36 Profitable Gold Business Opportunities

Updated: July 24th, 2023

Seeking to start a gold business but not quite sure what to start?

The good news is, there are so many opportunities to become an entrepreneur and build an innovative product/service in this line of work.

If you're looking to start your own gold business, there are several amazing options you can choose from.

We put a list together below of the most profitable gold business ideas you can start today!

Here they are:

1. Start a youtube channel

For anyone looking to start a successful YouTube channel, there are plenty of YouTube channel success stories that can be used as inspiration and encouragement. In addition, YouTube has an established monetization system and boasts incredible popularity, making it a potential platform for revenue generation.

In this article, we'll look at different approaches you can use to help promote your channel and grow your viewers. While there's no quick and easy way to success, you can take these tips to build your own YouTube Channel Success story. If you love content creation, you can capitalize on YouTube's popularity to earn extra income.

If you want to join the Youtube partner program to monetize your channel, you will need to reach a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months.

How much you can make: $800 — $4,500,000/month

How much does it cost to start: $500 (?)

How long does it take to build: 48 days (?)

Time commitment per week: Min. 5 hours/week

How This Couple Makes $5K/Month Generating Content About Ways To Make Money Online

Learn how this entrepreneurial couple made $5-7k a month by helping others find legitimate work from home jobs and creative ways to make money online through their blog and YouTube channel, as well as offering two flagship products designed to help beginner freelancers and new bloggers accelerate growth.

Chhavi started Mrs Daaku Studio over 5 years ago
Chhavi grew the business to $5K/month
It cost Chhavi $500 to start the business
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2. Start an online gold dealing business

3. Become a gold researcher business

4. Start a gold safe keeping program business

5. Start a host gold forums business

How much you can make: $300,000/month

How long does it take to build: 60 days (?)

Tired Of Bad Hosting Services, We Decided To Start Our Own [Now A $3.6M/Year Business]

WPX, a WordPress hosting company, started as a side project bootstrapped with just a server and a few licenses, and is now a team of over 100, servicing over 11,000 customers globally, with an annual income of $3M, thanks to their consistent focus on providing fast, reliable service and tech support for non-techies.

Georgi started WPX almost 11 years ago
Georgi grew the business to $300K/month
It cost Georgi $10000 to start the business
Read by 3,214 founders

6. Start an authorized gold purchasing business

7. Start a senior gold mining business

8. Start a host gold parties business

9. Start a direct gold ownership business

10. Start a pawn shop

A pawn shop is a retail establishment that offers secured loans to customers in exchange for personal property, such as jewelry, electronics, and firearms. The business model is simple: customers bring in items of value, and the pawn shop provides them with a loan. If the customer repays the loan, including interest, within a specified period of time, they get their property back. If they don't, the pawn shop keeps the property and resells it.

Pawn shops have been around for centuries and have a reputation for being a bit seedy and serving only the most desperate customers. However, with the rise of reality television shows such as “Pawn Stars” and "Hardcore Pawn,” people are beginning to see pawn shops in a different light. Today, many pawn shops are clean and well-lit, offering high-end items such as designer handbags and watches.

To start a successful pawn shop, it's essential to understand the value of the items you will be buying and selling. It's also essential to have a good relationship with your customers and to be willing to work with them to find a loan solution that fits their needs. Additionally, you should always comply with all federal, state, and local laws.

One of the most exciting aspects of a pawn shop business is the ability to buy items at a low price and then resell them at a markup. It’s the perfect opportunity for an entrepreneur with an eye for a bargain and a knack for selling.

Another critical aspect of running a successful pawn shop is to create a safe and secure environment for your customers and employees. Properly securing and monitoring your inventory and implementing security measures to protect your staff from potential harm.

Overall, a pawn shop can be a great business opportunity for anyone interested in buying and selling value items. A pawn shop could be the perfect business for you if you have an entrepreneurial spirit, a good sense of value, and a willingness to work with customers.

11. Become a gold speculator business

12. Start a gold streamer business

13. Start a raw gold selling business

14. Start a gold reseller shop business

How much you can make: $30,000/month

How 2 Broke Students Went From An Idea To $30K/Month In The Jewelry Industry

Case study: How two entrepreneurs went from a crazy idea to making $30,000 per month in just 8 months selling gold-plated moissanite hip-hop jewelry, utilizing SEO to scale their business and surpassing 10,000 organic monthly visitors.

Joosep started RENAAR LLC about 1 year ago
Joosep grew the business to $30K/month
It cost Joosep $60000 to start the business
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15. Start a gold exchange-traded funds business

16. Start a gold mining business

Gold mining is a global business with operations on every continent except Antarctica. Demand for gold will continue growing. More than 90% of mined gold goes into jewelry, bullion, and coin making. The precious metal is also used in cosmetic dentistry for dental fillings and crowns as it is non-reactive and easy to insert into the human body.

If you plan to start a gold mining business, start small and expand as needed. Discover a valuable gold mine and claim its ownership. Register your gold mining company and ensure you have met all legal requirements and insured the business.

17. Start a local gold dealing business

18. Start a goldsmith business

19. Start a gold options trading business

20. Start a gold purification business

21. Start a gold plated jewelry making business

How much you can make: $16,700 — $416,667/month

How much does it cost to start: $7,500 (?)

How long does it take to build: 545 days (?)

Starting And Growing A Jewelry Business To $4.6M/Year

Taylor & Hart CEO Nikolay Piriankov tells the story of the company's journey from a diamond trading business to an award-winning, disruptive e-tailer of custom-designed, ethical engagement rings and fine jewelry, offering a bespoke design service through specifically developed technology online and instore, and growing to £4-6M in annual revenue.

Nikolay started Taylor & Hart over 10 years ago
Nikolay grew the business to $385K/month
Read by 18,893 founders

22. Start a host gold coin shows business

23. Start a gold coins collecting business

24. Start a gold casting business

25. Start a junior gold mining business

26. Start a gold teeth business

27. Start a gold flipper business

28. Start a jewelry inspection business

29. Start a gold test kit business

30. Start a gold bar business

31. Start a sovereign gold bond scheme business

32. Start a professional jewelry scale business

How much you can make: $60,000/month

How long does it take to build: 180 days (?)

I Grew My Traditional Jewellery Business To $480K/Year By Selling Online

Lily Blanche founder, Gillian Crawford, grew her jewelry business to a £480k annual turnover by shifting focus to ecommerce, building her brand, prioritizing customer service, and utilizing a mix of word of mouth, email, social media, and paid traffic channels to drive sales.

Gillian started Lily Blanche almost 8 years ago
Gillian grew the business to $60K/month
It cost Gillian $25000 to start the business
Read by 3,425 founders

33. Start a gold valuation business

34. Start a gold mutual funds business

35. Start a goldsmith training center business

36. Start a scrap gold recovering and selling business

meet the author
Pat Walls

I'm Pat Walls and I created Starter Story - a website dedicated to helping people start businesses. We interview entrepreneurs from around the world about how they started and grew their businesses.