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

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.

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


which would measure its purity at 75% gold




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



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.


for the daily value using this formula .91.666.times the current spot price.


for the daily value using this formula .75 times the current spot price


for the daily value using this formula .5883. times the current spot price


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.

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.