When you take into consideration the present condition of the North American economy and the continuous increasing surge in gold,silver and platinum prices , it is necessary that people are taking out their old gold jewelry and are pawning them to cash 4 gold businesses as a way to acquire some more dollars to reduce their extra debits in an effort to meet their next payments.
Assuming you are experiencing the same situation you will need to methodically do your investigative work before giving away your precious metals to just any gold buyers in that there is a huge increase in the amount of unscrupulous companies in the precious metal buying business who will gladly prey on your desperation and give very little for your gold, silver and platinum.
Although this practice is not a scam, it is in my opinion, not in your best interest and I want to inform those of you who are considering getting rid of your outdated gold or silver to be sure to stay away from gold buyers that are acting as middle men and to deal only with metal refineries or cash 4 gold businesses that have their own personal metal refineries
You must realize, cash4gold businesses are being brokers between you and a metal refiner and as a result they will give you in the neighborhood of one third of the market price for your gold or silver jewelry and quickly resell it directly to a precious metal dealer themselves thereby pocketing the larger share while you receive a few lousy dollars.
A short while ago, Fox news conducted a kind of undercover operation, in that they sent in three of the same items of gold jewelry to three individual cash for gold companies and waited for the payment and while all three businesses did in fact give them a pay out for the broken gold, only one of those cash for gold companies actually paid the current market value while the other two companies payed approximately one third of today’s current market value.
The two cash for gold companies that fell short were acting as a go-between while the third cash for gold company that payed the true value did have their own gold refinery, so it is seller beware in this industry and I surely suggest that you do your part before trading in your unwanted precious jewelry so that you can not fall for the cash 4 gold scam
