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Gold buyers (the "cash for gold" people) can make enormous amounts of money. Furthermore, you can don't have to be dishonest or deceptive to do it. My policy as a professional gold buyer was to treat every customer as my grandmother, and that every transaction can benefit both the buyer and seller. I regularly made a few hundred dollars per deal--sometimes thousands in a day. And back then gold was half the price that it is now.
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∙ 11y ago
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How much do gold buyers earn by the ounce of gold?
£7.50 per ounce i think :)
How do buyers make money buying gold?
Gold buyers (meaning the "cash for gold" guys) buy scrap gold and silver items below market value (25% or more below). Then they resell it at almost full market value to specific companies (not the companies you see on tv--those are just other gold buyers). They can also resell quality items back to the public above market value. The basic profit equation is much like any retail business. Sell Price - Buy Price = Profit Operating costs are also a factor. However, many gold and silver buyers are mobile, without a store/shop, so this cost is minimal. Market downturns don't play a big role because of gold buyers' large profit margin. On the other hand, the upturns gain them a little profit. It evens out over time. Visit the link below for a more detailed explanation of gold buyers.
How much do buyers make at Target Corp?
The amount buyers make at Target Corporation will vary depending on the amount of work experience. However, a buyer will make between $61,000-$171,000.
What is the role of buyers and sellers in determining market clearing prices?
The sellers will determine how much they want the product to cost to make it worth producing. Buyers will determine how much they will spend on the product.
What is the meaning of the term free market?
its a system where the buyers decide what to sell, and for how much and the people decide what they want to buy and for how much. that means that the buyers can chose who they want to buy from.
How much do gold buyers earn by the ounce of gold?
£7.50 per ounce i think :)
How much did a wig maker make?
As much as they need to make for the buyers.
Who do gold buyers sell to?
Real gold buyers sell to precious metal refineries--not other gold buyers. Some resell nice items back to the public.
How much do gold buyers pay for class rings?
They don't, because a study last year showed that gold does not exist.
Where would one find a gold buyer if one has gold for sale?
It depends on how much gold or gold jewelry you have, I am telling you my experience on selling gold to the gold buyer is a good experience with 24karat, the price of gold you are getting depends on the purity of gold if the purity of gold is good you will take the better price from the gold buyers. If you want to sell gold silver or diamond I will recommend 24karat because they are giving great service to their customer and they have trained gold staff and they give good advice I get a good response from the gold expert and they provide the better value from the market.
What do buyers do with scrap gold?
Gold buyers buy gold from the public and resell it to refineries. Additionally, they can resell nice items back to the public.
How do buyers make money buying gold?
Gold buyers (meaning the "cash for gold" guys) buy scrap gold and silver items below market value (25% or more below). Then they resell it at almost full market value to specific companies (not the companies you see on tv--those are just other gold buyers). They can also resell quality items back to the public above market value. The basic profit equation is much like any retail business. Sell Price - Buy Price = Profit Operating costs are also a factor. However, many gold and silver buyers are mobile, without a store/shop, so this cost is minimal. Market downturns don't play a big role because of gold buyers' large profit margin. On the other hand, the upturns gain them a little profit. It evens out over time. Visit the link below for a more detailed explanation of gold buyers.
How much do buyers make at Target Corp?
The amount buyers make at Target Corporation will vary depending on the amount of work experience. However, a buyer will make between $61,000-$171,000.
which is best Gold Buyers in Chandigarh?
Jewelry
Where can someone locate scrap gold buyers for their unwanted gold?
There are a large variety of places where someone can locate scrap gold buyers for their unwanted gold. These places include, but are not limited to, advertisement in the local newspaper and on the television.
How do they know how much gold is worth?
The price of gold is determined by gold trading markets. Gold is bought and sold much like stocks the markets where this is done know how much buyers are paying and sellers are receiving. This is the price of gold. The London bullion market is an over-the-counter market for the trading of gold. Twice a day they publish the price gold is trading for.
What is the role of buyers and sellers in determining market clearing prices?
The sellers will determine how much they want the product to cost to make it worth producing. Buyers will determine how much they will spend on the product.
