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 straight to your selected storage facility, office or home. Because we purchase bullion directly from refineries we will save you money and fulfil your order efficiently and quickly. Being a boutique firm, we offer a customized service, with each order tailored in your specific needs. We charge just one fee in line with the items in, along with the total worth of, a purchase.
This term is bandied about loosely, and used by lots of people who have no familiarity with the silver or gold market. But Gold dealers is likewise used by others using a very specific meaning. So the simple truth is, this is a term that is not clearly defined from the eyes of both trading community and also the public.
Traditionally, the phrase “dealer” usually meant a firm, involved in the trading of the commodity or product, which stood ready to buy or sell that item during trading hours. As an example, within the precious metals market we might call a gold dealer someone who stands ready to produce a bid and provide price on gold for no less than 500 ounces at a time. Obviously this doesn’t limit the dealer to trading this amount; it really means that they stand ready as 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 from 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 that are not actively in the precious metals business.
However, the expression “precious metals dealer” later evolved to reference businesses that are associated with the distribution of product for the retailers of coins, bars and bullion who then finally produce a sale on the public. These institutions, who typically inventory product on the market to companies such as coin retailers, jewelers, and bul1ion companies, are considered middle-market distributors or wholesalers in other industries. However, because of the uniqueness of the precious metals markets, in addition they be involved in buying back merchandise, either being kept in their inventory or be scrapped straight back to its original raw state by way of a refinery.
Because these middle-market distributors also produce a two-way market, offering to acquire or sell merchandise, it offers led them to also attain the nom du jour of Where to buy gold bars. There is no doubt that they are active participants in the marketplace. But while they will always have a desire for buying and selling bullion products – as this is their business, in the end – it does not necessarily mean they must always show the very best buying price or selling price at any given time. There exists nothing unjust regarding their capability to determine pricing. They may be at the mercy of the marketplace ebbs and flow just as much as in virtually any other marketplace, and should adjust their pricing accordingly. Which can incorporate a mark-up from your base wholesale price (or discount when they’re buying back) to make certain they turn a profit.