Friday, January 30, 2009

Cash4Gold

A lot of hullabaloo was made over a Canadian man, who recently lost $150,000 to the seriously- no- one- told- you- yet? Nigerian inheritance scam.

Most of the coverage I encountered was colored by some sort of disbelief that anyone, even if they had not heard specifically of this scam*, could be naive enough to send money to complete strangers with little information other than a P.O. box and the promise of future wealth.

Interesting, because I'm pretty sure that's Cash4Gold's ENTIRE business model. "No, really! Send us your valuables! We'll "appraise" them with absolutely no input/supervision from any legitimate evaluator! Honest! We will then send you a check! If you think we lowballed you, and you call to complain, we will tell you your items have already been "liquified!" Did you know that gullible is not in the dictionary and that your epidermis is showing!"

I'm glad to see that this vile company has been vilified* as a scam already on the internet. Too bad it's not enough to prevent a Cash4Gold ad from airing on the Super Bowl this year. NBC rightfully denied previous banishee ashleymadison.com a Super Bowl spot, but replacing it with an appeal to vulnerable cash-strapped Americans to relinquish their (sometimes sentimental) valuables for a fraction of their worth was probably not the best way to reclaim the moral high ground.

*if that is the case, I've got some swampland in Florida to sell you
*intentional double-vile

Next up for Banishment: Stuffed Crust Pizza vs. First Checked Bag fees

13 comments:

McDougherty said...

Blue Hippo Computers falls under this category too. I don't know if you hear about them on the west coast, but they essentially bill you $2,000 for a machine you can get at Wal-Mart for $400.

They were run out of the state of Maryland once they were deemed a scam and now have re-branded themselves from an "Urban" company to a more "polished" organization.

I think we should have one day a year where we line the owners of these companies, then the people who fall for them, up in a line and then kick them with combat boots in their private areas till either death or common sense arrives.

Michael Horvath said...

I know scams are nothing new but the way things are as far as the economy goes I don't doubt we will hear more about people getting taken.

Anonymous said...

stuffed crust pizza is good....

Francisco said...

YOU!...... need to update :-p

Anonymous said...

lol. gold has a set value. today it's 980 dollars an ounce. they weigh the gold content and do the price based on that. most jewelry doesn't really have any collectable value. plus, gold has only recently been priced as high as it is now. In 2000, for example it was 300 dollars an ounce! so chances are people are making a profit here.

it was when we went off the gold standard in the 70's under Nixon that the price really went up. they used to use gold in computers back in the 60's because it was a good conductor and gold was like 60 dollars an ounce.

the blog is good otherwise :)

lester1/2jr

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