Should you sell your gold to a dollars 4 gold company
December 22nd, 2009 by
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When you take into consideration the live state of the world economy and the forever increasing rise in gold and silver prices , it is necessary that people are bringing out their used gold and silver jewelry and are pawning them to cash 4 gold businesses as a method to come up with some additional cash to lower their financial woes as a way to make future bill payments.If you are experiencing the same situation you will want to cautiously do your homework before trading your precious metals to just any gold dealers in that there are an ever increasing number of fraudulent companies in the jewelry buying business who will gladly take advantage of your desperate situation and pay very little for your gold, silver or platinum jewelry.Although this way of doing business isn’t fraudulent by definition, it is however, not in your best interest and I feel it necessary to inform those of you who are considering getting rid of your broken gold jewelry to be sure to refrain from dealing with companies that are posing as middle men and to do business only with precious metal refineries or cash 4 gold businesses that own their own precious metal refineriesThe fact is, cash for gold buyers are doing nothing more than acting as middle men between you and a gold refinery and because of that they will pay you approximately 30 percent of the market price for your gold, silver or platinum and instantly trade it directly to a precious metal dealer themselves thereby obtaining the larger share and in turn you receive a couple lousy bucks.Not so long ago, Fox news put together a sort of undercover sting, where they submitted three replica pieces of gold to three separate gold buyers and waited for the payment and while all of the businesses did in fact forward a payment for the old jewelry, only one of those gold buyers actually submitted the real value of their gold while the other 2 gold buyers payed approximately 30 percent of the current value.The other 2 companies that gave so little were acting as a middle man while the 3rd gold buyer that payed the current market value did utilize their own in-house refinery, so it is seller beware in this business and I strongly recommend that you do your utmost before selling your broken family jewelry so that you can not fall prey to the cash 4 gold scam
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