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 right from refineries we could help you save money and fulfil your order efficiently and quickly. As being a boutique firm, we provide a customized service, with every order tailored to the specific needs. We charge one particular fee in line with the components of, and the total price of, a purchase.
This term is bandied about loosely, and used by many people who have no expertise in the gold or silver market. But Gold dealers can also be made use of by others with a very specific meaning. So the simple truth is, this is a term that has not been clearly defined from the eyes of both the trading community as well as the public.
Traditionally, the term “dealer” usually meant a firm, in the trading of any commodity or product, which stood prepared to buy or sell that item during trading hours. As an example, within the precious metals market we would call a gold dealer somebody that stands ready to generate a bid and give price on gold for no less than 500 ounces at the same time. Naturally this doesn’t limit the dealer to trading this amount; it just ensures that they stand ready to become a market maker for your item, which is another term – in this wholesale context – for dealer.
Such firms are normally larger, and just handle companies from 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 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 which are associated 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, because of the uniqueness from the gold and silver markets, additionally, they participate in buying back merchandise, either being locked in their inventory or to be scrapped straight back to its original raw state by a refinery.
Because these middle-market distributors also make a two-way market, offering to buy or sell merchandise, it offers led those to also reach the nom du jour of Gold dealers. There is no doubt that they are active participants in the marketplace. But though they will always have an interest in buying and selling bullion products – since this is their business, all things considered – it does not necessarily mean they need to always show the most effective buying price or price level at any given time. There may be nothing unjust with regards to their capacity to determine pricing. They may be susceptible to the industry ebbs and flow just as much as in any other marketplace, and should adjust their pricing accordingly. Which will include a mark-up from your base wholesale price (or discount when they’re buying back) to ensure they turn a return.