Because of the latest condition of the global economy and the forever increasing spike in gold,silver and platinum prices , it is no wonder people are rooting out their broken gold and platinum jewelry and are getting rid of them to cash 4 gold dealers because they need to acquire some more cash to reduce their extra bills and credit card accounts as a way to make their next mortgage payment.

 

let’s say you are experiencing the same situation you will need to cautiously do your investigative work before trading your gold,silver or platinum to just any company for the reasons that there is a large number of scam cash for gold companies in the jewelry buying business who will happily take advantage of your desperate situation and pay a small percentage for your gold and silver.

 

I realize that this behavior may not be a scam, it is in any case, very wrong and I feel obligated to make it known to those of you who are considering parting with your unwanted gold, silver or platinum jewelry to be sure to stay away from companies that are acting as gold brokers and to conduct business only with gold refineries or gold buying companies that utilize their own personal precious metal refineries

 

You see, cash4gold businesses are doing nothing more than acting as middle men between you and a precious metal refinery and because of that they will reward you about 1/3 of the actual value for your fine jewelry and quickly unload it back to a gold refiner themselves and they will be keeping the largest share and in turn you get a couple lousy bucks.

 

Recently, Fox news put together a sort of undercover sting, in that they delivered 3 replica pieces of gold to 3 different cash for gold dealers and waited for the payment and while all three businesses did in fact forward a payment for their broken jewelry, only 1 of those cash 4 gold companies actually gave the real value of their gold while the other 2 gold buyers payed out one third of today’s value.

 

The two cash for gold companies that that payed 30% of the real value were acting as a middle man while the 3rd cash 4 gold business that payed the real value did utilize their own precious metal refinery, so it is consumer beware in this industry and I highly recommend that you do your homework before selling your unneeded gold, silver or platinum jewelry so that you can not fall for the cash for gold scam