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 of your London Bullion Market Association (LBMA) and the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them instantly to the preferred storage facility, office or home. Because we purchase bullion from refineries we can help you save money and fulfil your order efficiently and quickly. As a boutique firm, our company offers a personalized service, with each order tailored to the specific needs. We charge a single fee depending on the components of, as well as the total importance of, a purchase.
This term is bandied about loosely, and used by lots of people with no expertise in the silver or gold market. But Buy precious metals is also made use of by others using a very specific meaning. So the truth is, it is actually a term that has not been clearly defined inside the eyes of the two trading community along with the public.
Traditionally, the phrase “dealer” usually meant a firm, in the trading of the commodity or product, which stood able to buy or sell that item during trading hours. For instance, within the precious metals market we will call a gold dealer someone that stands ready to produce a bid and offer price on gold for no less than 500 ounces at the same time. Needless to say this doesn’t limit the dealer to trading this amount; it simply ensures that they stand ready to become a market maker for your item, which happens to be another term – within this wholesale context – for dealer.
Such firms are typically larger, and just handle companies from the same industry. So in precious metals, their counterparties may be banks, refineries, consumers or producers of gold, silver, platinum or palladium. These dealers would not typically trade along or me as private individuals, nor with companies which are not actively active in the precious metals business.
However, the phrase “precious metals dealer” later evolved to make reference to businesses which are involved with the distribution of product towards the retailers of coins, bars and bullion who then finally come up with a sale for the public. These institutions, who typically inventory product available for purchase to companies such as coin retailers, jewelers, and bul1ion companies, are believed middle-market distributors or wholesalers in other industries. However, due to uniqueness of your silver and gold markets, they also get involved in buying back merchandise, either being locked in their inventory or perhaps to be scrapped straight back to its original raw state by a refinery.
Because these middle-market distributors also produce a two-way market, offering to get or sell merchandise, it offers led them to also attain the nom du jour of Precious metals services. There is no doubt that they are active participants in the marketplace. But whilst they will invariably have a desire for buying and selling bullion products – as this is their business, in fact – it does not always mean they have to always show the very best buying price or price level at any moment. There exists nothing unjust with regards to their capacity to determine pricing. These are subjected to the marketplace ebbs and flow nearly as much as in almost any other marketplace, and must adjust their pricing accordingly. That will incorporate a mark-up through the base wholesale price (or discount when they’re buying back) to ensure they turn revenue.