Is it worth selling your unwanted gold to a cash 4 gold company
Because of the live condition of the global economy and the ever increasing movement upwards in gold prices , it is no wonder people are rooting out their used Gold, silver and other precious metals and are pawning them to cash 4 gold refineries in an effort to come up with some additional cash to pay down their extra bills and credit card accounts in order to meet their next payments.
Assuming you are experiencing the same situation you will want to cautiously do your homework before trading your unwanted jewelry to just any gold brokers because there is a large number of unscrupulous players in the gold buying industry who will without conscience prey on your financial situation and give a small percentage for your precious jewelry.
The fact that this behavior may not be a scam, it is however, immoral and unethical and I want to warn those of you who are considering getting rid of your used gold, silver or platinum jewelry to be certain to avoid businesses that are acting as gold brokers and to deal only with refineries or cash 4 gold businesses that have their in-house refineries
The fact is, cash4gold businesses are simply acting as middle men between you and a metal refiner and as a result they will give you in the area of 30 percent of the market price for your gold or silver jewelry and turn around and resell it back to a gold buyer themselves and they will be pocketing the larger share and in turn you receive a couple lousy dollars.
A short while ago, Fox news put together a sort of undercover operation, where they brought in 3 exact items of jewelry to 3 individual cash for gold dealers and waited for their check and while all of the businesses did in fact give them a payment for their unwanted gold, only one of those cash 4 gold companies actually submitted the true value while the other 2 gold buyers payed approximately 30 percent of today’s current value.
The other 2 companies that payed out such a small amount were acting as a go-between while the 3rd cash 4 gold business that payed the true value did own their own in-house refinery, so it is customer beware in this industry and I surely recommend that you do your part before unloading your used gold, silver or platinum jewelry so that you can not get taken by the cash 4 gold scam
