Will you be scammed if you sell your old gold to a dollars4gold website
Considering the live condition of the North American economy and the continuous increasing rise in gold,silver and platinum prices , it is no wonder people are digging out their used gold and platinum jewelry and are trading them to cash 4 gold industries in an effort to find some more income to lower their financial woes to to make ends meet.
let’s say you are in the same situation you will want to cautiously do your homework before selling your gold,silver or platinum to just any company in that there is a large number of fraudulent cash for gold companies in the precious metal buying industry who will happily take advantage of your desperate situation and reward you next to nothing for your gold, silver or platinum jewelry.
The fact that this practice may not be fraudulent by definition, it is in any case, totally wrong and I want to make it known to those of you who may be thinking of getting rid of your broken gold to be certain to stay away from gold buyers that are posing as middle men and to do business only with gold refineries or cash 4 gold buyers that have their own gold refineries
You see, cash for gold companies are doing nothing more than acting as a go-between, between you and a precious metal refinery and therefore they will reward you in the neighborhood of 30% of the market price for your fine jewelry and quickly trade it back to a gold refiner themselves and they will be keeping the larger share and you keep a few lousy dollars.
In recent days, Fox news put together a sort of undercover sting, in that they brought in 3 exact amounts of gold jewelry to 3 individual cash for gold businesses and waited for their check and while all three businesses did in fact give them a pay out for their used gold, only 1 of those gold buyers actually gave the current market value while the other 2 gold buyers payed approximately 30% of today’s real value.
The two gold buyers that fell short were acting as a middle man while the 3rd cash 4 gold business that payed the most value did utilize their own precious metal refinery, so it is customer beware in this industry and I absolutely suggest that you do your part before parting with used precious jewelry so that you don’t get sucked into the cash 4 gold scam
Tags: cash, cash 4 gold, cash for gold, dollars, gold, jewelry, money, Silver