51w
Startup cost: $100 - $2k
Gold/silver flipping is a side hustle that can be started with minimal investment but can scale up with more resources.
Low-end estimate: $100
High-end estimate: $2,000
Explanation: The low-end estimate covers basic tools like a digital scale, magnifying glass, and a small amount of capital to purchase initial inventory. At the high end, additional expenses may include a jeweler's loupe, testing acids, a safe for storing precious metals, and more diverse inventory. Optional expenses could also include a website for selling items or paying for marketing services. Hidden costs may include shipping fees, insurance, and platform fees for online sales. While it can start as a low-cost venture, expenses can increase as you commit more resources.
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