How to build online wealth? Most of you have a lot of answers to this question.
A lot would assert affiliate marketing as the best option for monetization. Some would suggest service provision and advertising are great ways of becoming rich while on the internet.
Don’t get us wrong. All of these strategies are great. There are a lot of success stories that can be attributed to these monetization methods. Furthermore, they are downright legitimate–well, at least most of them.
However, if you want to go with some other ventures, there’s one thing that we can recommend to you: gold! That’s it!
You see, investing in gold and generating income out of it are very doable things. All you need to do is to get educated and find the right companies where you can get your gold supply.
But how can you build online wealth with gold? Read on to find out the answer.
There are a lot of businesses that can be started with the help of gold. The most apparent one is buy-and-sell. It is an excellent venture if done properly.
After all, the price of this particular precious metal is extremely stable. It doesn’t plummet immediately compared to traditional currencies and assets.
The stability of gold is one of the reasons why many investors see it as a hedge for inflation and other economic downfalls. It serves as insurance whenever the value of your traditional asset classes got curbed.
Buy-and-sell is a great business. It allows you to earn from the items that you sell without having to compromise your initial capital. If the product that you are selling is in demand, you can expect that you can have greater yields in the long-run.
Gone are the days where you have to promote yourself through paper pamphlets and other old-school methods of advertising. You have the internet at your disposal.
Any time of the day, you can do promotional runs. There are a lot of tools that you can utilize to get this done. You can make an excellent website with a high-converting landing page.
You can also maximize the potential of your social media accounts.
Now, if you can combine these efforts with your buy-and-sell business, then chances of earning profits will elevate significantly. Your online wealth begins when you can implement effective strategies in marketing your business.
Regardless of the nature of your business, the right marketing can make it bloom.
Gold buy-and-sell is not new to us anymore. However, this doesn’t mean that it is not profitable already. Otherwise, jewelry shops should not exist today. The world has a lot of need for gold. Having it is already a sign that you have affluence that you can put on the line.
And just like what we have emphasized, you have the internet at your disposal. There are numerous strategies that you can do to make your business work.
How Much Can You Earn From This?
The price of gold changes almost daily. You can know this by checking out their spot prices, which are commonly posted on news channels, online bullion traders, and other related websites.
There are changes that you can expect on the price of this commodity. However, the fluctuation is not that overwhelming. Typically, gold maintains a steady cost, except on instances where certain global events influence it. Overall, it remains stable.
You can always buy gold to the price of 10% to 20% of their original value. That’s not a cheat already, especially if the gold that is being sold to you requires heavy processing before they can be resold again.
Take note that some pawnshops can purchase gold for approximately 30% to 35% of their current spot prices. Meanwhile, some dealers settle on the price of 50% to 60%. That’s already a decent deal.
There’s a lot that you earn from this, let us give you an example:
A person has sold two ounces of 14k gold, which is around 58% gold. The rest of it is alloy so that it can have a brimming color or hardness.
Based on experience, two ounces of 58% of gold will give you 1.15 ounces of pure and fine gold. Let us assume that you are going to pay the person 50% of the spot price.
By the time this article is written, the spot price of gold plays approximately $1,4000. Therefore, the overall amount that you are going to pay the person plays around $816. That’s not bad already.
The real money comes in once you are going to sell the gold to refiners. Most of the time, these refiners pay 95% of the actual spot price. If you do the math, you’ll realize that you are earning big per transaction that you make.
Earning Wealth Through Gold IRA
There are other means on how to build online wealth through gold. The most basic, and preferably the most doable, is having a gold IRA account.
Right now, most of you feel that investing in gold is quite an overwhelming movement. That’s completely understandable. The price of gold per ounce is not a joke after all as these are precious metals.
Fortunately, even ordinary individuals have the opportunity to get them and that is through gold IRAs. Gold IRAs is a type of self-directed IRA that gives people the opportunity to acquire precious metals with the use of their 401(k) accounts.
Investing your savings on conventional IRAs is not that recommended, especially that they only entitle you to traditional assets. These assets, like stocks and bonds, are quite susceptible to the volatile changes of the economy.
We are not saying that you are going to invest your life savings to these precious metals fully. Instead, we are just suggesting that you diversify your portfolio. In this way, even if there are economic crises, all of your assets are adequately protected.
You can make the purchase through the use of rollover services. They are typically provided by reputable custodians who also belong in the professional bullion market.
Once your assets are already protected, you are free to grow them already. You will have less fear in investing and taking new ventures because you have an IRA account to rely on.
Securing your assets is already an act of building wealth. You have a kingdom that doesn’t crumble. You have a steady ground where you can establish new ventures and opportunities.
You are growing your wealth in a way that it doesn’t lose to inflation and other economic adversities.
The best news here is that you can have your gold IRA without any hassle. Various IRA custodians are operating in the online platform already!
Have Regal Assets As Your Partner for Growing Your Wealth
Do you remember Regal Assets? If you want to have a 401(k)/ IRA rollover, then you should trust them. This is a legitimate entity that operates in the professional bullion market.
They have an online site that caters to the various needs of investors who want to have gold, silver, or any types of precious metals. They also offer other unique assets like cryptocurrency for your IRA rollovers as well.
Regal Assets is considered a globally premier dealer of precious metals and other expensive commodities. The company also offer high-quality and hassle-free rollover services.
They act as custodians and ensures that what you get from them are self-directed IRAs. Transacting is not difficult as they have responsive customer service agents and highly efficient online processes since their website is optimized for it.
The company has been acknowledged by Forbes, Huffington Post, and Smart Money. It also ranked by the INC 500 as among the top-performing businesses in the financial services category.
With all of these recognitions, it is not hard to trust Regal Assets, go get your FREE Gold Kit HERE!
If you want to learn how to build online wealth, better have Regal Assets as your partner. They have been our #1 recommendation for your gold and precious metal needs since the birth of our website here.