Business News • MarketWire • OFT to Investigate Low Rate 'Buy Gold' Companies |
OFT to Investigate Low Rate 'Buy Gold' Companies |
|
|
OFT to Investigate Low Rate 'Buy Gold' Companies
MANCHESTER, UNITED KINGDOM--(Marketwire - Jan. 29, 2010) - The Office of Fair Trading is set to investigate 5 companies who buy gold from consumers, amid fears that they are offering hugely unfair rates to individuals who are often already struggling to meet their financial demands.
The price of gold has seen record highs during the economic downturn and this in turn has contributed to a rise in the number of companies offering to take gold from consumers in a cash in hand type of deal. While this might seem like a convenient service and one that benefits consumers, the five companies in question have been accused by the OFT of offering 'shockingly bad' rates.
View More : http://www.marketwire.com/mw/release.do?id=1109206&sourceType=3
|
|
|