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) as well as the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them instantly to your preferred storage facility, office or home. Because we purchase bullion directly from refineries we will save you money and fulfil your order quickly and efficiently. Like a boutique firm, our company offers a customized service, with each order tailored for your specific needs. We charge an individual fee based on the products in, as well as the total price of, an investment.
This term is bandied about loosely, and used by lots of people with no understanding of the silver or gold market. But Gold dealers can also be used by others having a very specific meaning. So in reality, it is actually a term that is not clearly defined in the eyes of the trading community as well as the public.
Traditionally, the expression “dealer” usually meant a firm, active in the trading of a commodity or product, which stood ready to buy or sell that item during trading hours. As an illustration, within the precious metals market we will call a gold dealer somebody that stands ready to make a bid and offer price on gold for no less than 500 ounces at one time. Of course this doesn’t limit the dealer to trading this amount; it simply signifies that they stand ready as a market maker for the item, that is another term – in this particular wholesale context – for dealer.
Such firms are usually larger, and just take care of companies within the same industry. So in precious metals, their counterparties could 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 working in the precious metals business.
However, the term “precious metals dealer” later evolved to talk about businesses which are involved with the distribution of product on the retailers of coins, bars and bullion who then finally create a sale to the public. These institutions, who typically inventory product available for purchase to companies like coin retailers, jewelers, and bul1ion companies, are viewed middle-market distributors or wholesalers in other industries. However, due to uniqueness of your silver and gold markets, additionally, they be involved in buying back merchandise, either to get kept in their inventory or to be scrapped back to its original raw state by way of a refinery.
Since these middle-market distributors also create a two-way market, offering to purchase or sell merchandise, it offers led those to also get the nom du jour of Precious metals services. It is obvious that they are active participants in the market. But while they will always have a desire for buying and selling bullion products – since this is their business, all things considered – it does not mean they have to always show the ideal buying price or selling price at any given time. There exists nothing unjust about their power to determine pricing. They can be at the mercy of the industry ebbs and flow nearly as much as in virtually any other marketplace, and should adjust their pricing accordingly. That can add a mark-up in the base wholesale price (or discount when they’re buying back) to guarantee they turn revenue.