Comments on: VC-backed Cash4Gold attracts complaints (updated)

By: John Scomum

John Scomum — Sun, 22 Nov 2009 17:59:10 +0000

There is a New Player in town that the VC's have been paying close attention to. VC's love the growth potential of www.Mygolddepot.com This New York and Florida start up is gaining BIG market share in the very competetive online gold buying business. V Cap's love this market place, keep your eyes on www. Mygolddepot.com.... Even better they actauly have customers that like them... LOL

By: Rajje

Rajje — Wed, 04 Nov 2009 12:30:05 +0000

its a scamm

By: johnshowner

johnshowner — Tue, 06 Oct 2009 20:18:15 +0000

Cash4gold is a scam and Jeff and the other managers will be in jail just like Brenie Madoff with in the next two years. Take a look at the back round of these guys and you will see who's really behind this company.

By: wandak

wandak — Fri, 04 Sep 2009 03:03:06 +0000

have you guys seen the newest cash4gold news? it has to do with the California fires

http://www.earthtimes.org/articles/show/cash4go...

By: jrev

jrev — Fri, 04 Sep 2009 03:02:58 +0000

Decided to take a look at their site and seems they are legit and doing some good
http://news.prnewswire.com/ViewContent.aspx?ACC...

By: johnsanto

johnsanto — Wed, 19 Aug 2009 20:57:10 +0000

Most recently I used another leading site call www.mygolddepot.com after leaning of the horrible storys from crapforgold.com I have to tell u www.Mygolddepot.com was amazing ! I recieved a check with in 11 days of my package being sent to them and I was honestly shocked by the check I got, ($329.00) I e-mail there customerservice department once when I had a question and they responded w/ in the same day. Great customer service and and even better, a GREAT payout ! I have now used www.mygolddepot.com 2 more times since my first transaction for a total of $1,123.00 in payments. Mygolddepot.com Rocks !

J santo

By: Honda Parts

Honda Parts — Wed, 27 May 2009 20:38:56 +0000

Cash4gold is not a scam. My mother used it and she did get $200 for a old chain. Of course a local jewler we know later told her she could have easilly have gotten $700.

Oh well a sucker is born every minute i Guess.

By: d

Mon, 23 Feb 2009 03:57:42 +0000

As a founder of a company in the same space I was considering pitching G. Catalyst and Highland – that is on hold now since I would not want to be associated with any company with questionable ethics. This information has been available on the Web for years and for them to ignore it is poor judgement. They also operate an email spam scheme which you couldn't escape if you were in a cave in Afghanistan.

By: Allen Harkleroad

Allen Harkleroad — Thu, 12 Feb 2009 23:27:49 +0000

Seems Weronika Ciwr has been busy on the net with the same freaking defamation email. I can't wait for the Streisand effect to kick in. (We got one to for pulling direct quotes from consumerist.com). So lame....

By: Cash4GoldInc

Cash4GoldInc — Sat, 07 Feb 2009 05:12:44 +0000

A response to the disgruntled employee can be found here:

http://cash4gold.blogspot.com/2009/02/response-...

It is important to remember that this is a short-time employee who was terminated, so there are bound to be some hard feelings. While the company takes all accusations seriously, these certainly need to be kept in context.

Daniel — There is also a response to Cockeyed's original article here:

http://cash4gold.blogspot.com/2009/02/response-...

And reference to the Joe Laratro situation here:

http://cash4gold.blogspot.com/2009/02/response-...

Regarding any complaints about payout, more than 93% of customers do accept their checks. That said, most complaints stem from the fact that customers expect to get from Cash4Gold what they would get from a pawn shop. Cash4Gold is a refinery and pays for the value of the gold when it's been melted down. A pawn shop can pay based on the value of the workmanship and resell of the original piece. Anyway, there's more on this in those responses that were referenced.

All in all, it's recognized by the company that 1) more needs to be done to educate prospective customers and set reasonable expectations, and 2) work needs to be done to repair the company's image. Much of that involves a level of transparency.

By: MarkCoker

MarkCoker — Wed, 04 Feb 2009 11:10:35 +0000

I wouldn't invest in this company, just as I wouldn't invest in a tobacco company. How could you sleep at night knowing you were hurting people in the name of the almighty dollar.

By: Chris Morrison

Chris Morrison — Wed, 04 Feb 2009 05:43:30 +0000

Thanks Daniel, I didn't catch that one.

By: Mikel

Mikel — Wed, 04 Feb 2009 00:37:06 +0000

A recent story claims Cash4Gold is generating $1M per week. If so, that's lots of cash considering that some analysts claim gold will hit $2,000 oz over the next 12 months.

By: teamlram

teamlram — Tue, 03 Feb 2009 23:13:27 +0000

Strong cashflows sound great, but who are they going to unload this investment on? It sounds like their growth is going to get capped because their shady business practices are building a poor reputation for them. Plus, once the economy turns around, this business won't look attractive anymore.

By: Robert Fever

Robert Fever — Tue, 03 Feb 2009 21:32:49 +0000

Good lord... can someone remind me why shiny metal is valuable? This is thoroughly absurd. I'm sticking with my polished snail shell beads.

Do you have any tobacco?