rant · moment 6 of 11

Trying to Reach Jack From Bullion Shark

from Always Be Capturing · #71

Audio-only archive episode — no video to seek.

11 min

Tim and Ray try repeatedly to phone a young gold/silver coin telemarketer named Jack from Bullion Shark, riffing on numismatic value scams, cruise ship jewelry hustles in Costa Maya, and elderly marks buying coins on credit.

In this bit14 moments
  • 34:30Tim wanted Jack from Bullion Shark to call in and pitch gold, but he's not at work today.
  • 34:50Tim questions whether gold-plated coins really hold numismatic value or if it's just 11 cents of gold dressed up as something collectible.
  • 35:50Tim finds Jack's Bullion Shark listing online showing a complete silver eagle set for fifteen hundred dollars.
  • 36:17Tim used to be into gold from a place of anarchism and regrets not buying when he could have doubled his money in ten years.
  • 37:04Tim tries calling Jack on speaker phone to get him on the show to pitch the silver eagle set.
  • 37:39Jack doesn't answer; Tim leaves a voicemail calling him a punk and asking if he can use the silver eagles to buy things on the dark web.
  • 38:10These gold hustlers are just slanging shit to old people in Nebraska who buy off credit cards despite the economy doing poorly.
  • 38:41On a recent cruise, Tim witnessed the jewelry hustle: a TV loop of 24-hour pitches preparing passengers to buy tacky jewelry at ports.
  • 40:15At Costa Maya in Mexico, there's a guy dressed as a pirate standing outside the "International Diamond Exchange" to lure cruise tourists.
  • 41:01Tim points out that these elderly cruise passengers—people who were alive in the 1970s—have never once been sold something good in their lives by phone solicitation.
  • 43:16Tim jokes they should just start selling coins and identities on the show, become financial intermediaries, or get into arbitrage.
  • 44:08Tim was skeptical during the mortgage boom when people were flipping houses and selling mortgages, thought it seemed fishy, didn't get involved, and just became a mark himself.
  • 44:44Tim tries calling Jack again, threatening to break his head if he doesn't answer.
  • 44:59Money is burning a hole in Tim's pocket and he wants this fucking kid to answer his phone.
Mentioned here

Bretton Woods ConferenceCosta MayaNebraskaLong IslandCubaMassapequaMexico

All 11 moments in this episode →