Return Of "Cash For Gold" Stores On Every Corner?

Discussion in 'Bullion Investing' started by Joe2007, Jul 22, 2020.

  1. Joe2007

    Joe2007 Well-Known Member

    With the recent resurgence of the precious metals markets does anyone expect to see the return of a proliferation of sketchy "Cash for Gold" stores and metals buyers like we did a decade ago? I also vividly remember the kiosks in the malls and the traveling roadshows of estate buyers that made their rounds across the nation at that time holding buying events at motels and taking out large full page advertisements in newspapers.

    Your thoughts please. Any reasons why this time will be different?
     
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  3. baseball21

    baseball21 Well-Known Member

    Doubtful. The spike isn't enough like before, not to mention that everything has switched online right now. It makes no sense to open a new psychical store right now
     
    GoldFinger1969 likes this.
  4. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    So nice to see that so many of those 'skunks' have gone the way of the Passenger Pigeon.......
     
    tommyc03 likes this.
  5. GoldFinger1969

    GoldFinger1969 Well-Known Member

    They were there only a decade ago ?

    I saw no explosion back then. 40 years ago, yeah.
     
  6. masterswimmer

    masterswimmer Well-Known Member

    The cash for gold kiosk in our local mall has been there for years. He was manning the booth just last week when I ventured into the mall for the first time since March.
     
  7. baseball21

    baseball21 Well-Known Member

    Yep they were all over the place the last run up and as soon as prices started falling they were goin within a month or two
     
  8. Havent seen any TBH. The run up is too recent to see new businesses open up for them. Also with the $600 extra for unemployed, people seem to be doing financially okay for now, nothing too crazy desperate. Although break-ins and thefts are way up in my area.
     
    medoraman likes this.
  9. medoraman

    medoraman Supporter! Supporter

    I have seen the same. However, I have seen a couple if major new "gold buyers" pop up recently and advertise heavily. I want to go there and give them my name in case anything good comes in.
     
  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    I doubt it will be as many as the last time.
     
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