Considering the present state of the US economy and the ever increasing upward rise in precious metal prices , it is obvious why people are bringing out their unwanted gold jewelry and are trading them to cash 4 gold brokers because they need to make some extra income to get rid of some bills and credit card accounts in order to get out of debt.

 

If you are experiencing the same situation you will be wise to cautiously do your investigative work before selling your unwanted jewelry to just any gold dealers because there are an ever increasing amount of fraudulent players in the jewelry buying industry who will happily prey on your financial desperation and reward a small percentage for your precious metal.

 

I realize that this behavior isn’t fraudulent by definition, it is however, very wrong and I want to make it known to those of you who may be thinking of selling your outdated jewelry to be sure to refrain from dealing with businesses that are acting as middle men and to deal only with metal refineries or cash 4 gold buyers that have their own personal metal refineries

 

You must realize, gold buyer are doing nothing more than acting as a go-between, between you and a gold refinery and as a result they will reward you approximately 1/3 of the value for your gold or silver jewelry and instantly unload it back to a precious metal dealer themselves and they will be pocketing the largest share and in turn you keep a couple measly bucks.

 

Recently, Fox news implemented a sort of undercover operation, where they sent in 3 replica items of gold jewelry to 3 different precious metal businesses and waited for their check and while all three companies did in fact send a check for the broken gold, only 1 of those cash 4 gold companies actually paid the real value of their gold while the other cash for gold companies payed approximately 30 percent of today’s current value.

 

The two cash for gold companies that payed out such a small amount were acting as a middle man 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 highly recommend that you do your research before selling your broken precious jewelry so that you shouldn’t get taken by the cash for gold scam

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