When you consider the live state of the US economy and the ever increasing movement upwards in precious metal prices , it is apparent why people are getting out their old Gold, silver and other precious metals and are unloading them to cash 4 gold companies because they need to find some spare money to pay off their extra debits in order to make their next mortgage payment.
If you are experiencing the same situation you will want to methodically do your homework before giving away your gold jewelry to just any company because there are an ever increasing amount of unscrupulous gold brokers in the precious metal buying industry who will gladly prey on your financial desperation and reward almost nothing for your precious metal.
Even though this practice is not fraudulent by definition, it is in any case, wrong and I am here to make it known to those of you who are thinking of parting with your outdated jewelry to be sure to avoid businesses that are posing as gold brokers and to deal only with refineries or cash 4 gold buyers that utilize their in-house metal refineries
The fact is, cash for gold buyers are being brokers between you and a metal refiner and because of that they will give you in the neighborhood of one third of the market price for your fine jewelry and instantly unload it directly to a gold buyer themselves thereby obtaining the larger share and you keep a few lousy dollars.
In recent days, Fox news conducted a sort of undercover operation, where they mailed in three replica amounts of gold jewelry to 3 individual gold buyers and waited for their payout and while 3 of the businesses did in fact send a check for the used jewelry, only one of those cash for gold businesses actually paid the true value while the other 2 gold buyers payed about one third of today’s value.
The 2 gold buying companies that fell short were acting as a middle man while the 3rd cash for gold company that payed the true value did own their own precious metal refinery, so it is consumer beware in this business and I highly suggest that you do your utmost before unloading your unwanted gold or silver jewelry so that you won’t become a victim of the cash 4 gold scam
Tags: cash, cash 4 gold, cash for gold, dollars, gold, jewelry, money, Silver