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Kmart,, Sears to offer cash for gold services

Discussion in 'Economics and Financials' started by padre31, May 23, 2010.

  1. padre31

    padre31 Premium Member Luxury Box

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    inching to 100k posts
    http://abcnews.go.com/Business/wireStory?id=10666282


    Eh, I'm certain people will take advantage of it, and of course they will lose on the transaction.

    Americans have never really dealt in Gold or precious metals for that matter, as a purely economic item, in India brides tend to be given gold jewelry as a sort of savings account, in other portions of Asia Gold is used like a savings account with Gold/Metals dealers with street front shops that act as a sort exchange for metal to money, money to metal.

    So the rudiments of dealing in Gold are well established, in the US gold tends to be just a gift or a bauble, that lack of understanding should reap a nice profit for Sears Holdings.
     
  2. Stringer Bell

    Stringer Bell Post Hard, Post Often Club Member

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    There goes that gravy train...
     

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