Have you said "Bye bye lovely gold, hello tiny little cheque"?
In these trying times, more and more desperate punters are looking to raise extra cash by flogging their unwanted gold items. But it’s becoming an increasingly murky business and the angry sound of dissatisfied customers’ voices is becoming harder to ignore.
Recently we featured Cash4Gold, one of the major players in the growing flog-your-gold-by-post industry. Not only have they attempted to sue a whistleblower who revealed some of their dubious business policies, they have also tried to buy the silence of a dissenting writer who alleged that it is standard practice for Cash4Gold to offer just one third of the actual value of gold items submitted by their customers. (It should be pointed out though that Bitterwallet's silence cannot be bought, although we'll be happy to take a good hard look at any sensible offers.)
Now, the similarly-named Money4Gold are in the spotlight - the spotlight of shite that is. The Moneywatch site featured them a couple of weeks ago and since then, the gripes from pissed-off gold-sellers have steadily mounted up.
“The pieces I sent had been evaluated at just over 300 pounds for insurance purposes. I sent it off and within a few days received my cheque for 25 pounds!”
“I eventually got through to a human being on their phone line Wednesday last week – was told that a manager would phone me back within two days!!! well surprise surprise – no one has phoned yet.”
“I also looked at their address on Google Maps and it is a derelict-looking building in the middle of countryside. Be warned.”
Over on MSE, another poster says…
“I recently sent off over 100 grams of gold to Money4Gold using their Goldpak and got a cheque for £108!!! I sent it back immediately and sold the gold on my local market for £650!!”
So, does anyone actually use these distance-buying gold merchants and more to the point, has anyone been satisfied by their service? Anyone at all?
The message seems to be; people – don’t sell your gold to these companies. Instead, give it to Bitterwallet, and we GUARANTEE we’ll send you an exclusive signed pencil drawing of a drunken goblin in return.