I was pleased to see postal gold buying companies are going to be looked at by the OFT in a little more detail. The adverts tempt often the most vulnerable people in that often the ones that can least afford to lose money.
There have been complaints and concerned raised that sometimes the opt out of the deal clause is not being honoured and as the purchase of gold through the post is a relatively new concept, a need was felt to check.
Which, the consumer magazine had carried out a survey that showed that sellers got around 6% of the value of the gold and urges consumers to shop around.
I have a pretty low opinion of well known faces that get involved in these things, people think well it must be ok if Dale Winton says it is. People who don't want to be spotted going into local jewellers or pawn shop might resign themselves to the very small sums being offered despite the current high in gold values.
