When you take into consideration the live state of the North American economy and the ever increasing upward rise in precious metal prices , it is obvious why people are bringing out their damaged gold, silver and platinum jewelry and are selling them to cash 4 gold refineries as a way to make some extra income to reduce some bills and credit card accounts in an effort to make their next mortgage payment.
If you are in the same situation you will want to methodically do your investigative work before unloading your gold or silver to just any company for the reasons that there are an ever increasing amount of scam gold buyers in the gold buying business who will gladly take advantage of your desperation and reward a small percentage for your precious metal.
Although this practice isn’t illegal, it is in any case, wrong and I want to inform those of you who are considering parting with your used jewelry to be sure to stay away from businesses that are posing as gold brokers and to deal only with refineries or gold buying companies that institute their own refineries
You must realize, cash for gold buyers are simply acting as a go-between, between you and a precious metal refinery and therefore they will reward you about 30 percent of the actual value for your gold or silver jewelry and easily resell it back to a gold buyer themselves therefore obtaining the lions share and you receive a couple lousy dollars.
Recently, Fox news implemented a kind of undercover sting, where they sent in 3 identical amounts of jewelry to 3 separate precious metal businesses and waited for their payout and while 3 of the gold buyers did in fact give them a payment for the old jewelry, only one of those cash for gold buyers actually gave the true value while the other two companies payed about 30% of the current value.
The 2 gold buying companies that that payed 30% of the real value were acting as a middle man while the third company that payed the most value did in fact own their own gold refinery, so it is consumer beware in this business and I surely recommend that you do your homework before unloading your used gold, silver or platinum jewelry so that you can’t get taken by the cash 4 gold scam
Tags: cash, cash 4 gold, cash for gold, dollars, gold, jewelry, money, silver