Gold Fraud Hits Texas Hard – Consumers Beware!
Certain companies were exposed for using eBay to price items, offering fractions of the value for the items they took in. Sadly, some media outlets, radio and newspapers accepted advertisement money from misleading gold fraud companies and furthered the targeting of Texans in these gold fraud scandals.
Although the media is not responsible for the shady actions of fraudulent dealers, they should not put their readers and listeners at risk for gold fraud as well. This just goes to show you that consumers cannot believe everything they hear or see, and that consumers need to do their research carefully before buying or selling gold to any company they see advertised in their local newspapers.
Tips for Consumers
Traveling companies have no reason to give you a good deal because they do not have ties to the community, and they will be gone soon after you sell your gold items for a fraction of the true value.
Instead of going to a hotel to make a deal with a gold company traveling through, call a local coin dealer or jewelry store to find out their opinions about your gold items and what they will pay. It is always best to have a few opinions before making a decision that affects your money.
Additionally, do not listen to advertisements that say they will pay you the highest prices for your items. It is always best to shop around for the best value and to check with the Better Business Bureau before doing business with any gold company. Some fraudulent gold companies are offering consumers pennies on the dollar for what their items are worth.
Hotel traveling companies have been exposed as paying consumers a mere 10 to 50 percent of melt value, while reputable dealers pay approximately 60 to 80 percent of melt value.
Beware of unscrupulous gold dealers in the market, and contact a skilled gold coin fraud attorney at the Voss Law Firm if you believe you have been a victim of gold fraud. You will receive a free legal consultation from one of our experienced coin fraud attorneys simply by calling 888-614-7730 today.
You can also request attorney Bill Voss's book Coin Fraud - Is Your Investment at Risk? and we will send it to you for FREE.
The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis. Our law firm collects nothing unless we recover on our client's behalf.