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 directly to your preferred storage facility, office or home. Because we purchase bullion from refineries we can help you save money and fulfil your order efficiently and quickly. As a boutique firm, our company offers a personalized service, with each order tailored to your specific needs. We charge a single fee depending on the things in, as well as the total importance of, a purchase.
This term is bandied about loosely, and used by many those with no expertise in the gold or silver market. But Precious metals companies is also employed by others having a very specific meaning. So the simple truth is, it is a term that has not been clearly defined within the eyes of both the trading community and also the public.
Traditionally, the expression “dealer” usually meant a firm, in the trading of a commodity or product, which stood willing to buy or sell that item during trading hours. For example, in the precious metals market we will call a gold dealer someone that stands ready to make a bid and offer price on gold for a minimum of 500 ounces at any given time. Obviously this doesn’t limit the dealer to trading this amount; it just ensures that they stand ready to become a market maker for the item, which happens to be another term – within this wholesale context – for dealer.
Such firms are generally larger, and just cope with companies within 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 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 make reference to businesses that are associated with the distribution of product towards the retailers of coins, bars and bullion who then finally make a sale for the public. These institutions, who typically inventory product for sale to companies like coin retailers, jewelers, and bul1ion companies, are viewed middle-market distributors or wholesalers in other industries. However, because of the uniqueness from the precious metals markets, they also get involved in buying back merchandise, either to become locked in their inventory or be scrapped returning to its original raw state from a refinery.
Because these middle-market distributors also create a two-way market, offering to buy or sell merchandise, it offers led those to also reach the nom du jour of Precious metals companies. It is obvious that they are active participants in the market. But whilst they will always have an interest in buying and selling bullion products – as this is their business, all things considered – it does not necessarily mean they have to always show the best buying price or price level at any given time. There may be nothing unjust with regards to their capacity to determine pricing. These are at the mercy of the market ebbs and flow just as much as in almost any other marketplace, and should adjust their pricing accordingly. That will incorporate a mark-up from your base wholesale price (or discount when they’re buying back) to make certain they turn a nice gain.