Smart and Savvy Consumers Should Avoid Online and Cable TV Gold Buying Scam Artists

Dec. 30, 2009 - PRLog -- Amidst the economic recession and with gold prices soaring to all-time highs, consumers are selling their unwanted gold jewelry to cable television and gold online buyers at a record pace. Along with this influx of business, there has also been a rapid increase of consumer complaints against corrupt gold dealers and unscrupulous business practices. According to the Better Business Bureau, the number of complaints has risen in recent months. Some of the biggest offenders can be attributed to "fly-by-night" companies who invest heavily on misleading cable television commercials and online advertisements. Majority of the complaints derives from discrepancies in price offers, hidden fees, claims for lost shipments and issues with customer service.

"We take pride in being an ethical, reliable and reputable company," says Kevin Morris, Public Relations Director at USGoldBuyers.com. "Some companies aim to rip you off in order to make a quick buck, but U.S. Gold Buyers is in it for the long run," adds Mr. Morris; whose company has been in business for over 13 years at the heart of the Diamond District in Manhattan, New York.

"The most important thing any smart and savvy consumer can do is research," states Mr. Morris. "Research USGoldBuyers.com and you'll discover that we are accredited by the Better Business Bureau, licensed by the NYC Department of Consumer Affairs, and received positive nationally televised press coverage from ABC, CNN & NBC -including an article from the highly acclaimed Wall Street Journal."

"We try to educate and teach the public to be aware of scam artists, false advertisements and marketing schemes," states Mr. Morris. "Our company's website promotes transparent prices and our up-to-the-minute payout chart displays a breakdown of karats and weight -in pennyweight and ounces, and is based on the current market rates."

USGoldBuyers.com is an industry leader and top-rated precious metal buyer who offers free price quotes, free shipping of the merchandise, no charge on returned items and fast processing of payment -typically within 24 hours of receipt. They also have a $25 referral compensation program and free parking validation at the New York City location.

"When sending precious metals, it is important to have a tracking number and know the whereabouts of your package every step until it arrives to its destination. U.S. Gold Buyers, Inc. provides free overnight and insured shipping to avoid any losses," states Anna Skvir, President of USGB.

"I shopped my unwanted gold jewelry around local pawn shops and gold buyers at the mall and received a price quote of $565 and $625 for 3 ounces of 14kt gold. I then went online and could not believe U.S. Gold Buyers offered me $1670 for my unwanted gold. They offered the highest payments for my gold items and received payment the same day," commented Cheryl Walker from Arizona; one of the many satisfied growing family of clients.

According to Kevin Morris, "There are many companies who buy and sell gold. We are able to provide the highest prices because we are a precious metal refinery. There are no middlemen or scrap gold dealers involved therefore; there are no hidden charges or fees." The success of USGoldBuyers.com can be attributed to offering consumers an honest, knowledgeable and trustworthy company with the highest payments in the industry.