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<p>[QUOTE="National dealer, post: 6926, member: 487"]To be a bullion dealer would require serious capital, on top of convincing the refiners or the Mint to deal with you. Currently the Mint does not accept any applications for bullion sales. The major refiners will not deal with you until you have a few years under your belt along with serious financial standings. </p><p>The average is five years in business with 1 million is current assets. </p><p>All of that is based on the fact that you could sweet talk a refiner into dealing with you. </p><p>Now with that said, you can still purchase from an authorized dealer, and they are listed in that thread, on the bulk plan and still resell. </p><p>Bullion dealing is the least profitable of all. Bullion is sold pennies on the dollar. For silver, the average is 60 cents per ounce. Gold is about 25 dollars on the ounce. Platinum is around 50 dollars an ounce.</p><p>When you are putting out thousands of dollars, you have to have the ability to move this material fast. I only deal in bullion because customers want it. For the time and effort, it is not the best.[/QUOTE]</p><p><br /></p>
[QUOTE="National dealer, post: 6926, member: 487"]To be a bullion dealer would require serious capital, on top of convincing the refiners or the Mint to deal with you. Currently the Mint does not accept any applications for bullion sales. The major refiners will not deal with you until you have a few years under your belt along with serious financial standings. The average is five years in business with 1 million is current assets. All of that is based on the fact that you could sweet talk a refiner into dealing with you. Now with that said, you can still purchase from an authorized dealer, and they are listed in that thread, on the bulk plan and still resell. Bullion dealing is the least profitable of all. Bullion is sold pennies on the dollar. For silver, the average is 60 cents per ounce. Gold is about 25 dollars on the ounce. Platinum is around 50 dollars an ounce. When you are putting out thousands of dollars, you have to have the ability to move this material fast. I only deal in bullion because customers want it. For the time and effort, it is not the best.[/QUOTE]
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