Just thought I would share a little method I've been semi involved in on and off for 5 years or so. It will not ever be too crowded, this is a method used for 1000's of years. Just made easy with modern communication. This has been used through the recession but now as we look to be going into ANOTHER dip worldwide prices will only climb, they are lower now than they have been in recent time. You will need cash to start up here. Also common sense and a decent calculator and head for figures. Also go and hit ebay for a cheap set of precision scales. You want it to measure grams but also grains can't hurt. Basic method: 1. Go to yell.com and grab all the phone books you can. Your going to spend 2/3 days on the phone looking for the best price you can on a gram of scrap gold. Try pawn shops, jewellers and even some places jsut do this! Prices will vary month to month slightly. After the first month keep the names of the top 10 prices and focus on these to see how prices are changing. Get a price for 9ct and 18ct. These seem more common. (I'm no expert) Stay local, if you can get paid cash it will help you with taxes. 2. Once you got some prices go hit ebay. Search for scrap gold or broken jewellery. Condition does not matter, you want proof of how much it weighs and whats the gold content (9ct ect) 3. Work out whats your maximum you can spend per gram to make a profit locally. Don't go above this and head to ebay. Typically the more scrap in an auction the better price you will get per gram as less people will bid, because of the increased price. You want to target this. Remember to consider delivery charges. 4. Win the auction under budget, take the gold to the store. Cash in Rinse and repeat.