Why is old gold all of a sudden so important??

Question

Lately I've been seeing all these commercials requesting to buy ur old gold jewelry or whatever just as long as it was once valuable,,, why????

Answer 1

Gold is gold.  Doesn't loose it's value.  People have bits and pieces tucked here and there.  Get enough of it together and you have a good chunk of money.

Last I saw it was over $800 per ounce.  Haven't see those prices since the late 70s (I was in high school).  It was $850 per ounce easily.

Answer 2

Gold is a noble metal and doesn't loose value. Your old jewelery or anything having gold in it may be of not much use to you - so they can buy it at a low price.

They can very well melt it and extract pure gold out of it. The gold is trading at it's historic high now and they can have good deal when they sell the same in the market.

Answer 3

The price of gold is HIGH!! and they want you to send them your junk and send you back a small portion of what you could have gotten from it otherwise. but people still keep sending in their old gold because most of it was stolen goods in the first place they couldn't sell as jewerly otherwise.

Answer 4

The price of Gold is up, considerably, and any old gold jewlery can be melted down and used for whatever you want. Basically thou, it is a rip off, you see the people advertising hope you don't know how much Gold is worth. You send them your old jewlery that you don't have any worth to or attachment, they know Gold is about $900 per oz depending on if it is 14 Carat, 18 Carat or 24 Carat, they offer  you much less, hoping you have no idea of the value, you sell it to them , they sell it for what it is really worth and make a nice profit for doing nothing buy advertising.