FLORIDA’S MAIL-IN GOLD BUYING LAW UNIVERSALLY SUITS CASH4GOLD
Written by admin on February 6, 2010
This new Florida law should universally help many consumers and the government by providing another tool when disputes or lawsuits arise between consumers and mail-in gold bullion, coin and jewelry buying companies.
Cash4Gold stated, “Cash4Gold is extremely proud to have worked with Florida officials to create and implement the first law of its kind regulating the mail-in gold buying industry and we welcome the opportunity to work with lawmakers in Washington on a similar bill that is national in scope.”
Coincidentally, Representative Anthony Weiner D-N.Y. has introduced the Gold Act Legislation. He said “It takes a little bit of pressure off and puts the ball back in the consumer’s court.” This Act would require gold companies to communicate customers their offer and allow them twelve days to accept or reject it. They could not destroy or sell of the gold bullion, coins or jewelry before then. This law would also mandate the gold businesses to insure the gold for at least the same amount the customer insured it for when they mailed or otherwise sent it.
Posted in: Uncategorized