When you consider the latest condition of the North American economy and the forever increasing rise in gold and silver prices , it is obvious why people are taking out their old gold and platinum jewelry and are getting rid of them to cash 4 gold businesses because they need to find some spare dollars to pay off some extra debits in an effort to make their next mortgage payment.
let’s say you are experiencing the same situation you will be wise to cautiously do your homework before selling your gold or silver to just any company for the reasons that there are an ever increasing amount of scam companies in the precious metal buying business who won’t hesitate to prey on your desperate situation and reward very little for your gold, silver and platinum.
Even though this practice isn’t fraudulent by definition, it is in my opinion, totally wrong and I want to make it known to those of you who might be considering parting with your unwanted gold jewelry to be sure to stay away from companies that are posing as gold brokers and to deal only with gold refineries or cash 4 gold businesses that own their own gold refineries
The truth is, gold buyer are being middle men between you and a metal refiner and therefore they will reward you in the area of 30 percent of the actual value for your gold and turn around and trade it back to a precious metal dealer themselves therefore obtaining the larger share and you keep a few lousy dollars.
Not so long ago, Fox news conducted a sort of undercover sting, where they delivered 3 of the same amounts of gold jewelry to 3 separate cash for gold companies and waited for their check and while 3 of the gold buyers did in fact deliver a check for their used jewelry, only 1 of those cash for gold businesses actually paid the real value of their gold while the other two companies payed about 30 percent of today’s current market value.
The 2 gold buyers that that payed 30% of the real value were acting as a go-between while the third cash 4 gold business that payed the current market value did have their own gold refinery, so it is customer beware in this business and I strongly recommend that you do your research before unloading your broken precious jewelry so that you won’t get sucked into the cash 4 gold scam