That old jewish lady from the commercial reminds me of Jerry Seinfeld's mom.

Streisand effect in action?

Oh come on Drew! I know you just greenlighted this so you can get a $3000 offer! ;)

Whamdangler: Oh come on Drew! I know you just greenlighted this so you can get a $3000 offer! ;)

Good to know I'm not the only one debating registering as many "cashforgoldripoff.com" type domain names as I can and hosting a tirade. =P

It doesn't matter if he WAS offering market rates. Don't sell your gold if you have any. Unless you're starving, you'd have to be retarded.

I turned in my gold and took the vacation of a lifetime!

In a nutshell, Brent sent in scrap gold valued elsewhere at $180 and was offered one third of that amount by Cash4Gold. Brent balked at their $60 check and called their customer service line, where he immediately got a new offer: $178!

To Peoria.

Frank N Stein: That old jewish lady from the commercial reminds me of Jerry Seinfeld's mom.

The really nasally brunette reminds me of that Janice character from Friends.

Senescent Dawn: It doesn't matter if he WAS offering market rates. Don't sell your gold if you have any. Unless you're starving, you'd have to be retarded.

This.

Senescent Dawn: It doesn't matter if he WAS offering market rates. Don't sell your gold if you have any. Unless you're starving, you'd have to be retarded.

Uh ... what? Why?

Hoarding is useless when it comes to precious metals. You can't, you know, eat them or anything. Wait until the market hits a price you're willing to sell at, and sell to a reliable dealer.

It's pretty sick that they're buying at $0.30 on the dollar... that's either a testament to the absolute greediness of the operation or the relatively small volume of people that actually "fall" for the scam.

It makes one wonder exactly how much discount the "we'll buy your annuitized settlement for cash" people are buying at.

kmmontandon: Hoarding is useless when it comes to precious metals. You can't, you know, eat them or anything. Wait until the market hits a price you're willing to sell at, and sell to a reliable dealer.

They'll always have value, for one thing. And the price is going to trend sharply upward for quite awhile.

Uh ... what? Why?

Hoarding is useless when it comes to precious metals. You can't, you know, eat them or anything. Wait until the market hits a price you're willing to sell at, and sell to a reliable dealer.


Because there's a strong likelihood the dollar is going to collapse.

Senescent Dawn: And the price is going to trend sharply upward for quite awhile.

Until it starts trending sharply down. The volatility of gold is about the only thing that's consistent and predictable.

the_be_sharps: It makes one wonder exactly how much discount the "we'll buy your annuitized settlement for cash" people are buying at.

Generally about $.40 to the dollar. Assuming your payee is in very good financial shape. With the economy the way it is, who knows what they'd pay nowadays.

the_be_sharps: Until it starts trending sharply down. The volatility of gold is about the only thing that's consistent and predictable.

Yes, but...

Tigger: Because there's a strong likelihood the dollar is going to collapse.

That. Even if it doesn't, it's nice to have something physical as a hedge against collapse. There is a very legitimate concern that this is going to happen. It's not just pie-in-the-sky stuff anymore.

I've always thought, cash4gold must only be for muggers and thieves... who else would sell their gold for pennies on the dollar?

Senescent Dawn: That. Even if it doesn't, it's nice to have something physical as a hedge against collapse.

I think it's a great idea to diversify as a hedge against worst-case scenarios. However, if the dollar collapses, it'll probably be better to hedge with bullets, gasoline, non-perishable food, and water purification systems though. If we get that far, that is. I think it'll turn around. It'll get worse, then it'll get better. I don't think we'll ride it all the way down.

According to This article, written by a former employee (new window) she was lucky to even get the $60.

Don't companies normally respond with legal threats (not bribery) when people say negative things about them?

the_be_sharps: I think it's a great idea to diversify as a hedge against worst-case scenarios. However, if the dollar collapses, it'll probably be better to hedge with bullets, gasoline, non-perishable food, and water purification systems though. If we get that far, that is. I think it'll turn around. It'll get worse, then it'll get better. I don't think we'll ride it all the way down.

As do I.

*fist bump*

John Paul Jones: As do I.

*fist bump*

That's the first time in a long time anybody's agreed with me on Fark. Right back atcha, bud. If it all goes down, I'll be at my brother's house. I'm a late nighter, so I take the night shift, and he'll take the day shift. Between us we've got 6 shotguns, an AR-15, a Kimber 1911, a H&K 9mm, and a .22 target pistol. He homebrews, so we'll have plenty of booze.

The bonus is, we've got the same contingency plan for the zombie revolution.

Senescent Dawn: kmmontandon: Hoarding is useless when it comes to precious metals. You can't, you know, eat them or anything. Wait until the market hits a price you're willing to sell at, and sell to a reliable dealer.

They'll always have value, for one thing. And the price is going to trend sharply upward for quite awhile.

Maybe, maybe not. There are many, many factors that determine the price of gold. The one thing that you can count on is the utter inability to reliably predict future market prices for commodities.

bronyaur1: Maybe, maybe not. There are many, many factors that determine the price of gold. The one thing that you can count on is the utter inability to reliably predict future market prices for commodities.

Once again, this.

"He who lives by the crystal ball soon learns to eat ground glass."
-Edgar R. Fiedler-

And then there will be the dimwits who send off a piece of gold jewelry that is worth more as a piece of art than the gold that it contains.

12349876: And then there will be the dimwits who send off a piece of gold jewelry that is worth more as a piece of art than the gold that it contains.

Like watches. Worse yet, many send them in with gem stones intact, thinking they're too small to be of any value.

the_be_sharps:
I think it's a great idea to diversify as a hedge against worst-case scenarios. However, if the dollar collapses, it'll probably be better to hedge with bullets, gasoline, non-perishable food, and water purification systems though. If we get that far, that is. I think it'll turn around. It'll get worse, then it'll get better. I don't think we'll ride it all the way down.


This.

I'll sell my gold now when prices are respectably high - if civilization collapses, I'll have bought stuff that's useful for such a scenario.

Gold is only valuable if other people agree that it is. No one's going to sell me a rare bullet or loaf of bread for a pound of gold, if they're hungry and scared.

Besides ... I have a claim, and the guns to hold it. I can always get more.

Ah yes, a goldbug thread. The great thing about being a goldbug is how simple it is. They'll always say it's a great time to buy and hold gold.

Tigger 2009-01-31 04:29:59 PM Uh ... what? Why? Hoarding is useless when it comes to precious metals. You can't, you know, eat them or anything. Wait until the market hits a price you're willing to sell at, and sell to a reliable dealer.
Because there's a strong likelihood the dollar is going to collapse.
=========================

With rates at near 0%, if it hasn't collapsed by now... it will never collapse.

Of course, with our debts building under Bush and now Obama like a crack addict... I wouldn't be surprised if it did collapse.

Fark is starting to lose it a bit cause this was greenlit on reddit two days ago

They pay 30 cents on the dollar? I smell a fencing operation.

I'm going to create water4chocolate.com

You send me chocolate, and I'll send you fresh mountain* spring** water.

/since I live in the foothills of a mountain, my tap water is technically 'mountain' water

/and by spring, I mean that's the season I'll be bottling and selling said mountain tap water.

Almost as much fun as those commercials urging you to buy gold and the guy pointing out how much your purchase will be worth if gold hits $2,000 an ounce.

Oh great....and I guess next your going to tell me my Ginsu knives wont stay sharp forever.

Looks like RipOff Report took the money. http://www.ripoffreport.com/reports/0/329/RipOff0329031.htm

From TommyymmoT's link before it gets taken down:
http://www.complaintsboard.com/complaints/cash-4-gold-c115287.html

I am a former employee of Cash 4 Gold. I did not know much about the company before being hired. On my first day of being hired, I was taught the "Cash 4 Gold Scam" from beginning to end.
1. The "refiner's pack" that is used for you to put your jewelry is "insured for UP TO 100 dollars, " according to how much they feel your items are worth, NOT appraised at
2. We receive your "Refiner's Pack" within 3-4 days, but we are instructed to tell you that it takes "7-10 business days, for us to receive your pack, ALTHOUGH your package has already arrived.
3.Your jewlery gets appraised by hand/magnifying glasses/
a small weight pad, and a bottle of mystery fluid, which your items are then give a value for. Not million dollar equipment or specially trained jewelry experts.
4. Although the payment (check) for your item is dated within 24 hrs of testing your jewelry, we sometimes DO NOT actually send out the check until up to 3-4 days later.
5. We claim a 100% Satisfaction Guarantee or your jewelry returned, BUT THE CATCH IS, that the guarantee is contacting us within 10 DAYS from when your check is DATED. (This begins with the time it takes for the accounts payables dept. to issue the check and also including the transit time for you to receive your check in the mail. **** NOTATE THE COMMERCIALS THAT STATE U GET YOUR CHECK IN 24 HRS.***
5. IF you are lucky you will receive your check around the "7th-10th" bus iness day, AND more then 97% of the time Customers are outraged when they lay eyes on the amount of the check. Some Customer's even receive a check for 0.01 cents. (TRUTH) Thats including items of great value (Diamonds, Platinum/ Gold and Sterling)
6. They sometimes even receive your valuables and like them so much THAT we CLAIM to not have received the items just so the "TOP" people or even "FAVORED" people can get first dibs on your items. From which point we issued an INSURANCE CLAIM for UP TO 100 dollars. GOD FORBID your items are worth more then a 100 dollars, and when you call in to check on the status of your items, we tell you " YOU SHOULD"VE ADDED EXTRA INSURANCE ON YOUR ITEMS." We do not have an actual Insurance company, they use customer service reps as the claim department agents.
7. For those who receive there check within the 10 day frame, GOOD LUCK with trying to get in touch with a cust. srvc. rep before your 10 days are up. Which after your 10 days, your items are "ALREADY MELTED" or NO LONGER AVAILABLE FOR RETURN."
8. For the "LUCKY" people who do get in touch with us within the alloted time frame, we already know what you are calling about. Customers want their items returned, because there
check amount is so insultingly LOW. The first thing a Rep will ask you is "HOW MUCH WERE YOU EXPECTING TO GET BACK?" This way we can know how much to "BONUS" you.
Definition of a BONUS: We issue low checks just to have you call us back if you are smart enough to realized that you just got scammed. For the smart one's we are paid to offer u a bonus up to 3x the original amount of your check and you accept. For ex: Sally Smith receives a check for $27.86 for a rolex watch(which we dont issue value for), a class ring, a ring with diamond chips, a pair of earrings with emeralds, as well as a few sterling silver pieces, and maybe a few items that were really of no value. Now Sally Smith calls the cust srvc dept, where she speaks to a rep who seems so concerned and will see if she can do better with the amount by speaking to a "SUPERVISOR". We then place the caller on Mute, and speak to our neighbors or doodle on a sheet, or twiddle with our hair for about 45 seconds, while we are supposedly speaking to our supervisor about Ms. Smith's complaint. We then come back with an offer to "BUMP UP YOUR MELT DATE or any other lies the cust srvc reps can think of, and offer you a total amount of $53.20 which is a little under double the amount of your original check. In which case if you accept, the cust srvc rep makes a 15.00 bonus off of your transaction. If the cust srvc rep offers you under triple the amount of your orig check, she makes 10.oo in bonuses.
9. If you accept the offer, the deal is done, and you are told that the call is recorded(which most of the time, the record button does not work.)Just a way to make your feel binded by a verbal contract. IF you do not accept the deal, you have to return your check, and it takes sometimes up to a month to receive your items back after we receive the check.
10. If you only want the items that we do not find of any value back, you have to pay a 10.00 shipping and handling fee to have your own items returned, which varies depending on sales for that week. IF sales are good, there is no fee, when we are slow, you must pay.
Cash 4 Gold is definitely not a trustworthy or credible company to do business with. You are almost better off taking your items to a local pawn shop or shopping around for other companies. With the economony the way it is, Cash 4 Gold seems to be a way out of financial stress for some, but in actuality becomes a stress of its own. I would advice you to think twice before sending in valuables or items inherited and of sentimental value. Its not worth it. I am not doing this as a way of Bashing their money making process :) but more so to warn everyone.

i will hold onto my gold thank you very much, but if any of you are interested did you know that there are several homes in YOUR neighborhood that you can buy for pennies on the dollar and make a tremendous profit off of when you fix it up and sell it?

/those two twin "little people" on late night tv can't be wrong.

I love the "Ads by Google" at the bottom of the article.

Money well spent... pinheads!



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Am I the first to question how the recession has even affected the Worlds of Warcraft economy? Wow, its bad for sure.

SharkTrager: Ah yes, a goldbug thread. The great thing about being a goldbug is how simple it is. They'll always say it's a great time to buy and hold gold.

Despite the fact that gold has a track record of around 4% annual return over the past 100 years, plus it pays no dividends for ownership. It's a shiny rock that chicks like, therefore it's expensive.

12349876: And then there will be the dimwits who send off a piece of gold jewelry that is worth more as a piece of art than the gold that it contains.

TommyymmoT: Like watches. Worse yet, many send them in with gem stones intact, thinking they're too small to be of any value.

"Junk. Junk. The plane's upside down. Stradi-WHO-vius?"
-Homer Simpson
/from the Barbershop Quartet episode

you know who else liked gold???

jake3988: With rates at near 0%, if it hasn't collapsed by now... it will never collapse.

When people talk about the dollar collapsing, I usually ask "compared to what?" You have to find an alternate reserve currency. The Euro will eventually become a co-reserve, but it certainly isn't in a position to do so anytime soon.

As far as global zombie apocalypse barter town scenarios, chill out and pop in another Netflix. Jeez.

kmmontandon: Gold is only valuable if other people agree that it is.

Kinda like everything else in a capitalist economy.

Now that it's on fark, their company might as well cease to exist.

Philly: kmmontandon: Gold is only valuable if other people agree that it is.

Kinda like everything else in a capitalist economy.

Eh, I think gold is going to stabilize, as industrial uses for it increase (which they are - it's great for mission critical electrical connections, for example.)

lordargent: I'm going to create water4chocolate.com

You send me chocolate, and I'll send you fresh mountain* spring** water.

/since I live in the foothills of a mountain, my tap water is technically 'mountain' water

/and by spring, I mean that's the season I'll be bottling and selling said mountain tap water.

Is that anything like Deer Park water? Cause if it is, fark that, I don't want a deer pissing and shiatting in my water.

Not sure about the average, but collection agencies will charge 40-60% of your legal winnings.

I sued a guy for nonpayment and won. He was a dick about it, so I sold it to a collection agency. I got just over 2000 out of a 3500 judgement.

Philly: kmmontandon: Gold is only valuable if other people agree that it is.

Kinda like everything else in a capitalist economy.

And in a the-economy-has-collapsed type situation, the odds of other people agreeing that gold is valuable are vastly diminished, libertarian masturbatory fantasies notwithstanding.

12349876: And then there will be the dimwits who send off a piece of gold jewelry that is worth more as a piece of art than the gold that it contains.

They must be employing hoards of art history majors in a warehouse somewhere. Imagine! A niche for liberal arts majors in the current depression.

In a total collapse of civilization, why the hell would I want your gold?

I like how they use the words "Extra Gold" WTF has "extra gold"?

/Soulless Profiteers

ITS BRITE AND SHINY. HOW CAN YOU GO WRONG!!!

/seriously, gold is a great way to hold money but a lousy investment.