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Cash4Gold..High priced gold or secret govt agenda?

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posted on Oct, 5 2009 @ 05:17 AM
With all the amount of these ads showing worldwide i am begginning to think, yes it might just be business trying to make money, but and this is a big but.. We all know the economy is tits up and maybe the govt know money will soon be worth nothing at all, the only thing worth anything will be gold, so they are getting the people to send in there gold and smelt it down into some type of tokens maybe?
So if and when the time comes the govt will have all the gold and still be able to control the people.

Of course i have nothing to back this up with, i just put some things together i have seen here on ats.

So do you think this could be possible? That all these companies are owned by the goverment..? hmm

posted on Oct, 5 2009 @ 05:44 AM
Theres a similar thread about, but I hear what your saying, making false claims that the Public get "fair deals" for cashing in their jewellry yet this transaction is nothing short of scamming as they pay the cheapest price possible in order to buy what you have.

You have no say on sentimential value or how much you origionally payed for the item, they just want the Gold and nothing else. when the One-world currency comes into play and people find their cheap cash is useless, what then.

This is the same tactics used by Cash Converters where you could bring in a 700 pound unwanted TV and leave with just 200 pounds, how they get away with it I dont know.

posted on Oct, 5 2009 @ 05:46 AM
It would be interesting to see where these companies sell their smelted gold bullion after.
Maybe a Government of some country is buying it up, who knows.

This is where, if any conspiracy would be.

posted on Oct, 5 2009 @ 06:04 AM
Ever since i started seeing these ads i kept thinking i wonder if all these different companies are linked together somehow.
Maybe someone with a bit of research skill could look in to this it would be nice to see if they are linked and to who.
Im not that good at that or i whould do it.


posted on Oct, 5 2009 @ 06:21 AM
reply to post by Haydn_17

I thought the same thing mate when i first started seeing the adverts i put my hand on my face and shook my head and told my family not to fall for any of that s***. I told them how we will need that gold for when the SHTF

It's good how ATS opens your eyes to every kind of corruption in our media.

posted on Oct, 5 2009 @ 06:51 AM
The best news source covered this a while ago.

posted on Oct, 5 2009 @ 06:56 AM
Does everything have to be a conspiracy ??? Perhaps Mcdonalds is putting tracking devices in your big mac's too.

It's called making money, gold has value, It's buying something for a buck and selling it for two, ... how anyone can extact some type of conspiracy theory from this eludes me.

posted on Oct, 5 2009 @ 07:07 AM
This Gold for Cash is about taking gold away from the population - the last means of a viable currency when the economy totally tanks and the greenback becomes even more worthless than it is today.

posted on Oct, 5 2009 @ 07:13 AM
reply to post by Haydn_17

Gold has no intrinsic value.

Why all the hype?

I have never understood it.

posted on Oct, 5 2009 @ 07:16 AM
The GOLD ACT WAS ACTIVATED BEFORE I dont see why it wouldnt be again.

The Gold Confiscation Of April 5, 1933
From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102
Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates By virtue of the authority vested in me by Section 5(b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled

An Act to provide relief in the existing national emergency in banking, and for other purposes~',

in which amendatory Act Congress declared that a serious emergency exists,

I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section to do hereby prohibit the hoarding gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of the order:

Section 1. For the purpose of this regulation, the term 'hoarding" means the withdrawal and withholding of gold coin, gold bullion, and gold certificates from the recognized and customary channels of trade. The term "person" means any individual, partnership, association or corporation.

Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:

(a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.

(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having recognized special value to collectors of rare and unusual coins.

(c) Gold coin and bullion earmarked or held in trust for a recognized foreign government or foreign central bank or the Bank for International Settlements.

(d) Gold coin and bullion licensed for the other proper transactions (not involving hoarding) including gold coin and gold bullion imported for the re-export or held pending action on applications for export license.

Section 3. Until otherwise ordered any person becoming the owner of any gold coin, gold bullion, and gold certificates after April 28, 1933, shall within three days after receipt thereof, deliver the same in the manner prescribed in Section 2; unless such gold coin, gold bullion, and gold certificates are held for any of the purposes specified in paragraphs (a),(b) or (c) of Section 2; or unless such gold coin, gold bullion is held for purposes specified in paragraph (d) of Section 2 and the person holding it is, with respect to such gold coin or bullion, a licensee or applicant for license pending action thereon.

Section 4. Upon receipt of gold coin, gold bullion, or gold certificates delivered to it in accordance with Section 2 or 3, the Federal reserve bank or member bank will pay thereof an equivalent amount of any other form of coin or currency coined or issued under the laws of the Unites States.

Section 5. Member banks shall deliver alt gold coin, gold bullion, and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal reserve banks of there respective districts and receive credit or payment thereof.

Section 6. The Secretary of the Treasury, out of the sum made available to the President by Section 501 of the Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion, and gold certificates delivered to a member bank or Federal reserve bank in accordance with Sections 2, 3, or 5 hereof, including the cost of insurance, protection, and such other incidental costs as may be necessary, upon production of satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal reserve banks.

Section 7. In cases where the delivery of gold coin, gold bullion, or gold certificates by the owners thereof within the time set forth above will involve extraordinary hardship or difficulty, the Secretary of the Treasury may, in his discretion, extend the time within which such delivery must be made. Applications for such extensions must be made in writing under oath; addressed to the Secretary of the Treasury and filed with a Federal reserve bank. Each applications must state the date to which the extension is desired, the amount and location of the gold coin, gold bullion, and gold certificates in respect of which such application is made and the facts showing extension to be necessary to avoid extraordinary hardship or difficulty.

Section 8. The Secretary of the Treasury is hereby authorized and empowered to issue such further regulations as he may deem necessary to carry the purposes of this order and to issue licenses there under, through such officers or agencies as he may designate, including licenses permitting the Federal reserve banks and member banks of the Federal Reserve System, in return for an equivalent amount of other coin, currency or credit, to deliver, earmark or hold in trust gold coin or bullion to or for persons showing the need for same for any of the purposes specified in paragraphs (a), (c), and (d) of Section 2 of these regulations.

Section 9. Whoever willfully violates any provision of this Executive Order or these regulation or of any rule, regulation or license issued there under may be fined not more than $10,000, or,if a natural person may be imprisoned for not more than ten years or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.

This order and these regulations may be modified or revoked at any time.
Franklin D. Roosevelt
President of the United States of America
April 5, 1933

[edit on 10/5/09 by Ophiuchus 13]

posted on Oct, 5 2009 @ 07:22 AM
I'm in the jewellery trade and I can tell you there's no government involvement here... these companies simply take advantage of the fact that the companies who melt down the gold won't buy from individuals... so if an individual wants to sell their gold they have a choice of going to one of these companies or selling to their local jeweller who will offer them a similar price.

They are definitely selling to companies melting down the gold and not the government. As far as I know they are seperate companies and not interconnected.

posted on Oct, 5 2009 @ 07:58 AM
I own a business that trades in gold and other precious metals, along with pawnbroking, money transfers etc.

I can confirm that there is no conspiracy to be found here! The reason you are seeing so many adverts now is simply that the gold price is high, and many new businesses have started up based on this and the subsequent media coverage which has fuelled the fire.

The people that run these companies and buy your gold generally either deal direct with a refinery or own one themselves. They will offer you anywhere from 30%-95% of the spot price (the price you see quoted on the news etc), and the refinery pays them around 97%. As Mamana said, the refiners won't normally deal directly with public, so the guy in the middle takes a healthy profit because of this.

The refiners then produce 'good delivery' gold bars that are sold on the bullion market (99.99% pure) - if the government wants to buy up gold, they will do it here and not directly from the public.

Regarding places like Cash Converters... like a lot of businesses, at face value it may seem as through they're ripping you off. However, when you drill down it's not quite as it appears. Take your £700 TV for example - it might have cost you £700 from John Lewis, but take it out of the store and try to sell that anywhere else "as new" and you will be lucky to get £500 for it - people are happy to pay a premium by buying from a recognised name. Neither you nor Cash Converters will be able to sell it at the original price, and don't forget also that the original price included VAT which you will never get back.

Once the item becomes 'used', it is of course worth even less - especially electronics as they date so quickly. If Cash Converters think they can sell your TV for £400, they will offer you around £200. The remaining £200 gross profit is eaten up by business costs (heating, lighting, staff, rent etc) and then of course the taxman takes a healthy cut of any profits. In addition, all the time the TV is in the shop window, the £200 paid is not earning anything for the business and is in fact decreasing through inflation - as well as the TV being worth less as each day passes.

Everyone has a choice - if you don't like the offer, walk away and sell elsewhere. Many people do this and then return to us, once it clicks that they have an unreasonable understanding of the value of their item.

posted on Oct, 5 2009 @ 08:32 AM

Originally posted by Republican08
The best news source covered this a while ago.

Well I'm sold - and that presentation was at least 100 times more professional than the ad's I see on TV round here

Personally I don't own any jewellery, but I do have a balaclava and a house breaking kit - does any one know if they check the items against stolen property lists with the police / insurance companies. 'What's that? - No reason, just making conversation....'

Maybe I should wait until they start advertising for blood and human organs.... You know, send us one of your kidneys in the enclosed zip lock bag - we will value your organs and send you CASH... Should you not be happy with the amount simply return the money and we will return your organ withing 14 working days

posted on Oct, 5 2009 @ 03:28 PM
I noticed this was happening in my local shopping centre quite a few months back....nothing unusual really,they hold these things from time to time i thought.But,then i saw the adverts in the local paper(front and back of paper,an entire 4 pages of advert no less!),i got flyers through the door too,all in the space of about a week!Quite an ad campaign.I made a few jokey remarks regarding the 'real' reason behind it all and then forgot about it.Until the next newspaper.
They have been 'in the area' for months now!I went shopping on the weekend and there was a queue of about 20 people waiting with their little bags of gold....i doubt many cash-strapped people in my area have much gold left now

I DO think they have been buying it up at an alarming rate and i can't help but feel the impending inevitable financial mess(yes,even messier for whatever the 'reason')has alot,nay EVERYTHING to do with it all.

I watched this vid the other day(will try and do a link....such a clutz when it comes to these computer things:lol
and was alarmed to see the TV ad campaign!I have NEVER known them saturate all media with advertising for Gold before!


posted on Oct, 5 2009 @ 03:56 PM
If at first you don't succeed.....

posted on Oct, 5 2009 @ 04:23 PM

Originally posted by Symbiote
reply to post by Haydn_17

Gold has no intrinsic value.

Why all the hype?

I have never understood it.

It's value is determined by it's scarcity, durability, and portability. Hard to mine, does not oxidize, and is easily moved/divided. Those are pretty good attributes to have for a wealth storage device, hence the value we place upon it. Diamonds on the other hand are the real farce.

posted on Oct, 5 2009 @ 05:02 PM

Originally posted by mamana
these companies simply take advantage of the fact that the companies who melt down the gold won't buy from individuals..

They are definitely selling to companies melting down the gold and not the government. As far as I know they are separate companies and not interconnected.

I have sold directly to refiners many times when i worked in mining the problem is not that the refiners will not deal with the public it the don't like to deal in small amounts. they have to file a lot of paperwork.

Not all of the gold that these companies like cash4gold get is melted.

They have experts that go through all the gold jewelry they get and look for rare or collectables and these are resold to dealers in that market

They are not going to melt a rare piece of jewelry worth $5000+ on the collectors market just to get $100 worth of gold.

But they will never tell the person that sent it in that they GOT $5000+

This is where these companies make real money.

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