Should you sell your unwanted gold to a money4gold broker
Because of the live state of the US economy and the continuous increasing upward rise in gold prices , it is apparent why people are rooting out their damaged gold and silver jewelry and are selling them to cash 4 gold companies as a method to acquire some additional cash to pay down their financial woes as a way to get out of debt.
If you are experiencing the same situation you will be wise to cautiously do your investigative work before giving away your gold,silver or platinum to just any gold brokers because there is a huge increase in the number of fraudulent cash for gold companies in the gold buying industry who will without conscience prey on your financial desperation and reward very little for your gold and silver.
I realize that this behavior may not be fraudulent by definition, it is in my opinion, wrong and I am here to make it known to those of you who might be thinking of exchanging your outdated gold or silver to be certain to avoid businesses that are acting as gold brokers and to conduct business only with gold refineries or cash 4 gold buyers that own their own gold refineries
You must realize, cash for gold companies are being brokers between you and a gold refinery and because of that they will reward you about 30% of the market price for your fine jewelry and easily resell it back to a gold refiner themselves and they will be obtaining the largest share and in turn you receive a couple lousy dollars.
A short while ago, Fox news implemented a kind of undercover sting, in that they brought in three exact items of gold jewelry to three individual precious metal companies and waited for the payment and while all three companies did in fact deliver a check for their broken jewelry, only one of those gold buyers actually submitted the real value of their gold while the other cash for gold companies payed approximately 30% of today’s value.
The two gold buyers that that payed out 1/3 of the market value were acting as middle men while the 3rd gold buyer that payed the real value did utilize their own gold refinery, so it is customer beware in this industry and I surely suggest that you do your part before unloading your used gold or silver jewelry so that you should not fall for the cash 4 gold scam