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) along with the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them instantly to your chosen storage facility, office or home. Because we purchase bullion straight from refineries we could help you save money and fulfil your order quickly and efficiently. Like a boutique firm, this site offers a customized service, with each order tailored to your specific needs. We charge just one fee based on the items in, along with the total importance of, an order.
This term is bandied about loosely, and used by many individuals with no familiarity with the silver or gold market. But Precious metals services is also employed by others with a very specific meaning. So the simple truth is, it really is a term that has not been clearly defined from the eyes of both the trading community and the public.
Traditionally, the term “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. As an illustration, inside the precious metals market we would call a gold dealer someone that stands ready to make a bid and present price on gold for a minimum of 500 ounces at any given time. Needless to say this doesn’t limit the dealer to trading this amount; it just signifies that they stand ready as a market maker for your item, that is another term – in this wholesale context – for dealer.
Such firms are typically larger, and only deal with companies from 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 with you or me as private individuals, nor with companies that are not actively working in the precious metals business.
However, the expression “precious metals dealer” later evolved to reference businesses that happen to be involved with the distribution of product for the retailers of coins, bars and bullion who then finally come up with a sale for the public. These institutions, who typically inventory product available for purchase to companies including coin retailers, jewelers, and bul1ion companies, are thought middle-market distributors or wholesalers in other industries. However, because of the uniqueness in the silver and gold markets, additionally, they get involved in buying back merchandise, either being located in their inventory or be scrapped back to its original raw state by a refinery.
Since these middle-market distributors also produce a two-way market, offering to buy or sell merchandise, it has 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 while they will have an interest in selling and buying bullion products – as this is their business, in the end – it does not necessarily mean they need to always show the best buying price or price level at any given time. There exists nothing unjust with regards to their capacity to determine pricing. These are subjected to the marketplace ebbs and flow nearly as much as in virtually any other marketplace, and must adjust their pricing accordingly. That can include a mark-up from the base wholesale price (or discount when they’re buying back) to make sure they turn a profit.