Ron the Gold Guy

mrearlygold · December 3, 2010 3:43AM

Anyone see this guy who pays 65% of melt?

Ron the 65% of melt Gold Guy

Be careful out there !

indiananationals · December 3, 2010 3:52AM

this dude is nuts and the sad thing is some people will actually sell to him

mrearlygold · December 3, 2010 3:56AM

I don't know if my reply has gotten deleted yet so let me post it now

Spot at $1300/oz

14K price is determined by taking spot and multiplying it by .5625. That's melt value for 14K. He claimed what, $550. ? Now the percentage paid will tell you how much integrity the "jeweler" has. You SHOULD expect 90%.

I wonder where he got the images of the high relief, proof $20 lib on the homepage of his website?

roadrunner · December 3, 2010 4:08AM

At 65%, he more than doubles, and even triples the prices offered in my area by every jeweler and pawn shop. Only the coin shops would pay more than 65%. Ron is a saint compared to the jewelers, pawns, and mail-in-your-gold dealers. Yeah, but I still wouldn't sell to him.

20% of melt was a typical price offered for 18K by several jewelers in our largest area mall. I guess they figure if they can mark up jewelry at 5X then they should buy it at 1/5th.

roadrunner

mrearlygold · December 3, 2010 4:14AM

<< <i>At 65%, he more than doubles, and even triples the prices offered in my area by every jeweler and pawn shop. Only the coin shops would pay more than 65%. Ron is a saint compared to the jewelers, pawns, and mail-in-your-gold dealers. Yeah, but I still wouldn't sell to him.

20% of melt was a typical price offered for 18K by several jewelers in our largest area mall. I guess they figure if they can mark up jewelry at 5X then they should buy it at 1/5th.

roadrunner >>

They belong in jail. Where's congressman "weiner" and all the useful idiots that support him in the northeast on that fraud?

piecesofme · December 3, 2010 4:16AM

ok, let me get this straight. It's ok for you all to criticize a guy for what he is willing to pay for something, but when I criticized some folks here for selling way above 90% melt value...I got jumped from every which way. All kind of explanations came forth about how the seller is speculating and has the right to offer it at what he wants to and so on and so forth.
Is that hypocrisy or irony, or both?

Doesnt Ron the Gold guy have the same right to offer what he wants to?
(no, I have absolutely no affiliation with Ron the Gold guy. In fact it bothers me just as much what he's doing as with what some do here trying to sell at 25% over melt.)

mrearlygold · December 3, 2010 4:18AM

I never said a word to you whoever you are and I don't appreciate your whining on my thread.

mkman123 · December 3, 2010 4:35AM

mrearlygold, the guy disabled all posts so anything informative that you post that can allow others not to be fooled by his 65% of spot will not be shown sadly.

Piecesofme, come on, don't derail his thread!

piecesofme · December 3, 2010 4:41AM

ok, first of all, not trying to derail anything. secondly, i did not say ANY names of who I was upset with for attempting to sell 90% 25% above melt or who bashed me when I when I did so. My post is unedited. DONT read anything into something that isnt there. Just STOP doing that and we'll all be ok, alright?

mrearlygold · December 3, 2010 4:42AM

<< <i>mrearlygold, the guy disabled all posts so anything informative that you post that can allow others not to be fooled by his 65% of spot will not be shown sadly.

>>

I saw that and he deleted my reply. I think I'll send a copy of it to the Colorado State AG just for info. See if his pony tail lights up on that one the putz.

TWQG · December 3, 2010 4:54AM

He must be a professional, just look at the smock

roadrunner · December 3, 2010 5:38AM

Why should Ron get investigated for buying at 65% when the cash for gold schemes all over the country are paying 30-50%? I don't see any enforcement actions on them. Other than the bulk of coin shops, most of them are outright crooks.

And if you want to sell your silver for 25% above melt, that's fine. It will just be ignored. There's not a single person registered in the forum that doesn't know how to go out and get a competitive price on silver bullion. And by putting out a ridiculous price you just ensure that a large number of people will ignore most of your future sell threads w/o even reading them. I know there are a bunch of sellers on the BST that I no longer read solely because of their attempts at trying to stick it to the first responders during previous gold and silver run ups. Why waste your time? Then you have sellers like Jim Dimmick whose typical offerings last about 3-30 minutes before they are gone.

roadrunner

ksammut · December 3, 2010 6:15AM

<< <i>Why should Ron get investigated for buying at 65% when the cash for gold schemes all over the country are paying 30-50%? I don't see any enforcement actions on them. Other than the bulk of coin shops, most of them are outright crooks.

And if you want to sell your silver for 25% above melt, that's fine. It will just be ignored. There's not a single person registered in the forum that doesn't know how to go out and get a competitive price on silver bullion. And by putting out a ridiculous price you just ensure that a large number of people will ignore most of your future sell threads w/o even reading them. I know there are a bunch of sellers on the BST that I no longer read solely because of their attempts at trying to stick it to the first responders during previous gold and silver run ups. Why waste your time? Then you have sellers like Jim Dimmick whose typical offerings last about 3-30 minutes before they are gone.

roadrunner >>

RR - Always the voice of reason.

MoneyCollector · December 3, 2010 6:23AM

I recently sold some old gold jewelry for the first time and got much less than I thought I would but it makes sense. When I sell them a gold eagle its ready to go back out to someone else. When I sell a broken necklace, it needs to be processed back into something usable whcih adds to the cost. Buy prices have to be less - makes sense to me. How much less is up to debate but it costs a lot to run a business nowadays with the gov't as your partner

Ron the Gold Guy

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