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IMHAL

New Ads On Tv And Market Stalls

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Over the last week I have noticed two new companies on TV buying gold (on addition to the two that sprung up a month ago) and was suprised to see in the centre of Norwich a little stall handing out leaflets touting for gold.

I like to keep an eye open for a rise in gold buyers as this could point to a general mass market awareness of gold - which would/could I dare say send the price of it sky high.

Mods - this is a serious post and not a gold ramping thread - what is happening out their is starting to hit main street.

Anyone else seen if there has been an increase of activity?

Edited by IMHAL

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Note - these ads are for companies trying to lure gold out of the hands of small holders. They use tag lines such as 'get rid of your old gold' or 'get cash for your gold'.

These do not worry me.

I would be worried if ordinary people started trying to BUY gold in this manner. The fact that they are so willing to part with it for CASH (!) - often below market prices - means they have no understanding of what is coming.

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Living near central manchester, as well as getting god knows how many takeaway menus and taxi cards through my letterbox, I've started to get flyers offering to buy all kinds of gold jewellery.

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Living near central manchester, as well as getting god knows how many takeaway menus and taxi cards through my letterbox, I've started to get flyers offering to buy all kinds of gold jewellery.

Indeed. Again, people trying to lure gold from unwary/uneducated sellers. Completely different from Mr. Smith and his friends all trotting down to the coin dealer to purchase bullion.

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I noticed this too. I wonder how many gold items bought off TV shopping channels a couple of years ago find their way into this new goldrush.

It seems 'We buy your unwanted gold' is the new 'Have you been injured at work, or while out shopping?' ........................

Edited by blankster

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This has been a big thing in America for well over a year, with lots of ads.

Now there are "tupperware-style" parties in the UK to get people to sell their jewelry.

It's a good money spinner which is why they are advertising and I guess more people

are in need of some extra cash because of the recession and the credit squeeze.

Those selling get only 70% or less of the spot price. They would be better off contacting

a big bullion dealer in London who sells to gold refiners.

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Over the last week I have noticed two new companies on TV buying gold (on addition to the two that sprung up a month ago) and was suprised to see in the centre of Norwich a little stall handing out leaflets touting for gold.

I like to keep an eye open for a rise in gold buyers as this could point to a general mass market awareness of gold - which would/could I dare say send the price of it sky high.

Mods - this is a serious post and not a gold ramping thread - what is happening out their is starting to hit main street.

Anyone else seen if there has been an increase of activity?

Cash for gold... Finance for the desperate:

Lost your job?

Maxed out the credit cards?

Sold your house to the buy and rent back mob?

It is just a sign that despite the spin and the ramping, in the real Britain, the economy is severely screwed.

It gets really interesting when companies start offering to buy one of your kidneys and the fit middle aged ladies are working as escorts not driving beamers!!!!

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This gold buying business model has always been around and does very well during periods recession.

For obvious reasons.

Edited by ontheirwaydown

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This has been a big thing in America for well over a year, with lots of ads.

Now there are "tupperware-style" parties in the UK to get people to sell their jewelry.

It's a good money spinner which is why they are advertising and I guess more people

are in need of some extra cash because of the recession and the credit squeeze.

Those selling get only 70% or less of the spot price. They would be better off contacting

a big bullion dealer in London who sells to gold refiners.

The one who set up stall in the town centre was offering £500 quid for a krugers that seem to be selling on ebay for £650, about 75% of selling price.

It would seem to be a simple job to hand out leaflets on the street asking to buy gold coins - then look up the value on ebay and offer 70% of spot price. Or am I being too simplistic?

Edited by IMHAL

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Over the last week I have noticed two new companies on TV buying gold (on addition to the two that sprung up a month ago) and was suprised to see in the centre of Norwich a little stall handing out leaflets touting for gold.

I like to keep an eye open for a rise in gold buyers as this could point to a general mass market awareness of gold - which would/could I dare say send the price of it sky high.

Mods - this is a serious post and not a gold ramping thread - what is happening out their is starting to hit main street.

Anyone else seen if there has been an increase of activity?

I saw a small stall in Castle Mall last week - it was a surprise to me too... although I didn't see anyone doing business with him.

I was chatting to my brother about this, the ads he (London) gets on TV are different to the ads we get here (Anglia) - and aimed at very different markets - the ones that stand out to him are one of an old lady happy to get rid of a few bits and pieces to give her pension a boost/to buy a treat with, and another of a well to do looking woman delighted at the amount of money she got. The ads that are in my mind are of the chap who doesn't blink and tells us to put all our jewellery into an envelope and send it to him, and another of a slightly chavvy female who who got rid of her unwanted jewellery, and now has more spare cash - the latter looking like it could be aimed at the Essex market (it's stereotyping, but I've lived there, and it's true)

I'm presuming that if I bought a few bits from Argos and took it over to the man in the mall, I'd be looking at making a loss... considering that probably a lot of this stuff that's being sent to these scrap gold dealers is relatively recent purchases, you'd think that the sellers would feel a bit swizzed at the price they're offered.

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I saw a small stall in Castle Mall last week - it was a surprise to me too... although I didn't see anyone doing business with him.

I was chatting to my brother about this, the ads he (London) gets on TV are different to the ads we get here (Anglia) - and aimed at very different markets - the ones that stand out to him are one of an old lady happy to get rid of a few bits and pieces to give her pension a boost/to buy a treat with, and another of a well to do looking woman delighted at the amount of money she got. The ads that are in my mind are of the chap who doesn't blink and tells us to put all our jewellery into an envelope and send it to him, and another of a slightly chavvy female who who got rid of her unwanted jewellery, and now has more spare cash - the latter looking like it could be aimed at the Essex market (it's stereotyping, but I've lived there, and it's true)

I'm presuming that if I bought a few bits from Argos and took it over to the man in the mall, I'd be looking at making a loss... considering that probably a lot of this stuff that's being sent to these scrap gold dealers is relatively recent purchases, you'd think that the sellers would feel a bit swizzed at the price they're offered.

Castle Mall - thats the place.

I am assuming that they wound not touch Argos stuff with a barge poll - they want to make money and I assume they'd rather buy gold plated PCB's than the stuff they sell in Argos and other dross outfits.

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Indeed I am making a small fortune promoting these "money 4 gold" offers on the internet at the moment. All I need to get them to do is sign up for secure Royal Mail "G-Pack" to send their gold in, and I get paid.

Maybe I should buy some gold? :lol:

I'm not the only one. This week, my local Romford freebie newspaper pushed through letterboxes has a whole front page devoted to an advertising feature on selling gold jewellery.

Edited by HostPaul TAFKA Rover2000

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The one who set up stall in the town centre was offering £500 quid for a krugers that seem to be selling on ebay for £650, about 75% of selling price.

It would seem to be a simple job to hand out leaflets on the street asking to buy gold coins - then look up the value on ebay and offer 70% of spot price. Or am I being too simplistic?

I was talking about jewellery not bullion coins. You'll always get less than spot for jewellery

but how much less depends.

Under present market conditions few would sell a bullion coin for less than spot,

unless they are ignorant of the bullion coin market.

For coins you can get better than spot at CoinInvestDirect.

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In the England footy friendly against Holland the other day, it had "We buy gold for cash" or something like that in big letters on the digital hoardings. Quite a surprise to see really.

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Talking of ads, the Argos advert where all the family have bowlhead haircuts made me laugh out loud.

Much better than the usual rubbish about some smug twit driving a silvery car along an empty road somewhere.

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The one who set up stall in the town centre was offering £500 quid for a krugers that seem to be selling on ebay for £650, about 75% of selling price.

It would seem to be a simple job to hand out leaflets on the street asking to buy gold coins - then look up the value on ebay and offer 70% of spot price. Or am I being too simplistic?

No you are not being too simplistic. If your buying at 30% under spot then passing it on to a refiner for say 5% under then bingo 25% profit for pretty much zero effort. They do say that the simplest ideas are the best.

ps. One of the bigger coin dealers are buying for spot.

Edited by i'm Alan Partridge

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The mail in companies of course have a longer history in the US. They also have a long history of under weighing gold sent in, and losing items when people decline the pittance offered.

I await the stories of people getting ripped off over here.

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I popped into my local jewellers (out of curiosity) and asked how much they would give me for a 1 ounce kruga...the guy told me he doesnt get asked about them much and had to make a phone call..

..he reappeared and his reply was £340.. :blink:

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Over the last week I have noticed two new companies on TV buying gold (on addition to the two that sprung up a month ago) and was suprised to see in the centre of Norwich a little stall handing out leaflets touting for gold.

I like to keep an eye open for a rise in gold buyers as this could point to a general mass market awareness of gold - which would/could I dare say send the price of it sky high.

Mods - this is a serious post and not a gold ramping thread - what is happening out their is starting to hit main street.

Anyone else seen if there has been an increase of activity?

The recent advertisments are a huge sell sign in my opinion. When the shoe shine boy says buy gold that is when to sell.

I have some gold miners shares but think gold is due for a precipitous plummet to shake out all the sheeple investors before it has a decent rise again.

There are just too many people sayhing that gold will go to the moon and none saying that it will crash.

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I popped into my local jewellers (out of curiosity) and asked how much they would give me for a 1 ounce kruga...the guy told me he doesnt get asked about them much and had to make a phone call..

..he reappeared and his reply was £340.. :blink:

I'll give you £350. ;)

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I popped into my local jewellers (out of curiosity) and asked how much they would give me for a 1 ounce kruga...the guy told me he doesnt get asked about them much and had to make a phone call..

..he reappeared and his reply was £340.. :blink:

I'll give you £345. Heh heh heh ...

Woops. Make that £355.

Edited by Errol

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