How To Make Money Buying and Selling Gold | Gold Buying System
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HOW TO MAKE MONEY BUYING AND SELLING GOLD
By: Skip McGrath
_HOW TO MAKE MONEY BUYING AND SELLING GOLD _is my latest book.
Most of you know me for my books about selling on eBay and Amazon,
but I have done a lot of other things in my life too. One of them is
buying and selling scrap gold.
GOLD IS SOARING AND NEAR ITS ALL TIME HIGH.
When I first got into this business Gold was selling for around $300
an ounce. Today gold is selling for over $1,400 an ounce and experts
forecast it to go higher – much higher!
The United States is the largest jewelry market in the world and
millions of Americans have old, broken or just out-of-fashion pieces
of jewelry sitting in their jewelry boxes. Just last week my wife came
across a single 18K gold erring. She lost the other earring in the set
about ten years ago and the remaining earring has just been sitting in
her jewelry box since then. I put the earring on my gold scale and it
weighed 8 grams. At today’s prices that one earring was worth over
$300 –which is more than she paid for the pair ten years ago.
There is literally a fortune in gold –billions of dollars worth,
sitting around collecting dust. But the high price of gold today is
bringing it out of the woodwork. AND ALL YOU HAVE TO DO TO GET YOUR
PIECE OF THE PIE IS TO ASK.
You might be wondering how long this business can last. I recently
spoke with the owner of a large gold refining company and I asked him
how long this business could continue. He said:
_ “Every year all the refining companies in the US combined refine
less than one percent of all the scrap gold jewelry in the country.
And new jewelry sales grow over five percent a year. So there is
pretty much an endless supply. We have been in this business for 33
years and we expect to be doing this for at least another 33
years.”_
HOW MUCH CAN I MAKE BUYING GOLD?
Unscrupulous gold dealers like the ones that advertise on radio and
TV ask you to mail your gold in to them. They typically pay between
10% and 20% of the value of gold. Most pawnshops pay about 30% to 35%.
Legitimate dealers pay between 40% and 65%. 40% to 65% may seem low
to you, but remember, the gold you buy has to be smelted, refined,
assayed and poured into ingots before it can be resold. Refiners who
do this will pay you between 85% and 92% of the spot price of gold.
Lets look at a typical sale. The average person tends to bring in
three or four items that altogether weigh about 2 ounces. Most items
people bring me are 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. Lets say for
example you pay that person 50%, which is typical of most legitimate
gold dealers. At $1400 ounce, that comes out to $812. Now you send the
gold to a refiner who will pay you 95% of the spot price. I will let
you do the math this works out to a very nice profit from just one
transaction. Many experts predict that gold will go as high as $2000
an ounce. I don't know if that will happen, but imagine how profitable
this business will be if it does.
Do that 3 or 4 times a week and you are looking at some real money!
And it’s 100% legal.
WHERE DO YOU FIND PEOPLE WITH GOLD TO SELL?
I live in a small town of about 12,000 people. I was driving to the
supermarket on a recent Saturday and saw several signs that said:
“Cash for Gold and Silver Today at the Majestic Hotel.” After I
left the market, I drove over to the Majestic Hotel to see what was
going on.
There was a gentleman in one of the meeting rooms off of the lobby
with a table, a scale and calculator and a cash box. He was meeting
with a lady while two more people waited their turn. I didn’t want
to bother him, but the lady who works at the reception desk is a
friend of mine, so I asked her how he was doing. She told me he has
had a steady stream of customers all day. Imagine if each person
brought in just one ounce of gold and he saw 20 or 30 people that day.
That is a huge amount of money
THERE ARE TWO FACTORS DRIVING THE GOLD BUSINESS TODAY:
* A tough economy with millions of people out of work
* The record-high price of gold
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. These two facts have combined to bring millions of
people out of the woodwork with gold to sell. Either they need cash,
or they just want to take advantage of today’s high prices.
It is very easy to find these people. You can set up in a hotel room
like the person in the example above. You can advertise in local
papers or even on radio. You can also advertise for free on sites such
as Craigslist. Another popular method is using door hangars. You can
get them made for about 2-cents each and hire school kids to hang them
for you. But none of these methods work as well as one simple, low
cost advertising method I am going to show you in one of your free
bonuses.
Do you like to travel? A couple of years ago I met an older gentleman
and his wife who roam the country in an RV, buying gold at every town
they stop in. They even have a sign on the side of their RV that they
buy gold and people come up to them in the RV parks.
GOLD PARTIES ARE A BOOMING BUSINESS
One of the things I show you how to do with my system is throw gold
parties. You have all heard of home parties for Tupperware, cosmetics
or cooking gadgets. Well at those parties people SPEND MONEY. When
people attend a gold party THEY MAKE MONEY! If you can get 10 people
to a gold party you can buy several ounces of gold, -potential profit
of up to 45% on each ounce And the hostess, who put on the party, will
get 10% of what you make. Now that's what I call a "win-win."
My system includes complete instructions on hosting a gold party of
your own and how to market gold parties to others. Besides the
instructions I have also included flyers, brochures, ads and
invitations. All of these are in simple Word docs, so all you have to
do is add your contact information and print them out.
WHAT KIND OF GOLD DO YOU BUY?
Here is a list of some of the gold pieces I see every day:
* Outdated jewelry
* Broken or bent items
* Gold chains
* Class rings
* Bracelets
* Pins
* Broaches
* Wedding or engagement ring from an ex-spouse
* Retirement pins
* Watches
* Tangled bracelets and chains
* Wedding bands
* Items with missing stones
* Single earrings
* Those giant earrings from the 80s
* That promise ring from the ex-boyfriend you would like to forget
about.
If you are a woman reading this, I bet you have one or more of these
in your closet or jewelry box. If you are a man, just show this to
your wife or girlfriend and they will tell you how common this is.
PURCHASE _ HOW TO MAKE MONEY BUYING AND SELLING GOLD_ FOR ONLY $37
IS THIS ONLY ABOUT BUYING JEWELRY?
There is no question that jewelry is the easiest, most plentiful
market to do this in. But I am also going to show you how to make
money from discarded electronics including cell phones, stereos,
computers, microwave ovens and more.
Last week I was donating some things to our local thrift shop. When I
arrived the helper was in the process of throwing several older
electronic items in the dumpster. I asked why he was doing that and he
said “Well they don’t work so we can’t sell them. “ I asked if
I could have them. One of the devices was a ten-year-old tower
computer and the other was a cassette tape deck and amplifier.
With about 30 minutes and a screwdriver I recovered almost $200 worth
of gold from just those two items. Most of you won’t want to bother
with this aspect of the business because buying jewelry is so easy,
but there are plenty of people who make over $1000 a week collecting
and taking old electronics pieces apart and sending the parts to
refiner who will pay them 80% of the spot gold price.
You can even get these items for free. Just advertise that you
recycle old electronic items and people with bring them to you rather
than taking them to the dump.
HOW MUCH MONEY DO I NEED TO GET STARTED IN THIS BUSINESS?
You will need a gold scale, a gold testing kit and a couple of simple
tools. All of this will cost less than $30.
You will have to spend about $25 to $50 on local advertising to find
your first few customers.
Lastly you will need some cash to purchase your gold. I would say you
would need about $500 to buy your first few pieces. But don’t worry.
If you don’t have that, I WILL SHOW YOU TWO WAYS TO GET STARTED WITH
NO CASH AT ALL and bootstrap your way to your first few sales.
SKIP: WHAT DOES YOUR SYSTEM INCLUDE?
Here is what you get:
* 50 PAGE EBOOK, HOW TO MAKE MONEY BUYING AND SELLING GOLD. – My
book contains everything you need to get started. Please Note: My
eBooks are set to allow printing. You can print it out on your
computer printer, or you can send the file to a local copy shop such
as Kinkos and they will print and bind a copy for you.
* A BONUS PACKAGE THAT CONTAINS ALL OF THE ADS, FLYERS AND
INVITATIONS YOU NEED TO MARKET YOUR BUSINESS. It would cost you
hundreds of dollars to create these from scratch.
* MY PERSONAL LIST OF REFINERS WHO WILL PAY BETWEEN 85% - 92% FOR
YOUR GOLD
* MY TRAINING VIDEO THAT SHOWS YOU HOW TO EVALUATE, WEIGH AND PRICE
YOUR GOLD.
* MY NO QUESTIONS ASKED, 100%, 60-DAY MONEY-BACK GUARANTEE!
OK– HOW MUCH DOES IT COST?
My complete Gold Buying Training System only costs $37!
PURCHASE _ HOW TO MAKE MONEY BUYING AND SELLING GOLD_ FOR ONLY $37
ONE MORE BONUS: I am going to give you a very short, but free report
that shows you a fail-safe local advertising method that will cost you
$38 for every 1000 people who receive it and can generate generous
returns for each dollar you spend.
Comments are closed.
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HOW MUCH IS YOUR GOLD WORTH?
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BUYING GOLD AT A LOCAL HOTEL ON A SATURDAY MORNING
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You have a full 60 days to decide. If you are not happy with your
purchase for any reason, just contact me and I will refund your full
purchase price.
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NEED HELP GETTING STARTED? How to Make Money Buying Gold includes a
bonus package that contains all of the ads, flyers and invitations you
need to market your business.
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DISCLAIMER
New Federal Trade Commission (FTC) regulations effective in January
2010 require that if I state any amount of money I have made, or
someone using these methods has made, then I have to state the
“average” amount of money that everyone who bought this book made.
Well, as you can imagine, I would have no way of knowing that!
So to comply with the law, let me say that although myself and other
people have made differing amounts of money with these methods: “The
‘average’ person who bought this book made less than one-cent
($0.01).”
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VISIT OUR OTHER SITES:
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GUARANTEE
You have a full 60-days to decide. If you are not happy with your
purchase for any reason, just contact me and I will refund your full
purchase price.
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CONTACT US
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