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 directly to your preferred storage facility, office or home. Because we purchase bullion straight from refineries we can save you money and fulfil your order quickly and efficiently. Being a boutique firm, we offer a personalised service, with every order tailored for your specific needs. We charge just one fee based on the things in, and also the total value of, any purchase.
This term is bandied about loosely, and used by lots of people with no familiarity with the silver or gold market. But Gold dealers can also be employed by others with a very specific meaning. So in reality, this is a term that is not clearly defined from the eyes of both the trading community as well as the public.
Traditionally, the word “dealer” usually meant an organization, working in the trading of the commodity or product, which stood willing to buy or sell that item during trading hours. As an example, from the precious metals market we might call a gold dealer someone who stands ready to produce a bid and offer price on gold for no less than 500 ounces at a time. Of course this doesn’t limit the dealer to trading this amount; it merely ensures that they stand ready to be a market maker for the item, which can be another term – in this wholesale context – for dealer.
Such firms are typically larger, and merely cope with 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 active in the precious metals business.
However, the word “precious metals dealer” later evolved to reference businesses that happen to be linked to the distribution of product to the retailers of coins, bars and bullion who then finally produce a sale to the public. These institutions, who typically inventory product for sale to companies like coin retailers, jewelers, and bul1ion companies, are considered middle-market distributors or wholesalers in other industries. However, as a result of uniqueness from the precious metals markets, in addition they participate in buying back merchandise, either being locked in their inventory or be scrapped to its original raw state by way of a refinery.
As these middle-market distributors also create a two-way market, offering to acquire or sell merchandise, they have led these people to also attain the nom du jour of Precious metals services. It is obvious they are active participants in the market. But while they will have an interest in selling and buying bullion products – because this is their business, in fact – it does not mean they need to always show the best buying price or selling price at any moment. There is nothing unjust with regards to their ability to determine pricing. They can be subject to the market ebbs and flow as much as in virtually any other marketplace, and should adjust their pricing accordingly. That will add a mark-up through the base wholesale price (or discount when they’re buying back) to make certain they turn a return.