Quick Money: Your Thoughts?

[PAyoungin]

I have a good amount of money set aside to invest after recently selling several ounces of gold on eBay, but after doing so I realzied I could have made a few hundred dollars more selling it elsewhere. I am trying to get myentrepreneurial juices flowing!!
On eBay gold is selling $750-800/oz. but on other sites they are buying at around $1100/oz. So my idea is to buy gold from eBay and after getting it reselling it at a profit of $150+ in profit. Does anyone see any pitfalls to this plan besides buying fake gold? Are there taxes associated with this?! Where have you guys sold your gold to and at what percentage of spot? Thanks for your help.

PAyoungin

 

[jeff of pa]

Welcome Back
'youngin Havn't heard from you for awhile

In my opinion Muller Rare coins
is still you best selling point

http://www.mullerrarecoins.com/

Can't help on what the Tax payment starts at

However starting 2012 unless something is done
it will be $600.00

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=11843

Right now Gold is over $1200.
http://forum.treasurenet.com/metals

 

[PAyoungin]

Jeff! It has been a while..I hope all is well!

Here is what I am talking about:
It sold for $1125 for 54.5g of 14k
http://cgi.ebay.com/54-5-Grams-14K-...tem&pt=LH_DefaultDomain_0&hash=item19bd88d54d

On this Calculator it has 54.5g of 14k for $1792; after refining charges it would be worth $1452. That is still a $300+ profit.
http://www.midstatesrecycling.com/karat_kalc

Let me know what you think!

 

[DigginThePast]

No good. Check my post on your other thread.

 

[PAyoungin]

Hahahahahahahaah THANK YOU!
I cant believe I have been doing that all along!
Thanks again!

 

[jeff of pa]

Although I do not Know what post
DigginThePast is talking of


Was just Going to Say,
I Am not Familiar with Mid State
Just be Weary of Hidden charges.
Make sure they are paying What you want.

at least with Muller
they will Show you their Price
than Hand you the Cash on the spot
if you agree.

No Worrying the check will come with a
last minute Decrease in what they Promised.

 

[DigginThePast]

Easy to do when new to this stuff and sometimes when around it for a while. A pennyweight is a little over 1.55 grams.

Jeff, this one:
http://forum.treasurenet.com/index.php/topic,334164.0.html