“WE BUY GOLD!” BUT SHOULD YOU SELL?

Quick! Sell to us now,
before the price goes higher!

You see the full-page ad in the newspaper, basically saying you have to sell your gold and silver, before it’s too late. It sure sounds like they’re doing you a favor by being willing to buy your crap!

But before you part with your jewelry, coins, rings or whatnot, take the following into consideration:

AN HONEST BUYER’S WORDS

“We are buying your gold and silver because we believe prices across the board are going up, and having precious metals allows for preservation of wealth.
“We understand that you may have a need for liquidity for whatever reason, and thus, you can look back at my purchase/your sale and regard it as mutually beneficial.”

DISHONEST

Dishonesty is not necessarily fraud. But this does not make it any more desirable to transact with dishonest folk.

What is an outright lie is that these gold buyers offer the highest bids for your items. I just came from one of these events, and talked to someone who had sold a beautiful one-ounce silver coin for 800 friggin’ pesos! Considering the spot price of silver is around $32.50/oz. (approx. PhP1,400), can we say that the seller got a good deal?

AN EXPERIENCE KANINA LANG

I tried making conversation with one of the off-duty American clerks at the event, and the lack of openness in his answers, not to mention his insulting manner upon finding out I wasn’t selling anything, was apparent.

Maybe the guy’s just one prick who thinks being lanky and Caucasian allows him to talk down to a brown monkey such as myself, but I think I’m not too wrong in interpreting secretiveness, if not dishonesty, in his attitude.

The fact is, they know something about precious metals that they don’t want to share with you. While we can admire them for their foresight and appreciation of the need to maintain purchasing power, we shouldn’t be so trusting in their claims. This is where I come in, and I hope that you can be saved from doing something you’ll regret later on.