The diamond district in the Manhattan borough of NYC is hustling and bustling with one of the largest gold and diamond exchanges on planet earth. Buying and selling of gold and precious metals is at an all time high nationwide. With every positive has to come a negative and the negative in this market is the scammers trying infiltrate the market and scam people who are buying and selling the gold.

Sighns to look out for:
Anyone gold company or trader that does not give you money up front is problematic. They may give you fancy documents stating a legnthy money transfer period but don't buy into it because it can easily be a scam. Watch out for Western Union scams as well. You should also beware of Paypal payments made from "unverified" or "unconfirmed" Paypal accounts. This type of Paypal payment is not guaranteed. Only Paypal payments with a green colored confirmed address icon with a verified symbol will allow you to release your god to the buyer immediately. Otherwise you have to wait atleast 2 weeks to make sure the payment does not bounce. This is vital today as so many people, especially online gold buyers are using Paypal.
You must also do a great deal of research before giving out any personal information. Never share your credit card number with any company you have not done serious research on, Many gold buying or selling companies are fly by operations that may be trying to excract your card of all it's funds. Finally, never give out your Social Security number to anyone for any reason as there is no reason any precious metal buying and selling should require giving a Social Security number.
Also Read: Turning gold into cash in Manhattan: Great selling tips - See more at: http://blog.luriya.com/blog/bid/318574/Selling-Gold-Online-The-phenomenon-is-here#sthash.ztC62K4V.dpuf
Make sure you know roughly what your gold is worth. You can purchase a gold testing kit and do the assesmant yourself. This way if some gold or jewelry dealer offer you an exhorbitant sum of cash for your gold, you can rest assure it is a scam. Also look out for any company that is not willing to share it's past clients or company backround information with you. In conclusion, the NYC gold & Diamond district and the cash for gold industry is known to have a lot of scammers in store fronts nationwide and online, so beware of all these aspects before embarking in the procurement or selling of precious gold and metals. From NYC to LA keep your eyes opened and be vigilant.
The Luriya Sell Gold Manhattan team is proud to offer Manhattan with a cash for gold highest payout guarantee. We invite you to read our cash for gold selling guide.
- See more at: http://blog.luriya.com/blog/bid/318857/Getting-Paid-When-Selling-Gold-Avoiding-Scams#sthash.o8zEmSeU.dpuf