How To Be A Gold And Silver Dealer

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How to be a gold and silver dealer. Decide on the type of gold and silver dealer you d like to be and if you d like a specialty. To create this article 12 people some anonymous worked to edit and improve it over time. Bankruptcies are not the only way you can lose money in the gold silver industry. Become a gold dealer. In times of economic uncertainty many people want to buy and sell gold either to make quick cash or to purchase a stable investment.

Unfortunately many of these salesmen can charge up to 30 for even bullion coins that are acquired with your ira. This article has been viewed 29 395 times. Buying so called collectible or investment grade or third party graded coins is almost a guaranteed way to lose money. Either way you can make a lucrative living as a gold dealer by following a few tips. There are some dealers who sell only jewelry while others sell coins and rare items such as home décor including tea pots and vases.

Find a seller to buy gold from. You might also consider selling a combination of different gold or silver items. To be a gold dealer one has to find gold to buy. When choosing a gold silver dealer you need to find out about the people behind the company not their promises and praise for themselves. Many gold and silver dealers offer commision free liquidation meaning the price you are quoted to sell your gold contains no commissions or hidden fees that could take away from your end of sale.

Online bullion dealers typically offer better prices than local pawn shops or coin shops because their operating expenses are generally less significant than a physical storefront. Selling gold silver bullion online selling precious metals to an online dealer can be a more efficient way to offload some of your bullion. Bankers deal with money. The sale of the gold and or silver has to be conducted through a gold dealer and the sales person who makes the trade locks in the price. Bullion dealers must understand a coin s variety business strategies and have good decision making abilities.

Doing this can be accomplished by asking your friends and family placing ads in traditional print media like newspapers or online message boards and generally letting your community know that you purchase gold coins jewelry and scrap gold.