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| Joined: | Sat Dec 2nd, 2006 |
| Location: | Ohio, N. Carolina & Delta Seat 1C |
| Posts: | 3836 |
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Decided to go through the safe and pull out gold jewelry that my wife and I do not wear anymore to see what i could get for it.
Actually came up with about 8.5 ounces of 14K and about 4 ounces of 18kt so went out on the net to do some research....came across a site for a company called US Gold Buyers...they listed their Payout Prices at $659/oz for 14K and $846/oz for 18Kt.
With that in mind decided to visit a couple local buyers, the best offer i got was about 1/3 of those numbers....thinking it sounded to good to be true i decided to give them a call...the explanation I got was that they did there own processing of the gold and were not a middle man...they pay roughly 95% of spot which is very common in bullion trading...so that made sense.
The next thing i did was some research on the net and found them mentioned in a couple jewelry forums with very high recommendations with the same kind of numbers and the same explanation as to how they can offer those prices...these were posts in these forums of guys with over 1,000 posts so i doubt they were plants.
Anyway, was wondering if any of you have had any experience with these guys or someone similar....they provide their FedX account number for shipping of items valued under $5K and tell you to use the USPS for items over $5K and they reimburse the shipping.