Troubled Homeowners Selling Gold to Avoid Foreclosure

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According to Joe Montes, president, “In the past several months, several sellers have told us that they decided to sell their gold rings, chains, watches and other items because they needed fast cash to eliminate mortgage payment arrearages that were heading them toward foreclosure. We believe this will most likely continue as long as home foreclosures continue across the U.S.”

Montes also said, “Foreclosure prevention is not the only thing that motivates our customers to sell their precious metal property. One lady in Minnesota recently sent us a Sterling silver flatware service for 12 because her credit card bills were getting out of control. There’s absolutely no doubt that continuing high unemployment rates are the culprits in many cases. Some folks with 20+ years of regular employment have been laid off from their jobs and have been unable to find another in a year or more. Many people have deep financial problems through no fault of their own and are really suffering financially in our current economic downturn.”

Cash for Gold Co is a leading Internet buyer of gold, platinum and silver of every kind, of any age and any place of manufacture. Most of the property sellers send in is in the form of broken or unwanted jewelry, but the company also buys coins, ingots, Sterling silver flatware and serving pieces and even gold flakes and nuggets from recreational prospectors.

Cash for Gold Co is known for paying ‘the highest-possible percentage of the actual value of a seller’s property based upon assay and the current spot market prices’. Payments are made within 24-hours of receiving a customer’s items either by company check or direct deposit to the seller’s PayPal account. The company’s SECUREPAK^TM mailing envelopes are pre-insured for up to $1,000 for maximum safety and security while their property is in transit.

Other press releases from Cash For Gold Co

• Selling Precious Metal Jewelry Will Be a Real Problem Solver When Extra Cash is Badly Needed - August 1st, 2011
• High Insurance Coverage for Property in Transit is Important - July 27th, 2011
• Learn to Tell if Your Jewelry is White Gold or Platinum - July 25th, 2011
• Protect Yourself When Selling Precious Metals to Internet Buyers - July 25th, 2011
• Cash For Gold Customers Ask: What is ‘Black Hills’ Gold and is It Valued Differently? - February 4th, 2011