to the general public and specialize in precious metals utilized as investment vehicles

The website was created on 5th of Februar 2008.

Sprott Money Products
Sprott Money Ltd. has 1000 ounce silver bars and 400 ounce gold bars available for sale and delivery. The maximum for any one gold bullion order is 10 ounces and for silver bullion it is 100 ounces. They also state they, at the time of writing, a limited number of gold and silver Canadian Maples Leafs are available for sale.

How to Buy Sprott Gold and Silver Bullion
Currency can be either USD or Canadian Dollars. Payments can be made by money order, bank wire, certified cheque or a cashier’s cheque. A confirmation email will be sent when payment is received and all payments should be dated within 24 hours of the order placed. As soon as payment is confirmed and approved shipping arrangement will be made.

It is possible for small orders of gold and silver bullion to be purchased from their site. The limit for these orders is ten ounces of gold and one hundred ounces of silver.

It should be noted that Official Status Reserve Indians are exempt from taxes on gold coins, and on their delivery. However, government policy states that a fax or copy of the Certificate of Indian Status/Purchase Exemption Certificate must be submitted with the order.

Sprott state they do not accept personal cheques from non-Canadian residents as there is a 30-60 day waiting period.

You can also sell your coins or gold and silver bullion back to Sprott Money. It is advisable to give them a call and establish that they will buy your gold or silver and what the price will be first.

Last Word on Sprott Money
Sprott Money Ltd also offer a storage service for your gold and silver bullion. Storage is charged on a year-to-year basis, with the first year of storage charged with the first bullion order. Minimum storage charged is $50.00 year.

If you have bought and gold or silver coins from, then please feel free to leave your feedback on the quality of their service and products including any complaints and special attention or service given by

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