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) as well as the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them instantly to your chosen storage facility, office or home. Because we purchase bullion straight from refineries we can save you money and fulfil your order quickly and efficiently. Like a boutique firm, our company offers a personalized service, with every order tailored for your specific needs. We charge a single fee in line with the things in, along with the total worth of, an investment.
This term is bandied about loosely, and used by many those with no knowledge of the silver or gold market. But Buy precious metals is also utilized by others by using a very specific meaning. So in reality, it is a term that is not clearly defined from the eyes of both trading community as well as the public.
Traditionally, the word “dealer” usually meant an organization, active in the trading of any commodity or product, which stood willing to buy or sell that item during trading hours. For example, from 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. Needless to say this doesn’t limit the dealer to trading this amount; it just ensures that they stand ready to become market maker to the item, which is another term – with this wholesale context – for dealer.
Such firms are normally larger, and merely take care of companies within the same industry. So in precious metals, their counterparties might be banks, refineries, consumers or producers of gold, silver, platinum or palladium. These dealers would not typically trade with you or me as private individuals, nor with companies that are not actively in the precious metals business.
However, the expression “precious metals dealer” later evolved to reference businesses which are involved with the distribution of product towards the retailers of coins, bars and bullion who then finally create a sale on the public. These institutions, who typically inventory product for sale to companies for example coin retailers, jewelers, and bul1ion companies, are believed middle-market distributors or wholesalers in other industries. However, due to uniqueness of the precious metals markets, in addition they take part in buying back merchandise, either to get located in their inventory or be scrapped returning to its original raw state with a refinery.
Because these middle-market distributors also create a two-way market, offering to buy or sell merchandise, it offers led them to also attain the nom du jour of Gold dealers. It is obvious that they are active participants in the marketplace. But even though they will invariably have an interest in selling and buying bullion products – as this is their business, in the end – it does not mean they must always show the best buying price or selling price at any given time. There may be nothing unjust regarding their ability to determine pricing. These are subject to the marketplace ebbs and flow just as much as in almost any other marketplace, and should adjust their pricing accordingly. That can feature a mark-up from your base wholesale price (or discount when they’re buying back) to ensure they turn revenue.