Wednesday, June 10, 2009

Cash4Gold

I’m sure most of you have seen those Cash4Gold commercials. The idea (if you couldn’t piece this together yourself) is that you mail them your gold and they will mail you money in return. Sounds like a pretty good deal, no?

But who in their right mind would do this? Firstly, people are reluctant to send more than $20 cash through the mail, let alone potentially hundreds of dollars in jewelry. Secondly, you mail it in a Cash4Gold envelope! At the very least, the envelope could be discreet. But no! It has Cash4Gold plastered on the side. Surely no one would ever risk stealing that and claiming it got “lost” in the mail. And lastly, aren’t there lots of options for getting rid of jewelry that don’t involve trusting the United States Postal Service for both delivering the merchandise AND the payment?

You can do transactions in person using Craigslist, a pawnshop, or an actual jeweler and eBay ensures that you’ll get paid.

And what sort of assurance is there that you won’t get screwed over in the amount you get back? You never see the people who are evaluating the jewelry’s worth.

It’s not that I think Cash4Gold is trying to screw people more than any other company. There are just too many circumstances where the whole deal can go wonky.

I suppose that the only types sending their jewelry to Cash4Gold are the same types who bought their jewelry from home shopping channels in the first place, so at least there’s a fun cycle at play.
This could be you!!!

3 comments:

  1. I've read reports that they will offer people WAY below what the gold is actually worth, and then if the people decide that's not enough, the process of getting your gold back is a nightmare.

    I usually just have this guy Tito melt mine down into custom made grilles...I'm saving up for some gems to encrust one of them with. It's going to be amazing.

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  2. You'd look good with a grille. I think you should get little LED lights instead of gems, though.

    And, once you mail someone something, can you really claim it as your own anymore???

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  3. I never really thought about the LEDs...I might have to talk to Tito and see if he can rig that...where would the batteries go though?

    I think once you mail it, technically it becomes the property of the recipient...BUT...I think it's in their contract that it's still yours until you agree to their offer, which they 1/2 force you into.

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