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Business

Gold Experts Opens Ellsworth Location

Written by  Cyndi Wood Thursday, December 08, 2011 at 12:29 pm

ELLSWORTH — A Georgia businessman who owns a gold and silver buying operation has opened locations in Ellsworth and Bangor.

Andy Fillo, owner of the Gold Expert LLC, said both businesses opened in September.

“We had been doing our gold buying at the Hampton Inn [in Bangor],” Fillo said.

The Ellsworth Gold Experts opened Sept. 15 next to the Downeast Laundromat on High Street. The business later moved across the street to space next to Jasper’s Restaurant.

There are also Gold Experts locations in New York and West Virginia.

Fillo, who grew up in New Jersey, said he is exploring opening locations in Belfast and Augusta.

Fillo said gold and silver prices are high and people are looking to sell.

“Business has been great,” Fillo said. “I think it’s a combination of gold and silver prices being so high, us paying competitively and, sadly, the economy being the way it is.”

On Tuesday afternoon, gold was valued at $1,725 per troy ounce (31.1 grams) and silver at $33 per troy ounce.

Gold Experts buys gold and silver jewelry, coins, flatware, candlestick holders and bars.

Fillo said it is frustrating when competitors try to deter potential Gold Experts customers by saying the business is not local.

“I hire local people, so the local people essentially manage it,” Fillo said.

Two contract workers are employed at the Ellsworth location.

The business is open 10 a.m. to 6 p.m. seven days a week. Fillo can be reached at (404) 451-0645.

For more business news, pick up a copy of The Ellsworth American.

Cyndi Wood

Cyndi Wood

Ellsworth native Cyndi Wood is the new media editor at fenceviewer.com. She began her reporting career in 2007, when she joined the staff of The Ellsworth American.

Website: ellsworthamerican.com
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