Gwinnett Cash for Gold
Recent reports indicate that gold dealers which exist in the hundreds are struggling to cover their overheads since the 2011 holiday season ended. It seems that the small amount of business that does exist in local markets is being spread over a large number of dealers. The inevidable result is that consumers are receiving very little money from the dealers as they struggle to keep their doors open.
Savy and informed consumers who keep up with local news are steering around local "Cash for Gold" or "We Buy Gold" storefronts by going direct to local area Gold Brokers who pay over 80% market value for consumers' gold and jewelry. They can afford to do so because they are positioned at a wholesale level in that they deal direct with refineries and in one case, one local gold broker owns their own local refinery.
More... Ever since the number of 'Cash for Gold' dealers in Gwinnett County topped 100, Gwinnett Daily has been keeping track of the amounts they've been paying consumers for their gold, silver and jewelry.
Our original intent was to try to help local law enforcement weed out the crooked gold dealers, but it turns out Gwinnett County Sheriffs Office has been doing an extraordinary job staying on top of the industry daily.
We also hoped that our presence would help keep overall pricing within acceptable standards and up until very recently - local gold dealers have been riding that fine line between slightly less than fair and boldly taking advantage. In other words, they've been getting away with everything they can - all the way to the bank.
"Gold Brokers paying their customers over 80% of market value for their gold... "
One additional factor has gold dealers seeing less and less business these days and that's the increasing popularity of local gold brokers. These are companies that, up until a couple of years ago, only bought precious metals from gold dealers. Brokers typically deal in much larger amounts of gold and work on much smaller fees.
Today, since more and more gold dealers are working directly with refineries, gold brokers have been compensating by dealing directly with the public. The best thing about dealing with gold brokers is the fact that they continue to charge the public the same low wholesale rates they pay gold dealers, usually paying their clients over 80% for their gold and silver. That's a far cry from the 40% to 50% consumers are seeing these days from 'cash for gold' dealers.
So it turns out that the local gold market is doing a pretty fair job policing itself, especially with the help of the ever vigilant Gwinnett County Sheriff's Office. But feel free to CLICK HERE to email the general manager of Gwinnett Daily's staff if something seems unreasonable in the local gold industry and we'll be happy to look into it for our dedicated readers.
GWINNETT - Atlanta area residents will soon have several locations where they can convert their valuable jewelry and other precious metals to cash WITHOUT losing most of their money in the exchange. Gwinnett Gold Brokers, who have been serving the Greater Atlanta area for over five years from one small Buford office, will soon have multiple locations to serve their customers for only a 15% service fee.
Most, if not ALL other "We Buy Gold" dealers throughout North Georgia charge over 50% to convert individuals' gold and silver into cash. Very often, these "CASH for GOLD" storefronts use tricks or misrepresentations to persuade people that they're getting a fair deal and will usually say anything they can think of to close the deal.
But the individuals of Gwinnett Gold Brokers deem it to be unfair to keep as much as 85% of a customer's cash simply because they're unaware of the true value of their property. That's why GGB representatives always do as much as they can to educate their clients about the purity testing process and determining true market value.
Once a GGB representative shows one of their clients the true market value of their valuable possessions, the company then makes only one offer which is true market value minus a 15% fee for conversion and processing. There is rarely any negotiating at that point and customers who have visited other Atlanta area gold dealers are usually stunned that they'll be receiving more than twice what they had been previously quoted.
How can GGB afford to pay twice what other stores pay? Their reputation for paying their clients such a high amount generates more than twice the business than other stores experience. The significantly higher amount of business allows the company to charge customers a great deal less per transaction. Plus, Gwinnett Gold Brokers now has the ability to refine their own gold in-house as they recently expanded their business to include their own gold refinery.
Previous Articles on Gwinnett Gold Brokers...
Gold Refinery That Deals Direct With the Public Opens In Gwinnett
ATLANTA - Greater Atlanta now has a place where consumers can bring their valuable jewelry and convert it to cash for a very small fee.
The ALL NEW "ATLANTA GOLD REFINERY" can be reached at (404) 759-7277 for more information. Their first location will be open in Lilburn shortly, and future locations will be open in the Mall of Georgia area, Buckhead, Midtown, Alpharetta and More...