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Forum The Markets Gold Discussion Group Buying gold off the Bay, melting, then making money?? Page 1 of 4 1 2 3 4 Last Jump to page: Results 1 to 10 of Buying gold off the Bay, melting, then making money??
Scrap Silver Prices In the US: 8 Things You Need to Know - Scrap Sales USA
Thread Tools Show Printable Version Send to a friend… Subscribe to this Thread… Display Linear Mode Switch to Hybrid Mode Switch to Threaded Mode. TheSilverMan View Profile View Forum Posts Private Message. Join Date Dec Posts I've been selling a few scrap lots on the bay recently, and as I was looking through some of the people who bought my lots I realized all they ever did on the bay was buy scrap gold either at or very very close to spot.How to scrap ink and toner cartridges for gold recovery and cash!
I asked a few of them what they did with it and they said they melted the jewelry and resold it. My questions to you guys is, how in the world can someone make any kind of money selling melted gold when they pay so close to spot?
Zeeforce View Profile View Forum Posts Private Message. Join Date Nov Posts It is EASY MONEY, and very Profitable.
I know many many people who do this on a regular basis Zee. But I find it pretty incredible how they can operate on such a small profit margin, especially considering some 14k jewelry might actually be Join Date Apr Posts I see no way to make money buying in small lots on ebay and selling to refiners.
After shipping and expenses, it is not worth the effort. You want to make money in metals, go out and pick up soda cans, same amount of profit.
Buying gold off the Bay, melting, then making money??
There are people on these boards still searching coin rolls, looking thru thousands of coin rolls and finding 1 silver dime. Join Date Jan Posts I hope next year will be the same - my co-workers will run through the door at the end of the shift and I will stay for couple extra hours and at the end of the next year my stack will be even bigger.
Why You Can Make More Money than Ever by Recycling Silver — Specialty Metals Smelters & Refiners
Originally Posted by brolytiz. Join Date May Posts Silvercoin View Profile View Forum Posts Private Message. Join Date Mar Posts 7, The jewelry they are selling is with a lot less than 14k gold.. But it's stamped as being 14k.
Either that or they are adding value to the gold through craftsmanship and thus can command a higher price. RayLopez View Profile View Forum Posts. Join Date Oct Posts Little nicks in my AU coin Speaking of dishonest, a long while ago I bought some gold 1oz coins and they had what looked like a couple of tiny nicks in them, in the face, not the edge. It may have been just a coincidence from rough handling, but it also may have been the sellers were taking tiny chucks out of each coin, and if you take of these chunks you'll have enough pilfered gold for a new coin?
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