Money for gold, [Archive] - Motorsport Forums

Daniel

13th January 2010, 08:22

If I see another one of those adverts, I'll......I'll......
Steal someone's gold and sell it @ 25-50% its worth to fund your coke habit? :p

Dave B

13th January 2010, 09:00

They are chavtastic, aren't they?

In my day you had to meet a fence out the back of a dodgy pub, now they advertise on TV.

Daniel

13th January 2010, 09:01

They are chavtastic, aren't they?

In my day you had to meet a fence out the back of a dodgy pub, now they advertise on TV.
I love how their main selling point seems to be that you can get tickets for a football game or a flatscreen tv :mark:

Dave B

13th January 2010, 09:05

Daniel

13th January 2010, 11:11

I reckon if you're watching daytime telly and you need the money that badly, you should try one of the payday loan companies that advertise APRs of over 2000%. Plus I'm sure they'd be understanding if you missed a payment or two, and would in no way threaten or harass you.
I find the payday loans funny. They seem to portray themselves as being able to help people who don't have enough money to pay for their everyday bills with their wages. WTF? If you take out a loan you only shift the burden just a littl further into the future and you just make it worse.

Dave B

13th January 2010, 11:22

Exactly. Bit short this month? Why not shift the problem 30 days, only make it worse by adding an interest payment?

Daniel

13th January 2010, 11:58

Did anyone see the BBC testing these companies? They submitted £298.60 worth of gold to 6 different companies and the most they were offered was £130 and the least was £66!!! Obviously you don't have to accept their offers, but its seems you'd be a fool to.. :)
Yeah I saw that a few weeks ago. Funny :) With all the money they're making you think they'd be able to afford decent adverts :mark:

MrJan

13th January 2010, 12:11

If I see another one of those adverts, I'll......I'll......

go and get a job so you don't have to watch daytime telly? :p :

GridGirl

13th January 2010, 12:33

My mum sold some unwanted and broken gold in December but she just went to the Jewelry Quarter in Birmingham. She got quite alot for it in the end but it was much easier going in a choice of different shops to make sure she was getting a good price. I dont think I'd be willing to send my gold off without having some cash upfront. :s

wedge

13th January 2010, 13:00

Those debt recovery ads are the worst.

They really know their target audience have feck all to do but rot their brain on daytime telly.

13th January 2010, 13:50

"I got enough for a European away game"

Well, good, I'd hate to think you'd wasted it.

BeansBeansBeans

13th January 2010, 13:54

I was disappointed to see former Linton Travel Tavern manager Susan on one of these adverts this morning.

Daniel

13th January 2010, 13:56

Those debt recovery ads are the worst.

They really know their target audience have feck all to do but rot their brain on daytime telly.
Don't dismiss it wedge! You too can get into silly amounts of debt and then just miraculously walk away from it with no repercussions! :)

Alexamateo

13th January 2010, 15:08

Did anyone see the BBC testing these companies? They submitted £298.60 worth of gold to 6 different companies and the most they were offered was £130 and the least was £66!!! Obviously you don't have to accept their offers, but its seems you'd be a fool to.. :)

I'm not necessarily defending these people, but who says it was worth £298.60?

There are always multiple prices for everything, starting with wholesale and retail prices. (I sell my used car to my neighbor for $1000 (retail) versus trading into the dealer for $700 (wholesale) who then sells it to my neighbor for $1000)

Then there's the value of the raw gold melted down, versus the value of it cast into jewelry etc. The point is that all offers are equally valid, and "right" or "wrong" depending on your perspective.

Dave B

13th January 2010, 15:27

These buyers are only interested in the raw materials, therefore a rare artifact would only be judged on its mass.

I believe the BBC (and similar Daily Mail and Which?) investigations were based purely on that figure.

They are a business, and just as entitled as anybody else to make a profit. However they are deliberately preying on the stupid and desperate, taking advantage of their lack of knowledge about increasing gold prices and offering them a fraction of the true worth.

MrJan

13th January 2010, 16:03

They are a business, and just as entitled as anybody else to make a profit. However they are deliberately preying on the stupid and desperate, taking advantage of their lack of knowledge about increasing gold prices and offering them a fraction of the true worth.

You can't blame them for that though. Stupid people should be punished for being stupid, else captalism goes out the window.

GridGirl

13th January 2010, 16:17

What we're talking about here is selling gold by the gram and probably not for resale. Its more like selling broken chains, earings where you lost one and no longer have a pair as well as unfashionable jewelry that a shop probably couldnt sell on again.

Prices of gold are listed in the paper as well as other places. It doesnt take more than the daily price and pair of kitchen scales to work out whether you are being comepletely and utterly ripped off.

Jag_Warrior

13th January 2010, 18:35

I dont think I'd be willing to send my gold off without having some cash upfront. :s

That's the part that I don't get! You bag up your gold and then send it off to some unknown firm... hoping to get the best price (or your jewelry back as you sent it). :rolleyes:

For the scrap outfits, this just seems a perfect way to sell stolen jewelry to me. Once it's melted, the tracks are completely covered, or so it seems.

Mark in Oshawa

13th January 2010, 18:52

That's the part that I don't get! You bag up your gold and then send it off to some unknown firm... hoping to get the best price (or your jewelry back as you sent it). :rolleyes:

For the scrap outfits, this just seems a perfect way to sell stolen jewelry to me. Once it's melted, the tracks are completely covered, or so it seems.

It is what I wondered about too. I am of the opinion that anyone stupid enough to do this deserves what they get.

Jan...capitalism doesn't go out the window with stupid people. Capitalism is how the world has gotten ahead. The fact we have stupid people in the process is because Darwinism doesn't work in a civilized society. Stupid people now just give way their money and get themselves in trouble in other ways. 400 years ago, they ended up dead....

Sonic

13th January 2010, 19:26

go and get a job so you don't have to watch daytime telly? :p :

Got one ta! Its not just daytime is it? Its frickin' every cable channel every moment of the day- its like that Korene Bailey Ray track of a couplke of years back - bloomin' everywhere??

MrJan

14th January 2010, 09:10

Its not just daytime is it? Its frickin' every cable channel every moment of the day

Wouldn't know, only got Freeview and pretty much only stray from the main channels to watch QI etc. on Dave or American Hotrod on Quest. Plus I have a tendency to switch channels during ad breaks, especially if that c**t sing GoCompare comes on.

Hazell B

15th January 2010, 19:31

He suggested they should accept in the region of £240 in realistic terms. :)

Um .... but very, very few dealers would offer anything like that much in the real world.

The person buying scrap gold has to make a living, so taking less than one sixth it's value as profit wouldn't even begin to cover his costs. Travel, or shop rent if he's based in one site, insurance and wages mean he'd need about one third of what he can get for the gold as profit.

However, these TV ad ones are all paying well under that. Some sell at an auction I go to and they make a happy profit, often 'laundered' to avoid tax!