Should you trade your old, broken jewelry to a cash 4 gold business
When you take into consideration the present condition of the North American economy and the forever increasing upward rise in gold,silver and platinum prices , it is necessary that people are taking out their old gold and silver jewelry and are selling them to cash 4 gold buyers in an effort to acquire some more money to reduce their extra financial woes in an effort to make ends meet.Assuming you are in the same situation you will need to cautiously do your homework before giving away your gold jewelry to just any gold dealers for the reasons that there is a huge increase in the number of scam companies in the precious metal buying industry who will without conscience prey on your desperation and pay a small percentage for your gold and silver.I realize that this behavior is not illegal, it is however, not in your best interest and I am here to inform those of you who may be thinking of getting rid of your defective gold, silver or platinum jewelry to be sure to stay away from companies that are acting as middle men and to deal only with refineries or cash 4 gold businesses that institute their in-house refineriesThe fact is, cash for gold companies are being middle men between you and a precious metal refinery and because of that they will pay you in the neighborhood of 30% of the actual value for your gold and turn around and trade it directly to a precious metal dealer themselves therefore keeping the largest share and you receive a few lousy dollars.A short while ago, Fox news implemented a kind of undercover operation, in that they submitted three identical pieces of gold to three different precious metal buyers and waited for their check and while all three businesses did in fact give them a pay out for their used jewelry, only one of those cash for gold buyers actually submitted the true value while the other two companies payed approximately 30% of today’s current value.The two cash for gold companies that that payed 30% of the real value were acting as middle men while the third gold buyer that payed the true value did in fact own their own gold refinery, so it is customer beware in this business and I highly recommend that you do your utmost before parting with broken gold or silver jewelry so that you do not get sucked into the cash for gold scam