Is it the same in the US as in the UK? We are being swamped by ads from companies willing to pay CASH (yes, cash!, real, live cash…) for your ”unwanted used gold”. Or ”broken gold”, whatever that means. Some of them say all one has to do is send them the gold in an envelope in the post and they will value it for you. Gosh, that’s kind. :-|
A few curious colleagues and I cased a few of these companies and found they were offering roughly half the going market rate for the particular carat.
That’s a sweet deal indeed.
Are they free to dispose of their property as they choose?
I’m told pawn shops are nothing new. What’s the difference?
Naturally an elitist will know what’s best.
You said in part…
” A few curious colleagues and I cased a few of these companies and found they were offering roughly half the going market rate for the particular carat.
That’s a sweet deal indeed”
You did what everyone should do. It is considered ‘due diligence’ or ‘shopping around’.
But I am curious what your basis of what makes a ‘sweet deal’?
When you buy a sandwich at a deli, do you break down what goes into it? I dare say the deli probably charges more than twice the ingredients.
Trust me, the list is endless for products that have more than 50% markup! Right now as we all know, it is a ‘buyers market’. So if you have some of that so called ‘worthless’ element (at least to our friend fennec, ;) ) Shop it around and get as much as you can!
John123 asked me: ”But I am curious what your basis of what makes a ‘sweet deal’?”
All markups will take into account overheads/expenses in order to obtain a reasonable profit. Your deli example won’t just have the ingredients of the sandwich as part of its price.
What these companies have are extremely low overheads (unless they need to cover all those numerous TV & radio ads and smelting costs are very high if they do it themselves, which I doubt).
believecommonsense over 14 years ago
oh, look, it’s Glenn Beck’s vacation home!
OmqR-IV.0 over 14 years ago
^Ha!
Is it the same in the US as in the UK? We are being swamped by ads from companies willing to pay CASH (yes, cash!, real, live cash…) for your ”unwanted used gold”. Or ”broken gold”, whatever that means. Some of them say all one has to do is send them the gold in an envelope in the post and they will value it for you. Gosh, that’s kind. :-|
A few curious colleagues and I cased a few of these companies and found they were offering roughly half the going market rate for the particular carat. That’s a sweet deal indeed.
cdward over 14 years ago
Yup, same here.
CorosiveFrog Premium Member over 14 years ago
As if anyone has a kettle filled with gold in the attic…
ANandy over 14 years ago
Are they free to dispose of their property as they choose? I’m told pawn shops are nothing new. What’s the difference? Naturally an elitist will know what’s best.
bradwilliams over 14 years ago
What on Earth is Elitist about this?
d_legendary1 over 14 years ago
A light bulb should have lit up on top of your head when you see those ads.
“Send us your gold, THEN we’ll send you a check for (what we think) its worth”
I wish I would have thought of that scam.
bradwilliams over 14 years ago
Well said sir.
johndh123 over 14 years ago
omQ R said, about 11 hours ago
You said in part… ” A few curious colleagues and I cased a few of these companies and found they were offering roughly half the going market rate for the particular carat. That’s a sweet deal indeed”
You did what everyone should do. It is considered ‘due diligence’ or ‘shopping around’. But I am curious what your basis of what makes a ‘sweet deal’? When you buy a sandwich at a deli, do you break down what goes into it? I dare say the deli probably charges more than twice the ingredients. Trust me, the list is endless for products that have more than 50% markup! Right now as we all know, it is a ‘buyers market’. So if you have some of that so called ‘worthless’ element (at least to our friend fennec, ;) ) Shop it around and get as much as you can!
Dtroutma over 14 years ago
“Payday loans” used to be a ripoff, now many states regulate them to lower rates than banks!!! Yep, just can’t beat that federal deregulation!
redtail10 over 14 years ago
Reminds me of Las Vegas, all the bright lights and the promise of easy money.
OmqR-IV.0 over 14 years ago
John123 asked me: ”But I am curious what your basis of what makes a ‘sweet deal’?”
All markups will take into account overheads/expenses in order to obtain a reasonable profit. Your deli example won’t just have the ingredients of the sandwich as part of its price. What these companies have are extremely low overheads (unless they need to cover all those numerous TV & radio ads and smelting costs are very high if they do it themselves, which I doubt).
Charles Brobst Premium Member over 14 years ago
Both cash for gold and “invest in gold” are total scams. Like Glen Beck.