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Why has there been such an uprising of Cash for Gold TV Adverts?
by on Tuesday, June 8th, 2010 | 4 Comments
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Question by Ben H: Why has there been such an uprising of Cash for Gold TV Adverts?
First it was the car insurance comparison adverts that drove me insane now the TV has suddenly become loaded with people trying to buy gold. All about free posting gold to companies and they then send you some money. Sounds ridiculous and it seems to come out of now where? Why now?
Best answer:
Answer by Mr. Rattlehead
If you read this article, it might explain it somewhat.
http://www.forbes.com/2009/09/08/dollar-euro-imf-markets-currencies-united-nations.html
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oh my god yes i think they just go crazy when they think they have the next best thing to get people’s money out of their pockets! every time i see the commercial i can’t help but think something is weird about it like do u have to take a professional goldman their with u to know if ure getting a good deal?
gold is a record high prices and people are losing their homes left and right and scrambling for cash…
so the hucksters came up with this cash for gold schtick to buy gold in bulk from lazy clueless folks that just want money now, and have no Idea what the stuff is really worth… so they fall for the scheme…
the schlep gets his money, the huckster gets the gold at a discount, and the refinery gets a whole mess of new gold it can reprocess and resell to jewelers at a profit.
everyone makes money and goes home happy.
Because it went up to $1,000 per ounce yesterday, baby! Cold hard American cash is not so hard right now, so folk invest in the alternative of gold. Also, a lot of OLD people who actually OWN gold things – probably the last generation of its kind – need dough and watch those commercials. They will sell that tea set gathering dust to make up for what Bernie Made-off made off with from their retirement funds.
Because the price of gold just went up, people are struggling to pay their bills. Quick money.