gatty

Why does every advert on telly want to buy our gold???

This a new thing right?

Maz

iTrader: (34)

It's a very good investment. Far more desirable than currency. You will yield a far better return investing in gold than sticking it in the bank.

Trout

iTrader: (1)

Just not for the last thirty years

joey_turbo

iTrader: (26)

Yep, its pretty high at the moment, and as there is only so much in the world, they might as well get all the odd scraps that people would just keep, as they don't know its worth anything.

gatty

so these adverts are funded by private investors? Or is there a bigger organization behind the adverts? Like the government?

joey_turbo

iTrader: (26)

Just people cashing in on and reaching a wider market of people that wouldn't sell, or even knew you could.

For years jewellers have being buying used/broken gold.

Same with people buying old mobile phones and cars for scrap or on the cheap.

And now someone has decided to try and reach the people that don't go out, or are too embarrassed/scared to deal with salesman.

So webuyanycar.com, envirophone.com and the like was born.

Thats my take on it anyway.

StickyMicky

That was what crossed my mind

I sent a phone off once to be "cashed in"
Never heard anything back ever again

joey_turbo

iTrader: (26)

Sold some gold recently. Couple of mainstream jewellers wanted to give 850 quid. It was only a guy on the market that would give a grand, but the mainstream shop said comeack if you get a better price, we will match it. Make you wonder what they are selling it for. Worked out as £5.19 a gram I sold for.

Jaybird-UK

They are cashing in on the chavs who maxed their credit cards buying sovereigns, BEST MUM necklaces and clown pendants.

Not sure what they offer per gram but I bet it's far less than Elizabeth Duke charged for their trinkets

MikeCardiff

iTrader: (2)

They do it because desperate people will sell their old stuff for way below the market value, then the people who buy it melt it down and sell it on. Makes more sense for them to weigh in jewelery rather than having to take the 48" TV down to cash converters.

Years ago the local pikeys used to offer the same service, and weren't too fussy about where the gold came from, if it still had blood on it, fingers attached etc...