Getting to know your gold business from the up coming new publication

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Sell Gold And Grow Rich new publication Available 10-6-2013

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Getting to know your gold business from the up coming new publication

  1. 1. Getting to know your business: Here is where you begin your understanding of gold purity and how this affects your bottom line; gold is mined from many geological regions of the world by both large and small mining operations. For accuracy the focus of this book is the targeting of small and midsize mining operations globally who have merchandise for sale on the open market. The geological deposits from small to midsize companies are more often from the alluvial type; alluvial is easier to mine as it is a surface to subterranean deposit which can encompass very large areas of land. Alluvial gold deposits are fine sand like material to nugget size structures; and as you can see, such fine material requires a great deal of work to unearth and separate from other mineral deposits before the product can be processed into usable form.
  2. 2. Now let us look at the purity chart of alluvial gold percentages: o 24 karat gold is pure gold o 22 karat gold contains 22 parts gold as including 2% or more metals or minerals which would measure its purity at 91.6% gold o 18 karat gold contains 18 parts gold as including 6% or more metals or minerals which would measure its purity at 75% gold o 14 karat gold contains 14 parts gold as including 10% or more metals or minerals which would measure its purity at 58.3% gold o 12 karat gold contains 12 parts gold as including 12% or more metals or minerals which would measure its purity at 50% gold22 karat gold contains 22 parts gold as including 2% or more metals or minerals which would measure its purity at 91.6% gold o 10 karat gold contains 10 parts gold as including 14% or more metals or minerals which would measure its purity at 41.7% gold Utilizing a mathematical formula to determine the current gold monetary value: o 24 karat gold, multiply it times the current spot price for grams, oz. or kilograms for the daily value which changes every few minutes and even seconds. o 22 karat gold, multiply it times the current spot price for grams, oz. or kilograms for the daily value using this formula .91.666.times the current spot price. o 18 karat gold, multiply it times the current spot price for grams, oz. or kilograms for the daily value using this formula .75 times the current spot price o 14 karat gold, multiply it times the current spot price for grams, oz. or kilograms for the daily value using this formula .5883. times the current spot price o 10 karat gold, multiply it times the current spot price for grams, oz. or kilograms for the daily value using this formula .4167. times the current spot price These are very basic numbers to work with, practice these numbers regularly to help you financially project cost and profits.
  3. 3. As a precious metal Agent/Consultant it is best for you to set up a business structure from which to operate from; this necessity will support your professional image and ability to engage with other businesses properly. Acting as an individual in this industry isn’t an issue, but can cause problems in the long run. How? Business to business transactions are the norm, person to business transactions cannot fully employ the vast array of security redundancies which business to business interactions can implement for secure sell purchase agreements within the precious metals industry. Furthermore most companies will not do business with the public at this level; thus it highly advised that the new Agent/Consultant establish a legal entity for all business purposes. Your business structure should include: o Choice of an LLC, LP or similar legal structure o Business bank account o Business stationary o Access to your banks business banker o Wire transfer set up with your bank which should have over one million dollars which can be wired from anywhere in the world as a matter of record documented with your bank on record. This is good start to work from as a new Agent/Consultant; also keep in mind that wherever you may reside in the world, each nation has a legal entity similar to an LLC (limited liability Company) Establishing a legal entity works in the best interest for appropriate representation of yourself and your business to other businesses within the industry.

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