Will you be scammed if you sell your outdated gold or silver jewelry to a CashforGold broker
When you take into consideration the present state of the US economy and the ever increasing surge in precious metal prices , it is obvious why people are digging out their broken gold and silver jewelry and are getting rid of them to cash 4 gold brokers as a method to make some additional income to pay off some extra debits in order to make ends meet.
Assuming you are experiencing the same situation you will be wise to carefully do your homework before selling your precious metals to just any gold dealers for the reasons that there are an ever increasing number of scam companies in the gold buying industry who will gladly take advantage of your desperate situation and reward a small percentage for your precious metal.
The fact that this way of doing business may not be illegal, it is in any case, wrong and I feel it necessary to inform those of you who are considering getting rid of your broken jewelry to be sure to avoid companies that are posing as gold brokers and to conduct business only with gold refineries or cash 4 gold companies that institute their in-house gold refineries
The truth is, cash4gold businesses are being middle men between you and a gold refinery and therefore they will reward you in the neighborhood of one third of the value for your gold or silver jewelry and quickly sell it back to a gold buyer themselves and they will be pocketing the largest share and in turn you keep a few lousy dollars.
Not so long ago, Fox news implemented a sort of undercover sting, where they mailed in three of the same amounts of jewelry to three different cash for gold dealers and waited for the payment and while all three companies did in fact deliver a check for the unwanted jewelry, only 1 of those cash for gold buyers actually paid the true value while the other 2 gold buyers payed about 30% of the current value.
The 2 gold buying companies that fell short were acting as middle men while the third gold buyer that payed the current market value did in fact own their own metal refinery, so it is customer beware in this industry and I absolutely recommend that you do your research before trading in your unneeded gold jewelry so that you won’t fall for the cash for gold scam
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Tags: cash, cash 4 gold, cash for gold, dollars, gold, jewelry, money, Silver
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