Beware of "Gold Party" promotions on Facebook

[MineralMan]

I just got one in my Facebook feed for some reason. I don't know why it showed up there or anything about the person who owns the Facebook page it led to. From what I can tell, it's a deal where you bring your old gold stuff to this party, where it gets bought by whoever is sponsoring the party. Now, I can go to several places where I live where a well-established business will buy any gold I might have to sell. Why would I go to some party where I don't know the person who is making an offer on my gold?

So, I Googled "Gold Party." Here's one article I found about the risks of such things:

http://www.businessinsider.com/how-to-host-a-gold-party-2009-11

How Gold Parties Rip People Off

Ahh the Gold Party, a unique and recent phenomenon whereby friends and acquaintances gather to share drinks, food, laughter... and sell their gold.

It's like a Tupperware party, except 'everyone walks away with money'. Great.

Problem is, most guests are getting skinned in the process and don't even realize it.

Gold party companies make enormous profits by offering horrible prices to their unsuspecting party goers.

More at the link...

So, the lesson is, after going through the slide show there, is that you should take your broken or unwanted gold items to a legitimate metals buyer near you. You'll get more for it, and won't get ripped off.

This PSA brought to you by MineralMan

[safeinOhio]

1. Free drinks?

[Scruffy1]

2. i don't any gold but thanks for the warning.

I've seen a lot of people taken to cleaners by similar scams.

[bluedigger]

3. I'm safe until the Dross Parties, then.