What's up with all these gold buying ads?

/\ndy · 8 Sep 2009 at 12:31

For one thing there so ******* annoying!

Also why does there have to be like 10 different ones? I know its probably competition an all buts its ridiculous! I mean there all the same, with the same services and guarantees etc, just so repetitive, not to mention some lame ass testimonials from so called customers.

Most of you probably haven't noticed, its just you notice these things when you only have a P/T job lol!
Anyone actually posted their gold to one of these companies?

Burnsy2023 · 8 Sep 2009 at 12:33

In times of recession when people need money, it is common for them to want to liquidate their high value assets. Gold fits right in there.

Beansprout · 8 Sep 2009 at 12:33

I posted gold and they paid me in gold

*shrug*

Bennie-Mac · 8 Sep 2009 at 12:36

I cant stand these adverts, however the i will watch the one with the two idiots running around like retards as i feel that every time i watch it they both lose a little more of their dignity

eLbot · 8 Sep 2009 at 12:42

Just in case anyone is silly enough to consider using a service like this, mull over the business model and fallout a similar company is adopting over in the states: http://consumerist.com/5144296/10-confessions-of-a-cash4gold-employee

Buffman · 8 Sep 2009 at 12:48

They always have these adverts on in my gym (I think its mtv dance thats normally playing), they're really starting to get annoying

.

memyselfandi · 8 Sep 2009 at 13:04

Really don't like the one for postal gold (I think) where the, slightly odd coloured, bloke doesn't blink in the entire advert .........

Nexus · 8 Sep 2009 at 13:04

There's one where the guy presenting the commercial just comes across as overly comical with his beady eyes. I doubt I can find it on YouTube cause who actually cares about this stuff!

Nexus · 8 Sep 2009 at 13:04

memyselfandi said:
Really don't like the one for postal gold (I think) where the, slightly odd coloured, bloke doesn't blink in the entire advert .........

LOL, I think that's the exact one I mean't.

Lil old me · 8 Sep 2009 at 13:10

They might have the right idea as gold hits the $1000 mark again...

http://news.bbc.co.uk/1/hi/business/8243291.stm

unknownsock · 8 Sep 2009 at 13:15

Yer Gold and other similiar metals are on the rise in price.
Buy cheap in bulk now, make massive profit in months to come.

Belly · 9 Sep 2009 at 16:29

The adds must be aimed at those who for one reason or another have already “Sold-Off-The-Family-Silver”

schnipps · 9 Sep 2009 at 16:32

Its just for thiefs and benefit mothers who want to trade their soverigns in, also i still cant fathom how injury lawyer companies still seem to plough loads into advertising, surely everyone has claimed by now. The dam companies have been doing it that long they must have milked everyone for a whiplash claim by now.

Red_knight · 9 Sep 2009 at 16:53

Speaking as the child of an antique dealer, if you have old gold or silver, don't sell it to one of these junk merchants. Get it valued at an auction house or by a trusted antique dealer (who specialises), then sell it privately.

Back in the 70s? an incredibly amount of really interesting stuff just got sold and melted for scrap.

Penguin · 9 Sep 2009 at 21:12

yup all these companies are doing is buying as much gold as they can for as cheap as possible from chumps & they're just going to melt it down & then sit on it till the price goes back up as gold prices have dipped in the recession.

dowie · 9 Sep 2009 at 21:25

Lil old me said:
They might have the right idea as gold hits the $1000 mark again...

http://news.bbc.co.uk/1/hi/business/8243291.stm

don't think they're bothered as much about current spot price so much as simply having lots of people currently in the UK who are strapped for cash

business model involves quoting a ridiculously tiny price of say 10% of the current spot price and making it hard for people to then object and ask for returns. Obv having a high spot price is beneficial for them but they're not speculators they just want to quote a low% then melt/flog the stuff on its mostly a volume game and having lots of people in financial trouble is the key.

Don't even know if all(any) of them actually melt the stuff down themselves or if they just sell on the scrap gold they spanked joe public for to other companies for say 50% of the spot price.

lambda · 9 Sep 2009 at 21:27

unknownsock said:
Yer Gold and other similiar metals are on the rise in price.
Buy cheap in bulk now, make massive profit in months to come.

LOL!

You're an idiot, do you know anything about investing?

Gold is expensive now, which is why these people can make decent margins on buying and selling gold. Buy at 25% below spot price, melt it down, and sell at market price, as demand is high.

Now is not a good time to buy, 8 months ago was. When the general public, ie YOU, start to think its a good time to buy, its about the time to sell up.

dowie · 9 Sep 2009 at 21:28

Penguin said:
yup all these companies are doing is buying as much gold as they can for as cheap as possible from chumps & they're just going to melt it down & then sit on it till the price goes back up as gold prices have dipped in the recession.

if they wanted to speculate on the future price of gold there are much easier ways of doing so than this

Energize · 9 Sep 2009 at 22:21

I bet the comission they charge is ridiculous compared to websites like bullionvault. Surely you would be better off selling to a jewelry dealer as it's more likely to be worth more than it's weight in gold?

PermaBanned · 9 Sep 2009 at 22:45

Firstly, who has 'spare gold'. Secondly, you can get so much more by not using said companies and going to a jeweler or somewhere else.