Techniques From One Of the Best Gold seller on How to earn more by selling Gold:
When I first got into this business Gold was selling for
around $300 an ounce. Today gold is selling for over
$1,400 an ounce and experts forecast it to go higher –
much higher!
The United St
ates is the largest jewelry market in thearound $300 an ounce. Today gold is selling for over
$1,400 an ounce and experts forecast it to go higher –
much higher!
The United St
world and millions of Americans have old, broken or just
out-of-fashion pieces of jewelry sitting in their jewelry
boxes. Just last week my wife came across a single 18K
gold erring. She lost the other earring in the set about ten
years ago and the remaining earring has just been sitting
in her jewelry box since then. I put the earring on my gold
scale and it weighed 8 grams. At today’s prices that one
earring was worth over $300 –which is more than she
paid for the pair ten years ago.
There is literally a fortune in gold –billions of dollars
worth, sitting around collecting dust. But the high price of
gold today is bringing it out of the woodwork. And all you
have to do to get your piece of the pie is to ask.
You might be wondering how long this business can last.
I recently spoke with the owner of a large gold refining
company and I asked him how long this business could
continue. He said:
“Every year all the refining companies in the
US combined refine less than one percent of
all the scrap gold jewelry in the country. And
new jewelry sales grow over five percent a
year. So there is pretty much an endless
supply. We have been in this business for 33
years and we expect to be doing this for at
least another 33 years.”
How much can I make buying gold?
Unscrupulous gold dealers like the ones that advertise on
radio and TV ask you to mail your gold in to them. They
typically pay between 10% and 20% of the value of gold.
Most pawnshops pay about 30% to 35%.
Legitimate dealers pay between 40% and 65%. 40% to
65% may seem low to you, but remember, the gold you
buy has to be smelted, refined, assayed and poured into
ingots before it can be resold. Refiners who do this will
pay you between 85% and 92% of the spot price of gold.
Lets look at a typical sale. The average person tends to
bring in three or four items that altogether weigh about 2
ounces. Most items people bring me are 14K gold which
is 58% pure gold and the rest is alloys to lend gold its
color and hardness.
Two ounces at 58% works out to 1.16 ounces of pure
gold. Lets say for example you pay that person 50%,
which is typical of most legitimate gold dealers. At $1400
ounce, that comes out to $812. Now you send the gold to
a refiner who will pay you 95% of the spot price. I will let
you do the math this works out to a very nice profit from
just one transaction. Many experts predict that gold will
go as high as $2000 an ounce. I don’t know if that will
happen, but imagine how profitable this business will be if
it does.
Do that 3 or 4 times a week and you are looking at some
real money! And it’s 100% legal.
Skip McGrath’s book on gold buying is amazing.
He also has extremely good one on one support.
He cares about his customers. Thanks Skip! ~
Michael
Where do you find people with Gold to sell?
I live in a small town of about 12,000 people. I was
driving to the supermarket on a recent Saturday and saw
several signs that said: “Cash for Gold and Silver Today
at the Majestic Hotel.” After I left the market, I drove over
to the Majestic Hotel to see what was going on.
There was a gentleman in one of the meeting rooms off of
the lobby with a table, a scale and calculator and a cash
box. He was meeting with a lady while two more people
waited their turn. I didn’t want to bother him, but the lady
who works at the reception desk is a friend of mine, so I
asked her how he was doing. She told me he has had a
steady stream of customers all day. Imagine if each
person brought in just one ounce of gold and he saw 20
or 30 people that day. That is a huge amount of money
There are two factors driving the gold business today:
A tough economy with millions of people out of
work
The record-high price of gold
The gold business has always been a good business, but
nothing like it has been since 2008 when gold prices
started rising as the economy began the downturn. These
two facts have combined to bring millions of people out of
the woodwork with gold to sell. Either they need cash, or
they just want to take advantage of today’s high prices.
It is very easy to find these people. You can set up in a
hotel room like the person in the example above. You can
advertise in local papers or even on radio. You can also
advertise for free on sites such as Craigslist. Another
popular method is using door hangars. You can get them
made for about 2-cents each and hire school kids to hang
them for you. But none of these methods work as well as
one simple, low cost advertising method I am going to
show you in one of your free bonuses.
Do you like to travel? A couple of years ago I met an older
gentleman and his wife who roam the country in an RV,
buying gold at every town they stop in. They even have a
sign on the side of their RV that they buy gold and people
come up to them in the RV parks.
Gold Parties are a booming business
One of the things I show you how to do with my system is
throw gold parties. You have all heard of home parties for
Tupperware, cosmetics or cooking gadgets. Well at those
parties people spend money. When people attend a gold
party they make money! If you can get 10 people to a gold
party you can buy several ounces of gold, -potential profit
of up to 45% on each ounce And the hostess, who put on
the party, will get 10% of what you make. Now that’s what
I call a “win-win.”
My system includes complete instructions on hosting a
gold party of your own and how to market gold parties to
others. Besides the instructions I have also included
flyers, brochures, ads and invitations. All of these are in
simple Word docs, so all you have to do is add your
contact information and print them out.
What kind of gold do you buy?
Here is a list of some of the gold pieces I see every day:
Outdated jewelry
Broken or bent
items
Gold chains
Class rings
Bracelets
Pins
Broaches
Wedding or
engagement ring
from an ex-
spouse
Retirement pins
Watches
Tangled bracelets
and chains
Wedding bands
Items with
missing stones
Single earrings
Those giant
earrings from the
80’s
That promise ring
from the ex-
boyfriend you
would like to
forget about.
If you are a woman reading this, I bet you have one or
more of these in your closet or jewelry box. If you are a
man, just show this to your wife or girlfriend and they will
tell you how common this is.
Purchase How to Make Money Buying and Selling Gold for
only $37
Is this only about buying jewelry?
There is no question that jewelry is the easiest, most
plentiful market to do this in. But I am also going to show
you how to make money from discarded electronics
including cell phones, stereos, computers, microwave
ovens and more.
Last week I was donating some things to our local thrift
shop. When I arrived the helper was in the process of
throwing several older electronic items in the dumpster. I
asked why he was doing that and he said “Well they
don’t work so we can’t sell them. “ I asked if I could have
them. One of the devices was a ten-year-old tower
computer and the other was a cassette tape deck and
amplifier.
With about 30 minutes and a screwdriver I recovered
almost $200 worth of gold from just those two items. Most
of you won’t want to bother with this aspect of the
business because buying jewelry is so easy, but there are
plenty of people who make over $1000 a week collecting
and taking old electronics pieces apart and sending the
parts to refiner who will pay them 80% of the spot gold
price.
You can even get these items for free. Just advertise that
you recycle old electronic items and people with bring
them to you rather than taking them to the dump.
How much money do I need to get started
in this business?
You will need a gold scale, a gold testing kit and a couple
of simple tools. All of this will cost less than $30.
You will have to spend about $25 to $50 on local
advertising to find your first few customers.
Lastly you will need some cash to purchase your gold. I
would say you would need about $500 to buy your first
few pieces. But don’t worry. If you don’t have that, I will
show you two ways to get started with no cash at all and
bootstrap your way to your first few sales.
Skip: What does your system include?
Here is what you get:
50 page eBook, How to Make Money Buying and
Selling Gold. – My book contains everything you
need to get started. Please Note: My eBooks are
set to allow printing. You can print it out on your
computer printer, or you can send the file to a
local copy shop and they will print and bind a
copy for you.
Bonus Resource – A bonus package that contains
all of the ads, flyers and invitations you need to
market your business. It would cost you hundreds
of dollars to create these from scratch.
Bonus Resource – My personal list of refiners who
will pay between 92% – 96% for your gold
Bonus Report – Tools of the Trade
Bonus Report – Sandwich Board Advertising
My No Questions Asked, 100%, 60-day Money-
back guarantee!
OK– How Much does it cost?
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