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Cash for Gold Scam – Are Gold Parties Really Just a Cash for Gold Scam?


By Frank K.

Cash for Gold Scam – Are Gold Parties Really Just a Cash for Gold Scam?

Gold selling parties are getting more popular every day. Are these parties really a good place to sell your gold or are they cash for gold scams that you should definitely avoid?
 A cash for gold scam happens when a consumer is taken for a ride by a non-legitimate or fraudulent gold buying business. Even though the majority of businesses are reputable, there are those that can be the source of a cash for gold scam.

Cash For Gold Scam



A scam can come in many different forms. The most obvious would be from an overnight business that has set up shop … read more ->

The Gold Party Scams How They Do It

THE PURPOSE OF THIS LETTER IS TO EXPLAIN WITH NUMBERS HOW YOU CAN BE CHEATED AT THESE
GOLD PARTIES WHICH ARE GOING ON AT HOMES, RELIGIOUS PLACES, SCHOOLS.

FIRST LET’S AGREE ON ONE SIMPLE THING “NO BODY DOES BUSINESS TO LOSE”.

I WILL START WITH SIMPLE NUMERICAL VALUES.

1- ONE TROY OUNCE = 31.103 GRAMS
2- 1 DWT = 1.5551 GRAMS ( THIS IS KNOWN ALSO AS PENNY WEIGHT )
3- PURE GOLD IS 24 KARAT OR 999.9 PURITY.
4- 21 KARAT GOLD IS 0.875 PURE OR 21/24= 0.875
5- 18 KARAT GOLD IS 0.750 PURE OR 18/24= 0.750
6- 14 KARAT GOLD IS 0.585 PURE OR 14/24= 0.585
7- 10 KARAT GOLD IS 0.417 PURE OR 10/24= 0.417

THE read more ->