Getting Paid When Selling Gold; Avoiding Scams

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.

Also Read: Turning Gold Into Cash In Manhattan: Great Selling Tips

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.

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Selling Gold To The Right Store At the Right Price

The selling gold market has became quite intricate over the last few years. The problem is two fold. Number one is that in areas like NYC, sell gold shops are springing up on every street corner. I am personally from the Big Apple but I would imagine that in other heavily populated areas like Miami, Florida or Los Angeles, California the same phenomenon is under way. The second issue is that the average consumer who has gold lying around his house knows very little about selling gold and what his actual gold is worth.

Solutions to the rise in Gold Shops:

Logically, a consumer has a few defense mechanisms when it comes to protecing him self and finding the right cash for gold shop in his city. When I was selling my gold in NYC I made sure to get as many references as I could from friends. I also went online and searched for "sell gold NYC" on Google. I read about the top gold buyers and cash for gold centers in my downtown neighborhood of Manhattan. I compiled a list of the highly rated companies who had the most legitimate website. I beleive this is the first step to selling your jewelry or gold. Finding a trusted and reliable shop is crucial because you never know what can go wrong from the start to finish of the gold selling process.

Also Read: Turning Gold Into Cash In Manhattan: Great Selling Tips

Solution to a lack of knowledge:

Let's face it, when the average person wants to sell their gold they really don't know how much the gold is worth, or sometimes they do not even how many karots is in their favorite gold piece is. Believe it or not, many people who are trying to sell their gold or jewlery do not even know what a Karot is. So a Karot is a measurment or unit of purity for gold alloys. This will be important when selling your gold. However, the purity of your gold or jewelry will not be the only factor you need to look out for. Make sure that you really shop around and assess the "collectors" value of your gold. Perhaps the brand or style of your gold is antique or very rare. Perhaps the look and feel to it is very special and it has extra value beyond the pure gold it contains. So be weary of gold buyers trying to pay only for the value of the pure gold and shop around and do your homework.

The Buzz is in the air when you walk through the NYC diamond district. Luriya is providing gold sellers with valuable information that is saving them thousands. Read the Luriya Sell Gold Guide now and visit Luriya today for more information.

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