what he means is you will be competing with all the we buy gold places. You will need a way to test the gold you find on CL and get a buyer for it. basically you will have to buy it at a percentage of its value and sell it to someone for a higher percentage. Ill give you an example. Lets say someone wants to sell you a 14k gold necklace. Its weight is 1 toz. Its scrap value with gold at $1700 toz will be $991. Now no place or refiner is going to give you that for it. Like the buyer I use here in denver pays 95% of spot. So my buyer would pay me $941. Now my buyer pays me on the markings. If the gold piece doesnt have the K marking to tell you what it is you will need a way to test it. Hope that helps. You can make good money buying and selling gold but can lose alot if you dont know what your doing. Personally on CL I have gotten some gold and silver from there but Its usually only on about a 5 to 10% margin.
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