When you take into consideration the actual state of the American economy and the continuous increasing surge in gold prices , it is no wonder people are getting out their unwanted gold and silver jewelry and are unloading them to cash 4 gold refineries in an effort to come up with some spare dollars to get rid of some debits in order to make ends meet.
If you are experiencing the same situation you will want to cautiously do your homework before distributing your gold or silver to just any gold dealers for the reasons that there is a large amount of scam players in the jewelry buying business who won’t hesitate to prey on your financial desperation and pay almost nothing for your gold and silver.
The fact that this practice isn’t a scam, it is in my opinion, not in your best interest and I want to inform those of you who might be thinking of selling your defective gold, silver or platinum to be sure to stay away from companies that are acting as gold brokers and to conduct business only with gold refineries or cash 4 gold buyers that own their in-house gold refineries
The fact is, cash for gold buyers are nothing more than brokers between you and a precious metal refinery and as a result they will pay you in the area of 30 percent of the true value for your gold or silver jewelry and turn around and trade it directly to a precious metal dealer themselves therefore obtaining the lions share and you receive a few measly bucks.
In recent days, Fox news put together a kind of undercover sting, in that they mailed in three exact same items of gold to three separate precious metal dealers and waited for the payment and while 3 of the companies did in fact give them a pay out for their old jewelry, only 1 of those cash 4 gold companies actually gave the current market value while the other two companies payed approximately 30 percent of today’s value.
The 2 gold buyers that fell short were acting as a go-between while the 3rd company that payed the real value did utilize their own precious metal refinery, so it is consumer beware in this business and I surely recommend that you do your part before unloading your unneeded family jewelry so that you can not fall for the cash 4 gold scam
Tags: cash, cash 4 gold, cash for gold, dollars, gold, jewelry, money, Silver