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TAEZZAR | 10-12-2009 06:24 PM
Why so many TV commercials selling gold ? I hope this is the correct place to ask this question. I have searched my mind & the "FAQ" for an answer. With the dollar losing value every day & the world wanting to get away from the dollar, why are there so many commercials on TV that are selling gold ? My reason for asking this question is that when I see these companies selling gold, I think "wow" what are they thinking, is gold going to turn around & drop ? Then I think, H*LL NO ! not with the printing presses working overtime, and with the oil cartels, China, Russia, etc. wanting to get off the dollar, why would these companies want dollars that are headed for the toilet ? :10_1_19:

Twisted Avatar | 10-12-2009 06:34 PM
Re: Why so many TV commercials selling gold ? You have answered your own question. Anytime you see something on TV its because the business expects to come out the winner in the end and they do this by capitalizing on your lack of experince. In terms of Gold they're basically two camps: The ones who will buy your old broken jewlery at the "highest prices allowed by law" which turn out to buy your metal at a ridiculous discount cause you dont know any better The Second camp is the one who sells Gold. They can sell it at mark up so high because you never did your homework and you cant tell the difference between education vs a sales pitch. T

Twisted Avatar | 10-12-2009 06:40 PM
Re: Why so many TV commercials selling gold ? Oh yeah .......... Welcome :ok: Is that your pooch in the pic??? Fine looking rascal. T

TAEZZAR | 10-12-2009 06:46 PM
Re: Why so many TV commercials selling gold ? Yeah, she's our "child" & totally harmless !

Twisted Avatar | 10-12-2009 06:52 PM
Re: Why so many TV commercials selling gold ? 1 Attachment(s) Quote:
Originally Posted by TAEZZAR (Post 1969190) Yeah, she's our "child" & totally harmless !
Until somebody messes with the family...............

Apocalypto | 10-12-2009 06:52 PM
Re: Why so many TV commercials selling gold ? Hi Taezzar, welcome to GIM. My guess is they're selling gold because they can turn a very nice profit, plain and simple. They've bought at much lower prices, and the combination of current spot + their average cost + other business factors makes it a sweet deal for them to broker more sales.

TheSkeptic | 10-12-2009 08:54 PM
Re: Why so many TV commercials selling gold ? They're selling it because you cannot eat gold, and you cannot use gold at the grocery store either.

TAEZZAR | 10-12-2009 10:14 PM
Re: Why so many TV commercials selling gold ? Quote:
Originally Posted by Apocalypto (Post 1969196) Hi Taezzar, welcome to GIM. My guess is they're selling gold because they can turn a very nice profit, plain and simple. They've bought at much lower prices, and the combination of current spot + their average cost + other business factors makes it a sweet deal for them to broker more sales.
Thank you, this about how I was figuring it, but, thought I might find another method to their madness from the expert group that GIM is. :coolbeer:

TAEZZAR | 10-12-2009 10:18 PM
Re: Why so many TV commercials selling gold ? Quote:
Originally Posted by Twisted Avatar (Post 1969194) Until somebody messes with the family...............
We've got a big ole black bear in the forest out behind us that your pooch might be interested in meeting !!

EE_ | 10-12-2009 10:21 PM
Re: Why so many TV commercials selling gold ? Quote:
Originally Posted by TheSkeptic (Post 1969398) They're selling it because you cannot eat gold, and you cannot use gold at the grocery store either.
Who said you can't eat gold? (PS. your avatar looks like it eats everything) http://img.dailymail.co.uk/i/pix/200...eR_468x599.jpg http://gothamist.com/attachments/art...804goldies.jpg

TheSkeptic | 10-13-2009 12:20 AM
Re: Why so many TV commercials selling gold ? Quote:
Originally Posted by EE_ (Post 1969535) Who said you can't eat gold? (PS. your avatar looks like it eats everything)
Mmmm.... I will never again say that gold has no real utility.

Master_Ho | 10-13-2009 02:01 AM
Re: Why so many TV commercials selling gold ? They sell at anywhere from 300 or more percent profit. They buy at anywhere from 300 or more percent profit. (Actual figures.) What are you confused about?

HistoryStudent | 10-13-2009 03:25 PM
Re: Why so many TV commercials selling gold ? Follow the MONEY - and remember only the ELECT (read you) may have a real understanding about real value. In the Civil War the US "GUBMINT" printed so much that gold went from ONE $20 bill to 13 $20 bills = $260.00 Now since 1972 the US "GIVERMINT" changed name to redistribute YOUR wealth has printed so much that a GOLD EAGLE from KITCO costs not 13 $20 bills as in the past WAR - oh, yes they calmed that all down to about 1 $20 bill by 1890 ish - but then they invented the FED - tee tee tee SO............. NOW it takes sine 1913 - some 58 $20 Bills or around $1160. To hold that same ounce of gold from the CIVIL WAR now - an 1863 OUNCE of gold would be NUMISMATIC and probably cost you around $5000 for a better example OKAY? I hope the simple math works out in the brain and your eyes don't glaze over like your friends will when you tell them the New GIVERMINT and the United States as a country are not the same thing because the TEMPORARY leaders just want you to bend over and they want to give you the shaft and they keep the MINE and the gold. :shine::shine::111:

gunDriller | 10-13-2009 04:05 PM
Re: Why so many TV commercials selling gold ? Quote:
Originally Posted by EE_ (Post 1969535) Who said you can't eat gold? (PS. your avatar looks like it eats everything) http://img.dailymail.co.uk/i/pix/200...eR_468x599.jpg
so if you eat a pastry with gold flecks ... then ... the next morning ... do you poop gold or do the flecks get lodged in your intestines ?

11S11ver | 10-13-2009 04:07 PM
Re: Why so many TV commercials selling gold ? I see a lot of commercials to buy your gold as well ala Cash4gold.

Gordon Gekko | 10-13-2009 05:41 PM
Re: Why so many TV commercials selling gold ? Quote:
Originally Posted by 11S11ver (Post 1970706) I see a lot of commercials to buy your gold as well ala Cash4gold.
In my neck of the woods, the same holds true. In fact, it's all "we BUY gold!!!" with no mention of actually selling it.

TomD | 10-13-2009 06:00 PM
Re: Why so many TV commercials selling gold ? Gold dealers are a separate breed from gold investors in that they make money by moving gold as opposed to by sitting on it and hoping for increased prices. I checked Apmex's buy/sell spread for several gold bullion types a couple of weeks back; it ran mostly in the sub-3% range with a low of only 2% for gold Eagle 1 oz coins. I suspect that the buy/sell spread of the TV advertisers runs quite a bit more than that. I'd sell my gold too if I could get 20%-30% above my replacement cost.

Master_Ho | 10-13-2009 06:35 PM
Re: Why so many TV commercials selling gold ? Quote:
Originally Posted by TomD (Post 1970916) Gold dealers are a separate breed from gold investors in that they make money by moving gold as opposed to by sitting on it and hoping for increased prices. I checked Apmex's buy/sell spread for several gold bullion types a couple of weeks back; it ran mostly in the sub-3% range with a low of only 2% for gold Eagle 1 oz coins. I suspect that the buy/sell spread of the TV advertisers runs quite a bit more than that. I'd sell my gold too if I could get 20%-30% above my replacement cost.
AS I POSTED EARILER...........>> They (the TV selling gold people) sell at anywhere from 300 or more percent profit. They (the TV buying gold people) buy at anywhere from 300 or more percent profit. (Actual figures.) Very few people outside of those like us even KNOW or HEAR of APMEX!!

Jekyll7 | 10-14-2009 12:31 AM
Re: Why so many TV commercials selling gold ? Quote:
Originally Posted by EE_ (Post 1969535) Who said you can't eat gold? (PS. your avatar looks like it eats everything) http://img.dailymail.co.uk/i/pix/200...eR_468x599.jpg
For anyone who hasn't seen that before, I believe that's the $25,000 sundae from Serendipity III in Manhattan. It's beyond insane, but it is one of those little things every gold bug is required to know ;)

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