Gold buyer vs wholesale buyer

The differences between gold buyers and wholesale buyers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a gold buyer and a wholesale buyer. Additionally, a wholesale buyer has an average salary of $55,762, which is higher than the $54,119 average annual salary of a gold buyer.

The top three skills for a gold buyer include customer service, store locations and store operations. The most important skills for a wholesale buyer are wholesale purchase, market trends, and retail sales.

Gold buyer vs wholesale buyer overview

	Gold Buyer	Wholesale Buyer
Yearly salary	$54,119	$55,762
Hourly rate	$26.02	$26.81
Growth rate	-	-
Number of jobs	8,845	14,580
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 63%
Average age	44	44
Years of experience	4	4

Gold buyer vs wholesale buyer salary

Gold buyers and wholesale buyers have different pay scales, as shown below.

	Gold Buyer	Wholesale Buyer
Average salary	$54,119	$55,762
Salary range	Between $35,000 And $81,000	Between $39,000 And $78,000
Highest paying City	-	New York, NY
Highest paying state	-	New Jersey
Best paying company	-	Outdoor Specialty Products
Best paying industry	-	Hospitality

Differences between gold buyer and wholesale buyer education

There are a few differences between a gold buyer and a wholesale buyer in terms of educational background:

	Gold Buyer	Wholesale Buyer
Most common degree	Bachelor's Degree, 38%	Bachelor's Degree, 63%
Most common major	Business	Business
Most common college	University of Akron	University of Akron

Gold buyer vs wholesale buyer demographics

Here are the differences between gold buyers' and wholesale buyers' demographics:

	Gold Buyer	Wholesale Buyer
Average age	44	44
Gender ratio	Male, 37.3% Female, 62.7%	Male, 73.5% Female, 26.5%
Race ratio	Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 18.2% Asian, 5.7% White, 63.5% American Indian and Alaska Native, 0.3%	Black or African American, 7.8% Unknown, 4.5% Hispanic or Latino, 18.2% Asian, 5.7% White, 63.5% American Indian and Alaska Native, 0.3%
LGBT Percentage	9%	9%

Differences between gold buyer and wholesale buyer duties and responsibilities

Gold buyer example responsibilities.

Coordinate and provide direction to inventory teams by managing product placement, open-to-buy, and logistics.
List eBay items and ship as well as answering questions.
Work closely with the logistics department and internal warehouse to coordinate just in time deliveries and maintain daily inventory reconciliation.
Negotiate with jewelry vendors for product re-assortments to relive inventory and increase turn.
Manage business relationship with Japanese OEM of wide-format printer engines.

Wholesale buyer example responsibilities.

Coordinate and provide direction to inventory teams by managing product placement, open-to-buy, and logistics.
Evaluate sales records and inventory levels to determine appropriate product requirements for a wide variety of automotive and industrial commodities.
Originate BOM structure for production operations.

Gold buyer vs wholesale buyer skills

Common gold buyer skills

Customer Service, 80%
Store Locations, 8%
Store Operations, 7%
Word Processing Software, 5%

Common wholesale buyer skills

Wholesale Purchase, 64%
Market Trends, 20%
Retail Sales, 16%

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Updated January 8, 2025

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