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ID: +R9SSPNW/biz/60531655#60532006
6/22/2025, 1:38:00 AM
>>60531776
>how easy is it to setup a gold/silver shop?
Most likely absolutely nightmarish. You got a combo of countless legislations around PMs + legislations on historic artifacts + legislations on legal tender (demonetized or not). Then you are shuffling around a LOT of liquid cash, so the IRS will be on your back all the time. On top of that the banks (and by definition, the government) hates & fear you, so they will investigate + debank you at any occasion they get.
Plus the constant risk of getting robbed by criminals. Plus your buybacks coming from home breakings and thefts who will be seized by the cops as evidences (good luck getting anything back).
On top of being a brick and mortar business, which are dying beasts and getting taxed like hell both locally & federally (and it will only get worse).
And above all, how much cash do you have ready for that? Since banks hate you they wont loan easily. And after all the costs tied to the shop and it's maintenance, you have to buy a stock. You must have anything from dimes to 10kg bars. In both gold & silver + all the collectibles (where you will make the money). Imho you need at least half a million to get started and last a year with no salary, once you add all the costs, 500K probably is on the low end of LCS.
>how easy is it to setup a gold/silver shop?
Most likely absolutely nightmarish. You got a combo of countless legislations around PMs + legislations on historic artifacts + legislations on legal tender (demonetized or not). Then you are shuffling around a LOT of liquid cash, so the IRS will be on your back all the time. On top of that the banks (and by definition, the government) hates & fear you, so they will investigate + debank you at any occasion they get.
Plus the constant risk of getting robbed by criminals. Plus your buybacks coming from home breakings and thefts who will be seized by the cops as evidences (good luck getting anything back).
On top of being a brick and mortar business, which are dying beasts and getting taxed like hell both locally & federally (and it will only get worse).
And above all, how much cash do you have ready for that? Since banks hate you they wont loan easily. And after all the costs tied to the shop and it's maintenance, you have to buy a stock. You must have anything from dimes to 10kg bars. In both gold & silver + all the collectibles (where you will make the money). Imho you need at least half a million to get started and last a year with no salary, once you add all the costs, 500K probably is on the low end of LCS.
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