Sears Partners With Third Party To Offer Gold, Silver Mail-In Buybacks

MrOrganic

Sears Holdings Corp. (SHLD) said it will offer a consumer gold-and-silver buyback program by partnering with a third party, allowing customers to sell gold or silver items by mailing them in an envelope they can pick up at Sears and Kmart jewelry counters.

Sears said the program would be provided by Pro Gold Network, which on its Web site says it has more than 30 years in gold purchasing, manufacturing and refining. Mail-in gold buyers have gained popularity in recent years as the recession left consumers looking for cash and willing to part with gold items such as jewelry, while gold prices have soared.

Customers looking to sell gold and silver items can find "ProKits" in the stores' jewelry departments. Each of the kits -- which are insured for up to $750 -- contains instructions, a form and a pre-paid shipping envelope. The kits can be tracked online or by phone, and customers will receive their settlement value by e-mail or phone, and they can accept or decline the offer before payment is issued.

"We are happy to partner with The Pro Gold Network to provide a great service to our customers who have been asking for a secure way to exchange their gold jewelry for cash," said Michelle Pearlman, a senior vice president and president of jewelry at Sears.

Sears in February said its fiscal fourth-quarter earnings more than doubled following big year-earlier write-downs as it saw same-store sales strength continue for its Kmart stores. Several ratings services recently have given rosier outlooks on the company.

http://online.wsj.com/article/BT-CO-20100517-707895.html?mod=WSJ_latestheadlines

Weiss

Huh. Guess it really is time to sell.

OPA

<< <i>Huh. Guess it really is time to sell. >>



Been selling Palladium up to 2 weeks ago and Gold for about 4 weeks....cashed in some nice profits