Gold Buyers Global Gold & Silver Reach Out to Educate New Yorkers About Gold Selling Fact vs. Fiction

NEW YORK, NY, October 19, 2011

Global Gold & Silver is encouraging people looking to sell gold in NYC or online to educate themselves on the realities and falsehoods of the gold-buying industry. Available online at http://www.GlobalGoldAndSilver.com, Global Gold & Silver serves to connect sellers with reputable "We Buy Gold" companies.

"Some sites employ loopholes or flat-out lies to sway people looking to sell gold in NYC or online, and Global Gold & Silver is reaching out to New Yorkers to help them make informed selling decisions. Right now, we're trying to educate people about the realities of insurance claims and auto-accept clauses, two common industry gray areas," said Steven Madar, CEO of Global Gold & Silver.

Many gold refiner websites feature $1,000 insurance guarantees for mail-in gold envelopes, Madar noted, although the process is not quite so simple. In reality, if a package gets lost in the mail, online and NYC gold buyers can only recover the lost value with the assistance of the client; the burden relies on the consumer to provide proof of value through receipts, pictures, and/or other means.

For people trying to sell gold jewelry, Global Gold & Silver offers standard $1,000 shipping protection via FedEX. The NYC gold buyers are able to arrange for higher rates of insurance for clients interested in greater protection; to request this amount, people trying to sell gold for cash can call 800-680-9757.

"For many gold sellers, a $1,000 insurance policy is more than sufficient, but many of our clients are looking for a greater level of coverage, and we're happy to provide it. We encourage anyone selling gold in NYC to make sure they understand the amount of coverage they are getting before shipping their valuables to gold refiners. Less than 1% off all packages are lost, but beginning the process of selling gold in NYC with poor or incorrect information is never a good idea. It is important to work with a reputable and trusted buyer that will be provide an honest evaluation and fair payout," Madar said.

In addition to misleading shipping claims, many jewelry buyers lock clients into low payouts on their goods by employing auto-accept confirmation systems, Madar noted. Instead of waiting to hear back from a client to negotiate an offer, these auto-accept businesses simply leave a message on the client's cell phone; if the call is not returned within a 24-hour period, the cash for gold offer is considered to be accepted.

"Selling gold in NYC shouldn't mean waiting by your cell phone for fear of getting locked into a raw deal. At Global Gold & Silver and other reputable businesses, gold buyers never settle on a price until consulting with the client. Buyer-seller communication is a crucial component to establishing a fair, agreeable transaction," Madar said.

To learn more about Global Gold & Silver or sell gold in NYC, visit http://www.GlobalGoldAndSilver.com or call 800-680-9757.

Global Gold And Silver is a resource for people looking to sell gold in NYC or over the web. Visit us online at http://GlobalGoldAndSilver.com to learn how to sell gold and diamonds - and even silver!