What's behind all the Cash for Gold commercials lately?

[Sticksboi05]

I love the one with Ed McMahon (r.i.p.) and MC Hammer!!

"My gold pants!"

[skinfan13]

these companies are stockpiling precious metals for the eventual fall of fiat currency

[Peeping Wizard]

these companies are stockpiling precious metals for the eventual fall of fiat currency

That way they can trade a useless paper asset for a useless metal one. Seems logical...

[Oldskool]

When global currency takes a dump, precious metals always rise. Not to mention that some of these metals are also used in manufacturing. Case in point is copper. China is using so much of the worlds copper supply right now during its building spree that the price has skyrocked and theft of copper wire from domestic construction sites for resale on the black market is huge.

[Burgundy Burner]

A better metal investment for the next few years will be silver. Get some silver - you can thank me later.

[JetSkins]

There must be something behind it. American conspiracy theorists demand to know! Every other commercial relates to sending in your 'scrap' gold. Is it just TV based pawn shops or is it investors with an agenda? Or what?

follow the news much? it's a recession. people are selling everything and anything for quick cash these days.

[KAOSkins]

follow the news much? it's a recession. people are selling everything and anything for quick cash these days.

What's with people being smart asses today?

My question was why are so many people buying not selling.

[Oldskool]

My question was why are so many people buying not selling.

Hedging their bets that gold will rise while the dollar will still be in the toilet for the next few years.

[CounterTrey75]

When global currency takes a dump, precious metals always rise. Not to mention that some of these metals are also used in manufacturing. Case in point is copper. China is using so much of the worlds copper supply right now during its building spree that the price has skyrocked and theft of copper wire from domestic construction sites for resale on the back market is huge.

Bingo! It's a self fulfilling prophecy. Also, institutional investors are buying up gold bars like there's no tomorrow adding to the need for these cash for gold programs.

[KAOSkins]

Hedging their bets that gold will rise while the dollar will still be in the toilet for the next few years.

I was responding to the guy suggesting I read the news. Gold has been a hedge against inflation for a long time but I don't ever remember such a onslaught of people trying to buy it like that. Agreed there may be more of an inflation threat these days, but still the number of companies doing this just seems strange to me.

There's been enough discussion to satisfy my curiosity, at this point I seem to be just explaining why I asked.

[Oldskool]

Gold has been a hedge against inflation for a long time but I don't ever remember such a onslaught of people trying to buy it like that. Agreed there may be more of an inflation threat these days, but still the number of companies doing this just seems strange to me.

We haven't had a recession this bad in decades and with the Government printing money to cover and pay for debt, people buying gold are betting on 1970s style inflation coming.

That's why you see the ads for gold purchases IMO.

[S.T.real,lights,out]

So has anyone used this? I found a gold chain a while back, going to sell it to them...wanted to see if anyone has done this before. Thanks

[DCsportsfan53]

It's going to sound silly but if you really want to know watch the South Park cash for gold episode, pretty freakin hilarious.

[KAOSkins]

It's going to sound silly but if you really want to know watch the South Park cash for gold episode, pretty freakin hilarious.

That was funny. There should have a been Scrooge McDuck siting on a swimming pool filled with that yeller gold (who was stashing all the smelt it dealt it stuff) who was setting it all up and '****ing' all the rest of them while sporting an evil grin.

I notice that tv onslaught has ended, diminishing returns or diminishing sucker pool?, but there are still plenty of places on the street. Boy do I wish I would have bought some gold back then.

[gbear]

A better metal investment for the next few years will be silver. Get some silver - you can thank me later.

Are you related to Nelson and William hunt? That family probably still has some left from the early 80's.