Hello everyone. I've been reading a lot about refining, but not much about how to make money from it.
I'm not sure how this business works, jewelry shops and other gold buyers in my area are paying up to 93% for 14k, and 95% for pure gold. Should I buy gold scrap on my own, refine it and sell pure, or can I refine scrap from "bigger" buyers? Maybe the situation is not the same everywhere, so someone from Europe can give a better advice.
I'm not sure how this business works, jewelry shops and other gold buyers in my area are paying up to 93% for 14k, and 95% for pure gold. Should I buy gold scrap on my own, refine it and sell pure, or can I refine scrap from "bigger" buyers? Maybe the situation is not the same everywhere, so someone from Europe can give a better advice.