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Old 07-28-10, 09:20 PM   #21
Aramike
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Quote:
Originally Posted by nikimcbee View Post
How so? (the scam part regarding gold)
I was referring to what mookie pointed out (along with similar services), plus all the "sell your gold" advertisements. If you're not buying and selling direct at wholesale prices, you're getting ripped off most likely.

The problem with dealing in precious metals at all is that you are responsible for transporting and storing it. If you use a service for it, they are going to take a large cut off the top, which, even with the boom in price, will be hard to make up.

Finally, gold isn't accepted as currency in most cases so it only has value if you can find someone willing to buy it. While the market may be high, finding someone to pay that price is another story.
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