What Does “Secondary Market” Mean in the Bullion Industry?
“Secondary market bullion” might sound more complex than it is to many Australians who are new to the precious metals market. You might find the terms “secondary market,” “pre-owned,” or “previously owned” used to refer to gold or silver bullion and think this means it is not as real, not as valuable, or not as good as newly minted bullion. The difference is normally not between the authenticity of the bullion or whether the metal is investment grade, but rather the source of the bullion. By learning about the secondary bullion market, investors can be more confident when they make comparisons, determine any premiums, and make more informed purchase or sale decisions. What Is the Secondary Market in Bullion? The bullion which has already been bought and sold once before in the past is called secondary market bullion. Primary markets, on the other hand, tend to be bullion transactions in which the bullion gets into the market through an official distribution channel from the mint ...