Will you get a fair price if you sell your unwanted gold jewelery to a cash for gold website
Considering the current state of the North American economy and the forever increasing spike in gold prices , it is obvious why people are bringing out their damaged gold and silver jewelry and are getting rid of them to cash 4 gold refineries in an effort to come up with some additional cash to pay down some debts as a way to meet their next payments.
Maybe you are experiencing the same situation you will be wise to methodically do your investigative work before unloading your gold,silver or platinum to just any gold dealers for the reasons that there is a large amount of scam cash for gold companies in the precious metal buying business who will gladly prey on your desperation and reward very little for your gold.
Even though this way of doing business is not illegal, it is in my opinion, not in your best interest and I feel it necessary to inform those of you who might be thinking of parting with your used gold, silver or platinum to be certain to avoid businesses that are posing as gold brokers and to do business only with gold refineries or cash 4 gold companies that utilize their own personal metal refineries
You must realize, gold buyer are being middle men between you and a metal refiner and therefore they will pay you in the area of 30 percent of the actual value for your fine jewelry and instantly trade it back to a gold buyer themselves therefore keeping the lions share and in turn you receive a few lousy dollars.
A short while ago, Fox news put together a kind of undercover operation, where they submitted three exact same pieces of gold to 3 individual precious metal buyers and waited for their payout and while 3 of the businesses did in fact send a check for their broken gold, only one of those cash for gold companies actually submitted the real value of their gold while the other 2 gold buyers payed approximately one third of the current value.
The two gold buyers that payed out such a small amount were acting as middle men while the third gold buyer that payed the real value did have their own precious metal refinery, so it is consumer beware in this business and I absolutely recommend that you do your research before unloading your broken gold jewelry so that you do not get taken by the cash for gold scam