It’s nearly impossible for consumers to gauge the claim by nearly every gold and silver buying company that they “pay the most.” However, an undercover, investigative report on WTVF Channel 5 in Nashville revealed that Cashville Gold & Silver Buyers offered investigators the most money for their unwanted gold and silver.
“It’s unfortunate when folks come in to see us who have already sold some of their gold, silver, coins or sterling silver family pieces, and learn that they’ve gotten a lot less for their possessions than they could have. We hear it every week”
Jennifer Kraus, Consumer Investigator for News Channel 5, posted the story Who’s Really Paying Top Dollar for your Gold? that demonstrates the pitfalls in dealing with companies that have recently begun buying gold and silver. The lack of experience can cost the consumer as well as the “make a fast buck” mentality of jumping on a new way to make quick money. Her team visited six businesses that advertise buying gold, taking eight pieces of jewelry, including an outfit that set-up in a motel for a couple of days.
Cashville Gold & Silver Buyers, 2528 Franklin Road in Nashville, owned by Jerry Levine and his son Josh Levine, offered the undercover investigators the most money for the eight pieces of gold jewelry that they took to each gold-buying business.
“We have been in business for thirty years in Nashville. We were buying gold long before these other guys and we’ll be here long after they’ve closed up. Our clients know that they can sit across the table from us today as our neighbors and we’re going to be in these chairs when they come back next week, next month or next year. There is something kind of scary about giving someone gold who is in a motel room for a week-end,” said Jerry Levine, CEO.
“It’s unfortunate when folks come in to see us who have already sold some of their gold, silver, coins or sterling silver family pieces, and learn that they’ve gotten a lot less for their possessions than they could have. We hear it every week,” said Josh Levine, President.
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