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 your London Bullion Market Association (LBMA) and also the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them straight to your chosen storage facility, office or home. Because we purchase bullion straight from refineries we can help you save money and fulfil your order efficiently and quickly. Like a boutique firm, we offer a customized service, with each order tailored in your specific needs. We charge one particular fee in accordance with the things in, as well as the total worth of, any purchase.
This term is bandied about loosely, and used by many those with no familiarity with the silver or gold market. But Precious metals companies can also be employed by others using a very specific meaning. So the simple truth is, it is actually a term that has not been clearly defined within the eyes of the trading community along with the public.
Traditionally, the word “dealer” usually meant a company, active in the trading of any commodity or product, which stood able to buy or sell that item during trading hours. As an example, inside the precious metals market we might call a gold dealer someone that stands ready to make a bid and provide price on gold for a minimum of 500 ounces at one time. Of course this doesn’t limit the dealer to trading this amount; it simply means that they stand ready to become a market maker for the item, which can be another term – within this wholesale context – for dealer.
Such firms are normally larger, and only handle companies inside the same industry. So in precious metals, their counterparties can be banks, refineries, consumers or producers of gold, silver, platinum or palladium. These dealers would not typically trade together with you or me as private individuals, nor with companies which are not actively in the precious metals business.
However, the expression “precious metals dealer” later evolved to refer to businesses that happen to be associated with the distribution of product towards the retailers of coins, bars and bullion who then finally make a sale on the public. These institutions, who typically inventory product available for purchase to companies including coin retailers, jewelers, and bul1ion companies, are viewed middle-market distributors or wholesalers in other industries. However, due to the uniqueness in the precious metals markets, additionally, they participate in buying back merchandise, either to get held in their inventory or be scrapped to its original raw state by way of a refinery.
Because these middle-market distributors also create a two-way market, offering to acquire or sell merchandise, it provides led those to also get the nom du jour of Gold dealers. There is no doubt that they are active participants in the marketplace. But whilst they will invariably have an interest in selling and buying bullion products – since this is their business, in the end – it does not necessarily mean they need to always show the very best buying price or selling price at any moment. There may be nothing unjust with regards to their capacity to determine pricing. They can be subjected to the industry ebbs and flow nearly as much as in every other marketplace, and must adjust their pricing accordingly. Which will include a mark-up from the base wholesale price (or discount when they’re buying back) to make sure they turn revenue.