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Depends on where and how much. Most private investors simply buy what they can when spot prices are low and hold as long term way of storing their wealth.

In many cities, the governments are licensing, taxing, controlling and fining people who buy and sell precious metals. For example, in Madison Wisconsin, it's a big deal and quite expensive...

http://www.cityofmadison.com/clerk/secondhandDealer.cfm

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12y ago
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5mo ago

In most countries, including the United States, you do not need a specific license to sell silver and gold as long as you are selling it in the form of jewelry, bullion, or coins. However, if you are buying and reselling precious metals in large quantities or operating a precious metal refinery, you may need to obtain a license or permit from your local authorities to comply with regulations. It's important to check with your local government or regulatory agency to ensure you are in compliance with any licensing requirements.

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11y ago

yes i would like to open store in pa and buy and sell gold and silver

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Q: Do you need a license to sell silver and gold?
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