Intro: This thread was inspired by a Southpark episode titles "Cash4Gold" and another thread I made
. If you can see past all of Southpark's fart humour there is often
times a deep underlying message they are trying to get across.
So, I have been scammed many times already in my lifetime through both people and companies. Averting a scam is the best feeling in the world, where
as, finding out you've been scam puts a little fire in your belly. I would like to share with you what to avoid
#1 Penny Auctioning
These websites require you to purchase "bids" to use in the auctions on their site. Most will not let you use real money... So, say you spend
USD60.00 to purchase 120 bids on a penny auction site. Everything on the site has value represented by actual money and the numbers are always
ridiculously low. Once you bid on something, whether you win it or not, you lose those bids. The people who own the site are privy to some very nasty
tricks. The really expensive items you see priced extremely low are probably not even owned by them. They simply freeze the auction at the last
second and add a bid to beat the highest bidder and never have to provide the item bidded on, but you will never see those bids again. Other less
expensive items they will let people win to better conceal the scam and keep it running.
In the episode of Southpark I mentioned above, the boys try to find who is responsible for making Stans grandpa pay 6,000 dollars on a piece of
jewelry that they couldn't even get more than 15 dollars for at a Cash4Gold place. To keep from spoiling I will not elaborate on the episode just the
part I am talking about. India produces the jewelry, ships it to the jewelry channel people, they sell it for way more than they are worth or anyone
can even get for it, the people who buy it give them as gifts, the people who got the gifts take them to Cash4Gold, Cash4Gold sends them to be
smelted, after being disassembled and smelted the gold and jewels go back to India for the process to be repeated (forgive my run-on but I found it
appropriate). You may think that it's just a tv show but that is how this scam is running. They scam people out of their money and never really lose
anything out of doing it.
#3 Coin Buying Companies
If you go to sell your old coins be sure to do your research on how much silver or gold is actually in the coin. Did you know that Quarters and
Dimes dating 1964 and before contain 90% silver? They sure as heck don't want you to know that because, you will be lucky if they offer you twice the
face value of the coin. If you let them know you have done your research and know how much silver is in the coins you are trying to sell, then they
will offer a much better deal to you. If not, take your coins and walk out, see if they don't ask you to wait a second
#4 College textbooks
A new edition comes out almost every semester or year, which you have to purchase to take the classes. The new editions really do not have much
new context. They can simply add a few things, reword some stuff, and maybe a few new pictures but the basics were there from the beginning. Please
know that I agree with new editions after a few years have passed, but this just isn't the case anymore. Each new edition will almost always cost
more than the last. If you are a college goer, try to find the books used or share a book with someone. You might not even need the book so ask your
#5 Cell phones (Extends to almost every product out there)
They come out with the newest, latest, greatest phone at least once a year and place it on a pedastal to make the previous version look obsolete.
In reality, the new functions and design of the phone aren't even worth all the extra money they cost. They get people hooked on a brand with
commercials geared for different audience groups. The product doesn't even have to be that great, but by flashing nice words and pictures of people
being happy, whether they are using said device or not, you will feel compelled to go out and get one. If it doesn't appeal to you, then after seeing
most of your friends with the product, you will want to fit in with them and buy one yourself.
These are some basic scams that happen on a day-to-day basis. Why do I care if people are being scammed? Well I certainly won't tell you how to spend
your money, but I will warn you so you may become aware and then decide. I did not link any references or sources because I encourage you to do your
own research. The examples I gave above are from experience so I am the reference/source. My goal is to save some people some money on stuff they
don't really need because in this type of economy a few extra dollars goes a long way.
Conclusion: There are many, many different scams that go on without any legal intervention. Why? Most people don't know they are being scammed or
just like to get screwed. It would take a huge group effort to take any of these scams down, boycott anyone? Anyway
hope you enjoyed.