Fast-Growing Texas Business Sees Daily Gold Rush

HOUSTON, April 21, 2011 /PRNewswire/ -- As the precious metals debate continues among analysts and investors, Gold & Silver Buyers, the largest purchaser of gold and silver in the state of Texas, is serving a flood of consumers who are more interested in selling their gold and silver than buying it.  The company, which first opened its doors just three years ago inside a Houston suburban grocery store, has now opened its 50th location at one of Houston's premier retail destinations, the Houston Galleria.

Gold & Silver Buyers President Larry Gray says, "It's a logical next step for us.  One of our competitive advantages is that all of our locations are highly professional yet comfortable, and all of our employees are experts in evaluating all types of precious metals, jewelry and gemstones."

Of the 50 locations, most are inside or next door to a popular Texas grocery store chain called H-E-B.  It's a high-visibility concept that has greatly contributed to Gold & Silver Buyers' success.  Many of Gold & Silver Buyers' customers say they feel much more at home in a grocery store environment than a pawn shop or coin shop.

Also, unlike pawn shops, coin shops, jewelers and other precious metal and gemstone buyers, which act as middlemen between the customer and refiner, Gold & Silver Buyers actually does its own refining, and Gray says, "That translates into more money for our customers."

While Gold & Silver Buyers has locations in large cities, such as Houston, San Antonio and Austin, the company has also opened in many smaller Texas towns, such as Huntsville, College Station, Aransas Pass and Burleson.  "Until now, many of these towns did not have a direct-to-refiner purchaser of gold and silver," Gray says. "There has been a longtime and great need for this type of service."

So what do people typically sell at Gold & Silver Buyers? "Class rings are the number one item brought in, followed by wedding rings, heirloom pieces, and sterling silver, such as silverware," Gray says. "We also see a lot of out-of-style jewelry."

For more information about Gold & Silver Buyers, log onto www.goldandsilverbuyers.com.

SOURCE Gold & Silver Buyers

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