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Is it me, or are there suddenly (in the last few weeks) lots and lots of adverts on TV for people who want to buy "unwanted" gold jewellery?
If, as they say in these adverts, the price of gold is at an all-time high, isn't it rather poor business sense on their part to be buying right now?
Is it not more likely, perhaps, that they are trying desperately to amass stocks of gold because everything else is about to go through the floor and/or down the plughole?
Not that it affects me--I have one count it one item of gold jewellery, and they'd have to cut my finger off to get it--but if more proof were needed that things are going to get much, much worse before they even think about starting to explore the possibility of setting up a committee to discuss issues around maybe getting a little bit better...then I can't think of a more likely piece of evidence than anonymous bods trying to corner all the precious metal they can get their hands on.
Time to lose myself in a good book. Or a fast smallship. Or something.
If, as they say in these adverts, the price of gold is at an all-time high, isn't it rather poor business sense on their part to be buying right now?
Is it not more likely, perhaps, that they are trying desperately to amass stocks of gold because everything else is about to go through the floor and/or down the plughole?
Not that it affects me--I have one count it one item of gold jewellery, and they'd have to cut my finger off to get it--but if more proof were needed that things are going to get much, much worse before they even think about starting to explore the possibility of setting up a committee to discuss issues around maybe getting a little bit better...then I can't think of a more likely piece of evidence than anonymous bods trying to corner all the precious metal they can get their hands on.
Time to lose myself in a good book. Or a fast smallship. Or something.
no subject
Date: 2009-09-11 11:16 am (UTC)no subject
Date: 2009-09-11 11:18 am (UTC)no subject
Date: 2009-09-11 12:01 pm (UTC)Gold is, according to the BBC, up at or close to 1000 currency units (I unremember whether they were US or UK currency units) per ounce, which does seem ridiculously high to me. As you say, buying when high sounds strange, I do wonder what the scam is. (I haven't seen any TV adverts at all for a week, and then only a few between Scrapheap Challenge reruns, so Ihaven't seen the ones in question.)
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Date: 2009-09-11 12:16 pm (UTC)I don't quite understand why gold is as high as it is
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Date: 2009-09-11 01:39 pm (UTC)http://news.bbc.co.uk/2/hi/business/7450751.stm
http://www.321gold.com/editorials/phillips/phillips090606.html
(read near the end, after silver)
no subject
Date: 2009-09-11 01:41 pm (UTC)no subject
Date: 2009-09-11 01:48 pm (UTC)no subject
Date: 2009-09-11 02:02 pm (UTC)no subject
Date: 2009-09-11 12:29 pm (UTC)Mostly a scam
Date: 2009-09-11 01:33 pm (UTC)You send them nice gold pieces, you get offered a "scrap" value (based on weight and karat) minus various admin costs ... you'd get a better deal going into a local jewellers or cash converters, and I wouldn't expect you to get a good deal there either, but at least it would be in person and your gold wouldn't be lost or stolen.
http://cashforgoldscams.com/scam30.htm
http://cashforgoldscams.com/scam4.htm
and many many more
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Date: 2009-09-11 01:48 pm (UTC)Nothing is going to happen to currency. It will always be internationally supported as socialism may be evil for the little people like us but manipulating the circumstances of fate for the rich is, of course, a noble deed.
Oh, and yeah, it's a scam.
no subject
Date: 2009-09-14 08:49 pm (UTC)Beware Of Passing Gollums...