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) along with the London Platinum and Palladium Market (LPPM). We source newly minted bars and coins and deliver them right to your selected 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 a boutique firm, this site offers a customized service, with each order tailored in your specific needs. We charge an individual fee in accordance with the things in, as well as the total price of, an order.
This term is bandied about loosely, and used by many people who have no familiarity with 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, it is a term that has not been clearly defined from the eyes of the trading community as well as the public.
Traditionally, the term “dealer” usually meant a business, involved in the trading of your commodity or product, which stood willing to buy or sell that item during trading hours. For instance, in the precious metals market we would call a gold dealer someone who stands ready to generate a bid and offer 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 merely means that they stand ready to become a market maker for the item, that is another term – with this wholesale context – for dealer.
Such firms are normally larger, and simply cope with companies from 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 involved in the precious metals business.
However, the expression “precious metals dealer” later evolved to reference businesses that are involved with the distribution of product to the retailers of coins, bars and bullion who then finally create a sale to the public. These institutions, who typically inventory product available for purchase to companies including coin retailers, jewelers, and bul1ion companies, are thought middle-market distributors or wholesalers in other industries. However, because of the uniqueness of your gold and silver markets, they also take part in buying back merchandise, either being held in their inventory or to be scrapped back to its original raw state with a refinery.
Since these middle-market distributors also produce a two-way market, offering to purchase or sell merchandise, it has led these to also reach the nom du jour of Gold dealers. There is no doubt that they are active participants available on the market. But even though they will invariably have a desire for selling and buying bullion products – because this is their business, in fact – it does not always mean they must always show the ideal buying price or price level at any moment. There is nothing unjust concerning their capability to determine pricing. They may be subject to the industry ebbs and flow just as much as in any other marketplace, and must adjust their pricing accordingly. That will add a mark-up from your base wholesale price (or discount when they’re buying back) to guarantee they turn revenue.