Gold and Silver Buyers

Check out the latest news article on Gold and Silver Buyers expanding to Sweetwater!

Sweetwater Reporter

HOUSTON, TX, April 12, 2012 –Gold & Silver Buyers, the largest purchaser of precious metals in the state of Texas is expanding into Odessa, with a new location  inside the HEB grocery store at 3801 42nd St. 

The company, which currently ranks #8 on the 2011 Inc. 500 Fastest Growing Companies list, has more than 100 locations in Texas. Gold & Silver Buyers can be found not only in large markets, such as Dallas, Houston, San Antonio and Austin, but also in numerous smaller Texas cities and towns, such as Longview, Waco, Brenham, Conroe and Abilene. 

Gold & Silver Buyers has received nationwide attention for its unique one-stop shopping concept of placing many of its Texas locations inside popular grocery stores where customers can pick up dinner for the evening and then sell some gold and silver.   The company also runs the refinery so there is no middle man, and the payout often is higher than what the competitors offer.

Gold & Silver Buyers President Larry Gray says, “This new Odessa location is inside the HEB, something that is very popular with our customers.  It’s both convenient and welcoming. Also, there was a great need in Odessa for a buyer who is direct-to-refiner, which means the consumer who comes to us gets more for their gold and silver.”

Gray says the company sees a wide variety of items brought in—from Grandmother’s silver service and candlesticks to out-of-style and broken jewelry.  The number one item brought in: class rings. “Our customers are often surprised at how much they can get for their high school and college rings,” Gray says. 

HOUSTON, TX, April 10, 2012 –Gold & Silver Buyers, the largest purchaser of precious metals in the state of Texas is expanding into the Big Country, with a new location in Abilene at 3458 Catclaw (between AAA Vacuums and City Nails) and a location in Sweetwater, scheduled to open next month at 309 North East Georgia Street (next to Check ‘N Go). 

The company, which currently ranks #8 on the 2011 Inc. 500 Fastest Growing Companies list, has more than 100 locations in Texas. Gold & Silver Buyers can be found not only in large markets, such as Dallas, Houston, San Antonio and Austin, but also in numerous smaller Texas cities and towns, such as Longview, Waco, Brenham, Conroe and College Station. 

Gold & Silver Buyers has received nationwide attention for its unique one-stop shopping concept of placing many of its Texas locations inside popular grocery stores where customers can pick up dinner for the evening and then sell some gold and silver.   The company also runs the refinery so there is no middle man, and the payout often is higher than what the competitors offer.

Gold & Silver Buyers President Larry Gray says, “Since we are the largest gold and silver buyer in Texas and are located in both large and small cities and towns, it was natural that we move into Abilene and Sweetwater. Not only do our customers include people who work and live in the area, including college students and professors, but also residents from surrounding towns and counties. There was a great need in Abilene and Sweetwater for a buyer who is direct-to-refiner, which means the consumer who comes to us gets more for their gold and silver.”

Gray says the company sees a wide variety of items brought in—from Grandmother’s silver service and candlesticks to out-of-style and broken jewelry.  The number one item brought in: class rings. “Our customers are often surprised at how much they can get for their high school and college rings,” Gray says.  

TEXAS-BASED GOLD & SILVER BUYERS OPENS 100^TH LOCATION

HOUSTON, TX, February 23, 2012 –Gold & Silver Buyers, the largest purchaser of precious metals in the state of Texas, is celebrating the opening this week of its 100^th location at 11725 Eastex Freeway in Northeast Houston. This comes just 3 ½ years after the very first Gold & Silver Buyers opened its doors 30 miles away at the H-E-B store in Copperfield. 

The company, which earlier this month announced its expansion into the Dallas/Fort Worth Metroplex with 12 new locations, has saturated the state in markets big and small. 

“You can find us in rural areas, small, medium and large towns and in the state’s largest cities,” says Gold & Silver Buyers President Larry Gray. “We have also opened locations in Colorado and in Los Angeles in Hollywood.”

Gray credits several innovative corporate strategies for Gold & Silver Buyers’ success and committed customer base, “We run the refinery so there is no middle man. That ensures higher payouts for our customers. But also – and this is very important—our stores are very comfortable, inviting, professional and well-maintained. We have extensively-trained, knowledgeable and friendly employees who not only weigh the items brought in but thoroughly analyze the content of the items, whether it is gold, silver, platinum, another metal or a mix, so that customers are given an accurate quote.” 

In addition, Gold & Silver Buyers has received national attention due to the fact that its locations are usually inside or just outside popular grocery stores, and Gray says, “It’s very convenient for customers who want to pick up some groceries for the family and sell their gold and silver at the same stop.”   

Gray says the company sees a wide variety of items brought in, including class rings, mismatched, broken and out-of-style jewelry. “Grandmother’s silver service, candlesticks and ashtrays are also very popular to bring in,” Gray says. “We see women and men who have inherited silver pieces but just don’t entertain the way their Grandparents did. They are able to turn everything in for cash and buy something that they feel is more practical.” 

TEXAS RETAIL GIANT COUNTS ON CUSTOMERS SELLING RATHER THAN BUYING FOR VALENTINE’S DAY

Gold & Silver Buyers Prepares for Spike in Customers at Its 90-Plus Locations

HOUSTON, TX, February 14, 2012 – Gold & Silver Buyers, the largest purchaser of precious metals in the state of Texas with more than 90 locations, expects an influx of customers from now through Valentine’s Day.  That’s because many people are recycling their old jewelry for the cash needed to buy something new for their loved ones on Valentine’s Day. 

“When you think of Valentine’s Day, you think of people buying jewelry rather than selling it,” says Gold & Silver Buyers President Larry Gray. “But now is the time that so many of our customers visit us after cleaning out their drawers and jewelry boxes. They are pleased with the extra cash they end up with to buy their loved ones something special for Valentine’s Day.”  

So what do people typically bring in to Gold & Silver Buyers?  Gray says, “We see a lot of out-of-style, broken and mismatched jewelry, and also silver tea sets, candlesticks and ashtrays—tarnish and all. We most often see class rings—both high school and college.”

A diamond is a very rare and extremely solid type of crystal that is formed completely of carbon with a lattice-like molecular structure. 

• Carbon in the Earth’s Mantle

Diamonds are formed in the upper mantle of the Earth, about 100 miles beneath the Earth’s surface. This part of the Earth is composed of molten rock that is put under extreme heat and pressure. Carbon that is located in the Earth’s mantle can be heated to 725˚ Fahrenheit and be put under 435,113 pounds of pressure per square inch, both of which are necessary for the formation of diamonds. Under these conditions, carbon atoms form a structure in which each atom is linked to four other carbon atoms, resulting in an extremely strong lattice formation.

• Kimberlite and Lamproite Pipes

Deep fractures can form in the crust of the earth, allowing magma to create a tunnel called a kimberlite pipe. Diamonds can be pushed to the surface of the Earth through these pipes by rising magma in only a few hours. This causes the diamonds to cool rapidly, locking their molecular structure into place. The diamonds then become trapped in veins of the cooled magma. It is also possible for heated water to push diamonds to the Earth’s surface through a wider type of tunnel called a lamproite pipe.

• Alluvial Diamond Sites

While most diamonds are mined, some diamonds can be found in the beds of rivers. The diamonds in these alluvial sites were brought to the surface of the Earth through a kimberlite or lamproite pipe, but were moved by geological activity, water, or glaciers and eventually washed to new locations by rivers.

Diamonds require very particular conditions to form and reach the surface of the Earth, making them extremely rare. This, combined with the great durability and beauty of diamonds, is what makes diamonds so valuable. At Gold and Silver Buyers, we can appraise your diamond jewelry and pay you an excellent price for your diamonds!

TEXAS COMPANY BRINGS SILVER AND GOLD RUSH TO DALLAS  

Gold & Silver Buyers Opens Dozen Locations in Dallas/Fort Worth Metroplex

HOUSTON, TX, Feb 1, 2012 –Gold & Silver Buyers, the largest purchaser of precious metals in the state of Texas is expanding into the Dallas/Fort Worth Metroplex, with plans to open 12 locations over the next month and a half. 

The first Gold & Silver Buyers opened this month on 8528 Davis Boulevard in North Richland Hills next to a Super Target.  Two more locations are scheduled to open early next month in Plano at 4152 W. Spring Creek Parkway and in Richardson inside the Kroger at 160 North Coit Road.  

Gold & Silver Buyers, which ranks #8 on the 2011 Inc. 500 Fastest Growing Companies list, has more than 80 locations in Texas. The company’s locations can be found not only in large markets, such as Houston, San Antonio and Austin, but also in numerous smaller Texas cities and towns, such as Longview, Waco, Brenham, Conroe and College Station. 

Gold & Silver Buyers has received nationwide attention for its unique concept of placing its locations inside or next to popular grocery stores.   The company also runs the refinery so there is no middle man, and the payout often is higher than competitors’. 

Gold & Silver Buyers President Larry Gray says moving into the Dallas/Fort Worth market was a given, “We are the largest purchaser of precious metals in Texas, and this is one of the largest retail markets in the state and the nation. Although there are other buyers in the The Metroplex, none of them are direct-to-refiner, which means the consumer who comes to us always gets more for their gold and silver.”

Gray says the company sees a wide variety of items brought in—from Grandmother’s silver service and candlesticks to out-of-style and broken jewelry.  The number one item brought in: class rings. “Our customers are often surprised at how much they can get for their high school and college rings,” Gray says.  

If you’re interested in selling your gold, silver, or platinum, you may be wondering what you should do to prepare your precious metals for sale.  Here are a few tips:

Cleaning Your Precious Metals

Cleaning gold jewelry usually requires nothing more than a bowl of warm soapy water and a soft toothbrush. Gently scrub the jewelry and pat dry with a clean, soft towel. Remember to avoid soaking jewelry that contains gemstones, as water can get behind the jewel and ruin the setting. 

If you’re selling gold or silver coins, however, you shouldn’t try to clean them—this could actually lower the value of the coins, not raise it. Many coin collectors actually value the tarnish that age brings—they call it “patina” and believe that it gives the coin character. Additionally, many amateur coin collectors accidentally devalue their coins during cleaning by making scratches on the metal.

If you’re interested in selling your gold or silver, consult with Gold & Silver Buyers. We offer cash for your gold and silver coins and jewelry. To learn more about our Houston services, call us at (281) 940-7632 today.

Gold and silver are both elements, meaning that even when they are divided down to the atomic level, they still maintain their underlying characteristics. Finding gold and silver is not about finding areas where the substances might form. Instead, mining gold and silver is about finding deposits of an element that already exists:

• Gold

Gold mines are found all over the world, but most have something in common: They’re formed when a liquid gathers a significant amount of gold in one spot.  For example, it’s not at all uncommon to find gold deposits near active volcanoes.

One of the most common forms of gold deposits is called a placer deposit, which occurs when water erodes gold from rock and then carries it to a certain spot within a body of water.  This is part of the reason why gold hunters during the Gold Rush of 1848 panned the rivers for gold: They realized that the waters were washing away a significant amount of the metal.

• Silver

Superheated water moves throughout the earth’s crust and eventually meets up with ocean water.  This cools the water enough so that anything that is solid separates itself out, including silver as well as mixtures of zinc, copper, sulfur, and lead.  Silver is still bound with sulfur when this cooling process occurs, which means that it’s actually black instead of its normal bright color.

Gold and silver are both considered precious metals due to their rarity as well as their aesthetic qualities. If you’re interested in selling your gold or silver to a fair buyer in the Houston area, contact Gold & Silver Buyers.  We specialize in buying gold, silver, platinum, and other precious metals, and jewelry. For more information, call (281) 940-7632 today.

Though platinum’s value reached a record high in 2008, it promptly plummeted along with the real estate market.  Although platinum is an extremely rare metal with multiple applications in industry and on the jewelry market, its price remains relatively low.  Take a look below at the volatility of platinum prices and the stability of gold prices to learn more:

• Gold: A Stable Investment

In times of recession, gold is one of the few metals that not only retains its monetary value, but can actually increase in worth.  In times of financial stress, people turn to gold, because they know it will not let them down.  Historically, gold has remained valuable around the world, regardless of the economy. Other precious metals, such as platinum, cannot compete with gold’s rich historical value.

• Platinum: A Fluctuating Value

Ordinarily, platinum is actually more expensive than gold, because platinum is rare and has a number of different industrial applications due to its strength and heat-resistance.  During a recession, however, platinum prices tend to drop—in fact, platinum prices occasionally drop below gold prices, even though platinum is technically more valuable.  This is because platinum simply doesn’t occupy the same space in our psyches that gold does.  Platinum was not discovered by Europeans until the 1700s, while gold has been found all over the world for centuries.  Gold has been prized by virtually every culture that has ever flourished, whereas platinum is a metal that most didn’t even know existed until a few centuries ago. 

Though prices may fluctuate for platinum and remain consistent for gold, selling these precious metals is a great way to make extra money in a tough economy. If you’re interested in selling your gold, silver, or platinum, visit Gold & Silver Buyers.  Located in the Houston area, we act as a jewelry buyer and offer cash for gold.  To learn more about us, call (281) 940-7632 today.