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slightly off topic

cartermurphcartermurph Posts: 141
in Precious Metals
Has anyone ever given any thought toward opening a B M bullion shop. In such a venture what allocation of bullion would you need to have on hand....$20,0000 gold $10,000 platinum $30,000 silver $5,000 90%. Anyones input would be appreciated.

Comments

  • AgBloxAgBlox Posts: 744 ✭✭
    Too small of spread to make any cash selling only bullion I would think.
  • cartermurphcartermurph Posts: 141
    I'm sure over time you would take in coin collections, to stock the shelves with. For cash and carry bullion do you think my numbers would be a start. Pageing captain henway, I think he owns a b m.
  • cinman14cinman14 Posts: 2,489 ✭
    My local B@M has practically turned into a bullion store.. I never see anyone looking at the coins he has stocked...
  • cartermurphcartermurph Posts: 141
    I just came home, expecting there to be some responses to my post.... crickets chirping
  • SUMORADASUMORADA Posts: 4,797 ✭

    IMO that is not enough $$$......I would think you would need 10x that at least.
    coins on ebay
  • cartermurphcartermurph Posts: 141
    Even using Gainsville coins or Tulving to keep the stock up. Where I live the B M never has anything except junk bullion rounds. I'm sure after sometime stuff would start comeing in over the counter.
  • cartermurphcartermurph Posts: 141
    If you always bought at spot and sold at a consistent spread could you generate loyal customers. helping to make your buisness through volume.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    You'd have to have a lot of foot traffic. The current BM would meet your prices once he had competition.
    Avid collector of GSA's.
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