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 from 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 straight to the preferred storage facility, office or home. Because we purchase bullion right from refineries we could help you save money and fulfil your order efficiently and quickly. Being a boutique firm, this site offers a personalized service, with each order tailored for your specific needs. We charge one particular fee based on the things in, and the total importance of, a purchase.
This term is bandied about loosely, and used by many people who have no expertise in the gold or silver market. But Buy precious metals is also used by others with a very specific meaning. So in reality, it is actually a term that is not clearly defined within the eyes of both trading community as well as the public.
Traditionally, the expression “dealer” usually meant a firm, working in the trading of your commodity or product, which stood prepared to buy or sell that item during trading hours. For example, inside the precious metals market we will call a gold dealer someone who stands ready to produce a bid and give price on gold for no less than 500 ounces at any given time. Naturally this doesn’t limit the dealer to trading this amount; it simply signifies that they stand ready to become market maker for that item, which happens to be another term – within this wholesale context – for dealer.
Such firms are typically larger, and simply handle companies within 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 that are not actively in the precious metals business.
However, the term “precious metals dealer” later evolved to reference 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 on the public. These institutions, who typically inventory product on the market to companies such as coin retailers, jewelers, and bul1ion companies, are viewed middle-market distributors or wholesalers in other industries. However, as a result of uniqueness from the gold and silver markets, additionally they participate in buying back merchandise, either to get located in their inventory or even to be scrapped back to its original raw state by a refinery.
As these middle-market distributors also come up with a two-way market, offering to get or sell merchandise, it has led these people to also get the nom du jour of Precious metals services. It is obvious that they are active participants in the marketplace. But though they will have an interest in buying and selling bullion products – because this is their business, in the end – it does not necessarily mean they have to always show the very best buying price or selling price at any moment. There may be nothing unjust concerning their capability to determine pricing. They are susceptible to the marketplace ebbs and flow as much as in every other marketplace, and should adjust their pricing accordingly. Which can add a mark-up in the base wholesale price (or discount when they’re buying back) to guarantee they turn a return.