Metal vs Currency

Originally posted by Time-Immemorial
Sure, ever heard of the Diamond District in LA, people sell gold, silver diamonds on the street, and in stores.

https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=Diamond+District+LA

If this was happening there, would it be a scam too? But cause this is two hours south, this jewlery store is a fraud now?

You got to be joking.

So if some random guy came up to you on the street and said: "I have this gold coin, it's worth over one thousand dollars, but I need cash right now, will you trade me a $20.00 for it", you wouldn't assume he's trying to scam you and that the gold coin is actually some bit of cheap metal painted to look like gold?

Originally posted by Time-Immemorial
Truth is your being scammed more in a store then you would dealing with person to person who is willing to authenticate the metal from a store that he is not affiliated with. This is common sense BD.

Originally posted by Bardock42
If they'd been married for more than 6 years they would have been wrong about how much an ounce is worth now.

Its relative, and you know it, quit being ignorant.

Originally posted by Newjak
How did those people know he was not affiliated with that store? Because he said so?

I was not talking to you there.

Originally posted by Time-Immemorial
Truth is your being scammed more in a store then you would dealing with person to person who is willing to authenticate the metal from a store that he is not affiliated with. This is common sense BD.

Yeah, sure, if I were in the market for some gold, I suppose a private seller, and a store of my choosing to evaluate it would be a good way to go about it.

Originally posted by Time-Immemorial
Its relative, and you know it, quit being ignorant.

That's what I've been saying. The value of gold is relative, and somewhat volatile as well actually.

Originally posted by Time-Immemorial
I was not talking to you there.

Originally posted by Robtard
So if some random guy came up to you on the street and said: "I have this gold coin, it's worth over one thousand dollars, but I need cash right now, will you trade me a $20.00 for it", you wouldn't assume he's trying to scam you and that the gold coin is actually some bit of cheap metal painted to look like gold?

I know gold pretty well and how much it weights, so its very easy to tell if a small piece is gold or not due to its dense and heavy nature, on top of that, if he wanted to authenticate it like Mark did, why the hell not?

Originally posted by Time-Immemorial
Not really, people buy jewelry all the time. Wedding rings and every other sort, its not that hard to find out. Or just use your brain and think

"ok when I bought my gold ring, it was less then an ounce and this is what I paid"

I said that it's not something you need to know unless you're out buying gold.

Were these people out buying gold?

Originally posted by Bardock42
Yeah, sure, if I were in the market for some gold, I suppose a private seller, and a store of my choosing to evaluate it would be a good way to go about it.

So we agree, finally.

Originally posted by krisblaze
I didn't say it was hard to find.

I said that it's not something you need to know unless you're out buying gold.

Were these people out buying gold?

Do people have to out doing anything, or isn't life free will, that if something comes up of interest you do it? Random things happen everywhere. If you found a bar of silver on the street, you were not out looking for one, but you would pick it up.

DP

Originally posted by Time-Immemorial
I know gold pretty well and how much it weights, so its very easy to tell if a small piece is gold or not due to its dense and heavy nature, on top of that, if he wanted to authenticate it like Mark did, why the hell not?

Come on, you'd be suspicious and it's a pretty natural feeling to have in a scenario like this.

Originally posted by Robtard
Come on, you'd be suspicious and it's a pretty natural feeling to have in a scenario like this.

No I wouldn't.

If he had been offering it full price, would it have made you less suspicious?

Originally posted by Time-Immemorial
Do people have to out doing anything, or isn't life free will, that if something comes up of interest you do it? Random things happen everywhere. If you found a bar of silver on the street, you were not out looking for one, but you would pick it up.

So people should know the value of gold in case they get a random opportunity to buy gold?

Or in case they find a bar on the street?

Originally posted by Time-Immemorial
No I wouldn't.

I have an investment opportunity with the son of a nigerian king I would like to talk to you about.

Originally posted by Bardock42
I have an investment opportunity with the son of a nigerian king I would like to talk to you about.

I accept your concession

Originally posted by Time-Immemorial
No I wouldn't.

If he had been offering it full price, would it have made you less suspicious?

After you're done investing in B42's Nigerian king, I have a bridge to sell you that will earn you millions in return.

I recently got dozens of gold coins at the candy shop.

I'll share some with you Time.

Not sure about the value, but we'll figure something out 🙂

Originally posted by krisblaze
So people should know the value of gold in case they get a random opportunity to buy gold?

Or in case they find a bar on the street?

Yes why would they not, I know you don't live in America, but you can't watch TV for 5 minutes without being commercialized about gold prices, how its good for inflation, investments and other things.