Buy And Sell Gold For Profit

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The new Golden Rule – “He Who Has The Gold Rules”

This is especially true now because Gold has reached it’s highest value ever recorded in history – And Many experts predict it to go much higher!!

High gold values create a unique opportunity for entrepreneurs to buy and sell gold for profit.  The reason is, when the value of Gold rises it creates a sense of urgency for people to sell their Gold Items.  It also allows the buyer to make a much greater profit margin.

The fact is, whether you’re buying gold for investment or for profit you need to know how to buy at the lowest price possible.  There is a gold buying system that allows you to buy gold well below value and sell it for a good profit.

This isn’t a new idea.  There were actually many pawn shops and coin dealers who made millions during the last Gold Boom back in the late 70′s thru early 80′s.

You may ask, why gold?  The answer is simple.

Unlike automobiles, food, real estate, stocks, bonds or anything else, gold has an absolute value.  Based on the current spot price, gold can be sold on demand for immediate settlement (payment) anywhere and at anytime.

So, when you buy you already know exactly what you will receive when you sell, based on the spot price.  It’s sort of like trading fifty dollar bills for hundred dollar bills.

In 2009 over 1000 metric tonnes(tons) of scrap gold was bought from the public and resold back to the makers of new Jewelry, Gold Bars, Gold Coins and the many other uses for gold.  This accounts for about one third of the supply flow.  In other words about 33% of new gold items sold, are made from recycled gold.

This number increased in 2010 where there was over 1500 metric tons of gold recycled.  This translates into a value of over 50 Billion dollars worth of gold at today’s prices.  That means about 25 billion dollars in profits were made by those who recycled the gold.

In 2011 this number should greatly increase for two reasons:

First, in a poor economic climate, the opportunity for buying gold only increases due to personal financial struggles.

Secondly, as the price of gold rises the media usually exposes that rise, creating a sense of urgency for people to sell.

The bottom line is, if you are an entrepreneurial type of person, you should consider starting a business where you can buy and sell gold for profit.

Buy And Sell Gold To Get Free Bullion

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Do you remember the old saying, “There’s Gold In Them Thar’ Hills?”  The new saying should be, “There’s Gold In Them Thar’ Houses.”

What I’m referring to is gold items that are owned by private individuals who are selling it today at a record pace.

If you are a gold investor this great news because you can buy gold from the public at prices well below spot.  In fact, based on the competition in your geographical area, you can pretty much name your buying price.

It is not uncommon to buy scrap gold at prices below 50% of spot.

Simply get the word out that you buy gold for investment and before you know it your phone will be ringing off the hook.

Now here is how you can end up owning your investment gold for free.

Once you buy several ounces of scrap gold you simply sell it to a refinery.  Take half in cash and the other half in gold bullion, bars or coins.  Any refinery will pay you in bullion if you request it.

Since you only paid 50% of value for the whole lot, your cash covers your whole investment.  The result, your investment gold was acquired for nothing, free!

This will definitely remove any fear of loss if the price of gold happens to take a huge drop.

Your other option, of course, is to buy from a dealer.  If that is your preference you have to be cautious because most of the Gold Dealers are really ripping people off today.  Many are adding a 20% to 30% premium to the spot price.  In fact, some are tacking on as high as 50%.

There are some very reputable dealers that are only charging a 2% premium on bullion bars, and one in particular is Golden Eagle Coins in Laurel Maryland.  They have been in the business for over 40 years and are one of the good ones.

So there you have two options to get investment gold.  Buy and sell to get it free or the next best option buy at a low premium.

Price Of Gold – Don’t Get Scammed

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Logic should tell you that the price of gold coins, the ones that are the collector type, are a rip-off.  And dealers are making big bucks on them.

When you buy collectable gold coins you’re paying far more than the actual gold value.

Let’s look at an example.  Gold dealers try to tell you that “collectible” or “numismatic” coins are extremely valuable.  Mainly because they get their value from gold content and “historic value”.

The 1933 St Gaudens Double Eagle was sold for $7.59 million in 2002.  The coin is about 0.9675 ounces of actual gold.  Today that’s approximately $1,700 worth of gold.

In other words, the “historic value” makes 600,000% mark-up?

How much “historic value” is that coin going to hold when the bottom falls out of the economy and nobody has the money to buy it?

First, no one is going to have $8 million worth of goods to trade you.  Second, you’re going to want things that you can taste, touch and smell – not something gathering dust.  Bottom line is, when gold is about survival, nobody cares how much “collectible” value it has.  They want real value.

Now, that’s not to say that if an uncle gives you a rare collectible coin you should throw it away.  You should sell it and buy as much real gold as you can.  That’s the only way to guarantee you can live comfortably, no matter what the economy does, buy bullion coins and bars.

Yet many of the big dealers are pushing these overpriced coins instead of bullion.

I’ll bet that you’ve heard more than a few big named celebrities talk about what a “smart investment” gold is.

Unfortunately, money makes the world go round.  And Big Gold Dealers have deep pockets.  They’re willing to pay big money to whoever will help them sell more gold.

Whether it’s because of blatant dishonesty, or more likely because they just don’t know any better, big names frequently recommend big gold dealers.

Those endorsements are costing honest people thousands of dollars.  The bottom line is, just because someone is popular doesn’t mean you should take their advice.

There are a lot of gold scams out there, especially since the price of gold is so high.

If you want to invest in gold be sure to do some checking around and compare the price  between one place and the other.