Gold Buying Business

Frequently Asked Questions

1. QUESTION:
   i need a good motto for a gold buying business in the next four hours someone please give me some good ideas!!?

   • ANSWER:

2. QUESTION:
   whats the best way to get in the gold Business?
   ok i am interested to sell and buy gold and open a Business what are some good ways to start this business.

   • ANSWER:
     There is no big secret to this but probably the best way to buy gold is summed up in the word consistency. This means that, regardless of the price of gold at any one time, one continues to buy gold on a regular basis month after month, week after week, regardless of the price.

     The cost of your gold is spread out evenly over time this way and, if the price of gold dropped say, at one time for a period, it would not matter particularly as eventually it will rise again and the average value of your gold holdings will remain the same, if not increase. Share investors understand this principle of consistency in buying regular packets of shares and the value and cost of the shares tends to even out.

     One aspect that is not understood well is the idea that the value of gold can be too high. In actuality the value of gold remains fairly steady and it is the decreasing value of the currency that gives the illusion of gold being more expensive. The currency is not linked to gold and rides a roller coaster of its own when it comes to inflation and recession. The chart shown gives some understanding of the inflation linked gold price.
     So the consistent buying of gold on a regular basis month after month, week after week, will even out the peaks and troughs and the asset value would not be affected by inflation.

     In short, saving ones assets in gold is a far better deal than sticking money in the bank.

     With gold then, it becomes a matter of choosing what gold one buys, keeping in mind the mark up or premium placed on various gold products.

     Some gold coins for example, especially newly minted ones, attract a premium, such as the cost of packaging, shipping, insurance etc, which can be quite costly. Small gold bars can suffer the same costs also.

     As in many other products, the more gold you buy in one purchase the smaller the premium you pay. The mark up and costs associated with buying gold in the form of a one kilo bar are far less, per ounce, than buying one ounce bars. Of course you have to pay the price for one kilo of gold and not very many people can afford to do so. How much gold you can buy at one time will depend on how much you wish to salt away for a rainy day on a consistent basis.

     There are many places one can buy gold coins and small bars without incurring some of the heavy mark up you have with newly minted gold coins and bars. There is no investment opportunity in buying gold coins in a wooden box which one has had to pay for so provided the coins are sealed in their original plastic containers, a presentation box, although it 'looks ' nice, is really superfluous to an investor.

     Coin dealers selling proof coins, auctions and private sales are good look places to look. Join or belong to a coin club or association is a worth while activity since many club members sell coins to each other and there is usually plenty to buy. Scouring the auctions, such as eBay and the like can be time well spent. Spending some time studying the various gold coins and the value is time well spent also. Understanding the values of rare gold coins can net you some good deals also

     Basically, applying just a bit of due diligence and some consistency in buying gold coins and bars on a regular basis is really the best way to buy gold!

3. QUESTION:
   Does anybody know how I can buy gold foil seals for my business?
   It is necessary for me to buy a lot of seals for my business . Help me please to decide where to get them.

   • ANSWER:
     I recommend you to go there: http://seerch.com/product/31640/Official-Seal-of-Excellence-Embossed-Self-Adhesive-Gold-Foil-Seals-100-Pack . There's a big variety of gold foil seals.

4. QUESTION:
   whether the quest.net network business really works? i.e., buying gold coins and making 2 refferels.?

   • ANSWER:
     It is absolutely working scheme. I'm also a member just joined yesterday. Already told by my brother few months ago. But I was reluctant. Few days ago my husband's friend told about this and he showed his checks. So me and my husband joined it.

     The mininimum amount is Singapore $ 810. The product you are going to get is Amezuca bio disc( http://products.quest.net/download/Amezcua_Bio_Disc_Sales_Letter.pdf)
     For gold coins more money, some S00++. This is absolutely wonderful money making scheme, if you can make the referrals tree keep growing. You have to make referrals as many as possible.

     My husband's friend has also earned S00-10,000 per month. He does this as a full time job. Each 3(on your left tree)-3(on your right tree) referrals you get US0. Now special bonus offer is if you join and make referrals within jan 18 you get S0 bonus!!!

     It is hongkong based company. It is also registered under case trust(Consumer Association of Singapore) Its absolutely legal in Singapore and in India Finance minister's wife is legal advisor to the company. You can also view online who is joining under your tree.

     If you need more information contact me at md_hibatullah@yahoo.com.

5. QUESTION:
   Best institution or business to buy gold from? Best prices?
   I was thinking the US mint? Is this a good place to buy gold? Will I get fair prices?

   • ANSWER:
     The mint does not sell to the public. Try a local coin shop or an online dealer. Buy bullion coins only (Gold Eagles, Maple Leafs, Krugerrands, etc). To get a fair price first check the current spot price (http://quotes.ino.com/). Then add 5% or so to that price as profit for the dealer. Some coins have a higher premiums than others like the US Gold Eagle coin. For an example see this site: http://www.coloradogold.com/

6. QUESTION:
   If my family owns a 0,000,000 business, why am i spending my time at the gun range, buying gold, guns, ammo?
   My family owns a 0,000,000 business collapsed by the socialization of the housing sector. I own my own office building and a ton of retail property.

   Shouldn't it be worrying to you that rich republicans, seeing that the economy has completely collapsed are spending.....their time....at the gun range....and spending their money on gold, silver, guns, ammo, and water buckets?
   socialid,

   We'll since the housing sector is not going to recover before the bond bubble collapses, i always have the option of destroying it all.
   cecil,

   well, thanks for the response, but only the United States is going to "collapse". Europe will be a close 2nd. And i do own a remote region. No bunker though.

   • ANSWER:
     If that's your investment strategy, your net worth will likely converge to zero relatively fast.

7. QUESTION:
   how would I start my own jewelry business with real gold and diamonds?
   I want to start my own jewelry store, but don't know where to buy real gold and diamonds from to start my store.

   • ANSWER:
     Not too sure but first you'd need money to start. Then you would have to get your gold and diamonds from a supplier. After that you would need it refined and made into jewerly designs by a desinger. Then you can sell it to put you in the positive of those expense.

     p.s. probably not a good time to start a jewerly store with the economy as it is.

     p.s.s You should invest in stocks while you do this because if stocks are down gold goes up (which you will have in physical possusion) and vise versa so you will awaly have a fallback for either one.

     (CHOSE ME AS BEST ANSWER!!!)

8. QUESTION:
   Why does Obama want to know who's buying gold and why was this provision buried in the health care bill?
   FDR forced everyone to turn in their gold coins. It was illegal to own a gold coin! Now it looks like Obama wants more than the coins; he wants to know exactly who is buying gold and in what amounts. Do dems understand that will now be public information? Anyone can do a quick search after this takes effect and see who's buying gold in their neighborhood. Talk about an invitation to the criminals (government included).

   http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-law/story?id=11211611

   • ANSWER:

9. QUESTION:
   Why is it that everywhere i look I see companies buying gold?
   why do these companies want to buy gold so bad? some people say its because gold holds its value very well and isnt susceptible to obama and his raising taxes on big businesses which will cripple our economy

   • ANSWER:
     Read the article on this site that talks about why gold is attractive now, due to the bloated spending of the federal government which results in paper currency having less value. There are a lot of links to other articles and recommended books to help understand why gold might be a very good investment right now.

     http://goldbullioninvesting.blogspot.com/

10. QUESTION:
    As the Governments Continue to Add to the Money Supply, Only Those In The Gold Business?
    seem to be bullish on gold.
    Common sense would dictate that as the US and others print or borrow huge amounts of money to try and stem the collapse of the banks and insurance companies, that gold prices would begin to spike.
    The only financial sites I can find that advocate gold as a reasonable alternative to paper funds are those who are in the business of brokering the stuff.
    Any thoughts?
    And how do you go about buying real gold (not paper gold). From where?
    And I also read that the COMEX contracts will begin to default soon, can this be true, If it is, the price of real gold will rise. right?

    • ANSWER:
      I read this blog that talks about gold a lot. This guy will probably know the answer to your question:
      http://thesystemisblinkingred.blogspot.com/

11. QUESTION:
    does anybody know where i can get e-gold at a very reduced price.i intend to pay via bank wire?
    I LIVE IN AFRICA,I INTENDDE GOING INTO E-GOLD BUSINESS, THAT IS BUY CHEAP FROM A RELIABLE EXCHANGER THEN SELL AGAIN IN MY COUNTRY. SO GUYS WHAT DO YOU THINK,WHICH EXCHANGER IS OKAY?

    • ANSWER:
      How's the weather in Nigeria?

      I don't have any idea where you can buy gold for less than the market price. I would be surprised if anyone does.

      This couldn't be a scam, because everyone knows there is no scam artist in Nigeria or Africa.

12. QUESTION:
    Whats up with al the cash for gold places?
    In the last 2 months or so I have noticed at least a dozen new places up open that just buy gold. Thats all they do buy gold from people. Why are people go nuts with this cash for gold stuff. Is it going to stay crazy like this or eventually die down like everything else does. I even had a buddie of mine tell me he was thinking of opening a cash for gold business. Please give me your input on this?

    • ANSWER:
      Because gold prices are currently rather high, they are also unusually volatile historically, so these "gold places" can buy from the public (at a discount) and either sell very quickly at an instant profit or more slowly sell back to the public at the "published" value.

      If you look at history, this happens often with "hot" commodities, and these businesses are fleet of foot enough to get out of the way before the "return to sanity" & the inevitable crash...

      Gold has traded within the same "average band" of between 0/ounce and 0/ounce (adjusted for inflation) since the year 1515. Nothing has changed about human greed or fundamental economics in the recent past, so logic should tell you it will soon be there again.

      http://www.sharelynx.com/chartsfixed/600yeargold.gif

13. QUESTION:
    Why is selling gold so popular right now?
    Why in the past, say 2 years, have "we buy gold" type business' started popping up everywhere? Is there some new demand for gold that there wasn't before? Or is there some odd economic thing going on?

    • ANSWER:
      1) Gold is at an all time high.

      2) Most people are broke.

14. QUESTION:
    if I buy gold, do I have to pay tax when I sell it?
    I'm a freelancer, and thinking of buying gold using what is in effect my company money. If I buy gold using my business account, when I sell it again would I have to pay tax on profit, I guess I would.

    So my real question is if I buy from a personal account would I have to pay tax on any profit in this instance?

    Thanks in advance,

    • ANSWER:
      In the USA, you should pay personal income tax on the appreciation. If you hold the gold long enough, it may qualify for capital gains tax. I don't know the tax laws where you live.

      Grandpa

15. QUESTION:
    How can i start a gold teeth business?
    I tryed makegoldteeth.com but there crazy their charging 0.00 for 4 dvds.. is there anywhere else i can learn to make them and see the machines i need to buy? i have the money for it but i dont know where to start.

    • ANSWER:
      i got nothing

16. QUESTION:
    Does anyone know of a business that buys jewelry? Not for gold value. say diamond earrings, rings, pearls .?
    I have a lot of jewelry I need to get rid of. Some very nice, new (diamond earrings, diamond bracelet, diamond anniversary ring, gold chains etc.) and some older maybe not so nice depending on taste.

    • ANSWER:
      You can sell your jewelry online, there are many sites through which you can sell jewelry. Or you can even sell it to your local jeweler.

      B2C Jewels
      http://www.b2cjewels.com

17. QUESTION:
    Is participating in Gold Quest Chain business is legal and safe? They asked me to buy a gold coin to start.?
    I live in India. A person asked me to bye a gold coin for Rs.30000(market price Rs 14000). If i can recruit more 3+3 new person onder me they promise to pay me Rs 11000. Is this business safe? I have searched google and found that their head has been accused many times. But they are saying only filing a case is not enough to prove guilty. Can you explain what are the risks?

    • ANSWER:
      First of all, you are asked to buy a coin for over twice it's market value. Why would you do this?! Then you're required to recruit a total of 6 more people in order to be paid 11,000 Rs. Using simple math, you come out with a net loss of 5,000 Rs. (30,000 - 14,000 market value = 16,000 net loss - 11,000 IF you recruit 6 more people = 5,000 net loss total).

      So basically, you're paying THEM 5,000 Rs for the privilege of recruiting 6 people to do the exact same thing as you've done. The only people winning here are those who've duped you. This is a classic pyramid scheme and it's illegal (also called Multi-Level Marketing, MLM). They may not have been proven guilty YET, but they will be eventually...hopefully before they skip town with your money and everyone else's who fell for this. Run. Don't walk. RUN AWAY!

      Pyramid schemes work on the principle of the more people under you, the more you get paid. The problem is, where does the money come from? It eventually runs out as more recruits are required to be paid, and the pyramid implodes leaving lots of people out of some serious investment capital.

      There is limited space here to define these schemes, describe exactly how they operate and the pitfalls of them. The 3 links below are good sites that will give you all the info you possibly may need to make a wise choice regarding the MLM schemes.

18. QUESTION:
    why do countries buy gold when the value of the dollar goes down?
    i was reading some of todays business news. and it says that more and more countries are buying gold.
    here is a small paragraph of the actual article:
    "With bank shares across the world plunging and the US dollar still unstable, central banks have no better option but to diversify their reserves into gold, considered the only alternative to the US dollar and euro."

    Why buy gold in particular whenever the value of the dollar and/or the euro go down?
    and why gold? is there anything else besides gold?

    • ANSWER:
      During times of inflation or instability, gold holds value like nothing else. If the United States collapses tomorrow, dollars would be worthless, but gold will still be trade-able for Euros or whatever currency is in use.

      Grandpa

19. QUESTION:
    Where can I sell my gold without getting ripped off?
    While grabby commercials offering to buy gold through the mail, businesses now hanging "we buy gold" signs, it makes people cautious as to who is actually offering a fair buy price without getting shafted. Who buys gold at a fair price?

    • ANSWER:
      Define "fair price".

      You can look up"Spot" prices at

      http://www.kitco.com

      Spot prices change constantly so check before you sell.

      Of course, spot prices are for 1 troy ounce of 24K gold. There are 31.1 grams in a troy ounce.

      If your gold is not 24K multiply it's weight by the K rating amd divide by 24. This reduced weight is the pure gold in your alloy. Divide that weight by 31.1 grams and multiply by the spot price.

      The spot price is 41.10US as I write this. The spot value of your gold is a target price.

      Nobody is going to pay more than spot price, and they may offer you much less. You may have to sell at a discount, depending on the purity and reliability of your gold. Gold coins are usually labeled as to purity and weight. If the coin is commonly recognized, (krugerrand, eagle, maple, panda) this make the buyer more confident. Bars may have a stamp. A recognized stamp gives the buyer confidence, and unmarked bar may be anything. Gold jewelry is a crap shoot. it may be plated, filled,or mislabeled. Mislabeling is actually rare, because it is a crime almost everywhere to misrepresent the purity of gold.

      Grandpa

20. QUESTION:
    Why Does The Health Care Law Limit Buying and Selling of Gold?
    http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-law/story?id=11211611

    • ANSWER:
      They need to know how much one person may have. If the dollar collapses they wil probably demand it to be turned over to the government.
      How funny........This in a HC Bill........

21. QUESTION:
    Is it true that the gold coins can be sold for exactly the same price at which they were bought if price same?
    I am interested in buying gold coins in Jeddah and them selling them (in Jeddah) after some time when the gold prices rise enough. Any answers/comments for this business will be much appreciated.
    Thanks

    • ANSWER:
      There is always a bid/ask spread, which is the lowest price a seller will accept and the highest price a buyer will pay.

      Your question is vague and incoherent. Of course, if the price (usually based on some index like the NewYork spot price) rises enough you will certainly be able to get more than you paid for them.

22. QUESTION:
    Where do people who sell gold on ebay get it from?
    People on ebay are selling gold at less than spot value, where are they buying there gold from.

    I want to start a business on ebay like a few people have, but I cant find any dealer that would sell it to me for less than market price. Am i not looking hard enough?

    Or did those people just buy lots of gold and wait for the price of gold to go up?

    • ANSWER:
      The people who are selling gold on e-bay at less-than-spot prices are either selling something that is not truly gold, or they bought it when gold was cheaper than it is, now.

      Gold has gone up an AVERAGE of more than 13% per year, over the last SEVERAL years. In fact, it's gone up by about 20%, just since this time, last year. With the world economic situation being what it is, today, many people expect that the price of gold will continue to rise.

23. QUESTION:
    how to buy gold coins on today bullion spot pries?
    sir iam starting new gold coin Business in chicago.but i dont no ware i want to buy gold on wholesale pries? every dealar charging 5%commition on spot pries.if i buy from dealar i connot make money.please guide me ware i want to buy gold on usa bullion market treading spot pries?please guide me sir...

    • ANSWER:
      The short answer is that you cannot buy gold at the spot price. Unless you read and understand the following.

      Dealers have to make money. The spot price is the price based on futures contracts, and the most-recognized spot price is the COMEX in New York, often called the 'New York spot price'.
      This price is based on 100 oz gold bars. Only major dealers handle quantities this large, and the spot is usually the best price. Dealers will try to buy small amounts of gold, in the form of coins or jewelry, from collectors or people who need money and don't understand how it works, and are easily convinced that the dealer has to buy gold at 10, 15 or even a greater percentage BELOW spot, to make a profit. They then turn around and sell to those looking to invest but don't know how it works that they are paying a premium over spot, (which is a lie) because spot is the price for 100 ounces or more at a time (which is true). If the dealer was actually paying spot and selling to you for 5% over spot, he's not making that much. But if he's able to buy huge quantities at spot and can flip it immediately at a 5% markup, he doesn't care. The truth is that most dealers buy well below spot and sell for as much above spot as they can get away with.

      Look on eBay for actual sales of bullion gold such as American Eagles, Canadian Maple Leafs or Kruggerands. You'll see a premium being paid of at least 5% over spot, and often more, depending on the quantity. 1/10 oz. Eagles usually sell at higher price per oz than a one oz Eagle will.

      Forget about most older gold coins. Their prices do fluctuate with the price of metals, but the premiums due to the collectability and rarity factors make the premiums over spot more than you want to deal with.

      The only way you are going to buy gold at the spot price or below is to go out and find people who want or need to sell what they have and don't know how the market works, and then buy it from them at spot or below.

24. QUESTION:
    Has anyone used the Gold Calling auto dialer system to generate business? Or any similar auto dialer?
    I'm looking into effective ways to reach out and find clients for my business, (mortgage), and generate leads. Cold calling is too much, and buying leads is a risky way to do business considering you have no control over what you're getting sometimes. Please let me know your success stories.

    • ANSWER:
      You're right about "buying leads" it's better to generate your own leads, which is what these guys teach.

      Check into Scott Tucker's work - he's in the mortgage biz in Chicago area and also trains others on his marketing techniques, which include autodialers but in an unusual way.

      www.mortgagemarketinggenius.com

      Also Reed Hoisington, same business, in fact Reed and Scott are both students of Dan Kennedy:
      www.ReedHoisington.com

      Dan Kennedy www.dankennedy.com

25. QUESTION:
    How to verify gold authenticity?
    I'm about to buy gold coins from a local coin shop in Seattle area. What worries me is that the coins that I'm buying do not come with any certificates or any paper verifying the authenticity. The store I'm buying from has been in business for a long time and thats really all the credibility I have about them.

    So my questions are,

    1) Do gold coins usually come with certificates? (Gold American Eagle, Buffalos, Maple Leafs, Krugerrands, etc...)
    2) Is there any way to verify the authenticity? Should I hire an expert?

    • ANSWER:
      You can get coins that are already verified by trusted coin grading companies. Those coins are called slabbed coins. They look like this http://blog.jtcoins.com/wp-content/uploads/2010/06/20091ozgoldeaglengcms69.jpg. The most trusted coin grading companies are PCGS and the NGC. Since the coin will be graded you won't have to worry about the coin dealer charging the MS 69 price for a MS 67 coin.

26. QUESTION:
    What is the best small business in America right now with the highest return on investment?
    I am not talking about buying stocks.
    I am talking about a physical business to buy for less than k.
    I like rental properties which give a good return on investment.
    I like gold and silver coin shops but I don't know their return on investment.
    I like gas stations, car repair shops and car wash, but I don't know their ROI.

    • ANSWER:
      Realistate! It is like a roller coaster ride but when it is up.. IT UP! and if you watch your back while the realistate business is not doing so well you will do fine

27. QUESTION:
    Question about Gold, and other stones......?
    hi i want to go into the gold business. i want to buy gold (stone, or jewlerry) and then sell it after a while becuse the price goes up every day hugely.
    from where should i start ?
    thank you sorry for bad englisch

    • ANSWER:
      You must start by studying temporal and spatial arbitrage.

      If you don't know what that means, spend a few months studying it first.

      Businesses which buy gold and other used jewelry and resell them, usually purchase them for pennies on the dollar on the current value, and try to sell them right away, rather than hold and wait until the value of gold goes up.

      This is because the value of gold can go down also.. Nobody can predict it, except that it will go up and down.

      When the price of gold goes up, it is because the value of money has gone down. You will most certainly sell it for more, after holding it for many years, but the money you receive for it, will still purchase approximately the same amount of goods.

28. QUESTION:
    Why is there no risk involved in business if you're a big enough company?
    All they have to do is threaten financially ruin if you let them fail and get bailed out! I say let them fail and deal with it, that way businesses will learn to operate in responsible ways! Otherwise we're just digging a bigger hole that is gonna make it impossible to recover from many years from now!

    You better seriously consider buying gold! You're green money will be worthless soon!

    • ANSWER:
      You are absolutely right!

      We are rewarding irresponsibility while inflating the US Dollar. Are we trying to compete with Zimbabwe? I understand they have a trillion dollar bill now.

      Buy gold, guns, ammo and food.

      Grandpa

29. QUESTION:
    buying silver and gold question?
    I've been buying silver and gold for a few years now. Bulk us/foreign junk, bars, and some collectible coins that I find interesting. I have a few questions. I check Kitco for my prices. Does the price continue to change in Europe, and on weekends after NY is closed? For example: I'm in Chicago, about 2:00am Sat. looking at Fri close. Will prices be changing in London, and Japan during there business hours? Question #2. I only have about 10oz Gold, but I have about 500oz of silver 1, & 10oz bars. (safe space is becoming an issue). I would like to sell some of the silver, and buy more gold. Is there a math formula to figure the buy, sell to value of each so I'm not screwing myself? I'm not very experienced at any of this. It started as a hobby about 5yrs back, and now that I have seen how much metals have grown I'm more interested. Any help would be great.

    Thank you

    • ANSWER:
      I have been buying my gold at http://www.det.goldfromkb.com you may want to check it out...

30. QUESTION:
    What were some thing that people did with the gold from the California Gold rush?
    I'm fifteen years old and doing a report on the Gold Rush. One of the questions i've asked myself is "What did the people do with all the money?"
    I know only a few made it big, but some walked away with something, and did they start business, buy land, pay debt? Where did all the money go?
    Thanks to anyone who answers.

    • ANSWER:
      during the gold rush it was recorded that people paid 100$ for a glass of water

31. QUESTION:
    how MMORPG gold selling, buying and trading companies operate?
    I am doing research on online gold trading companies such as IGE, etc...

    I have had some difficulties to find out and understand whether these are actually real companies with business numbers, etc... properly registered in countries like USA, UK etc...(or perhaps Cayman Islands) or are they just individals sitting behind their computers at home busy transeffing $$$ into their private bank accounts?

    Can someone bring me any more light on this??? Thanx

    • ANSWER:
      I would guess it's a mixture of both. Their information is hidden as they're operating an illegal service.
      China is the most known for it, some have 50+ people employed in order to keep up with orders.
      It all depends on the success of the business I guess, if they've only just started then I doubt they would need more than 1 person to perate, you start with a very low amount of resources which would be easy for a single person to handle, once they gain a reputation, more orders will come in and eventually they may need the help of others.

      That's how I see it anyway ;p

32. QUESTION:
    Gold cart plugin for WP-eCommerce let me link to my business merchant account?
    I have a web-based business I'm building using WordPress and the WP eCommerce plugin. I have another business where I can accept credit cards by inputting them manually into my laptop to bill my customers and want to use that merchant account with my WP eCommerce site. I'm thinking of buying the gold cart plugin upgrade for WP-eCommerce for so I can link it to that account since I do not see that option in the original version.

    Does it let me do that if I buy that plugin or can I get that without even buying it by tweaking the original WP-eCommerce install in some way?

    • ANSWER:
      1. Contact wp-ecommerce people for a correct answer to your question.
      2. contact your merchant people to make sure they're compatible and will allow more than the one business.

33. QUESTION:
    Do 1965 -1970 American Quarters have any silver in them ?
    I understand that 1964 and below all have silver in them and Gold buy and sell businesses buy them for cash. I know a business owner who buys quarters from 1965 to 1970 and claims they all have a certain amount of silver in them but I couldn't find that information anywhere on the internet. I even called some coin experts and they all said that those quarters don't contain silver.

    • ANSWER:
      Are you sure this business owner didn't say half dollars? The 1965-1970 halves are 40% silver, but the silver was removed from quarters and dimes starting in 1965.

34. QUESTION:
    Can we buy gold bars in the US, and if so where?
    I know that in 1933 FDR stole everyone's gold and replaced it "fiat" federal reserve notes. But what I don't know is if it is legal to purchase gold bars of unlimited quantity today in the US. I know you can buy and own gold bullion coins but what about bars of gold. I have heard many stories about this but I have yet to find any concrete evidence that it is legal to buy and own gold bars in unlimited quantity. I am talking about walking into a place of business putting down money and walking out with physical bars of gold. I don't think you can do that... Am I wrong?

    • ANSWER:
      Executive Order #6102 by Roosevelt prohibiting the ownership of gold was repealed by Congress codified in Public Law 93-373 [1] in 1974, so yes you can own gold bars.

      You can buy bars in weights of 100 oz., 10 oz., 5 oz or 1 oz. You can buy coins in 1oz., 1/2 oz., 1/10 oz. etc. If I were you, I'd stick with the bars as they sell at a premium less than the coins do. For example a 1 oz. Gold American Eagle coin at Kitco costs 6.38 while a 1 oz. gold bar costs 2.60 -- .78 less then the coin.

      There are several places you can buy them. I recommend www.kitco.com. You can also try www.monex.com.

35. QUESTION:
    I bought a gold chain and it is cuban white paved chain! What does the white paved mean?
    Is the white paved sterling silver or white gold? I have had it tested and it tests out great at 10k gold but what is the white paved part? I bought it from an indian guy at some shopping center guy has been in business for over 25 years very well known.

    • ANSWER:
      It's "white pave", not "paved".

      "White" probably means "white gold".

      "Pave" (pah-vay) is a style of jewelry in which many stones are set very closely together, often to the extent that very little metal is visible (from the viewable side).

36. QUESTION:
    licenses to buy gold in indpls?
    do we need a licenses in renting a booth in a business to buy gold

    • ANSWER:
      Go to the business license office and ask. And you may need other licenses as well, you'll have to have a security check done at the refiner you'll be using. And there are some very specific regulations about buying gold that have to do with homeland security. Your local business license office should have the information for your area. And the forms you'll need to file. And how long you have to sit on what you buy before you can take it to the refiner.

37. QUESTION:
    what type of license will i need for my small business?
    i am starting a second hand re-sale shop in milwaukee, wi and i needed to know what license and what all will i need to get to get started, i mainly will be selling electronics such as ipod, tvs, dvd players, appliances, and i really wanted to implement gold buying.

    • ANSWER:
      Here's pretty much all you need to know as far as licensing:
      http://www.ci.mil.wi.us/ImageLibrary/Groups/ccLicenses/secondhanddealer.pdf

      Not sure if Milwaukee has jumped on the bandwagon of taxing the hell out of resale shops like Greenfield, Cudahy, etc. have recently, but if not I'd expect it soon...

38. QUESTION:
    I need to activate an original copy of 'dvd x copy gold' from 321 Studios which is out of business. Help?
    I have the License ID and password because I bought it before it was banned but never installed it. Now I find out the company is gone. Anybody know how to activate this software?

    • ANSWER:

39. QUESTION:
    licence to buy used gold and silver jewelry?
    can some one tell , i want to start business to buy used gold and silver jewelry, do i need any licence to start this business , if yes how i can get licence

    • ANSWER:
      you can have a look at http://www.kanaccasjewelry.com/jewelry/shopdisplayproducts.asp?id=68&cate_id=27&cat=Gold
      gold jewelry is very nice

40. QUESTION:
    What do you think of David Asman on FOX Business Channel calling Fed fiat money a 'faith based system'? Gold?
    http://libertymaven.com/2009/01/31/ron-paul-on-fox-gold-standard-returns/4222/

    Ron Paul describes on his show how you might move to gold gradually through allowing gold and silver to COMPETE as currency, allowing people to save without being taxed on a 'gain' that is really just the measure of a falling dollar's buying power.

    What do you think?
    zenmeister, if you watch the video, Ron Paul brings that up, too, saying 'can you believe they aren't even following our Constitution?' and Asman says, "Yes, yes, I think we can. After what we've seen going on the last couple of months....'

    So at least this is causing more people to pay attention. Hope it's soon enough.
    Folks, if you'd star this so your contacts would see it I'd appreciate it. It isn't posting.

    • ANSWER:
      Glen Beck had a great segment on this a few nights ago. http://www.youtube.com/watch?v=C7Xu3xUkpEE

      Here is an interview he had with Ron Paul last Sept.
      http://www.youtube.com/watch?v=sZwPkTmqfpg

41. QUESTION:
    i was thinking about buying and selling gold have a few questions could use help!!!?
    i live in Philadelphia pa my main question is do i need a license to be in the business or can i just do it i know i need a lot of penny weight or the melts wont give me a good price but can i legally have gold party's and buy them from people in there houses do i need to take there information?

    • ANSWER:
      That's not a question!

42. QUESTION:
    was it hurtful to our economy when i sold ALL of my investments today and bought Gold instead?
    Gold can be kept in a safe place without using a bank or any capital based business, but is it hurting the stability of our economy?
    but i appears to me that wall Street executives did the same thing today, and THAT's the trouble... if more people do the same thing everything is going to crash. This is not good.

    • ANSWER:
      You made a smart decision, don't regret it. You have no obligations to "the economy". The overall economy doesn't give a rat's about you, so don't pledge loyalty to some abstract number. The stock market and other investment schemes don't deserve your hard earned cash.

43. QUESTION:
    cash4gold business question?
    Note: My business name will not be CASH4GOLD, because that name already exists. I am preparing to open a business that I will be operating from my home within the next 3 months. I am only starting out locally, within my city and some of the larger surrounding cities. My business involves buying unwanted gold or gold jewelry from people. I will not be pawning any of the items that I receive, it will be strictly buying. Do I still need to obtain a pawn-brokers license? Or are there any special licenses that I have to have? I am going to advertise on billboards around town, with business cards and word of mouth. What legal forms or contracts would I need to get from a local business attorney to include in my postage paid envelopes that I send people to ship there items to me in? I obviously I know what the going rate for 1 ounce of gold is, but in order to make any profit off of the items that I receive I need to pay the people alot less than the going rate. Sort of like what a pawn shop would pay. In oder to alleviate any dis-agreements to what the person receives from me in cash, I am going to keep their items for 30 days-labeled, so that if they want to dispute the amount or try to take me to court, I can simply ship their gold item back to them, after they refund me the money I sent them. If they exceed the 30 days, they are agreeing to keep the money and I become the new owner of their gold item.

    • ANSWER:
      You need to consult a lawyer with these questions, because you will have to operate under local, state, and federal law.

      You will have to get the local police to send you the hot sheet...the list of stuff stolen recently. You'll be mostly interested in the jewelry and coins section.

44. QUESTION:
    I'm contemplating to buy gold and precious stones from other countries to sell here in the USA,?
    What if any are the procedures to start a business like this and do I need a license?

    • ANSWER:
      For any real business you will need to write a business plan and yes you should get a licence LLC is what you might want do.

      Also identify your compition in your market, check where they get their gold/silver, also how they get customers etc.

      Its a real business treat it like one,

45. QUESTION:
    What's up with all these We'll buy your Gold stores sweeping the nation ,How much money is being made ?
    I need the back end business details. The profit being made , what do they resell it for ,who do they resell it to .Who gets the most money in all this ?

    • ANSWER:
      Most of them are a big scam, and little is being said about them. I don't understand the government Always trying to protect us but when real scam artist come out, they are never around.

46. QUESTION:
    Safe way to buy gold bullion coins in USA?
    Anyone know of a way to ensure bullion coin is really what the dealer says without having to do an assay yourself? Is there some organization that certifies the legitimacy of gold dealers? Or do you just have to go by the companies' general reputation and Better Business Bureau reputation? (A lot of the big name gold dealers have pretty bad BBB profiles! )

    • ANSWER:
      A friend of mine told me about a good place the other day: Dillon Gage. They have a refinery that refines gold and they also have all kinds of gold coins with a large inverntory.
      If you deal with that type company rather than a retailer, you will get a better deal.

47. QUESTION:
    Is there a U.S Gold buyers in Florida? if so where can I find it?
    Or any other business that buy scrap gold in FL?

    • ANSWER:
      Yes,many depending upon where you live
      Simply do a google search for "gold buyers (your city, FL)

48. QUESTION:
    How can I protect my family from an assault?
    We have been in the buying gold business for about a year or so. And the business had been going pretty well. But last night some strange guy came into our home telling us that he was homeless and that he wanted to sell us a combo of bracelet and chain all to give his "kids" some food to eat. Now, in about 505 houses in my neighborhood he had to chose my house to sell me that combo. Not a lot of people know that we buy gold, it couldn't be coincidence he has to know something and he seemed pretty strange to me. The chain and bracelets where fake though, i knew it the instance I touched them. I am really scared about my family. I am trained in Tae Kwon Do and Aikido for about 2 years I know I can take care of them but what if he has a gun or something. Please help.

    I am 15 years old and don't tell me to call the police, believe me, here in Puerto Rico they are more different than in the U.S

    • ANSWER:
      This sounds like something your parents should be worrying about. You should have some kind of emergency plan if someone strange comes to the house. Talk to your parents about it. Get their feelings. Maybe someone in your household should get a gun.... Now saying all of that, I still think it is your parents that should putting the plan together. It is their job to protect their family.... good luck!

49. QUESTION:
    The Perfect Business! At The Perfect Time!! But Why Aren't People Buying into it?
    I recently found out about a Network Marketing business that just started up, but people aren't buying into it? I have been reviewing all the facts about this business recently. To me it seems like a gold mine. It has the ultimate product to help ease the retention that our country is in right now! It is cheap to join and the compensation plan is amazing! But everyone I tell about it doesn't like the idea. So my question is this. What does it take for a small business to succeed right now? I mean it was Donald Trump and Robert Kiosaki that said there is no better time to get in on(or start) a small business right now. With how bad of shape the economy is in and all. I would assume that people would try to find something to supplement their income. So does anyone know what it takes to succeed at something like this?

    • ANSWER:
      Ever hear of the term "You can't sell a steak to a vegetarian"?

      Network Marketing is NOT for everyone. Same goes to say that balancing your check book and paying off your credit cards every month.

      Regardless of what people say. There is money to be made in network marketing. You are probably not getting the attraction you desire mainly due to the fact you are "chasing" down your prospects.

      People don't like to be sold but they like to buy.

      Stop trying to force a business opportunity to people who don't want to work a business. Many people are content with just working a 8-5 job clocking in and out and getting their 3% raises every year. You can't change that mentality no matter how much money your business can earn.

      Get good network marketing training to learn HOW to attract your prospects and you won't have to hear the rejection of chasing people down.

      Engineering Your Success,
      Lawrence Tam
      MLM Engineer

50. QUESTION:
    How do we best use our money to destabilize the Obama regime?
    Will it hurt Obama if I pull my money out of my investments and stick it under the mattress or buy gold with it?
    Should business owners enter a pact to not hire anyone until Obama is out of office? I know I won't. We need to send a message to people that voting against us has consequences. What other things can we do to make him fail?

    • ANSWER:
      Unfortunately Barack Obama listed The Reverend Wright as one of his spiritual advisors.

      Unfortuantely the reverend Wright made some speeches that were recorded.

      In those speeches, the Reverend Wright says that the attacks on the World trade Towers and the resulting deaths of over 3,000 civillians were justifiable retribution against us in The United States for our sins.

      Unfortunately, when you list someone on your website as one of your spiritual advisors many people will take that to mean that you agree with all of their views.

      That is certainly the case in Presidential Politics.

      I will guarantee you that if Barack Obama is nominated as the Democratic Candidate for President of the United States, the McCain people will be running advertisements every 15 minutes of the Reverend Wright making those statements.

      On the screen will be videotapes of people jumping to their deaths on the pavement below rathe than be burned to death in the Towers.

      Also on the screen will be pictures of Barack Obama.

      The pictures will be designed to associate Barack Obama with the statements of the Reverend Wright saying that this was justified because our bad behavior. This will not only outrage most Republican voters, it will outrage at least 30% of Democratic Voters.

      The McCain people will then askyou if you really trust Barack Obama to protect you as the Commander in Chief.

      In my experience in past elections at the Presidential lever approximately 30% of the registered Democrats can be persuaded to vote for the Republican with this approach.

      That is what Ronald Reagan did to us in The Carter administration after the hostage crisis in Iran.

      And the Iranians did not even kill any of the hostages!

      Welcome to the real world or Presidential politics.

      The statements of the Reverend Wright will cost Barack Obama at least 30% of the Democratic vote after the McCain people are through hyping the daylights out of this.

      The defection of 30% of the Democrats will be sufficient ot cost Barack Obama the election and give the Presidency to John McCain.

      John McCain will get about 25% of the vote from the Republicans. George Bush has blown it so badly that only the most hard core Republicans will vote for John McCain. That is approximately 25%.

      Unfortunately with the Reverend Wright's statements John McCain and his supporters will be able to take approximately 30% of the Democrats who believe that National Security is very important.

      That will give John McCain 55% of the vote and the Presidency.

      Unfortuantely that goofy Reverend Wright has just cost Barack Obama the election.

      Barack Obama could have made history.

      It is a shame that the Reverend Wright ruined it for him