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?
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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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