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[Tony H]

Hello everybody, I'm sure most of you will have seen all the adverts to buy your unwanted gold. With gold prices high, I'm just wondering whats the catch? there must be one. Can anyone enlighten me?

[Ghost]

I would say they dont give you the full value,
like the banks, post office or exchange centres, you change Pounds for euros they give you at the moment for £1  -  euro1.14 cent, were as the exchange rate is about £1  -  euro 1.24 cent,
so they keep a minimal % of the value.
Thats my excuse and im sticking to it Lol

[KillerWatt]

The "catch" is the same whatever the business, they give you a smaller amount than what they can sell it for.

[STMO999]

The "catch" is the same whatever the business, they give you a smaller amount than what they can sell it for.

That's right, but hardly a catch. I bought a gold bracelet from price drop tv about two years ago. I paid £85. took it to a shop in town last week and got £117 for it. Im happy, they're happy.

Gold has hit a new high of $1026 an ounce this morning, so I'd have got more if I had waited.

[KillerWatt]

We did the same last year with copper (mains cable).

We were getting a 100m reel of 2.5mm² T&E for £27 inc and bought 1000m of the stuff for a job we had on. The job fell through part way (contractor ran out of money), so we were left with all this cable.

A couple of months later, the price of copper rose so sharply that all of a sudden a 100m reel of the same cable was almost 3 times the price.

Being a sparks was handy of course, because that meant we could sell it straight on at a nice profit (while still keeping it cheaper than CEF) without going to the aggro of stripping it down to weigh it in.

[Elite Pete]

The "catch" is the same whatever the business, they give you a smaller amount than what they can sell it for.

That's right, but hardly a catch. I bought a gold bracelet from price drop tv about two years ago. I paid £85. took it to a shop in town last week and got £117 for it. Im happy, they're happy.

Gold has hit a new high of $1026 an ounce this morning, so I'd have got more if I had waited.

I believe you have a good stash of lead as well Steve

[STMO999]

The "catch" is the same whatever the business, they give you a smaller amount than what they can sell it for.

That's right, but hardly a catch. I bought a gold bracelet from price drop tv about two years ago. I paid £85. took it to a shop in town last week and got £117 for it. Im happy, they're happy.

Gold has hit a new high of $1026 an ounce this morning, so I'd have got more if I had waited.

I believe you have a good stash of lead as well Steve

Got rid of that Pete....but more on the way

[Elite Pete]

The "catch" is the same whatever the business, they give you a smaller amount than what they can sell it for.

That's right, but hardly a catch. I bought a gold bracelet from price drop tv about two years ago. I paid £85. took it to a shop in town last week and got £117 for it. Im happy, they're happy.

Gold has hit a new high of $1026 an ounce this morning, so I'd have got more if I had waited.

I believe you have a good stash of lead as well Steve

Got rid of that Pete....but more on the way

I'm over there on Sunday so i'll be checking my roof