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Gold buying businesses purchase gold and silver items below market value. Then they resell it closer to market value. They make their profit in the middle; it's the difference between their buy price and sell price for a particular item/load.
Different companies actually acquire their gold (and make their profits) in different ways. Some businesses offer mail-in service, and some work through storefronts. Some are mobile and travel to customers, some work through gold parties exclusively.
Some people assume that all gold buyers are dishonest or swindlers; this is not true. You can consider gold buying businesses like mechanics. Some are ethical, and some take advantage of customers' lack of knowledge.
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∙ 13y ago
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Is gold worth buying now to make money?
Yes! As you could extrapolate from the multitude of gold buyer advertisements, there is a lot of money to be made in the cash for gold business. Gold buyers can profit in any economy, but there has never been a better time than right now to get into gold buying.
What is the going rate for buying gold online?
There are many places online where you can buy gold. The most important thing is to make sure the company you are dealing with is reputable. Be very careful about who you buy from. You can find updated information about gold prices at www.apmex.com/Category/502/Gold.aspx.
How do I make money by buying and selling gold?
Bring your jewelry to a store that buys gold. Many of these stores offers coupons to pay you more than they normally would. For example, I used Walter Bauman and used a 15% coupon.
What can you make with money on Doodle God?
gold+paper=money
Is there easy wow gold?
Skinning, Mining, Herbalism and any of the crafting professions can make you gold pretty easily. You can also play the Auction House (buying low selling high), and doing dailies is pretty good for making money. You can also just que for random dungeons all day long to get some decent gold from mob drops. As far as buying gold, this is a no no, and will get you banned if caught.
How did french hope to make money in the New world?
By buying and selling furs.
How did miners make money in the Australian gold rush?
by finding gold
How do you make money on girlsence?
You have too play More Bloons or get money by people buying your clothes
What are the main things they make in Australia?
They make money by gold
How do you make money in Doodle God?
You can't make a bank in doodle god. Plus if you could you would need money+human=bank.
Do the gold meddlers make money?
no of course
What are benefits of gold mining?
You make money from it.
