cash for gold?

[vash]

i have been hearing/seeing lots of commercials for these. does this make it easy for badguys to dump stolen loot?

[NICKG]

a fool and his or her money are soon parted

[legion]

I'm guessing these guys are giving you 50˘ on the dollar, at best.

[71T Targa]

Originally Posted by legion

I'm guessing these guys are giving you 50˘ on the dollar, at best.

If you're sending them gold that 'fell off the back of a truck' do you care?

[legion]

Originally Posted by phred68

If you're sending them gold that 'fell off the back of a truck' do you care?

No.

But you put that stuff on eBay--much better fencing operation.

[craigster59]

Just send it to me. I'll weigh it for you and cut you a check within 24 hrs.

[Zeke]

Originally Posted by vash

i have been hearing/seeing lots of commercials for these. does this make it easy for badguys to dump stolen loot?

Good question. I would think not in most cases as police reports identify lost property. Pawn shops regularly have to justify their inventory. Is this place much different? Since they use the US mail, I bet they walk the line.

[legion]

Right, I think the gold places are legit, just screw you on price.

The ones that I think are outright scams are the ones that promise you can make millions selling goods on eBay that you never see. I think those are just using your user ID to sell stolen goods...

[VINMAN]

Here in NY/NJ, you have to fill out and sign a form from the PD when you sell jewelry at a store. The trade in is probably less than 50 cents on a dollar for gold.

[gtc]

Read this for a good laugh regarding cash for gold:
http://www.cockeyed.com/citizen/goldkit/gold_kit.shtml

[Rick Lee]

Originally Posted by legion

The ones that I think are outright scams are the ones that promise you can make millions selling goods on eBay that you never see. I think those are just using your user ID to sell stolen goods...

Well, I only made about $8, but I recently completed my first sale on eBay as a drop-shipper, never touched the product and it worked fine. I suspect you can make a ton of money in this IF you really know what sells and can buy cheap enough to still turn a profit after all the fees and shipping.

The gold buying commercials are for idiots who are too lazy to do the slightest due dilligence.

[NICKG]

so what you REALLY mean is that most people would use the "goldkit"

[Rick Lee]

There was a discussion here on this a few weeks ago. Several folks thought the commercials should be banned because they might dupe elderly people into hawking jewelry.

[gtc]

Umm... isn't that the point?
They don't need jewelry anyways. Just a TV.

[Neilk]

They sure make it hard to figure out how much the pay per once. They pay you by pennyweight or something like that. I guess you could go to google and figure out the conversion, but it seems as if grams would work bette/be more transparent.

[NICKG]

and reverse mortgages...that is shameful!

[Rick Lee]

Reverse mortgages can be a good deal depending on one's situation. Selling gold for half of what it's really worth is never a good deal.

[on2wheels52]

fwiw,m my next shippment will go to Garfield. At today's spot price of $781 oz they are paying $19.79/dwt for 14kt gold or about $12.60/gram. This rate is for less than 5 oz. Their highest rate of $21.55 would be for over 25 oz.
A typical man's 14kt 8 mm band would yield about $100, a woman's 3 mm about $25.
I would hope the tv guys are paying something close to this.
Walk into my shop and get $15/dwt.
Jim

[Porsche-O-Phile]

What kind of idiot would put gold jewelry into a conspicuous envelope loudly screaming "GOLD" on it, then hand it over to a bunch of poorly-compensated government employees. Or worse, toss it in the common "outgoing mail" box?

[gtc]

Do you suppose they would take my dead CRT monitors? They might have some gold in them.