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<p>[QUOTE="medoraman, post: 1321025, member: 26302"]I understand Jason, but if I understand your business model correctly you would want a brick and mortar shop that would buy bullion and coins, and resell them. There is a reason why many shops like this also handle jewelry, and all will buy gold as well as silver. Making your monthly rent and having something to live on requires volume. You will need to be able to do enough business, at enough profit, to generate this profit stream. Most stores find they need to be knowledgable about collectible coins, all PM, and some even do jewelry as well. If you do not want to do jewelry, (which I would understand), I would strongly encourage you to make friends with all of the jewelers in town and let them know you will direct any customers to their stores if they come into your business, and ask if they could direct any coin customers to your store in return. At your store, though, I sincerely believe you shoul be willing to buy, (at a profit), any gold that comes in. Even if you would just turn around and wholesale it out to other dealers, a buck is a buck, and especially starting out you need profits.</p><p><br /></p><p>Who knows, maybe you will start liking gold more than silver. Even if you hate gold, (I am not terribly fond of it, I prefer silver and platinum), like I said, money is money.</p><p><br /></p><p>Just a bit of unsolicited advice, worth as much as you paid for it. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1321025, member: 26302"]I understand Jason, but if I understand your business model correctly you would want a brick and mortar shop that would buy bullion and coins, and resell them. There is a reason why many shops like this also handle jewelry, and all will buy gold as well as silver. Making your monthly rent and having something to live on requires volume. You will need to be able to do enough business, at enough profit, to generate this profit stream. Most stores find they need to be knowledgable about collectible coins, all PM, and some even do jewelry as well. If you do not want to do jewelry, (which I would understand), I would strongly encourage you to make friends with all of the jewelers in town and let them know you will direct any customers to their stores if they come into your business, and ask if they could direct any coin customers to your store in return. At your store, though, I sincerely believe you shoul be willing to buy, (at a profit), any gold that comes in. Even if you would just turn around and wholesale it out to other dealers, a buck is a buck, and especially starting out you need profits. Who knows, maybe you will start liking gold more than silver. Even if you hate gold, (I am not terribly fond of it, I prefer silver and platinum), like I said, money is money. Just a bit of unsolicited advice, worth as much as you paid for it. :) Chris[/QUOTE]
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