Selling Gold and Silver for Fun and Profit on Ebay
I just read a very good, in depth post by Erik Vossman about how he makes money by selling gold and silver bullion on eBay. It’s a really interesting concept; if you can get the bullion from a mint or reseller at roughly market price (with a small premium on top), you can turn around and sell it on eBay for as much as 30% above the market value.
It seems like a good venture idea - with a weaker economy, people are investing in gold and silver at greater rates than ever before. Erik’s article is almost a year old, yet in that time, the value of both Gold and Silver have jumped by nearly 50%.
Check it out - it’s a good read, and provides some great information on how to get started at a low initial investment!
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That is one of the many myriad ways you can invest in precious metals. I discuss a couple others at Gold Investing Resource including the ETF funds that can be bought like stock that track the price of Gold and also another that tracks the stocks of Gold Miners rather than the metal itself. As gold goes up so do the miners stock value.
Hey Brian-
It’s actually up 100% since I first decided to sell on eBay. I shoulda stuck with it, but shipping from Hawaii really cuts into profits.
Also, the second time I decided to head into it was when the Silver market was swaying $2 a week. Not a good time to be doing it. However, the prices have been fairly steady over the last 3 months so I would imagine this would be as good a time as any to get into it.
If you can swing 100 1 ounce bars, buy em and try it out. It’s a bit of time to sell them, but you have a product that has some investment value as well as resale.
Try it out.
E