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Posted: 6/17/2009 9:24:40 AM EDT
[#1]
I am a coin dealer, and the premiums over spot are high right now. You can sell a 1 ounce Gold American Eagle for $50 over spot. The premium used to be about $20.
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Posted: 6/17/2009 9:27:03 AM EDT
[#2]
There are so many gold commercials right now for the same reason that there were so many no-money down real estate buying commercials two years ago, and so many make your fortune on the internet commercials in the late 90's.
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Posted: 6/17/2009 9:27:15 AM EDT
[#3]
If they didn't think they could make money off of you, they wouldn't pay money to advertise to you.
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Posted: 6/17/2009 9:37:49 AM EDT
[#4]
Because they can make a bunch of money off of you.
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Posted: 6/17/2009 9:39:38 AM EDT
[#5]
I just saw a piece on Cash4gold.com this morning. A gold ring that several legitamate buyers offered $50 for, got $8.95 from Cash4gold.
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Posted: 6/17/2009 9:45:43 AM EDT
[#6]
The new commodity they are pitching lately are SHTF seeds. Thats right, they are selling seeds, supposedly they will be worth more than gold! So you can grow your own "disaster garden". what annoys me is I noticed these ads only come up on right wing radio or new articles on the net. Do they think we are all tinfoil hat sky is falling whacko's?
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Posted: 6/17/2009 9:46:47 AM EDT
[#7]
b/c they're going to buy gold off people that don't know how much it's worth and rip them off...
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Posted: 6/17/2009 9:50:10 AM EDT
[#8]
Don't overlook a big reason for the increased marketing efforts. The .gov regulators haven't (yet) stomped on that niche' of the investing game.
Remember those same companies were buying "cheap" gold ten years ago at very low prices. Now it's time to sell, at these high prices. |
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Posted: 6/17/2009 9:51:12 AM EDT
[#9]
Quoted:
I just saw a piece on Cash4gold.com this morning. A gold ring that several legitamate buyers offered $50 for, got $8.95 from Cash4gold. The idiots that trust companies like this amaze me. http://www.complaintsboard.com/complaints/cash4gold-c117648.html |
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Posted: 6/18/2009 5:52:59 AM EDT
[#10]
Quoted:
I am a coin dealer, and the premiums over spot are high right now. You can sell a 1 ounce Gold American Eagle for $50 over spot. The premium used to be about $20. So the gold sellers are making their money on the margins rather than speculating on gold? And the premiums will only increase if you whip consumers into a frenzy with ads? Could work, but TV/Radio advertizing is expensive especially when you hire people like Glenn Beck & Rush Limbaugh.  I wonder how much small gold merchants benefit from the big ad campaigns since gold isn't really branded.
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