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) and also 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 can save you money and fulfil your order efficiently and quickly. Being a boutique firm, we provide a customized service, with every order tailored in your specific needs. We charge one particular fee in line with the items in, as well as the total value of, an order.
This term is bandied about loosely, and used by many people with no knowledge of the gold or silver market. But Buy precious metals is also made use of by others with a very specific meaning. So in fact, it is actually a term that is not clearly defined inside the eyes of both trading community and also the public.
Traditionally, the term “dealer” usually meant a firm, working in the trading of the commodity or product, which stood willing to buy or sell that item during trading hours. As an example, from the precious metals market we might call a gold dealer someone that stands ready to produce a bid and offer price on gold for a minimum of 500 ounces at a time. Of course this doesn’t limit the dealer to trading this amount; it simply implies that they stand ready to be a market maker to the item, which can be another term – within this wholesale context – for dealer.
Such firms are normally larger, and simply handle companies inside 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 with you or me as private individuals, nor with companies which are not actively in the precious metals business.
However, the phrase “precious metals dealer” later evolved to refer to businesses which can be linked to the distribution of product on the retailers of coins, bars and bullion who then finally make a sale towards the public. These institutions, who typically inventory product available for purchase 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 in the precious metals markets, additionally they be involved in buying back merchandise, either being locked in their inventory or to be scrapped to its original raw state from a refinery.
As these middle-market distributors also make a two-way market, offering to buy or sell merchandise, they have led them to also reach the nom du jour of Buy precious metals. There is no doubt that they are active participants available on the market. But even though they will always have an interest in buying and selling bullion products – because this is their business, in the end – it does not mean they should always show the most effective buying price or price level at any moment. There may be nothing unjust regarding their capability to determine pricing. These are subjected to the market ebbs and flow nearly as much as in almost any other marketplace, and must adjust their pricing accordingly. Which will include a mark-up from your base wholesale price (or discount when they’re buying back) to ensure they turn a return.