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 the London Bullion Market Association (LBMA) along with the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them directly to your selected storage facility, office or home. Because we purchase bullion from refineries we can save you money and fulfil your order quickly and efficiently. As a boutique firm, we offer a customized service, with each order tailored in your specific needs. We charge one particular fee depending on the products in, and the total importance 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 Precious metals companies is likewise made use of by others by using a very specific meaning. So in reality, this is a term that has not been clearly defined in the eyes of both the trading community and the public.
Traditionally, the word “dealer” usually meant a firm, involved in the trading of your commodity or product, which stood willing to buy or sell that item during trading hours. For instance, in the precious metals market we will call a gold dealer somebody that stands ready to produce a bid and provide price on gold for a minimum of 500 ounces at any given time. Needless to say this doesn’t limit the dealer to trading this amount; it merely signifies that they stand ready as a market maker for that item, which is another term – in this particular wholesale context – for dealer.
Such firms are normally larger, and merely cope with companies inside 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 along with you or me as private individuals, nor with companies that are not actively in the precious metals business.
However, the phrase “precious metals dealer” later evolved to refer to businesses that happen to be linked to the distribution of product to the retailers of coins, bars and bullion who then finally make a sale on the public. These institutions, who typically inventory product for sale to companies like coin retailers, jewelers, and bul1ion companies, are considered middle-market distributors or wholesalers in other industries. However, due to uniqueness of your precious metals markets, they also be involved in buying back merchandise, either to be kept in their inventory or be scrapped returning to its original raw state with a refinery.
Since these middle-market distributors also create a two-way market, offering to acquire or sell merchandise, they have led them to also get the nom du jour of Gold dealers. It is obvious they are active participants available on the market. But though they will usually have a desire for selling and buying bullion products – as this is their business, all things considered – it does not always mean they have to always show the most effective buying price or price level at any moment. There is certainly nothing unjust concerning their capacity to determine pricing. They may be subject to the current market ebbs and flow nearly as much as in virtually 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 ensure they turn a profit.