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) along with the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them instantly to the preferred storage facility, office or home. Because we purchase bullion straight from refineries we can save you money and fulfil your order efficiently and quickly. As a boutique firm, we offer a customized service, with each order tailored to the specific needs. We charge one particular fee depending on the products in, and also the total price of, an investment.
This term is bandied about loosely, and used by lots of people who have no familiarity with the silver or gold market. But Precious metals services is likewise used by others having a very specific meaning. So in reality, it is a term that has not been clearly defined from the eyes of both the trading community and also the public.
Traditionally, the phrase “dealer” usually meant a firm, working in the trading of the commodity or product, which stood ready to buy or sell that item during trading hours. As an illustration, in the precious metals market we might call a gold dealer someone who stands ready to generate a bid and provide 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 ensures that they stand ready to become a market maker for the item, that is another term – with this wholesale context – for dealer.
Such firms are typically larger, and simply take care of companies in the same industry. So in precious metals, their counterparties might 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 working in the precious metals business.
However, the expression “precious metals dealer” later evolved to refer to businesses that are associated with 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 for example coin retailers, jewelers, and bul1ion companies, are considered middle-market distributors or wholesalers in other industries. However, as a result of uniqueness of your precious metals markets, they also be involved in buying back merchandise, either to be kept in their inventory or to be scrapped back to its original raw state by a refinery.
Because these middle-market distributors also produce a two-way market, offering to acquire or sell merchandise, it offers led those to also reach the nom du jour of Gold dealers. It is obvious they are active participants in the market. But whilst they will usually have an interest in selling and buying bullion products – since this is their business, in fact – it does not always mean they must always show the most effective buying price or selling price at any moment. There is certainly nothing unjust concerning their power to determine pricing. These are at the mercy of the industry ebbs and flow as much as in every other marketplace, and must adjust their pricing accordingly. Which can add a mark-up through the base wholesale price (or discount when they’re buying back) to make sure they turn a nice gain.