Gold gold and more gold..

..All these gold adverts appearing on the box lately urging folk to chuck all their gold items into a bag and send them to some strangers.

Sounds like an opportunity for being ripped off to me.

What d'you reckon?

Yarrrrr

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Me hearty? Be that you?

Gold is expensive now, lots of money in it.

I bought a gold chain on impulse because I thought it was cheap (for what it was) a few years ago, I don't wear it but when I took it to be valued a few months ago I nearly fell over.
It was just lying in a drawer too.

Sadly I can't wear it unless I want to look like this...(minus the cross and hairy beer belly...and tache)

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Wolf in wolfs clothing.

For whatever reason, scrap gold prices are currently pretty good, which means everyone wants to buy your broken jewellery, mismatched earrings, etc etc. And then there's a recession on so many folk want shot of their gold...

And thus such companies spring up. Careful though, most will offer you a bit less than your local pawn shop, but you have to send it off for a valuation so there's a fair chance you wouldn't bother to have them sent it back if only slightly undervalued. Plus the fact most people haven't the first clue what it's worth.

Top tip - they have zero interest in stones, they are taken out and at best used to replace missing ones from someone else's broken piece, they are not re-used in new jewellery.

AMorti, whose mother works in a jeweller's.

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I used to be BlessMyCG, long ago in a dark place.
Love, peace and unity!

i would have thought that the gold companies would want to buy whne gold is cheap, hang onto it and sell it now - when it is expensive. So why are they all buying now - is it just because they think that people are going to sell now?

I reckon when the prices drop a bit I shall buy a load of old gold and then just wait for it to go nuts again.

hang on, i just posted my 2ft long 3lb gold chain off this morning after seeing just such an advert on telly .

Your not saying i've been done over are you ?

Nay

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People dont know how much gold is worth. You send it off to the company, they make you an offer. I'm sure that offer is not going to be the best you could get but since you could not be asked to get yourself down to a jewellers chances are you'll accept the price offered. Obviously the price offered will ensure that said company will make a profit.

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But how many of those envelopes actually make it to the gold companies?

These envelopes are freepost....I keep thinking about sending them some gold foil covered chocolate coins, but I never get round to it.

When I sent off my 2 cases of stolen nazi gold that I'd recovered from a sunken U-boat that was on it's way to Brazil at the end of the war, they offered me well below market value.

You mean...... they could become the victim of a postie strike.



Where's me jacket?

I've used them. We had several 'broken' bits, ols chains, old ear rings of the wife's. Stuff you couldn't sell at the jewelers/pawn broker. Got a resonable wedge for not a lot of broken bits. Result!!

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You could probably get a good scrap price on the sub though... If the pikey's don't get to it first that is.