cash 4 gold . com ?

[Aquah0lic]

CBS news did a story on gold buyers and these guys were the worst of the bunch. They sent a check for about 1/4 of what everyone else offered for the same gold. When CBS called to tell them no deal, they doubled the offer instantly. I think they have shameful ethics and would like to see their ads removed from this respected site.

[MarkJ]

Originally Posted by Aquah0lic

CBS news did a story on gold buyers and these guys were the worst of the bunch. They sent a check for about 1/4 of what everyone else offered for the same gold. When CBS called to tell them no deal, they doubled the offer instantly. I think they have shameful ethics and would like to see their ads removed from this respected site.

We saw those ads while in the USA

LOL

Of course an American coined the phrase: Theres a sucker born every minute."

So you should be used to it.

[stevensc]

"Theres a sucker born every minute"
And two to take him!
Steve

[Badsanta]

Could it be that the gold is stolen, so nobody complains about the low prices? I know pawn shops keep records, but are these people required too? after its melted it's hard to identify.

[Tropic Cat]

Although Gold is traded every day around the world in open markets, it's a little known fact that when speculators attempt to purchase Gold for actual delivery, it can not be purchased at any price.

[Andy R]

I just wanted to chime in regarding the ads. Forums are generally very high page view sites with very low click through rates. That means they are expensive to run and generate less income then most sites. Cruisers Forum is part of some ad networks that automate the ad serving that offsets the cost to keep the site running. I have little control over the ads. Please understand that in the tough economic times it's important for Cruisers Forum to stay afloat. Thanks for your understanding!

[Morgan Paul]

No problem Andy. I understand. Thanks for the Forum.

Paul

[Aquah0lic]

Yes, I now understand as well. Thanks for this great site.

[TaoJones]

Originally Posted by Tropic Cat

Although Gold is traded every day around the world in open markets, it's a little known fact that when speculators attempt to purchase Gold for actual delivery, it can not be purchased at any price.

Absolutely true, Rick, and when the reality of this "backwardation"* sinks in with the investing public, memories of the recent selling-panic will vanish, and a gold-buying panic will quickly set in.

*Backwardation is the rare phenomenon whereby the price of a commodity in the nearest delivery month is higher than the price of the same commodity in future delivery months. In a normally-traded futures market, the further out in time one contracts for delivery, the higher the price of the commodity. These accompanying carrying costs are a function of the inherent risks which accompany increased time until delivery, and are called "contango." When contango disappears and prices go into backwardation, the markets are revealing that the underlying commodity is no longer available for immediate delivery.

TaoJones

[David M]

I beleive you can buy Canadian Gold Maple Leaf coins immediately. A brick of gold...no.

[camaraderie]

When I checked a few on line places a couple of weeks ago...all the gold coins were out of stock but you could still buy various bullion items. The coins were selling for about 8-10% over their spot gold price and it was 8 weeks to deliver! It looks as though there is already a run on gold coins and with all our paper money being devalued by massive deficit spending, and the markets in tilt...it may be one of the few places left with intrinsic value.