Anyone else buying gold?

Deyvy · 5 Sep 2009 at 12:17

SpeedFreak said:
we were given between 10-15 ounces for our wedding so might have to convince the wife to sell now. God bless chinese traditions!

Bad karma? Suppose to bring luck those things arent they? The gold character?

Reminds me when the family home got robbed (20 odd years ago), they nicked the hewge VCR, and left the massive gold chinese character on display in a glass cases..

Gold been going up a while now? not just short term but over the years.. Only really know because we give gold watches to employees who've been with us 20 years. Try to buy the same watches, the lastest set of watches are lot more expensive than the previous years.

Dr Who · 5 Sep 2009 at 13:26

Gold is very high at the moment due to lack of confidence in other instruments.

I wouldn't think it is a good time to buy unless you plan on holding onto it for a long time.

dowie · 5 Sep 2009 at 17:10

_Jimlad_ said:
the last crash did not have this effect as large banks and investeres flooded the market with gold to safeguard there cash flow issues, but seeing as that has now happened another stockmarket crash would not have the same effect, that would be why we are seeing a flood of “sell your gold adds” ...

Be interested to know others views on this?

You're a bit confused ref the business model of these companies buying up gold - it's got naff all to do with investing/speculating on the future price if gold.

Simply put these companies are a borderline scam - they will undervalue your scrap gold massively and send you a cheque for a very small amount - if you don't complain about the amount within a very short space if time then that's it - your scrap gold has already been 'melted' and that £200 neckace gets you £20. The fact lots of people are struggling with loans/getting laid off and are in need of cash these days has more to do with the success of these firms than and speculation over the future price of gold.

Yamahahahahaha · 5 Sep 2009 at 17:51

Warren Buffet said:
As the old saying goes, what the wise man does in the beginning, fools do in the end.

If you're asking on an overclocking forum about where to put your money, I feel you should do a little more research.

Von Smallhausen · 5 Sep 2009 at 17:53

Warren Buffet said:
As the old saying goes, what the wise man does in the beginning, fools do in the end.

Would that include lighting up a cigarette in a petrol station with a fool watching ?

Koalaboy · 5 Sep 2009 at 20:31

Try www.bullionvault.com or www.goldmoney.com if it's for investment. Both require validation of your identity though, so it's not instant.

DanniiKylie · 1 Oct 2009 at 14:19

anticonscience said:
I hate those adverts.

Haha i agree, those ads are so annoying but I have to say, i sent off my gold (which is very much out of character for me to do) and received a substantial amount. an amount that i didnt expect. in fact, i received more than my local pawn shop offered me. I know that most of these "mail in you gold" companies can offer very little but the same with everything else its just a matter of researching and finding the good ones.

I went with Postal Gold. I tried a couple of others before that but i rejected their offers as they offered me really stupid amounts.

_Jimlad_ · 1 Oct 2009 at 14:23

DanniiKylie said:
Haha i agree, those ads are so annoying but I have to say, i sent off my gold (which is very much out of character for me to do) and received a substantial amount. an amount that i didnt expect. in fact, i received more than my local pawn shop offered me. I know that most of these "mail in you gold" companies can offer very little but the same with everything else its just a matter of researching and finding the good ones.

I went with Postal Gold. I tried a couple of others before that but i rejected their offers as they offered me really stupid amounts.

don't happen to work for them do you

jamief · 1 Oct 2009 at 15:10

Yamahahahahaha said:
If you're asking on an overclocking forum about where to put your money, I feel you should do a little more research.

Is this an overclocking forum then? I was under the impression it was a general forum, with seperate boards for different things such as Overclocking, Motors, Photography, Sports ......

aardvark · 1 Oct 2009 at 15:15

DanniiKylie said:
Haha i agree, those ads are so annoying but I have to say, i sent off my gold (which is very much out of character for me to do) and received a substantial amount. an amount that i didnt expect. in fact, i received more than my local pawn shop offered me. I know that most of these "mail in you gold" companies can offer very little but the same with everything else its just a matter of researching and finding the good ones.

I went with Postal Gold. I tried a couple of others before that but i rejected their offers as they offered me really stupid amounts.

hmmm, suspiciously like an advert.

_Jimlad_ · 1 Oct 2009 at 15:23

aardvark said:
hmmm, suspiciously like an advert.

indeed, first post is a old thread about gold!

Rotty · 1 Oct 2009 at 16:01

Got some Silver bullion

actually it's worth next to sod all, I use it as a card protector in live poker games, great for throwing at folks who river their gutshot on me

Rotty · 1 Oct 2009 at 16:05

DanniiKylie said:
Haha i agree, those ads are so annoying but I have to say, i sent off my gold (which is very much out of character for me to do) and received a substantial amount. an amount that i didnt expect. in fact, i received more than my local pawn shop offered me. I know that most of these "mail in you gold" companies can offer very little but the same with everything else its just a matter of researching and finding the good ones.

I went with Postal Gold. I tried a couple of others before that but i rejected their offers as they offered me really stupid amounts.

I know someone wno used them, real scam merchants, offered stupidly low amount, when challenged "oops we made a mistake" and increased it but still very poor, refused to give price per gram out

rsatd · 1 Oct 2009 at 16:08

_Jimlad_ said:
I’m sure you have all seen the big push on the TV and adverts around the place offering to buy gold

Those advers will work, when gold prices will fall, because they offer a very miniscule price for your gold, and do everything to delay/make it harder for you to demand refund or your gold back. They will still make profit if the gold prices are rising or not.

aardvark · 1 Oct 2009 at 16:11

Rotty said:
Got some Silver bullion

actually it's worth next to sod all, I use it as a card protector in live poker games, great for throwing at folks who river their gutshot on me

well, at least £100.

_Jimlad_ · 1 Oct 2009 at 16:12

Rotty said:
I know someone wno used them, real scam merchants, offered stupidly low amount, when challenged "oops we made a mistake" and increased it but still very poor, refused to give price per gram out

he proberly works for them, 1 post and new member who finds and dig up this old thread

Rotty · 1 Oct 2009 at 16:14

aardvark said:
well, at least £100.

about that, folks who don't know would imagine a lot more

aardvark · 1 Oct 2009 at 16:20

Rotty said:
about that, folks who don't know would imagine a lot more

i think silver is extremely undervalued and will go up significantly in the future so hold on to it.*

*note, i can be wrong as well as right.

_Jimlad_ · 1 Oct 2009 at 16:21

Rotty said:
Got some Silver bullion

actually it's worth next to sod all, I use it as a card protector in live poker games, great for throwing at folks who river their gutshot on me

thats pretty sweet, must be worth a few bob?

Rotty · 1 Oct 2009 at 16:26

_Jimlad_ said:
thats pretty sweet, must be worth a few bob?

just checked and £105+vat apparantly