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83 Comments
- shutaro, on 01/30/2009, -0/+47If there's one guy that knows about selling gold, it's MC Hammer.
- scoetrain, on 01/30/2009, -0/+42FYI, they pay about 4-8% of the value for your gold. Worse than hocking it.
- greenlight2001, on 01/30/2009, -0/+34Found this nugget on a complaint website:
I am a former employee of Cash 4 Gold. I did not know much about the company before being hired. On my first day of being hired, I was taught the "Cash 4 Gold Scam" from beginning to end.
1. The "refiner's pack" that is used for you to put your jewelry is "insured for UP TO 100 dollars, " according to how much they feel your items are worth, NOT appraised at
2. We receive your "Refiner's Pack" within 3-4 days, but we are instructed to tell you that it takes "7-10 business days, for us to receive your pack, ALTHOUGH your package has already arrived.
3.Your jewlery gets appraised by hand/magnifying glasses/
a small weight pad, and a bottle of mystery fluid, which your items are then give a value for. Not million dollar equipment or specially trained jewelry experts.
4. Although the payment (check) for your item is dated within 24 hrs of testing your jewelry, we sometimes DO NOT actually send out the check until up to 3-4 days later.
5. We claim a 100% Satisfaction Guarantee or your jewelry returned, BUT THE CATCH IS, that the guarantee is contacting us within 10 DAYS from when your check is DATED. (This begins with the time it takes for the accounts payables dept. to issue the check and also including the transit time for you to receive your check in the mail. **** NOTATE THE COMMERCIALS THAT STATE U GET YOUR CHECK IN 24 HRS.***
5. IF you are lucky you will receive your check around the "7th-10th" bus iness day, AND more then 97% of the time Customers are outraged when they lay eyes on the amount of the check. Some Customer's even receive a check for 0.01 cents. (TRUTH) Thats including items of great value (Diamonds, Platinum/ Gold and Sterling)
6. They sometimes even receive your valuables and like them so much THAT we CLAIM to not have received the items just so the "TOP" people or even "FAVORED" people can get first dibs on your items. From which point we issued an INSURANCE CLAIM for UP TO 100 dollars. GOD FORBID your items are worth more then a 100 dollars, and when you call in to check on the status of your items, we tell you " YOU SHOULD"VE ADDED EXTRA INSURANCE ON YOUR ITEMS." We do not have an actual Insurance company, they use customer service reps as the claim department agents.
7. For those who receive there check within the 10 day frame, GOOD LUCK with trying to get in touch with a cust. srvc. rep before your 10 days are up. Which after your 10 days, your items are "ALREADY MELTED" or NO LONGER AVAILABLE FOR RETURN."
8. For the "LUCKY" people who do get in touch with us within the alloted time frame, we already know what you are calling about. Customers want their items returned, because there
check amount is so insultingly LOW. The first thing a Rep will ask you is "HOW MUCH WERE YOU EXPECTING TO GET BACK?" This way we can know how much to "BONUS" you.
Definition of a BONUS: We issue low checks just to have you call us back if you are smart enough to realized that you just got scammed. For the smart one's we are paid to offer u a bonus up to 3x the original amount of your check and you accept. For ex: Sally Smith receives a check for $27.86 for a rolex watch(which we dont issue value for), a class ring, a ring with diamond chips, a pair of earrings with emeralds, as well as a few sterling silver pieces, and maybe a few items that were really of no value. Now Sally Smith calls the cust srvc dept, where she speaks to a rep who seems so concerned and will see if she can do better with the amount by speaking to a "SUPERVISOR". We then place the caller on Mute, and speak to our neighbors or doodle on a sheet, or twiddle with our hair for about 45 seconds, while we are supposedly speaking to our supervisor about Ms. Smith's complaint. We then come back with an offer to "BUMP UP YOUR MELT DATE or any other lies the cust srvc reps can think of, and offer you a total amount of $53.20 which is a little under double the amount of your original check. In which case if you accept, the cust srvc rep makes a 15.00 bonus off of your transaction. If the cust srvc rep offers you under triple the amount of your orig check, she makes 10.oo in bonuses.
9. If you accept the offer, the deal is done, and you are told that the call is recorded(which most of the time, the record button does not work.)Just a way to make your feel binded by a verbal contract. IF you do not accept the deal, you have to return your check, and it takes sometimes up to a month to receive your items back after we receive the check.
10. If you only want the items that we do not find of any value back, you have to pay a 10.00 shipping and handling fee to have your own items returned, which varies depending on sales for that week. IF sales are good, there is no fee, when we are slow, you must pay.
Cash 4 Gold is definitely not a trustworthy or credible company to do business with. You are almost better off taking your items to a local pawn shop or shopping around for other companies. With the economony the way it is, Cash 4 Gold seems to be a way out of financial stress for some, but in actuality becomes a stress of its own. I would advice you to think twice before sending in valuables or items inherited and of sentimental value. Its not worth it. I am not doing this as a way of Bashing their money making process :) but more so to warn everyone. - Obsession88, on 01/30/2009, -0/+301. Break in to house
2. Steal gold
3. ????
4. Profit
????=Cash4Gold - CyberStriker, on 01/30/2009, -0/+25Cash4gold is also a big scam.
Read this from Consumerist.com: http://consumerist.com/5142831/cash4gold-offers-bl ...
And look at some of the comments here: http://www.complaintsboard.com/complaints/cash-4-g ... - ousthouse, on 01/30/2009, -0/+25I loooove their commercials
"I turned my grandmother's old jewelry into cash for textbooks!" - fuckingusername, on 01/30/2009, -3/+26I got enough 2 buy 2 crack rocks !
thanks Cash4Gold....
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░░░░░░░░▀▀▀▀▀░░░░░░░░░░░░ - frcc, on 01/30/2009, -0/+22Two celebrities who squandered enough wealth to live 50 life times. Think I'll do the exact opposite of what they suggest. Rather than selling gold I'll buy more.
- PxCxG, on 01/30/2009, -1/+17Yeah, cash for gold sounds like a service right up many diggers' alleys: send in your gold, and we'll send you some money. Trust us! It will be a fair price we sent you! What, unhappy with the price? Oh sorry, we already melted down your grandma's necklace...to bad for you!
- onelikeseabass, on 01/30/2009, -1/+16Trade in your precious metal for worthless pieces of paper.
Yea, that's a smart move. - vtbarrera, on 02/03/2009, -0/+12These two guys are going to be the dream team when it comes to a cheesy cash for gold commercial. This would have been a PR touchdown, but the company isn't cool enough, so they have to settle for field goals.
- laughtears, on 01/30/2009, -0/+12Nice, @Cash4Gold, as seen on twitter. I always skip the game and fast-forward to the commercials. Looks like same gameplan this year.
- fuhcough, on 01/30/2009, -0/+11from watching their lame commercials, you'd have no idea they had someone in marketing that would come up with something like this...
- uptwolait, on 01/30/2009, -0/+11MC Hammer and Ed McMahon. Excellent examples of people needing to sell the bling to eat now.
- Tyrghast, on 01/30/2009, -1/+10Ah how I love listening to MC Hammer's greatest hits, such as "Can't Melt This"
- davewashere, on 01/30/2009, -0/+9Seriously, it's like a giant pawn shop that's so big criminals can feel anonymous when using their services.
- jerrod73, on 01/30/2009, -0/+9This is exactly what I think people are doing everytime I see the infomercial, Now they're not getting caught at the pawn shop..
- Dopeness, on 01/30/2009, -0/+8Jesus Christ, Ed looks like a walking CORPSE in that photo.
If he had longer hair he'd look like a real life BeetleJuice. - getoffmybridge, on 05/05/2009, -0/+8(nasal voice) "I sent them the wedding ring from my first marriage and got money the very next daaaaay"
- jguy584, on 01/30/2009, -0/+8If you go on there website they say that they melt down all received jewelry "for a completely anonymous transaction."
- superkendall, on 01/30/2009, -0/+8If the stimulus bill passes, you may want to hold on to as much gold as you can.
- NoxAeternus, on 01/30/2009, -0/+7Why anyone would send valuables.. through the mail or some other shipping company, to some unknown entity is beyond me. The value in jewelry is normally not the materials themselves, but the craftsmanship involved in them. So unless you have some really, really gaudy piece of jewelry, you're probably better off selling it as is.
I want to know why people think Cash4Gold is even a good idea in the first place, and how this company has suckered in so many people. - saunders45, on 01/30/2009, -0/+7"It's a safe and reliable transaction with satisfaction guaranteed."
Dear god that commercial was on so much during football season it's engrained in my brain... - AmyVernon, on 01/30/2009, -0/+7At least you're still getting solid advice. :-)
- DavidtheMavin, on 01/30/2009, -0/+7Best comment ever!
- bixby1, on 01/30/2009, -0/+6For some reason, this just makes sense to me.
- gnarkill726, on 01/30/2009, -0/+6*buy
(*grumble*) - jerrod73, on 01/30/2009, -0/+6lol
- greenlight2001, on 01/30/2009, -0/+6*their
(*grumble*) - pintomp3, on 01/30/2009, -0/+5They should have gotten Ron Paul to do the spot.
- scoetrain, on 01/30/2009, -0/+5No. I was curious and googled them when those commercial started appearing like crazy. Found some sites where people found out the hard way.
- Zuwxiv, on 01/30/2009, -0/+5All those sorts of programs are a huge rip-off. People don't actually know the value of the gold, so when they get a check for a few hundred dollars, they think it's a great deal.
I've been thinking of investing in some precious metals, even though I don't have much at all. It's a safe investment because it will ALWAYS be worth something, and you won't lose any money unless you sell it for a loss... (So just don't do that.) It's not very liquid, but it's reliable. - aschwartz, on 01/30/2009, -0/+4Is that zombie ed mcmahon? I cant believe he is still alive. THis is the biggest rip off ever, they make so much money off all the gold you send them. I cant imagine sending my precious gold in a baggie to people who I dont know, and then WAITING for a check back.
And Hammer? Really? Was Mario Lopez or Greg Brady not available? - CyberStriker, on 01/30/2009, -0/+4More like 66% more. Cash4gold are offering people 1/3 of what the gold is really worth.
Read this: http://consumerist.com/5142831/cash4gold-offers-bl ... - EarlOfLade, on 01/30/2009, -0/+4Why would anyone give their gold to cash4gold? It's not like you could easily get 20% more for your gold if you actually got off your fat ass and drove to a real goldsmith.
Are people really this stupid? - Dralite, on 01/30/2009, -0/+4wow, those poor bastards must be broke
- CyberStriker, on 01/30/2009, -0/+4Pool's closed!
- diggopolous, on 01/30/2009, -0/+4Any and all pity I had for Ed McMahon's predicament has just been flushed down the toilet now that he has joined this dubious venture.
- PxCxG, on 01/30/2009, -1/+5A lesson learned from personal experience?
- PFCWilliams, on 01/30/2009, -0/+4Ed McMahon started out doing the boardwalk pitch (literally) in Atlantic city, so at heart he really is a pitch man. He was lucky to get that gig with Johnny Carson. This is what he knows, pitching products and services. He worked his way through college selling vegetable slicers on the Atlantic City boardwalk. Ginsu knives is a classic example of the boardwalk pitch.
- SKrypto, on 01/30/2009, -0/+3Mr. T wasn't available?
- Jerky1312, on 01/30/2009, -0/+3Consumer rights groups should have bought the ad slot right after the Cash4Gold spot and highlighted their scamming ways. Not going to happen though.
- wakeupsticky, on 01/30/2009, -0/+3I divorced my husband so I could sell my wedding ring for gas money!
Thanks, Cash4Gold!
*thumbs up and wink* - XxModestMousexX, on 01/30/2009, -0/+3Wow, heres one of the comments from the complaintboards:
"I want my jewerly back some how so me way. I was rip off and Im a single parent trying to get money to support my family the check I got in the mail was wrong. God bless they soul for what they did to me. Im mad and I want my jewerly back asap." - inactive, on 01/30/2009, -0/+3cash4gold is a complete scam. They give you 1/3 value of your gold at best. Just sell your stuff on ebay, you'll usually get the fair value for your item.
- dirbinhas, on 01/31/2009, -0/+3It's pretty obvious, if they can afford a superbowl commercial, you're getting screwed on your gold deal.
- RattlesnakeJake, on 01/30/2009, -0/+3"nabs" is the wrong word here
- Konrad9, on 01/30/2009, -1/+3Ed McMahon looks like the Emperor in the story picture.
- BrokenVisage, on 01/30/2009, -1/+3Worst commercials ever!
- Wiink, on 01/30/2009, -0/+2I got $600 for my scrap gold...man, I hate those commercials, but this commercial has potential.
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