The What Sold Podcast - Episode 46 - The World's Largest Flea Market and Unlocking the Gold Rush: Sourcing, Selling, and Myths About Gold
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In this episode of the What Sold Podcast, hosts Brandon and Matt delve into the fascinating world of sourcing and selling gold. Matt shares invaluable insights on understanding gold's current market value, determining authenticity, and the business math involved in making profitable sales. They discuss various pitfalls, such as dealing with pawn shops, and highlight the quick turnover of gold products. Toss in Matt's experiences from a recent California trip and a story about managing a customer dispute on eBay, this episode is packed with practical advice and engaging anecdotes for both novice and seasoned sellers. 00:00 Introduction and Banter 01:23 Matt's Alter Ego: The Merchant of Madness 02:16 California Trip Recap 02:51 Sourcing Adventures in Oakland 04:42 Challenges of Sourcing on Vacation 10:34 Recent Sales Highlights 13:06 Understanding the Market for Collectibles 17:44 Dealing with Difficult Customers 21:32 Handling Negative Feedback 22:33 The Anonymity of the Internet 24:41 Understanding Gold as a Commodity 27:24 Determining Gold Value and Pricing 32:23 Sourcing and Selling Gold 36:17 The Business of Gold 42:23 Concluding Thoughts on Gold
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Rusty the reseller:
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