Trading in precious metals is a speculative industry. An investor in precious Gold or Silver must be aware of all events and world conditions affecting the value of metals from hour to hour. Precious metals are available as powder or bars and in different grades of modification. Each form is affected differently in terms of market value.
Precious metals are traded like stock in the exchange. The traders operate on behalf of their clients for buying or selling precious metals. The dealer quotes the prices of precious metals which they want to buy or sell. The traders on the floor quote prices until they come to an agreement. The amount agreed upon becomes the current trading price of precious metals.
Online companies act as an electronic market place for trading in precious metals. Online buying and selling is convenient and easy. In order to purchase or sell, the client has to request a quote. The company will send an indicative order detailing the current market price of the product. When the client agrees to proceed, the company will lock the price amount. All trading companies have a minimum order limit. Companies offer discounts on bulk orders. The payment form includes wire transfer and electronic fund transfer. The handling, delivery and insurance charges vary with the weight of precious metals. Some online trading companies offer pool account trading.