Is it worth selling your outdated gold or silver jewelry to a dollars 4 gold broker
December 13th, 2009
When you consider the live condition of the world economy and the forever increasing rise in precious metal prices , it is no wonder people are rooting out their used gold and platinum jewelry and are getting rid of them to cash 4 gold brokers as a method to find some spare cash to lower some extra bills and credit card accounts in an effort to get out of debt.If you are in the same situation you will need to carefully do your research before giving away your unwanted jewelry to just any gold buyers because there is a huge increase in the number of fraudulent gold buyers in the jewelry buying business who will without conscience take advantage of your financial situation and give almost nothing for your gold, silver and platinum.The fact that this behavior may not be a scam, it is in any case, totally wrong and I am here to tell those of you who are thinking of trading your outdated jewelry to be certain to stay away from businesses that are posing as middle men and to deal only with refineries or cash 4 gold companies that utilize their in-house refineriesThe truth is, cash for gold companies are simply acting as middle men between you and a precious metal refinery and because of that they will give you approximately one third of the actual value for your gold or silver jewelry and instantly unload it back to a gold refiner themselves therefore obtaining the larger share and you get a few lousy bucks.In recent days, Fox news put together a sort of undercover operation, in that they submitted three of the same pieces of gold to three different precious metal buyers and waited for the payment and while 3 of the gold buyers did in fact give them a pay out for the old gold, only 1 of those cash 4 gold companies actually submitted the true value while the other two companies payed approximately one third of today’s true value .The two gold buyers that payed out such a small amount were acting as a middle man while the 3rd cash for gold company that payed the true value did own their own in-house refinery, so it is consumer beware in this industry and I surely recommend that you do your part before parting with broken gold jewelry so that you should not get taken by the cash for gold scam
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