Cash for Gold!

@p1kef1sh (45640)
December 17, 2009 3:30pm CST
Currently there are a number of TV adverts (commercials) fronted by earnest young men and women suggesting that I scrabble around my jewelry box (what?) and send them my "unwanted gold". They'll value it and give me CASH for it. When these companies advertise in other media, spam on the internet for example that often say "As seen on TV". Do these words somehow make these companies more legitimate. Are you influenced by businesses that advertise this way?
6 people like this
15 responses
@catdla1 (6005)
• United States
17 Dec 09
Those places are NOT legitimate. They will give you cash...just not what the gold is worth. When you send your gold to them in the 'kit' they provide, you are given options on how you want to be paid. If payment is in the form of a debit to a bank or credit card, you are stuck with whatever they give you. If you are smart and request a quote, then refusing the 1st and 2nd offers results in higher offers, or you can request that it be sent back to you. Anyone serious about selling broken jewelry would be better off looking in their phone book for local businesses that buy it.
1 person likes this
@p1kef1sh (45640)
18 Dec 09
Indeed I am sure that is correct. I just wondered if by saying "as seen on TV" influences peoples decision to use them.
1 person likes this
@dawnald (84146)
• Shingle Springs, California
17 Dec 09
apologies in advance for the wordy response: hell no
1 person likes this
@p1kef1sh (45640)
17 Dec 09
ok.
@dawnald (84146)
• Shingle Springs, California
17 Dec 09
• United States
17 Dec 09
I have done the CASHforGOLD thing. They really did send me money back.However, I wouldn't recommend it because the amount still wasn't that high and if you need quick cash, it's not the way to go.No, I'm not influenced by seeing something on tv at all.
@p1kef1sh (45640)
17 Dec 09
I read somewhere that these companies give about a third of the price as you can get by dealing direct with the valuation companies or smelters. Even high street jewelers offer more I understand.
1 person likes this
@elitess (5072)
• Ipswich, England
17 Dec 09
Hi there Pike. Well i have seen this commercials on the British television about getting cash for your unwanted gold but i don't think i would trust these companies in this purpose. I am not impressed by these words "as seen on tv" because lately i don't watch to much television and even if i do, i don't go watching tele-shopping.
1 person likes this
@MsTickle (24995)
• Australia
24 Dec 09
It's a bit of an embarrassing point with me actually Pikie. I purchased something online for my daughter's partner...you guys are so hard to buy for. When I saw this product I was thrilled because it's a useful sort of thing I thought and just the ticket for this person. The parcel duly arrived and imagine my shock/horror when it has a garish star with the words "As Seen on TV!!" emblazoned all over it. Where I come from, those words translate to "Cheap, mass produced rubbish".
@p1kef1sh (45640)
24 Dec 09
LOL. I can imagine your surprise. Do you have a postman or did you have to go to the Post Office to pick up the parcel? The walk of shame afterwards!
1 person likes this
@MsTickle (24995)
• Australia
24 Dec 09
Oh no, we go to the P.O. to pick up everything...fortunately it was in a "plain brown wrapper that assures discretion" lol. The announcement is on the product box itself, so the shame will come sometime in the next hour or so when the gift is unwrapped.
@littleowl (7157)
19 Dec 09
Hi p1ke, for one I don't have any gold as my step-daughter stole what little I did have, and two there is no-way I would send any rings, necklaces etc to any of these people as they are or would be of sentimental value..and that is more than money can buy or replace...hugs LoLo
@p1kef1sh (45640)
19 Dec 09
I do so agree LoLo. How anyone could steal from you I just don't know. You give so much. XXXX
@littleowl (7157)
20 Dec 09
Hi p1ke, she never really liked me although I bent over backwards to do things for her and help her when her dad wouldn't but she was a rebelious teenager too..whatever jewelry mainly gold rings when I went to Africa which all start at 22carat gold she took from my jewellry box..I coaught with one of them on one day and she owned up that she had taken them but never did I see them after that as she was living with her mother, the only gold solitaire diamond ring I had left I gave to my daughter for her 18th birthday..now I have no gold jewelry so Cash for Gold haven't a hope in conning me! lol hugs xxx
18 Dec 09
These companies are a scam. Yes they make you an offer for your gold but it will be seriously below it's value. Then you have 7 days to disagree with their valuation, oops! Where is ther phone number? How do I contact them? If you do manage to disagree you very often get a much bigger offer, tho still well below the market value. Recently the price of gold has soared on the back of the economic situation. A lot of people don't realise this and when they are offered a lot of money for their gold they think great! Actually tho what they are being offered is well below what it is now worth. All these companies have suddenly sprung up for a reason. Gold is now very much in demand and if you have some I suggest you hang onto it for the time being.
@p1kef1sh (45640)
18 Dec 09
Thank you. My discussion is about whether the TV influences people to use these companies. But I can see that they are certainly a hot topic of their own.
@sid556 (31002)
• United States
18 Dec 09
Actually it has the opposite effect on me. I am always suspicious of those "As seen on TV" promotions. They are usually gadgets and whatnot that don't work nearly as magically as they claim to. As for the gold....I wouldn't trust it. They do have locally run parties for cashing in gold.....similar to tupperware type parties except you sell rather than buy. I can tell you that those are legit. If you get invited to one....start cleaning the jewlery box. My daughter had a gold chain that was broken. She got over 100.00 for it. Another lady got double for an earring than what the jewlers valued it at.
@p1kef1sh (45640)
18 Dec 09
I have heard the opposite about those companies Sid. I'd steer clear of them all. Not that I have any gold anyway.
1 person likes this
@sid556 (31002)
• United States
19 Dec 09
I don't know. They do seem overly anxious to help, don't they? I think they have to be making something off from it. I don't have anything of any value anyway. I turned in a few pieces of jewlery that I was pretty sure were junk and I was right...they were. Jewelry is not something I've ever put my money into and not something people give me as gifts so I don't even have any that I don't wear.
@gabs8513 (48714)
• United Kingdom
17 Dec 09
Well P1ke I know at least one of them is legit lol as a Neighbour down the road did it and actually got a fair amount But no I just do not trust these sort of things at all as I just can not believe they are paying out Money to People for old Jewellery fixed or broken
@gabs8513 (48714)
• United Kingdom
17 Dec 09
Nope not by my Books anyway
@Opal26 (17690)
• United States
18 Dec 09
Hey p1key! I never fall for the crappy adds that I see on tv like these! They more that I see them, the less that I believe and trust them! There are alot of jewelry stores here who are willing to buy gold and I think I would much prefer to deal with them directly! I'm not about to send any of my VALUEABLE GOLD to some unknown dealer when I can take them locally, have them weigh it and check it out right in front of me! No way! In fact I happen to have alot of broken chains and other broken gold pieces that I do intend to take and have weighed to see what I can get for them! I certainly need the money!
@p1kef1sh (45640)
18 Dec 09
Take them to a reputable jeweller Opal. I read that the TV companies only pay about a third of what the gold is worth.
@liquorice (3901)
17 Dec 09
These adverts look highly dodgy to me! And are the actors they use really meant to make us feel comfortable about sending them our valuable treasures? (Well, if we have any that is!) They're just plain annoying and patronising. I hope that not too many people use these companies, I don't imagine that they're very honest about what they pay. How do you know that they're valuing them correctly? And they must be out to make a sizeable profit on the back of the recession, so I can imagine that people must get paid peanuts for things that are really quite valuable (in money and sentimental terms). Something that really annoys me is that they run these adverts on some of the children's channels. So my daughter sometimes says to me "Mummy, Turn your Cash into Gold!" What is the point of showing them to children? Do they expect the kids to watch them and perhaps suggest to their parents that they might be able to afford to buy them the latest playstation game/barbie/annoying bleepy toy, if they would only send off their treasures in return for hard cash?? Unbelievable! (You've hit a nerve. Can you tell? Lol!)
@mylo2008 (55)
• United States
17 Dec 09
I guess to the human mind seeing something(as seen on t.v.) opposed to just reading about it somehow does make it more appealing not neccesarily legitimate. But as for getting cash for gold lets face it. I know of a lot of people including myself that have broken pieces of jewelry or pieces given to us by old boyfriends and such that are just there and has been there for years. A friend of mine had a cash for gold party and she received $500 for her pieces. But than again this was two months ago. Gold prices has soared.
@p1kef1sh (45640)
18 Dec 09
I have two pieces of gold - my signet ring that I was given on my 21st birthday and my wedding ring. I must have had a very deprived youth! LOL.
17 Dec 09
Hi p1key, Firstly, as if I would have all that kind of gold, knocking round my hose and really it is spamming on tv, I don't take much notice of all these rubbish adverts and usualy turn the mute button on as I just can't stand the back ground noise. Hugs. Tamara xxxx
@p1kef1sh (45640)
17 Dec 09
There's not too much gold here either Tamara. Lots of plastic though! XXXX
@ellie333 (21029)
17 Dec 09
Hi P1kef1sh, As they come in a special envelope too I guess that any casual postal staff would also know the envelope contained gold so no way will I be sending mine (although asset striped years ago there is maybe a pair of gold sleepers lying somewhere lol) I don't believe that as seen on TV makes much of a difference as which channel?? Huggles Ellie:)
@p1kef1sh (45640)
17 Dec 09
I agree Ellie. In fact I tend to be more suspicious! XXX
@Hatley (164392)
• Garden Grove, California
17 Dec 09
hi pikey uh huh well I have news for them. once I was desperate for some cash so I turned in my black hills gold rings and pins and all I got was enough for one fancy dinner out. then later I saw on ebay someone wanting to buy black hills gold ring for over a hundred dollars. I learned they are now quite rare and are very valuable. so wah sob sob I learned the hard way that you get very little when you sell to these scoundrels.As seen on TV just makes me run the other way. Live and learn.
@p1kef1sh (45640)
17 Dec 09
That's so awful Hatley. I heard that these companies give you about a third of the gold's real value and that a high St jeweler will usually give you more.