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BANKS and Check Cashers Reporting Large Number of Stop Payments of "Cash for Gold" or "We Buy Gold" Checks

ATLANTA - Atlanta area banks, financial institutions and check cashing stores are reporting unusually high incidents of "Stop Payment" orders being placed on checks originating from one single industry - Gold Buying businesses.

The most tragic results of such violations are the manner in which they effect those who have already parted with their valuable gold and spent the money on the most pressing of their financial responsibilities.  In many cases, some times as much as two weeks have passed or more, when the victims receive a call from which ever institution they cashed their check at.  In the instances of the check cashers - a most threatening call is made threating immediate imprisionment if restitution is not made in full immediately.

At first, it doesn't seem fair, but if you think about it - the person who unknowingly presented the worthless document to the financial institution is usually the one who exited the premesis with the store's money in their hand.  And now, at holiday season, when cash is so tight that such folks had to sell their valuable gold to meet the most pressing of obligations - is now facing imprisionment with little to no money in sight.

And, believe it or not, the gold buyer is not criminally liable.  Usually the paperwork one signs when completing the transaction of selling their gold almost ALWAYS covers situations like these - to the store's benefit, of course.  The entire matter simply becomes a civil matter for the gold buyer.  The victim of the situation's ONLY recourse is to hire an attorney for thousands of dollars and hope someone's around to collect from in a couple of years should they win their case.

Unfortunately, these "We Buy Gold" companies will skip town faster than they popped up over night and will file a $300 bankruptcy on their way out.  Victims will have lost ALL their gold and received less than nothing in return but heart-ache. 

The Good News:
Gwinnett Daily has performed ALL the required research  on the subject and unfortunately, the best precaution we can recommend is to NOT accept checks of ANY kind for your valuable gold.  If a business tries to talk you into accepting one of their checks, then you're better off simply going to the next buyer on your list. 

We've learned that most stores try to make it sound like they're doing their customers a favor by wrinting them checks because holding so much cash is too dangerous.  If it's that dangerous, simply divide the sale into smaller ones or race to the nearest bank and deposit it there - even if you have to do so through their ATM because the bank may be closed at the time.  Also, the cash the're paying is not really as significant and they represent as many lower the amount they pay in they have cash on hand and you're insisting on being paid in cash. 

Your Best Solution for Getting the Highest Price - In CASH for Your Gold - IMMEDIATELY
Simply do business with local Gold Brokers..  They've been around the longest, they're most reputible, They pay the highest rates, pay by CASH ONLY! at the exact time of sale.  To find the one closest to you, simply search Google for "Gwinnett Gold Brokers", "Buford Gold Brokers" or "Mall of Georgia Gold Brokers" or even "Atlanta Gold Brokers."  In many instances, you can substitute the work "  After the six months intensive research that Gwinnett Daily has done on the subject - we found these facts to be close to 100% reliable.

 
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