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Message:: [QUOTE="10gary22, post: 1322066, member: 23626"]Startups are tough ! Don;t let anyone fool you. You can start the business easily enough, but there's a couple of snags you are going to hit. First, you need adequate capitalization without borrowing ! A loan will eat you up. There is no way to accurately predict the volume you will do. You will be buying and selling, I assume as to not deal with the red tape of being in a lending business. That means cash. OK, so you start small and get an inventory to sell. Now there's the security issue. Frankly, you are a better target than a liquor store, because you have less security. You must have either the metals or cash on you every transaction. This sets you up as a potential "target" every transaction. The margins are going to be less than the 17% your friend makes, generally. An example is that at the last coin show I attended, a dealer was buying junk silver at 23x, selling at 25x. That is a lot closer to 10% margin. At shows, he does have overhead I hope you do well at it. Just, before you start conducting transactions, make sure it can be done safely. You are on a good track, getting as much info as you can before putting your capital and yourself at risk. Best of luck !![/QUOTE]