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When you consider the present state of the American economy and the forever increasing movement upwards in precious metal prices , it is obvious why people are taking out their damaged gold and platinum jewelry and are selling them to cash 4 gold refineries in an effort to acquire some additional cash to pay down their bills and credit card accounts and to make future bill payments.
let’s say you are experiencing the same situation you will be wise to methodically do your homework before unloading your precious metals to just any gold brokers in that there is a large number of unscrupulous cash for gold companies in the jewelry buying industry who will gladly take advantage of your desperation and pay almost nothing for your jewelry.
The fact that this practice may not be fraudulent by definition, it is in any case, totally wrong and I am here to inform those of you who might be considering parting with your defective gold or silver to be sure to avoid gold buyers that are acting as middle men and to conduct business only with metal refineries or cash 4 gold businesses that own their own metal refineries
The fact is, cash for gold companies are doing nothing more than acting as middle men between you and a precious metal refinery and as a result they will pay you in the neighborhood of 1/3 of the value for your gold, silver or platinum and easily unload it back to a gold buyer themselves therefore obtaining the largest share and you keep a few measly dollars.
A short while ago, Fox news implemented a sort of undercover operation, where they brought in three of the same amounts of jewelry to three individual precious metal buyers and waited for their check and while all three businesses did in fact deliver a check for the used jewelry, only 1 of those cash 4 gold companies actually submitted the current market value while the other 2 gold buyers payed approximately 1/3 of today’s real value.
The 2 gold buying companies that payed out such a small amount were acting as a middle man while the 3rd cash 4 gold business that payed the real value did utilize their own precious metal refinery, so it is seller beware in this business and I strongly recommend that you do your research before trading in your unneeded precious jewelry so that you will not get taken by the cash for gold scam
