**Frankie's Facts: Dealing in Gold & Precious Metals & Making Tons of Money** Is a practical manual for building a small, honest precious-metals business from the ground up. Written in plain British English by veteran dealer Frankie Fourfingers, it rejects get-rich-quick hype in favour of methodical discipline.
The book opens by distinguishing dealing from investing: the dealer profits from the buy-sell spread and stock turn, not from guessing market direction. It profiles the four main metals-gold, silver, platinum, and palladium-explains bullion forms (bars, coins, rounds, scrap), and demystifies spot prices, premiums, and thin retail margins.
A substantial portion covers bench skills: choosing and calibrating scales, using callipers, magnets, loupes, acid tests, electronic testers, and density checks. The author stresses that no single test is definitive; verification must be layered. He details how to read jewellery stamps and British hallmarks, and provides a step-by-step method for calculating melt value from weight, fineness, and the day's price.
Sourcing chapters address buying scrap from the public, car boot sales, markets, fairs, auctions, pawnbrokers, house clearances, and private sellers. The tone is humane: test openly, explain pricing plainly, walk away from pressure or doubtful provenance, and treat vulnerable sellers-especially the bereaved or distressed-with respect.
Business discipline forms the book's backbone. Chapters cover the stock book, true-cost accounting, cash-flow management, stock-turn velocity, strict buying limits, and keeping dealing money strictly separate from household funds. Security guidance spans home safes, fair-day habits, cash handling, and knowing-your-customer duties. Later sections place the trade in economic context-interest rates, inflation, currency movements, and market cycles-without offering forecasts. Four business models are presented: dealer, broker, recycler, and consultant, with advice to master one before combining them.
Online selling, postage risks, payment fraud, dispute handling, and platform fees receive practical treatment. Throughout, the author insists that ethics and transparency are commercial assets. The book concludes that lasting profit comes from "boring" habits repeated daily: weigh, test, record, price honestly, and protect your name.
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