The amount of profit that can be made by operating a business where you buy and sell gold is phenomenal.
It all started back in 1980 when the price of gold shot up to over $800/oz. Until that period there were few buyers of used or scrap gold.
But with the demand for more locations where individuals could sell their precious metal items, a whole new type of business category was born. During that time jewelry and coin shops sprung up in nearly every town.
The volume of business was so great that many of those who operated buying stores became millionaires almost overnight.
Today you can find gold buyers everywhere. Everyone from coin shops to jewelry stores owners are now buying virtually anything that contains precious metals.
The biggest problem for sellers is finding a buyer that will pay a fair price.
The Profits Are There When You Buy And Sell Gold
Logic tells you that there is big money in the business of buying and selling gold, here's why...
I'm sure you've heard the ads on the radio or TV about the Cash4Gold company. You can barely get through a day without hearing someone scream the phrase "Cash For Gold."
These folks have more coverage than Geico!
Just think for a minute what it costs to advertise on those two venues. They must be spending millions on advertising alone, not to mention all the other operating expenses they incur.