Ca$h for Gold - Update
Today's Not-So-Local Rag, aka Yellowwich Time, sports a full-page ad for those wonderful folks from Ca$h for Gold. Now, as a potential vendor, you need to ask yourself this: isn't that a fairly expensive form of advertisement? And isn't the Hyatt Regency a fairly expensive venue from which to run a business? Where does the money for all of this overhead come from?
The answer is simple: right out of your pocket. Do the math, and don't be a sucker. Caveat vendor!
Update to the update:
Mike said...
I would strongly suggest checking out the Silver and Gold Exchange before selling gold or silver to ANYONE. I did a great deal of research, online and offline, and learned a lot about this business. I checked pawn shops, jewelers, "gold parties", hotel "buying events as well as the online buyers, including the "as seen on tv" guys. I found that the Silver and Gold Exchange paid more than anyone else I could find. I liked the fact that they post the prices they pay per gram (beware of the places that quote in pennyweight/DWT) on a live price chart at http://SilverAndGoldExchange.com I also checked out their Better Business Bureau report and found they have never had a single complaint as opposed to HUNDREDS of complaints some other companies have! I can recommend them 100%
November 19, 2009 8:13 AM
The answer is simple: right out of your pocket. Do the math, and don't be a sucker. Caveat vendor!
Update to the update:
Mike said...
I would strongly suggest checking out the Silver and Gold Exchange before selling gold or silver to ANYONE. I did a great deal of research, online and offline, and learned a lot about this business. I checked pawn shops, jewelers, "gold parties", hotel "buying events as well as the online buyers, including the "as seen on tv" guys. I found that the Silver and Gold Exchange paid more than anyone else I could find. I liked the fact that they post the prices they pay per gram (beware of the places that quote in pennyweight/DWT) on a live price chart at http://SilverAndGoldExchange.com I also checked out their Better Business Bureau report and found they have never had a single complaint as opposed to HUNDREDS of complaints some other companies have! I can recommend them 100%
November 19, 2009 8:13 AM
posted by Bill Clark | 11/18/2009 12:35:00 PM
6 Comments:
Thanks, Mike! I'm going to try to move your comment up into the blog itself, so that everyone sees it.
http://SilverAndGoldExchange.com post bogus positive reviews (Deceptive Advertising, phony propaganda) all over the web to decieve the public. BEWARE!!! This is a SCAM!
"Erik" above is a competitor of the Silver and Gold Exchange and has posted almost identical comments all over the internet under dozens of different names. Sadly, there are gold buyers out there that would rather post phony comments attacking honest businesses than provide their customers with fair prices and operate with integrity. We are a Better Business Accredited business with ZERO complaints...ever! We have scores of positive reviews and testimonials on our website that are authentic and verifiable. I am also available at 800-266-9395 extension 5 to discuss our business and it's flawless reputation and record with anyone.
Best Regards,
Mike Ferreira
Silver and Gold Exchange
http://www.SilverAndGoldExchange.com
It's a cutthroat world out there in the gold-buying business, it appears. Once again, the message is "Caveat vendor" - let the seller beware. Use a neutral site like APMEX.com to ascertain the spot price of gold, and even to check the wholesale buy/sell prices of certain well-known gold coins. If someone offers you even a few dollars less than the APMEX buy price, just walk away.
Silver and Gold Exchange left a second post yesterday stating that "Erik" is actually a buyer for Ca$h for Gold, and thus a competitor seeking to damage their business. I have not put "Erik's" post up in the body of the blog, as I did "Mike's", because the negative tone of "Erik's" is self-evident. However, his post serves as further evidence that this is a dog-eat-dog business, which is while I shall allow his comment to remain for the moment. If he is indeed a part of Ca$h for Gold outfit, then you, dear reader, can infer what I think of him from what I have already written about that company.
Hi,
I just wanted to clarify that we do not believe the libelous comments are coming from the company "Cash4Gold".. or any other major buyer for that matter. This person is a local buyer that is agitated over our posting the prices we pay online as well as other ways we are "cutting into his business".
And Bill, you are right on the mark stating that this is a cutthroat business. I was an antiques dealer for many years before getting into the gold and silver business and it has been quite a culture shock. It has gotten to the point that at times I am almost embarrassed to tell people what I do for a living because of all the scammers and sleazy operators out there. So, I just continue on with the philosophy of "do the next right thing" and hope that it people recognize that when they decide whether or not to do business with us. And, even if they do not, at least I can sleep well at night, which is much more valuable to me than all the money the ripoff guys are making.
Okay, folks, there you have it: the inside view. As in any other profession - or perhaps even more so - the precious metals business has its honest and its less-than-honest practitioners.
So do your homework, and above all, avoid the Ca$h4Gold outfit, which is still taking full-page ads in the local rag with the less-than-truthful "Four Days Only!!" headline - as they've been doing, by their own admission, for some two years now. Remember that the money for these ads, and the Hyatt Regency room rents, come right out of the pockets of unsuspecting buyers. Don't be one of them!
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