How to make money from Gold Business
Uploaded by tamimsarwarzad on Nov 01, 2014
How to Make Money from Gold Business
Everyone wants to be a rich person and think about a way to make money. One of the ways that people make money is gold. Gold is something that everyone is familiar with this metal, or we can say cash because any time that a person wants money he or she can sell the gold and take cash. Also, a person can make money from gold business. Everyone can do this business like others, but there are many ways that people make money from gold business.
One of the ways that people make money by gold business is jewelry shop. In Afghanistan if a person wants to have a gold jewelry shop, the money for investment is starting from one hundred thousand US dollars for small shops, but for big shops the amount of money should be more than that. Nowadays, most jewelers have one or two partner in their shops. In this type of gold business jewelers sell jewelers to customers with 5 to 20% more or less than its actual price, and the percentages are different in cases of selling, changing, or buying. When jewelers sell their own jewelry like ring, earing, necklace, bracelet, crown, chain, or else then they take 5% to 10% more for manufacturing wages. Another way, the percentage of old gold for changing with new one is 15% less than the price gold or price of day for a jewelry( price of day is the price of eight kinds of gold such as 24kart, 22kart, 21kart,19kart,18kart,17kart,14kart, and 10kart gold. Also, the price is changing day by day, and jewelers take the price from Bloomberg TV cable channel, from http://www.kitco.com, http://www.google.com, and Tolo TV). Jewelers buy old or broken gold from customer 20% less than price of day. Increasing of price gold day by day is also a benefit for jewelers because they buy cheap and when the gold price go up jewelers sell their gold on price of day and it is a big benefit that they have but sometimes gold price decrease.
Another way, that people make money from gold business is travel from Dubai to Afghanistan with gold. This is the way for people who are busy and people with fewer assets. In Dubai the manufacturing wages are fewer than Afghanistan. Also, the difference between Afghanistan and Dubai price is start from two up to...