Skip to main content

Who Wouldn't Want Cash for Gold?

We've all seen the commercials.  Mail in your unwanted and broken gold and receive cold hard cash. Yeah, I was skeptical too.  But earlier today I went to the Brooklyn Marriott where Cash 4 Gold apparently takes up residence a couple times a week.  I saw an ad in am NewYork and decided to try my luck with a few gold necklaces I've had since the '80s when I was 14k-with-lobster-claw-clasp-crazy.  Thrown in the mix were a couple items I scored at an apartment giveaway.

As I waited, I watched two women who worked for the NYPD sell their goods, so how shady could this operation be?

When it was my turn, a friendly young woman with a jeweler's lens inspected my jewelry and sorted it into bins according to karat. I told her I'd been curious about Cash 4 Gold but didn't want to mail in her jewelry. She agreed making the sale in person eliminates some of the skepticism.  She then mentioned a referral program where I make extra money each time a person I recommend sells their jewelry. Sounds good to me.

What sounded even better was my total for the gold I sold.  Let's just say I was given a bonus $20 for selling more than $100 and a 10% cash bonus for bringing in my newspaper ad.

I was pleased with the outcome and even boasted on Facebook.  With every intention of returning to the Marriott tomorrow, I rummaged through my jewelry boxes and found more gold (and silver if they take it) I can stand to part with.

Because this curious mind always wants to know, however, I Googled and found headlines that read "Cash 4 Gold Scam!" One report on ABC News (see You Tube video below) claimed that when compared to two other gold-buying sites, Cash 4 Gold came up short and offered the lowest cash back. And the company reportedly has 300 complaints with the Better Business Bureau.



This news gave me pause, but I didn't sell anything that had sentimental value and I like that I was able to do my transaction in person.  Next time, perhaps I'll try one of the other businesses if they offer a face-to-face selling option.  But for now, I trust Cash 4 Gold more than a pawn shop or ghetto jewelry joint in downtown Brooklyn.

Tell me what you think of this gold-buying rush?  Are Cash 4 Gold and other companies like it a scam?


(Image credit: Arnold Wagner Jewelry)

Comments

Popular posts from this blog

Conway Discount Clothing Chain Closing in New York City

It's the end of an era. Conway discount stores are closing . As of this weekend, a sign on the sole Herald Square location (34th Street btwn 7th and 8th Ave) says the store will close in "7 Days." Before I relocated to New York City, I was introduced to the discount chain while on a bus trip from Baltimore.  I recall the first time I saw Conway's signature pink bags carried by hurried shoppers in midtown. And Miss Foster, the trip organizer and a bargain hunter from way back, took me to the store for the first time. Conway store in the Fulton Mall./Tracy E. Hopkins When I moved here in 1994, my love affair with Conway continued.  I furnished my first apartment with discount knick-knacks and home goods from the store.  And much to my chagrin, in hindsight, I curated most of my wardrobe for my first full-time job from the long-shuttered 42nd Street and Third Avenue store. One regretful ensemble: Lime green and white checkered pants with a matching lime green

Soak Up the Last Weeks of Summer Sun At The Rockaway Hotel

Summer is winding down, but there's still time to soak up the sun -- while wearing sunscreen, chic shades and a protective hat or sun visor, of course. If you're in New York City, The Pool at The Rockaway Hotel + Spa  is a cool place to swim, lounge and discreetly people watch while swaying to beat of ambient music.  It's a vibe! Day passes are available for non-hotel guests Monday through Thursday (excluding private events, 10 am -7 pm).  Located in the heart of the Rockaway Beach community in Queens, New York, the Rockaway Hotel is just a few short blocks from the sand and surf. Besides the outdoor pool,  the  newly built 84,000 square foot hotel offers around 60 guest rooms, a restaurant, a rooftop bar, and a large event space. And it's a nice addition to the area.  When my husband and I visited the popular pool, we enjoyed yummy sips and bites poolside. Lounging chairs are first come, first serve so the early bird gets the spot of their choice. After chilling at t

Change Your Diet to Reduce Stress: 3 Easy Dietary Tips for Women

April is Stress Awareness Month .  But strategies to reduce and manage stress are welcome any time of the year.   Studies show that women are more likely  than  men to report high levels of stress, and for African American women  chronic or daily stress is even more problematic.  While we tend to think of approaching stress management from an emotional wellbeing and physical health standpoint, we don't often associate making  dietary  changes with reducing stress and anxiety.   While scheduling an appointment with your  primary  care doctor and seeking help  from a therapist or spiritual advisor may still be necessary to help address the underlying reasons for why you're feeling stressed and the degree to which your  stress  affects your life, here are a few food for thought tips from  Constance Brown-Riggs, MSEd, RDN, CDCES, CDN, nutrition consultant and author Diabetes Guide to Enjoying Foods of the World .  Swap your  morning  coffee with a cup of warm tea .   “The key to