Recent day-time TV advert for a pay-day loans offers a quick service. I
would think so with an interest rate of 2356% APR !


--
Alan
news2009 {at} admac {dot} myzen {dot} co {dot} uk

"Alan" wrote in message
...


Recent day-time TV advert for a pay-day loans offers a quick service. I
would think so with an interest rate of 2356% APR !

and there are ads offering to "buy your gold" that (anecdotally) pay about
10% of actual value.

I really can't understand why someone with some jewellery to sell doesn't
just go into a local jewellers and see what they will pay first.

tim

On Wed, 30 Dec 2009 13:39:54 -0000, tim.... put finger to keyboard and
typed:


"Alan" wrote in message
...


Recent day-time TV advert for a pay-day loans offers a quick service. I
would think so with an interest rate of 2356% APR !

and there are ads offering to "buy your gold" that (anecdotally) pay about
10% of actual value.

I really can't understand why someone with some jewellery to sell doesn't
just go into a local jewellers and see what they will pay first.

As the saying goes, a fool and his (or her) money are soon parted. And
there are enough fools out there for parting them from their money to
be a viable business model.

Mark
--
Blog: http://mark.goodge.co.uk
Stuff: http://www.good-stuff.co.uk

"Mark Goodge" wrote in message
house.net...
On Wed, 30 Dec 2009 13:39:54 -0000, tim.... put finger to keyboard and
typed:

"Alan" wrote in message
...


Recent day-time TV advert for a pay-day loans offers a quick service. I
would think so with an interest rate of 2356% APR !

and there are ads offering to "buy your gold" that (anecdotally) pay about
10% of actual value.

I really can't understand why someone with some jewellery to sell doesn't
just go into a local jewellers and see what they will pay first.

As the saying goes, a fool and his (or her) money are soon parted. And
there are enough fools out there for parting them from their money to
be a viable business model.

One must not forget also the elderly and vulnerable who DO need protecting.

Iain

On Wed, 30 Dec 2009 15:51:23 -0000, Iain put finger to keyboard and
typed:

"Mark Goodge" wrote in message
shouse.net...
On Wed, 30 Dec 2009 13:39:54 -0000, tim.... put finger to keyboard and
typed:

"Alan" wrote in message
...


Recent day-time TV advert for a pay-day loans offers a quick service. I
would think so with an interest rate of 2356% APR !

and there are ads offering to "buy your gold" that (anecdotally) pay about
10% of actual value.

I really can't understand why someone with some jewellery to sell doesn't
just go into a local jewellers and see what they will pay first.

As the saying goes, a fool and his (or her) money are soon parted. And
there are enough fools out there for parting them from their money to
be a viable business model.

One must not forget also the elderly and vulnerable who DO need protecting.

Indeed. I'm not justifying it, merely explaining it. It's all too easy
for those of us with at least half a brain to think that no-one would
be stupid enough to fall for these things. But people do, and enough
of them do for it to be worthwhile creating businesses that rely on
them doing it.

Mark
--
Blog: http://mark.goodge.co.uk
Stuff: http://www.good-stuff.co.uk

On Dec 30, 1:39*pm, "tim...." wrote:

I really can't understand why someone with some jewellery to sell doesn't
just go into a local jewellers and see what they will pay first.

tim

My mother-in-law went into 2 local jewellers to value an early 19th
century 22ct ring (a big bugger too) plus diamond that she'd had
bequeathed to her about 50 years ago.

One said £307, one said £312.

She said to the one offering £312, ok, I'll take it..........at which
point she was advised that the scrap value was about £40 and that's
all they would pay.

The second one repeated this except said £35.

Local jewellers are not paragons of virtue, trust me........

"Mark Goodge" wrote in message
house.net...
On Wed, 30 Dec 2009 15:51:23 -0000, Iain put finger to keyboard and
typed:

One must not forget also the elderly and vulnerable who DO need
protecting.

Indeed. I'm not justifying it, merely explaining it. It's all too easy
for those of us with at least half a brain to think that no-one would
be stupid enough to fall for these things. But people do, and enough
of them do for it to be worthwhile creating businesses that rely on
them doing it.

I have a recording of the final 6+ minutes of a telephone scam of an indian
sounding gentleman who was trying to pursuade me that he was an MS
contractor who had been instructed by MS to link into my computer and
correct a 'problem'. Most of it was quite believable, but then some issues
on Data Protection cropped up. Then, when he finally asked me what
operating system I was using (despite having information from MS!), it just
confirmed the scam.

Who does not get the occasional program crash? Those who use BT also are
aware of the system they use to authorise someone to link in to a computer.
He was extremely convincing. I would hate to think the very high percentage
success rate that he was achieving.

The first sight I had of the Nigerian-419 scam was in the mid-80s. That was
received by fax. I checked it out with the company auditors who confirmed
it was a scam. Its success can be seen in that it is still very much
around.

Iain

On Wed, 30 Dec 2009 08:49:26 -0800 (PST), Gary Baldi put finger to
keyboard and typed:

On Dec 30, 1:39*pm, "tim...." wrote:

I really can't understand why someone with some jewellery to sell doesn't
just go into a local jewellers and see what they will pay first.

tim

My mother-in-law went into 2 local jewellers to value an early 19th
century 22ct ring (a big bugger too) plus diamond that she'd had
bequeathed to her about 50 years ago.

One said £307, one said £312.

She said to the one offering £312, ok, I'll take it..........at which
point she was advised that the scrap value was about £40 and that's
all they would pay.

The second one repeated this except said £35.

Local jewellers are not paragons of virtue, trust me........

When most people ask for a valuation, what they most commonly need it
for is for insurance purposes. And in that case, the value that
matters is what it would cost to replace it, not what you would get if
you sold it.

Mark
--
Blog: http://mark.goodge.co.uk
Stuff: http://www.good-stuff.co.uk

Mark Goodge wrote:
On Wed, 30 Dec 2009 08:49:26 -0800 (PST), Gary Baldi put

My mother-in-law went into 2 local jewellers to value an early 19th
century 22ct ring (a big bugger too) plus diamond
One said £307, one said £312.
She said to the one offering £312, ok, I'll take it..........at which
point she was advised that the scrap value was about £40 and that's
all they would pay.

When most people ask for a valuation, what they most commonly need it
for is for insurance purposes. And in that case, the value that
matters is what it would cost to replace it, not what you would get if
you sold it.

Plus the high street jeweller is probably not in the business of selling
second-hand stuff. Hence they offer an opinion of what it might fetch at
auction or whatever, but they're not interested in buying it themselves.

Pete

"Mark Goodge" wrote
When most people ask for a valuation, what they most
commonly need it for is for insurance purposes. And
in that case, the value that matters is what it would
cost to replace it, not what you would get if you sold it.

Ahem - why not hang around outside a jeweller and offer
someone trying to sell one, a quid more than the jeweller offered!

If a jeweller could get one for £X then your
"cost to replace" could be only just over £X...