Discover the Beverly Hills Precious Metals Exchange
Alex Long- The Beverly Hills Precious Metals Exchange (BHPM) is a private precious metals trading exchange.
- Its members include financial institutions and private traders.
- The BHPM tries to keep business to a minimum, so the number of trades it conducts each day is relatively small compared to exchanges like the New York Mercantile Exchange (NYMEX).
The Beverly Hills Precious Metals Exchange (BHPM) is a private precious metals trading exchange. Its members include financial institutions and private traders. The BHPM tries to keep business to a minimum, so the number of trades it conducts each day is relatively small compared to exchanges like the New York Mercantile Exchange (NYMEX).
The BHPM is a viable alternative to an exchange like the NYMEX because almost all of its trades are conducted online. The BHPM only conducts business between 9:00 a.m. and 3:30 p.m. Pacific Standard Time (PST) on weekdays, so traders can only trade during the day.
Understanding BHPME
The Beverly Hills Precious Metals Exchange (BHPME) is one of only two physical precious metals exchange houses in the United States that specialize in the buying and selling of gold and silver bullion. BHPME also offers live gold trading through the eBullion platform.
The exchange's membership is made up of jewelers, coin dealers, bullion dealers, banks, and individuals. BHPME members meet twice a week to trade gold and silver bullion for settlement and payment in cash or cashier's checks.
BHPME Trading Hours
Sunday - Friday 8:00 a.m. - 5:00 p.m.
BHPME Fees
Trading Fees: $0.15 per round turn transaction
Transaction Fees: $0.10 per transaction
BHPME Trading Fees
Trading Fees: $0.15 per round turn transaction
Transaction Fees: $0.10 per transaction
BHPME Base Metals
Gold: $1,300 per troy ounce
Silver: $15.00 per troy ounce
Copper: $3.00 per troy ounce
BHPME Other Metals
Platinum: $1,350 per troy ounce
Palladium: $1,250 per troy ounce
BHPME Bullion
Gold Bullion: $1,300 per troy ounce
Silver Bullion: $15.00 per troy ounce
Copper Bullion: $3.00 per troy ounce
BHPME Metals
Gold Coins: $1,299.99 - $2,399.99 per troy ounce
Silver Coins: $15.00 - $99.99 per troy ounce
Copper Coins: $2.50 - $9.00 per troy ounce
BHPME Silver Coins
Silver Eagle Coins: $15.00 - $99.99 per troy ounce
American Silver Eagle Coins: $15.00 - $99.99 per troy ounce
BHPME Bullion Coins
Gold Bullion Coins: $1,300 - $2,399.99 per troy oz.
Silver Bullion Coins: $15 - $99 per troy ounce
Copper Bullion Coins: $3 - $9 per troy ounce
BHPME Precious Metals
Gold Bars: $1,300 - $2,399.99 per troy oz.
Silver Bars: $15 - $99 per troy oz.
Copper Bars: $3 - $9 per troy oz.
BHPME Options
Options are broken down into three categories:
BHPME Gold Options
BHPME Silver Options
BHPME Copper Options
BHPME Gold Options
BHPME Gold Call Options
BHPME Gold Put Options
BHPME Gold Bull Spread Options
BHPME Gold
BHPME Fees
The BHPME charges a $5,000 membership fee for purchasing precious metals. The exchange charges a $50 flat fee per item traded and a $40 flat fee per contract. BHPME also charges a 3% fee on all sales, which drops to 1.5% if the member brings in a "qualified" customer. BHPME's qualified customer fee is capped at $500.
BHPME Commissions
The BHPME is a non-discriminatory, open access, physical precious metals exchange founded in 1949. The exchange serves the wholesale market, and operates under the Commodity Exchange Act and National Futures Association (NFA) regulations.
The BHPME offers cash-settled futures trading for gold and silver options, physical precious metals, and futures spreads. The exchange also offers cash-settled futures contracts for platinum and palladium.
BHPME Futures Commissions
The BHPME charges 0.20% for futures contracts, and 0.10% for options contracts.
BHPME Fees and Commissions
The BHPME is comparatively expensive compared to its competitors. The exchange charges a 2% commission on trades, which is higher than most similar exchanges. This commission is charged per side, meaning both the buyer and the seller pay a 2% commission.
BHPME Trade Volume
The Beverly Hills Precious Metals Exchange (BHPME), founded in 1979, is the second-largest physical precious metals market in the United States. Its trade volume in August 2020 was roughly 2,760,000 ounces. It's located at 9750 Wilshire Boulevard in Beverly Hills.
BHPME Volatility
The Beverly Hills Precious Metals Exchange (BHPME) is a precious metals exchange that is based in Beverly Hills, California. This exchange was founded by Craig R. Smith, an entrepreneur from Los Angeles, California.
The BHPME was established in 2002, but it is not a regulated exchange. Its goal is to provide an alternative trading venue to the New York Mercantile Exchange (NYMEX). The BHPME is also not a member of the Financial Industry Regulatory Authority (FINRA).
The BHPME's volatility index is used to gauge the ups and downs of the market. It uses the standard deviation to price its volatility index. The BHPME's volatility index is similar to the VIX because both indices track the movements of the stock market.
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BHPME Market Capitalization
Market Cap ($): 6.02B
Headquarters: Beverly Hills, CA
Founded: 2010
Website:
BHPME is one of only two gold exchanges in the U.S. that operate as traditional stock exchanges. The original BHPME was founded in 1930 and acquired by the CME Group in 2002.
The exchange has 11 trading centers across the country, including locations in Dubai, Hong Kong, Shanghai, and Toronto.
