Gold smelting business plan

Apply for your state tax ID number at govspot. If you are persistent, you can find a business mentor who is willing to help you out. Related Articles on Starting a Company These additional resources regarding starting a business may be of interest to you.

gold refining kit

In this example, you will be able to work at home, in an office, or out in the field. Tips Read trade publications to get a feel for how the business works.

gold mining business plan pdf

They provide, for example, financing and delivery of the physical metal. They will have a relationship with a bullion bank and say, for example, "I would like 2 tons of one-kilo gold bars at a Bullion banks are the middleman of the gold world.

Your business plan should explain how you will get customers i. Try our link below to get a list of local competitors near you.

Small scale mining business plan doc

Only refiners approved by the LBMA. Users borrow gold to avoid the risk that gold prices may move against them. Think of it like a pyramid structure: the chairman nominates a price, and the five members pass this information down to their clients, who pass it to other interested parties. There are lots of different gold prices around the world, so why doesn't gold trade at wildly different prices? Find your state and apply online. They trade gold on behalf of their clients miners, central banks, ETFs, jewelry and industrial manufacturers, etc. If they do not have that type of gold immediately available, but in another form different size bars, or different purity level , they can forward the gold they have to a refinery who is capable of refining the gold to the specifications the bank requires, and then ship it out from the refinery to the bank in India. Who can make these bars? Where gold is part of a portfolio, you need to have a way to value those assets. You might even find something that points you in a completely different direction.

Include how you plan to operate each day. Search in your area to find a gold refining business and try to work there for free until you learn the business.

starting a gold refining business

Make sure that you also inquire about discounts and other products that may be available at no cost.

Rated 5/10 based on 23 review
Smelting and Refining Operations