Because of the present state of the US economy and the forever increasing rise in gold prices , it is apparent why people are rooting out their old gold jewelry and are selling them to cash 4 gold dealers in an effort to find some additional cash to reduce their debits in an effort to get out of debt.

let’s say you are experiencing the same situation you will want to carefully do your investigative work before unloading your gold,silver or platinum to just any company because there are an ever increasing amount of scam companies in the precious metal buying business who will without conscience take advantage of your financial situation and pay very little for your gold, silver and platinum.

Even though this behavior may not be illegal, it is however, immoral and unethical and I feel obligated to make it known to those of you who might be thinking of trading your outdated gold or silver to be sure to refrain from dealing with companies that are posing as gold brokers and to conduct business only with precious metal refineries or cash for gold companies that have their own precious metal refineries

You must realize, gold buyer are doing nothing more than acting as middle men between you and a gold refinery and therefore they will pay you in the area of 30% of the actual value for your gold and instantly unload it directly to a gold refiner themselves therefore pocketing the largest share while you receive a few lousy bucks.

Not so long ago, Fox news implemented a kind of undercover operation, where they mailed in 3 exact same amounts of gold to three separate precious metal dealers and waited for their check and while all of the gold buyers did in fact forward a payment for the broken gold, only 1 of those gold buyers actually paid the true value while the other cash for gold companies payed approximately 1/3 of the current value.

The other 2 companies that payed out such a small amount were acting as brokers while the third cash 4 gold business that payed the true value did utilize their own precious metal refinery, so it is customer beware in this industry and I strongly recommend that you do your research before unloading your unneeded gold jewelry so that you do not fall for the cash for gold scam

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