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 the London Bullion Market Association (LBMA) and also 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 directly from refineries we will save you money and fulfil your order quickly and efficiently. As being a boutique firm, we offer a personalised service, with every order tailored to your specific needs. We charge an individual fee based on the products in, as well as the total importance of, a purchase.
This term is bandied about loosely, and used by lots of people who have no understanding of the silver or gold market. But Precious metals companies is also utilized by others with a very specific meaning. So in fact, it is actually a term that is not clearly defined in the eyes of both the trading community and the public.
Traditionally, the word “dealer” usually meant an organization, in the trading of any commodity or product, which stood willing to buy or sell that item during trading hours. As an example, in the precious metals market we might call a gold dealer someone that stands ready to make 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 signifies that they stand ready to become market maker for your item, which happens to be another term – in this particular wholesale context – for dealer.
Such firms are generally larger, and simply handle companies in the same industry. So in precious metals, their counterparties may 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 which are not actively involved in the precious metals business.
However, the word “precious metals dealer” later evolved to talk about businesses which are included in the distribution of product for the retailers of coins, bars and bullion who then finally make a sale towards the public. These institutions, who typically inventory product available for sale to companies including coin retailers, jewelers, and bul1ion companies, are thought middle-market distributors or wholesalers in other industries. However, due to uniqueness in the silver and gold markets, additionally, they get involved in buying back merchandise, either to become kept in their inventory or perhaps to be scrapped to its original raw state from a refinery.
Since these middle-market distributors also produce a two-way market, offering to purchase or sell merchandise, it has led those to also achieve the nom du jour of Precious metals services. There is no doubt they are active participants available on the market. But even though they will have an interest in selling and buying bullion products – since this is their business, in fact – it does not always mean they need to always show the best buying price or selling price at any given time. There is certainly nothing unjust about their capacity to determine pricing. They can be at the mercy of the market ebbs and flow nearly as much as in virtually any other marketplace, and must adjust their pricing accordingly. Which will add a mark-up from your base wholesale price (or discount when they’re buying back) to guarantee they turn revenue.