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Consumers Cash in on Opportunity with Goldmans

Posted on: Monday, 5 January 2009, 13:28 CST

PITTSBURGH, Jan. 5 /PRNewswire/ -- Individuals nationwide are capitalizing on the current economic climate by cashing in old or broken jewelry that has been collecting dust in their homes for years. The market price for gold and precious metals continues to rise, helping consumers find a bright side to a cloudy economy. In the past five years, the average price of gold has more than doubled from $400 to nearly $900 per troy ounce.

Goldmans, a Michigan-based company with operations across the Midwest and Mid-Atlantic regions, holds expositions and invites the public to stop in and experience the gold selling process in a safe and controlled setting. Goldmans will be hosting an exposition in Pittsburgh on Friday, Saturday and Sunday, Jan. 9 through Jan. 11 from 10 a.m. to 5 p.m. at The Comfort Inn and Conference Center, located at 699 Rodi Road.

The rare mix of market conditions has given rise to many companies that offer cash for gold in a variety of venues, including home parties, the Internet, stores and expositions. Unfortunately, the recent influx of new companies in the market has opened the door for some dishonest business practices and high-risk experiences for customers. The Pittsburgh Better Business Bureau recommends companies that test items in person to consumers looking to sell old or broken jewelry.

"We were very pleased to see the Better Business Bureau recognize this issue because we believe that this should be a fun and risk-free activity for consumers," said Romy Rotolo, Goldmans vice president of business strategy and development. "That is precisely why Goldmans is one of the only companies that weighs and tests customers' gold and silver in their presence and educates the customer on what they are selling."

Goldmans is also licensed in every state in which it does business and values customers' security, hiring law enforcement to work during expositions and only paying customers by check, to avoid danger to the customer.

"My first experience with Goldmans was very fun - the process was simple and educational," said Kristin Barker, Goldmans customer and Pittsburgh resident. "The staff was professional and there was no pressure to sell, which made for a pleasant, fulfilling experience."

Goldmans is family owned and operated with nearly 50 years of experience in the precious metals industry.

"We strive to educate our customers about the buying process to ensure the highest level of comfort and confidence in each transaction, and we're taking a leadership role in establishing standards of conduct and service for the entire industry."

"Customers often ask us why they aren't able to send their items directly to the refinery," said Rotolo. "You need to have a minimum of 30 ounces of gold and 14 pounds of silver per transaction, which is the equivalent of more than $20,000 of gold or silver at one time. We offer customers the best price available for scrap precious metals -- typically 82 to 83 percent of the market price -- so that we can accumulate enough to send to the refiner."

Goldmans stands by its commitment to offer customers the most competitive price of any company in the industry. If a Goldmans' customer finds a legitimate commercial buyer that pays more per gram than Goldmans, the company will compensate the customer for the difference in price plus 10 percent.

For more information about Goldmans, visit www.goldmansofamerica.com or call 1-810-235-3335.

ABOUT GOLDMANS

Goldmans LLC, a family-owned business headquartered in Flint, Mich., has been in the precious metals industry since 1946. Buyers of scrap gold, silver, jewelry and previously used precious metals items, Goldmans' experience stems from a deep family history, firmly rooted in knowledge and appreciation of the gold and silver buying and selling process. For more information, visit www.goldmansofamerica.com.

SOURCE Goldmans LLC

Source: PR Newswire

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