Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

How Cash4Gold Works - From a Former Employee

complaintsboard.com

Post reply on HN
Print view View original

11–20 of 33 posts

Re: How Cash4Gold Works - From a Former Employee

#11

Post by stcredzero »

trjordan wrote: post #9
Brushfire wrote: post #3

I hate to say this -- but who didnt know this was a scam? This is like many late night tv infomercials on a variety of topics. Clearly, the issue is that you GIVE them your stuff before they tell you the value. Its part of their system, but its also the key part in the scam. F- To Cash4Gold, but its no worse than all the other scam companies out there. If it sounds too good to be true, it is.

It's a lot harder to believe that a company with a Superbowl ad is an out-and -out scam. At least in my mind, I tend to assume that if they make it to that level, they're legit.

Like a lot of the original dot.coms?

Re: How Cash4Gold Works - From a Former Employee

#12

Post by zealog »

trjordan wrote: post #9
Brushfire wrote: post #3

I hate to say this -- but who didnt know this was a scam? This is like many late night tv infomercials on a variety of topics. Clearly, the issue is that you GIVE them your stuff before they tell you the value. Its part of their system, but its also the key part in the scam. F- To Cash4Gold, but its no worse than all the other scam companies out there. If it sounds too good to be true, it is.

It's a lot harder to believe that a company with a Superbowl ad is an out-and -out scam. At least in my mind, I tend to assume that if they make it to that level, they're legit.

Like if you're as rich as Bernie Madoff you must be legit?

You do realize that the "con" in "con man" comes from the word confidence, right? The most important thing for any scam to work is building confidence.

What better way than with celebrity-ish pitch men and a Superbowl ad?

Re: How Cash4Gold Works - From a Former Employee

#13

Post by Brushfire »

swombat wrote: post #10
Brushfire wrote: post #3

I hate to say this -- but who didnt know this was a scam? This is like many late night tv infomercials on a variety of topics. Clearly, the issue is that you GIVE them your stuff before they tell you the value. Its part of their system, but its also the key part in the scam. F- To Cash4Gold, but its no worse than all the other scam companies out there. If it sounds too good to be true, it is.

Probably the people who watched the superbowl commercial? http://www.youtube.com/watch?v=I-HmD3A0GzY The superbowl advertising sales department should probably be fired.

I had no idea they were that big. Wow. Admittedly, I don't watch the super bowl or have cable, but still, even with big marketing dollars this still screams scam to me.

The fact that they can afford a super bowl ad just proves the effectiveness of their scam. Its kind of interesting as a case study, as long as no one I know, like, or care about does business with them.

Re: How Cash4Gold Works - From a Former Employee

#14

Post by noodle »

swombat wrote: post #10
Brushfire wrote: post #3

I hate to say this -- but who didnt know this was a scam? This is like many late night tv infomercials on a variety of topics. Clearly, the issue is that you GIVE them your stuff before they tell you the value. Its part of their system, but its also the key part in the scam. F- To Cash4Gold, but its no worse than all the other scam companies out there. If it sounds too good to be true, it is.

Probably the people who watched the superbowl commercial? http://www.youtube.com/watch?v=I-HmD3A0GzY The superbowl advertising sales department should probably be fired.

on the flip side of that coin, superbowl ads were going for super cheap this year, and i bet they had to scrape bottom, dredging up these guys, just to fill up the slots.

Re: How Cash4Gold Works - From a Former Employee

#15

Post by sgoraya »

bprater wrote: post #6

"I guess this guy has posted this a few other places around the internet but I thought it was pretty good info that should be passed on." Really? Why not just link to one of the many exact duplicates of what you posted, then? Trying to get some Google love? I'm tempted to flag this except that some Hackers may be interested in the story itself.

My sentiments exactly, but its shoemoney just doing his thang!

I read his site regularly and there is usually good/great info regarding ad networks/SEO in general, but there is the occasional 'trying to get some google love' post.

Re: How Cash4Gold Works - From a Former Employee

#16

Post by [deleted] »

bprater wrote: post #6

"I guess this guy has posted this a few other places around the internet but I thought it was pretty good info that should be passed on." Really? Why not just link to one of the many exact duplicates of what you posted, then? Trying to get some Google love? I'm tempted to flag this except that some Hackers may be interested in the story itself.

[deleted]

Re: How Cash4Gold Works - From a Former Employee

#17

Post by kiba »

Turning gold into cash should be the last thing people do.

Unlike the US dollars, gold can't simply be mined fast enough to reduce its values. Whereas with the US dollar, the US federal reserve can just print it, literally.

Gold is the money of the future, especially when the economic system finally collapse. Gold has been money for thousand of years for good reason.

Unless there are better form of money in a free market, gold is the best choice. Horde some of it.(Of course, don't convert your entire saving into gold, that's stupid.) It may leave you one of the last guy with real wealth after an economic collapse. It is the cork that float in an ocean of economic uncertainly.

This is of course, assuming that the government managed to outrun our economic productive capacity.

Re: How Cash4Gold Works - From a Former Employee

#18

Post by jonknee »

noodle wrote: post #14
swombat wrote: post #10

Earlier quoted context omitted.

Probably the people who watched the superbowl commercial? http://www.youtube.com/watch?v=I-HmD3A0GzY The superbowl advertising sales department should probably be fired.

on the flip side of that coin, superbowl ads were going for super cheap this year, and i bet they had to scrape bottom, dredging up these guys, just to fill up the slots.

Actually they sold a record amount of ad revenue ($206m), so no they weren't going for super cheap. They had a few last minute cheaper spots, but we're still talking the $2.4m range.

Re: How Cash4Gold Works - From a Former Employee

#19

Post by tjic »

kiba wrote: post #17

Turning gold into cash should be the last thing people do. Unlike the US dollars, gold can't simply be mined fast enough to reduce its values. Whereas with the US dollar, the US federal reserve can just print it, literally. Gold is the money of the future, especially when the economic system finally collapse. Gold has been money for thousand of years for good reason. Unless there are better form of money in a free ma…

> gold can't simply be mined fast enough to reduce its values

No, but people's DESIRE for gold can change quite quickly.

Gold can lose value very very fast if people decide that a given national currency is going to be inflation-free - they would rather have their wealth in a liquid form, and sell the gold for cash, thus driving down the price of gold.

Why did housing prices crash over the last year? Was it because so many houses were created in 12 months? No, it was because people's estimation of the value of houses went down, due to new and better information.

Gold is certainly not immune to such effects.

Re: How Cash4Gold Works - From a Former Employee

#20

Post by watmough »

tjic wrote: post #19
kiba wrote: post #17

Turning gold into cash should be the last thing people do. Unlike the US dollars, gold can't simply be mined fast enough to reduce its values. Whereas with the US dollar, the US federal reserve can just print it, literally. Gold is the money of the future, especially when the economic system finally collapse. Gold has been money for thousand of years for good reason. Unless there are better form of money in a free ma…

> gold can't simply be mined fast enough to reduce its values No, but people's DESIRE for gold can change quite quickly. Gold can lose value very very fast if people decide that a given national currency is going to be inflation-free - they would rather have their wealth in a liquid form, and sell the gold for cash, thus driving down the price of gold. Why did housing prices crash over the last year? Was it because s…

One of the interesting things that has happened lately is a drop in gold imports to India.

The price has gotten so high, that India would rather become a net seller of gold.

Kind of an interesting dynamic.

Post reply on HN