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Is selling gold a profitable business?

Updated: 8/19/2019
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12y ago

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Selling gold can be very profitable if you are knowledgeable in gold trends. The trick is to buy gold when nobody wants it and the economy is booming. Dealers will be willing to sell their gold at much cheaper prices and you can get more bang for your buck if you buy in bulk. When the economy is falling and everyone is clambering for the solidarity of gold investments; sell, sell, sell. It is during this time that you can sell your gold for way more than you purchased it for originally. Last but not least, always be on the look out for scrap gold which can turn quite a substantial sum when you start accumulating enough.

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