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) along with the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them straight to your 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. Being a boutique firm, this site offers a personalized service, with each order tailored in your specific needs. We charge just one fee based on the products in, and also the total value of, any purchase.
This term is bandied about loosely, and used by many individuals with no expertise in the gold or silver market. But Precious metals services is additionally used by others having a very specific meaning. So in reality, it really is a term that is not 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 any commodity or product, which stood prepared to buy or sell that item during trading hours. For example, within the precious metals market we will call a gold dealer somebody who stands ready to produce a bid and give price on gold for no less than 500 ounces at one time. Of course this doesn’t limit the dealer to trading this amount; it simply implies that they stand ready to be a market maker for the item, which can be another term – in this particular wholesale context – for dealer.
Such firms are generally larger, and only cope with companies inside the same industry. So in precious metals, their counterparties might 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 that are not actively in the precious metals business.
However, the term “precious metals dealer” later evolved to reference businesses that happen to be associated with the distribution of product on the retailers of coins, bars and bullion who then finally come up with a sale on the public. These institutions, who typically inventory product for sale to companies like coin retailers, jewelers, and bul1ion companies, are thought middle-market distributors or wholesalers in other industries. However, due to uniqueness in the precious metals markets, additionally, they get involved in buying back merchandise, either being kept in their inventory or perhaps to be scrapped returning to its original raw state by a refinery.
As these middle-market distributors also make a two-way market, offering to get or sell merchandise, it offers led them to also achieve the nom du jour of Where to buy gold bars. There is no doubt they are active participants in the industry. But while they will usually have an interest in buying and selling bullion products – as this is their business, in fact – it does not always mean they need to always show the ideal buying price or price level at any time. There is nothing unjust concerning their ability to determine pricing. They are subjected to the current market ebbs and flow as much as in every other marketplace, and should adjust their pricing accordingly. That will add a mark-up from your base wholesale price (or discount when they’re buying back) to make sure they turn a return.