Cash For Gold

Over the last 2 months, I noticed at least a dozen new places open until buy gold. Thats all they do buy gold people. Why do people go crazy with the money for the secret of gold. Is it going to stay like that crazy or eventually die down like all the rest. I even had one of my Buddie tell me he was thinking of opening a fund for the killing. Please give me your comments on this?

As gold prices are currently quite high, they are particularly volatile, historically, so that these "golden sites" may purchase from the public (with a discount) and is selling very quickly to the immediate benefit or slower resale to the public to "published" value.

If you look at history, it often happens with "hot" commodity, and these companies are fleet of foot enough to leave the track before the "return to reason" and the inevitable downfall ...

Gold has traded within the same "midrange" between $ 310/ounce and $ 630/ounce (adjusted for inflation) since the year 1515. Nothing has changed on the greed of man or the 'fundamental economy in the recent past, the logic should tell you that it will soon again.

http://www.sharelynx.com/chartsfixed/600 ...

Currently, the price of gold is high on the market. These sites buy gold at cheap prices, sometimes nickels and dimes on the dollar, it molds and sell on the open market.

The current price of gold is one ounce of 1100-think how these clever businessmen pay for an ounce and you'll see why there are so many ads and marketing courses.

Because gold is a commodity stable in an unstable economy. Cash for gold companies are however about scalpers. It is a company at the end and they do not pay as much information as gold is worth. But if you have gold and you need cash, the smart thing to do. Its much much better than could be obtained from a pawn shop.

This is a consequence of the bad state of the economy. in a few years most of these places have disappeared, if people work, they do not need to sell gold / items / jewelry / all at a loss.