no stinky gold, british style

by **armati** on Wed Feb 20, 2019 12:23 pm

no stinky gold

https://youtu.be/75XCLTeKzBk

Brits are as ignorant as yanks :lol:

I thought europeans knew better.

He was willing to pay $1300 about 1000 pounds? for a candy bar or coffee :lol:

The coffee vendor could have simply taken the gold to a currency exchange or coin shop and got the cash.(not bad for a days effort)

Mark Dice does the same thing in the states.

I guess it just amazes me people are so ignorant, o well.

by **DoomYoshi** on Wed Feb 20, 2019 12:44 pm

I despise retail completely and I think all retail establishments should be closed. However, I might open a retail establishment next time he comes around. Can you give me a heads-up?

by **2dimes** on Wed Feb 20, 2019 1:48 pm

You think those people are too stupid to accept the Gold. I think they are rightly sceptical about being scammed. There are too many problems and if someone tried to give or sell you gold it's more likely it's going to be counterfeit.

You can probably spot some counterfeits but most people have never touched a gold bar. They have no idea if what that guy had was real.

I certainly might have taken a chance accepted the gold, bought a coffee out of my pocket. Even if it's fake it would be a fun story but I'm not afraid to be fired from a coffee shop.

That is exactly what I was trying to explain to you before. Gold and Silver are not currency right now. He couldn't even open a bank account with it.

I agree with you thinking it's rediculas but this is how it is.

by **DoomYoshi** on Wed Feb 20, 2019 2:07 pm

2dimes wrote:You think those people are too stupid to accept the Gold. I think they are rightly sceptical about being scammed. There are too many problems and if someone tried to give or sell you gold it's more likely it's going to be counterfeit.

You can probably spot some counterfeits but most people have never touched a gold bar. They have no idea if what that guy had was real.

I certainly might have taken a chance accepted the gold, bought a coffee out of my pocket. Even if it's fake it would be a fun story but I'm not afraid to be fired from a coffee shop.

That is exactly what I was trying to explain to you before. Gold and Silver are not currency right now. He couldn't even open a bank account with it.

I agree with you thinking it's rediculas but this is how it is.

I mean, who wouldn't take the gamble for a price of coffee?

by **2dimes** on Wed Feb 20, 2019 2:27 pm

Probably most people. They are right though. If it seems too good to be true...

by **DoomYoshi** on Wed Feb 20, 2019 2:35 pm

Let me rephrase that. Who wouldn't give away a free coffee if someone asked?

by **armati** on Wed Feb 20, 2019 3:49 pm

lol, scammed on gold, I guess thats a point, not a good one but a point no the less.

How many counterfeit wedding rings are out there? or ear rings? jewelry.

I think you might think about that from the counterfeit coin issue that was happening some years ago, they were sold over the net if I recall.

There was also a story about counterfeit bars that had tungston inside them as the metals are about the same weight/space.

The story turned out to be bogus.

But the vendors in this story simply wanted cash, they had no idea the value of gold or silver.

Mark dice does the same sorta thing, in front of a coin shop that will verify the metal or buy it outright, he asks people if they want a candy bar or a metal bar, even telling them they simply need to ask the coinshop.....nobody wants the metal.

Nobody will even ask the shop.

There is no way they could be "scammed" as it is free to them, but they are plain ol lazy and stupid.(3-4 steps from the shop door)

Like Dom says, for the price of a coffee that they may very well give away if asked.....................

I guess maybe its a "shock" thing.

99% of western people just have no idea the value of metal (I just thought europeans did)...............should the american dollar default on a 22 trillion debt they can never repay, they will find out in hurry.

by **KoolBak** on Wed Feb 20, 2019 4:04 pm

99% of western people. Who exactly are western people? I have never in my life come across anyone in discussion (rl) that didn't know an accurate estimate of the price of gold. 5 in 10 don't know platinum..probly 5 in 10 can only come close on silver but everyone knows gold in my experience.

Odd that's it's so different than your sweeping generalizations.

by **Bernie Sanders** on Wed Feb 20, 2019 5:57 pm

DoomYoshi wrote:Let me rephrase that. Who wouldn't give away a free coffee if someone asked?

I want to punch your avatar with my appendage!

.....carry on

by **armati** on Wed Feb 20, 2019 6:46 pm

koolback, western people are people that live in the west as opposed to the east. There is a "middle" which would be called the middle east as opposed to middle earth.

Everyone in ur experience knows the price of gold.....ok.

Differs from my experience, my experience would be about the same as the vid I posted, or M Dice vids.

To me, you saying everyone you know, knows the price of gold is good news to me.

by **KoolBak** on Wed Feb 20, 2019 8:33 pm

There's no "C" in KoolBak, dammit!! :lol:

by **The ram** on Wed Feb 20, 2019 11:20 pm

Shit, if only the people in Britain believed everything that's gold coloured was gold. I'd be running round buying new cars with lumps of copper. What a naive bunch of fools the British are :-s

by **KoolBak** on Thu Feb 21, 2019 7:43 am

Speaking of copper....do you guys have scrap metal buying yards in England? Or Canada? All over here, and copper is one of the more valuable metals, along with brass, aluminum, zinc, lead. Cranksters (druggies) have created a massive problem in the last 5-10 years stealing copper like from public fixtures, piping in New construction, wiring in old buildings, etc. Folks dying frequently sawing into major electric trunk lines they think are dead....i know a guy (thief) that did that while on the job and got blowed up real bad :lol:

Anyway, big issue here. Scrap yards used to hand out cash and there would be a line of tweaked out losers to sell scrap. Now have to register with ID and wait a week to have a check mailed. Thinned the losers out a lot.

I collect metals just in passing. Last load I took in got me over $300 for shit I'd normally throw away.

by **2dimes** on Thu Feb 21, 2019 8:17 am

Ask around armati and see if you meet anyone that does not know an oz of gold is valuable or expensive.

They probably won't know the exact price and might have no idea how big an ounce is but they will know gold is expensive.

The first time I went into Alburn Coins I asked about counterfeits. I said it was scary and made me angry that they were counterfeiting the grading slabs which were what protected a newb like me. The guy working there said not to worry about the slabs. The ones he saw were pretty obvious unless you never saw a real one.

Still annoying.

by **2dimes** on Thu Feb 21, 2019 8:27 am

DoomYoshi wrote:Let me rephrase that. Who wouldn't give away a free coffee if someone asked?

Ask at the Starbucks and find out.

by **HitRed** on Thu Feb 21, 2019 9:44 am

I been in coin shops when a seller brings slabbed coins in. The coin show says they will buy IF they can crack open the slab first and test to coin. This guy seems to have a fancier scanner.

by **2dimes** on Thu Feb 21, 2019 9:53 am

As for wedding rings. By gold coin/bar standards they are all counterfeit. Pure gold is too soft for rings.

Breaking opened a slab sounds kind of harsh. I don't blame them since they are only protecting themselves but the grading companies charged the guy to put it in the slab.

I wonder why the coin shop would test the coins if there was not a counterfeiting problem?

by **HitRed** on Thu Feb 21, 2019 9:59 am

They mean weight and they have a simple coin tester machine. The coin has to actually on the machine and not have the gap created by the holder. In San Antonio gold coins are 8% or 8% down. So the margin is small. But the losses could be huge if you pay $900 for a fake.

by **2dimes** on Thu Feb 21, 2019 10:15 am

If a guy dressed as Mr Money Bags shows up with cameras offering Gold as payment for a coffee, it's got to look like a Just For Laughs gag.

by **armati** on Thu Feb 21, 2019 5:47 pm

2dimes,

true, people in general have an idea that gold...well, has a price, expensive or cheap is relative.

Some days(far from all days) the gold price is listed on the news with oil the s&p dow and tsx.

If they buy jewelry or look at it in a store, they might think gold is expensive.

Canadians are far more likely to know the price in american dollars than they are in their own currency.
(I have debated with banks and news channel executives concerning that)

A friend of mine was convinced gold was a total loser because the price had come down from about 1800 to about 1200.

The high for gold in canadian was about $1800, what he heard was an american $1200 price after hearing the canadian high price.
In canadian today we are at about $1750. american, about $1300.

So, ya, people know there is a price, but they dont know enough to know what it is in their own currency.
So, limited info at best.

That fellow I mentioned is a successful property investor, multi millionaire, so he really isnt stupid, just no idea about gold.(typical)

There is a small % of the population that does follow the correct price and purchases on a regular basis.
So, ya, some people are fully aware, but they are in the minority.

I just remembered, a person can buy counterfeit gold coins from China, they are sold as counterfeit.

by **armati** on Thu Feb 21, 2019 5:54 pm

2 dimes

You mention going to alburn coins and ur concerned about counterfeits.

Just buy Canadian maples (silver or gold) from alburn and you will never get counterfeits.

They are an authorized dealer of canadian mint products.

If ur into the most metal for ur dollars stay away from the collector stuff entirely.

by **2dimes** on Thu Feb 21, 2019 6:08 pm

I'm not concerned about getting bogus product at Alburn. I would like to buy deals online or at coin shows, etc. but I have to be cautious.

Right now I like the old coins that have silver in them. Dimes from the US and quarters from Canada. I'm out of spending money so I won't be buying for a while.

Some people are re-selling fake coins but failing to mention they are not pure gold.

The first I saw of replica gold bars were Nazi gold bars for sale somewhere online.

by **The ram** on Thu Feb 21, 2019 11:32 pm

KoolBak wrote:Speaking of copper....do you guys have scrap metal buying yards in England? Or Canada? All over here, and copper is one of the more valuable metals, along with brass, aluminum, zinc, lead. Cranksters (druggies) have created a massive problem in the last 5-10 years stealing copper like from public fixtures, piping in New construction, wiring in old buildings, etc. Folks dying frequently sawing into major electric trunk lines they think are dead....i know a guy (thief) that did that while on the job and got blowed up real bad

Anyway, big issue here. Scrap yards used to hand out cash and there would be a line of tweaked out losers to sell scrap. Now have to register with ID and wait a week to have a check mailed. Thinned the losers out a lot.

I collect metals just in passing. Last load I took in got me over $300 for shit I'd normally throw away.

I used to try and save all the old copper nails and lead when stripping a roof and then reslating it. I'd weigh them in at summer and get a nice little tax free holiday bonus.

Scrap yards are exactly the same here with ID required for every transaction. Obviously there's still a few dodgy ones, mainly the smaller older guys who don't appreciate big brother knowing everything they get up to.