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Chit Chat
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27 Jan 10
09:31
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Date Joined:
16 Nov 04
i sent my gold, and ive got enough for a cup of bovril at old trafford. marvellous.
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Replies: 57
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The thieving **os should be shot with sh1t!!!!
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agree completely. all i know is mr.palmer could of made a killing from this passing cottage industry.
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doesnt winton sound re assuring in their ad.?
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lol, they're not thieves.
i enquired several months ago the rate per gram and it was 30-40% higher than the high st and over a pound per gm higher than the place i used to label as the best place to take it. just make sure you know your weight and get the price b4 u start any transaction... |
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What is the scam? What percentage of the stock market price of gold quoted (about 1000 dollars/ounce) do they pay for it?
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to stop people getting ripped off,cant understand why the government doesnt set up a similar scheme paying the going rate
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Say I had an ounce of scrap gold and the market rate was $1000/oz, what would they pay me?
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what the fk are you on about? you need money, you cant get any. you have gold, I pay you x for gold. you dont accept, fk off. you accept, here is money. no problem.
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about 6£ a gram when i looked, look up a site.
u would need to know the carat. |
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I almost totally agree with CUPRA.
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cupra, it isnt just that, the price they are paying for scrap gold now is more then you could buy the stuff new a few years ago...
THATS the issue imo... |
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WAsn't at you, dealem, its at the 'theiving' comments. As said before, you are quit ahhpy to pay for a telly at 800 quid that costs 25 dinar to be made - who is the theiving bastewrd?
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I thought the carat was the percentage. 24 carat is 100% gold.
so if you had an ounce of 24 carat you'd get the going rate for one ounce. if it was 12 carat you'd get half the going rate have i over simplified it? £6/gram is about 170/ounce which is about 260? dollars /ounce. which is a quarter of the going rate. Which is a rip off, but it is surely up to the punter whether they do it. They're not ripping the rings off you're fingers. |
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Everything about it looks like a scam though - the cheesy adverts, and the times they show it and the cheesy actors who do the adverts. It just has SCAM written all over it, if people can't see that just from the adverts then that is their problem.
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Bear in mind the troy ounce that gold is measured in is greater than a standard ounce.
The money men behind these cash for gold companies are hoovering up gold because they know that when the next paper money disaster happens,(and it will happen) that they now have gold as a solid depndable asset that will hold it's value at worst and should appreciate in value even more. |
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9 carat is 32.5% a troy ounce has 30.5 grams in not 28.35
i think they are making about 10% if that on there stuff. i dont know about the scammers, but like i say, if u know what your getting b4 u send the stuff in, then you can look for the best payers. when you post it, it is insured to well over the amount you are sending so it doesn't matter if it is lost in the post. |
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it won't hold its value if a clever scientist works out how to make gold from other elements.
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backtolay, the reason gold is so dear at the moment has nothing to do with what you said there...
for years gold was a steady price, i remember selling gold at school and it was roughly the same price untill a short while ago. that's 20 years. 100k of gold stock was ruinning at far less than inflation in my eyes for years. i cant remember why it is so high now but it has something to do with china buying into gold for bank reserves or something like that. |
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9 carat gold isn't gold imo.
http://www.cash4mygold.co.uk/index.php?ads=gg5000&gclid=CPGWls-0xJ8CFV1d4wod2VuThg this site quotes 9carat = 8.07/gram. 22 = 19.70 why 22 carat? thought top gold was 24 carat? that 22 carat rate transfers to abou 600 quid/troy ounce, which is not a million miles off the going rate. So what is the scam? |
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24 carat is called bullion and i think it is illegal to have pure gold in the uk unless allowed to. 22 ct is the highest standard below that.
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Some of you may find this interesting.
http://www.candidmoney.com/articles/article51.aspx Cash4Gold paying less than a third of what a jeweller would, although I suppose condition may vary. There's some even worse ones, too. |
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The money men simply want all your gold, Cash For Silver will be appearing soon because that is another dependable appreciating asset that won't be affected when the next paper money collapse happens.
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Well I for one am grateful to see so many companies altruistically purchasing everybody's 'unwanted' gold.
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is 22 carat gold nearly pure gold?
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And I suppose you have to send them a valid certificate of ownership with your gold too? They can pay under the going rate as they are effectively fencing stolen goods, I should imagine that 33% of the market value for something that the thieves got for free sounds an OK deal.
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19.70/gram for 22 carat gold doesn't give them a massive profit by my calcs.
What have I missed? is that rate just the advertised rate, do they scam you somehow andmake you pay a lesser rate and add charges etc? |
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or is it that a ring with say £500 of gold in, is actually worth £1000? and so they're not melting them down for gold, but selling them on as jewellery because they are worth more that way?
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Well that's the point they're making, jewellery etc will usually be worth more than the sum of its gold content.
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positively4thsteet 27 Jan 10:41
Say I had an ounce of scrap gold and the market rate was $1000/oz, what would they pay me? ======= According to tests carried out by newspapers ...6%.. On one otest a batch of gold bought for £719 was offered £38 for .. In another test a £339 gold bracelet the newspaper undercover (just bought from a reputable dealer ) and was told it was NOT gold and not worth the cost of posting back ....had a big fight to get it back and had to pay £11 return postage... Horror letters in the papers claim they sent of several hundred pounds worth of Gold and offered sums like £25 ....when trying to get it back told "Sorry its already been melted down "... Anyone got Personal experience of these Envelope Companies ? ..Not for me , I might add, I wouldn't touch them with a gold tooth pick .. |
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just read that article sparky.
it suggests to me that if you havea fancy ring that doesn't have much gold in but is quite ornate etc then prob worth more in its present state than melted down. if you had a simple ring with lots of gold in it, might be cheaper melted down. |
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All this talk of the nature of my ring is making me nervous.
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http://www.cashforgoldscams.com/scam21.htm
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Usually Sparky, but can't see that being the case right now. Gold prices are high and we're all on our uppers due to ongoing economic misery. I don't know, but imagine that luxuries such as jewelery are hardest hit in such times. I've certainly no plans to buy any!
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here is a site dedicated to it
http://www.cashforgoldscams.com/ |
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I can't believe that these apparently reputable 'stick your unwanted gold in a jiffy bag and sent it to us for top dollar' companies might actually be a bunch of crooks.
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oh, i see.
The surprising thing to me is that a 400 quid ring might only have twenty odd pounds worth of gold in it. thought that most of the cost of the ring was the precious metals/jewels in it. |
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(moneywise site)..
First of all, its important to understand how these online gold companies work. Unlike dealers, the value of your gold is based on its carat and the weight. The money you are offered will also depend on the value of gold at the time of the sale. If you have a rare or antique piece of jewellery, this will not be reflected in the price. In addition, precious stones set within a piece a cluster of diamonds in a ring, for example is unlikely to be of interest and you probably wont be given extra cash for them. You have two main options. The first is to send your gold in to a company that provides free and insured postage, to find out what it will pay. You can then either agree to accept the offer in which case you should be paid immediately or have the item returned to you. Returned items may be posted back for free, or you may face a charge. Remember, these companies are buying gold for scrap to be melted down, so there is no going back if you accept an offer. You wont be able to get a valuation ahead of sending in an item. Clearly, there is risk involved in this method, as you have no protection should the company turn out to be a scam. Many postal gold companies say they rely on recommendations from previous customers to bring in new clients. |
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(more from Moneywise site)..
The other option is to ditch the Tupperware and instead host a |
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I wonder how many people just do a sh1t in the jiffy bag instead.
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