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) as well as the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them straight to your preferred storage facility, office or home. Because we purchase bullion right from refineries we can save you money and fulfil your order quickly and efficiently. As being a boutique firm, we provide a personalized service, with every order tailored to the specific needs. We charge just one fee based on the items in, and also the total worth of, any purchase.
This term is bandied about loosely, and used by lots of people with no knowledge of the silver or gold market. But Buy silver bullion can also be utilized by others using a very specific meaning. So the simple truth is, this is a term that has not been clearly defined in the eyes of both trading community and the public.
Traditionally, the word “dealer” usually meant a firm, working in the trading of the commodity or product, which stood prepared to buy or sell that item during trading hours. As an example, inside the precious metals market we will call a gold dealer someone that stands ready to produce a bid and present price on gold for no less than 500 ounces at a time. Naturally this doesn’t limit the dealer to trading this amount; it merely implies that they stand ready to be a market maker for the item, which can be another term – within this wholesale context – for dealer.
Such firms are usually larger, and just take care of companies inside 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 together with you or me as private individuals, nor with companies which are not actively working in the precious metals business.
However, the expression “precious metals dealer” later evolved to make reference to businesses that happen to be involved with the distribution of product to the retailers of coins, bars and bullion who then finally create a sale towards 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, as a result of uniqueness of your precious metals markets, they also take part in buying back merchandise, either being kept in their inventory or to be scrapped returning to its original raw state by a refinery.
Because these middle-market distributors also make a two-way market, offering to purchase or sell merchandise, it provides led these to also get the nom du jour of Gold dealers. There is no doubt they are active participants available on the market. But while they will always have a desire for selling and buying bullion products – because this is their business, in fact – it does not always mean they need to always show the best buying price or price level at any time. There exists nothing unjust about their capability to determine pricing. They are subject to the industry ebbs and flow as much as in any other marketplace, and should adjust their pricing accordingly. That will include a mark-up from your base wholesale price (or discount when they’re buying back) to make sure they turn a nice gain.