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Experience with Mycashgoldmine

emmaken
emmaken Posts: 2 Newbie
edited 2 February 2012 at 6:43PM in Boost your income
Has anyone had dealings with this gold buyer. Its just that their price is so high (£13.30 a gram, it leaves no profit margin at all for the company and I smell a "TOO GOOD TO BE TRUE PRICE OFFER here"

Of course I'd like to send what is left of my gold off to them BUT I can do the math and a look at their freeindex ratings seem to imply that they advertise the UK gold fix price but pay less when they get your gold!

Not another British Gold Refinery!!

Great isn't it , just offer a higher price than anyone else, deal with a few complaining old biddies and rake it in !!! Is this the case?

If so then please please someone stop this immediately!! Its just not right.

And if it isn't the case then how do they make any money?
Doesn't ring true to me!! Another case for the ASA?

Comments

  • I have used Cash For Gold sites previously and have found that a lot of them don't pay the price that they quote. I found mycashgoldmine online and I had the same reservations. The prices did look too good to be true however I took my curiosity further and called them and they were extremely transparent with regards to how the price on the website was the market value and not what they pay but they gave me the reasons as to why and also that they would pay 90% of that price, which I have to say is a lot more transparent and clearer than other Cash for gold companies that I have dealt with. The others have actually told me over the phone that they would pay a top price just to get my gold in to their doors and then hold me to ransom!! MyCashGoldmine were actually quite very pleasant when you pick up the phone!!

    I have actually transacted with MyCashgoldmine and I would again if I’m being honest, just because they did what they said they would when I actually spoke with them.

    I hope this helps.

    S Pearce
  • Antispam
    Antispam Posts: 6,636 Forumite
    1,000 Posts Combo Breaker
    well thanks for sharing that information, bare in mind many of us are sceptical of new posters praising a company in there first post
This discussion has been closed.
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