Purchase investment grade precious metals safely, securely and discreetly through us. We source gold, silver, platinum and palladium bullion and coins from members and associates from the London Bullion Market Association (LBMA) and the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them directly to your selected storage facility, office or home. Because we purchase bullion from refineries we will save you money and fulfil your order efficiently and quickly. Like a boutique firm, we provide a personalized service, with every order tailored to your specific needs. We charge an individual fee in line with the components of, and also the total importance of, any purchase.
This term is bandied about loosely, and used by lots of those with no understanding of the gold or silver market. But Precious metals companies is also made use of by others having a very specific meaning. So in reality, it is a term that is not clearly defined from the eyes of both the trading community and the public.
Traditionally, the term “dealer” usually meant a business, involved in the trading of your commodity or product, which stood ready to buy or sell that item during trading hours. As an illustration, inside the precious metals market we will call a gold dealer someone who stands ready to generate a bid and present price on gold for a minimum of 500 ounces at one time. Obviously this doesn’t limit the dealer to trading this amount; it merely signifies that they stand ready to become a market maker for your item, that is another term – in this wholesale context – for dealer.
Such firms are normally larger, and just cope with companies inside the same industry. So in precious metals, their counterparties can be banks, refineries, consumers or producers of gold, silver, platinum or palladium. These dealers would not typically trade together with you or me as private individuals, nor with companies which are not actively working in the precious metals business.
However, the word “precious metals dealer” later evolved to talk about businesses that happen to be associated with the distribution of product to the retailers of coins, bars and bullion who then finally come up with a sale towards the public. These institutions, who typically inventory product available for sale to companies for example coin retailers, jewelers, and bul1ion companies, are believed middle-market distributors or wholesalers in other industries. However, because of the uniqueness of your precious metals markets, in addition they participate in buying back merchandise, either to get held in their inventory or be scrapped back to its original raw state with a refinery.
Since these middle-market distributors also create a two-way market, offering to get or sell merchandise, they have led these people to also achieve the nom du jour of Buy silver bullion. It is obvious they are active participants in the industry. But even though they will invariably have a desire for buying and selling bullion products – since this is their business, after all – it does not mean they must always show the most effective buying price or selling price at any moment. There exists nothing unjust with regards to their power to determine pricing. They may be susceptible to the industry ebbs and flow as much as in almost any other marketplace, and should adjust their pricing accordingly. Which can feature a mark-up through the base wholesale price (or discount when they’re buying back) to make sure they turn a return.