Thread: Cash for gold business

Way to competitive to be profitable, atleast here it is. There are 7 or 8 gold buying places within a 5 mile radius from my house.

I was buying gold jewelry off Craigslist for a while. Have a few ziplock bags full of 18 and 24 karat necklaces, rings, bracelets and even a tooth.

Why does it seem like you want get rich schemes?

Originally Posted by Forfend

Way to competitive to be profitable, atleast here it is. There are 7 or 8 gold buying places within a 5 mile radius from my house.

I was buying gold jewelry off Craigslist for a while. Have a few ziplock bags full of 18 and 24 karat necklaces, rings, bracelets and even a tooth.

Why does it seem like you want get rich schemes?

He wants get rich QUICK* schemes lol

um no. That's not it at all. Its because its a business that makes good sense. Show me any industry that's been around for 1000's of years, and will be around 1000+ years in the future that has a world-wide allure to it. The increase in gold over the past few years alone have been staggering to say the least.

Gold, I imagine doesn't take a whole lot of explaining to either buyers or sellers. People who are buying gold (businesses who use it & the people I'd be reselling to) KNOW why they are buying it and people selling it most likely need the cash. It's like an illegal drug in some similarities. I don't know any drug dealers who walk around with prospectus and a sales pitch at the ready.

Getting my hands on it will be the hard part as others have said. Once I got it, how hard can it be to sell..I mean seriously.. China, india, and Dubai are stockpiling this shit like crazy. They're even digging in Alaska now.

My issue with gold is that theres a number of key major players, who at a moments notice could theoretically slash its value to next too nothing... It's kind of like the diamond industry, the market is being unnaturally sustained by key players because it makes finical sense for them.

(I mean in all honestly what will gold do for us? You can't eat it, its a soft metal so not good for bullets, you can wear it... and thats about it).

Good luck though, i just personally imagine someone would go too their local pawn shop first and foremost.