When you consider the current condition of the North American economy and the ever increasing surge in gold,silver and platinum prices , it is no wonder people are taking out their old gold and platinum jewelry and are unloading them to cash 4 gold industries as a way to come up with some additional cash to pay off their extra debts and to make future bill payments.
Maybe you are experiencing the same situation you will need to methodically do your research before selling your precious metals to just any gold brokers in that there are an ever increasing amount of fraudulent gold buyers in the jewelry buying business who will happily take advantage of your financial situation and pay you next to nothing for your precious jewelry.
Although this practice isn’t fraudulent by definition, it is in my opinion, wrong and I want to tell those of you who might be thinking of exchanging your broken gold to be certain to avoid companies that are posing as gold brokers and to deal only with precious metal refineries or cash 4 gold buyers that own their own precious metal refineries
The fact is, cash for gold companies are doing nothing more than acting as brokers between you and a precious metal refinery and as a result they will pay you in the neighborhood of 30% of the true value for your gold, silver or platinum and instantly unload it back to a gold refiner themselves thereby pocketing the largest share while you keep a couple lousy bucks.
Not so long ago, Fox news implemented a kind of undercover sting, where they delivered three of the same amounts of gold jewelry to three individual precious metal dealers and waited for the payment and while all of the companies did in fact give them a pay out for their unwanted jewelry, only 1 of those gold buyers actually submitted the current market value while the other cash for gold companies payed out 30% of today’s value.
The other 2 companies that that payed out 1/3 of the market value were acting as brokers while the 3rd cash 4 gold business that payed the most value did utilize their own metal refinery, so it is seller beware in this industry and I surely suggest that you do your part before unloading your old gold, silver or platinum jewelry so that you shouldn’t fall prey to the cash for gold scam
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