How to Make Money Buying Selling Gold

Invest in a gold testing kit and scale. You will need to test the gold that you agree to purchase before purchasing. You will also need to weigh the gold as you will be purchasing by weight. You will also need to start with some cash on hand to make your first purchases.
Have a gold party. Ask friends and family to gather together and bring old jewelry they do not want or scraps of gold. Test the gold and offer an amount to the owner that is less than what you can get for it, so that you can later sell it. A good incentive for a hostess to have a party is to offer a small percentage to her as well.
Advertise yourself as someone who buys scrap gold. You can have business cards, use word of mouth from the parties, or create flyers that give information on how someone can earn money bringing you scrap gold.
Have relationships with local pawn shops. While many of them may be buying and selling gold for their own profit, some may find it too tedious and decide not to. Offer your services to take any scrap or unclaimed gold off their hands.
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