The truth is that you can earn a very good living buying and selling gold, but I don't mean buying from jewelry stores or selling on the stock market. I am referring to buying gold from the public for resale.
Lets say for example a customer comes to you with two ounces of 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. You pay that person 50%, which is typical of most legitimate gold dealers. At $1400 an ounce, that comes out to $812. Now you send the gold to a refiner who will pay you 95% of the spot price. This works out to a very nice profit from just one transaction.
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. And this trend wont be slowing down any time soon.
Just take a look at some of the latest headlines in the news:
Dr. Sjuggerud has issued a new prediction… one that could have an enormous impact on your wealth and he’s urging Americans to "take notice – and to get out of cash NOW."
Yale University Stephen Roach sent shockwaves through the financial community this week when he wrote a story for Bloomberg titled… “How the Coming Crash in the Dollar Will Unfold.”
The U.S. economy plunged at a record rate and the gross domestic product, the economy’s total output of goods and services, fell at a rate of 31.4%
Why should you buy Gold?
Gold is the only money that has never failed in the 5,000 year history of its use by humans.
At the moment, if all the gold in the world were distributed equally to the world population, each person will only receive 1/3 of an ounce.
Gold is one of the safest investment that also has the greatest potential to grow your wealth
Why should you buy Silver?
There is less silver available on Earth for investors than there is gold.
Today, if all the silver in the world were distributed equally to the world population, each person will only receive 1/14th of an ounce.
It is second only to oil as the world's most useful commodity and it's known as the 'miracle metal'.
Silver is electrically and thermally conductive and has thousands of important industrial uses.
Silver has been used up and mined for the past 30 years, and todays silver supplies are at all-time record low levels.
is determined by the market 24 hours a day, seven days a week. Gold trades predominantly as a function of sentiment—its price is less affected by the laws of supply and demand. This is because the new mine supply is vastly outweighed by the sheer size of above-ground, hoarded gold. To put it simply, when hoarders feel like selling, the price drops. When they want to buy, a new supply is quickly absorbed and gold prices are driven higher.
Several factors account for an increased desire to hoard the shiny yellow metal:
When banks and money are perceived as unstable and/or political stability is questionable, gold is often bought as a safe store of value.
When bond or real estate markets are negative, people regularly flock to gold as an asset that will maintain its value.
War and political upheaval have always sent people into a gold-buying mode. Savings can be made portable and stored until it needs to be traded for foodstuffs, shelter, or safe passage to a less dangerous destination.
swings between its store of value and its role as an industrial metal. For this reason, price fluctuations in the market are more volatile for silver.
Silver will trade closely in line with gold as an investment, but the industrial supply for silver has a strong influence on its price. And for that reason silver prices have a tendency to fluctuate more.
Some reasons are:
Silver's once predominant role in the photography industry.
Demand for electrical appliances, medical products, and other industrial items that require silver inputs.
From bearings to electrical connections, silver's properties make it a desired commodity.
Silver's use in batteries, superconductor applications, and microcircuit markets.
Silver's price is affected by its applications and is not just used in fashion or as a store of value.
Currencies will come and go but Gold never loses its value. If every currency in the world was to completely lose its value gold will still remain valuable. It always has and it always will!