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If you are a gold buyer, pawnbroker or jeweler who purchases scrap gold, or thinking about getting into the precious metal industry this book offers great insight and tips for buying, testing and selling gold and silver.
Learn how to calculate the price of gold using spot pricing and the karat. Calculate prices for buying from the public and other dealers. Knowing how to properly calculate the price can lead to a successful and profitable gold and silver buying business.
Learn about the different karat options when it comes to gold and silver jewelry. The gold contained in the piece you are buying determines what karat the piece is. Learn the difference between 10K, 14K, 18K, 22K and 24K or Fine Gold, as well as Sterling Silver and Fine Silver.
In addition to Gold and Silver Buying Tips, discover ancillary business opportunities when it comes to dealing with scrap metals including selling your diamonds, reselling branded pieces through online platforms and more. You'll want to read this book at least twice!
The author, Rafael Amador is a seasoned professional who has been in the precious metals industry since 2004. His experience in operating the largest gold buying company in the country at a time in his career allowed him to gain true hands-on experience in buying, testing, and selling precious metals. Considered to be an expert in the field, his insight is invaluable to many in the jewelry, gold buying, and pawn industries who know and work with him. He often visits jewelers and pawnbrokers offering advice on gold, silver, platinum, and palladium testing. The tips contained in this book offer a wealth of information for anyone working in the industry or looking to learn.
Standard Operating Procedure for Gold Testing & Training Your Team.
GOLD TESTING SOP (pdf)
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