Secondary market metals are defined as buying or selling Precious Metals from or to a party other than the original source. This does not mean the quality of the metal is any less than when it comes from the original source. Investments in secondary market metals are just as valuable as primary market metals, the only difference being where the dealer sources the precious metals. Even though making purchases from the primary market is popular, there is a time and place for purchasing gold and silver bullion products from secondary markets.
Cheap Silver and Gold
There are several reasons why you should look to buy secondary market precious metals. Below are just a few of those reasons.
- Dealers buy precious metals from individuals often below spot price which allows them to price these products lower than primary market products
- You can often find harder to find Gold bullion or Gold coins.
- Price is often times lower because of wear or signs of being scruffy or tarnished
- It is a good way to get started into Precious Metals investing because the premiums are often lower. (Buy Silver)
While these are just a few of the reasons people buy secondary market metals, investors have a large variety to choose from that are high in quality and offer great value.