I have been reading your suggestion and advise in connection with the dealing of gold business with seller & buyer’s. May I ask you a question that, if a buyer or seller deceive a broker from paying his agreed commission. How the broker can realize the commission from the buyer or seller please advise.
Brokers do not make money in the gold business unless you work for a company that sells bullion, possibly a refinery, jeweler or manufacturer. Miners do not need / use brokers at all. In fact no one that has gold needs the help of anyone to sell it. Precious metals are actually NOT commodities such as wheat, sugar rice in the fact there there is NEVER an abundant supply that requires a sales force (brokers) to help “sell” precious metals. Precious metals are actually MONEY. They can be fashioned into legal tender. No other class of commodities in their raw form be simply stamped into money.
Not only that, the margins are VERY thin. Gold out of the ground, for example can be sold for -2 to -3% below its actual value. There is no room for a broker to even make any money. The idea that gold sells for some kind of significant discount is where the problem begins. Gold is not perishable, is sold for at or over it’s value, depending upon it’s form i.e. jewelry, never is there an excess or over abundance in a way that would cause there a reason to offer gold at “sale prices”.
Let me ask you something – if you needed to change British Pounds into USD – do you need a broker to help you, or can you locate a place by yourself to trade Pounds for USD? Now the location that facilitates the money exchange does charge a very small fee to facilitate that transaction – and that is exactly how it works when you want to trade Gold for Cash! No one needs and help because there are hundreds of thousands thousands, perhaps millions of places on the face of the earth where you can trade Gold for Cash.
You need to look for an actual commodity to be a broker for. Being a broker is certainly difficult, but being a broker of precious metals is darn near impossible. NO ONE needs your “help”!!