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) as well as the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them right to your selected 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. As a boutique firm, this site offers a personalized service, with each order tailored to your specific needs. We charge a single fee depending on the products in, along with the total importance of, any purchase.
This term is bandied about loosely, and used by many people who have no expertise in the silver or gold market. But Precious metals services is likewise used by others by using 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 along with the public.
Traditionally, the word “dealer” usually meant an organization, working in the trading of a commodity or product, which stood willing to buy or sell that item during trading hours. As an illustration, from the precious metals market we would call a gold dealer somebody that stands ready to generate a bid and offer price on gold for no less than 500 ounces at a time. Needless to say this doesn’t limit the dealer to trading this amount; it simply ensures that they stand ready to become a market maker to the item, which happens to be another term – in this wholesale context – for dealer.
Such firms are generally larger, and merely deal with companies inside 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 along with you or me as private individuals, nor with companies which are not actively in the precious metals business.
However, the term “precious metals dealer” later evolved to talk about businesses that happen to be associated with the distribution of product towards the retailers of coins, bars and bullion who then finally create a sale for the public. These institutions, who typically inventory product available for sale to companies like coin retailers, jewelers, and bul1ion companies, are thought middle-market distributors or wholesalers in other industries. However, due to the uniqueness of the gold and silver markets, in addition they be involved in buying back merchandise, either to become held in their inventory or to be scrapped back to its original raw state by way of a refinery.
Since these middle-market distributors also make a two-way market, offering to get or sell merchandise, it provides led these people to also reach the nom du jour of Buy precious metals. There is no doubt they are active participants available on the market. But whilst they will usually have an interest in selling and buying bullion products – as this is their business, in the end – it does not mean they have to always show the best buying price or price level at any given time. There is certainly nothing unjust about their ability to determine pricing. They can be subjected to the market ebbs and flow just as much as in virtually any other marketplace, and must adjust their pricing accordingly. That will add a mark-up from your base wholesale price (or discount when they’re buying back) to make certain they turn a profit.