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) along with the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them straight to the preferred storage facility, office or home. Because we purchase bullion directly from refineries we can help you save money and fulfil your order efficiently and quickly. As being a boutique firm, we provide a personalized service, with each order tailored to the specific needs. We charge an individual fee depending on the things in, as well as the total worth of, an investment.
This term is bandied about loosely, and used by lots of those with no familiarity with the silver or gold market. But Buy precious metals is likewise utilized by others by using a very specific meaning. So the truth is, it is a term that has not been clearly defined inside the eyes of both trading community along with the public.
Traditionally, the word “dealer” usually meant a company, involved in the trading of the commodity or product, which stood prepared to buy or sell that item during trading hours. As an example, from the precious metals market we would call a gold dealer somebody that stands ready to make a bid and offer price on gold for a minimum of 500 ounces at one time. Obviously this doesn’t limit the dealer to trading this amount; it simply signifies that they stand ready to become market maker for your item, which is another term – with this wholesale context – for dealer.
Such firms are typically larger, and simply handle 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 talk about businesses which can be involved with the distribution of product to the retailers of coins, bars and bullion who then finally come up with a sale towards 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 your silver and gold markets, additionally they take part in buying back merchandise, either to become kept in their inventory or perhaps to be scrapped straight back to its original raw state from a refinery.
Since these middle-market distributors also make a two-way market, offering to get or sell merchandise, it offers led these people to also get the nom du jour of Precious metals companies. It is obvious that they are active participants in the industry. But even though they will always have an interest in selling and buying bullion products – because this is their business, after all – it does not mean they have to always show the very best buying price or selling price at any moment. There may be nothing unjust with regards to their power to determine pricing. They may be subject to the marketplace ebbs and flow as much as in any other marketplace, and must adjust their pricing accordingly. That can feature a mark-up from your base wholesale price (or discount when they’re buying back) to make certain they turn a return.