The Gold Market: Strategies for Investing and Reselling with Trey Benedict

All the Hacks with Chris Hutchins

#206: Discover to secrets of gold investing, reselling, profiting and more with Trey Benedict. Learn the history of the gold market, how gold is valued, where to find opportunities for investing and reselling gold, the differences between the bullion and collector market, tips to avoid scams and so much more.

Trey Benedict is the CEO and Co-Founder of Pure Technologies, a platform bring transparency, liquidity, and technology to the gold industry. He has extensive experience from Heritage Auctions, Tangible Investments, and Kevin Lipton Rare Coins.

Link to Full Show Notes: https://chrishutchins.com/gold-investing-selling-buying-trey-benedict

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Resources Mentioned

Trey Benedict: LinkedIn

Pure (Up to $150 off when buying/selling here)

Coins

• American Eagle
• American Buffalo
• PAMP Lady Fortuna
• 230th Anniversary Flowing Hair

Coin Grading Companies: PCGS vs NGC

Costco Gold Bars: Price Guide and What to Know

PCGS CoinFacts

Heritage Auctions

Stack's Bowers

American Numismatic Association

Professional Numismatists Guild

ATH Episode #200: Debunking Tax Myths, Avoiding Audits and Maximizing Savings with Jasmine DiLucci

• Are Credit Card Rewards Taxable?

Full Show Notes

(00:00) Introduction

(02:14) Understanding the Gold Market

(04:50) The Many Different Reasons People Buy Gold

(07:11) Trey's Journey with Gold and Coin Restoration

(11:02) How Gold Is Valued and Priced

(13:45) Spot Price and Gold Trading

(16:13) Types of Coin Traders

(18:49) How Can People Invest and Make Money in Gold?

(22:49) How Often the U.S. Mint Releases Limited Coins

(25:22) Pure: A Marketplace for Gold

(35:38) Leveraging Discounted Gift Cards to Buy Gold

(37:12) Ways to Mitigate Concerns Around Buying and Selling Gold

(43:41) Vetting Coin Shops

(45:59) Can You Trade Your Gold Jewelry?

(47:13) Online Resources for Gold Info

(48:24) Things to Avoid in the Gold Market

Connect with Chris

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