All That’s Gold

Now begins that wonderful time of year where parents and organizers scramble to come up with fundraising ideas for their respective charities, teams, organizations, schools, churches, and what-have-you. We’ve all been bombarded with catalogs for wrapping paper, cookies, snacks, pizza kits, flowers, and almost everything under the sun. With the economy in the sink, people are tightening their grips on their purse strings and wallets. Publicly funded organizations are taking a big hit, and it’s showing.

What if there was a fundraising solution that didn’t require anyone to actually buy something? Wait a minute, there is! A Gold Party US Fundraiser is exactly the answer this economy needs for organizations to get some much-needed funding. It’s super easy to set up, expenses are almost nonexistant, and at the end of the night, successful fundraisers can rake in thousands of dollars. How is this possible? We’re glad you asked!

All you need to host a Gold Party US Fundraiser is a location, some tables and chairs, and perhaps a few snacks. Your friendly and professional Gold Party US consultants will do the rest! If you have some funds available, you can always choose a more lavish or themed fundraiser. The only effort you have to put in is invite, invite, invite. The more the merrier at a Gold Party US fundraiser. Tell them to bring their gold, silver, and platinum and one of our expert consultants will evaluate it and make an offer.

One of the best things we’ve found is that people that sell their gold at a Gold Party US Fundraiser often ask for part, or all, of their gold sale money to be given to the organization. It’s a bit of extra selflessness that helps in these hard times. Think about it, on top of the 12% of the party total, your organization will very likely get donations from the sales themselves! There is no way to lose!

If you’d like more information, or you’re ready to book a Gold Party US Fundraiser, call us at 877.329.6866 and we’ll get you started!

Gold is once again at the $1,000 mark, and the news outlets and scam artists are taking notice. Not only are companies like Cash 4 Gold ramping up their marketing to get a piece of the action, but more and more “gold buyers” are hitting the streets in ways we’ve never seen before.

Depending on where you live, you may have even seen people in bright green vests or other eye-catching colors standing on street corners, flashing signs proclaiming that you “SELL YOUR GOLD NOW!” in front of offices with haphazard banners hanging in windows. If you happen in to one of these stores, out of desperation, curiosity, or what-have-you, you’re likely greeted with nothing more than a card table and chairs in the middle of an empty office space. It looks like a set straight out of a horror movie, but the only impending torture is the pitiful amount you get offered for your precious gold.

As gold rises, more and more people are jumping on the bandwagon to buy gold and get a piece of this “cash cow”. It seems like a simple enough scam. Pay pennies on the dollar to someone for their heirlooms and treasures, then turn around and sell it at an incredible profit to a gold refiner. In truth, it is much more difficult than these people can even imagine to be safe, reputable, and fair.

Many refiners don’t take objects that are gold-plated, gold-filled or costume. Even now places in other countries are tricking the system by stamping their fakes to look real. Some even pass the most stringent tests, but aren’t gold at all. So if a gold scammer paid $100 for a fake necklace, he’s out of luck. It’s only a slight taste of justice for those who have been scammed.

Not only that, but if you’re truly a fair gold buyer, you probably aren’t making much, if any, profit. That’s why it’s usually safer to sell your gold to a jeweler than a company that does nothing but buy gold. Jewelers can not only re-use the gold they buy from you, but they also have another source of income that can help keep costs low, and help pass the savings on to you, the gold seller.

It may be easier to think of gold as a reverse sale. In typical product sales, a product goes from a manufacturer who sells it to a distributor, the distributor (or wholesaler), in turn sells it to a retail store, making a profit in the process (otherwise the distributor would be out of business, right), and then the retail store sells the product to you, also making a profit. So let’s say  a manufacturer makes a box of 100 pens and sells it to the distributor for $1. The distributor then sells that same box to a retailer for $2, making $1 profit on every sale. The retailer then sells that box of pens to you for $3, making also $1 profit.

A typical gold transaction goes the reverse. A retailer (gold buying representative) buys the gold from you for $2, even though it’s actually worth $3. We usually skip the distributor step unless the gold buyer works for a bigger company. The gold buyer then sells your gold to the manufacturer (refiner) for the full value of $3, keeping the $1 profit from buying it for $2.

A scam company would likely do something more like give you $100 for $500 worth of gold, then sell it and make $400 profit, giving you only 20% of the true value of your gold. It makes you angry just to think about something like that happening, doesn’t it? Which is why we can’t stress enough that you should thoroughly research the company you want to sell your gold to. Ask for referrals, watch the entire gold-buying process, ask lots of questions, and if you still don’t feel comfortable, walk away and take your gold with you.

As always, ask questions, leave comments. We’re happy to respond to your inquiries.