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) and 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 right from refineries we could help you save money and fulfil your order quickly and efficiently. Like a boutique firm, we offer a personalised service, with each order tailored for your specific needs. We charge an individual fee depending on the components of, and the total price of, a purchase.
This term is bandied about loosely, and used by lots of people who have no familiarity with the gold or silver market. But Buy precious metals can also be made use of by others with a very specific meaning. So in reality, it really is a term that is not clearly defined within the eyes of both the trading community as well as the public.
Traditionally, the phrase “dealer” usually meant a business, active in the trading of any commodity or product, which stood ready to buy or sell that item during trading hours. For example, from the precious metals market we will call a gold dealer someone that stands ready to produce a bid and provide price on gold for a minimum of 500 ounces at any given time. Naturally this doesn’t limit the dealer to trading this amount; it really implies that they stand ready to become a market maker for the item, which is another term – in this wholesale context – for dealer.
Such firms are normally larger, and just handle companies from 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 together with you or me as private individuals, nor with companies that are not actively involved in the precious metals business.
However, the term “precious metals dealer” later evolved to reference businesses which can be included in the distribution of product on the retailers of coins, bars and bullion who then finally make a sale to the public. These institutions, who typically inventory product available for purchase to companies like coin retailers, jewelers, and bul1ion companies, are believed middle-market distributors or wholesalers in other industries. However, due to uniqueness from the silver and gold markets, additionally they get involved in buying back merchandise, either being held in their inventory or even to be scrapped to its original raw state by way of a refinery.
Because these middle-market distributors also produce a two-way market, offering to get or sell merchandise, it offers led them to also get the nom du jour of Buy silver bullion. There is no doubt they are active participants in the marketplace. But though they will have an interest in buying and selling bullion products – as this is their business, in fact – it does not mean they have to always show the ideal buying price or price level at any given time. There may be nothing unjust concerning their capability to determine pricing. They may be subject to the market ebbs and flow nearly as much as in almost any other marketplace, and must adjust their pricing accordingly. Which can feature a mark-up in the base wholesale price (or discount when they’re buying back) to make certain they turn a nice gain.