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Making Money on Generic pre-1933 gold
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<p>[QUOTE="ctrl, post: 390101, member: 13378"]I've done something similar in the past years, it's simply trying to find a true bargain using your expertise. It naturally requires a little risky buying and so in the end you might barely come out positive on average. </p><p><br /></p><p>The effect would be the same, basically, if for all coins on ebay or your local auctions, or wherever, you put in bids at a little less than wholesale for the correct grade, but with less prior examination. Given enough low bids, you'll eventually win some and of those wins, some will turn out to be good buys and others will not. Whether you come out a couple of percentage points on top or not depends on how well you manage the risk. </p><p><br /></p><p>I wouldn't call it "making money", it's not a stellar way to make money at all - but good for some interesting fun. </p><p><br /></p><p>Call it maybe "trying to break even".[/QUOTE]</p><p><br /></p>
[QUOTE="ctrl, post: 390101, member: 13378"]I've done something similar in the past years, it's simply trying to find a true bargain using your expertise. It naturally requires a little risky buying and so in the end you might barely come out positive on average. The effect would be the same, basically, if for all coins on ebay or your local auctions, or wherever, you put in bids at a little less than wholesale for the correct grade, but with less prior examination. Given enough low bids, you'll eventually win some and of those wins, some will turn out to be good buys and others will not. Whether you come out a couple of percentage points on top or not depends on how well you manage the risk. I wouldn't call it "making money", it's not a stellar way to make money at all - but good for some interesting fun. Call it maybe "trying to break even".[/QUOTE]
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Making Money on Generic pre-1933 gold
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