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 in 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 preferred storage facility, office or home. Because we purchase bullion straight from refineries we can help you save money and fulfil your order efficiently and quickly. Like a boutique firm, our company offers a customized service, with each order tailored to the specific needs. We charge a single fee based on the products in, along with the total price of, an order.
This term is bandied about loosely, and used by lots of those with no familiarity with the gold or silver market. But Precious metals companies can also be utilized by others by using a very specific meaning. So in fact, it is a term that is not clearly defined inside the eyes of the trading community and also the public.
Traditionally, the term “dealer” usually meant a company, working in the trading of the commodity or product, which stood able to buy or sell that item during trading hours. As an illustration, in the precious metals market we might call a gold dealer somebody that stands ready to produce a bid and give price on gold for a minimum of 500 ounces at the same time. Naturally this doesn’t limit the dealer to trading this amount; it really implies that they stand ready as a market maker for your item, which can be another term – in this particular wholesale context – for dealer.
Such firms are typically larger, and only deal 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 along or me as private individuals, nor with companies which are not actively working in the precious metals business.
However, the phrase “precious metals dealer” later evolved to make reference to businesses that are linked to the distribution of product for the retailers of coins, bars and bullion who then finally come up with a sale to the public. These institutions, who typically inventory product for sale to companies for example coin retailers, jewelers, and bul1ion companies, are considered middle-market distributors or wholesalers in other industries. However, due to the uniqueness from the precious metals markets, they also be involved in buying back merchandise, either to get held in their inventory or perhaps to be scrapped returning to its original raw state from a refinery.
Since these middle-market distributors also come up with a two-way market, offering to purchase or sell merchandise, it offers led them to also reach the nom du jour of Buy silver bullion. It is obvious they are active participants in the industry. But while they will usually have a desire for selling and buying bullion products – since this is their business, all things considered – it does not necessarily mean they must always show the ideal buying price or selling price at any moment. There is nothing unjust concerning their capability to determine pricing. They can be subject to the marketplace ebbs and flow nearly as much as in almost any other marketplace, and must adjust their pricing accordingly. That can include a mark-up from the base wholesale price (or discount when they’re buying back) to make certain they turn a nice gain.