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) and also the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them directly to your selected storage facility, office or home. Because we purchase bullion straight from refineries we could help you save money and fulfil your order efficiently and quickly. Like a boutique firm, our company offers a customized service, with every order tailored for your specific needs. We charge a single fee depending on the components of, as well as the total importance of, a purchase.
This term is bandied about loosely, and used by lots of those with no understanding of the gold or silver market. But Gold dealers is also employed by others using a very specific meaning. So the truth is, this is a term that has not been clearly defined inside the eyes of both the trading community and the public.
Traditionally, the phrase “dealer” usually meant a firm, active in the trading of the commodity or product, which stood ready to buy or sell that item during trading hours. For instance, from the precious metals market we will call a gold dealer someone that stands ready to make a bid and give price on gold for a minimum of 500 ounces at any given time. Of course this doesn’t limit the dealer to trading this amount; it really ensures that they stand ready to be a market maker to the item, that is another term – with this wholesale context – for dealer.
Such firms are typically larger, and just take care of companies inside the same industry. So in precious metals, their counterparties can 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 active in the precious metals business.
However, the expression “precious metals dealer” later evolved to make reference to businesses which can be associated with the distribution of product to the retailers of coins, bars and bullion who then finally come up with a sale for the public. These institutions, who typically inventory product for sale to companies such as coin retailers, jewelers, and bul1ion companies, are thought middle-market distributors or wholesalers in other industries. However, due to uniqueness of your silver and gold markets, additionally, they be involved in buying back merchandise, either being held in their inventory or be scrapped to its original raw state by a refinery.
Because these middle-market distributors also come up with a two-way market, offering to acquire or sell merchandise, it provides led them to also achieve the nom du jour of Gold dealers. There is no doubt that they are active participants available on the market. But though they will invariably have a desire for selling and buying bullion products – since this is their business, after all – it does not always mean they should always show the most effective buying price or price level at any given time. There is nothing unjust concerning their ability to determine pricing. These are at the mercy of the market ebbs and flow nearly as much as in virtually any other marketplace, and should adjust their pricing accordingly. Which will feature a mark-up from your base wholesale price (or discount when they’re buying back) to guarantee they turn revenue.