Why Investing in Precious Metal Scrap with Your Family Members Can Increase Profits

Precious Metal InvestmentPrecious Metals InvestingRecycle Precious Metals
Written By Barry Lenson

“I was happy when my son decided to invest in precious metals with me,” says a man who lives in Maine. “But then I noticed that as soon as both of us were investing in gold scrap, silver scrap and platinum scrap especially, we started making a lot more money, well more than twice the amount of money I was making when I invested in precious metals all by myself.”

That is an interesting observation. It makes us see that although most precious metal investors like to go it alone – it can be a solitary hobby or business – there are some very good reasons to start investing with a relative or a business partner.

Today, let’s consider what some of those reasons are.

Your Partner Might Have Specific Knowledge and Abilities that Compliment Yours

Maybe you don’t know too much about shopping at online auctions, but your relative or partner does. Or maybe you are not free to travel to estate sales and other places where precious metals can be found, but your partner can.  The message is that when you work with someone else, you can more than double your ability to find and acquire precious metal scrap.

Your Partner Might Have Financial Resources that Can Add to Yours

If you work with someone else, you will become able to buy larger quantities of precious metal scrap, or buy more valuable scrap, than you could if you were investing on your own. Suddenly that high-potential batch of platinum lab equipment or other scrap you can buy for $500 is no longer out of your reach. And we know that when you invest more money, you often stand a chance of profiting more from your investments. Batches of gold scrap, silver scrap and even platinum scrap are suddenly more within your reach.

You Bring More Enthusiasm and Excitement to Investing

Let’s face it. Investing in precious metals can be a lot more energizing and exciting when you are doing it alongside someone else – your son, daughter, or a partner. Inviting them to join you in your hobby or enterprise can be a great way to get energized, involved, and make more money from your investments.

You Share the Costs of Investing

Renting a storage room in a self-storage facility will become more possible when you are sharing the expense with someone else. So will the expenses of safety deposit boxes, shipping, processing, and much more.

One Final Thought . . .

So the message is, you can enjoy higher profits and lower costs when you make investing in precious metals a family or partnership affair. However, consider putting your agreement to work together in writing. Who will pay for what? How much do each of you commit to invest every year?

Putting details like those into a written agreement can prevent friction and misunderstandings as you and your partner move further into investing. If the idea of making more money and enjoying the process of investing more sounds good to you, consider it.

And when you get those batches of precious metal scrap, give us a call at 800-426-2344 and talk to us. We are here to answer all your questions about turning gold scrap, platinum scrap and silver scrap into bright shiny cash.

Barry Lenson
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