Business is Booming for Gold Buyers like Cash4Gold
With the current state of the economy, and the soaring price of gold, gold buyers are booming. Cash4Gold, a gold and silver buying company, was recently featured on Money Talks, with Stacy Johnson. Cash4Gold has seen great success in the past two years, growing from 15 employees to 135, and featured on Entrepreneur Magazine’s “Hot 500” list of the fastest growing companies in 2007. Hundreds of thousands of customers have been helped by Cash4Gold, with millions of dollars paid out so far.
Cash4Gold president, Howard Mofshin, says that Cash4Gold.com is the largest buyer of gold online. The company buys from regular people all over the nation by sending out a Free Kit for those that want to make extra money by selling their old gold and silver jewelry, along with other precious metal items. Cash4Gold reviews thousands of these Free Kits a day. The packages are sorted, processed, and paid for. The process is simple. The company reviews the contents of the package and immediately sends a check to the consumer. The gold is then melted down in the company’s refinery. The customer always has the option of refusing the check and getting their package returned to them.
Mofshin states that the best way to get the highest pay-out for jewelry and other items made from precious metals is to shop it around. Some high value jewelry pieces with quality craftsmanship, or antiques, can probably earn a person more money at an antique store, road show, or jeweler. But for most pieces, like broken gold chains, single silver earrings, and whatever else you may have laying around, selling to a gold buyer is easiest way to receive the highest payout.
Consumers should not expect the $925 per ounce or so that is current price of gold. Most gold purchasers will pay 50-80% of the current gold “spot price,” depending on the amount being traded in. The rule of thumb is, the more you trade (by weight), the more you will be paid per ounce.
Cash4Gold.com is part of Albar Precious Metal Refining, Inc, one of the industry’s most respected refiners and has consistently received an A rating from the Better Business Bureau for seven years straight. It was opened in 2001, and is managed by a team of professionals with 60 years experience in the industry.
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