The "cash-for-gold" phenomenon has gone completely out of hand, demonstrating over and over again the adage credited to P.T. Barnum: "There's a (brand-new) sucker born every moment. "The cash-for-gold trend is a huge sign of the ignorance of the American people about the value of money.
This week alone, my friends have informed me of just how many events are being held in the homes of the affluent, where attendees enthuse over obtaining cash for their gold jewelry-- sadly, at costs way beneath their true market price.
I'm an expert in the real gold business, and I know: Home-party companies, and even local storefronts, that advertise, "We offer the best price for your gold," are one of the biggest scams out there right now.
Why-- after gold has risen in value by 400 % over the past 10 years-- would you wish to trade your actual gold or silver for almost worthless paper? The worth of the U.S. currency is dwindling to absolutely nothing, considering documented government debt as well as looming hyperinflation.
Is there any way that average Americans will stay away from this nonsense? I keep trying to advise everyone to stay smart, not impulsive.
Look, if you're in fact financially squeezed and truly need cash, the very least that you can do is to call a trustworthy gold dealership that will offer you a fair trade in U.S. currency for your precious metals.
Gold shops and those home-party charades are simply buying low so that they can sell high as gold is worth quite a bit nowadays. It's truly distressing to watch this unethical business practice flourish and the bad reputation rub off on us real gold traders.
Do not be deceived by the local corner gold store. For unexpected emergencies, do not go there to get a bit of money. If it's at all possible, conserve your gold and silver. The value will continue to increase, while the value of paper money will continue to decrease. As personal debt in the USA continues to rise and the dollar continues to diminish, the worth of precious metals will explode a lot more. This forecast is merely common sense.
This week alone, my friends have informed me of just how many events are being held in the homes of the affluent, where attendees enthuse over obtaining cash for their gold jewelry-- sadly, at costs way beneath their true market price.
I'm an expert in the real gold business, and I know: Home-party companies, and even local storefronts, that advertise, "We offer the best price for your gold," are one of the biggest scams out there right now.
Why-- after gold has risen in value by 400 % over the past 10 years-- would you wish to trade your actual gold or silver for almost worthless paper? The worth of the U.S. currency is dwindling to absolutely nothing, considering documented government debt as well as looming hyperinflation.
Is there any way that average Americans will stay away from this nonsense? I keep trying to advise everyone to stay smart, not impulsive.
Look, if you're in fact financially squeezed and truly need cash, the very least that you can do is to call a trustworthy gold dealership that will offer you a fair trade in U.S. currency for your precious metals.
Gold shops and those home-party charades are simply buying low so that they can sell high as gold is worth quite a bit nowadays. It's truly distressing to watch this unethical business practice flourish and the bad reputation rub off on us real gold traders.
Do not be deceived by the local corner gold store. For unexpected emergencies, do not go there to get a bit of money. If it's at all possible, conserve your gold and silver. The value will continue to increase, while the value of paper money will continue to decrease. As personal debt in the USA continues to rise and the dollar continues to diminish, the worth of precious metals will explode a lot more. This forecast is merely common sense.
About the Author:
Learn more about buying and selling gold. Or, stop by Anne Trimble's site where you can find out all about her latest bookFaith Through The Flames.
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