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) and also the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them right to your chosen storage facility, office or home. Because we purchase bullion directly from refineries we can save you money and fulfil your order efficiently and quickly. Being a boutique firm, we offer a personalised service, with each order tailored to your specific needs. We charge an individual fee in line with the things in, and also the total worth of, any purchase.
This term is bandied about loosely, and used by lots of individuals with no knowledge of the gold or silver market. But Buy silver bullion is additionally employed by others having a very specific meaning. So in fact, it is actually a term that is not clearly defined from the eyes of the trading community along with the public.
Traditionally, the word “dealer” usually meant a business, working in the trading of your commodity or product, which stood prepared to buy or sell that item during trading hours. As an example, inside the precious metals market we may call a gold dealer someone who stands ready to create a bid and give price on gold for a minimum of 500 ounces at any given time. Naturally this doesn’t limit the dealer to trading this amount; it just means that they stand ready to be a market maker to the item, which happens to be another term – within this wholesale context – for dealer.
Such firms are normally larger, and just 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 together with you or me as private individuals, nor with companies that are not actively working in the precious metals business.
However, the phrase “precious metals dealer” later evolved to refer to businesses which can be involved with the distribution of product towards the retailers of coins, bars and bullion who then finally make a sale on the public. These institutions, who typically inventory product available for purchase to companies for example coin retailers, jewelers, and bul1ion companies, are thought middle-market distributors or wholesalers in other industries. However, due to the uniqueness of your precious metals markets, additionally they take part in buying back merchandise, either to be held in their inventory or even to be scrapped back to its original raw state by a refinery.
Since these middle-market distributors also make a two-way market, offering to get or sell merchandise, it has led these to also achieve the nom du jour of Precious metals companies. It is obvious that they are active participants in the industry. But even though they will usually have an interest in buying and selling bullion products – since this is their business, after all – it does not necessarily mean they need to always show the best buying price or selling price at any given time. There is certainly nothing unjust with regards to their ability to determine pricing. They may be subject to the marketplace ebbs and flow nearly as much as in almost any other marketplace, and should adjust their pricing accordingly. That can add a mark-up from the base wholesale price (or discount when they’re buying back) to guarantee they turn a profit.