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Introduction to gold trading

Introduction to gold trading

We all have the idea that goldsmithing is a very high income, that goldsmiths are rich people whose money is rising from the ocean. Of course, this is not true! Experienced goldsmiths in big cities generally have very high incomes; but to reach this position, they have worked hard. Goldsmithing may be a luxurious job, but without experience and learning skills, you cannot succeed in it. In addition, starting such a job requires a lot of initial capital. Goldsmithing is not like other jobs that you can think of starting with a small capital. This job has several initial stages, without which you will never succeed in creating your own business.

Is goldsmithing a good job? First, we want to give a comprehensive answer to the question “Is goldsmithing a good job?” The answer to this question depends on several factors. From the level of skill, literacy, and familiarity with sales techniques of the person to the amount of capital and the type of goldsmithing that he wants to start.
But in general, we must say that goldsmithing is definitely a good and lucrative job; because gold has a very high value and price and has always been welcomed by all segments of society in our country. In general, any type of store where all kinds of gold and jewelry, from ornamental artifacts to various types of Bahar Azadi coins and precious stones, are bought and sold, is called a goldsmith. A person who wants to become a goldsmith, in order to succeed in his job, it is better to work for a while as an apprentice in a goldsmithing shop to get acquainted with the basic principles of this work. This way, he can see the ups and downs of this job and then decide with an open mind and fully informed whether he wants to enter the gold sales business or not. No special education is required for gold sales. However, a high level of academic education can help a person analyze the market, draw a roadmap, and define short-term and long-term perspectives. A successful goldsmith is someone who is familiar with the following categories: Complete knowledge of gold carats Ability to convert Iranian carats to international carats (and vice versa) Knowledge of the difference in weight and scales of gold inside and outside the country Ability to identify and measure gold, platinum, and silver Complete knowledge of precious metals and their alloys (gold, platinum, and silver) Knowledge of the physical properties of precious metals (gold, platinum, silver) Knowledge of accounting science and gold calculation techniques Knowledge of gold coins Knowledge of types of precious stones Knowledge of the basics of marketing, sales, and customer service Knowledge of safety tips for jewelry stores Knowledge of the functioning of goldsmith equipment and goldsmith tools What are the branches of the goldsmithing profession? Someone looking to establish a goldsmithing business must go through a series of formal and legal steps. These steps include obtaining a business license, paying membership fees to the goldsmiths’ union, determining capital, purchasing gold, and many other things. But since there are different types of goldsmiths, setting up different models also has differences. For example, someone who plans to sell their products only online does not need a store, concrete walls, and bulletproof glass. But someone who plans to start a traditional goldsmithing business must definitely consider a neat, stylish, and safe store for their work. Below, we have introduced different models of goldsmithing jobs. Goldsmithing Shop If you choose a traditional goldsmithing job, in addition to all the things we mentioned above, you must definitely have a stylish and safe store. Concrete walls, bulletproof glass, an alarm, and CCTV cameras are among the most important things you should consider when setting up a goldsmithing business. The opening and closing of the entrance door of a gold shop also has its own system that you should consider at the beginning. Stylish decoration is one of the things that you should pay attention to in order to attract more customers. Also, all gold shops are required to connect to the 110 central intelligent system so that in case of any problem, the police can arrive at the scene as soon as possible. Gold banking Another model of gold shop is wholesale, which is called gold banking in the gold and jewelry market. Bankers are generally known as suppliers of smaller gold shops. All physical and online gold shops usually purchase their goods from gold bankers; they make their profit on the price of gold and then sell it. Quality gold shop Smaller wholesalers who have less capital in the gold market and whose job is to distribute gold artifacts in the market are generally called quality gold shops. These goldsmiths take the necessary steps to order and sell gold between physical and online goldsmiths in person and in person. Online goldsmith Online gold and jewelry stores are a new generation of goldsmiths that operate either independently or affiliated with a goldsmith shop. To set up online stores, a lower initial cost is required, because there is no longer a store and security costs. However, at the same time, there are other costs, such as producing trust-building content and creating a suitable platform to gain customer trust, that must be maneuvered.

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