Gold Act Legislation Wants to Stop Gold Scams
Last month Representative Anthony Weiner, D-N.Y., introduced the Gold Act Legislation in response to numerous complaints about cash for gold businesses. Rep. Weiner says many customers are upset that their gold was melted down before having a chance to turn down offers on their gold and that cash for gold businesses are claiming that packages of gold items must be getting lost in the mail and did not offer reimbursements. Through the Gold Act Legislation cash for gold companies will have to notify customers of their offer, the individual will have twelve days to accept or reject the gold companies offer before gold items are altered, and if the offer is not accepted the gold company has to insure the package back to the customer.
If you’ve ever been one of our customers or are thinking about becoming one, REST ASSURED that we have ALWAYS followed the measures in the Gold Act Legislation before it was even introduced. Since our company was founded we:
1. Send customers FedEx Gold Kits that are free and insured
2. Quickly send customers an itemized breakdown of what we can pay you for your gold items
3. Wait for your e-mail response to accept or not accept an offer on your items
4. Issue immediate payments via your preferred method of payment
5. Offer 100% satisfaction with our offer or will ship your jewelry back free of charge.
Tags: cash for gold, cash for gold scams, Gold Act Legislation, selling gold scams
This is really good to hear as customers really want an insured and safe transaction. So many complaints have fueled the gold selling market and if only many Gold companies would adhere to the legistation to take advantage of this opportunity. It is companies like yours that make Gold transaction convenient.
We really hope the legislation can stop this scam.
I sent them a herringbone necklace, 2 diamond rings, and another gold necklace. I should have known the company was a scam ,they told me “they were lost in the mail.” I am not going to go away. As a mom with children of special needs and plenty of political friends, I know exactly who to talk to. They need to be in jail for mail fraud!Thanks for you great advise.
This absolutely true,the legislation is needed.I was scamed once.. I really believed that the company i used would send me a little extra cash for my old jewlery. Instead – 2 months later I am still chasing for my jewlery back.
Cash 4 Gold is definitely not a trustworthy or credible company to do business with. You are almost better off taking your items to a local pawn shop or shopping around for other companies. I think those are who the legislation should face now. They should be out of office.