evelyna13a said:
The fact that people are discouraging me proves this is a good business to go into.
You're a little slow on the uptake, aren't you?
You have not been discouraged-----you have been admonished to do your homework before you leap. Opening the doors on a business about which you know little or nothing is not a smart idea. I don't care if it's the buying and selling of gold, or milking cows. Smart people don't jump into unproven waters-----they get educated first.
If this was a useless opportunity on the web I would be encouraged to take the leap.
Again, please, with clarity.
I feel everything is very secretive about this business. No one wants to say where the gold actually ends up.
Preposterous! No one can predict where the gold "actually ends up". There is a wide and varied market for gold, so your knowledge, and how you are connected to the industry, dictate where it goes. If you are an unknown, you have little option other than to sell your gold as scrap to larger dealers or refiners. If you become a known and recognized refiner, you can occupy the position of such refiners and sell your product on the consumer market. Gold of unknown quality, coming from an unknown source, is generally looked upon as needing to be refined (or assayed) to prove it's quality-----although there are those that will buy gold of unknown quality in the hopes that it is fine. Jewelers take a big risk in buying questionable quality gold----traces of certain elements render it useless for their purpose, and can be the cause of lost art work when casting rings that are brittle.
No problem, I will just do some walking into smalll shops and ask questions.
And you hope to gain what? Small shops may be able to provide you with contact information, but small shops are rarely well informed of gold processing. They are well connected with those that have the knowledge, and, as you alluded, that information is kept quite close to the breast.
We are not jumping into the business. We are researching it and asking questions.
From my perspective, that's not at all what you're doing. You appear to be looking for people to agree with you, and are totally resistant to hearing anything you don't want to hear. I don't call that research.
A lot of people may just not want the competition.
You can believe me when I tell you that your presence in the gold market would be totally insignificant. You would not present a threat of any kind to others that may have a similar interest, not unless you set up shop on the same street. People don't travel out of their way to sell gold, they sell it where it's convenient. If you have a store front in your town, only others in your town would be in competition.
As far as your implying that I, perhaps, am threatened by your plan, surely, you jest! I am a retired person that is retired by choice, and I have no desire to refine or otherwise pretend to be a merchant of precious metals. I am not threatened by you in any way, shape or form. What I was trying to do is save you from making some serious mistakes. It appears you're far too clever (and certainly too young to have any wisdom) to accept well directed advice, so my work with you is finished. I'll save my energy for others that are more receptive to profiting from my years of refining and marketing precious metals.
Harold
