If you are thinking of buying precious metals from Ottawa Bullion, you need to read this article carefully to avoid losing your money. Here, we look at Ottawa Bullion reviews and ratings by real customers on respected online directories such as the Better Business Bureau, Business Consumer Alliance and Trustpilot, to determine whether this company is legit or scam. But first, let’s have a look at who they are, their products and fees charged by Ottawa Bullion.
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Table of Contents
- 1 Who Is Ottawa Bullion?
- 2 Company Info
- 3 Products/Services Offered By Ottawa Bullion
- 4 Ottawa Bullion Pricing
- 5 Pros of Choosing Ottawa Bullion
- 6 Massive Discounts on Bulk Purchases
- 7 Offers Secure Storage Vaults
- 8 Offers Buy-Back Programs
- 9 User-Friendly Online Store
- 10 Accepts Bitcoin
- 11 Cons of Choosing Ottawa Bullion
- 12 Their Booking System Is Complicated
- 13 Lack of Sufficient Customer Reviews and Ratings
- 14 Limited Payment Options
- 15 Not Favorable for Investors On a Tight Budget
- 16 Limited Selection of Products
- 17 Is There a Better Alternative to Ottawa Bullion?
- 18 Customer Complaints and Ratings
- 19 Should You Buy From Ottawa Bullion?
- 20 Frequently Asked Questions
- 21 Is Ottawa Bullion Legit or Scam?
- 22 Does Ottawa Bullion offer Precious Metals IRAs?
- 23 Ottawa Bullion Alternatives
- 24 Conclusion
Who Is Ottawa Bullion?
Ottawa Bullion is a precious metals dealer based in Ottawa, Canada. The company mainly deals in gold and silver coins and bars and offers a robust online platform for smooth transactions. Ottawa Bullion’s products and services are mainly targeted at the locals around Ottawa and mainly accepts payment in Canadian dollars. Most of their products are sold in wholesale terms hence making it hard for people on a tight budget to afford their products.
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Location: Ottawa, Canada
Address: 1309 Carling Ave
ON K1Z 7K8
Management: Ottawa Bullion
Tel: +1 613-979-4653
Overall Rating: (3.5 / 5)
Recommended? Not Recommended
Products/Services Offered By Ottawa Bullion
Ottawa Bullion offers a wide range of gold and silver products, mainly in form of bullion bars and coins. Most of their products are of high quality and come from various brands. They include 1 OZ Canadian Gold Maple Leaf Coins, 1 OZ Canadian Silver Maple Leaf Coins, 10 OZ Royal Canadian Mint Silver Bars, 100 OZ Royal Canadian Mint Silver Bars and much more. All their products are available for viewing and purchase on their official website, but you first have to book and appointment via their online booking system. Most people find this unappealing as it tends to be a tedious process mainly because their booking system is not always available.
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Ottawa Bullion Pricing
Ottawa Bullion displays metal prices on their online store, and they are constantly updated. Thus, metal prices keep changing and you need to keep an eye on their price charts. Let’s now have a quick look at what to like and what not to like about Ottawa Bullion.
Pros of Choosing Ottawa Bullion
Massive Discounts on Bulk Purchases
You will save massively when you bulk buy via their wholesale website.
Offers Secure Storage Vaults
Ottawa Bullion offers secure storage to customers through their partnership with Strategic Wealth Preservation (SWP). They offer segregated and insured storage vaults to guarantee maximum security for your investment assets.
Offers Buy-Back Programs
You can buy from and also sell back your bullion to the company. Thus, this company makes it easy for you to liquidate you assets in case of emergency.
User-Friendly Online Store
Their product catalog is neat and easy to navigate. Metal prices are also updated frequently.
Ottawa Bullion accepts Bitcoin payments for purchases above CAD 1000 which makes it convenient for customers who prefer to pay with Bitcoin.
Cons of Choosing Ottawa Bullion
Their Booking System Is Complicated
Their online appointment-booking system is not always available despite the fact that it’s mandatory to book and appointment through this system before you can purchase their products. They do not allow customers to book appointment via phone calls, hence everyone has to use the online platform which is not available 24/7. This can be extremely inconveniencing.
Lack of Sufficient Customer Reviews and Ratings
There are not enough customer reviews on online directories to determine whether Ottawa Bullion is actually reliable or not. Most companies have thousands of customer reviews and testimonials on online platforms.
Limited Payment Options
They mainly accept payment in Canadian dollars and you have to talk to their support in case you want to purchase with US dollars. They also do not allow payment via wire transfer unless you contact their support and request for their permission to do so.
Not Favorable for Investors On a Tight Budget
Most of their products are sold on wholesale terms, hence you have to make bulk purchases which makes the whole undertaking costly. This may not favor investors on a tight budget.
Limited Selection of Products
They deal in gold and silver bullion products, and a few other items. They have a limited selection of products when compared with other companies who have thousands of products in store.
Is There a Better Alternative to Ottawa Bullion?
Yes, there is a better alternative with fairer prices, better customer ratings and easy check out. Our top recommendation, Goldco Direct
offers and easy-to-use platform where you don’t need to book online appointments, and accepts multiple payment options including wire transfer. They also offer Precious Metals IRA Services with lowest fees and awesome customer support. You can check out our Goldco Direct Review Here.
Customer Complaints and Ratings
Surprisingly, we couldn’t find any customer reviews, ratings or complaints about Ottawa Bullion on platforms such as the Better Business Bureau, Trustlink, Trustpilot or Business Consumer Alliance. Their only available reviews are on Google+ where they have a 3.4 star rating from 18 customer reviews.
Should You Buy From Ottawa Bullion?
There’s no doubt that Ottawa Bullion is a legit bullion dealer, but as we’ve seen in this review, it’s not the best out there. Our top recommendation, Goldco Direct
may be a better alternative for you as they offer better deals and do not have a complicated checkout process.
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Frequently Asked Questions
Is Ottawa Bullion Legit or Scam?
Ottawa Bullion is a legit precious metals company and not a scam.
Does Ottawa Bullion offer Precious Metals IRAs?
No, Ottawa Bullion does not offer gold or silver IRAs. If you are interested in Gold IRAs, you can check out our top 5 Gold IRA Companies here.
Related: JM Bullion Reviews
Ottawa Bullion Alternatives
We’ve come to the end of our Ottawa Bullion review. We do hope that you found this article helpful. If you’ve had any previous experience with Ottawa Bullion, or wish to add your own opinion of this company, you can do so in the comments section below. Thank you for reading.