Business Review: Postal Gold

Anonymous — Tue, 06/10/2009 - 5:59pm

Well I have been researching lately about postal gold on the TV that you might of seen too. It says that they have gave away millions of pounds which i think is'nt true. They have been in buisiness for around two to three years and had offered America's national gold trust (somthing like that) $24 billion! to be honest i think this is shocking news and i dont belive in 2 to 3 years you could make 24 billion and still have enough money to run a buisness. To be honest this must be a scam because they must be making hell of a profit and with that sort of profit they must be giving you nothing or hardly any money at all. If you think this is'nt true please contact me at muzikmonzter@hotmail.co.uk thank you for your time.

postal gold scam

Anonymous — Thu, 12/11/2009 - 1:30pm

do knot sell to postal gold its a scam..i only got £57.77 for my gold and its worth about £300.i hope i get it back..today 12 november 2009..stay away

Postal Gold

Anonymous — Thu, 19/11/2009 - 12:23am

I sent 14 items to Postal Gold and receive a cheque for £114.00 I contacted them that evening told them I was returning the cheque and wanted my items back. I sent the cheque back the following day with covering letter by recorded delivery, they sent the items back during the following week.

I have now taken the gold into a high street jewellers they valued the gold at over £748.00 I will receive my monies by transfer on Friday. Considering the national tv advertising they do you would think they would be above repproach but it does not seem to be the case.

I am seriously thinking of talking with Trading Standards with regard to this company as I feel in this climate they are ripping people off.

POSTAL GOLD

Anonymous — Sun, 22/11/2009 - 9:10pm

Postal gold is a con. True value at todays prices, 9ct, £7.90 a gram. DO NOT TAKE ANYLESS

Paul

postal gold and ht gold bar etc

Anonymous — Sun, 22/11/2009 - 9:26pm

Postal gold will not give you a price over the phone.

Cash convertors pay £4.20 a gram for 9ct gold

H T bar which are in nearly all the shopping malls pay £4.50 a gram for 9ct gold

So if you have 100 grams and sell to H T gold they will give you £450.

Todays true prices are £7.90 a gram for 9ct gold, so you would have lost £340.

I think these companies should be reported to trading standards, it is an obscene amount of profit.

YOU HAVE BEEN WARNED.

Sinbad

Gold Scam

Anonymous — Wed, 09/12/2009 - 9:54am

For the full SP on these postal gold companies, check out www.dont-post-your-gold.com there's alot of info there about the way they operate!

Not really a con as such

Anonymous (not verified) — Fri, 11/12/2009 - 1:44am

I'm not sure you can really call this a con and I doubt Trading Standards will be interested. At the end of the day they are running a business that buys a good from someone looking to sell it, give them a price for it and then that person either accepts their offer or doesn't. If they accept they get the money and the company gets the gold and then sells it on for a profit (this is how capitalism works!!!). The other commenters above who had tried these services even made the point they had returned the cheque and got their gold back, which is exactly what they said they will do. I can't see where the con is. These businesses are simply providing a service for the average person to sell unwanted gold items. Ok, they might not offer the best rates or the "true" value of the gold, but if they did there would be no profit in it and therefore no business. These type of "purchasing" businesses are a connivence and should never be looked upon as offering "best value". At the end of the day it is down the individual to decide if they want to accept what is being offered. Calling it a con however is simply not true.

postal gold not a con

goldenballs (not verified) — Fri, 11/12/2009 - 9:00pm

The last comment on the scam that is "Postal Gold" was obviously written by the shifty looking bloke off the advert during "Real Deal". I telephoned for a price per gram for 9 carat and got some garbage about they couldn't give a price because it changed all the time and that my gold would have to be tested to check it's carat. I said assuming it is 9 carat and now, what is the price? Getting no further the telesales person then started on about the full satisfaction guarantee. As they neither give you details of the weight of the gold you have sent, the price per gram, or the carat of gold, how would the average person know if the price was good or not. Therefore on the basis of this lack of information, it is obviously a CON. If not, this info would be supplied. People are very gullible and companies like this are there to take advantage. It is FRAUD and should be investigated. I reported Postal Gold to advertisisng standards, Offcom , Trading Standards, ITV etc months ago but nothing has been done. By sponsoring a show on mainstream television it gives them credibility.

One of the testimonials says "I sent a pile of unwanted jewellery, etc and got back £400." That equates to about 50 grams of 9 carat gold at the true price, ie one medium/heavy chain, or perhaps a modest charm bracelet. Her pile must have been mainly air!

It is still not a con

Anonymous (not verified) — Sun, 13/12/2009 - 10:27am

Firstly, I can assure you I have nothing to do with postal gold and do not in anyway endose their service, however as per my previous comments said this type of service is not a "con" but simply a convenience service. Like I said, non of the agencies you mention will be interested as they are running a legitimate business in a perfectly legitimate way. Just because you don't like what they do doesn't mean they are doing anything wrong. There are many of these type of "convenience" services for people to sell all types of products and they will never offer you the "best" or "market" price.

I contacted one such service about selling my car and they offered me £2,500 compared to the £4,000 trade in price I got and the about £4,500 I could have got from a private sale. I choose not to accept their offer and traded my car in, but if I had choose to accept their offer that would have been my decision and a perfectly legitimate business transaction.

Con is simply not the right description. The definition of con is "If someone cons you, they persuade you to do something or believe something by telling you things that are not true." which is simply not the case.

postal gold

goldenballs (not verified) — Thu, 17/12/2009 - 8:09pm

I totally disagree that the agencies concerned should not be interested in Postal Gold's rip off of what they claim are millions of satisfied customers. Buying something off someone for far less than it's true value is no different to overcharging for providing a service, say for example, charging an elderly person £10,000 for fixing a loose tile on a roof. Either way the companies concerned are depriving people of money the companies themselves are not entitled to. This is, by any way you look at it, fraud. If a vulnerable individual sees an advert for a company sponsoring a television program, this company gains credibility it does not deserve. Selling £2000 of gold for £400 (about what you would get) is no different to paying a plumber £1500 to unblock your toilet. Does the previous poster condone such activities merely because they provide a convenience service or would they consider this to be a rip off that Trading Standards should investigate?

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