Do people really fall for these gold/"rare" gold coins info commercials?!
have you guys seen these gold/"rare" gold coin infomercials that always play on cnbc? for example: us money reserve commercials etc is it me or is it a load of crap? anyone ever actually buy these?
Dumb Baby Boomers.
They buy gold coins and store them in secret compartments in their boats that are being towed by their gigantic RVs; all paid for by a reverse mortgage.
Understand these commercials are for people who really don't have a grasp of finance or have a fear of the world ending. I don't mean that in a bad way, but it's always a type of predatory selling.
Very similar to techniques used in MLMs.
Flip the example, I don't know much about construction or repairs. So when I see the Flex-Seal commercial, I think it's somewhat legitimate, but it could actually be the worst product if I asked a knowledgable handyman.
no way in hell i'm taping a boat and sailing over a giant body of water with it
Yes, I know somebody (very distantly) who invested a ton (6 figures+) into these random bonds hoping for a trillion dollar payout. It is pretty ridiculous what people believe. @ironman32" hit it spot on- fear of the world ending is a big selling point.
You severely underestimate the stupidity of the average person.
“Our special 7 day deal means you can buy this rare coin for only $9.99, but only for a limited time” yet the commercial has been airing for the past 20 years lol
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