SurgingGold Pricesand Gold Scams

Gold - A Brief Overview
Gold (element symbol Au) means 'shining dawn' in Latin and carries the atomic number of 79. The shiny metal holds value in coins, jewelry and artifacts, and has been a symbol of wealth and power since the beginning of recorded history. It's been a store of value for more than 5000 years. Historical accounts of ancient Egypt say that gold was abundant than dirt. Millenium later, governments used gold for buying power and commerce, known as the gold standard, where paper money or instruments represented a store of gold reserves. The gold standard came to an end in 1971, and in 1975 the price of gold was finally allowed to fluctuate in the free market.
Is Gold Running Out?
About 180,000 metric tons of gold have been unearthed in history, which is a little more than the amount needed to fill two Olympic-size swimming pools. More than half of that gold has been mined during the last 50 years. The world's largest deposits are being depleted, and new large gold discoveries are rare. Extracting gold is most cost efficient in large, easily mined deposits. Since 1880, South Africa has been the source of most of the world's gold supply. About 50% of all gold ever produced has come from South Africa. In 2007, China overtook South Africa as the world's largest gold producer. Searching for gold is now a family affair involving small mines in developing countries, where women and children are often employed in hazardous labor at minimal pay. Motivated by rising prices, corporations and individuals are searching for gold the worldwide.
Gold: A Bu Bu Bubble?
Holders of gold commonly store it in the form of bullion coins or bars, or through investment vehicles like ETFs (Exchange Traded Funds), futures contracts or mining company shares . Investing in or owning gold is used most commonly as a hedge against inflation, political or other economic uncertainty. The current economy is no exception. The continued collapse of the U.S. dollar and the failing of the United States economy under the mulatto Muslim President, Barack Hussein Obama, sent many investors to flock to gold as a possible safe haven.
The investment firm Goldman Sachs put a ,650 price target on gold for 2011. As of Oct 7, 2010, gold futures contracts reached an all-time high of ,364.77 (unadjusted for inflation). Like the recent internet and real estate bubble, some claim that gold is starting to show signs of a speculative bubble. With jewelry accounting for two-thirds of the demand for gold worldwide, some analysts say there is no fundamental support for the rally.
The Boom in Gold Scams
Advance fee fraud, romance scams, investment scams and other criminal operations related to gold are increasingly common. Such scams can range from a business claiming to be a gold bar, gold dust or gold coin supplier to an individual involved in the shipping, investment or sale of gold. Gold scams are common in West Africa but no country is immune. Scams can take place in any country. Investing or buying gold via the internet is especially suspectible to fraud and scams. Gold coins, bars and dust can all be manipulated in quality, or even fake.
Ghana: Mother of Gold Scams
Gold investments in West Africa are booming, and the relative political stability in Ghana, West Africa has made the country one of the most attractive new mining investments in Africa. Ghana is Africa's second-largest gold producer after South Africa. Large international players like Newmont Mining Corp and AngloGoldAshanti have been joined by smaller players like Randgold Resources, Keegan Resources, and others. Industry observers see potential for more deposits in Ghana, and consider the country as still under-explored. New gold finds here fast become the acquisition target of large corporations.
Scam and criminal operations are growing at least as fast as the gold boom. More criminals and scammers mean the risk for getting in on the action in West Africa is very high. Gold scams can involve real government agencies and documentation. Criminals and fraudsters can speak the industry lingo and even provide detailed contracts, shipment details and photos of operations and facilities. Ghana gold scammers are quickly becoming experts.
Minimizing the Risk & Investing Safely
Deals involving gold purchase, shipment or gold investment via the internet is especially prone to fraud and scams. For cases involving West Africa, a Ghana private investigator, due diligence or Ghana background check service should be used to verify representatives and business operations. For reliable and professional services, there is U.S.-based Wymoo International which has global operations and field investigators in Accra, Ghana. Another option is Oak House Company which is a small private investigation firm in Accra. Investigators conducting due diligence or background checks for gold should have contacts Ghana government agencies like the Ministry of Lands and National Resources, eological Survey Department of Ghana, and the Precious Minerals Marketing Corporation (PMMC).
Many false companies are now registering with government agencies, making the verification process even more complex. Because of all the gold scams that can take place, conducting international due diligence or a background check is key. To be safe, all international gold deals and transactions should be verified by a professional investigation company.
All the Best,
S. Birch
2010 S. Birch
Frequently Asked Questions
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QUESTION:
Need more info on gold scams?
We are a small gold buyer in the U.S. and are trying to buy gold from small suppliers in some developing countries in Africa and also China. I'm trying to learn more about potential scams and fraud so we don't lose money. Any ideas or suggestion where I can find out more? Thanks!-
ANSWER:
You're definitely taking the correct approach by doing some research and being skeptical. The run up in gold prices has brought the scammers out of the woodwork. It's a bad economy all over and investment scams are duping people more than ever, since more people (and scammers) are looking for opportunities and a way to make money. Gold prices have got the most attention after hitting record highs, both by investors and criminals conducting fraud. I'm not sure where in Africa you're looking, but Africa and China are both very high risk markets. South Africa and Ghana are the largest producers in Africa, and China is actually the largest gold producer in the world now since it overtook South Africa in 2007. West Africa seems to be where the action is for new investment. Bottom line is not to do business with anyone without having them verified first by a due diligence investigation or background check, or having a company recommended to you by a trusted business partner, etc. There is too much fraud to go it alone. I think Wymoo International is your best bet if you want to verify companies in China or Africa, they offer due diligence and have field investigators in most countries. You want to be sure that any claimed company is registered with the government, licensed and has a proven track records of honest operations. Gold scams can be very complex, so don't be fooled by supporting documentation, photos or contracts. There have even been "companies" registered with the government to appear to be legit when in fact they don't exist - a lot of corruption. So, be skeptical and get some offers from some gold producers or miners or sellers, (don't give out any personal information or payment), get a background check or due diligence investigation to minimize your risk, then make an informed decision.The other post is correct; never send money via Western Union. Use your bank or escrow service and contacting the embassy or consulate is also a good idea to get started. But, the most important advice is to not engage in any business deal or transaction until the seller is verified.
I just read a good article on this exact same topic, I'll post the link below.
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QUESTION:
How do I invest in Gold, like simple investments of 1 or 2 ounces? What scams should I be awre of with this?
What is the format, whom to purchase gold ounce ect. I am extremely new at investing but I do keep my eye on the various markets.-
ANSWER:
If you have to ask for gold investment advice on Yahoo Answers
then this is not the field for you.
Do your due diligence elsewhere before you get into a risky speculative field like gold.
You do realize that you can lose money as well as make it.1 Gold (oz.) = 634.960 US Dollar Monday, July 31, 2006
PS: Do NOT get involved with egold as suggested in a post below.
They are only used by online scams who can't use PayPal, etc
e-gold Ltd. Is a Nevis, West Indies company that is protected by being offshore and if and when they go south there will be nothing you can do about getting your money back.
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QUESTION:
are those gold commercials scams?
we just found a bunch of gold around the house and we want to sell some. are those commercials scams or are they good? if you've used one, which one and how much money did you get?-
ANSWER:
Consumer reports has some good advice on selling gold:"The Consumer Reports Money Adviser compared what one of the television companies offered for a gold band a couple of years ago with what a local jeweler and an on-line gold buyer would pay, the TV company paid a much lower price. Instead, take your gold to a reputable jeweler in your area for an appraisal. Note the carat of the metal, and ask the jeweler to tell you the weight in pennyweights or troy ounces. Use this online calculator to figure out the value based on the price of gold that day.Then quickly (because prices fluctuate) call several jewelry or coin stores and ask how much they pay for gold. Aim to get about 85 percent of what you calculated it’s worth. "
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QUESTION:
Are Buy Gold For Online games scams?
I am thinking about buy gold for a game, and i dont know if its a scam. Are they?-
ANSWER:
I've purchased gold for WoW several times without getting scammed, the most important part is going with a fairly reputable company. Since you can't exactly find reviews of these companies easily then the best way is by word of mouth.In the past I've used both IGE and DGameSky. If I was going to buy gold again I would probably go through IGE as they offer in-game transfer of the money by meeting your character somewhere and transferring the gold through the trade window. Some other companies use the mail system or auction house which can easily lead to you getting tracked and banned by Blizzard.
Just try not to buy gold from one of the sites that always spams in game, they aren't ones I would trust.
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QUESTION:
Which MMORPG Gold Selling websites are not scams?
Any reliable ones for "Legend of Edda"?
Any tips or suggestions from personal stories? Did you get banned?
Thanks.-
ANSWER:
I strongly suggest that you should go to http://www.igxe.com. As I know, there are a bunch of virtual currency store there. If you google it , various of site pop out. It is difficult for you to choose a good one. The good news is that I have rich experience on it. I have used quite a lot online virtual currency sellers, among which I find that http://www.igxe.com is the best one for the following 3 reasons:
1.Safe. If you use the site, there is no need to worry about your account security. You will never get your account banned or hacked. igxe is a professional site which will guarantee 100% security of your gaming and financial account.
2.Fast. The site provides the smoothest delivery to their customers. You won't stand the delay any more.
3.Cheap. igxe also provides the most competitive price. So you can buy more ingame currency with the same money.
That's why I recommend it to you. If you are interested in, just click: http://www.igxe.com
It will definitely satisfy you. Hope I helped.
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QUESTION:
World of Warcraft Gold Scams?
I see online you can buy gold for WOW from webpages?Which ones are the best? and how does it work?
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ANSWER:
buy gold will discrease the fun you'll get in playing, plus there is a chance of being bannedbut if you wanna try
try visit this blog
http://worldofwarcraft-guides.blogspot.com/but do that with your own risk
and i dont suggest you to do that
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QUESTION:
can you really buy gold for world of warcraft or are they all scams?
so im finding it hard to get enough gold for my epic flyer or training rather, and a few people on wow told me you can buy gold over websites, but they havnt bought gold themselves so im not sure about the whole thing. can the websites be trusted to deliver?-
ANSWER:
yeah I am pretty sure you can....my stupid sister does that lol
but if you get caught you can get banned and have the gold you paid for confiscated.
it happened to my sister.
i wouldnt do it.
i would rather make my own moneys.
LOL and DONT go to Gogoer if you go ANYWHERE!
That's where my sister went and they didnt even give her all the gold she paid for!
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QUESTION:
About pyramid Bussiness,network or MLM scams gold quest and questnet.?
Hello everyone About MLM NETWORK business these companies shows great profits to there customers and there members they try to convince u to purchase there product from them.the product was not cost more then 10% but it ask u to pay 100% like the bio disk its not cost more then 10 us $ but ask u 510$ and gold coins which weight only 10 percent of there actual price.
the company just trapping u in it pyramid business once u join u must bring three more people to buy there product and it return u 25% what u put at the first time
so think again u paid 90% more for the product actual cost at the first time and u convince ur friends ur family member to do the same 3 people or more.
so who is getting the whole profit.?
the product they sell it not available in market so think again u cant cancel the order in there website there is no cancellation option.
Beware don’t get trap in there web If u heard the name questnet. Stay away and tell others.
Goldquest and now they change the name questnet.
Check goldguest scam so u will get to know how this companies scam with millions in around the world and banned in India Nepal srilanka and other countries so they start again with questnet.
never believe in easy money making schemes. NETWORK or MLM or pyramid business always a trap scam and losing our own time and money.
Everyone likes to earn money so they use our weakness and shows us dreams which we never can make by brining our own relative like a pray to that predator.
U want to earn money 1 % by losing ur 99%? Your relatives ur friends money also is going to put in this business and only one is going to make a profit and it is the companies which robs u emotionally by telling u stories. And showing u dreams
if we get the money from them that means u make our friends and relatives lose there money to buy there product on 10 Times more price.
so think again why we waste our time and money and let our nearby people waste there money and time for those companies.
easy money is not very lucky always you cant buy happiness and its shows u always dreams nothing more then that. so open eyes.
before joining check you tube for questnet.scams or google read articles people who get trapped already they post there real stories.
Thanks To share ur time and views.
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ANSWER:
That's not really a question, but thanks for the info.
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QUESTION:
I know most gold kiosks and mail in kiosks are scams but 'exactly' which one gives the most money?
Does anyone know?-
ANSWER:
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QUESTION:
Are these commercials for gold investments a scam?
Lately there have been a lot of commercials, mostly on the cable news networks and talk radio, soliciting gold investments. Are these scams? Is there a better way to buy gold? As the value of gold has peaked, is it still a good investment?-
ANSWER:
Some o the commercials are scams yes. In fact many that I have seen are like cash for gold and buy this coin for this price or that price. The only commercial Ive seen that is not a scam are the Monex commercials. Any commercial that is trying to sell you a product and they give you a price for that product, it is a scam.I am a gold and silver buyer. And I can tell you that 100% of all TV advertised coins are a scam. Commercials that push knowledge of information such as the Monex commericals those are not scams.
Gold is not an investment. Making money on gold is NO reason to buy it. As to why you want to hold physical gold for long term the reason is simple. There is no counter party risk. Nobody will owe you anything. Gold in physical form is final payment and cant be debased. It is the "Currency of last resort" as Greenspan has stated many times through the years. Gold doesnt pay interest, dividends, doesnt restate earnings, has no lawyers, accountants, CEOs or CFOs lying to you on television. Gold doesnt ask for bailouts, doesnt go BK and cannot cook its books. Gold cant be debased or printed at the will of a company or governmetnt and holds its purchasing power.
Gold sits there as a store of value, is labor intensive, and a one ounce coin will not split into a bunch of half ounce coins at the direction of the pin stripped bandits on Wall Street. Also Gold is the ONLY asset class in the last ten years to increase in value and retain every dollar of its purchasing power.
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QUESTION:
What "money for gold" sites are trustworthy and which ones are scams?-
ANSWER:
It doesn't matter because you don't want to go on-line to sell your gold anyway. Do it locally. As you'll see from the following:http://www.officialgeezerguide.com/blog/2009/04/dont-fall-for-cash-for-gold-scam/ , you'll get better prices at a pawn shop. There are a lot more articles that state the same, but this one is easy to read. Also note the comments from other readers at the bottom.
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QUESTION:
Does anyone know of any scams by a man named Alan Smith in london who works with Gold.?
He is saying that he was in a car accident in Ghanna and his 7 year old daughter needs medical care and money. He says he owns four homes and is rich. Please let me know if this is a scam.-
ANSWER:
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QUESTION:
Whats the best website to buy Ruescape gold (No Virus and No Scams?
Please tell me~Jad5505
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ANSWER:
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QUESTION:
how can i register case against scam gold quest company?what is the formal procedure?
Did any one already complained?how we need to register?-
ANSWER:
You need to hire a lawyer.
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QUESTION:
Is cash for gold a scam? Are we really getting the truth?
The value of the american dollar WILL dramatically decrease. The only people left that will be able to survive buying food and other things will be those who have accumilated gold and silver. IF this is the truth, doesn't it make sense that the company cash4gold will willingly spend money to buy gold and silvers off of you?-
ANSWER:
It's not necessarily a scam, but more of a complete rip-off. I agree with some of the other contributors about the limited payout to you in order for the gold buyer to then sell for a considerable profit. I would not trust selling gold or jewelry online - it's always best to have it appraised and then sold at separate venues.Check out cashforgoldscams.com for more information on this specific type of 'scam'. Also, check out GetPayback.com for recent claims that consumers have posted to help warn the public about other scammers and rip-offs. If you have a scam to report you should file a free claim with them and warn the public and get payback against malicious companies or businesses.
good luck!
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QUESTION:
Is it possible to scam gold of gold sellers in World of Warcraft?
If it is could you please tell me how or link a video. (only reason im asking this is because my m8 got hacked and i wanna give him a B-day present.Hope you help me!!!! NEED HELP!!
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ANSWER:
If I understand you correctly you are trying to get back at a gold farmer that has hacked your friend, which method you are going for, I don't know. Trying to Whisper a gold spammer is about as useless as replying to a "Do not reply" Email. You can't send the farmer anything in the mail as the character they are spamming on rarely lasts more then 5 minutes before it gets deleted. NOW if your talking that you want to trick a gold farmer into giving you money, there is no way to do such. Gold farmers are usually played by bots that are being surpervised by the farmer itself. If you go to one of their sites, to even get them to talk to you, you must give them your pay pal # and agree that you are buying gold. Hope this helps.
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QUESTION:
Where is the safest place to sell my gold chains online?
I have heard that there are a lot of gold chain scam sites and I want to make sure that I know the safest place to sell gold chains.-
ANSWER:
The best place to sell gold chains online is Midwestgold.com. They are fair, they were honest with how they determined gold in my chains and rings and gave me the best price. These people are solid.
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QUESTION:
How to prevent gold scam?
I hear about these tungsten filled gold bars that are 500k each (400z) how can people check to see if its real or not? I heard that someone sold the government over a billion dollars worth of fake gold-
ANSWER:
raznakalan drill
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QUESTION:
What are some websites that sell runescape items and gold and dont scam you?
I want to buy runescape items and gold CHEAP and i dont want to be scammed.((((please dont spam or advertise on this page)))))))
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ANSWER:
Well, I've played RuneScape for over 4 or 5 years, and quite honestly, there are no SAFE sites for you to go on. Jagex does a great job keeping cheaters out of the game, and it will continue. Any site that breaks rules like this, will be shut down, the only people who truly bot successfully are the people who create their own scripts.Chances are, if you go to a site people are listing, it's aimed at stealing your RS account, and you will probably be infected by viruses upon opening the link, for the love of your account, please don't go to the sites, and please, don't cheat. You will be banned, there will be no warning, and you will get upset. Play the game the right way, and if you truly need any assistance or anything, PM me on here first, then we can speak in-game, I'm very experienced.
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QUESTION:
What is a good level and gold guide for WoW?
I want to get a good level and gold guide that are not scams, that are fast, and that are well known. I want to get to level 80 and go on raids because im only level 65 and i want to have enough money to get great gear. NOTE: I need something that is low priced because im not rich.-
ANSWER:
Hey man, I know a really good leveling guide that I been using and I got to level 80 pretty fast. I found a review for you too. Check it out.http://zygor-guide.blogspot.com/
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QUESTION:
Do you have any opinions ?What is a good level and gold guide for WoW?
I want to get a good level and gold guide that are not scams, that are fast, and that are well known. I want to get to level 80 and go on raids because im only level 65 and i want to have enough money to get great gear. NOTE: I need something that is low priced because im not rich.-
ANSWER:
Hey man, I know a really good free leveling guide that I been using and I got to level 80 pretty fast.Hope i'v helped, best of luck!
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QUESTION:
How does the Horizon gold card scam work?-
ANSWER:
I think its not actually a scam but its like a pre paid card which work only on their site.Its not like visa or MC and people says they charge high fees.Do lot of investigations and then spend your money if you actually want to do it.
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QUESTION:
I have a 12+1 Xbox live Gold Sub card; I am looking to trade it for atleast 800 MS points. No scams please.?
I am not looking to scam you, I just want to downnload Fallout 3 mothership zeta and I have always been online so I dont need this card. We will exchange the codes through email but i need an excuse from you why you dont want the MS points anyway. email is jamesgrindley@att.net)-
ANSWER:
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QUESTION:
is buying runescape gold a scam?
ive been curious, now that free trade is back, ive heard of people buying runescape gold? im not planning on doing this but was curious, ive been to some websites that ask for your characters name and password and others that just ask for your characters name and phone number to arrange a meetup. whats going on with this?-
ANSWER:
People do do this,for real, but you've really gotta be careful because there are some creeps out there who will try to gyp or trick ya if not worse...I think Jagex was selling gold on there a while back... I remember a kit being advertised a while back, though I don't know if they still do it.
Really, free trade is back? I haven't played in a couple months, but nice.
But yeah, some of my friends used to be hard-core into the game, and used to set up deals like that.
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QUESTION:
Is paying for gold in RuneScape against rules or a scam for people to steal your password?
I've heard about these and know some people that use them so I'm wondering if they're scams and if these people are just lying..-
ANSWER:
There are websites where it isnt a scam and you can genuinely buy gold for real money, however, there aren't many, and most of them are scams.However this is against the RS rules, and you will be banned.
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QUESTION:
Who else thinks all this money or gold stuff is a scam?
Places like
Cash 4 Gold
Dollars 4 Gold
Gold RushSo on so forth. Would you seriously send these guys your gold? I wouldn't.
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ANSWER:
Gold is a bubble, don't get in.The Fox guys are revving up fears and getting people to buy gold which is driving prices up artificially, but eventually people will stop being afraid and stop buying the price will go down below what people paid for it.
Those places don't give you nearly what your gold is worth.
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QUESTION:
What is the best way to go about selling gold?
I have some gold I would like to sell during this high time but have never done it and am worried about scams and sharks out there.What method would give me the most money for my gold?
Any and all advice would be appreciated.
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ANSWER:
If the gold is worth 10 grand or more it would be risky to walk in the street alone. (I would ask a gold jewelry store that don't rip off people much and tells them you know someone that want to sell gold you tell the person you think how much it's worth. After that bring someone alone with you for safety/witnesses, stay there so the buyer would not steal or ripoff you.
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QUESTION:
Is it safe to buy Gold Coins from the BSP in the Philippines?
I'm a coin collector and I'm interested in buying commemorative Gold coins. Is it safe to buy Gold Coins from the BSP in the Philippines? I know that there are a lot of scams out there so I'm wondering if the Central Bank there is any different from anywhere else (pawn shop).I heard that gold coins are sold there and I would like to know that they are real and not fake. Also do they sell other types of gold coins from US, Australia, Canada, China?
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ANSWER:
trust the government because if you don't you get deported. of course the central bank is trustworthy. pawnshops are regulated by the central banks and some of them do get into trouble.
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QUESTION:
How are off-market wholesale gold transactions conducted?
There seems to be a lot of scams out there surrounding offers for the sale of wholesale quantities of gold originating from West Africa. How would these transactions be properly conducted if they are legitimate offers?-
ANSWER:
Through legitimate brokers. Look at it this way, if there was so much discounted gold on the open market then legitimate buyers would grab it immediately. So they either are not legit or if they are legit it is pointless to deal with these unregulated iffy people when you can buy gold for close to the same price from a trusted source.
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QUESTION:
Need gold scam or gold fraud victims?
We are looking for individuals who have been a victim of gold scam or gold fraud. This would be for a news story and to inform the public about the new threat from gold scams and fraud. The individuals we are looking for can be a victim of any kind of gold scam or fraud, either in West Africa such as Ghana, South Africa or China. The person we use for the story can also keep their information anonymous if they prefer. The point of the story would be to inform the public and prevent future victims. Please email me if you know where we can find such victims, or if you are one of these people. All information can be kept confidential. Thanks! jeffwilson707@yahoo.com.-
ANSWER:
There are horror stories of victims posted at:http://www.scam.com/
http://www.scamwarners.com/
http://www.romancescam.com/
http://forum.419eater.com/forum/
But do keep in mind that victims have already lost money to an internet stranger and will be leary of anyone asking for information. Add to that, the fact that the mods and admins of such sites will also be suspicious of someone popping in asking for victim's stories, you may need to give some some more information about who you are and what exactly you are doing. Some victims have also been a victim a second time around with a refund/reimbursement type scam.
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QUESTION:
Are there any reliable sites for free GaiaOnline gold?
Almost all of the ones I've looked for require your Gaia username and password, or some sort of download. They're such obvious scams.It takes me for-EV-er to earn my gold the hard way. Are there any sites that DON'T ask for your personal information or stuff like that?
Only serious answers, please-- no rants about how Gaia is childish or how I should earn my gold the hard way.
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ANSWER:
Offgamers.com no questions asked, ive been buying cubi-gold off of them for Perfect World for months. It's the best! and they have all ur game currecny, and power-leveling needs. hehe
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QUESTION:
Where to sell gold jewelry?
I have a couple of class rings and a gold necklace I'd like to sell, but I'm afraid of being ripped off by one of the cash for gold scams. Where can I sell my gold for the most money?-
ANSWER:
I would recommend the Silver and Gold Exchange. Besides paying more than other places, they will contact you with their offer FIRSt, before sending a check. If you arent happy, they will send your rings right back. They also pay for trackable, Priority Mail shipping and 00 insurance, while other places use untraceable business reply mail and only 0 insurance. They are Better Business Bureau Accredited and what I liked best was that they published the prices they pay on a live price chart on their website at http://SilverAndGoldExchange.com
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QUESTION:
Why is gold sold on ebay so inexpensive?
Im looking to invest in gold. I look at websites like kay and amazon for gold and gold wheat chains range from 0 - 0? Then i go to ebay and people are selling the same products for 88cents to ? Are all of these scams on ebay? What is the catch to all of this.-
ANSWER:
you're probably looking at the bid price, which is NOT the price that it will sell for. Its just what someone is bidding for it for now. Thats how ebay works, you can look at other items that are expensive but the seller will start it at 99 cents bidding, and put a reserve price that you dont see.
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QUESTION:
I am thinking about taking some scrap gold to sell. What pitfalls and scams should I be aware of?
I am going to the nearest city to take some10 and 14 ct.gold Broken bracelets ,chains, rings (that I found ) not anything great. Maybe a gold coin . When they say 0 an oz, Do they mean 0. Or .60. I hate to be dumb ,but I have no experience in this avenue. Please relate some insight, and somethings to watch out for. I checked better business bureau. I will be taking a friend , and will weigh gold before going. What else.? They refine their gold there they are a jewelry design in a good SHOPPING district serious info only.
thanks for the link-
ANSWER:
That would be 0 per ounce. Assuming it's solid gold jewelry you're dealing with. Most jewelry is sold at 14 ct. or 18 ct. I'm not sure what a buyer of scrap gold is looking for...perhaps 24 ct (which is pure gold)? What I do know is that the higher the carat of the gold, the more pure gold is in it, so the higher the value. Check the links on your chains and the inside of the rings for the ct. content. That way you can know going into your sale what you should be getting for it.The 1st link below looks like a good website for everything gold (including the current price per ounce around the world). The 2nd link is specific to selling scrap gold, which relates to you. Do as much homework as you can beforehand. That way it's less likely anyone can take advantage of you. Good luck!
P.S. I just perused that 2nd link and it has GREAT TIPS on selling your scrap gold. Read the whole thing. It could be the difference between making some good money for yourself or not being paid what your jewelry is worth.
I'd say the wisest things you can do are:
1) take photos of all the items you're selling
2) catalog their gold content
3) remove any gems/jewels from settings, as well as other metals (like silver), if possible
4) weigh all the gold and document it
5) take the items to a jeweler OTHER than the one you're going to sell it at, and get an estimate of what it all could be worth
6) make copies for yourself of any paperwork you fill out
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QUESTION:
what is a safe website to buy runescape gold?
If you have bought runescape gold and it wasnt a scam please tell me it!-
ANSWER:
If you have decided to buy runescape GP you're account will NEVER be safe again, it's not likely it will be hacked but it is likely JaGeX will find you and get your account Permanently banned plus, a possible IP ban, meaning you will not be able to access runescape through your computer ever again.Earn the money the right way, the honest way, it's much more rewarding and it's much more safe. Buying gold is the lazy way out and it ALWAYS will be.
P.S. - This happens to about 13,000 - 25,000 every couple of months.
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QUESTION:
where can i buy cheap Alexstrasza US wow gold?
i play on Alexstrasza US wow server, and i need some wow gold to power my character, but there are some scam gold sellers, could any1 tell me where to buy cheap and reliable gold?-
ANSWER:
check out http://www.gmbar.com/cheap-wow-gold-us.php?g_id=3the site has professional wow players farming wow gold on Alextrasza server, the price is low and you can get your wow gold instantly
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QUESTION:
has anyone used CASH4MYGOLD to sell their scrap gold. Is it a reputable company or scam?
I want to sell my gold with TGS Cash4mygold.co.uk. and would like to know if anyone has used them and if they are genuine.thanks .-
ANSWER:
its real my aunt did it and got 0 for some gabage gold lol; hey can u help me out by takin this survey about tabacco http://meltdownva.com/webads/?u=ROkusaga
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QUESTION:
has anybody any info on a gold coast company called surf pacific/grandscope?
hi, i have been looking into a Company called Surf Pacific, who seem to have an association with another company called Grandscope, who primarily deal with web hosting and design, seem to be a reputable company, but look to have associations with known Gold Coast scams? Any help would be appreciated. Mark-
ANSWER:
I too have been looking for info on these guys, all i can say is they seem shady. here is a link I have found on themhttp://www.arbforum.co.uk/cgi-bin/yabb2/YaBB.pl?num=1206401888
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QUESTION:
Two questions I just lost 8 in e-gold to a phis-hing scam through a fraudulent investment how much is 8?
And to what authorities to I report the crime to?-
ANSWER:
It is close to 0 and you should report it to the FBI as an Internet Crime Complaint. Also you should be able to report it as a loss on your taxes good luck.
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QUESTION:
Is the Organo Gold Coffee Business a scam?
I recently joined this coffee business group and I decided to do a little research on it. It's the type of business where you build up a pyramid but I've been finding a couple of stuff saying it's a scam and it's making me worried. Does anybody know for sure?-
ANSWER:
It all comes down to the product. Real coffee is healthy...powdered coffee is NOT. Since the product is a scam, then so is the business, regardless of the model used.
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QUESTION:
How does e-gold work? Can you invest it? Like a automatic program that's not a scam?
How does e-gold work? What do you use it for?
What about e-silver,e-currency etc?
Can you invest it? Is it possible to put it in a automatic investprogram that not a scam?
Can someone who is involved with this please help me out?Thank You!
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ANSWER:
I haven't heard of it. If you're looking to invest in gold, the easiest way to do it is to buy shares of the Gold Streetrackers ETF (ticker symbol GLD) which you can buy via a brokerage account just like a stock.
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QUESTION:
Fox news has alot of these buy gold commercials, is it a scam?
I've always heard precious metals arnt good investments but Fox seems to be broadcasting alot of these goldline commercials and other such doomsday stuff.-
ANSWER:
CNBC has these adds also. They are not scams. They are rip off's.
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QUESTION:
does anyone have any tips to earn gaia gold on gaiaonline?
It is real hard to earn gold. I need any type of help and NO SCAMS.-
ANSWER:
Okay..heres a simple tab for you:Commenting on profiles (first comment) ~ 40 gold.
Any more comments vary in gold at how long it is.Voting in arenas and leaving comments ~ at least 14 gold first vote and 10 gold first comment in arena. Continue and you can get up to 50 gold.
Posting in Forums ~ first post is 50 gold, and keep on posting get more gold. get the hang of it??
Now there is the GAIA IM, use that and talk to friends..stay there longer and chat, can earn up to 200 gold a day!
Daily Chance ~ Everyday there is daily chance, collect it and more times you get it, more chance to get rare prize! Once i got something worth up to 300k at Daily Chance!!!!
And watch out for flying links and present boxes and click on them to collect them, then either sell them or keep them and open them.
There is the gaia aqurium, make your fish happy and adjust stuff around, and save it, and hang around and there will be the clam that will give you a prize. its like daily chance but at the aqurium.
and thats a lot of gold for you already. other than that, hang out at ther rallies. meet friends.
gaia isnt just about gold, which is virtual, its also about friends, who are real.
most of my best friends are from gaia..leave me a comment on my gaia profile anytime u arn't sure aobut anything. glad to help
Torned_Jiinx
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QUESTION:
What is a good way to get gold on RuneScape?
I'm looking for an easy and good way to get gold on RuneScape. And don't tell me to "buy gold." That is a total scam, and I will get banned on RuneScape.-
ANSWER:
Mine coal or smith by doing those 2 things I was able to buy full rune in no time (I was also making steel)
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QUESTION:
How much is 14 mg of gold worth?
Are those non monetary reproductions of gold buffalo head coins a scam? They say they are clad in 14mg of 24karat gold.-
ANSWER:
14 milligrams is equal to = 0.000450110452 troy ounces.
At 6:25 pm cdt on 4/5/11 the spot price for one troy ounce of gold was ,453.99
0.000450110452 x ,453.99 = aprox [FAQ-ANSWER].65.
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QUESTION:
Should I send my gold jewelry to Cash4Gold to see if I can get some extra money?
I saw the infomercial today and was wondering if you really can get some extra money just by sending in your unwanted gold jewelry.
Has anyone tried to do this? Is this a scam?-
ANSWER:
You won't get very much money from these types of companies. They will give you a very low value for your jewelry, and you don't get to negotiate. They just send you a check for what they want to pay you.You'd get more money by selling the jewelry yourself, or even by taking the jewelry to a pawn shop. Before you do anything, take the jewelry to a jewelry store and ask them if they would buy it.
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QUESTION:
Is FOX News financiually liable for Glen Beck's gold scam?-
ANSWER:
what gold scam? Seriously, I hate Beck I never heard of a gold scam by him.
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QUESTION:
Where Can i sell my WoW Gold?
I have gold but i want to sell it so i can buy a Race Change to a Worgen anyone know any legit sites that will pay me for my gold? no scams plz-
ANSWER:
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QUESTION:
Is the "Cash for Gold" thing a scam?
I see those commercials for "Cash 4 Gold" all the time, and I'm curious as to whether or not it's a scam. Anybody know?-
ANSWER:
It's not a rip off, they will send you a check, but it won't be any more money than one of your local pawn shops, and probably a little less. Your best bet is to take it to 3 seperate buyers and see who offers you the most money. There was a difference on the same jewelry on the same day when I sold some extra I had.
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QUESTION:
Is cash for gold a scam?
Hi Im thinking about doing the cash for gold thing. Has anyone tried it? And if so how much did you get back or did they try to scam you??-
ANSWER:
You will do better at a pawn shop.
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