We want to issue another warning to our potential customers. These Cash for Gold stores that are popping up on every corner are probably not your best choice for selling scrap gold.
We had an appointment with a client this week, and since this tends to be a busy time of year, we couldn’t meet with her immediately. She used the time to do some comparison shopping – unbeknownst to us. After assessing her items – one was fake, even though it was stamped 14KT – we gave her an offer of $470. She was very pleased and accepted at once. She then informed us that she had shopped her items at a couple of places as she waited for the appointment. We were very glad she had done so since we know we offer fair prices and are not beat very often on price.
We wanted to try to see how we compared, so we ventured a guess that they had been somewhere in the range of $350. She shook her head and we asked if they were higher than that. She informed us that they were lower. Much, much lower. She informed us that the best price she had been quoted was $180. That’s about a third of what we paid her. Unbelievable.
We aren’t sure how many stores she visited, or which ones, but that is a ridiculously low offer, even for them. With all the competition, we can’t believe that these Cash for Gold stores are reducing their payouts. The only thing we can figure is that they are so hard up that they are trying to make a killing at the expense of every single person who walks through their doors.
We haven’t changed though. We are still offering the same fair and transparent pricing that we have used since we started our business several years ago. If anything, we are paying more now than before the price of gold jumped up so high. We do our best to treat everyone fairly and want you to walk away from any transaction with us feeling good about it. It appears that is not how everyone in the business treats their clients.