The present ads asking you to sell your gold why should you

I would suppose that someone would try anything else rather then sell something that they inherited from the grandmother, and I think there is an ulterior motive behind all these companies wanted to give you cash for gold. And I am also sure that someone lied when they said it was 24 carat gold. It could have just been gold plated. I would suppose that it would still be best to check the Better Business Bureau and deal with a legitimate dealer, not a fly by night operator.

24k is rare in jewelry, and almost unheard of in rings because it is too soft to retain it's shape with wear. Most likely plated, and the cash for gold companies will tell you if it is plated or filled. They do analyze the gold submitted to them, they just can't be trusted to be truthful about it's value.

That is why I would not trust them. If they say that I will get a full value for my gold, then I assume that they will pay top value for my gold plated necklace (I do not have one by the way) and if I were not that bright I would assume they would probably pay about $200 for it when it really cost one third that. So the gold buying companies are taking advantage of the people and unless it is a legitimate company that deals strictly in gold and not just to make a killing, it is a big mistake.
After all, there are ways to increase your income without resorting to this, and I am sure that social services, relatives, church, etc. or some organization will help out.

My husband got some gold rings from his parents, and a gold plated watch that is worth a lot of money. He went to the watchmakers and got it fixed and it cost quite a bit to get it done. But I am sure that he would not want to part with them as they are too valuable. Me/ I just got my gold wedding ring and I would be in dire straits if I parted with it. I would think that anyone who persuades someone to depart with an heirloom for money to feed their family is just crash. I mean, why not give them a no interest loan, or get people to help, social services, etc.

I figure that they are taking advantage of you and when money loses its value, they will have all this gold from those people they duped. It is best to get the jewelry repaired, and keep it because some day, you might need it. Whereas now, well you got hardly anything. I bet if Antique Roadshow showed up in your town years later, that that gold ring and necklace would have been worth quite a lot.

I never had inherited any gold, but my husband has a few from his mother and his father, and I am sure that he does not want to get rid of them. They have too much sentimental value. And I would not get rid of my wedding ring. I would have a hard time getting it off my finger though.

No way am I selling any gold or silver.

I suppose had those people thought it through that they would not get that much for it and someone was taking advantage of their financial situation, they would not either.

probably!

They probably also thought that gold goes down in value instead of up. Too bad they could not have the gold made into bars and kept in their name.

that would work! But I would rather have my jewlry

I do not have that much, but if I really needed it, that is, if there was a depression, I want something to fall back on.

I see

I keep wondering why they are doing this.Do they know something that most of us do not, that the American dollar because it is no longer backed by golf, will soon turn the way of the German Mark of th 1930s? I know what it is like when you throw awy things that are later found to be valuable. So I feel that if a group, or several companies try to get you to get rid of something that might be valuable, that you are going to get screwed in the end. And you could easily get someone to melt it down for you.

I would think that in a case of a medical emergency, like if someone needed help right then and there and delay would mean they would die, that would be the exception or if the medical insurance ran out. But to just get a few dollars or hoping that you would get maybe one hundred for something that is only worth 20 is just catering to greed.
And since your husband died, I suppose his medical insurance ran out when he died, so you had not that many options.

From we married he wwas hyoertensive and in those days this meant that he could not receive medical insurnace. Crazy isn't it. So it took all of our money to keep him alive in this country

That is terrible. You and your husband of all people should be the ones to receive medical insurance. It is unfair that those who would more then likely be in the hospital do not get the benefits, while those who rarely are sick do. Maybe they should name it the "ONly if you are well you pay health insurance."

Yes, but will you get its face value or will you get cheated? And would the old class ring be later valuable? I remember when my maternal grandmother was alive everyone got a plate for Queen Victoria's jubilee. She did not sell hers, but lots of people did and now hers is worth way more then it would have been.

what value is there to an unused bauble?

We used that plate my grandmother got for Queen Victoria's jubilee as a salad bowl. It was made of glass and since it was only made for that year it was quite valuable as was also her wedding china because they do not make that pattern anymore. And we did use it quite extensively until I found out how much it was worth and now I dare not even touch it.
Actually had the others kept their commemorative plates it would not be worth anything. I also had some jewelery of my mother's but I knew it was rhinestones and copper and costume jewelery and I would not try to get more money by assuming it is gold. But I suppose there are some people who look at their jewelry and decide that that rhinestone, etc is a diamond and that piece is coated with real gold or silver and not gold colored or stainless steel.

They will regret it later, when and if the dollar goes down hill and they find what they got from selling their jewelry is not worth that much. I think that the gold and precious stone buyers are taking advantage of the situation. Now if there was just one company, but right now there are several companies asking people to part with their valuables.

Thank you for that wonderful B.R. Good day

You're welcome. You made a lot of sense. I suppose some of them will regret it later when they find out that gold has gone up and the dollar has gone down.

I can understand some people not wanting to use their savings because if you have been working at low end jobs and only able to save like 5 cents a month even though it adds up, they feel if they have to spend the money,they may have to work just as long the first time to get what they lost. Still I think it is horrible for companies to want people to get rid of the only valuables they have. And I wonder what they have in mind next.

I think the people doing this are in the same category as those who buy houses from desperate individuals at extremely low prices, and can afford to hold on to them until the market adjusts, and then sell at huge profits. They're taking advantage of thosa in a desperate financial state.

My youngest brother-in-law and his wife bought one of those houses in Edmonton, Alberta when the oil industry went bust and people just left their house.
They lived in it for a few years until he got offered a job in British Columbia, so he sold the house and they moved. They found this other house that had been on the market and there was no buyers and bought it. It id s little large. but they love living in B.C. so I do not think they are exactly speculators. But it is rather hard to find. You go up one street, turn one way, go up another little street, turn this way and that.

I only have my wedding ring, but my husband has his father's gold plated watch and he is not going to sell it. I think that those who want people to sell their gold stuff are preying on the hard economic times we are in right now. And I am sure the people who own the jewelery were not spend thrifts that got over their heads. much of what they had, they inherited from their parents, grandparents, and great grand parents, and that should mean something.