The gold trade is heavily regulated to prevent fraud and money laundering.
: Common sources include buying scrap jewelry from the public, attending estate sales, or working with a network of "scouts" who find scrap gold. buying and selling gold business
The primary way to generate profit is through the —buying items like jewelry, coins, or bullion at a wholesale price (often below the current market "spot" price) and selling them to a refinery or retail customer at a higher margin. The gold trade is heavily regulated to prevent
: Acquired gold is typically sold to refineries for bulk processing or directly to consumers through platforms like eBay or specialized marketplaces. Legal & Regulatory Compliance attending estate sales
: High-volume transactions and rapid turnover are more critical for stability than speculating on gold price fluctuations.