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Buying gold from those Cash for Gold stores
Posted:
Fri Jul 15, 2011 12:47 pmby Pennysaved
Has anyone ever went into one of those Cash for Gold stores to ask if they would sell any gold coins that they get in?
Just curious if they would be willing to resell directly since they would not have to send it out to the refiner.
Re: Buying gold from those Cash for Gold stores
Posted:
Fri Jul 15, 2011 1:16 pmby Market Harmony
If you don't ask, then the answer is No
Re: Buying gold from those Cash for Gold stores
Posted:
Fri Jul 15, 2011 1:32 pmby Robarons
I tried doing this and heres some quick responses I get:
-Cant resale to public because they do not have a permit/not authorized to do so (like buying scrap from a scrapyard)
-Must wait an extended period of time for the items to clear (30 days, etc.)
-The employees there cant resale, only the owner/head boss can do that
-Their strictly just a buying operation
-"Yeah we have scrap gold at spot +20 per a gram and 90% at 35x-How much were you looking for?"
Re: Buying gold from those Cash for Gold stores
Posted:
Fri Jul 15, 2011 5:57 pmby Mike
Back when PMs were skyrocketing in the late 70s I stopped by one of the "sell us your silver and gold" kiosks in a mall in Beaumont, Texas, and asked them if they'd sell PMs. They looked at me like I was crazy and gave me a flat "NO".
Re: Buying gold from those Cash for Gold stores
Posted:
Fri Jul 15, 2011 6:37 pmby TXBullion
One jeweler I deal with gets a pretty good rate from a refiner and we talk metals from time to time. I started getting him into silver before the rise several months ago. Now he mentioned someone was coming in to sell him gold coins at spot (govt issued) and hed flip em to me for 15 over. I didnt get that deal to work out for a different reason but shows you dont ask you dont get!
Re: Buying gold from those Cash for Gold stores
Posted:
Fri Jul 15, 2011 6:54 pmby fb101
TXBullion wrote:One jeweler I deal with gets a pretty good rate from a refiner and we talk metals from time to time. I started getting him into silver before the rise several months ago. Now he mentioned someone was coming in to sell him gold coins at spot (govt issued) and hed flip em to me for 15 over. I didnt get that deal to work out for a different reason but shows you dont ask you dont get!
That's NOT funny...........
(That it didn't work out)
Re: Buying gold from those Cash for Gold stores
Posted:
Fri Jul 15, 2011 10:52 pmby fasTT
Depends who you shop with.
Post your wants and it probably can be made to happen.
Re: Buying gold from those Cash for Gold stores
Posted:
Sat Jul 16, 2011 1:41 amby Nickelmeister
fasTT wrote:Depends who you shop with.
Post your wants and it probably can be made to happen.
What he said
